Summary
Larry Smoove from Drake Exchange breaks down how Drake is positioning itself as the main trading venue on Monad, with a focus on serious traders who still want a smooth, approachable experience. He explains how flexible collateral, smart strategy design, and tight integration with RedStone’s OEV tools help make liquidations fairer, margin more accurate, and trading feel less stressful. Throughout the conversation, he comes back to a simple lens: treat crypto protocols like real businesses that care about revenue, user experience, and long-term sustainability, not just short-term ponzinomics.
Takeaways
— Drake Exchange wants to become the central clearing house and core perp venue for the Monad ecosystem.
— Traders can use a wide range of assets as collateral, which makes capital more efficient and positions easier to manage.
— The team is building “packaged” and automated strategies so users can access advanced trades without needing to wire it all together themselves.
— Education, clear UX, and sensible defaults are core to onboarding newer or less technical traders.
— RedStone integration improves margin calculations and price feeds, especially when both collateral and traded assets are volatile.
— Liquidation design is focused on keeping more value inside the protocol, instead of leaking it to external liquidators.
— Drake is optimized for advanced traders but intentionally keeps the interface and flows friendly for everyone.
— Mainnet launch will lean on deep liquidity and multiple opportunities for users to deploy capital from day one.
— Close, responsive collaboration between Drake, RedStone, and other partners is a key part of the product’s speed and quality.
— Framing protocols as businesses shifts focus to sustainable revenue, better UX, and long-term product thinking.
Chapters
00:00:00 Introduction to Drake Exchange
00:02:52 Innovative Trading Strategies and User Experience
00:07:28 Integration with Redstone and OEV Solutions
00:10:05 Building a Business in Crypto
00:13:47 Road to Mainnet Launch
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