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Jayendra Jog, co-founder and CEO at Sei Labs, discusses ongoing challenges with capital efficiency in cryptocurrency exchanges.
Jog points out that institutions dedicate entire businesses to optimize capital efficiency and manage balance sheets. He argues that without proper portfolio margin capabilities, current onchain central limit order books (CLOBs) lag behind centralized exchanges (CEXs), likening them to children's toys in comparison.
Jog previously announced the launch of Sedna, a private transaction layer for Sei Network, citing a 90 percent privacy benefit with minimal performance impact. Earlier remarks from Jog highlighted that most fintech applications initially focus on a single market segment before expanding to other areas if they succeed in their first category, according to comments on fintech app growth strategy. These positions reflect his focus on both technical and strategic aspects within the industry.