Challenges of building on-chain option AMMs | Daniele Ugolini, Rysk Finance | ETHTaipei 2023

users right now unfortunately are not options Traders on average I don't know I can ask the question right now to many of you and see how many actually are options Trader um even if you traded some options probably you not do that every day but what we can do for retail users is to build Structured Products to be products where retail users can participate in the market using options without actually being active so that's what we can do and that's the best thing about defy so the main challenge I see or like we see a race most of the times like people coming to us and say are you different from this product or what's the difference between you and the other D5 protocol and my answer 99 of the case is like we're not competing with the other protocol and that's extremely important for me because we all win together or we all lose together as D5 that's my view we are building a product for D5 we are building a product for other protocols and we need to work on this together so that's one of the main challenges like to change this attitude and this is not coming from external people most of the time it's like even people in the space retail like there is always this idea how you different from the others yeah it makes sense to us obviously legit question great I can give you a lot of answers but the main thing to keep in mind we are growing the space together and um that's probably something that we stressed a lot and just to give you an idea about this um right now there are a couple of protocols and I can give you names like pods for example that is it will be on stage that is trading with us and the first time we met we were like oh yeah guys I think you're doing options we're doing options on D5 right so technically we are competitor right and now the trade options with us so we have a counterparty they're happy about using us I guess we might ask later but and um so that's the approach that we should have and last thing we just give you another idea now we're about to do a trading competition and instead of having a trading competition by ourselves we're doing a trading competition with another protocol together it's a protocol above volatility products so very similar and the winner of the trading competition has to be the best on both protocol because we believe that you know this collaboration approach is actually the best so I post here I think I'm done here is um I just started basically a QR code for our Twitter as I mentioned we're gonna do a trading competition in two weeks or something like that May 8th I don't even know how far is that date right now but May 8th with another protocol so if you guys like to participate we have amazing prices um just follow us on Twitter the one on the bottom is my personal one if you want to keep asking or you know go deep into it and that's the website so option CMM are challenging no doubt and the key to you know the main challenges we saw all of them but again if you guys like to collaborate or whatever I'm more than happy to talk about it um yeah if you guys have any questions I'm here [Applause] thank you hi [Music] so I want to ask one question that what is the ultimate goal of D5 is it wolfy or inclusive financing of D5 in general or the ultimate goal of D5 like as a space yeah I mean that's one of this philosophical question and everyone else is different views so this is my personal view I think the ultimate goal of finance of D5 star is to build a better Financial system right the one that we had especially when you look at what happened in C5 using grief is completely broken that they use the words of crypto and traditional Finance they put it together and they create a broken system so my ultimate goal is like to create a financial system that obviously transparency matters again transparency in a sense where people are able to see what's going on people know what's what's happened but even more important accessibility um I've been you know traveling a lot of different places recently and everyone is like a small example of day-to-day life but it's hard to go on a different country and trade their products you don't know what's going on like create this Global Financial system that is accessible to anyone that you just require you know your address wallet you can use it and that's even for something like Risk again even if we like to work with other protocols and we see ourselves being one of those products um we believe that there may be other protocols from all around the world creating their product onboarding users that may use options to Edge they may use options to create you know their own aging strategies risk management but yeah this is my view and full final point of D5 is definitely like accessibility and create this Global and better Financial world okay um because of the time constraint that's uh just random class again and then everyone and then you can find you can find Dan around he's gonna stay in Taipei for a while so if you have any question find him yep