Unchained

CLOB Battles, Disclosure Fights, and the Meme-ification of Circle – The Chopping Block - Ep. 858

18 snips
Jun 26, 2025
Vladimir Novakovski, CEO & Founder of Lighter, a zk-powered DEX, dives into the fierce CLOB wars, aiming to challenge Hyperliquid. He discusses the new Token Transparency Framework from Blockworks and the pressing issues of disclosure in crypto—where most projects prefer silence over transparency. The conversation also touches on the implications of Circle's meme-driven stock fluctuations and the ongoing evolution of decentralized exchanges, highlighting the role of zero-knowledge proofs in fostering fairness.
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INSIGHT

Blockworks' Transparency Framework

  • Blockworks created a 40-point Token Transparency Framework for crypto projects to standardize disclosures.
  • It focuses on transparency, not quality, allowing investors to assess projects better.
INSIGHT

Voluntary Disclosures Become Timely

  • Voluntary disclosures of crypto projects have existed but never gained traction until now.
  • The current timing appears perfect for adoption amid regulatory changes and market receptiveness.
INSIGHT

Silence, Not Lies, Is The Problem

  • The true problem with disclosures isn't falsehoods but silence, as many projects simply don't publish data.
  • Fear of fraud exists, but honest projects prefer non-disclosure over lying.
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