In the case of perpetual DEXs, which let you trade leveraged contracts, this means that every trader can also see all positions and liquidation points happening in real-time
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CZ suggests building a ‘dark pool’ for DEX perpetual futures after James Wynn’s major loss
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Perpetual DEXs offer non-expiring leveraged positions but suffer from critical transparency flaws that allow liquidation sniping and front-running due to real-time visibility of user positions.
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