Markets shouldn’t have to choose between performance and transparency. Institutional-grade, low-latency matching off-chain. Verifiable settlement on-chain. As tradfi and defi converge, the next generation of trading infrastructure we are building @MonacoTrading will deliver both.
At @MonacoTrading our goal was never to just build another Perp DEX or commoditized frontend on top of old infrastructure. If that had been the plan, we could have tried to copy any number of onchain exchanges, with some minor changes, and dressed it up as something novel.
We could have done that quickly, and some people might have been excited and had fun for a little while. But candidly, that's less exciting, and we would not have contributed anything meaningful to individuals and institutions that want to trade. And by now it'd be a forgotten idea.
We like to dream a little bigger. Our mission is simple. We want to build the best platform for traders to have global access to markets across different asset classes. That requires speed, security, frontier markets, and a transparent structure that empowers all users.
We're just getting started, and we hope you'll come on this journey as we build the world's trading floor.
An elegant way to describe why risk premia exist in markets....
→ If funding rates are at extreme values, and you're trying to put on basis trades, you're getting compensated for taking the other side of leveraged directional demand.
→ If the market's expectation of forward volatility (ie implied vol) for an asset is much higher than how volatile that asset usually behaves, selling options at a premium is compensating you for helping meet the demand for that insurance contract.
→ If you're investing into the private credit market and expecting high double-digit returns, you are asking to be compensated for the illiquidity of your position.
If an alpha persists, it's compensation for something.
The Monaco testnet is live.
A central limit order book built by traders from Hudson River Trading, GSR, Jump Crypto, and Goldman.
Try it on the blockchain built for trading.
https://t.co/uRammKKO1N