Synthetix founder compares upcoming futures products to BitMEX’s leveraged perpetual swaps

In an Unchained interview today with Laura Shin, Kain Warwick, Founder of Synthetix, had an interesting answer about new features on the exchange. He described upcoming Synthetix futures products as being comparable to BitMEX leveraged perpetual swaps. “Essentially it (Synthetix) will be a decentralized BitMEX or Derebit or any futures exchange. You’ll be able to

A wild “BitDEX” whitepaper appears

A new eye catching whitepaper has been floating around Twitter recently. BitDEX wants to “build a decentralized BitMEX using priceless financial contracts,” but does the execution live up to its name? Why do people even want decentralized margin? Because transactions on decentralized exchanges are matched through an outside venue, (your wallet) FinCEN doesn’t recognize it

DEX margin trading vs BitMex

Looking at high percentage APR on margin DEX sites like DyDx and Fulcrum can be intimidating when you’re used to seeing .01% funding on BitMex. With a bit of high school level financial math, it becomes more apparent how competitive these exchanges can be for low leverage traders.  Why it isn’t that expensive BitMex charges