Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

Wintermute Founder: The real issue in the encryption industry is not the design of Perptual Futures, but rather the CEX that integrates market making, CLOB, and accomplice.

robot
Abstract generation in progress

On November 18, Arthur, the founder of DeFiance Capital, stated that the product design of crypto derivation (mainly Perptual Futures) and its related market structure are still the biggest issues that the industry must address before sustainable development can proceed to the next stage. The industry can no longer experience such large-scale wealth destruction events over and over again while pretending that everything is normal without fixing structural problems. However, there is hope to build better products by drawing on historical experience. Evgeny Gaevoy, the founder of Wintermute, responded by stating that TradFi has long solved these issues; the real problem is not the design of Perptual Futures, but the centralized (and quasi-centralized) trading platforms that combine market making, Central Limit Order Book (CLOB), and custody.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)