Vortex Protocol
414 posts
Some misconceptions I wanted to clarify about how parallelization works with Sei v2:
1) Parallelization happens at the state access level (i.e. "evm-prefix/balance-var/{account}"), not at the contract level. So if USDC is being sent from account A-> account B and account C-> account D, then those 2 transactions will be parallelized
2) In the absolute worst case with 100% txs being sequential, rerunning them for naive optimistic parallelization will result in at worst a 30% performance overhead
In practice on eth L1, only around 15% of txs need to be processed sequentially, so for normal usage patterns, naive optimistic parallelization is a huge win
In the future, there are ways to have *intelligent* optimistic parallelization. These include
- letting developers optionally define more granular dependencies. when defined, you don't need to run everything in parallel initially
- have the chain infer what types of state each tx will touch based off the state that previous txs touched
altvm_thesis@Altvm_Thesis
Parallised evm is an oxymoron. The architecture would have to be rebuilt for it to be true parallelisation. Right now the best you can do for parallelising evm is optimistic parallelisation. That means that you just execute txs in parallel, if there are conflicts, re execute in sequence, trial and error until correct. It's highly inefficient. Further the way contracts are set up in ethereum esp in terms of tokens holding the balances /state of the token mean that even if two people are using usdc on different apps you'd have to execute in sequence. If you try and create more purposeful parallelisation there are core parts of the evm you'd have to change and then it wouldn't be evm compatible anymore. The best choice for parallelisation is to build the VM again and build in the intential designs for parallelisation like @solana and @fuel_network have done. These are the only two truly highly performant parallelised chains atm. I admire attempts at parallelising evm but it's not going to be very optimised and we'll find only marginal improvements compared to built for parallelisation chains.
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Vortex Protocol retweetledi
1/ Excited to announce that @VortexProtocol has recently been acquired by @SushiSwap . With its one-of-a-kind on-chain matching engine and cross-margining features, Vortex has the potential to truly outcompete centralized exchanges.
Sei@SeiNetwork
Seismic moves in crypto today. 🍣 X ⛵ Sushi is coming to the Sei ecosystem, read more: decrypt.co/121027/sushisw…
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Vortex Protocol retweetledi
1/ So it’s been a busy few months for us, culminating in the acquisition of Vortex Perps by one of the true OG’s of DeFi - Sushiswap.
It’s been a pleasure to share ideas and work closely with @jaredgrey and his team.
Sei@SeiNetwork
Seismic moves in crypto today. 🍣 X ⛵ Sushi is coming to the Sei ecosystem, read more: decrypt.co/121027/sushisw…
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Vortex Protocol retweetledi
Vortex Protocol retweetledi
Big up Sei for incentivising Vortex’s testnet. 🤝
Proud to be the first app to launch - so far.
Sei@SeiNetwork
1% of the Sei token supply is allocated to our incentivized testnet and rewarding early members of the Sei community who use the chain. We value users with a strong desire to advance, test, and develop the Sei ecosystem 💜
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Vortex Protocol retweetledi
6/ This is the first example of DeFi legos coming together on Vortex.
We’ll be sharing more on our Cosmos-wide vision soon, and our plans to make Vortex the most attractive perps exchange for builders, farmers and traders.
Come and join our testnet: trade.vortexprotocol.io
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5/ More often than not, funding is positive in crypto markets, so traders like UXD Protocol will receive funding payments from long positions.
When funding turns negative, their transparent insurance fund maintains the short - more details here: uxdprotocol.medium.com/historical-fun…
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1/ Welcoming native $UXD to the $SEI ecosystem.
A new kind of trust-minimised, capital efficient stablecoin is coming to Cosmos, utilising Vortex's perps infrastructure.
How will this work, and how it's a win-win 👇🧵
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Vortex Protocol retweetledi
We stand by the @GMX_IO team and community, true innovation is full of bumps in the road. Mistakes make perfection and we’ll definitely learn from this one.
Algod@AlgodTrading
Last thing i will mention about it. To be clear, i agree for lower liquid coins some additional logic should be implemented to $glp. Every model has potential flaws, order books also has flaws. Only thing we can do is think how to make it more efficient.
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Why do you use centralised exchanges to trade, rather than DeFi?
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Steady lads.
Deploying more upgrades 🫡
What assets would you like to see added to Vortex?
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Should we list $LUNA perps?
Would you go long 🐂 or short 🐻 here?
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gm traders 🙌
Price goes → Sells the
DOWN bottom
↑ ↓
Doesn’t take ← Price Goes
profits UP
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Vortex Protocol retweetledi
📢 Launching: OctoSei - Request for Products 🐙
Build on the Layer 1 made for DeFi
We're partnering w/ @Cryptocito @strangelovelabs and @galileo_xyz to lay out the best opportunities in #Cosmos. Our team can provide engineering help and offer VC funding for strong teams.👇
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