The Future of Speculation ft dYdX, FutureSwap

What perpetual swaps mean on Ethereum and how they compare to securitisation and pure synthetic assets as a medium for speculation

Introduction

It was only 2 weeks ago when I wrote a piece around the upcoming derivative primitives on Ethereum and some players that were competing. Turns out plenty changes in 2 weeks since both dYdX and FutureSwap went live with their future markets!

Before we carry on, quick recap on what futures are:

  • Future markets traders to trade an asset with it's

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