🔥 CZ: DeFi needs "anonymization" technology for Perp DEX

CZ warns: "On DEX, everyone can see your orders. With Perp DEX, it's even worse — people can also see the liquidation points. This easily leads to MEV, slippage, and forced liquidations."

💡 In the traditional financial market (TradFi), big players use dark pools to avoid being front-run. CZ believes DeFi also needs an on-chain dark pool type Perp DEX — where users can trade anonymously, safer from market manipulation.

🥲 If this becomes a reality, traders will find it hard to spot huge volumes like James Wynn on Hyperliquid anymore...