Conversation

SBF
@SBF_FTX
Replying to
@haydenzadams
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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hayden.eth 🦄
@haydenzadams
Replying to
@SBF_FTX
and
@SBF_Alameda
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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SBF
@SBF_FTX
Replying to
@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.
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