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Is DeFi's Promise of Democratized Exchanges Just Another Illusion?
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Is DeFi's Promise of Democratized Exchanges Just Another Illusion?

The allure of DeFi is strong. Any user can become a market maker and trade tokenized versions of traditional assets such as stocks. This is what enables a genuinely global, inventoried, and therefore democratized financial system – and that core idea is electronics so alluring. We’ve experienced the emergence of...