3min chapter

Good Game cover image

Is DeFi Ready for Mainstream Adoption? | EP 20

Good Game

CHAPTER

How to Build a Decentralized Gold Futures Derivative

Most of gold that's being traded is physically settled. If you're a derivative that is cash settled, then you need a price oracle for gold that is off chain. That's not avoidable in this particular example. However, if you want to build a derivative on a crypto native asset, so a perpetual swap on Bitcoin or on Ethereum, that could work because all you need to do is to pull the price feed from on chain itself. So your bullish on chain, all on chain assets, you're more bearish on off chain price feeds typically. We'll see you next week.

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