Are trendy markets open markets? Markets are a part of our lives in unimaginable methods but have by no means been extra mysterious. At the moment, buying and selling is a recreation of warring algos and enigmatic finance, hooked on obfuscating collateral and hiding system threat. Crypto promised to get us a step nearer to open markets, gifting us excellent and incorruptible collateral in addition to the facility to confirm every part with no scores company or financial institution.
But the mysteries of market construction linger, and are in some new methods worse than TradFi. No one
can contest the pristineness of crypto collateral, however crypto market infrastructure is hooked on its personal
redlining – from the existential CeFi cascade to HFT’s adversarial cousin, MEV.
Vega is the world’s first open protocol for creating, sustaining and aligning markets. It’s a decentralized
launchpad for all buying and selling. In some sense, Vega ideas are greater than a subset of DeFi – they symbolize
an evolution within the historical past of markets. If Vega succeeds, it’ll grow to be a modular galaxy for every part
from market creation to threat modeling and incentive alignment. It marries lively and passive liquidity,
encourages threat mannequin experimentation and finally solves the derivatives trilemma.
A real Blue Ocean alternative, Vega is the multi-verse of markets, dragging humanity out of an adversarial conflict of all and main us to a brand new area race for open liquidity.