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RubiconThe Die is Cast: Launch of Decentralization and $RUBI
🌍 The Launch of $RUBIAd Victoriam. Rubicon exists to build the World’s Last Financial Exchange — a decentralized, non-custodial trading platform that democratizes access to global markets. Our mission is to accelerate the advent of an open, efficient, and transparent financial system for humanity, governed and operated by its users. Over the past four years, Rubicon has processed over $200 million in onchain trading volume across many protocol versions. Every trade has been non-custodial, ve...
RubiconRubicon v1 Whitepaper
Rubicon v1 [repo] Benjamin Hughes, Forrest Norwood contact (at) rubicon (dot) finance March 19, 2022AbstractIn this paper, we introduce Rubicon v1, an order book protocol for Ethereum, and by extension an order book protocol for the world.BackgroundAn exchange is the most important venue in a given financial system; without a common venue for liquidity, markets are inefficient. Given their importance, the ideal exchange is fully transparent, has no downtime, and is accessible to anyone wantin...
RubiconToken Bridging is live on Rubicon
Today we are launching a Token Bridge in the Rubicon App! Select the Bridge on the sidebar to transfer tokens to and from Ethereum, Optimism, and other blockchains 🌉 Powered by Socket, our Bridge finds the best route from major token bridges with support for hundreds of token combinations and 9 blockchains:Whether you are bridging to Optimism to trade on Rubicon for the first time or you’re seizing an opportunity on another chain, our Bridge finds you the best route without having to leave t...
>200 subscribers
RubiconThe Die is Cast: Launch of Decentralization and $RUBI
🌍 The Launch of $RUBIAd Victoriam. Rubicon exists to build the World’s Last Financial Exchange — a decentralized, non-custodial trading platform that democratizes access to global markets. Our mission is to accelerate the advent of an open, efficient, and transparent financial system for humanity, governed and operated by its users. Over the past four years, Rubicon has processed over $200 million in onchain trading volume across many protocol versions. Every trade has been non-custodial, ve...
RubiconRubicon v1 Whitepaper
Rubicon v1 [repo] Benjamin Hughes, Forrest Norwood contact (at) rubicon (dot) finance March 19, 2022AbstractIn this paper, we introduce Rubicon v1, an order book protocol for Ethereum, and by extension an order book protocol for the world.BackgroundAn exchange is the most important venue in a given financial system; without a common venue for liquidity, markets are inefficient. Given their importance, the ideal exchange is fully transparent, has no downtime, and is accessible to anyone wantin...
RubiconToken Bridging is live on Rubicon
Today we are launching a Token Bridge in the Rubicon App! Select the Bridge on the sidebar to transfer tokens to and from Ethereum, Optimism, and other blockchains 🌉 Powered by Socket, our Bridge finds the best route from major token bridges with support for hundreds of token combinations and 9 blockchains:Whether you are bridging to Optimism to trade on Rubicon for the first time or you’re seizing an opportunity on another chain, our Bridge finds you the best route without having to leave t...
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The first version of Rubicon Pools is winding down. All seven liquidity pools have entered Withdrawal-Only mode and tokens are no longer being utilized on the order books. The Deposit button was removed and users are encouraged to withdraw their funds at app.rubicon.finance/pools:
The good news is that deprecating these liquidity pools is one of the first steps in our transition to Rubicon V2! Look out for more news in the coming days and weeks on our media channels regarding the next version of Rubicon 👀
Rubicon Pools was a novel liquidity mechanism that launched on Optimism in September 2021. Passive liquidity providers (LPs) could deposit tokens into single asset pools where active liquidity managers (strategists) used the tokens to provide liquidity by market-marking on the Rubicon order books. Returns from market-making were passed on to the LPs while strategists earned a performance fee.
Pools V1 helped to address Rubicon’s cold-start problem by bootstrapping liquidity on the order books while also giving thousands of users access to market-making returns. The liquidity pools peaked last month at more $15 million in Total Value Locked (TVL) and are responsible for providing liquidity or ‘making’ for more than $30 million in trading volume.
While Pools V1 was live, one thing became apparent to both our community and our team: passive liquidity is a myth. Passive players in an active marketplace expose themselves to lots of toxic flow and will have negative returns. In a sense, the only true form of “passive” liquidity is lending.
While the intentions of Pools V1 were noble: democratize liquidity-providing through a system that has clear roles and balanced incentives for passive suppliers and active managers; the implementation left much to be desired with users exposed to directional risks, trust compromises within the strategist setup, and some liveness issues.
Last year, our team set out to reshape the relationship between the Rubicon order book protocol and the liquidity pools. This new system needed to be capital efficient, trustless, and secure…
Over the past few months we have been heads down building the next generation of the Rubicon protocol. Rubicon V2 combines two powerful DeFi primitives to form an efficient and secure foundation for Rubicon to become the world order book. We’re excited to share more soon, keep a look out on our social platforms!
Alea iacta est.
(This post is for educational purposes only. Nothing in it should be construed as financial advice. Do your own research before making investments.)
The first version of Rubicon Pools is winding down. All seven liquidity pools have entered Withdrawal-Only mode and tokens are no longer being utilized on the order books. The Deposit button was removed and users are encouraged to withdraw their funds at app.rubicon.finance/pools:
The good news is that deprecating these liquidity pools is one of the first steps in our transition to Rubicon V2! Look out for more news in the coming days and weeks on our media channels regarding the next version of Rubicon 👀
Rubicon Pools was a novel liquidity mechanism that launched on Optimism in September 2021. Passive liquidity providers (LPs) could deposit tokens into single asset pools where active liquidity managers (strategists) used the tokens to provide liquidity by market-marking on the Rubicon order books. Returns from market-making were passed on to the LPs while strategists earned a performance fee.
Pools V1 helped to address Rubicon’s cold-start problem by bootstrapping liquidity on the order books while also giving thousands of users access to market-making returns. The liquidity pools peaked last month at more $15 million in Total Value Locked (TVL) and are responsible for providing liquidity or ‘making’ for more than $30 million in trading volume.
While Pools V1 was live, one thing became apparent to both our community and our team: passive liquidity is a myth. Passive players in an active marketplace expose themselves to lots of toxic flow and will have negative returns. In a sense, the only true form of “passive” liquidity is lending.
While the intentions of Pools V1 were noble: democratize liquidity-providing through a system that has clear roles and balanced incentives for passive suppliers and active managers; the implementation left much to be desired with users exposed to directional risks, trust compromises within the strategist setup, and some liveness issues.
Last year, our team set out to reshape the relationship between the Rubicon order book protocol and the liquidity pools. This new system needed to be capital efficient, trustless, and secure…
Over the past few months we have been heads down building the next generation of the Rubicon protocol. Rubicon V2 combines two powerful DeFi primitives to form an efficient and secure foundation for Rubicon to become the world order book. We’re excited to share more soon, keep a look out on our social platforms!
Alea iacta est.
(This post is for educational purposes only. Nothing in it should be construed as financial advice. Do your own research before making investments.)
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