Re:Show HN:Adapting TradFi derivative market infrastructure ...
by Brillaughte on Friday July 14, 2023 @03:01PM
(#36728434)
Hello,
I’ve made this whitepaper about adapting derivatives TradFi market infrastructure to DeFi. The architecture is completely different from GMX, DYDX, and others.
The engine allows trading derivatives on everything that has a reliable API (stocks, fx, equity), without governance and KYC, solves zk counterparty trust, efficient with portfolio initial margin and any asset cross margin.
The twist is everyone tries to make exchange derivatives for DeFi while it is much easier to adapt OTC derivatives for retail.
It is likely to be technically doable, the bilateral model has been proven by symm.io, oracles by Muon network, and TradFi systems partly by Vega Protocol, only the ACCP model is to be proven. And for adoption, once the protocol is live, it is possible to pivot on many niches.
The engine allows trading derivatives on everything that has a reliable API (stocks, fx, equity), without governance and KYC, solves zk counterparty trust, efficient with portfolio initial margin and any asset cross margin.
The twist is everyone tries to make exchange derivatives for DeFi while it is much easier to adapt OTC derivatives for retail.
It is likely to be technically doable, the bilateral model has been proven by symm.io, oracles by Muon network, and TradFi systems partly by Vega Protocol, only the ACCP model is to be proven. And for adoption, once the protocol is live, it is possible to pivot on many niches.
I highly value your feedback.
I’m looking for a cofounder btw.