The OMG DEX is designed to reduce the custodial risk when centralized exchanges hold user funds, and to allow end users to have complete control of their funds as much as possible. For a centralized exchange this could represent significant savings in the operational costs related to custody of user funds, with a reduction in both the amount of funds they are responsible for and the risk of funds being irretrievably lost. Established exchanges will have clear incentive to integrate the restricted custody DEX if they find that the operational cost savings outweigh the cost of adjusting their existing processes.
We are focusing on new and existing venues where the venue and their end users will clearly benefit from restricted custody, as well as venues that will find the eWallet’s functionalities useful once it is integrated to Ethereum and the OMG Network.
Thomas’s role diminished over time as the need for it diminished, as OmiseGO moved out of the ideation phase and became an established project with clear direction and purpose. As a dedicated member of the Ethereum community, he was a key person in helping Omise understand how to add value to the Ethereum space from early on, and he remains a hopeful member of the OMG community.
A big push for plasma research in the near future will be thoroughly investigating the potential of Plasma Cash constructions, assessing the soundness of the current research and its ability to scale. At the time that implementation work on the OMG Network commenced, MVP was the clear choice based on the limitations presented by the extant Plasma Cash spec; but research has progressed rapidly over the past couple of months. Given these new developments, we're looking forward to exploring the potential of Plasma Cash-based constructions for long term scalability improvements.