[3 Differences Between Dango and Other Perp DEXs] Larry (@larry0x), the founder of Dango (@dango), tweeted about 3 key differences between 'Dango' and existing perp DEX products. (Additionally, while these 3 differences are not inventions by the Dango team, they expressed confidence that by combining these three, they will create the best product.) The FBA (Frequent Batch Auctions) method I previously explained on X, Cross-collateralization, and AMM vault (Automatic Market Making Vaults) are the three differences Larry mentioned. Now, I will briefly explain each of the three differences. ㅡㅡㅡ 1. FBA (Frequent Batch Auctions) The FBA method refers to a mechanism that collects orders existing within a short time frame on-chain and executes them in a batch auction format. Unlike the traditional CDA (Continuous Double Auction) method, which processes orders as they come in sequentially, the FBA method does not execute orders immediately upon arrival but instead collects them over a certain period and processes them all at once. Using the FBA method can help mitigate MEV/Latency Arbitrage and increase market stability. Reference tweet: 2. Cross-collateralization Cross-Collateralization refers to a structure where positions share collateral not only within a single market but also across different markets. It expands from the existing structure of Cross-margin, where multiple positions share the same collateral pool within a single market (spot, perp, etc.), to now sharing collateral between the Spot market and Perp market. Using the Cross-collateralization method can lead to 1. capital efficiency, 2. flexibility in risk management, and 3. improved trading experience. Reference tweet: 3. AMM vault AMM Vault implements automated market-making strategies in the form of a Vault, allowing participants to supply liquidity instead of a centralized entity. (Automated Market Making Vault) Unlike simple liquidity pools, it ensures stable liquidity provision even in highly volatile market conditions while providing retail investors with new earning opportunities through simple deposits. Basic AMM vault structure: 1. User Deposit: User deposits a token pair (e.g., ETH/USDC) into the vault. 2. Automatic Pool Deposit: The vault provides assets as liquidity to the AMM pool. 3. Fee Collection: Accumulate fees generated when traders transact in the pool. Using the AMM Vault method can lead to 1. enhanced liquidity stability, 2. improved responsiveness to volatile markets, and 3. diversification of investor returns. ㅡㅡㅡ This summarizes the three unique product differences of Dango. Recently, as many Perp DEX projects have emerged, it is evident that the @dango team wants to create as many differentiators as possible from existing perp DEXs. Not only these three differences, but Dango is also developing its own L1 GrugVM, making it a spot and perp DEX project that includes spot functionality, which significantly enhances its scalability and growth potential. As Larry mentioned, "We stand on the shoulders of giants!", I hope the Dango team can extract the best parts of the research conducted in previous projects, further develop them in their own way, and ultimately create the best product (Dango) with its unique differences and advantages!