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Zhiming Yang: Orbit Markets – Crypto Derivatives and Structured Products

Episode Summary

We were joined by Zhiming Yang, co-founder of Orbit Markets, to discuss crypto derivatives and how TradFi expertise applies to customising structured products for crypto markets.

Episode Notes

Prolonged range bound markets are a hallmark of bearmarkets and they usually end up chopping inexperienced or over leveraged traders. Customised structured products offer a solution for market participants that want to limit their downside, but also the upside, by introducing knock-outs at certain levels or triggers. Such custom options, usually with lower probabilistic chances of occurring, naturally come at a discount. This allows traders to hedge their risk, while also betting on certain outcomes or market scenarios.

We were joined by Zhiming Yang, co-founder of Orbit Markets, to discuss crypto derivatives and how TradFi expertise applies to customising structured products for crypto markets.

Topics covered in this episode:

Zhiming’s background in investment banking
FX derivative products
Exotic options
Crypto structured products
Custom solutions for crypto miners
Hedging Uniswap V3 impermanent loss
Options based on prediction markets
Managing counterparty risk
Protocolising structured products
Differences between TradFi and DeFi

Episode links:

Sponsors:

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This episode is hosted by Meher Roy. Show notes and listening options: epicenter.tv/535