Munair Simpson

The Auric Network (“Auric”) created a digital currency that is pegged to the price of gold through programmatic supply fluctuation. In aspiring to create a synthetic commodity money that will become the cornerstone of decentralized finance (“DeFi”) on the Ethereum Network, the Hong Kong based blockchain solutions company left nothing to chance.

dYdX sucks in many ways, but the inability to execute a stop loss is chief among them. The decentralized exchange (or DEX) has a 24 hour volume of around 57,000,000 ETH, so margin traders are forced to deal with dYdX’s stop loss function if they need it and also desire trading on a fairly active DEX.

The DDEX team recently unveiled its new margin trading facility to the general public. The new margin trading solution has been going through a rigorous beta test over the last few days of volatile cryptocurrency trading. Last week, CoinCentral’s Munair Simpson had the occasion to sit down with Tian Li, DDEX cofounder, at his office in Seattle. The interview was focused on the design choices made by Tian and other members of the DDEX team.