Qiao Wang, founder of Alliance DAO, emphasized the importance of transparent order books for market makers, suggesting they are more appealing than dark pools. Wang noted that market makers prioritize knowing their trading counterparties, withdrawing liquidity if the counterparty is unreliable, and providing liquidity if the counterparty is reputable. He argued that while whales with genuine alpha information might prefer dark pools, most contract whales lack such information and succeed through risk-taking and survivor bias. Wang's comments come amid discussions about launching a perpetual contract DEX with a dark pool style, as suggested by Binance's CZ. He highlighted the challenges of real-time order visibility in existing DEXs, particularly concerning liquidation points, which are susceptible to market manipulation and MEV attacks.