Primarily, this boils all the way down to the difficulty of DeFi’s poor capital and liquidity effectivity. With out getting too deep into the technical facets, centralized order guide fashions are infinitely extra environment friendly than DeFi’s method, however lack transparency. With such fashions, it’s very simple for the home to be betting in opposition to its customers, and even misappropriating consumer funds.
DeFi Fumbled Its Publish-FTX Benefit in 2023, however There’s Nonetheless Hope for 2024
previous post