Anand Gomes - Paradex and the Crypto Derivatives Landscape

May 13, 2024

In this episode, we chat with Anand Gomes, founder of Paradigm and Paradex, two different crypto derivatives products. We begin with Anand’s journey as a derivatives trader, which led him to build Paradigm, an institutional block trading platform for crypto options. After the FTX crash, Anand was inspired to create a new decentralized exchange – Paradex.

We dive into the derivatives market exploring user categories, the popularity of perpetuals, market volatility, liquidations, and the role of convexity. We discuss Anand’s transition to building a decentralized exchange, and their decision-making process for launching on StarkEx. We also explore different bootstrapping mechanisms like user points, institutional liquidity, and long-tail markets.

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