Bitshares' OpenLedger is decentralized exchange on the same blockchain of pegged assets. This is not equivalent to decentralized exchange of the actual assets between blockchains. For one reason in that pegged assets don't precisely track the price moves of the asset and they don't give you diversification of holding the assets (e.g. diversifying blockchains). Not to mention that OpenLedger is not popular and thus has insufficient volume. The latter has been impossible to implement because of a jamming vulnerability, but I have recently privately proposed a solution.
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Yes, look at the volume. Every time I look Openledger has < 1% of STEEM volume. After months of promotion via STEEM. It's clear that there is a fundamental liquidity problem with decentralized exchanges. But no one wants to talk about it... and pretend it doesn't exist.
@smooth has pointed out that OpenLedger may not even provide complete risk avoidance: