Overview on Primitive: an Oracle-free Spot Exchange and Derivative Protocol
This is part 1 in a series on Constant Function Market Makers and on-chain derivatives. If you are not familiar with financial derivatives, I recommend you check out this page for a quick definition. It will help you make sense of the concepts discussed in this article.Key TakeawaysWhile futures are a widely used instrument in crypto, option protocols failed to gain traction in DeFi. Leading causes are the lack of liquidity and disproportioned risks to LPs.Introduced on December 7th, 2021, @P...
Overview on Primitive: an Oracle-free Spot Exchange and Derivative Protocol
This is part 1 in a series on Constant Function Market Makers and on-chain derivatives. If you are not familiar with financial derivatives, I recommend you check out this page for a quick definition. It will help you make sense of the concepts discussed in this article.Key TakeawaysWhile futures are a widely used instrument in crypto, option protocols failed to gain traction in DeFi. Leading causes are the lack of liquidity and disproportioned risks to LPs.Introduced on December 7th, 2021, @P...
On $SOS, game theory and exit liquidity
Since TheOpenDao and the $SOS token has been the talk of the town on Crypto Twitter this christmas, I thought I could write down some thoughts on the topic. I will also give my view on the optimal decision if you were airdropped some ‘responsibility’. And before you ask, no, it’s not some delusional piece on why it will replace Opensea by “bootstrapping a community” and “fighting the web2 establishment” that Opensea apparently represents. It’s more of a story about greed, speculation, and gri...
On $SOS, game theory and exit liquidity
Since TheOpenDao and the $SOS token has been the talk of the town on Crypto Twitter this christmas, I thought I could write down some thoughts on the topic. I will also give my view on the optimal decision if you were airdropped some ‘responsibility’. And before you ask, no, it’s not some delusional piece on why it will replace Opensea by “bootstrapping a community” and “fighting the web2 establishment” that Opensea apparently represents. It’s more of a story about greed, speculation, and gri...
