In late October of 2021 a liquidation popped up on something called the unit protocol (a cronje defi farm) It was a $26m position, the liquidation bribe was $2m in tokens and the protocol though the position was worth $5 because the team had fucked up and only set a single oracle source which got corrupted I was like wtf this can’t be real (I think they were slow rugging by selling into that pool and self liquidating in the process? No clue) Anyways, I was working for a fund at the time and because of this I had the native stablecoin in the fund wallet that I was trading with, this is the only currency that liquidations could be bought in… I didn’t have any on my personal wallets Obviously I had to be fast, this was an insane arbitrage, by % terms certainly in the largest echelon the world has ever seen Not sure how it even lasted 10 seconds, but I tabbed out of Apex legends and hit the proper buttons and 51 seconds later there was over $2m of tokens in the wallet for a cost of $5 Now, my boss promised me half of the proceeds from the sale of those tokens, on top of the additional bonus I was getting for helping him run up his portfolio from $8-$50m But we disagreed on what to do with the tokens. He wanted to stake them, I thought we should obviously sell them all He said we would do half and half Sold half, staked the other half, obviously they went to fucking zero Then the entire market rugged (a week after I told him to start exiting everything) His portfolio started getting crushed He rugged my Christmas bonus, fired me, and accused me of trying to steal the remaining funds In the meantime I had spent and given away basically all the money I had in the world because I was operating under the assumption of a multi 7 figure stimmy come EOY In the end his company went bankrupt, he had to liquidate everything, I watched it zero in real time on chain lol After this every liquidation book became extremely competitive and bots started destroying any previous there’s actually a banteg tweet about it from 4 years ago. You can go look it up

@KPeruggi Too much adrenaline lol