benjii
@benjii
Options are a fundamentally harder market to build well
Perps give traders continuous exposure to an asset. Liquidity can concentrate around a relatively simple market structure
Options introduce another dimension entirely
Liquidity gets distributed across strikes, expiries
Perps give traders continuous exposure to an asset. Liquidity can concentrate around a relatively simple market structure
Options introduce another dimension entirely
Liquidity gets distributed across strikes, expiries
benjii@benjii · Oct 4the architecture is only half the thesis. the harder question is what compounds on top of it
been thinking about where @DeriveXYZ’s moat actually comes from. the more i look at the structure, the more i think the moat sits above the architecture
V3 can improve execution,
been thinking about where @DeriveXYZ’s moat actually comes from. the more i look at the structure, the more i think the moat sits above the architecture
V3 can improve execution,
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