More Than You Ever Wanted To Know About Volatility Swaps
Explores volatility and variance swaps, their properties, uses for trading and hedging volatility exposure, and methods for replication and valuation using options, while addressing practical challenges and implications of volatility skews.
Why Shared Sequencers Didn't Work
In this thread I'll go over some high level definitions and then briefly cover my biased perspective on why Astria built a shared sequencer and why this didn't work how people thought it would.