I'll be very interested to see how it goes, to be sure. As I replied elsewhere to Stan, I think its success will probably partially hang on how many exchanges they can get involved. If they could convince Polo to honor the sharedrop then it would have a bit of staying power.
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Polo isn't exactly the best exchange, it's centralized and potentially insolvent (rumour).
Sure, but what exchange isn't centralized and potentially insolvent? Even OpenLedger has centralized wallets, even if their order book isn't.