Dex Cannot Replace Cex
Jiang Zhuoer: Dex cannot replace Cex because TPS is too low and liquidity mining should reduce transaction slippage.
Lebit Mining Pool CEO Jiang Zhuoer said in a comment that Dex's funding phase is over and will return to where it should be. In addition to Cex, it will take the market for a large number of small tokens.
Dex cannot replace Cex because TPS (transactions per second) is too low and processing fees are too high, which is a disadvantage for Dex. Dex has to use liquidity tricks to reduce transaction slippage. This is considered a bad move because farmers (liquidity providers) use AMM and other methods to provide liquidity and they will continue to suffer losses from volatility.
The most important thing in the world is the conservation principle. There is never a free lunch. For every item removed from the shelf, you eventually need to pay. If "A" does not pay, then "B" will pay. Essentially, this is still a pot with insufficient TPS. The essence of liquid mining is that farmers suffer slippage losses that users initially incur. Therefore, the Dex token must be distributed among farmers to compensate for their temporary losses.
The most important thing in the world is the law of conservation. Money can be made out of nothing, but wealth cannot.