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D2 Finance

@D2_Finance
Institutional-grade Derivatives Strategies for DeFi | Stablecoin, RWA, BTC tokenized derivative strategies since 2023 | Real Risk-adjusted Returns at Scale
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d2.finance
Joined January 2024
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    D2 Finance
    @D2_Finance
    Apr 21
    Why looping in crypto is broken, why we stopped, why you're being sold repackaged credit risk as a savings account, and why we don't need it anymore. Thanks to @chameleon_jeff and @HyperliquidX. Before founding D2, we spent a decade in institutional derivatives.Started at
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    D2 Finance
    @D2_Finance
    Aug 22
    GG, friend! It's not a competition... or is it? @DeriveXYZ @0x_Atreyu @0xfluflu @dillonlin_ When do we get extra rewards for bringing new users into the world of convexity? Asking for a friend 🤣 Rumor has it that @dcfgod is feeling euphoric and might pitch in. Time to go for
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    Derive.xyz
    @DeriveXYZ
    Aug 22
    Anatomy of a convex payoff on Derive: Aug 2: spot $51.5, $65 HYPE call (Aug 28 expiry) trading at $0.52 Aug 22: same call marked at $17.52 +3,268% on the option. The underlying moved a fraction of that. Well played by @AlwaysBeThinkin, who laid out the thesis on Aug 2. He says
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    D2 Finance
    @D2_Finance
    Aug 21
    Luke Gromen is right. You now have the trade in tokenized vault form: Debasement++, opens for deposit this weekend. ◾️$XAUT @tethergoldbase on Ethereum ◾️long $BTC calls ◾️short $GLD puts ◾️short $MSTR in a band Exposure 100 to 200% NAV, open at 130; we let BTC run. Expiry
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    Luke Gromen
    @LukeGromen
    Aug 20
    This could prove 100% accurate if he swaps ALL the Federal debt for T-Bills, then uses those T-Bills to back 0% yielding stablecoins, then cuts the rate on those T-Bills to 0.60% (b/c the banks don't deserve 3.5% on stablecoins). You're gonna want to own more gold & BTC though.
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    D2 Finance
    @D2_Finance
    Aug 21
    If volatility is cheap, holding $MSTR over spot Bitcoin makes little sense. 3-year data: • Average 90-day rolling correlation: 0.74 • Peak: 0.91 | Trough: 0.52 | Current: 0.82 Price performance (Aug 2023 – Aug 2026): •MSTR +158.4% vs Bitcoin +148.7% But from peak: •MSTR
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    D2 Finance
    @D2_Finance
    Aug 20
    Respect to @bidorder for answering in the open. We love the handle 💚 We do not doubt the engine, the skills, or the intent, and we ran similar arb structures in 2021 with internal capital at multiples of the current APR. The open question is narrower: how the spread decomposes.
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    Chris
    @bidorder
    Aug 19
    Replying to @riksucks @D2_Finance and 2 others
    Indeed the case, as Rik mentioned. It’s been quite difficult for us to balance transparency and protecting critical trading information. Our engine looks at tens of millions of pricing permutations across crypto, tokenized RWAs and FX. Venue selection, inventory placement and