Vega is a protocol for decentralized trading and execution of financial products. It is designed for fully automated, end-to-end margin trading in open public networks, secured by proof-of-bid. Vega describes a new incentive scheme that uses a dynamic liquidity market.
From the Vega technical document, I liked several ideas that underlie the concept.
Vega opens and decentralizes markets by fully automating the processes and incentives for trading and settlement of financial products between participants. Trading and settlement are designed to be fair and predictable for participants. Access will be open to all, and the creation of markets will no longer depend on
central parties or organizations.
The market management functions in Vega are based on the concept of share-weighted voting, with various actions such as creating and closing markets, as well as setting parameters that affect their behavior.
Vega is a decentralized platform for financial products in which no single node or party will be compromised. To meet the need for a flexible, self-managed system, Vega provides a standardized structure for creating and interacting with markets that is both rigid enough
to provide certainty for users, and flexibly designed to allow for future expansion of
types of markets and products, as well as trading modes. The main part
protocol is simple to ensure that implementations and the behavior of various transactions can be tested and can be verified by any observer.