Uniswap COO on DeFi vs CeFi

What is a key difference between centralized and decentralized exchanges?

• Centralized exchanges use self-executing code.

• Decentralized exchanges operate like traditional exchanges.

• Centralized exchanges handle buy and sell orders.

• Decentralized exchanges manage customer accounts.

How do liquidity providers earn in a decentralized exchange?

• By making the spread on transactions.

• By earning a share of the trading fees.

• By managing customer accounts.

• By charging transaction fees.

What is a cost benefit of trading on a decentralized exchange like Uniswap?

• Lower trading fees compared to centralized exchanges.

• No network fees.

• Higher transaction fees.

• Guaranteed profits for traders.

What is necessary for DeFi to achieve broader mass adoption?

• Higher transaction fees.

• More centralized control.

• Increased regulatory clarity.

• Simpler and easier user interfaces.

What opportunity does the current state of DeFi present?

• To increase transaction fees.

• To reduce the number of users.

• To introduce more centralized control.

• To enhance risk management measures.