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DeepBook Session 2
Recorded: Feb. 26, 2026 Duration: 0:58:37Space Recording
Full Transcription
Thank you. Really excited to be running our second
live stream here talking about everything related to Sweet DeFi and DeepBook specifically. We got
a fantastic crew of people here that are going to be talking about all related to sweet defy and deep book specifically we got a fantastic
crew of people here that are going to be talking about all the exciting things going on in the deep
book and defy world so i know some people might be new some people might have been in the previous
stream that we have this is our second one that's going to be focused on this just to give a little
bit of an overview what we're going to be doing here is we're going to be one getting into some
deep book stuff understanding hey what is deep book?
What is this new capability with deep book margin?
What does it all mean for you, whether you're a builder, whether you're not a builder?
Either way, you're going to get something out of this.
Separately, though, I want the listeners here to be leaving with a couple things here.
One, hey, do I understand what deep book is?
Do I understand what deep book margin is?
Like, what do these things mean for me? But also, let's get a little bit more tangible. We're going
to be talking about some real examples here of what does it actually mean to engage in some of
the Suede DeFi protocols out here. We're going to be getting some live demos here, showing examples.
What does it mean to go from start to finish and engage in getting some confidence out of all of
this here? So we'll get some practical learnings of how it worked for all the builders that are going to be listening in of like, what did we learn?
How can we do things better? And then finally, we're just going to be leaving with some really exciting next steps for everyone here.
But enough of me. I talked plenty already. I really want to get to the meat of some really exciting participants here.
And we got three of them. So we got As Aslan we got Anton and then we got Raj let's uh do a round of intros give an opportunity for everyone to just kind
of give a quick voiceover of who we are what we're doing and what do we work for so Aslan let's start
with you hey guys I'm Aslan I lead Deepook and uh I led the Deepook Margin launch. We are excited about the growth that we've seen
with Margin so far.
I'm excited to talk to Anton from DeepTrade
and Raj from Alvify and discuss the types
of integrations they're doing.
A lot of cool upgrades on the DeepTrade side of things.
I saw a lot of cool new features launching recently.
We're super excited to dive into those as well.
And yeah, we can probably talk about a little bit about, you know,
what's next for margin and what are some near-term things that are coming online.
Yeah.
For anyone that is excited in any way related to Sweet DeFi,
Azan is where you want to start.
He is like the deep book mastermind behind everything that's working in the back end.
He's the reason why we've been able to grow so much and very, very happy to have him here.
Let's transition over to Anton from DeepTrade.
If you want to give a quick intro.
Hey, everyone. My name is Anton.
I'm a core builder behind DeepTrade.
We are building a trading platform on SUI, which leverages DeepBook, Spot and Margin Trading.
So we are a platform which allows you to trade Spot, trade with leverage,
do swaps across all liquidity venues on SUI, as well as provide liquidity to the DeepTrade Earn,
which is based on DeepBook margin pools and earn yield passively
that's it i love it so much stuff available in such a short period of time like really you guys
have been moving really quickly uh raj let's go to you now let's uh love to hear an intro what
have you been working on like what's going on in your world? Hey guys, Rajsh here from Alphaline and Alphaline.
So basically I have been building, I'm founder of Alphaline and Alphaline.
I've been building it for the last two years.
I love Sui and Sui is throwing us so many new innovative primitives that we are scrambling to build more and more.
So a d-book is something uh we recently fell in love with so
about what we're planning about the thinking you know what we already built on the book
amazing amazing well as you guys can clearly see we got a rock star rock star crew here again
emphasizing the idea that whether you're new to defy whether you're an experienced builder whether
you're an experienced trader doesn't really matter We're going to make this a useful session for regardless of what your background is. But let's start with
kind of some one-on-one stuff. So for everyone that was in the previous stream, you got a little
bit of some early context on margin more broadly, but even like the goal here is to make this super,
super simple. And so Azan, let's start with you. So if you were just going to explain this to,
let's say I'm completely new to DeFi. Let's say I'm even scared of like what DeFi is, what Deep Book is, what margin is, like all these concepts are just overwhelming to me.
If you were going to go through and explain, hey, what is Deep Book? What is Deep Book margin?
Like, how would you go about that? Like, what's that simple explanation that we can go for?
Okay, well, let's start with like an everyday person or anybody that has maybe some slight interest in trading or is interested in asset accumulation.
You, you know, you can use DeepBook as the central limit order book.
It is the liquidity layer for Suite and DeepBook facilitates a lot of the trades that we currently have
in suite defy a lot of it is passive through aggregators and uh some of it is also active
like through the front ends powered by deep trade for example where you can go in and
directly place orders on the central limit order book whether they're limit orders or market orders
limit orders or market orders. Now, what does margin enable? Margin is a native leverage
functionality. It is built as a primitive, a financial primitive. And the idea is simple.
You simply borrow funds with your position as collateral to increase the exposure that you
have in your position. So you can do like 5x long or short
ensuite um and essentially you know make a bigger win if if the price action goes in your direction
or you know obviously there can you could take an l as well if the market decides to reverse
but the the key here with margin is there are two parts to the system.
One is the margin pool itself and supplying and withdrawing from it.
Users can participate in Debook margin by just supplying capital to the margin pool and earning a yield from the traders that are borrowing that capital to take advantage of the leveraged trading on Debook.
borrowing that capital to take advantage of the leveraged trading on Deepook.
That pool also earns a yield from liquidations, and it creates this, you know,
a little bit higher risk, higher reward type of pool.
And it's essentially a, you know, a different risk profile investment for users that want to,
you know, just park their capital somewhere.
So it's important to kind of recognize these two components and how they're built to be
composable.
You have one side that is essentially providing counterparty capital, and the other side,
the retail users themselves that are borrowing to actually place these leveraged orders.
And that is
essentially what we have now for DeepBook and DeepBook margin. Got it. Got it. I'm going to
extrapolate this out as well to talk to specific audience as well. Like when I hear from a builder
perspective, I think what excites me is this idea of composability, right? So where DeepBook maybe
has started on this idea of just focusing on liquidity and providing a central liquidity offering.
Now we're adding kind of plug and play capabilities, whether it's margin or other things in the future.
We're providing more of this broader platform offering to make Sweet DeFi successful, making projects like DeepTrade or AlphaFi or anyone in the Sweet DeFi ecosystem able to add more capabilities quickly through composability.
That's something
that excites me on a builder side of things. From a trader side of things, naturally, I know that
if you compare spot or margin, there's some levels of complexity that come into play. And this is why
our demos exist here to really take this next step in terms of learning more about finance,
learning more about maybe more complex use cases. But I think what is very exciting is that a lot
of the stuff on the builder side do help to make this user journey
a bit more simplistic, I would say,
and make something like margin for maybe me
or someone else that might be new to the DeFi side of things,
you know, make it a little bit less scary.
Would you generally say that a lot of the things
kind of on the back end help to service this idea where,
hey, I'm new to DeFi,
I can still engage in something like margin?
Of course, of course, you know, the what might be challenging with margin,
once we feel like if you're trying it for the first time, it is a little bit different than
what you might be used to on a purpose exchange, for example, where everything is just, you know,
self-contained. But margin really behaves and works in the same way.
And it's just the mechanism for borrowing and the underlying capital that you're trading is
directly the spot asset itself, rather, you know, trading against an oracle and a direct
counterparty. On the composability side,
if we think about it, DeFi and blockchains and L1s,
they were designed to be extremely composable.
And the more that we can do
in making our different financial primitives composable,
the better we can, you know, create opportunities
to build unique experiences for users.
At the end of the day, the yield is just, you know,
retail users doing some activity,
and that yield is just being, you know,
distributed to the DeFi ecosystem in one way, shape or form.
And if we make our financial primitives very composable, we allow that distribution to
happen more efficiently.
So you are able to kind of create like, you know, looping the yield bearing token is obviously
a very different type of investment than just directly investing into the margin pool, which is a totally different type of investment than trading against the margin pool.
But we can allow for all of them as long as the primitives are highly composed of it.
I like it. I like it. here in this idea of like more and more capabilities with still maintaining a commitment to this idea of the user and like the ability to maneuver and just feel pretty safe i would say engaging in
different components of finance because again for a lot of people here a lot of people that are newer
to finance like this can this can be a bit overwhelming so you know with that i know uh
and thank you aslan for really digging into this i think this sets a good framing of what is going
to be a really interesting conversation related to you you know, finance on chain and like a lot of the components of what DeepBook and some of these fantastic protocols are offering here.
So, you know, with that, I do want to kind of get into with our with our really exciting audience, different participants that we have here with Anton and Raj.
We'd love to understand a little bit more in depth about what each one of you guys are respectively building uh what's like the tldr of like this part of the protocol that you've built
and how does deep book slash deep book margin kind of fold into you know how this works and
like what makes each one of you guys special maybe anton we can we can start with you
sure so i will start with the last one, like what debug infrastructure, margin infrastructure, for instance, makes it special for us, for instance.
And I would like to talk about the user perspective from this side.
So let me try to explain this.
So on a surface level, debug infrastructure means better liquidity, which means no liquidity fragmentation and all
that kind of stuff. But what I believe, it also solves a different problem. And the problem is
vendor lock-in. And let me try to expand here. So we are in a beer market right now. And there is a
lot of like apps, products, and all the, like shutting down or going offline and et cetera.
And we saw that in the past.
So in isolated market, if some app goes down, your funds are effectively trapped, unless you know how to interact with the specific smart contract and so on and so on
what deep book like changes here and what is different here with the deep book infrastructure
is that user positions are live on chain and there is already a lot of existing partners who
integrate deep book margin infrastructure that all means that let's say if you want to go i mean if you open a position on
one app like another partner and suddenly they go offline you can already close this position on
another platform let's say on a deep trade and trade there like seamlessly and i believe this
is important for the users who trade with uh huge chunk of their life savings or their portfolio
because the confidence that they can easily switch an app and trade somewhere else that
integrates the debug margin is gives them the confidence that they will not be lost and they don't need to learn how the
smart contract works and all this stuff.
We saw it like I'm in the space for a while and I saw a lot of people stuck with it.
So this is what changes in comparison with other protocols. And for DeepTrade specifically,
I mean, we integrate DeepBook Spot like back in a while,
like in the last year or something.
And we were launching with DeepBook Margin
at the day of the launch.
We provide different set of tools
and instruments for the traders,
like kind of trying to achieve the same level of experience for the traders as they can get
on a centralized exchanges with a different set of tools from like limit market orders,
different order types for both of them, like E orders fork and and etc and also um like for the margin specifically
we integrate take profit and stop loss orders which allows you to uh like set a different risk
levels or different sets i mean different like levels of price where you want to close your position,
either it will be in a profit or in a loss.
So all that stuff is possible right after we integrate debug margin.
Yeah. I mean, I hope that answers your question.
Yeah.
It does. It does.
And one quick follow up and I'll ask this for both of you guys, but like,
what have been some of the learnings that you've seen more on the user experience side like as you
guys have started to solidify whether it's things that you think have really worked well or like
things that you're kind of excited about continuing to refine now that you're getting some user
experience and user feedback yeah so so so sorry rashly for if I interrupt, but I mean, there is like two things.
First one, and what Aslan was talking about, like initially margin and perpetual experience
are different.
And many people like never tried a margin before.
Even I like tried like margin trading last year or on some centralized exchange
and so on.
I mean, but before I was trading like perps and spots and so on.
And what is the challenge we see right now is, I mean, our own challenge at DeepTrade
is how do we make a margin trading the same level, seamless as you can get on a perps for instance and I mean
and that kind of continuous process where we improve things and we gather feedback from the
people and and from the traders who who trade an hour on our app so and it's like like high level high level goal here is that and
and second thing is uh i mean the last i mean the first two weeks after the launch we we definitely
spend on fixing a lot of like unique flows that we had because you you know, trading is kind of a very individual process.
And everyone, I mean, like a lot of people have their behaviors,
trading behaviors, like they all very, very different things.
And, you know, we kind of have our own assumptions when we build this on how the people are going to use it.
But we have to adopt our application to a different set of behaviors, how people use it, actually.
So this is kind of like a challenge we had like two weeks after we launched the margin trading.
Yeah, I do really appreciate it.
And I think this is something that's probably going to be shared
between all three of you.
But margin is just a completely different use case.
And it has its own set of considerations of, like,
how do we actually need to think about the user at the end of the day?
It's one thing for the application to work,
but it's another thing for people to feel comfortable, right?
Like, this is part of why we do streams like this.
This is part of why we're separately looking at a lot of different
marketing content to just, like, further educate and make people feel comfortable
in finance like finance is not the easiest thing to jump into cold and so learning and going through
these sessions like the the aspiration is that education is going to be a core part of what all
of us here collectively are doing related to just making people comfortable with finance
but with that raj i'd love to go through the same exercise with you so you know what is what is going on in your world like what how is
deep book and deep book margin like tie into what you guys are currently doing and then we'll follow
it on with like question related to user experience and learnings that you guys have had okay so i'm
going to take a bit of time probably a few minutes but uh so we are a product focused guys right so we we only try to make it very very easy for users
and when dbook came along it was like what is this okay so uh this is uh i don't understand
this right so i've been using d5 for you know i made all my money or whatever in d5 only i've
been using for multiple cycles so what is this thing that these guys are bringing right so that's what pulls uh sweet that's that's what makes us so much better than other things right because
you're always innovating right so what i try to understand is basically okay there is an on the
book there is a bike there is a cell and then there's online matching that's what is people
call it right nothing like this exists in terms of uh fully chain anywhere so that's a simple primitive now
on that primitive you can build so many things we can talk about them that there's no limit to it
right so okay now the guys have built margin what is margin right so then I said okay what is margin
right so I am long and sweet but I want to go have $10, but I want to kind of go long $30, right?
So then I can basically 3x Longgan Sui, that's margin basically, right?
So as a user, if you're a DeFi user, you want to just use a deep book margin, then you can do that.
Okay, you are not new to DeFi, you are new to DeFi, you don't know what they're talking about.
So what do you do? Which protocol do you use?
Would you put money in Alphaland? Would you put money in Swilland where do you put your money right so what do I do
all you have to do is just deposit in your Dbook vault okay because now that liquidity will be
used across all the protocols right so that basically makes it easy for people you don't
want to long or short you want to provide liquidity in a safe place that is used by all protocols
where you are not exposed to different protocols risk
engines because the liquidation and everything is taken care of by debug itself the matching
is done by debug itself right so that is the kind of uh thing that helps the users right
the margin right okay then we started thinking about okay what can we do like what do we do in
this right so then uh overall um what when we when i thought more about it i felt like okay
uh this is dydx there is gmx there are multiple uh uh things what's the difference here right so
because they're all silo right they have each one of them their own liquidity engine their own
liquidity but now with dbook we can build a dydx or even hyperliquid anything like that
using liquidity that dbook provides right even non-liquid DeFi users
institutions can provide liquidity to deep book and then we can build just applications on top of it that can have scale right
Imagine building something like hyperliquid from scratch if you're doing it on any other chain
You need to have so much of liquidity. You need to have a robust engine. But what Deepbrook does when it fully flourishes is anybody
can build.
So I'm going to say it's probably a box office you can build,
but you can build something like Happily Liquid with scale
on Deepbrook without having all the liquid issues and stuff
like that.
You can easily plug in UI and you are more product focused.
So that's the power of Deepbrook where we saw.
And another thing that came to my mind is basically,
every time now we are thinking, OK,
what is our development is protocol focused, right?
OK, alpha and what do I build on alpha?
What do I build on status?
What do I build on bluefin, right?
So instead of that, what Deepbook does
is basically think in terms of the user's perspective.
OK, a user has an account in suite.
Now, what will you do with
this with this account right can you you can have a single account single margin account can use it
across different lending protocols can use it across different protocols so that is the kind
of thinking that we are going through to understand and bring build on people because it is not
changing the primitive from protocol to users so that's the great thing about dbook that's innovation that you
know so these things are basically what dbook is doing is bringing us very close to trade 5
in a much more efficient manner but now people in d5 are used to a different mechanism so now we
need to unlearn what we have learned and then learn trade 5 stuff in a more efficient manner
is what we're doing with people right so that's excites us, that's the design space that we have.
So in AlphaLine, what are we doing?
Alpha5, what are we doing?
We are a lending protocol.
So we want to build learning parameters.
We want to build strategies on top of it.
So what we have built right now is not at live.
It's on, right now we're testing it.
It's on staging.
What we're doing is basically you can supply to DeepBook
for directly on Alpha line, and you get a DeepBook USDC.
And you can take that, and you can use it
as collateral in Alpha line, and then you can borrow against it.
So basically, you don't want to kind of,
you just want to supply to DeepBook and be with it.
It is a separate data.
You want the yield.
That liquidity is being used by all the protocols
or whatever that is building right on top of it you want to you know use it as collateral that's
what we enable it on alpha lines okay that's the easy unlock so you can just uh list you can just
basically supply that ebook usdc and then you can borrow that way you're running yield on
the underlying deep book and then you're also also. That way you're earning yield on the underlying deep book
and then you're also using it as putting a collateral to work.
So that's something that we have unlocked.
That's a basic unlock.
Then what are the things we're building?
So we want to build basically 3x longer short.
We've already built using AlphaLine,
but we're kind of thinking of moving it to deep book
because with this now i can
do uh you know limit orders right uh i can say okay points close it right at this point take off
it all those things can be built using the order book that deep provides right that's much more
easier to build right now so that's what we are thinking next uh and then we're migrating what
we've built into something like this right uh and this. And then there is a lot of innovative stuff we can build like you want to build a profit slowly or you want to trade in a range.
So you provide to your vault or you are bullish on Sui, you know Sui is trading on you know let's say 0.9 to 1.1.
So it will automatically trade in that range and rebalance accordingly
so those kind of strategies we are trying to build now what else can you build you can build a delta nettle strategy that can actually work in your favor by using deep book and alpha line
so there is a lot to learn a lot to build on this these are the basic strategies that are
not very easy to build on on other, right? Especially because of DeepBook, because of composability. I do not use the buzzword,
so basically because you can plug in different aspects of different protocols on Sui with each
other. So it's easier for us to build these kind of things using DeepBook and providing one single
click thing on Alphaline. So that's what it is. What we are thinking long term is basically have
one user account that is created on deepbook and
use it across all the products on sui and this requires a little bit more composability and
integration of the products that's where basically it is changed it's changed the way we want to
think about a product and users and uh pretty happy and bullish about uh what what what's there
anyway i'm also happy because we have now
probably let's say six months to one year time assuming the market is bad to build all this
super awesome stuff so that by the time market turns sui and debook are going to be like the
biggest uh unlocks in the market that is coming right so that's where we are focusing right now
now right now we're bringing uh we're building very small strategies that can help users but overall we are plugging into a big system where everything can work in one single uh group
that's the overall plan that we have for date book yeah thanks thanks aslan thanks uh you know
i'll also thank you raj
yeah listen listen listening to raj is like you know it just like doubles my energy like
i'm like all right we gotta we gotta get this deep book thing even even better now yeah you
got them all fired up you got them all fired up this is how you this is how you make aslan like
work throughout the night so uh let's go one thing that really did catch my ear and i think this is
actually applicable to both of you guys but But Raj, you specifically used the word efficiency and even more broadly builder efficiency is
probably how I'd extrapolate that out.
And I think one thing that's really interesting to me, and I think we even kind of see this
in mentionings from different chat.
Like I see Chindaloo have actually made a mentioning of this, but specifically talking
around like, you know, being able to plug and play, not having to worry about like the
one-on-one stuff of like finding liquidity or like figuring out how to build a capability, like all the basic stuff
to just get the application running and not having to just kind of piecemeal it together and spend
cycles trying to figure out how all that stuff works allows people like, for example, Raj,
to you to like think a little bit deeper in terms of like, what is the next step for the application
a lot more quickly? Starting to think about like how we go beyond just like functionality of the application at a baseline but like what is
user experience like v2 v3 v4 what is capability 2 3 4 what are all those things collectively look
like and how do we get to that quicker that that's something that's really interesting here so again
like i know composability in itself is a buzzword but between that and then just like foundational
like liquidity availability like having those as like a starting point aspirationally helps really good builders
like yourself like start to be unblocked and think about those capabilities of how to build
these fantastic applications really quickly so efficiency is a word that i really anchor on in
this idea that on the deep book side definitely we want you guys to be successful like we want
you guys as really strong entrepreneurs to go deeper and figure out how to go next and like how to like go
beyond like solid like foundations to build fantastic applications. And so you starting to
articulate some of the vision of where you want to go, like is exactly why I was on Tappy because
he's building the foundation to help it so that you guys can fully pursue all the things that you
guys want to pursue. So shared excitement across the board,
but Raj, really, really well said.
Before we get into what will be the next section
with demos, let me just open it up to the floor.
Azan, based on anything that you're hearing here,
any things that you wanna maybe voice over
for the audience here, whether they're a builder
or a non-builder, otherwise we're gonna get really
into the good stuff with the demos.
Listen, I'll say one thing.
I'm already excited about the things that we can build with the current, you know, building blocks that we have with DeepBook and Margin.
But if anybody needs convincing on, you know, why it's, you know, why building on Deepbook is the right choice is think about what's going to happen
once we launch more of these financial primitives. Okay. And if we can figure out how to make them
natively composable, then this is going to go beyond just Deepbook, beyond just margin. And
it's going to start entering into like a whole new, you know, form of finance, in my opinion.
So love to have these kinds of guys in here that think outside the box and get creative with their solutions, because I know they're going to really take advantage of the stuff
that we're going to build and ship for DeepBook.
Amazing.
Well, so with that, let's get into the good stuff and let's get people to really experience
like these applications, because frankly, I'm really excited to share this with a broader audience here.
And let's go in order. So Anton, let's start with you. We'd love to maybe spend like 10, 12 minutes, I guess, for you to just kind of walk through.
How does this work? And again, let's take this from the perspective of both calling out, like, where does a builder need to pay attention on things?
Like, what are learnings that you've had there? But just as uh and really being explicit like how does a user think about this how does
a user become really comfortable with understanding what does it mean to engage uh in the protocol
and specifically margin components of it sure sure okay yep um let me like share the screen awesome
and while he's doing that just just, just as a heads up,
I am keeping an eye out for, for chat and whatnot for any great questions.
I've definitely seen a few good ones come in and we'll make sure we'll try to
answer as much as we can in the time that we have.
And you're good. I see it.
And you're good. I see it. Cool.
Cool. So this is like a DTRADE margin page where you can trade with leverage.
If you are not familiar with trading with leverage or like with trading with leverage on DTRADE specifically, You can basically run the onboarding, which we created to simplify the experience and make it as simple as possible to onboard the user.
And you can see here that on top right corner, I have, I mean, the balances of my wallet shown.
And the next thing is the margin manager balances. So think of it like as your
trading account, like which is a separate from your wallet balances. And I already have their
balances because I have an open position already on Deutrade. The next thing is the part where you can place an order on margin. You can set up either like
buy or sell. I mean depending on whether you are going long or short. You can also specify
the leverage which you are going to use to execute the trade.
And you also...
One of the things that we kind of take a lot of efforts to deliver is...
And we believe this simplifies the experience by a lot is after deposit feature, which allows you basically to skip the step of depositing into your margin manager,
or let's call it trading account, and allow you to after deposit seamlessly when you place an order and open the position.
So yeah, and you can here choose whether you want to market or limit order, whether it would be buy or's, let me, let it be like this. And all I have to do here from now is just to hit on a button, like, long.
So I'm going to long SUI USDC here.
And this is a confirmation popup,
which you can hide for the next trades
if everything is clear for you,
which shows you briefly the information,
what is going on when I click long, like what's actually happening.
You can review all the details by yourself before you place an order.
You can see, I mean, the most, I guess, important thing here would be to see the estimated liquidation price after this trade is going to happen.
So as you can see, it's 0.16.
So and yeah, I mean, you can
basically review all this stuff and click on long.
Click on long.
Yeah.
And right after my position would be like...
Right after I confirm the transaction in the wallet, you can see that my position actually
changed.
And now my total position in USD would be like 200 bucks.
You can see that I have no open orders because I've entered the position using a market order.
You can see the oracle price, which is different from the order book price,
and it's provided by Peace. And you can see estimated liquidation price, the same as we saw in a pop-up.
You can also, let me finish this onboarding.
Like we can, yeah.
So yeah, this is my P&L of my position.
And the margin level. Margin level basically tells you how healthy your position.
And the last two things is the repay and close position. So let's say if you'd like to
would like to close your position, you can click close and basically your position will
be closed and your assets would be, I mean, your debt would be repaid automatically.
And for the repay action, you can just repay your debt for the position because when you open the position assets from your margin manager,
or let's call it a trading account.
So that's pretty much it for the trading page.
On a closed position, you can see that I might not have fully funds on my margin manager to repay the debt.
And I could enable swaps for the repayment.
And that would basically swap some SUI to USDC to repay the debt.
And also I can checkmark the use SUI repay the debt. And also I can use, I also can check mark the, use SUI from the wallet,
which in case I don't have enough SUI or USDC on my margin manager, margin manager will deposit
my SUI or USDC to repay the debt on the position closing.
Yeah, repay pop-up is pretty much the same, but all it does, what is the distinction between the close
and the repay pop-ups is repay, and it's just repay in the debt
and does not close your position.
So you don't have a borrowing interest accumulation when you repay, but you still keep the assets that you have as a collateral.
Yeah, and outside of this, you have an open orders let's say if I if I will let's say if I want to right now I'm in a long
so if let's say I want to close my position I could I could set up a limit order for sell sui
and the order will be appeared here we have also an order history which allows you to see all the history of your orders and the trade
history for the trades. Also one of the most recent features that we added is setting up
take profit and stop loss on margin, which allows you to set up either a take profit or stop loss or both of them.
So let's say I want to set up a take profit on, let's say, 1.2.
And let's say I want to sell 50 percentages of my position size.
All I have to do is set up it here and click confirm and then confirm it in my wallet.
and then confirm it in my wallet.
Yep, and you will see that the take profit and stop loss, the take profit will be appeared here
right inside your position. If I would decide to add more to take profits, the flow is the same.
If I would decide to add more take profits, the flow is the same.
Basically, I set up some parameters where I want to close my position with a profit and set up as many as I'd like.
There is a limitation of 10 take profits or stop loss in total, if I'm not mistaken.
And same flow applies for the take, for the stop loss.
So I could, let's say I want my position to be closed when the price, if the price hits
0.8, and let's say I want to close entire my position at loss.
Here we go.
Yep, I mean, this is a margin trading. You could also trade spot, whether you go from the header of the website or just clicking here.
You could trade without leverage and just buy or sell assets there.
Additionally to that, we have a deep trade earn page where you could provide liquidity to the
margin pools. So I don't have a USDC, but I guess I could deposit some SUI into the SUI margin pool. Let's say I want to
deposit one SUI. And right after it was deposited, you could see it in my position. I already have like one SUI before I did it and now I have two.
And you can see your positions inside margin pools, your earnings and earnings in USD.
And also you could withdraw it the same way as I deposited.
And yeah, I mean, you could also like if you want to have any kind of like fast exchange,
one asset to another, you could use swap for which allows you to like swap across all the liquidity venues on sui yeah i mean um um yeah that's pretty much it awesome yeah really appreciate uh the walkthrough
this is definitely a lot of great details here i want to make sure that we also reserve time for
for raj as well raj if you want to also maybe go through like a similar demo and then we can kind of collectively
discuss like the two together. Yeah, I'm going to take very little time for the demo. So we
want to keep it simple at Alphaland. So let me know if you can see my screen and
there you go you're good okay so uh so right now what we just unlocked is uh you have usdc
and you want to only learn debook but this is just not yet live so it's going to live tomorrow so the api and all is okay but so you can just deposit from here from alpha and strategies by
the way if you have not used strategies alpha you should try you could get some pretty awesome um you
know but anyway so after the shameless plug, now I have deposited into dbook.
Now this is earning, basically this is earning a dbook API, whatever it is, right?
Now it has given me db usdc also that is issued by us.
And then you can go to Alphaland and then you can supply this as collateral.
You got 99.99 db usdc. You supply this as collateral you got 99.99 db USDC you supply this as collateral and then
once you supply it now you can basically you would be earning yield on it and
then you would also you can also borrow against it so you can basically we have an entity of 85% which is same as the USDC and you can borrow up to
85% of whatever you have supplied right. So what we are doing by this, this is just the
first unlock, you can deposit into dbook, earn yield, provide liquidity to all the protocols
to use and then use that receipt token which is DBUSDC and deposit into Al to use and then use that uh receipt token which is dbusdc and deposit into
alphaland and then again use it as collateral you could probably borrow usdc again and then supply
it to the liquidity right so that way you are actually uh making your capital more and more
efficient um kind of re-hypothication of what you already have right so that's the first thing so this is going to go
live uh tomorrow and uh yeah that's that's the first thing and other things uh as i said like
uh we we keep it uh uh once we have it we can we can talk about them but this is what we have right
now you can use your d book vault as collateral in alpha land
and borrow again a state.
So that's the first thing we'll have this for all kinds
of vaults, USDC, SUI, BTC and all that.
All those markets will rely on alpha land
and then we'll take it from there.
Yeah.
Amazing.
Awesome.
Well, this is really some great depth across both of you guys.
Like this is something where we depth across both of you guys. Like,
this is something where we can naturally go, you know, for hours going into the depths of,
like, each individual piece and, like, how we really get into, like, working through this. And this is naturally something where, for the broader audience here, you know, if we are looking to go
deeper, like, that's 100% something that we can provide. Like, naturally, these guys are the
experts. Like, Aslan as well, like, folds into this and there's quite a bit more depth that we can provide here. But I also want to, you know, expand the story here now that
we've had an opportunity to look at both of these respective projects specifically and how they work
and like how they operate and how a user can follow along to say like, you know, when you were
going through this, like what were some of the visions of like things that like you imagine
coming next? Like, what do you imagine like are some of the things that would lead to your project evolving over time?
Like, this is naturally the first step.
And like, this is naturally an opportunity to visualize the fact that like you guys' projects are growing quickly.
But like, you know, what is what is the future look like for each one of your respective projects?
Maybe Raj, let's start with you.
Yeah. So when you're thinking about this, right, so we are thinking of two things, right?
First thing, how can we make it easy for user to, you know, own, right?
Make his capital work for himself, right?
That's number one thing.
So you will see one click strategies on including Deepbook and Alphalan very soon.
So that's the whole point.
You have one click, you deposit and then you're earning it, right?
So that's one aspect of it. Then second thing we are trying to think is like what is by building this product
uh first of all why user would uh use this instead of whatever else is there out there uh why it
uses this because it's more safe it's the leap book is managing the liquidity and you know the
risk engine so that makes more sense they're not testing one protocol second are we helping the helping people grow its liquidity right that's the whole
point so we want to ideally have all the usdc and alpha land go through deep book because that is
when that liquidity will help other protocols uh and all all that right so what i feel is basically
that's the whole point uh i think uh incentives
so right now protocols like us we don't have to compete with other protocols we want because the
liquidity is already in the book it will keep on going and then we can focus on the product how to
make it easier right why somebody would use deep trade compared to hyperliquid why somebody would
use real uh you know uh leverage instead of synthetic, right?
So what is it special here?
So we want to focus on that and build products like that.
So that's the whole point.
While making it easy for the user, different from other things, and then also helping the debug to grow.
Because once debug grows, that's when the real unlock happens for across,
not just sui, everywhere, right?
So that's the whole level.
And I think incentives, then we don't have to do incentives for different protocols and users it could go to dbook and then it'll automatically
organically grow because everybody's using that and you can compete on the product you can product
becomes a commodity right now instead of competing for the liquid and stuff like that that's where
the future is there so that's where we are going so pretty happy that you know we don't have to
worry about liquidity but you can just build what we want to build so yeah no i like the way you frame that it almost
kind of sounds cyclical in a sense where you know there's a natural like tie back in where
there's a starting point on deep book in terms of foundational pings and then it services what
are like broader d5 projects and then as those d5 projects then become successful it only amplifies
what deep book is offering collectively to just add more and more. So that cyclical relationship
where DeepBook at the end of the day is just supposed to, again, service and make Suede
DeFi Builder successful. And so consistently seeing that actually play out, there's both
of your guys' projects is definitely an exciting thing to see. That's super helpful context.
Anton, I also want to give you some time as well. When you think about the future, when
you think about what you're excited about, when
you think about what's coming next, you guys actually move very quickly, but would love
to understand what's already on your mind.
Sure.
So I guess high level, our mission at DeepTrade is to provide instruments and tools for traders to help them earn money,
make money on trading.
And if we will try to split this big mission into the components,
I guess it will be one is making the interface as seamless as possible
because it allows not only only like defy folks to join but
a lot of like regular people like maybe who just try trading one time and like doesn't have like
an expertise in all the stuff to to trade on the platform uh another thing another component i guess from this one would be to make the application itself
like super i mean it should it should have a lot of like um it should have less friction
and it also should be like reliable and also it should have a lot of like speed in terms of trading because for all
trading applications like speed on how how how quick you can place an order how quick you can
cancel it how quick and how quick you can like review your position and overall like for the
trading speed is super important so we double down on that stuff and there is a lot of like
speed is super important so we double down on that stuff and there is a lot of like
some infrastructure components we have to upgrade some like ux ui things we have to to fix to make
it like super fast like application because i mean for like even not trading complications speed is
super important so this is kind of like uh two components at least i i i see from like high level um yeah it makes no sense
makes no sense and it's exciting to see that across both of you guys like you're pretty aggressive i
would say in terms of like how you're thinking about growing and growing quickly um and it's
it's almost to the point where like we need to catch up to you guys but uh i'm really impressed
to see both of you guys like doing such great work and such a quick pace. You know, with that, Aslan, I want to give you the floor as well to kind of like hit on one last point here.
So like we've naturally articulated in quite a bit of depth, like how to engage in different protocols, both from like taking inspiration on the builder side of things, but also just getting more comfort and familiarity from like the trader side of things. So more generally in terms of like advice, gotchas, things that you feel like for both of those audiences,
things that you think is worth sharing
just as a top level.
Are there any things that maybe
you're seeing collectively or you're learning
as we're now live with Margin
for a decent amount of time now,
just things that are worth sharing at a top level
before we kind of get into closing out?
Yeah, definitely tons to learn tons that i have
learned in the last couple of weeks um since since we've launched uh one thing that i do want to touch
on this is more towards the builders rather than traders um at the end of the day right in in defy Right. In DeFi, we are building financial services for users that are already there to consume these services.
There are already users that want to trade and there are already users that want to do all sorts of things in DeFi.
And our responsibility is, how do we make it so these trades happen on sui and they happen through depot
what are how do we make it so we are we figure out the trader acquisition story here and what
it comes down to is enabling new experiences we want to this is just the foundational stuff right now. This is just, you know, step zero, the leverage and margin here.
But we really want to get to a place where any type of trader, whether it's like a short
term, you know, leveraged trader, midterm kind of swing trader, you know, somebody that
just, you know, gambles with some, a few dollars
with like high risk bets. We want to make it so those experiences are available on Suite. And we
are designing these financial primitives through DeepBook to make it so they can be combined and
to combine in a way to express those user interfaces and express those apps and actually attract the users.
So it's vital for us, like the core DeepBook team, to also be actively working with our third-party
builders and everybody else in the ecosystem, because we are learning a ton in terms of
understanding what the builders struggle with, what we can help with, what the retail user feedback is, and what
do we need to do to address that feedback.
And overall, what is the ultimate thing?
What is the root problem we're trying to address, and are we doing it in the right way, and
are we making progress?
And I think we are.
And with builders like Anton and Raj
and others in the DeFi ecosystem,
in the Depot ecosystem,
I think we're gonna really come out of this market
as a winner.
Yeah, I love it.
I love it.
And as you focus more on the builder side of things,
I think I'll add more as selfishly
on the trader side of things.
I think one thing that I would love
for the audience here to really think about is
everyone is going on their respective journey in terms of learning and getting more familiar
with SWE and SWE DeFi, understanding components of one-on-one material,
understanding the depths of more advanced terms, more advanced strategies,
whatever it may be, and a big component of that is education.
And so this series is really one attempt at making it so that people collectively feel
very comfortable not only being familiar with what is the ecosystem, but also familiar with the concepts
and just engaging and understanding and feeling confident, engaging in any component of Sweet
DeFi. So from an educational perspective, like the biggest thing that we can do is continue
to double down and making sure that people have the resources they need. So from a trader
perspective, like as you engage, as you're seeing things that don't make sense or don't work or things that you have questions on like raise your raise your hand
raise your hand and say like hey i would love to understand it a little bit more depth or this
doesn't make sense to me and like we will look and commit to the idea myself leading up marketing for
deepbooks we will commit to ensure that there are the right educational resources available to you
on a regular basis but it comes from actually getting that feedback loop stood up. So continuing to have these sessions, consistently providing
feedback, engaging in Discord specifically and saying, I need this, I need this. Like those are
incredibly helpful feedback loops for us to have both again, from a builder perspective where Aslan
is leading quite a bit of work, but then also myself on more of a non-builder perspective
to ensure that everyone is kind of coming along with us on this journey and that everyone feels comfortable with
the idea of finance. So with that, I really appreciate this group here. Like this was
fantastic. We're going to look to continue to do these in the future as much as there's demand.
But one thing I do want to call out is naturally from like an action perspective,
these are just a few of the many projects that are embedded within SweetDeFi,
a few of the many projects that Deep embedded within SWEET DeFi,
a few of the many projects that Deep Book has directly tied into in terms of helping support SWEET DeFi success. And it all ties more broadly to a broader Deep Book Points program that's
running currently. And the aspiration here is that we want you to feel comfortable with SWEET DeFi.
We want you to have the desire to want to go and engage and learn and test and provide feedback.
That is a lot of why this Deep Book Point program exists.
And so Deep Book engagement collectively is definitely a big piece of how we think about
things.
We want people to provide that feedback and we want these projects collectively within
Sweet DeFi to be successful.
So with that, the Points program will continue to run.
Please continue to explore a lot of the different protocols here. And we're very much looking forward to continuing to find ways to serve you guys, serve some of
these fantastic builders that are with us today, and then consistently get feedback. Like that's
the end goal in everything that we're doing here. And we're very much committed to just making
Sweet DeFi successful. But with that, really appreciate the time, guys. I guess one last
thing to close it out is that DeepBook will be pretty present at a lot of the upcoming SWE DeFi and SWE events more broadly.
We're going to be at and present at Hong Kong Web3 Festival.
We're going to be present at Consensus Miami.
And we're always going to be looking for more opportunities to engage with a broader DeFi community.
So with that, looking forward to seeing a lot of other people there.
And with that, I think we can close it out.
But thanks, guys, for taking the time.
And thanks for the audience here for tuning in.
And looking forward to seeing everyone soon.
Thank you, guys.
See you. Bye-bye.
Thanks, guys.
