dYdX and Other Decentralized Derivatives Explode- Analysing User Experience, Future Developments, and Shortcomings
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Author:Wu Blockchain Translator:DeGate 1. Order book vs. AMM The above diagram shows a typical order book used by a Centralized Exchange (CEX) to determine the fair price of an asset. A person responsible for placing orders is called a market maker, who buys when there is a surplus of the market to sell and sells when there is a surplus of the market to buy, thus providing liquidity. Professional institutions generally play this role.
dYdX and Other Decentralized Derivatives Explode- Analysing User Experience, Future Developments, and Shortcomings
dYdX and Other Decentralized Derivatives…
dYdX and Other Decentralized Derivatives Explode- Analysing User Experience, Future Developments, and Shortcomings
Author:Wu Blockchain Translator:DeGate 1. Order book vs. AMM The above diagram shows a typical order book used by a Centralized Exchange (CEX) to determine the fair price of an asset. A person responsible for placing orders is called a market maker, who buys when there is a surplus of the market to sell and sells when there is a surplus of the market to buy, thus providing liquidity. Professional institutions generally play this role.