Sagun Garg

3 x Founder/CTO (15+yrs), 2 x CTO Advisor, 3 x EIR, 9+ Polyglot Programmer, ex-Deloitte, B-Tech(CS).

[3 x Startups] [GitHub] [X/Twitter] [Blog] [Google Scholar]
Written by Sagun Garg
on 

September21-Cryptoeconomics: Construct Skills Defi

Cryptoeconomics

Defi / Smart Contracts

Decentralized finance (DeFi) - The term decentralized finance (DeFi) refers to an alternative financial infrastructure built on top of the Ethereum blockchain

P2P Protocols

Constructs

  • Block Explorer (Analyse UTXOs for Different Cryptos)
  • Staking
  • Custodian to store Digital Assets
    • Fidelity
    • BitGo

Skills

  • Obsession with “prediction markets”/information markets: Familiar with pertinent literature (Hanson, Othman, etc), used various products (including Polymarket), and tried and failed architectures of past attempts
  • Familiarity with variations of these markets, such as Decision Markets, Combinatorial Markets, Futarchy, and so on.
  • Deep understanding of Automated Market Makers / AMMs (Uniswap, Curve, Balancer, LMSR, LS-LMSR, Impermanent Loss), as well as alternative market structures
  • Deep understanding of oracle design and staking economics
  • Full understanding of Ethereum + scaling challenges and potential solutions
  • Active on crypto twitter and in DeFi community, stay up to date with what’s going on
  • (Plus) technical understanding of smart contracts + smart contract development
  • Architecting new cryptoeconomic systems (AMMs, market structures, oracles, incentive programs) for Polymarket
  • Research all similar architectures (read whitepapers + study contracts and cryptoeconomics) and identify what’s most applicable to Polymarket, and brief the rest of the team
  • Technical writing
  • (Plus) Smart Contract development
  • Have LP’d in an AMM protocol before, for either subsidies (yield farming) or fees
  • Participated in on-chain governance: both soft signaling and on-chain votes or delegation
  • Written and/or published a Cryptoeconomics post or paper
  • Past active participation in any given crypto project’s community
  • Intricately understanding the existing architecture and incentives (AMMs, L2, core smart contracts)
  • Prior experiene of building & deploying an ethereum-based product
  • Understanding of the compliance and regulatory requirements around crypto assets
  • Deep understanding of crypto projects, their lifecycle, roadmap, community and the potential impact of listing the project on leading crypto exchanges
  • Knowledge of the cryptocurrency exchange space
  • Ability to gauge the business and technology impact of a crypto project (ex. Whitepaper analysis)
  • Ethereum
    • Deep understanding of existing and upcoming Ethereum-based protocols plus overview of the ongoing research in the area
    • Keep up to date on upcoming Ethereum-based protocols and assets and collaborate with internal teams about listing and integration opportunities.
    • Stay abreast of important developments in the Ethereum and other relevant token communities in order to assess opportunities/risks for crypto platform products
    • Drive prioritization conversations for Ethereum-related asset listings, staking, DeFi integrations, and L2 solutions
    • Identify new cross-chain product opportunities and possible synergies/efficiency gains
    • Work closely with and support product decision-making for both the Staking & DeFi Product Managers and the Crypto Funding & Infrastructure Product Managers focused on other areas (Substrate, Tendermint, Solana, etc.)
    • Research, prioritize, implement, and help to maintain Ethereum Layer 2 product solutions
    • Research, prioritize, and help to implement Ethereum-based DeFi protocols

Prior crypto, trading, gaming, banking or fintech relevant experience is required

Research (TL;DR)

  1. Polymarket :(Bet on your Beliefs) is an information markets platform that lets you trade on the world’s most highly-debated topics (e.g. coronavirus, politics, current events, etc). On Polymarket, you build a portfolio based on your forecasts and earn a return if you are right. Polymarket is a leading source of unbiased and real-time data about future events.
  2. Cryptocompare :

References