Could derivatives be added in Flare Finance

[NotElon]

Hello Flare Discussion Club,

Could derivatives be added in Flare Finance such as precious metals, stocks, oil, bonds and such?  It would be quite an amazing platform if these derivatives were listed and trade in Flare Finance.

Thank you.

[brianwalden]

Just to keep things clear Flare is the network, Flare Finance is a DeFi app built on the Flare Network. The two teams are different despite the confusing names. Flare Finance is to Flare as UniSwap is to Ethereum.

Someone could definitely build a derivatives service on the Flare Network. And I have a feeling that if the Tokens exist on the network, Flare Finance would be interested in adding them to their liquidity pool exchange.

I believe Hugo Philion, Flare's founder, comes from the world of derivatives. There's a YouTube interview he did with the guys from Handshake where he basically talks about how he ultimately wants to tokenize everything.

Honestly, I don't think there's any real technological hurdle to doing what you ask. The real problem is complying with all the real world regulations.

[NotElon]

2 minutes ago, brianwalden said:

Just to keep things clear Flare is the network, Flare Finance is a DeFi app built on the Flare Network. The two teams are different despite the confusing names. Flare Finance is to Flare as UniSwap is to Ethereum.

Hello brianwalden,

Yes,  I am fully aware of that and how the network work and such.  Thank you for explaining this to me, have a nice day.