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1) These are cool right now! 2) FTX offers a bunch of these for free, e.g. USDC/TUSD/PAX/BUSD/HUSD 3) The DeFi ones rely on $1mm/day of liquidity incentives, those will dry up

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Andrew Kang

@Rewkang

Aug 21, 2020

DeFi Primitives are insane You can swap $100M USDC->USDT for 0.07% after fees & slippage DeFi will significantly reduce margins for CeFi stablecoin trading

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11:21 AM · Aug 21, 2020Twitter Web App

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elizab.ethᅠᅠᅠᅠᅠᅠᅠᅠᅠᅠᅠᅠᅠᅠᅠᅠᅠᅠᅠᅠᅠᅠᅠᅠᅠᅠᅠᅠᅠᅠᅠᅠᅠᅠᅠᅠᅠᅠᅠ

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Do you think traders who deposit USDC into FTX and immediately withdrawing another stablecoin like PAX counts as abuse? Just wondering

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I think they don't mind as long as you're actively trading as well.

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and

When $dai Sam?

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FTX is not permissionless. Sure, if you renounce your citizenship (if you’re from the wrong country), doxx yourself and trust a third party to custody your funds and give them back to you, then yeah, you’ll get a slight discount using CeFi vs DeFi.

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Is it doable without the incentives in a decentralized way?