Opinion by: Aneesh Mohammed, the co-founder of the Panther Protocol
Binance co-founder Changpeng “CZ” The recent proposal in Jhao’s recent proposal The proposal to create a dark-poop Perphal Swap Divertiated Exchange (DEX) is more than just a novel idea-this is a time-time reflection where the web3 is falling short.
In the market run by institutions and large stakeholders, CZ’s call for protection from personal execution and maximum extractable value (mev) underlines a more deeper truth: Crypto does not have the current trading infrastructure structure, discretion or sophistication.
The alleged onchain manipulation of the hyperlikid, where the liquidation of approximately $ 100 million was publicly detected and appears to be put into a sharp relief.
Public blocks provide equal access to data to all, but in doing so, they also highlight traders for front-ringing, copy-trading and wallet monitoring. In traditional finance, it is fine that a dark pool was built to escape.
Mismatched between market maturity and infrastructure
Crypto has grown. Now we have consistent digital assets in the billion-dollar range. The expansion of the user base to include institutional investors, regulated funds and corporate treasurer is beyond the initial adoptors.
Nevertheless we still rely on the old performance models: limited scope, over-the-counter desk and disability with incapable over-the-counter desk with limigors and peer-to-pear swaps. The current infrastructure in space is not mature enough for institutional investors, which are accustomed to more sophisticated mediums to execute deals and trades.
Worse, there is a constant danger of exposure. Batules related to founders, funds and whales are often tracked in real time. Every movement can send hints to the market, no matter how small or big it is. That level of visibility may appeal to retail traders for Intel’s hungry on market movements. Nevertheless, it is an important preventer for sophisticated players and large institutions that should enter positions without sparking a frenzy and exit.
CZ’s Dark Pool Dex
The idea of a dex with hidden liquidity, where orders do not appear until the execution, is not new to traditional finance, but it is still missing in the crypto. The CZ manufactures a protocol that uses secrecy-transfering technology such as zero-knowledge proof or multipratual computation (MPC), until they finally hide the mechanics of trades. The intention is clear: protect me from mev bots, reduce the manipulation and create a safe place for high-length trades.
Connected: It is mentioned here how to deal with signing fragmentation through integrated liquidity
Business comes with privacy. Complete opatively can open the door to unknown manipulation. If dark pool structures reduce market transparency, regulators and some users can push back. The challenge will balance the requirement of conscience with the demand for accountability.
Comprehensive market signal
Whether the idea of CZ takes shape or not, his call itself is a sign.
There is a growing demand for infrastructure that supports private, large -scale crypto transactions without relying on centralized intermediaries or old equipment. It is not just about preserving trades; This is about enabling the scale, exiting and reducing friction for serious market participants.
Due to the web3 mature, the beliefs we have operated for the past decade should develop. The perception that each transaction should be publicly publicly public can appeal to ideological purists, but it no longer fit the realities of the growing, capital-intensive industry.
CZ’s call for a dark pool dex is not just a reaction to an event; It is a diagnosis of a systemic requirement.
If Crypto is to attract severe capital, it must provide a serious infrastructure. This means that execution is a clear difference between privacy, intelligent safety measures and transparency and risk. Web3 is finally growing up. Now, its equipment also needs to do so.
Rai by: Anish Mohammed, co-founder of Panther Protocol.
This article is for general information purposes and is not intention and should not be taken as legal or investment advice. The ideas, ideas and opinions expressed here are alone of the author and not necessarily reflected or represented the ideas and ideas of the components.
