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Protected Perps

Protected Perps is a novel payoff.
It is a game with a payoff which didn't exist before.

Protected Perps: LPs take only loss, Traders take only profit, with cost flowing from Traders to LPs

In this payoff:

  1. Traders only make a profit if ETH goes up and no loss otherwise
  2. LPs only make a loss if ETH goes down
  3. Traders pay a fee/cost to access this payoff
  4. LPs accept this payoff in return for the fees they charge the traders

Read in order

  1. 1
    Life Is an Exchange of PayoffsWho you are today is the exact sum of every payoff you've chosen so far.
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  2. 2
    Everything Has a PriceEverything has a price.
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  3. 3
    How to think of Protected Perps?A hypthetical real world equivalent of Protected Perps.
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  4. 4
    Clubs, Wagers and CostsUnderstanding Protected Perps Like a Night Out
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  5. 5
    Why I Built Protected PerpsI want to help gamblers gamble better.
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  6. 6
    What Next After Protected Perps?Why rent a house when you can own a mansion?
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  7. 7
    How I Would Build Protected PerpsHow I would I have built Protected Perps if I was the designer and product manager.
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  8. 8
    Speedrun money from Protected PerpsHow I would make look to balance extraction vs value for protected perps.
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