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Jeff Yan - High Frequency Crypto Market Making & the Hyperliquid Exchange (S6E2)
Flirting with Models
How to Trade RFQs in Decentralized Exchanges
One of your favorite discontinued on-chain strategies was trading RFQs. We had heard a lot of the best opportunities were starting to move on-chain and centralized exchange trading was kind of hitting. The idea is good, well, let's try to filter out this toxic flow that makers hate so much. Let's try to have retail interact directly with market makers. Good in theory, but in DeFi, it's just obviously a dumb idea because how do you prove that you're retail? Everything's anonymous, and you're not, you know, I see it.
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