June 30, 2021

Vega: A Unique Protocol for Creating and Trading Derivatives

1 hour 1 minute

The Delphi Podcast Host and GP of Delphi Ventures Tom Shaughnessy sits down with Barney Mannerings, co-founder of Vega, a protocol for creating and trading derivatives on a fully decentralized network. The two discuss the protocol’s ability to allow for any derivative contract to be built, dynamic incentives, and much more.

We would like to thank Cosmos for making this podcast possible through their sponsorship! Cosmos is on a mission, link one million blockchains. Name brand projects like Terra, Band, Kava, and Secret use Cosmos and the Cosmos Hub to connect to every other chain in our network. The Cosmos Hub is the port city that delivers Inter-Blockchain Communication today. Learn more at cosmos.network.

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Show Notes

(1:37) – (First Question) – Barney's Background and what brought him to crypto.

(8:33) – Vega's Elevator Pitch.

(10:08) – Problems in the centralized financial system that Vega is attempting to solve.

(12:46) – Where is Vega in its development timeline.

(14:51) – How Vega works and use cases.

(22:43) – Modularity of Vega / how easy it is to implement a derivatives contract on Vega.

(27:01) – Vega's Competition.

(30:19) – Why Vega chose to build its own chain.

(39:29) – Incentivizing liquidity providers.

(43:23) – Risks and initiatives.

(46:44) – Vega's fee structure.

(49:56) – What is "Wendy" / how it tackles the MEV problem.

(55:35) – Barney's thoughts on inter-blockchain communication (IBC).

(57:15) – Dealing with lag between moving collateral between chains or cascading liquidations.

(59:18) – What’s keeping Barney up at night.

Resources:

Barney Mannerings: Co-founder of Vega Protocol

Vega Website

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Disclosures: This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host may personally own tokens that are mentioned on the podcast. Lets Talk Bitcoin is a distribution partner for the Chain Reaction Podcast, and our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product, service or token. Delphi’s transparency page can be viewed here.

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