Zhiming Yang: Orbit Markets – Crypto Derivatives and Structured Products

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:

• Zhiming Yang on LinkedIn
• Orbit Markets on Twitter
• Orbit Markets website

Sponsors:

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