🧵 Thread

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Here's a recap of @Furucombo's #9 #FuruRadio podcast featuring @perpprotocol co-founder @tempofeng. And other fantastic guests from @opyn_ & @GMX_IO. #dex #perpprotocol #derivatives #DeFi #trading #PERP #GMX 🧵👇1/7 twitter.com/furucombo/status/1623973419216936960?s=20&t=iy2Q--MurPH3Air3DUBB0A

2/7 Introduction of Perpetual Protocol by @tempofeng • First on-chain derivatives for perp swaps. • Built v1 on Gnosis, • v2 on Optimism & Uniswap V3. • 60 Billion trading volume, traded across v1 & v2. check us out at Perp.com.

3/7 Thoughts on Derivatives tempofeng • Usability still lacking compare to CEX. • Challenges in onboarding new users. • Market opportunities still exist for DEX. • Need more institutional traders on DEX. • Overtime UX/UI gets better and traders would come onboard.

4/7 wiseoftheday • Risk on CEX. Especially with what happens to FTX. • Drastic increase in on-chain trade volume post-collapse of CEX • Learning curve to understand DEX is steep. • CEX is still relevant, giving users their first experience into Crypto.

5/7 Large users on derivatives? Tempofeng • Institutions, as they are drivers of the derivatives market. Hence we need to have the right tools or assets for institutions or something more traditional that they can deal with.

6/7 Developments on $PERP, $GMX, and DeFi in general. Wiseoftheday • $GMX : GLP (Used to counterbalance a trade) is not growing as fast as we want, we are launching GMX synthetics which should solve that. 9/11

7/7 Tempofeng $PERP : • Challenges for LP on Uniswap v3 or the xyk style of liquidity provision. we are building different solutions to get rid of that and also increase the reward for LPs. • Research on Uniswap LP. It proposes a way to reduce IL by lending your LP token.