It always takes time for new technologies to reach critical mass.
Some of the major developments in crypto are only now gaining traction, and up to this point, no project has realized the full, combined potential of these innovations.
A 🧵.
1/9
New technologies are built on the shoulders of giants!
A great example is #BTC, the first truly decentralized electronic currency, which was created from a set of components that were already available.
2/9
#Ruby uses a number of components too that together form something greater than the sum of their parts.
Putting them all together in a beautiful, elegant UX with an integrated bridge, trader-friendly charts, and LP position management dashboard.
3/9
1. AMM
At the core of #Ruby is an AMM: A smart contract that allows users to trade against funds deposited in a pool by liquidity providers.
AMMs are an ingenious answer to the need for trustless, user-friendly exchanges in the #DeFi space.
blog.ruby.exchange/what-is-an-amm…
4/9
2. @SkaleNetwork
The rise of #DeFi has boosted L1's activity to the point where it can't support an open, high-volume dapp.
Many L2s have been launched to provide #EVM functionality without the mainnet's congestion and high gas costs.
blog.ruby.exchange/why-were-build…
5/9
Of the options available, we chose @SkaleNetwork for several reasons:
✅ EVM compatibility
✅ Throughput of up to 2,000 tps as standard, extensible on demand
✅ Gasless transactions
✅ Near-instant finality
✅ Industry-leading bridge
skale.space
6/9
3. NFTs
#NFTs are one of the most exciting things in crypto. Up to this point they have mainly been used to trade digital collectibles.
#Ruby's gems are designed for functionality AND form, embodying real utility from rebates and boosts to user avatars and affiliate links.
7/9
4. Outstanding UX
#Ruby's interface includes all the charts and analytics crypto and TradFi users expect, as well as a complete dashboard that provides access to token swaps, NFT balances, and LP positions—a one-stop portal to everything you need.
8/9
Ruby.Exchange is leveraging the latest and greatest technologies from the @ethereum space, including a powerful L2 and functional #NFTs that aren't limited by the cost of gas.
#WeAreRuby @SkaleNetwork
9/9
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.