Jean Miao: The Permissionless Protocol for Decentralized Perpetual Swaps on Arbitrum

The Delphi Podcast Host and GP of Delphi Ventures Tom Shaughnessy sits down with Jean Miao, co-founder of MCDEX, a next-gen, fully permissionless protocol for decentralized perpetual swaps (perps). The two discuss the entire protocol from V2 to V3, the case for decentralized perps overtaking centralized perps and much more.

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Show Notes

(2:06) – (First Question) – Jean's Background and what brought her to MCDEX.

(6:29) – MCDEX Overview.

(7:56) – What is perpetual swap.

(9:21) – How MCDEX works.

(14:36) – Differences between V3 and V2.

(17:10) – Thoughts on bootstrapping liquidity.

(19:04) – MCDEX target / differences in attracting a different class of trader or investor.

(22:57) – MCDEX's Competition.

(26:48) – How the permissionless market creation works.

(31:21) – What benefits does permissionless market creation give to the long tail of assets.

(35:56) – MCDEX L2 launch.

(38:52) – Lessons learned from halting V2 and going to V3 / why MCDEX switched from V2 to V3.

(45:55) – $MCB, the token.

(49:44) – MCDEX limit orders.

(50:57) – Where to find MCDEX.

Resources:

• Jean Miao: Co-Founder of MCDEX
• MCDEX Website

More

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Disclosures: This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host may personally own tokens that are mentioned on the podcast. Lets Talk Bitcoin is a distribution partner for the Chain Reaction Podcast, and our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product, service or token. Delphi’s transparency page can be viewed here.

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