DAOs, DEXs and whales? How Web3 organizations became the new crypto beasts -Breaking
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What are DAOs, DEXs, and Whales? How Web3 became the new crypto beastsWeb3 brought many benefits. The industry is buzzing with excitementAs The evidenceWeb3 tokens’ market cap has risen to nearly $50 billion in the past few years. Web3’s very essence is what makes it so attractive. This ecosystem is free of intermediaries and barriers. It’s open to everyone, from any location.
But there’s a problem. There’s no infrastructure in decentralized finance (DeFi), strong enough to handle large orders in a completely decentralized fashion. The use of centralized trades is contrary to the decentralized nature the DAO, or decentralized autonomous organization. Let’s unpack the relationship between DAOs and decentralized exchanges (DEXs) and how a specialized DEX could benefit DAOs now and in the future.
0xDorsal is the pseudonymous co-founder of Integral, the world’s first DeFi primitive for large orders. Dorsal’s background as a hedge fund manager positioned him well to help drive the migration from TradFi to DeFi. Dorsal’s extensive business development experience within DeFi is an asset. Dorsal’s interests include market design, coordination, liquidity and DAOs, as well as his work with Integral.
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