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

Co-Founder & CEO at @maxapy & @turingcapital | Founded MAD Lions KOI, as well as source{d} & Tyba | /crypto since 2012 | ✝️

Agreed for derivatives 

If you place an order you do need to lock your liquidity. The equivalent is simply placing that liquidity highly concentrated in an AMM - no?

On a CLOB I don't need to lock up my capital to make the market, which allows me to make the market in a much more capital efficient way. Also, AMMs are decent for spot products, but for derivatives they work worse

Genuinely out of good faith - I don’t see how? Can you illustrate with an example?

CLOB requires less capital in the book for the same volume of exchange compared to AMMs, but AMMs are still a great invention for newer markets