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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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Haardik
@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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Stas
@stas
I'm talking about APIs feeding apps in DeFi. When we have a centralized piece of software, we should not call ourselves decentralized. It's not about hard/easy, it's about projects not doing their job. If it was that easy, we wouldn't have this conversation, right? 😉
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Haardik
@haardikkk
I’m still not sure I get your point. You don’t need to use the offchain router, you can submit your swap for whatever route yourself. And front ends are open source, run your own if you don’t want to use the official ones From the projects perspective what more are they supposed to do?
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