Harrison

Build a Perp DEX that truly prioritizes user experience. I believe lowering the entry barrier is key to mass adoption—that's what users need. @AlphaX_Exchange

[Harrison @Harrison_AlphaX]

The idea? We help users put their USDT in AAVE and they get the mapping token (AAVEUSDT?). Then AAVEUSDT is accepted as margin on AlphaX.

Though there are still some financial problems to work through. Still working on it!

[Harrison @Harrison_AlphaX]

I've always envisioned users getting 5% APY when they deposit to AlphaX for futures trading or soon-to-come Spot Trading, if they want.

[Harrison @Harrison_AlphaX]

Buy any meme coins the easy way—no need to worry about gas fees, SOL, or ETH. Just spend USDT directly.

Let everything work in the background so users don’t have to learn all the technical stuff.

[Anthony Pompliano 🌪 @APompliano]

Truth.

[Harrison @Harrison_AlphaX]

He was a bit frustrated, kept saying how complicated Phantom is, and I struggled to explain that it wasn’t Phantom’s fault…

But it does highlight a problem: on-chain products are tough for users to navigate.

[Harrison @Harrison_AlphaX]

Just now, I helped my friend set up a Phantom wallet, guiding him through understanding the mnemonic phrase and private key, which took about half an hour. He happily deposited USDT, ready to trade memes, but after several tries, it didn’t work.

[Harrison @Harrison_AlphaX]

I told him he needed SOL in his account for gas fees. He agreed, and after a bit, he asked why he couldn't just buy some SOL with his USDT for gas fees. I explained that even buying SOL itself requires a gas fee, so he’d need to deposit SOL from another source first.

[Harrison @Harrison_AlphaX]

In this cycle, we don’t have new ‘technical variables’ like NFTs or DeFi, which were the big drivers in the last two cycles, creating new narratives. So, I believe lowering the barrier is an effective way to trigger the next bull market.

[Harrison @Harrison_AlphaX]

My thinking has always been that one of the next steps to drive mass adoption is lowering the barrier, making it easier for more people to join. It’s about moving from 1 to 10.

[Harrison @Harrison_AlphaX]

What’s ‘1’? It’s the excitement around memes, wealth, and the innovation the industry has brought us.

What’s ‘10’? It’s about enabling more and more Web2 users to join us.

[Harrison @Harrison_AlphaX]

But this might be the last update for futures. We’re shifting our focus to spot trading. I’m thinking about how to lower the barrier for on-chain spot investments (like meme coins). For example, no need for private keys, no gas fees, and trading with USDT instead of SOL or ETH.

[Harrison @Harrison_AlphaX]

Position TP/SL makes futures trading simple enough for newcomers. All I need to focus on is the price to take profit and stop loss, without worrying about how much of the position to close. I think this aligns with how most people approach it.

[Harrison @Harrison_AlphaX]

@usemoonshot Limit orders… The next step for DEX is to make everything as smooth and familiar as CEX, giving users an experience just as easy as spot trading on a CEX.

[vitalik.eth @VitalikButerin]

I do think that the status quo has a problem of variance: 12 months ago the conversation was L1 "extracting rent" from L2s, now it's the other way around. What we don't want is a mixed economy where the tax rate jumps from 5% to 95% depending on weather. If we can design economics so that L1 and L2 fee accrual are both reliably far from zero (ie. lower variance in the ratio), many people would be much more satisfied.

We need to maintain an ecosystem where ethereum people feel they are on the same team, and this has a tech interoperability part, a values/culture part, and an economics part too.

EIP-7762, based rollups, other forms of fee sharing, are all valuable places to start.