On-Chain Derivatives & Liquidity | Tristan Frizza, Uddhav Marwaha episode artwork

EPISODE · Sep 27, 2022 · 1H 2M

On-Chain Derivatives & Liquidity | Tristan Frizza, Uddhav Marwaha

from Bell Curve · host Blockworks

Season 1 | Episode 5 In this episode of Bell Curve, Jason and Mike are joined by Tristan Frizza (Zeta Markets) and Uddhav Marwaha (Friktion) to discuss the world of on-chain derivatives and liquidity. TradFi's derivatives market is magnitudes larger than spot, but on-chain derivatives are just getting started in crypto. Why does crypto need derivatives like options and perpetuals? What type of users will use these products? And why is it so challenging to build these products on-chain? Tune in to learn these answers and more! - - Timestamps: (00:00) Introduction (03:05) The State of DeFi Derivatives (05:58) Who Wants These Products? (07:43) The Major Challenges of On-Chain Derivatives (11:22) Building on Solana vs Other Chains (16:35) Market Maker Incentives, CLOBs and AMMs (22:55) Perps, Power Perps and Options (28:27) The Fixed-Rate, Uncollateralized Lending Unlock (36:21) High-Frequency Trading in TradFi and DeFi (42:31) How Big is the Market Opportunity? (46:52) Finding Product Market Fit (51:51) Post Interview Thoughts - - Follow Tristan: https://twitter.com/tristan0x?lang=en Follow Uddhav: https://twitter.com/degen_quant Follow Mike: https://twitter.com/MikeIppolito_ Follow Jason: https://twitter.com/JasonYanowitz Follow Bell Curve: https://twitter.com/thebellcurvepod Subscribe on YouTube: https://bit.ly/3R1D1D9 Subscribe on Apple: https://apple.co/3pQTfmD Subscribe on Spotify: https://spoti.fi/3cpKZXH - - Resources: Zee Prime's DeFi options article https://zeeprime.capital/a-lot-of-on-chain-options-but-few-to-exercise Paradigm gradual dutch auctions article https://www.paradigm.xyz/2022/04/gda Doug Colkitt on AMMs & CLOBS https://twitter.com/0xdoug/status/1565446246957023234 Zeta Markets https://www.zeta.markets/ Friktion https://friktion.fi/ - - Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

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On-Chain Derivatives & Liquidity | Tristan Frizza, Uddhav Marwaha

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