privacy

Darker Than Black - Web3 Needs Dark Pools

Dark pools are private markets that have operated in traditional financial markets for a long time, with the advantage of allowing institutions to handle large positions without market impact, but have been subject to many abuse cases due to centralized operations.

This article covers:

> TradFi Dark pools and their problem
> Why CZ said we need dark pools
> Projects building dark pools in web3, and more

Four Pillars

Darker Than Black - Web3 Needs Dark Pools

Dark pools are private markets that have operated in traditional financial markets for a long time, with the advantage of allowing institutions to handle large positions without market impact, but have been subject to many abuse cases due to centralized operations.

This article covers:

> TradFi Dark pools and their problem
> Why CZ said we need dark pools
> Projects building dark pools in web3, and more

https://x.com/FourPillarsFP/status/1929463984648016199

good one! what do you think of this take?

summary

Given recent events, I think now might be a good time for someone to launch a dark pool perp DEX.

I have always been puzzled with the fact that everyone can see your orders in real-time on a DEX. The problem is worse on a perp DEX where there are liquidations.

Even with a CEX

@cz_binance There’s a paper I co-authored on this problem: https://t.co/TdWxyON09l. It describes how to build a private on-chain DEX (a dark pool of sorts), using ZK and threshold homomorphic encryption.

But two years later, I’ve taken a more pragmatic view — and I think building

Damian Straszak

Scrolling is the new smoking.

~ /chelseafc • /privacy • /india

good one! what do you think of this take? https://x.com/damian_straszak/status/1929930054001201616