The Delphi Podcast Jean Miao: The Permissionless Protocol for Decentralized Perpetual Swaps on Arbitrum
The Delphi Podcast Host and GP of Delphi Ventures Tom Shaughnessy sits down with Jean Miao, co-founder of MCDEX, a next-gen, fully permissionless protocol for decentralized perpetual swaps (perps). The two discuss the entire protocol from V2 to V3, the case for decentralized perps overtaking centralized perps and much more.
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Show Notes
(2:06) – (First Question) – Jean's Background and what brought her to MCDEX.
(6:29) – MCDEX Overview.
(7:56) – What is perpetual swap.
(9:21) – How MCDEX works.
(14:36) – Differences between V3 and V2.
(17:10) – Thoughts on bootstrapping liquidity.
(19:04) – MCDEX target / differences in attracting a different class of trader or investor.
(22:57) – MCDEX's Competition.
(26:48) – How the permissionless market creation works.
(31:21) – What benefits does permissionless market creation give to the long tail of assets.
(35:56) – MCDEX L2 launch.
(38:52) – Lessons learned from halting V2 and going to V3 / why MCDEX switched from V2 to V3.
(45:55) – $MCB, the token.
(49:44) – MCDEX limit orders.
(50:57) – Where to find MCDEX.
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