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

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

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

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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

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

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.