I don't understand one thing. Is it really all that different from centralized exchanges to use LPs of wrapped assets? Internal market is truly decentralized. I get it that wrapping assets on other blockchains can leverage on the host chain popularity, value of its native coin and possible existence of other wrapped assets to trade with. The trading itself might also be considered decentralized. However just like on centralized exchanges there is still a single point of failure - gateway. Failing gateway can pull the value of wrapped coin to zero. Gateway can also undergo maintenance or "technical difficulties", change its fees at any moment or start to require KYC and whatnot without prior notice. A lot of gateways failed on BitShares for example.
Ok, one thing is better - it is technically a lot harder to introduce unavoidable selective censorship. Centralized exchanges can stop handling just your trades and exit requests.
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