The evolution of crypto trading
1.centralized exchanges like Binance,coinbase ect
Offer an easy way to buy crypto but prone to scam wicks, customer doesn’t have custody of assets (centralized), typically have to KYC
1.centralized exchanges like Binance,coinbase ect
Offer an easy way to buy crypto but prone to scam wicks, customer doesn’t have custody of assets (centralized), typically have to KYC
2. Uniswap - decentralized but expensive, not capital efficient, can only trade spot
3. @GMX_IO ,@lyrafinance , @kwenta_io
Decentralized, rely on oracles that can be exploited (gmx limits the trade size and leverage amount to keep from breaking the lp)
But provides a more versatile alternative to uniswap
Decentralized, rely on oracles that can be exploited (gmx limits the trade size and leverage amount to keep from breaking the lp)
But provides a more versatile alternative to uniswap
4. @DeusDao v3 basically gmx but otc and not trading in a closed system. Your trading against a counter party
Uses RFQ (request for quote) and can bypass liquidity limits using an OTC order book aka bringing off chain liquidity on chain
Uses RFQ (request for quote) and can bypass liquidity limits using an OTC order book aka bringing off chain liquidity on chain
Of course Deus is still not proven yet so as always time will tell what haps but still interesting to see the defi space evolve.
Anyone remember the stake your cake and earn cake with pancake swap…….simpler times
Anyone remember the stake your cake and earn cake with pancake swap…….simpler times
Looking forward to what you build @DeusDao @lafachief
Loading suggestions...