Loracle said on X that it wants Robinhood CEO Vlad Tenev to coordinate market makers to add liquidity to the PONS/USDG market on Lighter. The request comes after Loracle had already set up a related trading vault on Lighter and used an off-chain keeper to execute trades.
Loracle said the market had quickly reached the safety open-interest limit it set, so the vault would build its position gradually from here. Data cited from Hyperbot shows Loracle still holds a roughly 27.75 million PONS 3x short position. That position is valued at about $21.77 million, with floating losses of more than $3.3 million.
The post centers on liquidity conditions in the PONS/USDG market and the pace at which Loracle can continue building exposure under its own risk limits.
Loracle said in a post on X that it wants Robinhood CEO Vlad Tenev to coordinate market makers to add liquidity to the PONS/USDG market on Lighter.
Before that, Loracle had already set up a related trading vault on Lighter and executed trades through an off-chain keeper. The project said the market had quickly hit its preset safety open-interest limit, and the vault will build positions gradually going forward.
According to Hyperbot data, Loracle still holds a roughly 27.75 million PONS 3x short position, valued at about $21.77 million, with floating losses of more than $3.3 million.
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