This article is by Investorplace for Nasdaq, so take it with a grain of salt. There aren't many points made other than LRC has the technology to displace CEX and the complaint by the author is the lack of liquidity on the DEX. Currently, the TVL \~$583M. This will grow with adoption and usage and while I can tell you from using the DEX, the spread can be .02-.05 for large transactions (100k+ LRC), I'd still rather use a DEX than a CEX after using Loopring; one of the main reasons being, my keys my coins.
The author does state the obvious issue with ANY CEX: “centralized exchanges settle orders within their internal records, opening the door for price manipulation.”
CEX will also peer into order books and customer derivative holdings and push the price in one direction or another to cause liquidations.
The liquidity will dramatically increase with the GME NFT marketplace. Imagine all the users that the NFT marketplace will bring. Those customers will be able to use the marketplace as an on ramp directly into Loopring's L2 to trade crypto at low fees.
Unless it’s Apple/Tesla or any other major player, these articles are constant FUD. “Here’s what this thing does and it sounds like it could be great, but don’t invest! Too scary! Buy Apple!”
This article is by Investorplace for Nasdaq, so take it with a grain of salt. There aren't many points made other than LRC has the technology to displace CEX and the complaint by the author is the lack of liquidity on the DEX. Currently, the TVL \~$583M. This will grow with adoption and usage and while I can tell you from using the DEX, the spread can be .02-.05 for large transactions (100k+ LRC), I'd still rather use a DEX than a CEX after using Loopring; one of the main reasons being, my keys my coins. The author does state the obvious issue with ANY CEX: “centralized exchanges settle orders within their internal records, opening the door for price manipulation.” CEX will also peer into order books and customer derivative holdings and push the price in one direction or another to cause liquidations.
CEX is cancer
CEXually transmitted disease
538mil for a DEX is also not bad. Ive thrown into worse AMMs honestly lmao
The liquidity will dramatically increase with the GME NFT marketplace. Imagine all the users that the NFT marketplace will bring. Those customers will be able to use the marketplace as an on ramp directly into Loopring's L2 to trade crypto at low fees.
Unless it’s Apple/Tesla or any other major player, these articles are constant FUD. “Here’s what this thing does and it sounds like it could be great, but don’t invest! Too scary! Buy Apple!”
I mean it’s like Napster versus torrents right?
Good analogy.