Less CEX, more DEX

It is winter in the northern hemisphere, and so is crypto. The energy crisis across Europe doesn’t help keep warm. Jingle Bells will send farewell to a year of turmoil and drama. The positive sign is evils are collapsing one after the other. It is nature’s self-detoxicating process. You need to let the toxics go, so the system can regenerate.

Painful experiences lead to the public’s consensus towards self-custody. Finally, we have to admit that the most reliable person in the world for you is yourself. This is a hard fact to swallow for many people. The biggest challenge for adopting self-custody is cultivating self-trust. Only you being the responsible custody for your own assets can save you from being a slave to others.

Our reliance on centralized exchanges(CEX) is also due to the lack of an equivalent solution among the decentralized exchanges (DEX). Suppose I want to do limit orders like on Binance but in a decentralized way. Where can I go?

There are limit orders on Ethereum. The most notable is 1inch’s limit order. But, this is not a classical limit order like on an order book. 1inch’s limit order is essentially driven by arbitrage profits. Users submit limit orders and wait for the orders to get filled. Takers choose the orders that give them a good profit margin to take, taking into consideration the size, gas fee and profitability. There is no fixed…