After the recent liquidation of large LONG positions by James Wynn, CZ suggested building a perpetual DEX where orders and liquidation points are hidden.
🔍 The Problem:
• On current DEXs, all orders are public, leading to MEV attacks, front-running, and poor trade execution.
• In perpetuals, showing liquidation levels makes traders easy targets.
• Even whales with $1B can get wiped if the market sees their positions.
• In TradFi, big players use dark pools to avoid this, they're 10x larger than visible markets.
✅ CZ’s Proposed Solution:
A decentralized perp exchange with:
• Hidden order books
• Hidden liquidation points
• ZK (Zero-Knowledge) tech for privacy
• On-chain security with protection from manipulation
This could be a game-changer for fair and safe trading in DeFi.
