Ruslan Fakhrutdinov – Extended Exchange and Vault Tokenization (S7E27)

Corey Hoffstein chats with Ruslan Fakhrutdinov about perpetual futures and risk management. They discuss settlement independence in decentralized platforms, loss allocation, and exchange responsibilities. The episode covers market-making vaults, vault intervention, and risk limits during liquidations. Ruslan introduces extended vault shares (XVS) and discusses mark price and collateral haircuts. They also explore system stability, depositor protection, stress testing, and expanding collateral options. The conversation concludes with insights into the future of decentralized financial markets and Ruslan's personal interests.