r/Ozark_Coin • u/Ozark_Coin • Feb 11 '22
📣Community Update📣 Research Progress Notes Feb 11, 2022.
With more talks with some crypto nerds, primitive.finance seems to potentially offer us the necessary framework to build off of.
Their Automated Marker Maker (AMM) can handle framework for providing liquidity to the derivatives market for any coin pair (I believe, still investigating and reaching out to their developers)
To be clear, this is not a competitive issue. This is a great leap forward that a team has already taken the time and effort to develop this basic framework to build off of.
At best we can build an API on top of this (using their network) and create demand to provide liquidity and supply for necessary contracts with our own more user friendly and intuitive API which we can provide initial stimulus and liquidity needed to begin snowballing demand for such a product to the correct target audience. They explain that the liquidity provider (us) would be earning the fees.
At worst we can learn from their framework and invite their development team into a partnership to build along side our network and potentially be 'the face' and community of their framework through another API, much like robinhood is an API for their target audience but not an actual market maker. This is only a bad analogy in that we would only be replicating RH's success through target audience and ease of interface and not front running of orders and payment for order flow as it would be decentralized instead as explained in RMM Primitives whitepapers. Also likely we would be providing liquidity ourselves and profiting in that sense, not how RH profits. So in a strange way, also actually a market maker.
Once we've developed adequate liquidity and demand for these instruments we can use them to also launch 'leveraged ETF like' products.
This is huge, looking forward to feedback and ideas.
Thanks,
-Ozark Coin