Three Key Differentiators of Dango 🍡 The three core features that @dango presents are not something we created from scratch. However, the way we have combined these features into a single powerful product is what sets us apart. 1. Periodic Auctions - A method of matching trade orders at regular intervals. - This prevents bots or arbitrageurs from exploiting real-time price differences, allowing regular traders to trade without disadvantage. - Proposed in academia in 2015 → Currently used in traditional finance (CBOE) and DeFi (injective). 2. Unified Margin - A structure that allows management of Spot and Perp positions within a single account. - Increases capital efficiency and enables the use of various strategies simultaneously. - Initially spread in CEXs like Bybit and Backpack → Later applied in DeFi with GearboxProtocol, mars protocol, etc. 3. AMM Vault (Automated Liquidity Supply Vault) - A system that provides stable liquidity even when the market is volatile. - Offers new...
Unlike some others, we give credit where it's due @dango's 3 main differentiating features, we didn't invent them; although we're confident we are the best in combining them into a strong product: 1. Periodic auctions as the order matching mechanism, for protecting traders against the plaguing issue of arbitrage flow; was proposed in the academia by Budish et al. in 2015, implemented in TradFi by CBOE Europe, and in DeFi by @injective since 2021. 2. Unified trading account that brings spot and perp positions under a single unified margin system, for enhanced capital efficiency, and making possible novel trading strategies; was popularized by the CEXs @Bybit_Official and @Backpack. In the decentralized world, a limited form was first implemented by @GearboxProtocol and later by @mars_protocol. 3. Automated market making vaults that will act as guaranteed liquidity under volatile market conditions, and bring new yield opportunities to retail investors; was invented by...
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