In simpler words, on November 3, the founder of dYdX (Antonio Juliano) talked about how he wants to move users from CeFi perps (debt ladder) to DeFi perps (decentralized finance). But he might be missing the point. Instead of just trying to move users, we should think about how DeFi and leverage can work together to help users make bigger bets.
The goal of decentralized margin trading is to let users make big bets, not just to copy what came before. It should give users the power to do more than before.
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