Frederic Fortier

Building novel financial instruments. Co-founder at Dexlabs

[Aditya Palepu @apalepu23]

Had a blast with Max (@SynopsisEvents) chatting about what's exciting in DeFi, where most platforms get the fundamentals wrong, and how @DDX_Official is uniquely built to actually hold up. Give it a listen!

[DerivaDEX @DDX_Official]

NEW PODCAST:

🎙️ @apalepu23, Co-Founder and CEO of DEX Labs, the team behind DerivaDEX, sat down with Max Lopatnikov of @SynopsisEvents to talk derivatives exchange architecture, why the onchain vs offchain debate is the wrong debate, and what it actually took to build the first DAO-governed derivatives exchange licensed by the Bermuda Monetary Authority.

[Inoms @Inomsxbt]

Most traders don’t realize they’re getting silently robbed every single day.

Front-running in finance is the ultimate hidden tax:

You spot the setup → place your order → bots, whales, or insiders see it first → they jump the line and extract value from YOU.

Result?
- Worse fill prices.
- Extra slippage.

Billions drained from retail traders yearly across stocks, forex and especially crypto perps.

@DDX_Official finally solves this problem!

[Aditya Palepu @apalepu23]

The crypto derivatives market is trapped in a cycle ♻️:

🔴CeFi platforms dominate ($100-200B daily volume)
🔴DeFi struggles (just 3-5% of volume)
🔴Users forced to choose between performance OR security

Here's how DerivaDEX breaks this cycle 🧵

[DerivaDEX @DDX_Official]

The #derivaDEXtestnet is open and the trading competition has started!

💫 https://t.co/O50qgt3xqQ

[Tyler Winklevoss @tyler]

The Future is DeFi. $GUSD is now supported for insurance mining on @DDX_Official, a next generation derivatives exchange protocol. https://t.co/nIPXGUo2tu

[casslin @thulynnn]

保险挖矿 @DDX_Official 已启动！

[Frederic Fortier @fredfortier]

@VladZamfir For common wisdom ideas, I would first look at their originating era and potential economic value.

[DerivaDEX @DDX_Official]

Who funds the insurance funds? These funds can be worth hundreds of millions of dollars, and they are critical for leveraged trading.

https://t.co/BQ6DtZzHKy

[Frederic Fortier @fredfortier]

@tomhschmidt Bloomberg is telling us that allocating capital towards business owners is problematic, that it should all go to the community. This vaguely reminds me of an old book I once read.

[Frederic Fortier @fredfortier]

@AdamSinger @sftechworker I don’t claim to deserve more than any equally hardworking person. But I always thought that salaries were primarily driven by the market. Increased supply normally drives down prices, so I simply wanted to better understand your insights.

[Frederic Fortier @fredfortier]

@AdamSinger @sftechworker How do you calculate that “what you’re worth” stays constant as the value of locality decreases? It seems to me that locality requirements significantly increased scarcity.

[Frederic Fortier @fredfortier]

@AdamSinger In a free market, those salaries increased in proportion to the difficulty of moving to the Bay Area, with a scarcity premium for employees willing to negotiate. Opportunities to keep one without the other will get arbitraged away as fast as employers devalue locality.

[Frederic Fortier @fredfortier]

@HML_Compounder @AdamSinger The financial crisis largely explains this discrepancy. A crash gives an entry to those with a long enough investment horizon (the young people). But it’s access to markets that I consider to be our greatest advantage.

[Frederic Fortier @fredfortier]

@HML_Compounder @AdamSinger Our access to markets offers us a significantly greater selection of high-risk/high-reward opportunities to pursue.

[Frederic Fortier @fredfortier]

@AdamSinger That’s an interesting perspective. I argue that my parent’s generation had no earning opportunity comparable to big tech packages now. The barrier of entry in information tech is much lower than high-paying careers back then. Not to mention the secular bull market.

[Frederic Fortier @fredfortier]

@MalwareTechBlog Just five years ago, “buy the rumor, sell the news” would have been the right trade.

[Frederic Fortier @fredfortier]

@cryptomuser @meeseeking @ka_toos @1inchExchange Assuming market of independent competing arbitrageurs, I’d expect to get the first swap that quotes a spread profitable to at least one arb. So best price in selected AMMs minus taker fees minus finders fee.