kaal:claim:3808852-028

Decentralized exchanges may fail to ensure market integrity, because the code that creates a DEX can allow asymmetric distribution of trading information based on user status.

Source quote, verbatim

the code that creates a DEX may also allow the asymmetric distribution of trading information based on user status.19

From

Wulf A. Kaal, Decentralization and Feedback Effects (2021), IV. Market Decentralization, p. 18
https://ssrn.com/abstract=3808852 · source PDF

Cite as

Wulf A. Kaal, Decentralization and Feedback Effects (2021). SSRN: https://ssrn.com/abstract=3808852

Classification

failuresupport: evidencedfailure: asymmetric trading information on DEXfamily: information-asymmetryeconomicsdisclosure

Related claims

extends kaal:claim:3782216-022 The code that constitutes a decentralized exchange can create new risks to market integrity, because automatio...

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