Along with the recent recovery of the market, the Web3 gaming sector has also attracted the attention of the market with major updates of related projects. In particular, the rise of GALA Games (GALA), which continues to grow quantitatively through movie production and game studio acquisitions, and TreasureDAO (MAGIC), which received a lot of traction due to the success of the roguelike action RPG ‘The Beacon’, have been tremendous.

Hello world. To celebrate the release of our new BI, we’d like to share with you our contributions, capabilities, and vision that made us who we are today.

We have covered everything from the significance of a perpetual futures contract and the existence of a perpetual DEX in three parts, to details on the current Perp DEX industry and individual projects.

In Endgame Series ① and ②, we examined the background and purpose of the Endgame Plan presented by Rune, co-founder of MakerDAO, and the key contents for achieving the ‘Endgame State,’ which he believes to be MakerDAO’s ultimate goal. In particular, we focused on the introduction of a new governance structure called MetaDAO and the true decentralization of DAI through free float, and were able to confirm Rune’s determination to make the MakerDAO ecosystem completely free from external influences.

1\. After the Tornado Cash incident, Rune announced the Endgame plan through which it aims to create DAI as an unbiased world currency that is not affected by any external changes.

1\. Rune, co-founder of MakerDAO, proposed the Endgame Plan, a plan for reforming the MakerDAO ecosystem, to address the internal and external issues facing MakerDAO.

The Oracle model is a trading engine that borrows the market price of assets (Oracles) directly from external market leaders and uses it for the trading price. Therefore, it does not need to build its own price discovery mechanism, unlike AMM and order books.

Bitcoin is a network that successfully established a decentralized accounting system based on economic incentives, allowing anyone to participate. It still boasts the most decentralized node network and has proven that it can realize a strong accounting system without centralized intermediaries.

AMM is a price discovery mechanism that has developed uniquely in the crypto industry. It is a system in which the value of two or more assets is automatically determined by mixing them in a certain ratio when a trade occurs. While AMMs for spot like Uniswap are operated with actual tokens, in an AMM for futures, it is a virtual AMM (vAMM) that is used, based on the assumption that a futures contract has been traded in the AMM for the nominal amount, rather than the actual exchange of spot assets.