CZ’s proposal to develop a dark pool-based decentralized exchange (DEX) reignited a longstanding debate in the DeFi community about whether radical transparency should remain a core principle or give way to selective privacy via cryptography to protect market participants.

Quotes that support claims

Zhao’s post has revived a long-running debate in DeFi over whether transparency is always beneficial, particularly for institutional players

CZ’s post on X sparked a debate on whether transparency in DeFi is always beneficial to the trader, specifically those trading leveraged derivatives

Zhao acknowledges that there are differing opinions on the matter, and traders will have preferences on which type of exchange they use