Everything You Need To Know About Exponents w/ Ryan Park - Flywheel #126

This week we hosted Ryan Park, co-founder of Exponents, the first liquidation-free, oracle-less perp dex and explored how Exponents is reimagining market efficiency with its novel mathematical mechanisms.

Timeline:

00:00 Introduction & Background

10:48 Lessons from Anchor

13:50 What Lido Did Right

16:46 Distribution + Growth in Terra and Anchor

19:27 “The End User is Capital”

22:30 Transitioning from Anchor to Exponents

28:54 The Liquidation Free, Oracle-less Perp Dex

34:04 “Spot Arbitrage”, The Lifecycle of a Position

41:49 Synthetic Positions and Collateralization Mechanism

50:40 How Does Exponents Work

1:01:23 Institutional Perspectives on DeFi & Crypto

1:07:43 The Future of DeFi and Its Value Prop

1:13:34 Incentivizing Speculation in Crypto Mark ...