Beyond execution, coordination within decentralized markets lacks native privacy guarantees. Strategy alignment, OTC negotiations, and collaborative positioning are often conducted through public or semi-public channels, exposing participants to surveillance and exploitation. Even when communication occurs off-chain, metadata leakage and platform-level vulnerabilities introduce additional risks. This undermines trust and discourages meaningful collaboration.
The absence of private coordination infrastructure limits the formation of efficient market collectives and long-term strategies. Participants are forced to choose between transparency and security, often sacrificing discretion to participate. Without private channels that preserve autonomy and confidentiality, coordination remains fragmented and fragile, constraining the evolution of more sophisticated market structures.
