Transcription of Maladex White Paper v1
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Maladex Research-Driven Cardano DEX. White Paper v1. Jarek Hirniak 21 October 2021. Abstract Maladex 's goal is to revolutionize the Decentralized Finance (DeFi) ecosystem by application of research rigour and quantitative modelling expertise from Tradi- tional Finance (TradFi). In doing so, we are going to make the entire ecosystem more efficient and provide novel revenue generating streams. We propose a rev- olutionary execution model based on the concept of programmable swaps. The proposed approach completely eradicates impermanent loss, significantly increases capital efficiency, and is poised to render market making and price discovery much more efficient. Building on the foundation of programmable swaps and on-chain autonomous code, we're developing a platform which enables a multitude of alpha generating products. These products could include passive investments such as crypto indexes, through synthetics, and financial derivatives, to programmable trading strategies akin to those employed by top performing market makers and hedge funds in tra- ditional finance.
In contrast, theDeFiscenario is quite the opposite. InTradFiall mathematical models, hardware, and software are optimized to perfection, whereas inDeFibasic and simple for-mulas and solutions are in use. This is purely due to how young and small (in comparison toTradFi) the cryptocurrency market is, and especiallyDeFi.
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