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

Chiang Mai, Mueang Chiang Mai District, Chiang Mai, Thailand

Question is more so in what ways is that better?

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.

Someone should frame this entire interaction below bc it’s very good debate

you probably don’t think about liquidity enough // it is what it is  // build value, not valuation

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it's just one mane claiming toxic flow can be solved (it can't)