some personal news. we're now accessible to over 150 countries. 💸 add funds wherever you live in the world 🫰 cheap minimums 🛂 minimal KYC 🥲 and no crypto experience required. we've integrated @fun so that anyone can onboard funds in app... in seconds

Builders integrating Lighter can now enable deposits through @fun's Universal Deposit Address. With a single API call, Fun handles deposit routing and settlement to Lighter. Simple deposit infrastructure with best in market fees, built for any Lighter integration!

On recruiting great ppl: - great people are (a) rare, and (b) always have tons of options - therefore once you decide a candidate is great you cannot hesitate or delay. You must drop everything and rearrange heaven and earth to get them - there are small things (sending flowers), medium things (comp), and big things (their identity and dreams) - you want the barbell strategy-- put all your energy into small things and big things. Leave medium things till the end Small things: - ppl massively underestimate the power of small gestures. TL;DR: love-bomb the candidate - spend more time than money. Expense accounts are abundant but time is scarce. It's an expensive signal no one can fake - stay in close contact over text and phone - send them a first edition used book or an analog oscilloscope or some other random thing they mentioned in passing they like. Make these unique, everyone sends wine - invite them to computer history museum or moma or something. Spend time with them! Treat these meetings as dates, make them unique. Everyone buys dinner - be persistent but not annoying. Sometimes ppl need time alone, you should respect that. Big things: - there is a gap between what the candidate is doing in life and how they see themselves in the privacy of their dreams. Your job is to help them bridge this gap - to bridge the gap you must first understand it. Take the candidate on walks to museums and parks. Walks help the candidate drop their guard so you can learn about them. Try hard to get to know them, to understand their dreams - use your mission, your culture, your people, your company to paint a world for them in which the gap no longer exists. You may need to adjust the role or even change it altogether. For great ppl it is worth it - don't assume ppl want what you want, dreams can take all kinds of shapes. Maybe they want their work to matter, maybe they want a bigger team, maybe they want to code and avoid meetings, maybe they want to be in the center of the action, maybe they want to learn, maybe all or some or none of the above. Find out! Medium things (aka closing): - you've constructed a world the candidate is excited to live in. The purpose of this phase is to remove mundane obstacles to make this world easy to enter - I don't think I ever sold a candidate on a dream and then lost them on comp. Ppl just want to be compensated fairly and work out some life constraints - I don't have much to add to all the comp advice out there. My philosophy on comp/closing is to get this part done and move on, don't penny pinch too much, and give more equity --- Failure modes/don't do this: - do not ignore candidate's spouse/parents. They have an outsized role in the decision. Most of what I said about the candidate applies to them too (love bomb them, understand their dreams, etc.) - counterintuitive, but do not talk about the company or even the mission too much. The candidate and their dreams are front and center. At this stage you, the role, the mission are only relevant to the degree they can make candidate's dreams come true - same w/ perks, what the day is like, etc. Don't blindly talk about these-- use them as tools to reenforce how the candidate seems themselves - don't get mad if ppl reject you, it happens. Maybe it's not a fit for them now but will be a great fit four years from now. Maybe they become a customer. Maybe you work for them ten years later. Play the long game.

Crypto vendors hide fees in creative ways. Let's break down how these flows actually work. First, to be clear, Polymarket has: 1. The lowest fees. 2. The fastest settlement. 3. The highest limits. Here's how. First, how do most crypto orchestrators work today? A user attempts a trade. The orchestrator scans the market for the "best rate," picks a route on the user's behalf, and executes. Sounds great. So what's the problem? Issue 1) Markets are dynamic, and pricing can be poor If you rely on orchestration alone, you will give users bad pricing at some point - markets aren't always efficient. USDT to USDC trades at a floating market price, not a fixed one. As of writing, depositing USDT on Hyperliquid carries an 8.7bp markup & Relay costs 15.5bp. The same transaction on Polymarket costs 5.5bp. The bigger the transaction, the worse pricing gets. A $10M USDT deposit through an orchestrator means brutal slippage, slow settlement, or no quote at all - funds stuck. And it is worst exactly when it matters most. Markets dislocate hardest during high volatility, so users get their worst pricing during a big airdrop, election, IPO, or sports game. To give users a good experience, someone has to eat the cost when markets aren't efficient. Apps will say "we have zero fees" - but when markets dislocate, retail gets their face ripped off. Btw – it is not possible to offer 1:1 USDT to USDC for deposits & withdrawals in any size without be arbitraged. Issue 2) Most bridges can't guarantee SLAs Say a user is depositing $10M into Polymarket. Try any leading router rn and you'll struggle to find a quote for a $10M USDT transaction. Should those transactions just get stuck? What happens during the Super Bowl, when everyone bridges at once? We've seen liquidity on major bridges drop below $50k. Should users just not be able to deposit? What happens when rebalancing goes down on a major chain? It happened to BNB recently - funds couldn't get off the chain. Should every BNB user eat 1h+ delays? Every cross-application bridge (i.e., ALL bridges today) is exposed to these failures. To give users a good experience, you need an app-specific bridge with real capital behind it - in Polymarket's case, >$10M dedicated to instant transactions for its users alone. Apps will say "we can bridge from any chain" - then fall over when markets dislocate. How does Fun + Polymarket solve this? Fun + Polymarket routing combines three capabilities: 1. An OTC desk. 2. A world-class aggregator. 3. An app-specific bridge. The result: 1. Best pricing from Relay, Across, LayerZero, CCTP, and others - at all times. Thanks to our relationships with Polymarket, Aave, Lighter & others Fun is one of the largest transaction originators in crypto. This size enables highly preferential pricing. 2. Fun steps in and takes the loss if routers can't deliver SLA-level pricing. 3. Fun holds $10M to fill the transaction if routers can't deliver the size. This thread doesn't even mentioned the other infra to make crypto tx's great: transaction retries, gas retries, slippage monitoring, broad token & chain support, fast pickup times, RPC fallbacks, streaming fallbacks, and more. @Polymarket and @Fun have iterated on this tech for two years. I'm proud of the work, and grateful for the partners we've built alongside. I admire what the Kalshi team has built - this isn't a hit piece, and John is well-intentioned. But it is simply inaccurate to imply Polymarket has inferior crypto rails. Polymarket supports larger orders, faster, with tighter settlement and greater uptime than any other crypto platform today.

Crypto vendors hide fees in creative ways. Let's break down how these flows actually work. First, to be clear, Polymarket has: 1. The lowest fees. 2. The fastest settlement. 3. The highest limits. Here's how. First, how do most crypto orchestrators work today? A user attempts a trade. The orchestrator scans the market for the "best rate," picks a route on the user's behalf, and executes. Sounds great. So what's the problem? Issue 1) Markets are dynamic, and pricing can be poor If you rely on orchestration alone, you will give users bad pricing at some point - markets aren't always efficient. USDT to USDC trades at a floating market price, not a fixed one. As of writing, depositing USDT on Hyperliquid carries an 8.7bp markup & Relay costs 15.5bp. The same transaction on Polymarket costs 5.5bp. The bigger the transaction, the worse pricing gets. A $10M USDT deposit through an orchestrator means brutal slippage, slow settlement, or no quote at all - funds stuck. And it is worst exactly when it matters most. Markets dislocate hardest during high volatility, so users get their worst pricing during a big airdrop, election, IPO, or sports game. To give users a good experience, someone has to eat the cost when markets aren't efficient. Apps will say "we have zero fees" - but when markets dislocate, retail gets their face ripped off. Btw – it is not possible to offer 1:1 USDT to USDC for deposits & withdrawals in any size without be arbitraged. Issue 2) Most bridges can't guarantee SLAs Say a user is depositing $10M into Polymarket. Try any leading router rn and you'll struggle to find a quote for a $10M USDT transaction. Should those transactions just get stuck? What happens during the Super Bowl, when everyone bridges at once? We've seen liquidity on major bridges drop below $50k. Should users just not be able to deposit? What happens when rebalancing goes down on a major chain? It happened to BNB recently - funds couldn't get off the chain. Should every BNB user eat 1h+ delays? Every cross-application bridge (i.e., ALL bridges today) is exposed to these failures. To give users a good experience, you need an app-specific bridge with real capital behind it - in Polymarket's case, >$10M dedicated to instant transactions for its users alone. Apps will say "we can bridge from any chain" - then fall over when markets dislocate. How does Fun + Polymarket solve this? Fun + Polymarket routing combines three capabilities: 1. An OTC desk. 2. A world-class aggregator. 3. An app-specific bridge. The result: 1. Best pricing from Relay, Across, LayerZero, CCTP, and others - at all times. Thanks to our relationships with Polymarket, Aave, Lighter & others Fun is one of the largest transaction originators in crypto. This size enables highly preferential pricing. 2. Fun steps in and takes the loss if routers can't deliver SLA-level pricing. 3. Fun holds $10M to fill the transaction if routers can't deliver the size. This thread doesn't even mentioned the other infra to make crypto tx's great: transaction retries, gas retries, slippage monitoring, broad token & chain support, fast pickup times, RPC fallbacks, streaming fallbacks, and more. @Polymarket and @Fun have iterated on this tech for two years. I'm proud of the work, and grateful for the partners we've built alongside. I admire what the Kalshi team has built - this isn't a hit piece, and John is well-intentioned. But it is simply inaccurate to imply Polymarket has inferior crypto rails. Polymarket supports larger orders, faster, with tighter settlement and greater uptime than any other crypto platform today.

funny how transferring crypto to Kalshi is 4x cheaper than Poly, & super fast We subsidize on+offramp costs for our users because we care about making the best crypto deposit experience possible We also have convenient fiat rails that actually work — Apple Pay, wire, Venmo etc

Saying on-ramps will be dead today is the same as saying NFTs will be dead back in 2021. Or saying that basic EOAs will be eclipsed entirely by smart accounts in 2023. Beginning of the end coindesk.com/tech/2026/08/02…

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On-ramps will be killed within the next year. They will be replaced by unified deposit solutions. This is already happening. Polymarket now does 8x more fiat payments with unified deposits than they did via on-ramp aggregation.