Antonio Juliano: Scaling dYdX’s Perpetuals Using Starkware To Target The Trillions In Monthly Perps Volume

Apr 27, 2021

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The Delphi Podcast Host and GP of Delphi Ventures Tom Shaughnessy hosts Antonio Juliano, the founder of dYdX, the decentralized derivatives exchange for perpetual swaps and margin trading. We talk scaling on Starkware to the sheer size of this market to economic attack vectors and everything in between.

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Show Notes:

(1:40) - (First Question) Antonio's Background.

(2:40) - David's Background.

(3:45) - Rob's Background.

(3:52) - Why The Perpetuals Market / Market sizing.

(5:01) - dYdX Overview.

(6:00) - What is a Perpetual Contract.

(8:51) - Thoughts on PERPs target.

(11:06) - How the funding rate allows the perpetual swaps to trade in line with index price.

(18:45) - Why ZK-rollups.

(26:49) - Thoughts on dYdX risks / Attack vectors.

(37:16) - How has the community received the new PERPs product / dYdX traction.

(40:38) - Differences in costs from L1 and L2.

(41:38) - Insights into recent crash / the unwinding of a lot of liquidations / How did dYdX perform during that time period.

(43:55) - Thoughts on cross margining / benefits.

(49:10) - Thoughts on cross-chain.

(50:40) - dYdX fees.

(52:00) - Thoughts on the world transitioning from centralized exchanges to decentralized platforms.

(55:00) - Thoughts on Coinbase offering perpetuals.

Resources:

Antonio’s Twitter: https://twitter.com/AntonioMJuliano
dYdX’s Twitter: https://twitter.com/dydxprotocol
Tom’s Twitter: https://twitter.com/Shaughnessy119
Delphi Podcast Twitter: https://twitter.com/PodcastDelphi
Tom’s Clubhouse: https://www.joinclubhouse.com/@toms119

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