Defi Board Options Exchange (DBOE)
Updated 13 days ago
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Updated 13 days ago
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Back Updated 13 days ago Updated 13 days agoVision
Building the future of public market infrastructure, with innate capability for non-linear payouts (i.e options) and dynamic listing of new products.
Description
End-to-end market infrastructure with innovative order book trading, clearing and settlement on-chain and seamless integration with digital AML and KYC services.
Our innovative On-Chain OrderBook (CLOB) will set us ahead of our rivals
DBOE recognises the difficulties of integrating traditional CLOB infrastructure into a blockchain environment. The high cost of submitting and modifying orders can hinder efficient price discovery, and maintaining a data structure that adheres to price and time priority matching rules is also expensive. However, DBOE has developed a unique on-chain CLOB architecture that preserves the main features of a traditional CLOB. In contrast to the belief that CLOB is not suitable for decentralised matching, it actually offers high throughput and liquidity scalability, making it an excellent option for providing a decentralised matching mechanism.
Robust Dedicated Market Making (DMM), saving up-to 50x in capital over AMM. Built to leverage our On-Chain Order Book and adapted from the current Uniswap Automated Market Making (AMM) feature to provide higher capital efficiency and increased flexibility to manage risk. Unlike AMM, with DMM functionality, We have the ability to onboard multiple market makers, leading to competitive pricing for the market as a whole.
Mathematically safe risk management with zero counterparty risk.
Margining Options is a complex process in traditional finance. Brokers and exchanges face default risk if they offer options without proper risk management. Small investors are often prohibited from selling options, especially Call options, due to the potential for unlimited losses that could bankrupt them, brokers, or even exchanges. In the DEX world, where trust is lacking and leverage is expected, this is even riskier. However, DBOE has tackled these issues by simplifying margining and risk management. Their Option design is a vertical spread of two regular options, providing a risk-bounded option payoff. DBOE requires full collateral from option sellers and buyers pay the premium as usual, eliminating counterparty or exchange risk (no “FTX-like risk”). Despite the full collateral requirement, option sellers will still find DBOE capital efficient and competitive.
A Strong team with strong presence in Asian.
Advisor board consists of well-known figures in different areas such as 1 math whizz with 3 International Math Olympiad (IMO) Gold Medals and considered top 20 IMO Hall of Fame, a successful Crypto builder who led many big and successful Blockchain and Crypto projects as well as a veteran business manager whose firm is designing Crypto benchmarks for institutions.
The founding team consists of professionals and experts in quantitative finance in trading, product managements for international exchanges, data expert, risk as well as marketing specialist. The team spans across different countries in Asia, Singapore (3), Indonesia (1), Vietnam (1) and Sydney (1).
Ongoing Airdrop with scheduled Go-Live date on 26 June 2023.
Visit us www.dboe.exchange
Achievements
Team Information
Advisory Board
- Vladimir Barzov - Vladimir has worked for majors like Goldman Sachs, Medtronic, and Google across various geographies: the US, Japan, Switzerland and Singapore. He holds a dual bachelor’s degree in Math and Economics from MIT, as well an MBA from INSEAD. He is a math aficionado and has won three gold medals from the IMO. Vladimir is currently with AlphaLab Capital.
- Dias Lonappan - Dias is the Chief Technology Officer (CTO) of SilverBullion group. He is a crypto evangelist and a privacy advocate; a strong believer that the KYC and Identity space is broken and needs to be fixed. Dias was previously involved in the research on Banker’s Risk Taking during the GFC. He created the first few smart contract applications for integrating hard assets like gold and silver into the crypto ecosystem, as well as the first crypto to gold ATM that was featured in Coindesk. He was previously part of a startup that was listed as one of the top 8 Crypto Fintech startups in Singapore.
- James Harris - James is currently the Chief Commercial Officer at Zodia Custody, the crypto arm of Standard Chartered Bank. Prior to this, James held the same role at CCData (formerly known as CryptoCompare)
Founding Team
Vinh Vu (Founder) - Vinh brings a wealth of experience to the team, having served as a senior Derivatives Product Manager for Singapore Exchange (SGX) and most recently Binance. Vinh fully appreciates the disruptive power of Blockchain and has been a strong advocate for it.
Jonathan Seow - Jon brings 15 years of experience in the financial service sector, having held diverse roles throughout his career. He has managed products related to Futures and Options at the Singapore Exchange (SGX) worked on business development initiatives with IHS Market (now part of S&P Global) and managed risk at Credit Suisse.
David Nguyen – Tech Lead David Nguyen is a data expert who is currently working for Aon (Centre for Innovation and Analytics). David has excellent records in the data analytic domain by achieving numerous awards organised by Aon such as Aon Stars Platinum Award or Aon Stars Silver Award. Before Aon, David had brief stints with various banks, the most recent one was with Standard Charter Singapore as a Director of Performance Analytics.
Binh Nguyen - Binh Nguyen is a marketing expert who runs his own digital marketing firm with clients from various industries ranging from telecom to hospitality in Vietnam. With 13 years experience, Binh had held senior positions in tech start-ups, gaming, e-commerce, hospitality and EdTech. Binh obtained a degree in Computer Sciences at the Hanoi University of Sciences and Technology (HUST). By having a deep understanding of the local community, local social channels and network with many KOLs, Binh is committed to promote DBOE to the Vietnamese crypto-savvy community.
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