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@FrankieIsLost

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research + investing @paradigm

Joined May 2021
Don't wanna be here? Send us removal request.
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@FrankieIsLost
frankie
1 year
I'm excited to announce we are open-sourcing Artemis, a framework for writing MEV bots in Rust. We built Artemis to make it as easy as possible to get started with searching, and designed the library to be simple, modular, and fast.
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@FrankieIsLost
frankie
2 years
Born too late to explore the earth. Born too early to explore the galaxy. Born just in time to explore the chain.
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@FrankieIsLost
frankie
2 years
Surprised by how few people seem to know that correctly placing commas in your function signatures saves huge amounts of gas. The compiler recognizes the superior aesthetics and rewards you by removing a bunch of extraneous opcodes.
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@FrankieIsLost
frankie
1 year
the trump NFT contracts might have the most cursed formatting I've ever seen
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@FrankieIsLost
frankie
2 years
I'm excited to announce that I've joined @paradigm as a Research Engineer, to help @FEhrsam , @matthuang , and the rest of the team as they push the boundaries in building a crypto-native investment firm.
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@FrankieIsLost
frankie
2 years
Very underrated paper on Ethereum data structures by @kamil_jezek (). A lot more accessible than the yellow paper, and with a lot less details left as an exercise to the reader.
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@FrankieIsLost
frankie
2 years
I've been working on a new mechanism for selling NFT collections, as well as fungible tokens, with @danrobinson , @_Dave__White_ , and @andy8052 . It's called a Gradual Dutch Auction, or GDA. It's helpful for finding fair prices for illiquid assets.
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@FrankieIsLost
frankie
2 years
Just read the Tai Lopez NFT contracts, they: - transfer funds directly to 4 team wallets on every mint - implement a "dutch auction" where prices actually go up - use ERC721Enumerable but keep a separate tokenId counter - use SafeMath.sol on Solidity 0.8 - use Counters.sol
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@FrankieIsLost
frankie
1 year
out here getting mogged by copilot
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@FrankieIsLost
frankie
2 years
We've reached the point in the ETHPoW saga where the Coinbase protocol team themselves are submitting PRs to the repo to get the chainID issue solved. And still no response from the team.
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@FrankieIsLost
frankie
2 years
I've been working on the Art Gobblers smart contracts with @transmissions11 , with some help from @_Dave__White_ and @JustinRoiland . Today, we're excited to announce that our codebase is open source.
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@FrankieIsLost
frankie
9 months
> @CL207 coming to visit paradigm >office manager says he needs to show ID at the door >"uhh, don't think he owns that" >she says costco membership, school id, anything works >"well, he identifies as a cat, so I don't think he owns any of that" >... >she says no pets allowed
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@FrankieIsLost
frankie
9 months
people think the kimchi arb was the greatest arb in crypto but you can make a lot of money just taking ideas from cosmos and implementing them on ethereum a few months later
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@FrankieIsLost
frankie
2 years
ETHPoW team quickly running out of time to release a client binary before the merge, and the closest thing they've done to changing the chainID is adding a comment in the codebase. Searchers are about to have a field day with replays if fork goes through without the change.
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@FrankieIsLost
frankie
2 years
After working on a contract for a while, deploying to mainnet sort of feels like dropping your kid off for their first day of college. Except half the school is trying to mug them and you just hope you've covered them in enough kevlar.
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@FrankieIsLost
frankie
9 months
thousands of hours collectively spent on dex research to improve user welfare, and it turns out users just want a telegram bot they can send their private keys to
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@FrankieIsLost
frankie
2 years
>9am, sit down at my desk ready to have a productive day. "Hmm, I wanted to refresh my memory on how the math for this AMM swap works" >9pm, fugue state. Every one of my screens open to a different broken desmos. Googling "how to learn hyperbolic geometry" as hope leaves my body
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@FrankieIsLost
frankie
2 years
Join the resistance today
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@FrankieIsLost
frankie
2 years
I pinged t11s about some code, and he replies "hang on, I need to finish this assembly". I figure he needs to wrap up some Yul he's writing. Turns out he means he's sitting in the middle a school assembly 😭
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@FrankieIsLost
frankie
2 years
Yes, submit a PR to Solmate anon, what's the worse that could happen?
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@FrankieIsLost
frankie
2 years
Inside every crypto dev there are two wolves. One can rotate shapes and the other is a wordcel. If you let the wordcel die, you end up building ohm forks. If the rotator dies, you end up with a failed algostable. We must all strive for balance.
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@FrankieIsLost
frankie
2 years
What could go wrong?
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@FrankieIsLost
frankie
4 months
cosmos and solana really are on opposite ends of the "do you want to be right, or do you want to make money" spectrum
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@FrankieIsLost
frankie
1 year
DMing random anon accounts with 500 followers is extremely high variance, sometimes it's someone running a +100M crypto fund and other times it's a literal 12 year old
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@FrankieIsLost
frankie
7 months
solution to MEV has been achieved internally
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@FrankieIsLost
frankie
4 months
I just smashed my TV in front of 20 guests at my christmas party. someone at the table tried using ethereum for execution, not knowing it's a b2b chain. my wife just took our crying kids and said they’re all spending the week at a hotel. scaling has ruined my life and my party.
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@FrankieIsLost
frankie
3 months
if you want to build something big in crypto, build something people can speculate on. If you want to be very big, build a platform where other people can build things to speculate on. If you want to be massive, build something where the data is available.
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@FrankieIsLost
frankie
2 years
I will say this again: there is simply no way to enforce any kind of royalty or fee-on-transfer mechanism on chain. You can always just trade claims on assets instead of the assets themselves. It's a social consensus issue, it can't be "fixed" with code.
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@FrankieIsLost
frankie
2 years
The Paradigm Anon Council is in session
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@FrankieIsLost
frankie
2 years
Down bad, have a meeting scheduled with @transmissions11 and realized it's happening during his lunch period at school. I'm officially feeling like a boomer.
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@FrankieIsLost
frankie
2 years
is such an underrated way to learn solidity, it's usually what I recommend after reading the docs. Plus it's a nice warm-up for the upcoming Paradigm CTF 👀
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@FrankieIsLost
frankie
2 years
what if?
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@FrankieIsLost
frankie
9 months
>crypto mech designer says his protocol pays high yield >ask if real yield or retail buying poorly priced risk >he doesn’t understand >pull out illustrated diagram explaining what is real yield and what is buying risk >he laughs and says “it's good yield” >check >it’s buying risk
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@FrankieIsLost
frankie
9 months
you: seeing the superconductor news and worried about the security of elliptic curve cryptography me: superconductor -> quantum computers and better networking infra -> block size goes up -> onchain physics simulations -> fully decentralized hamster racing
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@FrankieIsLost
frankie
2 years
Few things in life will put your ego in check quicker than watching @samczsun live audit your code 🥲
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@FrankieIsLost
frankie
5 months
just one more infra layer bro. i promise bro just one more infra layer and it'll fix everything bro. bro. just one more infra layer. please just one more. one more infra layer and we can fix this whole problem bro. bro cmon just give me one more infra layer i promise bro. bro ple
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@FrankieIsLost
frankie
2 years
0xb1eak
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@FrankieIsLost
frankie
2 years
The ETHPoW whitepaper (linked from their official website) is pure performance art. There's a title page, a page that says "The Original Ethereum Blockchain", and then 7 pages that just say "intentionally left blank".
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@FrankieIsLost
frankie
2 years
She's a 10 but thinks backing an algostable with endogenous collateral is a sound mechanism
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@FrankieIsLost
frankie
2 years
Was at my local coffee shop, and noticed someone well known in crypto in line in front of me. They were speaking very loudly and poorly about a project. A reminder to practice good opsec, you never know when your friendly neighborhood anon might be waiting for coffee behind you.
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@FrankieIsLost
frankie
4 months
when I criticize Solana, the manlet army shows up screaming at me and calling me scum. when I criticize cosmos, I get an army of bad kids saying things like "we deserve this" and "we haven't lived up to our ideals". and I think both those things are beautiful.
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@FrankieIsLost
frankie
2 years
Many good decisions were made when building Uniswap, ranging from mechanism design to UI/UX. But the greatest decision of them all might have been to abandon the original name for the protocol: "Unipeg"
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@FrankieIsLost
frankie
2 years
A good test: get gpt-3 to generate crypto marketing copy and see how close it gets to the real thing
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@FrankieIsLost
frankie
2 years
Sometimes I read a whitepaper's "novel tokenomics" and wonder if the people who were posting troll physics memes to 4chan in 2010 ended up finding their way to defi
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@FrankieIsLost
frankie
7 months
having good taste for problems is like half the battle. some great teams don’t make it just because they just picked the wrong thing to work on. also means that average teams can make it big by stumbling onto the right space
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@FrankieIsLost
frankie
7 months
My father-in-law is a builder. He is insanely gifted. We were looking at this smart contract together years ago and I asked him what it would cost to build it today. I will never forget his answer… 'We can’t, we don’t know how to do it.'
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@FrankieIsLost
frankie
2 years
People have already pointed out the lack of gas optimization on the Otherside contracts, but even the structure of the contracts is pretty surprising. For one example, the public sale price is calculated using a dutch auction... but with the same starting and ending price.
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@FrankieIsLost
frankie
2 years
This tweet was a joke about how far devs will go to optimize their contracts, but it seems lots of folks took it at face value 😅 So let me give a quick explanation of why a change like this can't lead to gas savings, for people less familiar with the Solidity compiler:
@FrankieIsLost
frankie
2 years
Surprised by how few people seem to know that correctly placing commas in your function signatures saves huge amounts of gas. The compiler recognizes the superior aesthetics and rewards you by removing a bunch of extraneous opcodes.
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@FrankieIsLost
frankie
10 months
at ethCC, panelists are asked to define intents: person A: "intents are constraints on the state transition function" person B: "intents are a glimpse into the subconscious, a probe into user's mind. you'll never have my intents, you'd use them to kill me" we are so back
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@FrankieIsLost
frankie
2 years
Can't wait for y'all to reveal your gobblers tomorrow and see what the team has in store for you 🧪🧪🧪
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@FrankieIsLost
frankie
9 months
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@FrankieIsLost
frankie
2 years
Counterpoint: At one of my old jobs, an eng was debugging by adding `print("FUCK")` in his code. He forgot to remove this, and somehow got through code review and into prod. He 2x'd our log volume with millions of lines of "FUCK" and almost brought down our Kibana cluster.
@gakonst
Georgios Konstantopoulos
2 years
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@FrankieIsLost
frankie
2 years
@0xtuba @samczsun > Pulls up to my desk > "It's time to audit" > Opens Github, has 0 context on the code > Scans first contract for about 60 seconds > "Not sure what this function does yet but it looks wrong" > mfw critical bug
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@FrankieIsLost
frankie
4 months
Good Evening, “ETF approval” was a 20 minute sociological study conducted by Harvard University. We are now complete with our study. Thank you for your time.
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@FrankieIsLost
frankie
1 year
most common chart in crypto?
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@FrankieIsLost
frankie
5 months
a surprising number of problems in ethereum could be solved trivially by not optimizing the network for raspberry pis, but instead we’ve decided to patch them with the most intricate rube goldberg machines you’ve ever seen
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@FrankieIsLost
frankie
8 months
I’m at an intents event today, determined to find out if anyone here actually knows what an intent is or if it’s all a huge psyop
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@FrankieIsLost
frankie
2 years
Doing a survey of open-sourced MEV bots and I'm growing increasingly convinced that some of these are psyops to get new people rekt
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@FrankieIsLost
frankie
6 months
you either die as literally any project in crypto, or live long enough to see yourself become an L2
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@FrankieIsLost
frankie
2 years
If your solidity codebase has more lines of code than lines of comments, you don't have enough comments
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@FrankieIsLost
frankie
2 years
Building a bad nft project is way easier than building a bad defi project, but building a great nft project might be harder than building a great defi project.
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@FrankieIsLost
frankie
5 months
lots of zombie cos in crypto with too much funding and too little traction, so any hint of something finding pmf is like blood in the water. starts a feeding frenzy of pivots trying to replicate it, but this almost never works. you can see it today with DA, TG bots, "AI", etc.
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@FrankieIsLost
frankie
2 years
Got a few DMs about this. Some bots to learn from: • by @_supercycled • by @gakonst • by @bertcmiller Some bad bots: • Won't link, but probably not a good idea to write your bot fully in Solidity
@FrankieIsLost
frankie
2 years
Doing a survey of open-sourced MEV bots and I'm growing increasingly convinced that some of these are psyops to get new people rekt
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@FrankieIsLost
frankie
2 years
What are you waiting for, anon?
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@FrankieIsLost
frankie
2 years
Friday
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@FrankieIsLost
frankie
1 year
it’s pretty incredible how low-status crypto has become in tech/ai circles. feels like an important structural advantage
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@FrankieIsLost
frankie
2 years
your industry: GPUs are used to train large language models which are pushing the boundaries of intelligence my industry: 16 year olds are renting GPU farms and utilizing 1000s of teraflops so we can put the word g00 a bunch of times in a contract address
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@FrankieIsLost
frankie
2 years
Me 3 hours ago: "Yes @samczsun , I'd be happy to try out your new security challenges. I'm sure they won't take long" Me, 3 hours later, can't even read his wall of hand-crafted assembly anymore as tears cloud my vision: "This might have been a mistake"
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@FrankieIsLost
frankie
2 years
> start playing @andy8052 's onchain game > notice one of players isn't making moves > "hmm, I wonder what's distracting them" > check the chain > they just took $4M from an exploit
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@FrankieIsLost
frankie
2 years
What working with t11s is like:
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some of y'all aren't ready to accept that full sentence comments are based
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@FrankieIsLost
frankie
7 months
RWAs are the most egalitarian thing we've ever seen. the transfer of crypto-wealth to shoddy credit facilities for asset-backed motorcycle loans is insanely ambitious, and if it works, can really reshape the fabric of society
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@FrankieIsLost
frankie
1 year
onchain identity increasingly feels like an anti-pattern
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@FrankieIsLost
frankie
2 years
How do conferences work for anons? Do I wear a robot mask around for ETH Denver? My old Sushi coworkers don't know about this account...
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@FrankieIsLost
frankie
2 years
On a call with @mewn21 : Mewny: “Frankie, where did you grow up?” Me: “I grew up in *******, how about you?” Mewny: “oh sorry, I’m anon, I can’t tell”
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@FrankieIsLost
frankie
1 year
funny thing about MEV is that hundreds of thousands of hours of R&D effort have emerged as a direct result of users not wanting to spend 30 seconds setting correct slippage tolerance on their trades
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@FrankieIsLost
frankie
4 months
there's deep alpha in being able to correctly tune your skepticism in crypto--go too far in either direction and your odds of success plummet. a common failure mode for smart people is not being able to get this right and ending up blackpilled on the space.
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@FrankieIsLost
frankie
2 years
I was looking over the @paradigm_ctf challenges and they've been categorized into 4 difficulty levels: Easy, Medium, Hard, and Sam. Good luck to everyone playing today! 🫡
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@FrankieIsLost
frankie
2 years
A theory of meme accelerationism: crypto will increasingly compresses the timeframe between a meme's genesis and commercialization. My guess is we're about 3 days away from shape rotating NFTs or token-gated wordcel discords.
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@FrankieIsLost
frankie
7 months
launching a rollup today is more of a branding exercise than a technical endeavor (for the majority of cases). RaaS providers handle most of the complexity for you, and if you’re mostly running vanilla components, you can only really differentiate on vibes.
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@FrankieIsLost
frankie
2 years
Are you using Foundry yet, anon?
@0xtuba
tuba 🦈
2 years
@FrankieIsLost foundry changed my life. after rewriting my app in foundry, my girl texted me back and my father came back into my life after 20 years would like to thank all the contributors that made foundry possible (even @danrobinson )
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@FrankieIsLost
frankie
8 months
SVM rollups and the Elgin Marbles: In the early 19th century, the Earl of Elgin removed a collection of Greek sculptures from the Parthenon and placed them in the British museum. At the time, some Greeks justified the removal, saying that the placement of the marbles in such…
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@FrankieIsLost
frankie
9 months
maybe the real public goods were the generalized frontrunners we made along the way
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@FrankieIsLost
frankie
2 years
In most web2 jobs, the better you are at being an IC (dev, designer, etc), the faster you get pushed away from it. On the other hand, being an IC in web3 is so high leverage that this doesn't happen as much. Feels like an under-appreciated structural advantage for crypto.
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@FrankieIsLost
frankie
7 months
you either die a centralization risk or live long enough to see yourself become enshrined
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@FrankieIsLost
frankie
2 years
I saw the best minds of my generation consumed by madness (going Milady Mode)
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@FrankieIsLost
frankie
2 years
What is it about the Starknet ecosystem that has so far protected it from mercenary developers? Similar stage to other projects, but totally different vibes.
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@FrankieIsLost
frankie
2 years
It's remarkable that some people can recognize a wave of technological innovation happening, and think "The first step will change the world. But every inch past it is vapor".
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@FrankieIsLost
frankie
2 years
I hope you're enjoying anon
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@FrankieIsLost
frankie
5 months
a mev blackpill is that there's ~10 entities that could each single-handedly cripple ethereum if they decided to be maximally short-term value extractive. a mev whitepill is that somehow the system is still alive and well.
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@FrankieIsLost
frankie
8 months
I joke that taking ideas from cosmos and implementing them on ethereum is a better arb than the kimchi trade, but an important corollary is that cosmos teams themselves are often best positioned to capture this arb. With the rise of L2s there's a clear path forward.
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@FrankieIsLost
frankie
2 years
We've officially kicked off the C4 contest!
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@FrankieIsLost
frankie
9 months
seems pretty likely at this point that the transaction as the fundamental component of user interaction in crypto is the wrong model
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@FrankieIsLost
frankie
7 months
bull case for building on a SVM L2 on eth: for the first time in history, it’s possible to signal ethereum, solana and celestia alignment at the same time
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@FrankieIsLost
frankie
2 years
Wake up babe, new research engineer just dropped
I'm thrilled to announce that I've joined @paradigm as a Research Engineer, to help @matthuang , @FEhrsam , and the rest of the amazing team build the world’s best crypto-native investment firm.
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@FrankieIsLost
frankie
8 months
some crypto founders will know the ins and outs of every ethereum data structure but don't understand the basics of their own company's capital structure
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@FrankieIsLost
frankie
2 years
If smart contract devs blacklist certain marketplaces in their NFT projects, marketplaces can just change their UIs to allow sellers to wrap their NFTs and list them in a single transaction. It's a cat and mouse game and the only losers are users who are inconvenienced
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@FrankieIsLost
frankie
9 months
if you think builders censoring txs is bad, wait until solvers start censoring intents. you won’t even reach the builder unless your desired contraints on the state transition function are OFAC compliant.
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@FrankieIsLost
frankie
1 year
this is what deploying a smart contract REALLY looks like. this is what they don't want you to see when you simply "forge create". big DexEx wants to keep you in the dark.
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