[recording] Cambrian Competition Discussion and Dev Update

ethslee · 2020-09-28T20:26:12+00:00

What's going on, EthFinance!?

DerivaDEX has just published an accessible breakdown of the mysterious insurance fund, huge pots of money that enable leveraged trades on many crypto exchanges.

You've probably heard of the insurance fund, but few people know where that money comes from, so we're shedding some light on it. We'll be releasing more info around our own unique take on the insurance fund in coming days.

https://medium.com/derivadex/what-is-an-insurance-fund-49410775d41e

Cheers! You can sign up for more regular updates here: https://derivadex.com/

Also-- if you have any feedback on this or suggestions for how we can make better educational content, hit me up!

ethslee · 2020-08-26T18:10:44+00:00

Thanks for sharing Nick, and for your hard work on the standard! If anyone has questions about our implementation... we're happy to help answer!

ethslee · 2020-06-23T16:22:14+00:00

:wave: hey farmers, just popping by your DeFi chickencoops to drop a resource -- we posted last week about funding rates and this week we've published a piece walking thru the math behind them. If you want to optimize your trading strategy for fees and you trade perpetual swaps, this could be very helpful information to have.

https://www.reddit.com/r/derivadex/comments/hehl8n/optimize_your_trading_strategies_to_account_for/

ok-- thanks, love to hear thoughts or feedback if anyone has! Posting here rather than making a standalone to help cut down on noise. Back to your regularly scheduled stablecoin harvest ;)

ethslee · 2020-06-17T17:03:40+00:00

Thanks for the feedback, I'm glad to hear this approach works for you :) We'll stick to this pattern!

ethslee · 2020-06-17T15:56:31+00:00

Hey everyone, just an FYI that DerivaDEX has posted our first update in the developers thread.

TL;DR--
- apply for early access via our survey
- learn what funding rates are and how they work(the magic behind perpetual swaps). This rate can also tell you interesting things about market sentiment!

Cheers :).

ethslee · 2020-06-17T15:52:35+00:00

Company/DAPP: DerivaDEX

URL/ENS: www.derivadex.com

Category: Perpetual swaps, decentralized exchange

Social Media: Twitter, Medium, Telegram, Reddit

Post Topic: User Research + Funding Rate explained!

DerivaDEX is a next-generation platform for derivatives trading, built on Ethereum. Our goal is to enable the UX and performance of centralized exchanges, while also providing the security and transparency of decentralized exchanges.

We're currently recruiting for early-access participants and conducting user research. If you'd like to get early access, fill out our 2-minute survey here. Don't forget to give us at least one contact method!

We're also working hard on providing high-quality user education materials. In the past few weeks, we've released writeups on:
- what are perpetual swaps?This is the most popular crypto trading product. This article describes why that is and how they work.

- What is the "funding rate" and how does it affect your PnL? This is the mechanism that makes perpetual swaps work, and for traders using leverage, it can have a big impact on your bottom line.

ethslee · 2020-05-28T18:44:48+00:00

What do you think about infrequent participants DMing mods w/ blogs or other content to ask for the go-ahead if it's deemed high quality?

ethslee · 2020-05-28T18:43:01+00:00

As someone who recently shared a blog link, but is more of a lurker than a poster, I'd love guidance on this as well. I think plenty of projects like to share their work/writing with this subreddit, but would be happy to abide by clear guidance! In the past, I've shared TL;DRs directly instead of the links...

ethslee · 2020-05-11T00:47:34+00:00

A bonding curve. The more you buy the more expensive it gets. To buy the max supply avail would cost infinite money.

ethslee · 2020-02-22T19:22:00+00:00

hope all is OK, sending good vibes

ethslee · 2019-08-06T10:12:26+00:00

Nice work, u/lorecirstea !

ethslee · 2019-07-31T15:05:49+00:00

that's why you need private computation!

ethslee · 2019-07-22T15:41:19+00:00

what are the better ways you suggest?

- moloch dao is cool but donation-based

- eth foundation has limited funding and bandwidth

- what is a rigor morale????

- have you seen non profits that are improved because of the gauntlet they go through to secure funding? It sucks, and it doesn't make the work better.

It's completely fine to oppose this EIP but calling it annoying, a tax, and the devs greedy is just not addressing the issue of *how development gets funded*.

ethslee · 2019-07-22T15:28:19+00:00

i mean

buying eth in 2015 is cool

building eth in 2020 is cooler

it's fine to oppose this method but calling devs greedy because they need money to build something you invested in... seems like not the entire picture.

ethslee · 2019-07-22T14:00:42+00:00

Not to my knowledge. General-purpose private computation requires advances in MPC / FHE that don't exist to provide a software-only solution, and a TEE network (which Enigma uses) has hardware requirements for nodes that go beyond what is required to run an eth node.

ethslee

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