As one of the first layer 2 DEXs to be operating on mainnet, we would like to share some of our learning points from the past 9 months, as well as our expectations & thoughts on L2 for the coming year
TLDR, layer 2 is ready to go supernova 🚀
Fragmentation - We originally assumed that most apps would congregate on one L2. What we are actually seeing is apps launching on multiple L2s & L1s. This trend will continue as different scaling solutions offer different pros & cons. There is likely to be no 'winner takes all'
Bridges - Within 12 months it is likely that most people will ever need to touch L1 Ethereum for their everyday needs. Bridges between different L2 apps (both on the same rollup and different rollups) as well as CEX <> L2 bridges will be the norm.
Due to problematic gas prices, DeversiFi is trialling a NEC-based GAS-rebate program.
The first 100 wallets to register (no KYC) will be airdropped 75 & a further 75 for depositing.
This marks the first dapp to effectively allow cost-free entry w/ gas-free trading.
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Why are we doing this?
We are in the midst of a GAS crisis, making Ethereum exceedingly prohibitive/unattractive for many users, both old and more importantly new, ultimately impacting adoption of #DeFi.
This initiative is an attempt to solve this issue.
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In future, we'll need to work with others to speed up L2 composability ensuring ETH remains a cost-efficient & attractive chain to use.
This'll only become more important as, despite these friction points, ETH adoption continues to grow & more exciting dapps are built.
Did you know that yield farmers 👩🌾 can snatch a 0.359% bonus by providing (@WrappedBTC) liquidity to the @CurveFinance sBTC pool, while also collecting , , and rewards?
As a fusion between finance and technology, many say #DeFi can't be 'fun'. We beg to differ.
We've just launched the #TopDeversiFiTrader competition. If you pick the top 'twitter celebrity trader' on the DeversiFi Leaderboard you'll win their entire portfolio! In
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2/4
We've cherry picked 15 famous and controversial faces in crypto twitter, and far beyond.
Our 'algorithm' picks up on ➕ or ➖ sentiment in users' tweets & submits a buy or sell order to a DeversiFi account loaded with real funds 💸
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.
Since inception, our roadmap has been fuelled by plans to fully decentralise the Ethfinex platform and governance structure, with key examples spanning the efxDAO, nectar.community and trustless.ethfinex.com [...]
2. In line with this mission, it’s now time to transition Nectar to the next step in its evolution - from ‘distribution phase’ to the fast-approaching ‘NEC 2.0’ model (soon to be announced), which will see a carefully designed array of improved features and utilities. [...]
3. As such, we confirm this months issuance (below) will serve as the penultimate round, with 08/08/2019 being the final date users will be rewarded for their market-making activity on Ethfinex.