Topic: Expanding the world of products available on decentralized exchanges (Read 98 times)

https://medium.com/market-protocol/expanding-the-world-of-products-available-on-decentralized-exchanges-2d908667268d

One issue with the existing decentralized exchange (dex) ecosystem is the limited offerings that are available to participants. Confined to the ERC20 world, traders must transition to a centralized service if they would like to gain access to cross chain assets (ETH/BTC for example). Additionally, there is no path for anyone to gain exposure from crypto to real world assets, like AAPL/USDT, even from a centralized service. Usually, traders are looking to gain price exposure to an asset and do not care about actually taking custody of that asset. For instance, if a trader thinks bitcoin will rise in value and wants to make a profit, they don’t actually need or perhaps even want to hold bitcoin, rather just earn profit from its price appreciation.

MARKET Protocol allows dex’s to extend their product offerings to both of these asset types. By using an oracle solution to create a derivative contract, we can allow for a diverse universe of products all tradeable with ERC20 tokens as collateral in a decentralized fashion. Imagine going on to your favorite dex, and seeing pairs like ETH/BTC or ETH/Monero and being able to easily trade these products. Additionally, contracts can now be created to gain exposure to real world assets, trading AMZN/DAI (a stable coin) now becomes a reality while never leaving the Ethereum blockchain.