Why we want to join VEGA.

Recently Vega Protocol announced a start of validators onboarding as the second of three launch phases, in which the public Vega chain becomes live for staking and governance.

There will be only 13 validators at the start of the Restricted Mainnet phase, and selection process will include community feedback on validators. We have already submitted our validator profile as a candidate and we ask our community for support!

If you don’t know what Vega Protocol is and why Ryabina desires to join, read our overview below!

What is VEGA?

Any participant will be able to easily create and launch markets, pseudonymously, by using a toolkit of product features and economic primitives from which all cash flows and settlement instructions can be easily specified.

Vega is writing rules for rewards and incentives that balance the system, keep it fair, and help it grow. These incentives match traders and market makers across any financial product, to solve the problem of attracting and allocating market making resources, especially for long-tail markets.

Vega runs on it’s own Tendermint-based blockchain with sub-second block times and is optimised to make trading as safe, fair, and high performance as possible. Bridges to most major blockchains will allow for use of almost any collateral, including Bitcoin, ERC20 tokens, and stable coins.

The protocol will eventually be a free and open source software governed by the community, so that it can develop and evolve with the needs of its users.

What features does it have?

  • Next generation liquidity mining Vega’s advanced incentivisation system directs liquidity to the markets that need it most. Trading fees are determined by competitive bidding for each market, ensuring the best price is achieved for both traders and liquidity providers. Early supporters of markets earn a larger share of the fees that are distributed through Vega’s unique liquidity provision share mechanism.
  • Capital efficient permissionless derivatives The protocol is designed as a toolbox of optimised components that allow the community to permissionlessly propose and create markets for almost anything. More on market creation with VEGA
  • Native cross-chain support, starting with ethereum Vega is designed from the ground up to integrate with Ethereum and other emerging DeFi ecosystems, rather than compete with them. All assets traded on Vega originate on other chains, and the bridge protocol makes deposits and withdrawals as easy as for native dApps.
  • Rich, developer friendly APIs Vega is built on a set of advanced financial and trading primitives, with a technical architecture that allows for near infinite flexibility for building financial applications. Vega nodes expose rich data about governance, markets, orders, trades, prices, margins, positions, and much more. Data is accessible via easy to use and comprehensive gRPC, GraphQL, and REST APIs. Browse VEGA docs

What to watch/read about VEGA?

About Ryabina

We are always open to conversation and happy to help the community:

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