Better User Experience as a Way to attract Mass Users to DeFi by Sergej Kunz (@deacix)

Transcript

it's a pleasure to stay here but I'm gonna talk about the uh user experience how can we improve that nowadays so I will make a small introduction of terms someone if you are not familiar with centralized machine is digitalized to change different or that's why I try to explain first then we come to the this is something which is kind of they just written playlist

by regulators must change yeah someone else and unfortunately you asked why we can interact very fast because everything is nice right but on the other side yeah a better YouTube funds and also specs versus people have seen bags people make mistakes and if someone can

make a mistake or something can fail to do where that's why we need more efficiencies more efficient Financial systems training systems where we have no middle Mass humans who can become pretty still anything so the car centralized crypto centralized Finance space you know it's 570 and centralized exchanges and total trading volume of simplest exchanges back in 2022 also on Seventh foreign

of the crypto you don't have to trust anyone by just 100 words for example you have uh no greeting persons between whom you have to trust yeah you don't have to give someone money so they buy for you something and maybe a silver money of course you have risks the foreign uh

and sports can try to improve that by having lots of Journeys and so on and so on but still the U.S own money which that's one of the projects that's why but in French we have a high levels recently we have seen also we should processible activities um as we have to shoot feedback a lot of people start to sell to uh some people trade it both yes so afterwards with huge profit but it has a lot of costs and transactions and a lot of people cannot afford to pay like 200

bucks for once the transactions making me miss more trade and of course we have huge huge problems the front running problems exchanges uh later on so if I today you have 50 billions of US dollars you have people who provided to exist like shapes then that's ready one is around five billions actually in the previous days we had like four and a half billion us more than 24 hours you

yeah they are really small to get to the traditional science for one trillion to the money and 500 trillions of additional Finance so this is our room to grow and I'm pretty sure they will achieve this we will grow bigger than traditional Finance we are people who use Excel sheets to do some faster one back to another bank they have ever seen in the history so this is 2006 changes so we have different approaches we

started uh on the funeral they have seen other space decks motivational School uh for one inch which is the lead on the market already and this was achieved like one one half years after the release uh yeah because it's highly efficient then

everything else on there uh they have modulus you can write quick access uh for a few more losses we have Equity basics um first first ever liquidity protocol pattern it's a kind of better approach by not using uh yeah years 2012.

selector token they introduce just a few into something else if you're into another one which was more fish than bad girl guys did and of course you should be two you should be three really really available generation management and curves several importance liquidity pools which are optimized and of course notification decided here back in 2019 so we just thought all that maybe it

makes sense to exchange the master that's the same time which is the best way we use an algorithm and we did it and at the beginning it was just exchanging one video to to is one better and calculator yeah but job is to English nowadays so much more complex we see a lot of liquidity sources right now if you do 25 000 degrees we have a lot of market makers who provide good amount of liquidity and the

algorithms is important so here this is my small algorithm which used multiple markets between to exchange the team uh the Pathfinder of one engine red undergrad and other things what what is necessary in the user so if you see it maybe a bunch of the exchange should you swap or decision swap divide and dive into business you see it then tomorrow so just to sign off very complex thing for the first approach I came to the

idea to get with my profile of uh in end of 2020 I guess so it was like a month and this is a nice big approach the average is already mentioned their first one is this really huge problem some new settings swap so you are after you send the transaction you run notice that someone see this transaction Exchange foreign so uh

so they have two two ways right now thank you to our art director and it wrote like in two hours for the conference we have two ways we have the physical labs you you request turn it off if you go right you achieve really really great results and I'm gonna search about the last part of the left side um this is the site when you go to church as well and you go to uniswa and exchange by yourself you make the transactions and you first so

and it just looks like that yeah you get an airdrop maybe you used to see the approval um you don't know when to change it you need to spend time resources that's right yeah it depends on versus the amount maybe small amounts can be released Exchange then you have to trust it to send your tax maybe not the audit you put them you exchange on the taxes so

um and the other way is we called our one inch solution which is different you don't want to take care anymore you're not doing the transactions you're going to send it to the manual yeah search use elbow order approach to sketch option which is a linear actually my glasses yeah and like I came to approach how to

distribute more efficiency and more efficient by just yeah I'd like to speak algorithm and I'll show you after this slide so this uses path the right you see this is important otherwise is responsible which resources audited by more than 10 spiritual companies for a lot of wine and they're all the users just have to decide on water just a message which is this is between 100 and this message allows professional market makers to execute the trade

foreign uh it protects you from the programs no one can just start trying to use because the user is detector anymore and we have multi-threads this is very important you don't have to wait for the

second trade until the First Rate of 66 but it means you can just 16 to 10 trades in parallel and they are completely executed manner why professional Traders so normally when you set transaction you know like fat or whatever else you need to wait until the transaction is done to make that interaction of course you can have a queue but anyway in this transaction suspective after each other so in this approach which you can choose you can use the train Yourself by yourself while online and you don't have to wait for it for anything

like six minutes so this time you try to set a limited order which contains a curve this curve is the rate curve for which the user would like to sell on topics so it starts on the Zero price expect in the middle we defines the current market rate for the whole amount just for example you exchange 10 cost in ethereum to use it to see you just execute on the on the market you face the prices it takes you up to

five percentages for ten dollars per trade right now so and it can be improved by an hour so the order starts in the Dutch option manner from zero impacts so we can get during the current market rate just forming one dollar of the token and then it goes to the full Prospect in just three to three minutes three minutes you can see a lot of watches have that means someone is and after that you can recognize some backgrounds so it means someone changes a little bit move the price of the future between a lot of current market

price compared to civilize exchange other networks Arbitrage Traders start to rebalance price and move maybe some funds to ethereum and improve the price that's why uh you decide to do this approach actually this approaches taken also by autistic Traders when someone would like the future the market makers liquidate them over weeks foreign oh

communities so this is how this is just one of our first steps in the directions to improve the user experience in terms of the user shouldn't care about transaction options the user should just send the like sign and sign a permission and someone who is very experience executed blockchain like marketing experience we call them resources exit the first step for us creates us now on one inch of protecting programming effects of Sandwich attacks get the best we are just the user Justice super

themselves and the next step would be potentially from upon a few you should introduce them protocol which allows everything app to do the same for everything for example if I say something one ish never maybe it takes like an hour to develop

a small small product position allows everybody to send physics register for the modules that's all about the uh what is our ideas how we can improve if you have any questions you can come to me if you want to learn more about my Niche go to subscribers telegram of course we have our guitar everything works here published go ahead

foreign [Applause] which is something that we are doing

at the internet we use uh um you know my is happening right and then if I wanted to make a professionally messages um

so when the price is going out of the forces so you would be out of the range right because French is better than the transmission type and it wouldn't Justice require because I don't want you to feel it you know because your water is market makers you can foreign foreign

one question um through some positions and what happens is

yes so the transactions cannot fail the poor can expire and you don't make yes so if it's pretty small you send the transaction uh this transition can fail you have to wait to get Fusion you just send a message phrase you saw what it means the first happened that the prices on top of the range excuse me just to place like another water you don't have to translate because after six minutes anymore you can just create new model which is more more profitable Market

making protection race we have fast fair and odd fastest executed in three minutes if you're in six minutes and all just in 10 minutes almost starts above the market is one percentages foreign is um

very very soon we have just a few questions give it's not linear at all which which goes to the rates which are already available institutionals companies like to use the fusion model it's it's fully accessible to use uh not

the same so it's also very nice so if you exchangeable for sure and if you have to actually shoot some other funny it makes sense thanks thank you very much pleasure