Order Books on DEXs, Leverage, and Where Real Liquidity Hides
Whoa! This one’s been on my mind for a while. Traders keep asking the same two questions: where’s the liquidity, and how do I get leverage without getting mauled? My instinct said: somethin’ bigger is happening in order-book DEXs, though actually—let me rephrase that—there’s a tension between centralized-speed market making and decentralized safety that most […]