I'm here if you have questions! More details here: https://blog.dlcmarkets.com/

Just saw that but thanks!!

Thanks!

Thank you!

We're happy with the web app for now!

A derivatives trading platform built on Lightning, live since 2020!

Yes sir, we're market making on LNM and hedging on other venues

Glad you like it!!

thanks!

maybe just need a refresh or empty cache sir!

Looking forward to it!

let's do that in a couple weeks! we have a couple cool announcements to come, and would be happy to do that after!

Thank you!

Oh and sorry, indeed I had not seen your June's post So for futures & options, we hedge our clients' positions on Bitmex & Deribit. (We have never had any exposure to FTX)

Hey, ok guilty of pre-announcement of an announcement, but we're cooking something.. Might take a while though

Hey Jeff, thanks a lot for sharing this.

This is very valuable feedback, much appreciated. We're always trying to find more innovative ways to be more transparent. And the recent events can only confirm that direction.

Do you think just publishing a number (open position, PL, etc) is the right way to do it? Could there be more trustless ways?

We're thinking about this too, and we plan to come with concrete stuff soon.

Best, Romain

Try out this one, this may make you like soccer!

Cool!

Thanks!

Welcome!

Hey Jeff,

Sorry, just saw your message!

Yes, we act as counterparty to every trade on the platform. I should have also added added that we hedge all our risk in the market. So we have no directional exposure whatsoever. In that sense, we follow the classical broker dealer model.

We chose the broker dealer model because the value proposition of LN Markets is on instant trading, straight from your wallet, and we wanted to ensure no liquidity issue, which could be the case when you bootstrap an exchange. However, we have sufficient liquidity on our platform to think about moving to an order book model, a move we might make later.

What do you mean by "It can also work longer, if you're structurally padding contract prices with an arb-like pricing spread in your favor. If you're doing this, the internet will catch you eventually and it could end your business when you least expect it." ?

Does that make sense to you? Thanks for your concern and sure, we would be happy to arrange a call to discuss further.

All the best, Romain