Insilico Terminal Podcast Episode 18 - @wcm_inc 00:00 Intro, project episode disclaimer, introducing Lucas and Hersch from World Markets 04:00 Founders’ backgrounds, Lucas’ Amber Group exit, TradFi experience and crypto crossover 08:30 Core thesis, why fully on-chain exchanges matter, state sync, risk calculation, EVM choice 14:00 Product vision, combining spot, perps and lending into one unified on-chain venue 20:30 Universal margin system, atomic risk engine, levered basis trade example 30:45 Risk management philosophy, circuit breakers, handling extreme volatility and dislocations 42:00 Exchange design tradeoffs, no ADLs, bilateral counterparty risk, transparency vs CEXs 59:49 Token plans, points program, incentives, launch timing and closing thoughts

UI dox for @wcm_inc?