This is Part Three of a series of Medium articles that we’ll be releasing in a build up to our launch. In Part One we covered some of the basics of volatility. In Part Two we delved into our first two volatility price feeds, how they are calculated, and gave a historical example of how a trader might use them.

Looking at synthetic tokens in DeFi we believe that the two biggest barriers to liquid markets are collateralization and minting. This article will focus on minting. Specifically, we’ll argue that inverse tokens put two of DeFi’s most important participants (liquidity…


This article is Part Two of a series of Medium articles that we’ll release in a build-up to our launch. In Part One, we covered some of the basics of volatility.

In this article, we’ll give a high-level overview of how the dVIX protocol builds on top of UMA’s synthetics to make volatility tradable. Then we’ll provide more detail about our first two price feeds; ethVIX and iethVIX. We’ll describe how they track ETH volatility and its inverse (respectively) and discuss our initial choices for calculating ETH volatility. Finally, we’ll show how the indexes would have behaved during periods of…


A Paradoxical Problem: Speculation and Accessibility of Game Objects

A paradoxical problem is created when game objects are bought and sold in real world markets. Speculation of an object’s value will draw players to the game but as more players join the best objects will become inaccessible because of cost. This problem is not new. Collectible Card Games (CCGs) have demonstrated that rare cards that give players the most strategic advantage become the most costly and hardest to acquire. A good example of this is the Power Nine in Magic the Gathering.

The rise of crypto-games and Non Fungible Tokens (NFTs) have compounded this problem. Increased valuation of a…

Wade Kimbrough

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store