Epicenter brings you in-depth conversations about the technical, economic and social implications of cryptocurrencies and blockchain technologies. Every week, we interview business leaders, engineers academics and entrepreneurs, and bring you a diverse spectrum of opinions and points of view. Epicenter is hosted by Sebastien Couture, Brian Fabian Crain, Friederike Ernst, Meher Roy and Felix Lutsch. Since 2014, our episodes have been downloaded over 8 million times.
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episode 535: Zhiming Yang: OrBit Markets – Crypto Derivatives and Structured Products
Prolonged range bound markets are a hallmark of bearmarkets and they usually end up chopping inexperienced or over leveraged traders. Customised structured products offer a solution for market participants that want to limit their downside, but also the upside, by introducing knock-outs at certain levels or triggers. Such custom options, usually with lower probabilistic chances of occurring, naturally come at a discount. This allows traders to hedge their risk, while also betting on certain outcomes or market scenarios.
We were joined by Zhiming Yang, co-founder of OrBit Markets, to discuss crypto derivatives and how TradFi expertise applies to customising structured products for crypto markets.
Topics covered in this episode:
- Zhiming’s background in investment banking
- FX derivative products
- Exotic options
- Crypto structured products
- Custom solutions for crypto miners
- Hedging Uniswap V3 impermanent loss
- Options based on prediction markets
- Managing counterparty risk
- Protocolising structured products
- Differences between TradFi and DeFi
Episode links:
- Zhiming Yang on LinkedIn
- OrBit Markets on Twitter
- OrBit Markets website
Sponsors:
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This episode is hosted by Meher Roy. Show notes and listening options: epicenter.tv/535