My name is David. I’ve been with Vega for a while thinking mainly about various aspects of financial risk and how design a safe pseudonymous protocol that trades in promises (derivatives) together with @tamlyn and @barney. Results of this are the margin mechanism and the risk engine design together with the early risk models that we have implemented. Other Vega related things that keep me busy are the liquidity incentives for market makers and mechanism design in general. A fair part of this is covered in the white paper.
In my other life I do research at University of Edinburgh School of Mathematics and some teaching (mainly stochastics and mathematical finance).
What brings me here?
My connection to Vega is from one of my previous jobs when I worked as a fixed income quant… and one of my colleagues knew George from his PhD days at Cambridge… that’s the “how”. As for the “why”: when @barney, @tamlyn, @ramsey pitched the Vega vision to me I thought: interesting, this might just about work. But it won’t be easy and there will be a lot of interesting research questions arising from this. We’ve solved some, some have motivated my academic research in particular in relation to machine learning and some are work in progress. But the point is that working with Vega is super exciting.
Dream use case of Vega?
Anything that helps people or companies get on with their lives (core business) more easily than they could before: be it easily traded weather insurance, FX futures for holidays… anything where the user won’t even know that there is “Vega protocol” behind what they are doing in the same way that most people don’t know that there is something called TCP/IP running the internet.
Book I’d recommend
Well, Hull’s “Options, Futures and Other Derivatives” is always a good start, then there is Karatzas’ and Shreve’s “Brownian Motion and Stochastic Calculus”… but jokes aside if we are talking about reading just for fun then I’m a big fan of Terry Pratchet (Mort is probably the favourite), Ursula K. Le Guin’s books are great (The Left Hand of Darkness)…
Not sure… I’m not really up to speed when in comes to crypto (or any other) memes.
What fictional world or place would you like to visit?
Hard to say… Discworld would be fun I suppose but some characters there have very short and unpleasant life spans. The Earth of “Futurama” i.e. 1000 years and the future here, but with Zoidberg and Bender. Good news everyone…