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hayden.eth

@haydenzadams

Oct 22, 2020

AMM good 😀 AMM bad 😫 AMM good 😀 AMM bad 😫 AMM good 😀 AMM bad 😫 Help I can’t decide NOT INVESTMENT ADVICE

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SBF

@SBF_FTX

Oct 22, 2020

4) Anyway, a sneak peak at an AMM about to be ready for a beta launch!

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Heh FWIW I think faster AMMs are less bad (less uncertainty in fills --> less slippage --> trades are closer to fair --> less IL), and AMMs are in fact a thing some people want! But yeah mostly I think that bonfida.com/dex is way more powerful than the AMMs.

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and

I agree lower latency makes AMM much better. So does lower network fees! I think maintaining very high degrees of decentralization/security is also super important which is what makes the first part difficult (albeit not impossible)

SBF

@SBF_FTX

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@haydenzadams

Yup, agreed. I guess I think that the decentralization/security tradeoffs from it aren't huge -- they're not nothing but realistically anyone running a node on any major blockchain could run one on a fast chain e.g. Solana. But it does mean that e.g. cellphones can't.

3:24 PM · Oct 22, 2020Twitter Web App

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and

And it also does mean that you have to decide at what point a transaction is finalized enough that you're not worried about a double-spend. This is a larger issue for PoW than PoS systems but if the transaction notional is high enough it's a worry in both.