AMM good 😀 AMM bad 😫
AMM good 😀 AMM bad 😫
AMM good 😀 AMM bad 😫
Help I can’t decide
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Conversation
Replying to
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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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)
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Replying to
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.
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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.
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