People forget so easily.
Who bought out Blockfrost about 1.5 years ago? - Charles
Where did that investment money go?
So is he now trying to pawn the investment to community and recoup his original investment ?
If you fund this be ready to keep funding these ridiculous salaries that go with it.
There are so many alternarive solutions, including Iagon Insights.
📣 We saw strong application volume for the Genesis Pre-Accelerator this week.
We want to make sure the right teams don't miss out.
The deadline to apply has been extended over the weekend! Apply by JULY 13th by 11:59 PM!
If you've been thinking about applying. This is your sign. Even if you’re still early, we want to hear about your project.
This program is great for anyone looking to grow an early project or startup into something BIGGER.
Come to Silicon Valley. Meet the best of the best in crypto & AI, and learn how to scale in a way that works.
Looking for early-stage builders on @Cardano across RWA, Institutional DeFi, and enterprise.
Know a builder who should be here? Tag them.
Link in bio to apply! 📲
@dori_coin Strike token lives on Cardano, is traded and used in Cardano DeFi, the protocol has brought new users into the ecosystem, and is a project that outgrew its environment quickly but is looking to keep its roots here by an ROI to the treasury. It also serves as a model of success
Instead of asking why a team built a custom layer 2 solution rather than using what was available on Cardano at the time, we should ask a more useful question that improves building on Cardano for others that are likely to experience the same.
Why were the layer 2 solutions we had not sufficient for their requirements?
That is the feedback we should be driving back into team maturing layer 2 solutions. If teams are forced to build around gaps in tooling, architecture, reliability, or developer experience, then those gaps need to be understood and improved.
Hydra has progressed significantly, but in my own experience last year, it was still some distance from what I would consider production ready for more complex use cases.
This is probably, practical feedback from people trying to build real systems and innovate in areas Cardano hasn't yet, I think this is actually really exciting.
We should use that feedback to improve the infrastructure available to every project building on Cardano.
For me, the decision to build a custom layer 2 solution is not, by itself, a reason to reject a proposal, especially when the existing options were still lacking the maturity required, but teams do not need to explain why they decided this approach.
@CuadradoDeFi The lesson is that it is essentially gambling, since these markets are so thin it just takes one whale to decide to set off a liquidation cascade while they limit buy the lows, which they can model ahead of time BC of open order books liquidity