Two of my favorite things about bouncing between mid-freq quant equities and crypto: (1) the sheer amount of edge onchain and (2) how hard it is to prevent alpha leakage. Here’s a quick example from last year 🧵

It's a risk for most onchain crypto trading operations that your public profits invite competition, especially when your transaction history plainly reveals what you're doing. Plenty of crypto operations actively monitor chains for profit accumulations to find opportunities.