#16 SeiNetwork
SeiNetwork DeFi specific blockchain specialising in trading
In this thread
Tldr what is sei
Why might it be a gem?
DeFi protocols in #Sei
Summary & Opportunities
TLDR
@SeiNetwork is a layer 1 block chain focusing in trading, optimising exchanges to offer best UX Core features
Native order matching engine - drives scalability of orderbook DEXs built on Sei
Chain finality ~600ms
Twin-turbo consensus - improves latency and throughput
Frontrunning protection - combats malicious frontrunning that is rampant in other ecosystems
Market-based parallelization - specialized parallelization for #DeFi
Why might it be a gem?
Sei optimises in speed, finality and features specific toward trading.
It is a #cosmos SDK base with IBC enabled chain, meaning it can be connected seamlessly with other cosmos chains.
Although it’s still early stage of the project but if it does deliver in providing a good trading experience with #Cosmo’s composable design. I can only imagine the number of DeFi legos that can be built on top. ( a bit of hopium, very early stage )
List DeFi protocols on Sei
U need projects n gud devs on a chain to make it great, lets quickly go thru them!
“building disneyland for derivatives”
Cyphe is a trading engine built originally on SOL. They are expanding into the SEI ecosystem.
They offer
Single-token Futures
Dated Futures -Margine spot markets (Openblook’s order-books)
Derivatives markets (AOB Asset agnostic order-book)
Master & Sub account to manage trader’s position
Decentralise copy trading & farming that were originally built on BSC
Incubatee of Binance incubation program season 3
”master” create trades or farms, users to follow
Pretty early, but it looks like its something around Real World Asset. I have joined their discord, will keep u guys posted!
Early no docs yet. From tweets looks like they are a AMM, lending market & staking pool built on sei with plans to integrate with bAssets on cosmos.
It is a multi-chain Dex with a bit gamefi Staking reward, NFT market market. It is live/coming soon on @AptosLabs @SuiNetwork, @KCCOfficialTW @BNBCHAIN
Early but seem like It is a dex (maybe perpetual ) that allows users to trade “ancient assets, commodities & forex. Their marketing on medium with storytelling is pretty interesting, keen to learn more about their product.
A Decentralized derivatives platform that is originally built on dot. Notable investors such as @polychaincap @jump_ , @gavofyork , @AcalaNetwork , @AstarNetwork
@ParallelFi , Not much docs yet, but with this investor list, it is wise to keep an eye on it.
Synthr allow users to mint&trade onchain derivatives. It’s architecture reminds me of SNX, Debt base minting of derivatives. Their documents are the most ready in compare with other SEI native protocols, need to do another deepdive into it.
From what I know right now, they have synthetic CDPs, swaps & farms.
Vortex is decentralized derivatives exchange for IBC chains. Key features
Perpetual future ( up to 10x leverage )
Decentralized Orderbook
Cross-Collateral
Cross-margin
IBC enable
A little birdy tell me to keep an eye on them, just saying.
Summary & opportunities
Sei is a high performance chain design for defi, although it might compromise a bit on decentralisation a bit but as the market has proven from BSC, SOL it has an appetite for it.
As early eco-system there will be lots of incentives, early farms, ideally innovative protocols as well. I missed out on the apto but i am keen to keep an eye on sei. Thank you for reading
