Hey everyone 👋
Big week. Posted a series breaking down why exchanges are broken, from the physics of the trading pit to how front-running became structural.
Full thread here: https://www.linkedin.com/in/jaybny/recent-activity/all/
Due to demand from angels and traders wanting in at smaller check sizes, we've launched an SPV via AngelList. No minimum check size. Managed by AngelList. Round is open now.
Register to receive details: https://stack.angellist.com/waitlist/22f8d5c6-980a-4687-951e-e0afdfc7e563
DMs open.
The full story is live. 📄
What we built — and what the Proof Run will prove — in one doc.
A live, real-money scorecard: Sidepit vs the venues you already use, measured exactly when markets break. Priority you bid for, not win with fiber. Fair fills when everyone else gets blown out.
This is happening — here's exactly where we are 👇
https://gist.github.com/jaybny/cc15d7b342f0cf23e25e19737507703a
Proof Run next. DMs open for the latest deck.
🚀 Sidepit update — we're hitting our milestones.
Week one of the Proof Run is officially in the books. Real Bitcoin, real auctions, every day.
We put our Alpha Market Maker up against an aggressive taker — and the results are looking promising. The maker held.
See it for yourself:
📈 Day 1 — The Maker Holds: https://frontend.test.sidepit.com/proof/index.html
🗓 Week 1 recap: https://frontend.test.sidepit.com/proof/proof-run-week1.html
Today we push further — we start hedging live. 🟧
Next up: a skill that lets AI agents trade on Sidepit — we're capitalizing the hedge book and backstop for the flow.
Closing the Proof Round now — if you want exposure as the agent flow turns on, reply and let's talk. 🙏
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Alpha attracts liquidity. Liquidity attracts alpha. 🟧
Live hedging $btc — the final milestone - Results:
https://frontend.test.sidepit.com/proof/hedgebook-day1.html
Week two of the Proof Run, and Sidepit Alpha is live. With the hedge book, Alpha makes markets and captures the spread — and the taker can win too. In essence, OTC for professional speculators. A win-win.
Alpha printed: it made the market on Sidepit, hedged on the other side, and came out ahead.
We're almost done. 🟧
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The Proof Run is complete. ProofNet is live.
Agents are trading!
This week we shipped delegated trading keys. Your agent gets its own key, trades continuously, and can never withdraw. That restriction is enforced by the protocol, not by policy.
The SDK is public. Point your agent at it:
https://github.com/sidepit/Public-API
Release notes:
https://gist.github.com/jaybny/ef264044da2b7ee5762cd0dfb49f0627
Full end-to-end agent onboarding opens in August.
The proof is done. Now we scale. 🟧