Thread by @2lambro

@SeiNetwork
#DeFi specific blockchain specialising in trading

In this thread
1. Tldr what is sei
2. Why might it be a gem?
3. DeFi protocols in #Sei
4. Summary & Opportunities

featuring
@cypher_protocol @Kryptonite_fi @swapleonicorn @VortexProtocol @swapleonicorn &more

TLDR
@SeiNetwork is a layer 1 block chain focusing in trading, optimising exchanges to offer best UX

Core features
1. Native order matching engine - drives scalability of orderbook DEXs built on Sei
2. Chain finality ~600ms

3. Twin-turbo consensus - improves latency and throughput
4. Frontrunning protection - combats malicious frontrunning that is rampant in other ecosystems
5. Market-based parallelization - specialized parallelization for #DeFi

Why might it be a gem?

Sei optimises in speed, finality and features specific toward trading.

It is a #cosmos SDK base with IBC enabled chain, meaning it can be connected seamlessly with other cosmos chains.

Although it’s still early stage of the project but if it does deliver in providing a good trading experience with #Cosmo’s composable design. I can only imagine the number of DeFi legos that can be built on top. ( a bit of hopium, very early stage )

List DeFi protocols on Sei

U need projects n gud devs on a chain to make it great, lets quickly go thru them!

@cypher_protocol “building disneyland for derivatives”

Cyphe is a trading engine built originally on SOL. They are expanding into the SEI ecosystem.

https://twitter.com/cypher_protocol/status/1594707210386386944

They offer
-Single-token Futures
-Dated Futures
-Margine spot markets (Openblook’s order-books)
-Derivatives markets (AOB Asset agnostic order-book)
-Master & Sub account to manage trader’s position

@CopycatFinance
Decentralise copy trading & farming that were originally built on BSC

-Incubatee of Binance incubation program season 3
-”master” create trades or farms, users to follow

https://twitter.com/CopycatFinance/status/1603027028474732545

@fpdotmoney

Pretty early, but it looks like its something around Real World Asset.
I have joined their discord, will keep u guys posted!

https://twitter.com/fpdotmoney/status/1607707119561867264

@Kryptonite_fi

Early no docs yet. From tweets looks like they are a AMM, lending market & staking pool built on sei with plans to integrate with bAssets on cosmos.

https://twitter.com/Kryptonite_fi/status/1605250109889208320

@swapleonicorn

It is a multi-chain Dex with a bit gamefi Staking reward, NFT market market. It is live/coming soon on @AptosLabs @AptosLabs, @SuiNetwork @SuiNetwork, @KCCOfficialTW @KCCOfficialTW, @BNBCHAIN @BNBCHAIN @OKCNetwork @OKCNetwork @SeiNetwork @SeiNetwork

@PharaohFi

Early but seem like It is a dex (maybe perpetual ) that allows users to trade “ancient assets, commodities & forex. Their marketing on medium with storytelling is pretty interesting, keen to learn more about their product.

https://twitter.com/PharaohFi/status/1551683585375145989

@SatoriFinance

A Decentralized derivatives platform that is originally built on dot. Notable investors such as @polychaincap @jump_ , @gavofyork , @AcalaNetwork , @AstarNetwork , @ParallelFi ,

Not much docs yet, but with this investor list, it is wise to keep an eye on it.

@synthr_defi
Synthr allow users to mint&trade onchain derivatives. It’s architecture reminds me of SNX, Debt base minting of derivatives. Their documents are the most ready in compare with other SEI native protocols, need to do another deepdive into it.

https://twitter.com/synthr_defi/status/1609264504331698178

From what I know right now, they have synthetic CDPs, swaps & farms.

@VortexProtocol

Vortex is decentralized derivatives exchange for IBC chains.
Key features
-Perpetual future ( up to 10x leverage )
-Decentralized Orderbook
-Cross-Collateral
-Cross-margin
-IBC enable

A little birdy tell me to keep an eye on them, just saying.

Summary & opportunities

Sei is a high performance chain design for defi, although it might compromise a bit on decentralisation a bit but as the market has proven from BSC, SOL it has an appetite for it.

As early eco-system there will be lots of incentives, early farms, ideally innovative protocols as well. I missed out on the apto but i am keen to keep an eye on sei.
Thank you for reading

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