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This is a validation post. Time: 2026-01-25 11:20:39
I’ve been staring at order books since before most desks even knew what DeFi meant. Really? My first take was equal parts curiosity and skepticism—curiosity about how on-chain matching could scale, skepticism about settlement latency and slippage. Something felt off about the rosy AMM narratives that ignored institutional needs. Initially I thought a better AMM …
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