Space Summary
The Twitter Space WSOT Wrap Up! hosted by OrderlyNetwork. The WSOT Wrap Up! space delved into the future of Omnichain Perps, highlighting the potential of asset flexibility, decentralized finance, and cross-chain interoperability. Through insightful discussions on Orderly Chain's role in enhancing settlements and transactions within DeFi, the event showcased the evolving landscape of asset tokenization and management. Investors and asset managers were offered valuable perspectives on the benefits of asset interoperability and the efficient trading opportunities unlocked by Omnichain Perps. As the industry embraces the synergy between asset tokenization and DeFi, Orderly Chain emerges as a pivotal player driving innovation and efficiency in decentralized asset management.
For more spaces, visit the DeFi page.
Questions
Q: What is the core concept behind Omnichain Perps?
A: Omnichain Perps aim to provide asset flexibility and interoperability across various blockchain networks and interfaces.
Q: How does Orderly Chain enhance settlements in decentralized finance?
A: Orderly Chain offers a seamless solution for settling transactions in a secure and efficient manner within the DeFi space.
Q: Why is asset interoperability crucial for the future of tokenization?
A: Interoperability ensures that assets can move fluidly across different chains, increasing accessibility and utilization.
Q: What role does Orderly Chain play in the evolution of decentralized finance?
A: Orderly Chain is pivotal in bringing efficiency, security, and seamless transactions to the DeFi ecosystem.
Q: What benefits do Omnichain Perps bring to investors and asset managers?
A: Omnichain Perps open up new possibilities for managing and trading assets across multiple chains, offering flexibility and efficiency.
Q: How does WSOT Wrap Up! shed light on the future of asset tokenization?
A: The event provides a comprehensive overview of Omnichain Perps and their potential in revolutionizing asset tokenization and management.
Q: What opportunities does the intersection of asset tokenization and DeFi present?
A: The convergence of asset tokenization and decentralized finance creates new avenues for investors, enabling efficient asset utilization and trading.
Q: Why is cross-chain compatibility essential for decentralized asset management?
A: Cross-chain compatibility allows assets to transcend individual blockchain limitations, promoting wider adoption and use cases in DeFi.
Q: How does Omnichain Perps contribute to asset flexibility and management?
A: Omnichain Perps provide a flexible solution for managing assets across different blockchains and interfaces, enhancing accessibility and usability.
Q: In what ways does Orderly Chain address the challenges in DeFi settlements?
A: Orderly Chain tackles DeFi settlement challenges by offering a secure and efficient platform for processing transactions within decentralized finance networks.
Highlights
Time: 00:14:27
Exploring Omnichain Perps Diving into the concept of Omnichain Perps and their role in asset tokenization.
Time: 00:25:49
Orderly Chain's Impact on DeFi Understanding how Orderly Chain is revolutionizing DeFi settlements and transactions.
Time: 00:36:11
Future of Asset Interoperability Insights into the evolving landscape of asset interoperability and cross-chain compatibility.
Time: 00:47:35
Innovations in DeFi with WSOT Wrap Up! Exploring the latest innovations in decentralized finance through the WSOT Wrap Up! event.
Time: 00:59:02
Efficiency in Asset Management Highlighting the efficiency and security benefits of utilizing Orderly Chain for asset management.
Time: 01:10:17
Securing DeFi Transactions Discussing the importance of secure transactions in the decentralized finance space with Orderly Chain.
Time: 01:22:45
Cross-Chain Asset Utilization The benefits and opportunities presented by cross-chain asset utilization and interoperability.
Time: 01:33:59
WSOT Wrap Up! Insights Gaining valuable insights into the future of asset tokenization and management through WSOT Wrap Up!.
Time: 01:45:12
Tokenizing Assets for Efficiency Exploring the efficiency and flexibility provided by tokenizing assets across multiple blockchain networks.
Time: 01:58:23
Decentralized Finance Revolution The transformative impact of decentralized finance innovations like Omnichain Perps and Orderly Chain.
Key Takeaways
- Omnichain Perps offer asset flexibility across multiple chains and interfaces.
- Orderly Chain enables seamless settlements and transactions in the decentralized finance space.
- The future of asset tokenization is evolving towards cross-chain compatibility and accessibility.
- Innovations like Omnichain Perps are reshaping the landscape of decentralized finance.
- Interfacing with any chain opens up new possibilities for asset management and trading.
- Orderly Chain's solution brings efficiency and security to decentralized financial operations.
- Asset interoperability is key for widespread adoption and efficient asset utilization.
- The WSOT Wrap Up! provides a comprehensive look into the potential of Omnichain Perps.
- Exploring the intersection of asset tokenization and decentralized finance offers new opportunities for investors.
- The Orderly Chain ecosystem promises a new era of decentralized asset trading and management.
Behind the Mic
Introduction by Speaker 1
Sadeena. Sadeena. Sadeena. What's happening? I love that trippy music to get the spaces started. Thanks, everyone, for joining. We're going to get going soon. Give us a minute or two and we'll kick this off. It. Ladies and gentlemen, boys and girls will be with you in 1 second. We're just waiting for the man, the myth, the legend, altcoin sherpa to get logged on, and then we'll kick things off in short order. Was that an order pun, drew? I'm going to say yes, Arjun. I'm going to say yes. Thank you. Take it. Yeah, I'll take it. It's like when we announced our otter mascot on international otter day and everyone was asking our team if we did that intentionally, and I told the team, we say yes to that answer. Of course, everything is intentional here. All right, I'll tell you what.
Commencement of the Event
While Sherpa gets up and running, I'm going to go ahead and get things rolling because we have a couple, I believe, of the Kols who participated in the event joining us. And oh, there's Sherpa. What's up, man? Invited to speak. All right, let's do this. Everyone, thank you for joining us. Appreciate you. As always, we have a robust lineup for you to celebrate the conclusion of our first ever edition of the World Series of trading crypto championship. Some of the most elite traders in Defi battling out for a total price pool of $175,000 to see who is the top dog when it comes to crypto trading. A reminder for audience listening today that there is a $200 USDC reward for the best recap of today's session. So if you're out there listening and want to make an easy buck, we'd love to see your recaps on Twitter. We always really enjoyed them.
Audience Participation and Insights
So let's see. Is Sherpa up to speak yet? Let me just invite him again. While we're waiting for Sherpa to get on Arjun, I'm going to turn it over to you. Ladies and gentlemen, Arjun needs no introduction, CoO of orderly network and the brains behind how WSOT came to be. Give me a quick take. Arjun, what were some of the things that stood out to you in terms of the traders, things that evolved during the four week competition? Good. Good question. I'd probably just highlight definitely not the brains behind it. There was a lot of people involved, a lot of moving parts. I don't think the competition would have been anywhere without every single person on the team. But inception of idea with a couple of good stakeholders at orderly came through my side.
Reflections on Trader Strategies
But realistically, it was our growth and marketing teams that actually put everything together. So big kudos and credit to them in terms of things that surprised me, maybe my naivety, right. The first thing that I actually thought I was going to see is these guys run up like ten k to like one hundred k, five hundred k a million. But maybe that's just my like crypto Twitter echo chamber where you're always seeing these like crazy p and ls and stuff like that. And over the course of the four weeks, I spent a lot of time talking to different traders. And I think one thing that stood out to me, which in hindsight makes a lot of sense, right, like, these guys are professional traders, they know exactly what they're doing. They're not, you know, it's not sustainable to spin up an account from ten k to a million over the course of a, of four weeks.
Understanding Professional Trading
And something that Cl actually said to me that he was saying that he was sticking to his day in, day out trading strategy to be healthy. Anything that has extreme, significant returns is just gambling. And I think that restructured my viewpoint in terms of like, oh wait, this is your day to day job. Of course you're not gambling. It needs to be sustainable, it needs to be accurate. And I think from there, especially during the sort of like super volatile week three, where we see, where we saw a lot of liquidations, seeing some of those guys like, manage risk trade and not trade during certain times, the assets they were trading, all of these different things, I found super interesting.
Trader Interactions and Feedback
Majority of them were sticking to majors, which makes a lot of sense and is obvious, saw other people taking more like narrative based plays. Like, I saw Nanny XBT, sort of longing, pepe and doge at the end of week three, maybe looking for some sort of like bounce with meme coins, which typically move quicker or bounce faster in these markets, at least this cycle anyway. So there are a lot of different things that surprised me. Other things that surprised me as well were, and this is a big benefit as well, was how active the traders were talking to each other, the type of positions they took. And honestly, the feedback that they got from us, that we got from them, was some of the better things, whether it's feedback on the actual competition or feedback on our product and so forth.
Conclusion of the Trading Experience
So lots of really great insights. And it was really overall positive from my side. Yeah, it was a roller coaster. I want to ask the same question to our official MC, the one, the only altcoin Sherpa, who was sort of like, if you guys ever played Mario Kart, the little turtle in the cloud that kicks off the race, all the real audience gets this analogy. That was Altcoin Sherpa, who was there hand in hand to give us his commentary. Sherpa, what did you think? What caught you by surprise? What was the most thrilling moments for you? Can you guys hear me now? Yeah, loud and clear. Awesome. Fantastic. Yeah. Thanks, guys, for hosting me.
Sherpa's Reflection on the Competition
I thought it was a really fantastic competition overall. It was really fun to narrate and it was really fun to just be an observer, kind of like a fly on the wall, and I was able to see, like, a lot of the stuff on the back end. I thought it was just a really great experience overall. And I think that the traders all did fantastic. The overall market conditions were really tough. And, like, that was both evident in the results, but it was also evident just from talking with people. I mean, like, you have all of these professional traders, all these guys trade like, you know, really big size. And, like, I know that, you know, maybe they weren't necessarily taking this competition as seriously as they would maybe like, their own trading book, but regardless, you know, you still saw a lot of, like, liquidations.
Market Conditions and Performance
You still saw, like, a really choppy environment, and you really only saw two profitable traders, or, you know, very few over the entire course of the competition. So I thought that everyone did really well. But, like, this competition actually, I think would be a lot different if this happened, like, during December when, you know, typically seasonality, the market is a lot better in like, December or January. Arjun, you might have actually seen these guys do like, five x on their account pretty quick, I think, you know, as they ramp up the risk and, like, the overall market conditions are just better. Yeah, totally. You know, we got a couple of the traders in the competition who are one is Jordy. Jordy, are you there? Are you able to speak?
Engagement with Participant Jordy
Let's see if Jordy. I think Jordy might be. Hey, how's it going? Hey, Jordy, what's up, man? Good, good. Hey, I'd love to pick your brain as to strategies or perspective as someone who's actually battling it out during this competition. Yeah, there was a lot of strategy because it wasn't like an absolute p and L, like, who's gonna get the highest PNL? It was like, who's gonna do well, like, over many weeks separately, like individual games. And I would say it's kind of analogy between, for all the poker players, like, playing cash game where you're just trying to get the most dollars at the end, you know, versus like a tournament where you're not going to end up with any chips if you get second.
Early Strategy and Competitors
We got thiccy, we lost thiccy early. But I think my strategy was there's, I think it was like twelve or 1314. I don't know the exact numbers started but I'm just playing for first. So like 1st, 2nd Max because you don't get any prizes after that really. So I wanted to play a high variance strategy, otherwise there's no point just being in the middle. And I think Defi squared and Su were the ones that really got the ball rolling early on. So I was third after the first week and kind of tracking them. And you have to adapt to the other players. So it's not about just trading and trying to trade well like the way I did it was I tried to like see what positions they had and you know, if they're long maybe I want to go short. Like I just try to have like a different strategy than them of course, like you know, get good entries and good exits.
Competition Dynamics
And then at some point were both doing so I think like Defi squared two and I were all doing so well, we had to just play against each other and just like leverage up and who's going to leverage the most. And I think Defi squared got liquidated. So that was my experience early on. That's super interesting. I didn't even really think about that. To the degree to which you are kind of, you're not playing in a vacuum, you're seeing the other competitors strategy and you want to differentiate yourself. Jordy, if I could ask one more question it would be like is there a trade or an idea you had that you regretted that you wish you could have a take back on? So I mean obviously we had the huge crash in the middle where I think Eth went from 3500 to like way below 3000.
Reflections on Liquidation and Trading Strategy
I think me and Satstart who both ended up kind of, you know, getting some prize, we realized that you don't want to get like fully liquidated. You want to at least like keep some chips so you don't want to go like absolute zero. You want to have something to rebuild on the, and I think we both had a stop around with like $1,000 left or $2,000 left. And we kind of did something with that at the end. I think I regret maybe not keeping a bit more because it was hard to compete at the end with less. So I think I would have had a stop loss maybe a little bit higher, even if it meant getting stopped out earlier. Yeah, that makes sense. I see cl on the line. Cl, another one of our esteemed traders.
Perspective from Cl on Trading
Cl, are you there? Yeah, what's up? Hey, what's up, man? I was just kind of curious to get your perspective as one of the traders battling it out. How do you feel things went from your end? Any trades that you wish you could have doubled down on, you wish you could have not done? Not really. Wasn't fighting any battles. Just doing my usual thing. Yeah, yeah. Tell me about the market. Do you feel that four week stretch, was that, did that give you any issues? I think Alcoin was saying maybe if we'd done this in September, the trading and the outcome would have been a different story. Did the market turns give you any issues or was that just part of the life?
Market Challenges and Trading Preferences
I, I thought it was kind of. Okay. I've done worse when the market has done nothing. and, yeah, yeah. I don't really leave my positions up, like, overnight. I think, yeah, very, extremely rare. I've done it only a few times in my entire, like, trading career. Also, I just woke up some. Sorry. And, yeah, since I don't leave positions up, it's like, I usually never get hit by these, like, 10% plus moves. But, yeah, sometimes I still try to fit in, be like, shit, I own so much spa. Fuck. But, like, yeah, usually I do tend to avoid large drawdowns.
The Last Day of Competition
Hey, let me just jump in, cl, with a question for you. I had a little insider on the last day of the competition, and he said he saw you guys grinding in the office for the last 12 hours straight. What was the last 12 hours like? What were you guys pushing for? Was there any specific tactics you were trying to do? Were you just trying to. Trying to. Trying to out trade Satstar? How was that? Oh, yeah, we, yeah, there's, something happened, but we ended up just winning on pure scale, or at least I didn't win, but I thought I did really well. But I think maybe some of the snapshot timings were unfortunate plus or more fortunate for specific traders.
Trading Strategies and Market Timing
And then honestly, I didn't really, like, play it, like, for the snapshot timings. So maybe I should have, if I actually try to go for it. And then, yeah, I think, well, I actually don't know how to trade in any other way, so I don't know what I could have done, actually, because, like, I only know how to sculpt, like, very small moves. So. So, yeah, that's all I did toward the. Yes, doing the whole thing. Well, kind of related to that. So I battled rhino, ended up winning the whole thing. I'd open this question up to anyone on the line.
Insights from Rhino's Strategy
What did he do? Like, Sherpa or anyone else? What was sort of the keys to success that you guys saw? Yeah, I can take this one, because I talked with Rhino earlier today. I was just asking him some of his strategy and kind of insights, like, from the back end, from my perspective, one thing I noticed about ibattle rhino was that he also had a similar strategy to cl in the sense that whenever were looking at snapshots and, like, open positions, he never had anything open. So, like, I think he was just in and out. And he said that was actually, like, not his usual style of trading.
Trading Styles and Patient Strategies
He's, like, usually likes to hold positions longer, but for the competition, he was much more, I think, in and out of trades, you know, much quicker timing. I also think that rhino, he had an interesting strategy in the sense that, like, if you looked at week one trading volume, he really wasn't really active at all. He kind of just waited for people to get liquidated, which eventually happened. Like, think he got liquidated on day one and, like, you know, timeless. Went out pretty quick as well. Like, everything was pretty volatile and rhino was just in and out.
Market Timing and Volatility
But like you said earlier, drew and Arjun, everyone just kind of traded majors for the most part. But, yeah, I mean, I think rhino was just. Was just patient, and he just kind of waited until, like, market conditions are just better for his training. But that's kind of my take from. From talking with him. And, you know, he also had some, like, overall thoughts on, like, the competition's, like, structure of it. But we can maybe talk about that later if you guys want, as well. I'm actually. I'd be kind of curious. What. What was he saying about the competition structure?
Discussion on Competition Structure
I mean, we all had this kind of debate, like, early on with regards to, like, you know, point system versus, like, pure P and L, obviously, like, with a larger group of people. Like, you know, say, like, bybit has a trading competition with, like, thousands of participants. Like, pure P and L is going to win that all day, right? It's like, you don't have to really adjust for anything. It rewards, like, being a degenerate and just, you know, just trading a lot and what have you. But, like, when you have, like, a smaller competition where you want, you know, you want more, like, engagement, promotion, you kind of want, you know, you want more activity and maybe not necessarily someone just, like, hitting like a really big banger trade and just like, sitting out.
Competition Mechanisms and Engagement
I think that, you know, points are definitely consideration.
Discussion on Performance Metrics
But rhino did say that, like, you know, he cared more about p and L and, like, he also thought that, like, you know, it is a little bit wonky in the sense that, you know, our top three Jordan sats were also, like, negative on the account and, like, cl was, like, not in the top three, even though him and rhino were the only ones that were positive p and L. So, like, you know, we'll have to think about some sort of considerations in terms of, like, you know, maybe negative P and L or, like, multipliers or, you know, some point bonuses for different things. But all in all, I think that, like, the first. Our first go was, like, pretty good. Like, I think that everyone had a pretty good time and the overall structure was pretty exciting near the end, but that's kind of my take.
Evaluation of the Point System
Yeah, I think the best part about the point system is that it forces people to actually be good or, like, have some kind of performance in every week. So that's really strong for, like, if someone just get, like, really degens on week one and do, like, get a big balance, they. They still have to, like, make money on, like, other weeks. So, yeah, I thought. I still think it's a decent system, but maybe like, something like, there's like. Yeah, like a reverse point system for, like, by P. Like, by negative p and L. If someone's, like, ranked rank three worst piano, like, they. They should be detected or something. That's a cool idea.
Perspectives on Game Dynamics
Any thoughts on your end, Jordy? Yeah, I think that's. I just hard disagree. Like I said, like, in a World Series of poker, if you get second place and you make $8 million, no one's like, oh, but you didn't keep all the chips at the end. Like, the point is kind of, like outlasting the other people and getting more kind of points on them. So I'm a strategy player. I played, like, a bunch of board games at a high level. And for me, it's just, like, very strange, too, because it's not like the World Series of asset management and who's going to have a sharpe ratio over twelve months, maintain wealth. It's just like, here's some play chips. I mean, I treated them as play chips, you know, ten k.
Trading Experiences Shared
Okay. it was like, just try to get points with. Yeah, yeah, I hear you. Well, I mean, for the people out there who don't know yet. Yeah, I actually never thought about it from that perspective, I guess, from, that perspective, if that could make sense. But yeah, I do think, like, that does kind of matter in trading though, right? Like, I was like, if a trader, or I guess that could be like another, like a different conversation if someone has like volatile balances or not. But yeah. That it like resets and you just don't have to worry about, you know, like p and l from previous weeks. But I thought it was like, much more fun with the structure. And like, for me, even though I didn't win at the end, it was like so exciting, like in the last hour because we got a snapshot 1 hour before and I needed to be top three and I was fourth.
Final Thoughts on Competition
And like, everybody had to gamble with each other. And I think like, if the price of eth was like up or down by like a couple dollars, it would have been a completely different outcome. So that was like, so far. Rhino said at the end that he was like mega Degen. I think he had like a like, position or something off, you know, pretty much nothing. And he said like if it moved just a little bit, then it would have been, it could have been bad. But yeah, he was like Max Djen, you know, at the end there. Yeah, I mean, hey, this is our first one. Yeah, it was an experiment, so I think we're always going to have to learn and take the lessons. Yeah, well, I mean, this is our first one and we're planning another one next year, so definitely something we'll incorporate moving forward.
Advice for Traders
Hey, speaking of Degens, I'm curious, since we have some of the world's top traders on the line, you guys got any trading tips or anything that you think people who are just trading in their sort of personal capacity, who are listening to the spaces, any sort of advice or any other tips you might want to give them while they're on the line? I'll go cl or Jordy, any advice for the, for the Joes out there, so to speak, from the pros? I'm curious of what Jordy would say. Maybe I'm realizing he actually have a trades extremely different from me. So. you know, it's a very general question. Obviously you could do like a tire five hour course.
Insights on Trading Strategies
I mean, I look at funding rates a lot. Like, I made some money in the last week trading sui, which had kind of like run up and, you know, crypto, Twitter was trying to push this questionable narrative, in my opinion, but the funding rate got very negative and it showed that there were some trapped shorts. So from a purely trading perspective, you know, you had to be very careful. It was probably going to like, liquidate some shorts at some point, which ended up happening. It like ran from ninety cents to one dollar, ten cents, and then it presented a good opportunity after. But the funding rate resets only when the shorts are sort of liquidated.
Reflections on Trader Conversations
And, yeah, that's like one thing that I keep an eye on that I can give as advice, at least. That's super interesting. See how. What do you think? You were saying that maybe your strategy is a little different? No, I think, I think he was more flexible in that he, like, due to the layout of the competition, which I didn't think of as much. I just did my usual thing. He like, played it more like, optimally for the rules, which I don't really have a flexible trading style. Like, you can't force me into like, holding a long term position, and I haven't really traded in like a very long time, so I just did my usual thing and, like, the sui trade was interesting and I.
Conclusion on Trading Insights
Yeah, I've always been like a big believer that, like, funding rate is like, still a very useful indicator of positioning. Like, it's pretty rare that unless if it's like going into an on lock where then the funding rate prices in some sort of like eventual spot, like realignment. Otherwise, I do think funding rate is like decent alpha. just note that, even if, like, funding laugh, like, the funding gets really extreme, it can still like, go against the, like these traders and stuff. So. Yeah, still always have risk management, no matter, like what, like how obvious a trade could be.
Advice for Retail Traders
I think one observation I had, like, kind of just on the back end was just really seeing that look for, I guess, advice for like, average or just regular retail traders is that everybody, like there's a thousand ways to skin a cat. Everybody had different styles of trading. Some people were in and out. Some people had like, longer term trades, other people had like narrative driven trades where they had like, more fundamentals base. You know, they thought something was underpriced, whereas other people were just kind of going with momentum. I think that as a retail trader, you really just need to find like, what works for you and how you interpret information the best.
Final Thoughts on Trading Styles
And all these guys, as I said, were like the professional traders. They, you know, they trade like millions of dollars and all of them had different strategies, like different holding times, different coins they traded. I think that it's really just important if you are a retail trader wanting to like think about your edge, just figuring out like how best you interpret information and how you best figure out your own trading style. I think that's pretty important. 100% Sherpa. I'm kind of curious for Cl and Jordy about the platforms you use, you know, so we split up the traders onto different builders on the orderly network.
User Experience Feedback
How did you find the UI? How did you find the experience? Was it workable for your style? I'm just kind of curious about that granular experience you had. Hello? Is space working or is it complete silent? Test one. Test two. I can hear both you guys. What it's worth, Cl, can you hear us? All right, I think I can hear. You guys as well. Yeah, I think Cl might be having connectivity issues. How about you, Jordy? Were there any experiences that you had on, like your, on the front end user interface that you found conducive to your style or any other feedback you can give us a.
Reflections on User Interfaces
I mean, yeah, first of all, thanks to the different front ends, the different sites for putting in the starting chips for everybody, that was appreciated. I mean, for me, I guess if you have nice charting and you can kind of change the different time periods easily, not like a big technical analysis guy, but if I can just see clearly the recent action and then I can zoom out and look at the resistance levels.
Initial Assessment of the Tournament
So that worked fine. The charting was totally fine. That's the most important thing. And some of the basics are sometimes getting wrong. So thankfully there are none of the basics. You can always see your positions, you can see your pending orders and cancel them. So all of that was fine. Yeah. Okay.
Challenges Faced
That's great to hear. Arjun. On the back end, I'm kind of curious, what were the most challenging aspects in terms of getting this whole thing going? Like what, you know, as behind the scenes, what were some issues that you personally felt we needed to kind of adjust for any perspective from? So the orchestrator of the tournament, honestly. I think overall it went pretty well. Like Sherpa kind of referenced. Right? Like it was a good learning experience. It was the first one we did and went big with it. Right? Like we could have done maybe like a smaller campaign, but we wanted to go hard and make this a really big deal. And with that comes its own, like, learning experiences. Right. Like different feedback from the traders in terms of, you know, like, timelines, an important one.
Operational Feedback from Traders
Some timelines worked for them. We had a couple of traders that were on holiday for the first week, which made it tricky. But then based on the point system, they kind of had to get involved as quickly as possible. Only a couple of trades were needed when some people got, when Thicci got liquidated. So you could kind of gain some points quite quickly with a couple of trades, other things operationally like that. We went into it knowing that we needed a live leaderboard I think was probably essential. I think Cl mentioned the different timestamps for the updates and how we could potentially play into that, but he wasn't really looking at that, and maybe some others were. I think a live leaderboard would have been important and definitely something we are going to push for World Series of trading number two.
Overall Assessment and Key Learnings
The rest of it was like, you know, relatively seamless. There were maybe at times back end operational pieces that we wanted to fix and align. But I think that honestly, the team did such a good job, internally orderly of just everyone knew what they were doing within a couple of days, even if those operations weren't moving in the right direction the next day, everything was smooth. So broadly, I think we just took a lot of learnings. We moved fast. We've got a bunch of really good feedback from both the traders in terms of the quality of the product, where we need to improve, what they want to see, how they can trade more and orderly, what the builders need to do to enhance the user experience and the onboarding. And then we have a bunch of feedback of how we can really change and adjust. World Series of trading number two. And I think for us, that's one of the key pieces. We want to keep this train running.
Future Plans and Community Engagement
We want World Series of trading to be as big as possible. We want it to be. And the thing that I loved about it, actually, I would say, is when we announced it, there are a bunch of traders that were kind of like, what's going on here? Why aren't I in it? Why were these guys invited? Blah, blah. And I kind of like that because that shows big appetite for these coming in for. It was an invite only based tournament, but there's a big suite of traders that are looking to get into the next one and showcase to their audiences what they can do. Maybe that's an ego thing. I don't know. Maybe they just want to be involved. But, yeah, overall, everything ran very smoothly. But we have a huge amount of great feedback that we can double down on and make the next one even bigger.
Closing Thoughts and Highlights
Yeah, 100%. Okay. Well, I've been learning a ton as we've been going. Taking down notes for my own personal trading Sherpa, Cljev Jordy, any concluding remarks? Anything we haven't touched on the tournament? I mean, congrats again to rhino. I think the point system was good. I like the fact that it's like Grand Prix. It did remind me of Formula one, because in Formula one you also have situations where the leaders are trying to pass each other and they go so hard at each other they end up crashing and somebody else comes by that was going like, you know, slowly behind them and just passes everybody. So that ended up happening. I think, like, a lot of the early front leaders just, like, crashed into each other and I think that was like. It was just like really fun and interesting. So I enjoyed it.
Final Reflection on the Tournament
Awesome. Rip thickey co or sherpa, any last thoughts on your end? I mean, thiccy had the right idea. Who's shorting world coin. I like on day one, he was just too early on the trade. Like, would have like, done pretty well, you know, eventually. But anyways, I had a really good time overall. Just like, in terms of just seeing what's happening on the back end. Really like talking with all the traders, you know, learned a lot. I think format will obviously have to adjust it a little bit going forward in terms of thinking about, you know, how. How we can better marry overall top p and l with like points, you know, but, like, I definitely think the points is good for sure. But no, overall, like, I really enjoyed the competition overall and really excited for the next one.
Community Collaboration and Future Events
Awesome. Yeah, yeah. No one's willing to. I'm totally down to like help commentator judge the next trading call. Awesome. Okay. Yeah. Yeah, man. Am I stealing your job? No, no. Let's do it together. It's all good. Okay. Good job. Well, guys, it's been a pleasure. I know it was a blast following everyone as they battled it out, especially when the market, it was a little choppy like that. So thanks so much to Cl Jordy, alcoin, sherpa, the entire orderly team for participating in this reminder, again, for the audience, $200 USDC recap for the prize for the best recap of today's spaces and gentlemen, it's been a pleasure. Thanks so much for joining and sharing your perspective.
Gratitude and Acknowledgement
Thanks, guys. Appreciate it. Thanks also to Jordy and Cl for joining us. We really appreciate the fresh commentary from the participants. It was really good stuff. Appreciate it. Thanks, Gus.
