A review of the De-Fi scene in April 2021.
Informing the CyberTrade community of developments at CyberTrade and its ecosystem.
Multi-Skilled IT Professional. Roles include; Software Developer, Development Manager and Project Manager/Scrum Master. Solid history of software development and software delivery. Now specialising in Cryptocurrency trading systems and Client Relationship Management (CRM). Founder of the CyberTrade company and the Developer of www.Cybertrade.io website and certain CyberTrade proof-of-concept decentralised applications.
The Big news from Uniswap in March concerns the details of the up-and-coming Uniswap v3.
The leading decentralised exchange has announced major changes/improvements to the way in which it handles liquidity.
In v2 liquidity was provided using a 'constant product' curve. This simple mechanism enabled almost anyone to create or seed a market by providing an equal amount of two paired currencies. Liquidity providers then shared the 0.3% trading fees - nice and simple! The problem is that Uniswap regularly utilises $5bn of capital to support $1bn worth of trades, per day. So it is capital inefficient.
Fast Forward to Uniswap v3 (Release date is 5th May). The plan is to move away from the 'continuous' constant product curve and allow liquidity providers to specify distinct price ranges (Concentrated liquidity positions'), where they want to supply liquidity. The chosen range(s) will have to be managed and that will, unfortunately, favour professional liquidity providers over retail providers. Overall, the liquidity will be substantially more efficient and traders will benefit via even lower fees.
The non-fungible token market has been on the rise recently. But, who would have thought that Christie's auction house would sell an NFT for a staggering $69m and accept payment in Ethereum?
Amazingly, this is what happened on 11th March 2021. when artist Mike Winkelmann (aka Beeple), who creates an artwork every day, sold the first 5,000 days worth of art, in a single collage / .jpg, at auction, watched by 22m people at the end of the auction.
Within the crypto world, the introduction of derivatives such as Futures, Forwards, Options and Swaps are providing secondary markets and are becoming an integral part of the crypto landscape.
The advent of smart contracts, means that derivative contracts can be created programmatically and without a counter party. This means that crypto projects are appearing which enable retail investors to enter areas previously the exclusive zone of professionals.
Derivatives Platforms are taking their rightful place in the crypto ecosystem
The Crypto derivatives space is expanding, with many crypto projects addressing different areas. This is a short list of some of the main projects.
All of these platforms offer multiple potential instruments for CyberTrade to utilise in its quest for yield
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