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Trading Any Asset On-chain with Ostium
Jul 29, 2024
Kaledora Fontana Kiernan-Linn, Co-Founder of Ostium Labs, dives into the intersection of finance and innovative trading solutions. She discusses the flexibility of their trading model and how it leverages institutional liquidity. Kaledora illustrates the concept of 'perpification' and the unique noncustodial perp market for commodities. The conversation explores overcoming technical challenges to onboard real-world assets and the significance of swift decision-making in the startup ecosystem. Gain insights on how decentralized finance is reshaping trading strategies and user engagement.
50:51
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Quick takeaways
- The podcast emphasizes that swift decision-making in high-stakes environments often requires balancing intuition with rational analysis for success.
- Kaledora discusses the innovative noncustodial perp market, enabling trading real-world assets via synthetic products to enhance market liquidity.
Deep dives
Incentives through Funding Rates
Funding rates serve as a critical mechanism in the crypto space, functioning to balance market discrepancies and incentivize participation from third-party players. By allowing users to farm these rates while hedging in the underlying market, platforms can encourage a cash and carry trade approach. This mechanism supports a non-custodial model, as market participants engage with funding rates to manage risk rather than relying on a platform to handle custodial duties. Ultimately, funding rates are viewed as a revolutionary construct that enhances market efficiency and balances interests.
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