Jony.AVAX9000🔺 | 🌊📘🧪

One thing I have learned from years of market making with my own capital is that you never build a serious system by assuming risk will not happen. Especially with the kind of software we are building at @Balcore_AI , where real capital is being deployed into live markets, risk has to be treated as part of the architecture from day one. You build the system assuming something eventually will go wrong. Smart contract risk, market regime risk, venue concentration, execution and model risk, regulatory risk. We are not hiding any of them. Every major risk needs a designed response. That means external audits, bug bounties and non custodial architecture for contract risk; circuit breakers, reserve floors and move defense logic for violent markets; multi venue rails so Balcore is not dependent on one DEX; and deterministic rules, onchain verification and conservative live limits around execution. Risk can never be eliminated, but it can be identified, measured, contained and engineered against. And above everything, I do not believe slides or simulations prove a system. Live performance is the proof. That is the standard we are building Balcore toward. Be the Market Maker. There is no escape. 🔺

Goodnight. 🌙 Just signed a couple of multisig transactions to bootstrap the smart contracts for @Balcore_AI 's Bitcoin and Avalanche market making pairs on mainnet. Seeing this move from architecture, formulas, testing, and endless debugging into actual mainnet infrastructure give different feeling. My lead dev is fired up too, working like an absolute beast to get every piece where it needs to be. We are getting very close like life depends on it. Be the Market Maker. There is no escape. 🔺

If you're in Solana, DONT rotate to Robinhood Chain, But ensure you come straight to Avalanche. There is no escape.

There is no shame in falling down. It happens to anyone willing to try something new, especially when attempting to build something that has never existed before. What makes the difference is what you do after the fall. Building @Balcore_AI taught me this lesson the hard way. For nearly six years, I experimented with onchain market making and tried to crack impermanent loss in AMM DEXs. I failed badly, more times than I can count. These experiments demanded a tremendous amount of capital because market making cannot be fully understood through models and simulations alone. Real capital had to be put into real markets. Some lessons were painfully expensive, but each one helped reveal what worked, what failed, and why. I believe part of the reason IL has remained unsolved is that very few people have been willing to fail at it this many times and still stay with the problem for so many years. Maybe my advantage was not that I saw the answer sooner. It was that I was willing to stay with the question longer. Every failure removed another wrong path, and that accumulated learning became a major catalyst for finally cracking the code. There will always be more to optimize, but the initial Balcore architecture works. I did not reach this point because every experiment succeeded. I reached it because every time an experiment failed, I stood back up and went after the problem again. Sometimes the breakthrough belongs to the person who simply refuses to stop. Be the Market Maker. There is no escape 🔺

Great to see who @Balcore_AI ended up beside on the Avalanche Summit speaker page. Hahahaha. Right next to me is Maxwell Stein, Director of Digital Assets at BlackRock, followed by Joe Stetson, Chief Commercial Officer at Red Bull New York and Sports Illustrated Stadium. Not a bad neighborhood for a market maker 😂 BlackRock manages trillions. Red Bull gives you wings. Balcore is building the market maker. Somehow, this row makes perfect sense 😂. No hidden partnership announcement here. I am simply enjoying the website placement, and whoever arranged it clearly has excellent long term vision. Hahahaha. New York is going to be fun. Be the Market Maker. There is no escape 🔺

Avalanche Summit has always felt different to me. It is not another crypto conference where every conversation circles back to token prices, whatever narrative is trending that week, or how to get rich overnight. Builders and institutions come to Avalanche Summit because they are creating actual companies, products, and financial infrastructure on Avalanche. On September 16 and 17 in Chelsea, New York City, leaders from BlackRock, FIFA, Franklin Templeton, Securitize, Aave, Coinbase, and many others actively building on Avalanche will be in the same room. It is going to be incredible. At past Avalanche Summits, I sat in the audience and spent my time listening, learning, and observing the people building the ecosystem. This time, I am coming as a builder with something of our own to show. That is what progress looks like to me. You observe, learn, go home, do the work, and eventually return with something worth showing. By the time I arrive in New York, @Balcore_AI’s first working product will be operating in a controlled mainnet environment and ready to demonstrate. If you are attending and want to see the first production version of Balcore working firsthand, let’s connect. Trillions of dollars in stocks, bonds, funds, and other assets are beginning to move onchain. Getting those assets onchain is only the first step. For them to become functioning markets on AMM DEXs, they will need deep and sustainable liquidity. Yet impermanent loss (IL) remains one of the biggest obstacles to making that liquidity sustainable. Balcore is being built to beat IL and make onchain market making a business that can work across market cycles. That is the problem we chose to solve, and why returning to the Summit this year means so much to me. New York, see you soon. Be the Market Maker. There is no escape 🔺

Good morning. A little alpha leaked from a chat with my lead developer this morning. We have transferred the first 10 AVAX to begin @Balcore_AI’s first round of testing on mainnet. The significance is not in the amount. It is in where the liquidity moved and what it is about to test. Small transfer, massive meaning. Behind this moment are nearly six years of learning onchain market making, two years of relentlessly building Balcore, and countless tests, rewrites, broken builds, and sleepless nights. This is strictly an internal deployment using our own capital, not a public launch. Balcore will continue operating as a closed mainnet system until its performance, safety, and behavior under real market conditions are proven by transparent onchain data. Before we open the vault to the public, Balcore’s seed capital will enter the engine first as protocol-owned liquidity. That capital will produce our first production-grade onchain market-making data and enjoy the first juice generated by the product. The cylinders are loaded. Maybe tomorrow. Maybe the day after. Be the Market Maker. There is no escape 🔺

Volatility exposes every weakness in market making. Inventory turns one-sided, impermanent loss accelerates, and passive liquidity gets punished. @Balcore_AI is built to have maximum growth in harse environment. The more volatile the market becomes, the more fearless and ruthless Balcore becomes. Ruthless toward inefficiency, disciplined with risk, and relentless about maximizing fees while mitigating IL and keeping paired-asset inventory balanced. Volatility is not something Balcore was designed merely to survive. It is where the architecture is designed to prove itself and have maximum efficiency. Be the Market Maker. There is no escape. 🔺