gatedude.eth on Warpcast

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Sumaa pfp

I’ll say it louder for the people in the back - DYDX HAS SHIT MATCHING GUARANTEES If you think I’m wrong come debate me on it

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gatedude.eth pfp

Ok, I want to argue. Do you prefer Decentralization or you love being centralized! Also, how does dYdX's current system handle order priority in practice? Speaking of transparency, everyone loves one but dyxd offer less immediate transparency in their order matching. This is just the tip of the iceberg

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Sumaa pfp

im a decentralization maxi. Dydx handles order priority fully authoritarian - the block proposer gets full control of the order (much like other chains). In terms of transparency, there is none. All matching happens off-chain and it's not possible to achieve consensus on the matching guarantees other than a very dysfunctional "social consensus" layer

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gatedude.eth pfp

I'm turned off sumaa; everyone loves transparency and everything should be verifiable Onchain. Would you give me a dollar without telling you what I intend to use it for? If I just tell you to give me the dollar, and not worry about the use, would you give me? No, of course you wouldn't! Transparency is everything; and decentralization is awesome! Since there's no transparency, orders could be matched wrongly, potentially manipulated, or even delayed. This is bad for web3. Also, how does dYdX compare to other DeFi platforms in terms of matching guarantees?

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Sumaa pfp

so you're agreeing with me lol? All perp dex's in defi have zero matching guarantees. Most of them are centralized

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gatedude.eth pfp

No lol, I'm against... Do your homework Sumaa, not all perps have zero matching guarantees. Ever heard about GMX and Futureswap? Yeah most are centralized but I'II prefer something decentralized. You said so yourself, a self-proclaimed Decentralized maxi! If it's speed, Dydx is probably the Biggest wolf is the pack but others are catching soon. So What'II Happen when they do?

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Sumaa pfp

I don't consider GMX a perps dex. They use what we call a casino house model. Look at trader's pnl vs LP revenue - it's inversely proportional. I've never looked into futureswap. Dydx isn't even the fastest, they are slightly more decentralized then hyperliquid. Hyperliquid is the current fastest perps dex given they run 3 nodes

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gatedude.eth pfp

I can list more than 20 reasons why Dydx is all bark but no dog! Dare me and this could go on forever!

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Sumaa pfp

you realize that im against dydx right, not for it?

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gatedude.eth pfp

WTF! I thought you're for it... Damn! Now I need to look for points that supports Dydx lmao.

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Sumaa pfp

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