The Case for On-Chain Derivatives
summary
Argues that on-chain derivatives fix transparency and systemic risk by shipping a live primitive called Hero composed of dexterity (open‑source Solana smart contracts for any payoff) and spandex (a real‑time portfolio risk and margin engine). Claims portfolio margining cuts isolated‑margin needs by 90–95% for offsetting positions, runs inline risk updates on every trade, uses Pyth/Jitzu oracles and an asset‑agnostic order book, accepts USDC collateral, and is live with growing integrations but no native frontend.
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chapters (5)
- 0:00On-chain derivatives intro
- 4:00Traditional derivatives problems
- 7:15Hero DeFi’s solution
- 11:11Spandex risk engine
- 16:51Call to action
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