In this D-Squared Finance AMA, the team of D-Squared Finance is joined by 0xSaitama from DopexNFT to talk about D-Squared Finance and their partnership.
Read our notes below to learn more.
Lodestar
Lodestar is a fork of Compound protocol and Compound has never been hacked.
Lodestar did not have the same level of governance and community support, which led to the manipulation of the price of the Plutus GLP token on an exchange.
Unclear whether the token itself was hacked or if the manipulation occurred through other means.
Lodestar tweeted stating that $2.4m or $2.8m of $GLP is recoverable.
Introduction to the Team
DefiDope
This is a joint venture between BWS Labs and Dopex NFT.
BWS Labs is responsible for the trading engine, trading strategies, and making vaults that make money.
Dopex NFT provides technology support, including solidity, front-end development, and the game.
Small but excellent team is building modular solidity contracts in an effort to make it easier to see how things should fit together and prioritize the most important parts.
Renzor
Have helped build web2 and web 3 projects, particularly those involving Ethereum and other blockchains.
Skilled in full-stack engineering and web security.
Working on building out continuous integration workflows for the front-end platform.
BBK
Working with Dopex NFTs and involved in social media and community management.
Working on video production animation for marketing as well.
Cadmus
Active participant in the community and involved in employing mods in Discord.
Building partnerships with core partners.
Pickle Update by Defi Dope
Head of solidity for D-Squared where they work with a team to develop smart contracts and oversee on-chain security.
Have experience in a variety of projects including lending protocols and NFT collections, and also produce educational content on smart contracts and security.
Believer in decentralization and trustlessness, and priority is to develop trading strategy contracts for users to have strong security guarantees for their funds.
Luca
The idea behind the trading system currently in use is that the v0 vault contract allows for flexibility and quick pivoting in response to opportunities however the security is not as desired.
Team is working on the whitelisting system so every protocol and contract that a trader interacts with is approved and prioritized which will allow for modularization and customizable trading with the highest level of security.
Dopex and GMX are the main products at focus.
Partnership with Dopex
0xsaitama
Congralutes D-Squared team and is excited about the company's expansion in the bear market.
D-squared is in the process of transitioning from manual processes to using contracts and white lists to make the protocol more secure for users.
Overview of Dopex Innovations
0xsaitama
Launching a new product which is a liquidity pool that allows users to sell options mid-epoch at any time to liquidity providers.
Currently seeking liquidity providers to create a floor for the options market.
The goal is to create more liquidity and flexibility in the options market and to make more money by taking advantage of market discrepancies.
Have a balance sheet that allows them to be both market makers and liquidity takers, and to use various types of collateral for other purposes.
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Will You Be Bringing TradFi Users to Defi?
Luca has experience in portfolio management and trading for institutional settings.
There is a potential market in Australia for a product that repackages payoffs in a collateralized, risk-free manner for investors who want exposure to growing technology but do not want to directly trade in certain topics.
D-Squared can fill this gap by offering a structural product that can be tailored to the needs of specific clients and settle on-chain to transfer the risk to the company.
Establishing trust with institutional investors will be needed to scale D-Squared.
Dopex Pipeline
0xsaitama
Dopex is discussing a perp liquidation protection, which allows users to buy puts equal to their amount of margin to reduce leverage to 1x.
rDPX v2 has been in development for over a year and is expected to release soon with features like SSOV rebates and Dopex stablecoin.
Dopex Innovation Centre in the BWS Resort
BWS Resort Is Read Only for Security
The resort will only allow reading from the blockchain for security reasons as allowing writing could create security vulnerabilities and make them a target for hackers.
There are multiple products in the Dopex pipeline.
Dopex Inverse Straddles
Dopex is developing inverse straddles which are options positions in which a seller deposits the underlying token rather than USDC.
Inverse straddles allow the seller to choose a bullish or bearish position on the market.
Dopex is offering a 5% extra boost on implied volatility for arbitrage opportunities on CEXs or higher option prices.
The risk management for these options is focused on the worst-case scenario and large primary market orders.
DSQ Vault Launch
The idea is to launch the DSQ vault on December 23rd.
The focus is on optimizing through different markets using GMX.
The goal is to take advantage of different markets and do delta hedging without trading, in order to have a competitive edge.
Dopex Discord
There will be a debrief in the coming days on Dopex Discord.
Check Out These Important Links
TODAY’S EDITION IS BROUGHT TO YOU BY LEDGER STAX WALLET
Ledger’s latest innovation, the Ledger Stax, is a credit card-sized hardware wallet complete with touchscreen and Bluetooth capabilities. Did we mention it’s designed by Tony Fadell, the creator of Apple’s original iPod?
Act now, click the link below and preorder the Ledger Stax to use crypto on the go.