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Haardik
@haardikkk
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?
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Jorge Schnura
@schnura
Liquidity efficiency
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Haardik
@haardikkk
what do you mean?
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Jorge Schnura
@schnura
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
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Haardik
@haardikkk
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?
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Jorge Schnura
@schnura
I can use the same liquidity to place multiple limit orders. The first one to get filled would close the rest. It's not real liquidity (otherwise it would mean leverage) but theoretical leverage. In any case, it's more efficient than AMMs. What really kills AMMs though is fees. There's no way we @turingcapital could operate with Uniswap's fees for example
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