DAOs, DEXs and whales? How Web3 organizations became the new crypto beasts

Web3 has brought a lot of excitement into the industry, as evidenced by the nearly $50 billion market capitalization Web3 tokens have grown in recent years. The very ethos of Web3 is one of its most attractive traits. It is an ecosystem free from barriers or intermediaries, welcoming to anyone from anywhere and open anytime. 

However, there is one massive problem: There is no infrastructure within decentralized finance (DeFi) robust enough to execute these large orders in an entirely decentralized manner, as the use of centralized exchanges contradicts the decentralized nature of the decentralized autonomous organization, or DAO. Let’s unpack the relationship between DAOs and decentralized exchanges (DEXs) and how a specialized DEX could benefit DAOs now and in the future.

Benefiting the pod

While the promise of Web3 has attracted traders of all income levels to the space, large traders, or whales, developed into one of the most influential types of crypto traders.

Traditionally, whales fall into one of two categories: large individual traders or entities. Recently, DAOs have emerged as a new form of whale trader. Operating entirely democratically, these organizations have been…

Read more at cointelegraph.com

Leave a Reply

Your email address will not be published.


*