@dexdotblue what you guys are doing is cool aggregating dex liquidity in an orderbook.
But what I am seeing here is that because of the AMM models, even aggregated across all of them, there is still a pretty wide spread - 0.3% spread, before fees and gas....
@CoinCornerMolly Basically:
Chinese CEX pays MM to use their product to show volume = washtrading (bad :( )
American VC backed DeFi protocol pays MM to use their product = yield farming (genius instrument)
@loopringorg@coingecko It would be cool to track somewhere L1 vs L2 exchanges volume. As the whole of DeFi is growing I think we should take these metrics into context
@ercwl@udiWertheimer@compoundfinance@bitfinex So what have we proven here - if you pay people to use your product they will. The real test here is going to be how many stick around once the incentives are gone.
@08xmt@0xEther Yeah I think if a new stablecoin emerges to replace tether it would have to have a very different model. Slight improvements on the federation model like USDC or GUSD are not gonna cut it - same thing different players.
@nashsocial@Nasdaq I hope Nasdaq talked to someone else too, it would be an unpleasant surprise to find out:
- LN has attack vectors because it is too centralised
- Noone wants to used it (there is less BTC on LN than wBTC)
- after 2 years still doesnt work
LN BTC printer go Zz....
@loopringorg@ensdomains@WrappedBTC@renprotocol do i get this right? so I make:
- one "normal" tx to deposit to L2
- one fast transcation on @loopringorg pay
- the the other person does one "normal" tx to get the funds back into their wallet
@finestonematt DEXes are easy prey - no real trader would put with crossing a spread wider than the grand canyon (e.g. Uniswap) to then only be hit with a gas bill on top of that. And dont get me started on frontrunning...