Fermi Labs
@FermiLabs
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The programmable orderbook on Solana. Testnet: https://t.co/1VRfUJPsC0 Whitepaper: https://t.co/CpodEVhIC6
Joined February 2023
Fermi is the first implementation of a capital efficient DLOB architecture, that separates deposit requirements and the ability to place limit orders - potentially unlocking orders of magnitude more capital utilisation than present DEXes. (6/7)
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One of the most specific visions for the future, kudos @aeyakovenko & the solana dev team. While they are focused on building the best possible global state machine that physics allows, we @fermilabs are focused on building the best possible exchange layer atop this absolutely incredible infrastructure. Our thesis is pretty simple - the future on-chain NASDAQ will not use inventory-based orderbooks prevalent today on-chain. Instead, it will utilise an orderbook that is maximally programmable, and atomically composable with all the underlying L1 liquidity. Since that doesn’t yet exist, we’re building it. Solana 🤝 Fermi Labs = Better NASDAQ on-chain.
If you think about science fiction 50 years from now There is still going to be finance I envision it as an atomic single state machine globally synchronized as fast as physics allows We have an opportunity to build that now What else would I be working on? Legend @aeyakovenko
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Bullish CLOB-AMM flippening.
🚨JUST IN: @PhoenixTrade, a decentralized limit order book on Solana, surpassed @RaydiumProtocol to become the second-largest DEX on Solana by 24H volume, hitting over $1B in trading volume for the first time.
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We’re excited to share a working copy of our whitepaper: We model the impact of the intent based order book on Fermi, on market depth, slippage, trading price, and ROI for LPs. [1] see ref 3 in whitepaper. (7/7)
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RT @yettisheep4: We’re often asked for practical scenarios of how @FermiLabs’ “order book of intents” improves market efficiency, on a chai…
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@solana 👀
Solana exceeding Eth's DEX volumes with a fraction of the TVL was an indicator of what's next. In the coming months, the DEX experience on Solana is going to become radically more capital efficient. A quick🧵
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(6/6) The End of TVL? Fermi proves projects don’t need to lock up capital to attract trading. In fact, freeing up capital brings MORE liquidity by empowering users to cross-utilise the same capital across asset pairs. The future of DeFi is all about maximizing capital efficiency.
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