
Different from AMM design (such as uniswap), single token pledge enables investors to hedge their positions and alleviate the loss of profits of the pledgor. I like vamm design! Vamm is only used for price generation, and separates the liquidity pool to reduce the volatile loss of light mortgagers.The first allows derivatives to be freely listed and traded, with low liquidity requirements However, the latter platform has less risk, higher leverage tolerance and various order types (fortunately, uniswap V3 actually makes limit orders and more order types possible.) I simplified two liquidity models of derivatives: "peer to pool" (perpetual protocol, synthetix, etc.) or "peer to peer" (dydx, etc.).The latter is more suitable for hedging by highly skilled gamblers. Just like in the centralized field, the cumulative trading volume of decentralized perpetual contracts today (September 1) is $47 billion, 921 times that of options.


Original title:《Viewpoint: the historical wheel of the rise of decentralized derivatives is unstoppable Who represents the future trend between perpetual protocol and dydx? Опубліковано у 924 переглядати 0 коментарĪuthor: Fiona he, a & amp T capital investment manager The historical wheel of the rise of decentralized derivatives has been unstoppable.
