AMMs vs DEXs: DeFi's First Debate Revisited

What this episode covers

Season 6 | Episode 3 Today we dive into the world of central limit order books and automated market makers with DEX builders Eugene Chen, co-founder of Ellipsis Labs, and Doug Colkitt, co-founder of Crocodile Labs. The team explores how factors like gas costs, latency, and modular "hooks" are shaping the evolution of onchain trading and DEX designs. The conversation then explores taking DEX components offchain and if it's antithetical to the point of DeFi. To close things out the team discusses the end game of DEX design. - - Maverick Protocol is a DeFi infrastructure provider focused on increasing industry efficiency, powered by Maverick AMM. Maverick helps token projects, DAO treasuries, liquidity providers or anyone in DeFi shape their liquidity with efficiency and flexibility. In other words, Maverick makes your liquidity smarter. Shape liquidity for your token today on Maverick at https://app.mav.xyz/bellcurve - - Timestamps: (00:00) Introduction (01:57) Interview Start: Alex & Jason (02:02) CLOBs vs AMMs (10:17) “Maverick Ad” (11:32) CLOBs vs AMMs (12:35) Efficiency of Onchain CLOBs (18:51) The Constraints of Latency (23:02) AMMs & Passive Liquidity (32:41) Offchain Components (46:27) DEX Design End Game (52:10) Market Structure of AMMs vs CLOBs (56:55) Outro - - Follow Dan: https://twitter.com/danrobinson Follow Mike: https://twitter.com/MikeIppolito_ Follow Doug: https://twitter.com/0xdoug Follow Eugene: https://twitter.com/0xShitTrader Subscribe on YouTube: https://bit.ly/3R1D1D9 Subscribe on Apple: https://apple.co/3pQTfmD Subscribe on Spotify: https://spoti.fi/3cpKZXH - - Resources: Ellipsis Labs https://ellipsislabs.xyz/ Ambient Finance https://us.ambient.finance/ Crocswap Blog https://crocswap.medium.com/ Jaredfromsubway MEV Bot Strategy https://x.com/bertcmiller/status/1656392876438462464 - - Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.

Share this episode

Similar Episodes

Wil Anderson vs. Smooth Thomas (Too Aerodynamic to Swim), Grain from Brisbane (via Berlin), and Cordroy Jackson (Yumbo Appreciation Society)

Jul 6, 2026 ·54m

Farmer Burns: The Man That Grew Pro Wrestling

Jun 29, 2026 ·17m

Oliver Coleman vs. Old Bernard the Finger-Farming Duck Farmer, a Colossal Squid's Boyfriend, and a Genuinely Helpful Traffic Troll Named Limerick

Jun 29, 2026 ·35m

Mish Wittrup vs. Gazelle (Director of Rent but for kids), the Swedish Chef's Cousin, and a Capsicum Who Identifies as a Carolina Reaper

Jun 18, 2026 ·45m

NEW PODCAST: We Want Your Stories

Jun 9, 2026 ·1m

LIVE! Rove McManus & Michelle Brasier w/ Ben Russell and Taylor Griffiths at the Melbourne Comedy Festival

Jun 5, 2026 ·57m

Similar Podcasts

The Sneaker Update Podcast Sneakerjagers Welcome to "The Sneaker Update" podcast by Sneakerjagers, your ultimate source for all things sneakers! Join hosts Lotte, Mats and Tommy Triggah as they fuel your passion for kicks. Stay ahead of the curve with upcoming releases and the latest sneaker news. This is where the pulse of the sneaker culture never stops beating. Lace up and tune in now! Explicit property investors network Podcast property investors network Join us as we dive deep into insightful conversations, expert interviews, and market trends, all designed to empower both seasoned property investors and those taking their first steps into the exciting realm of property investment.Whether you're looking to maximise your returns, uncover hidden opportunities, or simply stay ahead of the curve, this podcast is your compass to success in the property investment landscape. Fresh episodes are made available every week on Mondays and Thursdays. Explicit The Minimum Effective Dose Mike Perry The Minimum Effective Dose is a podcast hosted by veteran strength and conditioning coaches Mike Perry and Brett Jones.With over 45 years of training experience combined, Mike and Brett share their experience and insight on various topics such as health and wellness, strength and conditioning, life lessons and so much more.The MED duo will also be interviewing some of the top minds in the fitness industry. The interviews with these professionals are designed to offer you valuable takeaways to help you shorten the learning curve, eliminate fluff, learn from others mistakes and focus on the most efficient ways to achieve success in the fitness industry and your own training. Explicit Project Peak Performance David Gibbond, Ian Macbeth, Rob Brady, James Humphries-Stone Where we embark on a journey to accelerate and educate a community of driven individuals. We are here to inspire and uplift, sharing captivating stories of real-life human experiences in the realm of peak performance.Join our pack and immerse yourself in a world of remarkable achievements. Dive into our captivating podcast, where experts from various fields share their insights and wisdom, guiding you on your own path to greatness.But it doesn't stop there. We believe in the power of community, and through our vibrant network, you can connect with like-minded individuals who share your hunger for success. Learn from one another, exchange ideas, and be part of a supportive tribe that propels you forward.Stay ahead of the curve by being the first to hear about our upcoming summit. We're constantly striving to bring you exclusive opportunities to learn from the best in the industry, so you can gain valuable knowledge and take you Explicit

Frequently Asked Questions

How long is this episode of Bell Curve?

This episode is 1 hour and 16 minutes long.

When was this Bell Curve episode published?

This episode was published on October 10, 2023.

What is this episode about?

Season 6 | Episode 3 Today we dive into the world of central limit order books and automated market makers with DEX builders Eugene Chen, co-founder of Ellipsis Labs, and Doug Colkitt, co-founder of Crocodile Labs. The team explores how factors like...

Can I download this Bell Curve episode?

Yes, you can download this episode by clicking the download button on the episode player, or subscribe to the podcast in your preferred podcast app for automatic downloads.