CZ: Now may be a good time to launch an on-chain dark pool perpetual DEX

CZ stated on platform X that considering recent market trends, now may be a good time to launch an on-chain dark pool style perpetual contract DEX. He pointed out that the issue of all orders being visible in real-time in existing DEXs is particularly severe on perpetual contract platforms, especially when it involves the exposure of liquidation points, which makes it susceptible to market manipulation and MEV attacks.

CZ stated that traditional financial institutions effectively avoid this problem by using dark pools, and similar mechanisms are equally important in on-chain trading. He suggested using zero-knowledge proofs (ZK) or other cryptographic methods to hide order books and even funds deposited in contracts to reduce information exposure. He also noted that while transparency benefits market makers in absorbing large orders, different types of traders may prefer different market mechanisms. $BNB