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Eugene Chen
Ellipsis Labs
@0xShitTrader
CEO @ellipsis_labs
New York, USA
mirror.xyz/0xshittrader.e…
Joined January 2022
310
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14.2K
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  • user avatar
    Eugene Chen
    Ellipsis Labs
    @0xShitTrader
    Feb 7, 2022
    Update: The @LooksRareNFT team has already cashed out 23116 WETH ($73,000,000). This doesn't include the value of $LOOKS. Most of it is going straight to Tornado Cash.
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    Eugene Chen
    Ellipsis Labs
    @0xShitTrader
    Jan 23, 2022
    The @LooksRareNFT team has already cashed out 9169 WETH (over $25m) in less than 2 weeks. Props to them—an ingenious scheme to get paid massively in WETH rather than LOOKS.
  • user avatar
    Eugene Chen
    Ellipsis Labs
    @0xShitTrader
    Oct 10, 2022
    Retail should not be encouraged to passively provide AMM liquidity. It is almost always a money-losing enterprise, getting arbed over and over. Even on ETH/USDC, the pair with by far the most nontoxic flow, passive LPs consistently lose money. Source: dune.com/thiccythot/uni…
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    Eugene Chen
    Ellipsis Labs
    @0xShitTrader
    May 1, 2025
    Our mission at @ellipsis_labs is to build the best on-chain markets. Today—six months to the day from launch—I'm excited to reveal we are the developers of @SolFiAMM. SolFi has serviced over 100 billion dollars of trading volume on the most competitive on-chain markets.
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    126K
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    Eugene Chen
    Ellipsis Labs
    @0xShitTrader
    Feb 18, 2025
    .@ellipsis_labs has worked closely with @JupiterExchange since we started the company 2.5 years. Throughout our collaborations the Jupiter team has always been high integrity, high competence, and a responsible long-term steward of the Solana ecosystem.
    69K
  • user avatar
    Eugene Chen
    Ellipsis Labs
    @0xShitTrader
    May 21, 2025
    Sandwich MEV is a drag on the entire ecosystem. Our friends at @jito_sol / @temporal_xyz / @solana are working on infra-layer mitigations. Today we are excited to launch the @gavelxyz AMM, which is the first sandwich-resistant AMM on Solana.
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    Gavel
    @gavelxyz
    May 21, 2025
    Gavel's first sniper-resistant public sale is complete. 2480 participants contributed 30,747 SOL in total, receiving a pro-rata share of the test token. Now trading is available on Gavel's sandwich-resistant AMM.
    126K
  • user avatar
    Eugene Chen
    Ellipsis Labs
    @0xShitTrader
    Oct 12, 2022
    Very interesting proposal by the Mango exploiter. They propose making depositors whole by using the entirety of the $70m insurance fund + returning 750k SOL and 800k mSOL, in exchange for immunity. That covers all deposits. This pits the Mango team against its depositors.
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  • user avatar
    Eugene Chen
    Ellipsis Labs
    @0xShitTrader
    Jul 19, 2023
    Buried deep in the UniswapX docs—behind the public messaging of a "permissionless" protocol—is a completely centralized, permissioned, opaque, off-chain RFQ system. Let's take a look at how it works.
    user avatar
    Eugene Chen
    Ellipsis Labs
    @0xShitTrader
    Jul 17, 2023
    Replying to @0xShitTrader
    Later this week I'll discuss the centralized aspects of UniswapX, which have been mysteriously skipped over in the announcement. (And some of the seriously cool new stuff too, like Dutch orders.) Here's a hint:
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    168K
  • user avatar
    Eugene Chen
    Ellipsis Labs
    @0xShitTrader
    Nov 14, 2022
    REPORTS OF SOLANA’S DEATH HAVE BEEN GREATLY EXAGGERATED The Solana washout, while extremely painful today, will be long term good for the ecosystem. 🔥🦅
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    Ellipsis Labs
    @ellipsis_labs
    Nov 14, 2022
    1/ Recent events in crypto have highlighted the need for a decentralized and transparent financial system. Solana is still the best place to build it. We’re excited to announce Phoenix, the first limit order book DEX that is fully on-chain, non-custodial, and crankless. 🔥🦅
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    Eugene Chen
    Ellipsis Labs
    @0xShitTrader
    Jul 12, 2023
    Replying to @RyanSAdams
    Less of this probably
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    6.2K
  • user avatar
    Eugene Chen
    Ellipsis Labs
    @0xShitTrader
    Feb 14, 2023
    A single app sent gas above 500 gwei for 10 minutes, effectively DDoS'ing Ethereum. That's $142 for a swap on Uniswap V3 and $42 for an ERC-20 transfer. Of course this drives value to the $ETH token. But don't tell me the chain is "up" or "available" during periods like this.
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    195K
  • user avatar
    Eugene Chen
    Ellipsis Labs
    @0xShitTrader
    Aug 19, 2025
    AMM designer whose volume 50x'ed overnight: This is a clear sign of PMF. I am a genius. This is the future of finance Market maker whose volume 50x'ed overnight: Fuck fuck fuck fuck fuck
    24K
  • user avatar
    Eugene Chen
    Ellipsis Labs
    @0xShitTrader
    Feb 13, 2022
    HIGH FREQUENCY TRADING AND ITS ANALOGUES IN CRYPTO In traditional finance, there's only a handful of successful players in HFT. To have a chance to be competitive, firms must first make 8 to 9 figure infrastructure investments. 1/
  • user avatar
    Eugene Chen
    Ellipsis Labs
    @0xShitTrader
    Jun 12, 2025
    The cheapest way to buy BTC on Coinbase is to send USDC to Solana, swap on-chain for cbBTC, and deposit cbBTC back to Coinbase.
    67K
  • user avatar
    Eugene Chen
    Ellipsis Labs
    @0xShitTrader
    Feb 27, 2023
    Solana suffered a 19 hour outage this weekend. 😞 We’ve heard “chain outages aren’t that bad, actually.” 😡 In this thread, @jarxiao and I dive into why liveness is a non-negotiable feature for any blockchain supporting DeFi, with an example from this most recent outage. 🧵
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    62K