DeFi

AMMs:
- better UI/UX
- largest trading volume
- available everywhere
- actually decentralized
- nicely composable
- crypto native
- not wintermute

why do you think CLOBs are still better?

haardik.dev | Founder @learnweb3 | lead instructor /uniswaphooks | building @openfarcaster

AMMs are second class citizens. We are already moving towards RFQs which are just market-makers quoting from clobs

building @so many products • prev. @everyname (acq) @nethermind @proximacapital @consensysacad • thomphreys.com

Question is more so in what ways is that better?

Arbitrage paradise (LVR) has several solutions being implemented right now

MEV attacks mostly prevalent on L1 only

Decentralized liquidity instead of outsourcing everything to wintermute

Fees fairly configurable, top pools have very low fees usually 

Ideologically how are offchain matchers with large MMs any different from just using robinhood for your trades?

amms < clobs:
- decentralized on smart contract level; client/rpc is still centralized 
- arbitrage paradise for mms (wintermute)
- big UI/UX learning curve (bad slippage = sandwich, arb, front/back run) 
- less liquid than clobs
- fees suck

clobs are the backbone of defi. that said, I'm bullish on rfqs.