Friday night in Asia so wanted to drop a
@_WOOFi update:
We deployed the new oracle (see quoted post) and switched over to it yesterday, observing results before adding more onchain RWAs. So far so good, it seems to be performing well.
Main improvement was faster stale pricing protection which is the major source of negative PnL from aggressive bots - the more that's improved, the more we can tighten up quoting and the more we earn, which is good for
$WOO buybacks.
We caught up with the major BNB Chain wallets/aggregators to make sure the new oracle was supported. They were quick, as always.
We also spent time talking to exchanges about the visual refresh, got the new icon on Bithumb and Bybit, hopefully a few more big ones soon.
Our next major R&D initiative is around bundling quotes which could make quoting assets even cheaper, potentially allowing us to deploy the PropAMM on Ethereum mainnet where a ton of untapped flow is.
Should know more here in a few weeks.
Anyways, I had Claude slop up an explainer video just in case some of you weren't familiar with how
@_WOOFi functions. It wasn't my best work, but for a one-shot it does the trick. Enjoy your weekend if you get one
A fresh start
We are still testing our new RWA oracle on BNB Chain, should have some results by midweek
Devs are researching new mechanisms to further reduce gas and bundle quotes to improve liquidity.
There’s no question more of tradfi is coming onchain, we need to be ready