Episode Details

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.

- -

Follow Darius: https://twitter.com/dariustabai

Follow Alwin: https://twitter.com/AlwinPeng

Follow Sam: https://twitter.com/swmartin19

Follow Dan: https://twitter.com/smyyguy

Follow Ren: https://twitter.com/purplepill3m

Follow Pibblez: https://twitter.com/0xpibblez

Follow EffortCapital: https://twitter.com/EffortCapital

Follow Blockworks Research: https://twitter.com/blockworksres

Subscribe on YouTube: https://bit.ly/3foDS38

Subscribe on Apple: https://apple.co/3SNhUEt

Subscribe on Spotify: https://spoti.fi/3NlP1hA

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

- -

Hexens is the premier cybersecurity provider in web3 with an essential focus on blockchain technologies. Always exceeding clients’ expectations, Hexens is a trusted security partner of the most prominent web3 projects like Polygon & zkEVM, 1inch, Lido, Nubank, TON, Risc0, EigenLayer, Mantle, Celo and more.

https://hexens.io/

- -

Use code 0X30 to get 30% off Permissionless 2023 in Austin:

https://blockworks.co/event/permissionless-2023

- -

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

- -

Resources:

Vertex

https://vertexprotocol.com/

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

Listen Now