How Does the Lack of a Central Entity Complicate the Enforcement of Anti-Front-Running Measures in DeFi?
The lack of a central entity means there is no single party to hold legally accountable, fine, or compel to implement surveillance systems. Traditional enforcement relies on centralized control over order flow and access to non-public data, which does not exist in DeFi.
Enforcement must shift to targeting the malicious actors (bots, users) and the underlying protocols (through code audits and vulnerability disclosures) rather than a central intermediary.