Investing.com - Financial Markets Worldwide
👀 Ones to watch: The MOST undervalued stocks to buy right nowSee Undervalued Stocks

DAOs, DEXs and whales? How Web3 organizations became the new crypto beasts

Published 05/14/2022, 10:11 PM
Updated 05/16/2022, 12:20 AM
DAOs, DEXs and whales? How Web3 organizations became the new crypto beasts

Web3 has brought a lot of excitement into the industry, as evidenced by the nearly $50 billion market capitalization Web3 tokens have grown in recent years. The very ethos of Web3 is one of its most attractive traits. It is an ecosystem free from barriers or intermediaries, welcoming to anyone from anywhere and open anytime.

However, there is one massive problem: There is no infrastructure within decentralized finance (DeFi) robust enough to execute these large orders in an entirely decentralized manner, as the use of centralized exchanges contradicts the decentralized nature of the decentralized autonomous organization, or DAO. Let’s unpack the relationship between DAOs and decentralized exchanges (DEXs) and how a specialized DEX could benefit DAOs now and in the future.

0xDorsal is the pseudonymous co-founder of Integral, the world’s first DeFi primitive for large orders. Dorsal’s background as a hedge fund manager positioned him well to help drive the migration from TradFi to DeFi. Dorsal has extensive experience as a business development lead within DeFi. In addition to his work at Integral, Dorsal is especially interested in market design, liquidity, DAOs and coordination.

Continue Reading on Coin Telegraph

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.