# kaal:claim:3808852-028

**Claim.** 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.

**Type.** failure  **Support.** evidenced

**Source quote.**

> 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, page 18

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

**Verify.** sha256 of source PDF `31e91158fdeefebc2f0be54ebf89751f7cdd4c89ecea932888f5ba9be6b1caba` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202021%20-%20Decentralization%20and%20Feedback%20Effects.pdf

**Failure mode.** asymmetric trading information on DEX  (family: information-asymmetry)

**Topics.** economics, disclosure

**Keywords.** dex, market-integrity, information-asymmetry, trading-advantage

**Related claims.**

- extends: https://wulfkaal.github.io/claims/3782216-022

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.