Vertex yog qhov sib txawv ntawm kev sib pauv hloov pauv (DEX) raws tu qauv muab qhov chaw, perpetuals, thiab kev lag luam nyiaj txiag sib koom ua ke rau hauv ib daim ntawv thov kev sib koom ua ke ntawm Arbitrum.
Vertex yog tsav los ntawm hybrid unified central limit order book (CLOB) thiab integrated automated marketmaker (AMM), uas nws liquidity yog augmented raws li txoj hauj lwm los ntawm pairwise LP lag luam populate phau ntawv txiav txim. Vertex muaj cov nqi roj tsawg tsawg thiab MEV, vim yog kev sib pauv hloov pauv thiab qhov zoo tshaj plaws ntawm cov qauv ntawm Arbitrum txheej ob (L2), qhov twg Vertex cov ntawv cog lus ntse tswj cov kev pheej hmoo ntawm lub cav thiab cov khoom tseem ceeb.
Hauv kev xam phaj nrog Vertex tus co-founder Darius Tabatabai, peb tau tham txog lub zeem muag tom qab Vertex, nws cov kev tshaj tawm pej xeem, nws cov yam ntxwv dav dav, nws txoj hauv kev yav tom ntej, thiab ntau ntxiv.
1. Dab tsi yog lub zeem muag tom qab tsim Vertex? Qhov teeb meem twg yog lub platform tsom los daws?
Vertex lub hom phiaj yog los muab qhov zoo tshaj plaws ua lag luam kev lag luam kev lag luam. Niaj hnub no DeFi yog fragmented, peev tsis muaj peev xwm, tsis paub, hem, thiab tsis yooj yim. Decentralized raws tu qauv yuav tsum tau txo cov kev txwv rau kev nkag mus rau cov neeg siv mainstream yog tias lawv xav sib tw nrog centralized exchanges (CEXs).
Vertex mus txog qhov teeb meem no nrog nws txoj kev sib koom ua ke ntawm kev sib pauv - bundling chaw, perpetuals, thiab kev lag luam nyiaj nrog kev sib koom ua ke. Ua ke nrog phau ntawv txiav txim hybrid-AMM tsim, Vertex tuaj yeem ua tiav qhov qis-latency kev sib tw nrog CEXs thaum tseem muab cov txiaj ntsig ntawm cov dej tsis zoo thiab kev saib xyuas tus kheej ntawm on-chain DeFi apps - tag nrho nrog kev tsim peev ntau dua.
Pairwise LPs los ntawm AMM populate phau ntawv txiav txim, fusing qhov zoo ntawm kev ua lag luam efficiency thiab tus nqi discovery mechanics of order books with the popularity of LP'ing and swapping the long-tail of DeFi assets on- chain.
2. Dab tsi ua rau Vertex sawv tawm ntawm lwm yam DEXs hauv qhov chaw crypto?
Muaj ob peb qhov tseem ceeb ntawm Vertex cais nws los ntawm cov neeg coob coob DEX teb.
Ua ntej, Vertex muab tag nrho-hauv-ib DeFi kev paub los ntawm kev sib koom ua ke peb qhov tseem ceeb ntawm DeFi rau hauv ib daim ntawv thov. Cov neeg siv tuaj yeem ua lag luam los ntawm kev mus ntev / luv luv crypto cov cuab tam nrog qhov chaw lossis qhov chaw nyob, qiv / qiv nrog lub khw muag nyiaj, lossis kev ua lag luam LP ua ke nrog cov saw hlau AMM. Qhov no txo cov nqi pauv ntawm kev hloov pauv ntawm siled DeFi apps thaum muab kev sib pauv peev nyiaj ntau dua rau ntau hom neeg siv.
Qhov thib ob, Vertex tus qauv tsim tshwj xeeb ua rau nws zoo rau kev hloov pauv mus rau hauv qhov chaw muaj kuab paug rau Arbitrum thiab thaum kawg rau ntau ntawm DeFi. Tshwj xeeb, cov txiaj ntsig ntawm bundling ntau yam khoom rau hauv ib lub cav sib koom ua ke pab txo qis cov kev xav tau ntawm cov paj thiab muab peev nyiaj ntau dua hauv kev nthuav qhia txoj haujlwm hauv kev ua lag luam. API / SDK kuj tseem ua rau HFT-phooj ywg kev lag luam, thaum tso cai rau DeFi cov apps siv los siv cov nqi qis thiab kev ua haujlwm qis qis ntawm DEX. Zuag qhia tag nrho, qhov kev paub yog npaj los xav zoo li kev lag luam ntawm CEX dua li cov qauv DEX uas lwm cov ntawv thov DeFi tuaj yeem siv nws cov qauv.
Qhov thib peb, Vertex's Hybrid Orderbook-AMM qauv pab tus nqi nrhiav tus txheej txheem nyob rau hauv ib txoj kev uas tsis yog yam ntxwv ntawm feem ntau incumbent DEXs. Piv txwv li, thaum phau ntawv txiav txim txhawb nqa qhov kev txiav txim qis qis qis, AMM ua kom muaj kev tiv thaiv censorship thaum txhawb nqa cov cuab tam ntev ntawm cov saw hlau. Liquidity los ntawm ob phau ntawv xaj thiab AMM yog fused ua ke los txuas qhov sib txawv ntawm kev lag luam tawm feem ntau pom ntawm qhov nruab nrab-txheej txheem phau ntawv sib pauv (CLOBs) thiab AMMs.
Nrog rau phau ntawv kev txiav txim sequencer, Vertex tuaj yeem ntsuas qhov dej tau zoo dua thaum tseem ntxiv cov cuab yeej cuab tam ntev DeFi nrog tus nqi qis dua thiab kev ua tau zoo dua.
3. Yuav ua li cas lub platform pej xeem mainnet tso tawm ntawm Arbitrum propel Vertex rau pem hauv ntej hauv crypto ecosystem?
Peb lub ntsiab KPI yog ntim. Cov pej xeem tseem ceeb tshaj tawm nyob ze rau lub Plaub Hlis yog qhov kev sim siab tshaj plaws rau peb lub zeem muag, thiab peb tau ua qee qhov ntim tau zoo nyob hauv kwv yees li 3 lub lis piam txij thaum ntawd los, nrog rau peb qhov siab tshaj plaws 24-teev ntim ntau dua $ 60 lab nyob rau hauv tag nrho tsuas yog 4 tag nrho. qhov chaw thiab perpetual khub. Lawm, ib txwm muaj ntau dua los ua thiab txhim kho raws li (thiab ntau cov ntaub ntawv rau pej xeem), tab sis peb ntseeg siab tias cov phiaj xwm yuav los tom ntej yuav pab coj peb mus rau qhov chaw uas peb xav mus.
Raws li ntau cov peev nyiaj ntws mus rau hauv Arbitrum, Vertex yog tsom mus ntes ib feem tseem ceeb ntawm kev ua lag luam rau kev lag luam ntawm Ethereum. Ntau qhov kev siv zog cuam tshuam txog kev ua kom pom lub hom phiaj mus sij hawm ntev ntawm Vertex suav nrog kev pab tsim kom muaj kev sib koom ua ke nyob ib puag ncig Vertex (xws li, delta-neutral vaults, kev xaiv, thiab lwm yam), tso ntau yam nta uas cov neeg siv xav tau thaum lawv pauv ntawm ib qho. pauv (xws li CEX los yog DEX), optimizing cov khoom, thiab scaling liquidity mus rau qhov chaw uas Vertex yog qhov nyiam trading venue rau Ethereum cov neeg siv.
4. Koj puas tuaj yeem piav qhia txog qhov "off-chain" programming siv los ntawm Vertex kom ceev cov kev lag luam?
Yog lawm, qhov no yog ib lo lus nug zoo. Vertex siv ib qho off-chain sequencer uas tuav phau ntawv xaj thiab lub cav sib xws. Lub sequencer muab 15 - 30 millisecond latency. Qhov no yog lub sijhawm nws yuav siv sij hawm rau kev ua lag luam xaj kom puv tom qab tso nws. Qhov ceev no yog piv rau cov kev sib pauv hauv nruab nrab feem ntau. Hauv kev sib piv, latency ntawm on-chain DEXs feem ntau yuav yog ib qho haujlwm ntawm lub hauv paus blockchain lub sijhawm thaiv. Tsis muaj blockchains muaj lub sijhawm thaiv ntawm 30 milliseconds, yog li Vertex's sequencer ua rau nws nrawm heev.
Kev nrawm tsis yog qhov txiaj ntsig ntawm cov sequencer nkaus xwb, txawm li cas los xij. Cov neeg lag luam tsis siv neeg zoo li cov tuam txhab lag luam ua lag luam thiab cov tuam txhab lag luam loj tuaj yeem txuas mus rau qhov sib txuas ntawm API lossis SDK. Lawv tuaj yeem hais txwv cov lus txiav txim kom muab cov dej sib sib zog nqus rau kev sib pauv thiab ua tiav kev lag luam sub-thib ob arbitrage kom ntseeg tau tus nqi sib xws nrog lwm qhov chaw lag luam. Deep liquidity thiab tus nqi sib xws yog cov haujlwm tseem ceeb hauv kev lag luam. Ua ke, lawv txhawb kev nrhiav tus nqi zoo dua.
Lub sequencer kuj tseem muaj cov kev tiv thaiv tseem ceeb uas cov haujlwm tseem ceeb ntawm DEX tseem nyob hauv-chain ntawm Arbitrum. Piv txwv li, tag nrho Vertex cov khoom tseem ceeb logic, liquidations, thiab kev saib xyuas yog tswj nyob rau hauv-chain zoo ib yam li lwm yam DEXs. Lub sequencer yeej tsis saib xyuas ntawm
cov khoom muaj nqis los tsis tuaj yeem ua lag luam lossis tso tseg kev lag luam thiab rho tawm. Vertex khaws cia qhov zoo ntawm kev saib xyuas tus kheej thiab kev sib haum xeeb ntawm cov saw hlau.
Yog hais tias tus sequencer yuav puas tau poob mus, cov txheej txheem rov qab mus rau nws lub xeev qub, hu ua "Slo-Mo" hom, uas tsuas yog cov saw hlau AMM tsis muaj phau ntawv xaj.
Nws yog ib qho tseem ceeb uas yuav tsum nco ntsoov tias thaum lub sequencer yog tawm ntawm txoj saw, nws kuj tseem tuaj yeem faib tawm raws sijhawm los ntawm kev siv cov kev faib tawm ntawm cov sequencers tswj los ntawm Vertex DAO, uas yog txoj kev npaj thaum DAO pib.
5. Hybrid Orderbook-AMM Design ua kom muaj txiaj ntsig zoo ntawm Vertex li cas?
Hybrid Orderbook-AMM tsim txhim kho kev ua tau zoo nyob rau hauv ob txoj hauv kev, ib qho uas tau hais rau yav dhau los: lub peev xwm los fuse qhov qis-latency thiab kev ua lag luam efficiency mechanics ntawm phau ntawv txiav txim off-chain nrog passive liquidity thiab kev tswj tus kheej ntawm lub on-chain AMM.
Qhov thib ob txoj kev yog me ntsis ntau nuanced thiab revolves nyob ib ncig ntawm miner extractable tus nqi (MEV). Yeej, ntawm Ethereum txheej ib, validators uas qhov kev hloov pauv mus rau hauv cov blocks tshiab tuaj yeem ua qhov tseem ceeb ntawm kev lag luam los ntawm lawv lub peev xwm los suav nrog, cais, lossis rov xaj kev lag luam hauv cov blocks lawv mine. Cov nyiaj tau los uas cov miners tuaj yeem ua tau los ntawm cov sijhawm zoo li no yog MEV.
Tus nqi muab rho tawm los ntawm cov maneuvers tau dhau los ua qhov muaj txiaj ntsig zoo, thiab feem ntau suav tias yog xoom-sum xyaum uas tuaj yeem tsim cov tshuaj lom neeg ntawm cov saw hlau - feem ntau rau cov neeg siv khoom muag uas yuav tsis paub txog pem hauv ntej-khiav los ntawm MEV bots ntawm cov txiaj ntsig kev lag luam. Qhov no "extracts" tus nqi los ntawm cov neeg siv ntawm lawv cov nuj nqis, nrog rau MEV tus neeg teb xov tooj tau txais txiaj ntsig.
On-chain order book DEXs kuj tseem muaj kev cuam tshuam rau MEV, qhov twg ntawm kev ua haujlwm ntawm cov saw hlau pom tau rau "Tsev Hav Zoov" ntawm bots uas rho tawm tus nqi los ntawm kev xaj rov xaj dua, cais tawm, lossis suav nrog. Xws li bots tau dhau los ua qhov chaw.
Ntawm Vertex, qhov muaj nyob ntawm phau ntawv txiav txim off-chain ua rau kev lag luam ua tiav ntawm thawj-hauv-thawj-tawm-tawm (FIFO) hauv paus yam tsis muaj kev cuam tshuam rau ntawm cov saw hlau MEV bots. Tsis tas li ntawd, txij li cov sequencer ua haujlwm ntawm lub sijhawm millisecond latency sijhawm, nws nyuaj rau cov txiaj ntsig los ntawm MEV txij li kev khiav haujlwm pem hauv ntej piv rau lub sijhawm thaiv ntev ntawm Ethereum txheej ib - txo qhov kev txhawb siab rau MEV ntawm Vertex daim ntawv xaj.
Piv txwv li, cov ntawv txiav txim ntawm cov saw hlau tsim los ua MEV-tiv taus feem ntau siv qee yam hu ua nquag batch auctions (FBA), uas yuam txhua tus nqi kom zoo ib yam ntawm qhov tsis sib xws. FBA qhov tsis muaj zog yog tias muaj txhua qhov kev lag luam tshwm sim ntawm tus nqi tib yam tshem tawm qhov kev sib tw-nug. Tus neeg tsim khoom lag luam cov nyiaj tau los los ntawm kev sib tw-nug, yog li FBA yeej tsis cuam tshuam cov peev txheej. Qhov tshwm sim yog ntawm chav kawm qis liquidity thiab ntau dua volatility.
Kev xav txog qhov teeb meem ntawm MEV yog qhov nyuaj, thiab nws yog qhov chaw txaus nyiam ntawm kev tshawb fawb tsis tu ncua. Feem ntau, Vertex tus tsim nrhiav kom txo tus nqi rho tawm los ntawm cov neeg siv.
6. Cov txiaj ntsig zoo li cas Vertex's cross-margin tsim muab rau cov neeg siv raws li kev tswj hwm cov ntaub ntawv zoo?
Cov lus teb yooj yim yog qhov hla cov paj tau ua rau koj ua ntau ntxiv nrog koj cov peev. Nws pab txo qis qhov yuav tsum tau ua, ua kom zoo dua qhov kev pheej hmoo / nqi zog, thiab txo qhov kev pheej hmoo ntawm ib txoj hauj lwm liquidation. Vertex's unified cross-margin tso cai rau tso nyiaj, PnL, thiab txoj haujlwm los pab txhawb rau tus account cov paj.
Piv txwv li, yog tias koj muaj 1 wBTC, koj yuav tsum muaj peev xwm luv 1 wBTC perpetual nrog qhov cuam tshuam me me rau koj cov peev nyiaj ntxiv rau kev lag luam txij li cov haujlwm sib txawv, qhov twg qhov redundancy tau txais kev lees paub los ntawm cov txheej txheem. Qhov no yog txwv tsis pub cov paj laum, qhov twg 1 wBTC perpetual txoj haujlwm luv luv yuav xav tau cov npoo ntxiv rau saum 1 wBTC chaw tuav ntawm tus neeg siv.
7. Tham nrog peb txog qhov chaw vertically-integrated thiab perpetual nta muab los ntawm lub platform.
Spot thiab perpetuals yog ob qho tib si pauv tau ntawm Vertex. Tab sis qhov tshwj xeeb tiag tiag yog tias ob lub lag luam tau koom ua ke nrog kev lag luam nyiaj txiag uas pab txhawb kev ua haujlwm ntawm kev qiv nyiaj nrog rau cov txiaj ntsig tsis zoo ntawm txoj haujlwm ntawm qiv.
Txhua yam tsis paub txog PnL thiab lwm yam khoom muaj nqis tau raug suav rau ntawm cov kev cai margin rau ib qho kev lag luam uas siv leverage. Peb lub lag luam sib koom ua ke - qhov chaw, perps, thiab kev lag luam nyiaj txiag - ua kom muaj peev txheej ua tau zoo yav dhau los tsis tshua muaj nyob hauv DeFi.
8. Vertex lub hom phiaj ua lub luag haujlwm tseem ceeb hauv kev nyiaj txiag ntawm lub neej yav tom ntej li cas?
Peb ntseeg tias kev lag luam ntau dua yuav sib koom ua ke ntawm Vertex raws li tib neeg pom tus nqi ntawm kev sib koom ua ke DEX vertically thiab cov txiaj ntsig zoo sib xws ntawm kev ua kom tau txais txiaj ntsig zoo tshaj plaws yam tsis muaj kev cuam tshuam qhov qis-latency kev ua tau zoo ntawm CEXs.
9. Dab tsi nyob tom ntej ntawm Vertex lub neej yav tom ntej txoj kev?
Tam sim no peb tau tsom mus rau kev sib koom nrog cov neeg siv tswv yim, txhim kho pem hauv ntej kawg, ntxiv cov yam ntxwv tshiab xws li kev lag luam ib-nias (nrog rau kev txiav txim siab), thiab sau cov khoom muaj nqis tshiab rau cov neeg lag luam thiab siv los ua khoom lag luam.
Peb tau khaws cia niam txog qee yam ntawm cov yam ntxwv yav tom ntej thiab kev hloov kho app txij li pib dua li saum toj no, tab sis muaj qee qhov kev tshaj tawm zoo siab nyob rau lub sijhawm nyob ze uas yuav tsum tsim kom muaj suab nrov ntawm cov tub lag luam raws caij nyoog thiab cov neeg siv khoom muag zoo ib yam.
Yog xav paub ntxiv txog Vertex, thov mus saib lawv lub vev xaib official.
Kev tsis lees paub: Qhov no yog tus nqi them thiab yuav tsum tsis txhob raug kho ua xov xwm / lus qhia.
Tau qhov twg los: https://ambcrypto.com/an-all-in-one-defi-experience-interview-with-vertex-co-founder-darius-tabatabai/