Published: March 5, 2023
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1/ We struggled with this issue and ultimately migrated to building an application-specific L1. Why bother building something in defi if there is no obvious path to full decentralization when things take off?
2/ So why not build on something like solana? There's the obvious questions of real TPS and scalability, but more fundamentally a full-featured order book DEX is closer to a protocol than an application.
3/ Specifically you need to integrate application logic tightly with state-update logic. Simple example: compute and distribute funding every 8 hours? Trivial if you design the block proposal logic, a headache if not.