Will Warren
@wwarren
Hello, feel free to AMA about 0x, Matcha, building on Ethereum, etc!
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Dan Romero
@dwr.eth
You've been working on DEX stuff for close to a decade now. What has been the most surprising development in DEX in the last 5 years?
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Will Warren
@wwarren
What has been most surprising is the continued dominance of DEX models that leak $100Ms of MEV from retail users, despite broad understanding / visibility into the issue and the existence of alternatives. https://explore.flashbots.net/
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JB Rubinovitz ⌐◨-◨
@rubinovitz
Why do you think these models continue to dominate? Brand awareness?
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Will Warren
@wwarren
For long tail tokens, CFMMs (Uniswap v2) are great for spinning up a liquid market and letting price discovery do its thing. For bluechip tokens, AMMs with concentrated liquidity (Uniswap v3) can offer deep liquidity and quote competitive prices, so they win a lot of DEX aggregator orderflow. Orderflow sent through either of these types of AMMs can be vulnerable to frontrunning and poor trade execution. https://0x.org/post/measuring-the-impact-of-hidden-dex-costs
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