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Is the Concept of a Chinese Wall Applicable to the Developers of a Core DeFi Protocol?

The traditional Chinese Wall is not directly applicable, as DeFi developers don't have "client" orders in a centralized queue. However, the principle of separating informational privilege is relevant.

Developers who control upgrade keys or have unique knowledge of an upcoming protocol change (e.g. a bug fix that will impact price) could front-run users. The equivalent is enforced through transparent, time-locked upgrades and decentralized governance.

How Does a DAO Handle Protocol Upgrades That Require Changes to the Core Smart Contracts?
Can Quadratic Voting Be Applied to Decisions beyond Funding, Such as Protocol Upgrades?
What Specific Role Does Encryption Play in Maintaining a Digital Chinese Wall?
What Is a “Chinese Wall” in Financial Regulation and How Is It Enforced in a Digital Context?