I like this project. However, there are a few aspects of short positions that I don't quite understand. For example, when I want to sell ETH (short it), but there's no one in the market willing to buy my ETH, I don't understand who would be the counterparty for these types of deals.
Secondly, I am concerned about the reliance on only Uniswap oracles. Relying on a single oracle can be dangerous, as the price from that oracle can be manipulated.
Thirdly, I'd like to explain why I rated it 4 stars. Since trading will be based on smart contracts, I see a potential issue with time lag. Given the delay in the execution of a deal, traders may need to wait until their position is updated. Consequently, their position could be liquidated or opened at a higher price due to the lag in block execution on the blockchain. Nevertheless, the idea behind this project is good. Show Less