1/ @BerBlockWeek was invigorating. As well as speaking at @daostack#DAOfest, and hosting The Governance Games, we enjoyed catching up with fellow #BUIDLers in the space over endless Bier and Fritz Cola.
2022 will be the avalanche year for Ethereum, the year that it takes back the centre-ground of crypto DeFi ecosystems and this will be driven by #Layer2 ecosystems. In fact, we predict there will be significantly more people using #Ethereum Layer 2 than #L1.
(2/11)
In parallel, we will see the growth of multi-chain ecosystems, which allow several blockchains to connect with one another - enabling #decentralised apps and protocols to launch on several networks.
The success of the #DLM shows we’ve got a viable mechanism to launch tokens on L2 - and #DVF allows you, our supporters, to take control of our protocol 🤝
Lending your #tokens is trustless, meaning you always control your funds and can access them at any time. The whole process is open and #permissionless, with the rules determined by computer code 🖥️ instead of a centralised gatekeeper - like a bank.
Remember how you used to pay those pesky gas fees 💸 and wait absurd times ⏳ when moving from an exchange to #DeFi? This all changes now with minuscule fees and rapid transfers!
(2/6)
This bridge🌉now enables fast and low-cost transfers between #Bitfinex & #DeversiFi meaning that you can move @Tether_to tokens ($USDt) seamlessly between the two platforms, without ever touching #Layer1#Ethereum! And what's more, we’ll be adding more #ERC20 tokens soon!
(3/6)
#CEXs are often the place users go to buy their first #cryptocurrency 🪙
However, in order to use them, you must create an account on their website and send your money to them trusting that they will (hopefully🤞) send it back when you’re finished 😅
#DEXs exist on multiple blockchains, but the most popular ones are built on #Ethereum. Instead of creating an account to use them, you connect existing Ethereum wallets (such as @MetaMask) and then start making trades! 🙌