I’ve nothing against Mudrex, theyve built one of the robust scalable platform. But let me tell you :

- > exchanges go against the ethos of web3

- > the whole business model revolves around centralised treasury which is governed my humans, so the vulnerability to single point of failures are very high

- > loss of autonomy and risk of seizure, we’ve seen this in the case of FTX, Wazirx and numerous other exchanges, the accountability goes for a toss!

—> gate keeping dependence is very high and you’d be detached with most real world onchain use cases and censorship’s risks are unlimited (freeze, delisting) etc 

Ultimately the contradiction to financial independence wrt to the ethos of cryptos, your wallet, your bank, you’re the CEO.

If defi feels complex, happy to help you!