US EditionBinance Co-Founder CZ Proposes Dark Pool DEXs to Tackle Manipulation
- Binance founder Changpeng Zhao proposed on Sunday a dark pool-style decentralized exchange that hides trades to prevent front-running and manipulation.
- He made this proposal following several high-profile losses and growing concerns that traditional DEX transparency exposes wallet-linked orders and liquidation points to MEV attacks.
- Zhao and industry experts highlight that the proposed new DEX should operate without requiring user trust, avoid holding users’ assets directly, support multiple blockchain networks, and incorporate zero-knowledge proofs to enable private trading while ensuring decentralization.
- Zhao emphasized that major traders should not face risks like front-running or MEV exploitation simply by trading on decentralized platforms, and experts suggest that his proposal could pave the way for DeFi solutions suitable for institutional investors.
- This proposal could reshape decentralized finance by unlocking privacy-focused trading for institutional and retail users, triggering wide industry debate on balancing transparency with user protection.
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24 Articles
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