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Carmen Li

πŸ‘€ Speaker
328 total appearances
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Odd Lots
Carmen Li's Plan to Build a Futures Market for Compute

So it's going to take some time, so we have to engage with a lot of participants, make sure they have the right setup.

Odd Lots
Carmen Li's Plan to Build a Futures Market for Compute

I'll give you a server wafer.

Odd Lots
Carmen Li's Plan to Build a Futures Market for Compute

That'll be fun.

Odd Lots
Carmen Li's Plan to Build a Futures Market for Compute

So for the CME futures will be financially settled.

Odd Lots
Carmen Li's Plan to Build a Futures Market for Compute

Just like.

Odd Lots
Carmen Li's Plan to Build a Futures Market for Compute

the traditional oil settlement process goes.

Odd Lots
Carmen Li's Plan to Build a Futures Market for Compute

For contracts, obviously we do four right now at Compute Exchange, but we're always open to do, you know, physically deliver futures, especially given we do have Silicon Mark, which is GPU benchmarking.

Odd Lots
Carmen Li's Plan to Build a Futures Market for Compute

So imagine in the future you can do, hey, I want a 20 grade A, B200, this configuration, this shape of servers in US East.

Odd Lots
Carmen Li's Plan to Build a Futures Market for Compute

And then at the end, we'll get that.

Odd Lots
Carmen Li's Plan to Build a Futures Market for Compute

Well, usually API costs, so you don't get physical and it's not as cool as physically give you away wafer, but you get API costs.

Odd Lots
Carmen Li's Plan to Build a Futures Market for Compute

The beauty of CME is you can do the same thing you're doing now, trading CME products.

Odd Lots
Carmen Li's Plan to Build a Futures Market for Compute

The same process, same margin.

Odd Lots
Carmen Li's Plan to Build a Futures Market for Compute

That's why you get great margin optimization, right?

Odd Lots
Carmen Li's Plan to Build a Futures Market for Compute

Everything is BAU.

Odd Lots
Carmen Li's Plan to Build a Futures Market for Compute

It's no different.

Odd Lots
Carmen Li's Plan to Build a Futures Market for Compute

We don't have anything right now.

Odd Lots
Carmen Li's Plan to Build a Futures Market for Compute

Exactly right.

Odd Lots
Carmen Li's Plan to Build a Futures Market for Compute

Not at all.

Odd Lots
Carmen Li's Plan to Build a Futures Market for Compute

So we actually work with Polymarket last year.

Odd Lots
Carmen Li's Plan to Build a Futures Market for Compute

Someone actually listed my product at Polymarket with my consent.