3 ms·

DeFi is flawed though isn't it? People are just front running the execution of DeFi orders to make money.

• cadillion 5y ago
  The same can be said of centralized finance! Front-running is illegal and occasionally gets punished, but it still occurs all the time. No system is perfect, and one should look at the trade-offs one incurs by operating under any given set of rules. We believe that a more diverse ecosystem contributes to a stronger financial system and a more resilient society, whether centralized or decentralized.
• centralboy 5y ago
  It's more complex than that. There is front-running and back-running in DeFi, but it applies only to certain types of transactions. There also exist solutions to prevent most of it. Regardless of front-running, you still get transparency. It's one thing to be front-run and know about it, but another thing to submit your orders to a black box where a company extracts arbitrary value from them and you don't know what goes on inside.
  • cadillion 5y ago
    Very true, completely agreed!
• aqme28 5y ago
  Most traders don't need to worry about the fractions of a percent that can be taken by frontrunners.