"State Verifiability": Why is this technical term the future of DEX security models?
Author: Wenk
In the dangerous dark forest of DeFi, "security" is the only light we rely on to survive.
We can see from the history of DEX development that this is a history of exploration that constantly searches for brighter and more reliable "light sources".
In this exploration, we already have three great "lights", but each with its own "shadow".
The First Light: The Light of Uniswap's "Code Trust"
This is the purest light. We believe in Uniswap because we believe that its open-source code deployed on the Ethereum mainnet is an indestructible "law of physics". But the price of this light is the high "gas" and slow "speed of light" (performance), which makes it difficult for ordinary people to get close.
The second light: GMX's "L2 Shared Trust" light This
is a more efficient...
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