Vertex: Built for Cross-Margin, Low-latency Trading | Darius & Alwin
0xResearch
Financial Advice, Risk Management, Lending Market, and Liquidity
A discussion on topics such as financial advice, fees, gold, and the lending market. They delve into risk management, liquidity, and the presence of arbitrage opportunities and throttle mechanisms in the protocol.
In today's episode Dan and Sam are joined by Vertex Protocol Co-founders Darius & Alwin. They explore Vertex's journey since the Multicurrency version of Anchor on Terra to now a leading onchain trading platform powered by Arbitrum. They explore Vertex's risk management, visions for decentralization, token airdrop, and endgame strategy.
This week's analyst segment is a special 3 blockworks analysts extravaganza. Dan is a joined by blockworks research analysts, 0xpibblez, Ren, and EffortCapital. They cover Uniswap's ongoing search for Loss-Versus-Rebalancing solution, Cosmos Hub Prop 818, Frax FIP 277, and Thorchain's lending market.
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Timestamps:
(00:00) Introduction
(01:31) Uniswap Loss-Versus-Rebalancing
(09:28) Cosmos Hub Prop 818
(19:57) Frax FIP 277 RWA Frax V3
(27:42) Thorchain Lending Market
(37:33) Interview Start: Vertex
(37:45) Vertex High-Level Overview
(41:59) Cross-Margin Account Architecture
(44:20) “Hexens Ad”
(45:24) Cross-Margin Account Architecture
(47:24) AMM Use-Case & Sequencer Backup
(50:58) Sequencer Decentralization
(54:53) Cross-chain Approach for UX
(58:09) Liquidation Engine & Managing Risk
(1:04:45) Mango Markets Exploit Avoidance
(1:07:52) Vertex Growth Strategy
(1:10:36) VRTX Token Design
(1:15:44) Incentivizing Traders VS Market Makers
(1:21:25) Vertex Endgame
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Resources:
Vertex
Vertex Docs
https://vertex-protocol.gitbook.io/docs/getting-started/overview
Uniswap Loss-Versus-Rebalancing Paper
https://arxiv.org/pdf/2208.06046.pdf
Cosmos Hub Prop 818
https://forum.cosmos.network/t/prop-818-discussion/11244
Frax FIP 277
https://gov.frax.finance/t/fip-277-onboard-finrespbc-as-frax-v3s-offchain-rwa-partner/2492
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Disclaimer: Nothing said on 0xResearch 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. Dan, Sam, and our guests may hold positions in the companies, funds, or projects discussed.
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