Why Governance Makes or Breaks AMMs — A DeFi Practitioner’s Take
Whoa! I was scribbling notes about pools and governance late last week. My instinct said somethin’ was off with common narratives around liquidity incentives. At first glance, AMMs look like pure magic — automatic pricing, instant swaps — but the governance layer quietly decides who wins and who pays. Here’s what bugs me. AMMs are […]
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