Our fearless leader @fiddybps1 sat down with @c__bergz of @hi_Reverie for an action packed episode covering the dominance of perp dexes, the role of convexity, volatility and margin, building on @Starknet and competing in a really difficult and dynamic market.

Lots of gems in here for anyone looking to learn more about building a derivatives exchange!

1️⃣ Commodities to crypto: Anand’s origin story
00:00 Paradigm’s role in birthing crypto options markets
05:00 FTX’s collapse and counterparty risk
06:30 Blockchains as trust machines, the birth of Paradex

2️⃣ Why do institutional liquidity networks exist?
08:07 What is an Institutional Liquidity Network?
10:06 Block trading for large and complex orders
12:40 How Paradigm killed the voice-brokers

3️⃣ The evolution of Crypto Derivatives markets
13:05 The rise and success of Perpetual swaps
15:32 Why perps killed options in crypto?
24:35 Is volatility a good thing?
27:00 How Paradex prevents “scam-wicks”

4️⃣ Why build Paradex?
31:00 Why build a decentralized perps exchange?
32:20 Custodial solutions are under attack

5️⃣ Why Starknet ?
34:00 Paradex as a high throughput Derivatives L2
35:10 Modular vs Monolithic
38:37 Paradex is the KILLER App! 🤙

6️⃣ Competing in a really difficult market
44:45 Are points the new meta?
45:30 Paradex Pro League
47:20 Addressing points fatigue via long-term PMF

7️⃣ GTM Sequencing and Points Program Design
52:40 Bootstrapping liquidity
54:20 Listing shitcoins VS blue chips
57:00 Pre-launch markets and innovation in Defi