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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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Stas
@stas
Afaik most AMMs aren't "actually decentralised"
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@haardikkk
Please expand?
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Stas
@stas
Most of the AMMs are powered by centralised APIs that cache and alter or "normalise" the onchain data. Their front-ends aren't realtime nor standalone. There's almost no difference between such products and CEXes except for the smart contract powered settlement/database. This trend is taking off under the decentralisation flag which is at least inaccurate and at most a lie to the end users.
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Haardik
@haardikkk
Are you talking about offchain routing? Finding a path to route your trade? I don’t think that makes it centralized - you can build your own router and it’s not *that* hard to do if you really want to
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