Episode 83 of Season 4 of The Scoop was recorded remotely with The Block's Frank Chaparro and Hxro Co-Founder & CEO Dan Gunsberg.
Hxro Network (pronounced “hero”) raised $34 million in a token round in November to help advance the platform’s vision of building a decentralized derivative platform on Solana.
Now, Hxro is on the cusp of launching USDC collateralized markets, which will mark the first time users are able to trade derivatives products using collateral with real value.
In this episode of The Scoop, Hxro co-founder and CEO Dan Gunsberg joins host Frank Chaparro to unpack the idea behind the Hxro protocol and to explain how Hxro hopes to solve liquidity problems that currently exist in the decentralized derivative space.
According to Gunsberg, the technology underlying Hxro Network allows anyone to create a decentralized derivative product:
“Effectively anybody will be able to come and create any type of derivative product on Hxro Network’s protocol… the core protocol is something called ‘Dexterity,’ and the idea of it is that it’s really just the generalized architecture for the payoff function and the accounting mechanisms of a derivative.”
Not only does Hxro allow users to build any type of derivative product, “the beauty” of the platform is the way in which it will unify liquidity to create more efficient markets, Gunsberg believes.
“Once those markets are created, they all exist in the base layer protocol and then any application can tap those markets… so what you end up with is this unification of liquidity across many applications and many users, that all bottoms out into the same marketplace depending on the product.”
During this episode, Chaparro and Gunsberg also discuss:
- How decentralized derivatives will capture market share from traditional finance
- What regulators have to say about Hxro Network
- Why complex derivative strategies enhance market liquidity
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