With long or costly exit times moving between L2 to L1 to a different L2 users don't get the real DeFi UX that make it so magical
With $50-$500 dApp interaction fees, DeFi mainly just caters to the whales
Major DeFi apps launching on Layer 2 can 10x the number of DeFi users
2021 is the year it happens
With long or costly exit times moving between L2 to L1 to a different L2 users don't get the real DeFi UX that make it so magical
People talk about Thorchain in the context of connecting other L1s, but most L2s are separate blockchains themselves that can just as well connect to Thorchain
The UX for moving between chains is dramatically simplified and Arbitragers/Market makers will ensure that the version of each coin is pegged across the L2s
- They use the Stableswap AMM function
- No RUNE required for these pools as long as they include stable assets (i.e. Optimism ETH - L1 ETH - zksyc ETH)
Thorchain could let you do that fast and directly as well without the need of going through a CEX or other poor UX routing process
AMM Tech will connect all worlds
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Two year back thread on MFI, someone liked this so came up in notifications . Rather than running around 100s of indicators, I have made this my go to indicator under any circumstances and have been using this for years
This thread actually had some great answers , one can learn a lot about the thought processes of different traders from the answers. Please go thru them
What do you think/use as the most robust leading indicator if following technical analysis ? Please answer with reason , I will provide my answer after 2 hours
— Subhadip Nandy (@SubhadipNandy16) August 12, 2019
( At Delhi airport , bored as hell )
This thread actually had some great answers , one can learn a lot about the thought processes of different traders from the answers. Please go thru them