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THE MONEY PRINTING GAME:
A pleb's guide to using @Keeper_DAO's hiding game to acquire $Rook below market price and arb it like a pro.
Before reading this thread, please read this one to provide a bit of context:
https://t.co/jLeUJRIjLG
Here we go!
1/
Before we really get into the meat of this... please do understand that the hiding game is currently in alpha. Hardware wallets don't work w/ it yet (they will soon).
Sometimes orders go unfilled (improving every day).
2/
A bit more context:
Limit orders on an amm aren't limit orders in the traditional sense. They are actually arbitrage opportunities for keepers. Keepers are bots that operate in the dark forest of ethereum.
3/
Now, let's say you use a service like 1inch or matcha to set your limit orders.
Let's say eth is $900 and you want to sell at $1000.
Eth pumps to $1040 rapidly, a keeper fills your limit order for $1000... everyone is happy. But wait... who gets the extra $40 here?
4/
Hint: it's not you! But what if you could?
This is where the hiding game comes in.
https://t.co/6sBlUWfw00
When you submit a limit order through the hiding game, @Keeper_DAO takes the $40 (or w/e amount) referenced above (this is MEV) and pushes it to the treasury.
5/
A pleb's guide to using @Keeper_DAO's hiding game to acquire $Rook below market price and arb it like a pro.
Before reading this thread, please read this one to provide a bit of context:
https://t.co/jLeUJRIjLG
Here we go!
1/
Ok I couldn't resist myself...
— 0x_Infinitum (@CryptoMessiah) February 3, 2021
OOOONNEEE more $Rook post.
Before i get into the REALLY cool shit i want to talk about, let me discuss the arb mining mechanics that were present during the initial distribution phase.
See this image, that's the keeperdao treasury.
1/ pic.twitter.com/Z2sMsZN9jo
Before we really get into the meat of this... please do understand that the hiding game is currently in alpha. Hardware wallets don't work w/ it yet (they will soon).
Sometimes orders go unfilled (improving every day).
2/
A bit more context:
Limit orders on an amm aren't limit orders in the traditional sense. They are actually arbitrage opportunities for keepers. Keepers are bots that operate in the dark forest of ethereum.
3/
Now, let's say you use a service like 1inch or matcha to set your limit orders.
Let's say eth is $900 and you want to sell at $1000.
Eth pumps to $1040 rapidly, a keeper fills your limit order for $1000... everyone is happy. But wait... who gets the extra $40 here?
4/
Hint: it's not you! But what if you could?
This is where the hiding game comes in.
https://t.co/6sBlUWfw00
When you submit a limit order through the hiding game, @Keeper_DAO takes the $40 (or w/e amount) referenced above (this is MEV) and pushes it to the treasury.
5/