Marek Olszewski

And increasingly, we're just seeing on Uniswap, on Velodrome, on a lot of these exchanges, it's just more and more volume, which is pretty cool to see.

But I think the real exciting thing that's about to happen is there's a Perp Dex that perhaps by the time that this airs will be live, up, down, that X, Y, Z. And their focus really is on just being a Perp Dex for on-chain effects.

Well done.

I love it as well.

Yeah, it's genius in many ways.

And, you know, I think the thesis there is, you know, one, if you want to hedge currency risk, you know, you need something like a perp tax.

And so that will enable that.

But also, arguably, if you're interested in just day trading or investing in crypto, I would postulate that you probably have a better sense

of how your local currency will perform relative to other currencies, then you might have, well, when you think about how some meme coin might perform, right?

Like when it comes to meme coins, it's usually kind of insiders, cabals that are deciding the direction of these things.

If when it comes to on-chain effects, you know, I think it's more the economic market forces driving trade between countries.

And you probably have a fairly good sense

of how that's going.

And so arguably, you know, especially if you add leverage, because obviously these swings are relatively small, but if you add leverage through a prep tax, suddenly this becomes interesting for perhaps the degen crowd who, you know, might have, again, a little bit more alpha than they would on some of these other kind of, especially meme coin type assets.

So I'm really excited for this.

It's going to run 24-7.

It's going to be accessible to everyone in the world.

Hopefully it will be more efficient for bespoke pairs of assets, right?

Like if you want to go from the Nigerian Naira to the Brazilian Real through the corresponding banking system, I think you're going to end up paying a lot of fees.

I think on-chain can be a lot, lot more efficient for that.