Thread by @hashflownetwork

1/ Gm Hashgang! We’ve got some exciting news for you 😊. Today, we’re launching the Open Alpha version of Hashflow. What does this mean for you?

TL;DR: no access codes, and the best #decentralized trading experience on Ethereum.

2/ Three months ago, we launched Hashflow in Private Alpha. This was our genesis moment, and we were overwhelmed by the amount of enthusiasm from the #DeFi community. Over 12,000+ people signed up to trade, pushing the limits on what we had anticipated for the private launch.

3/ Now, over 3,000 addresses and $2,000,000+ in trades later, we are ready to open Hashflow up to everyone. Having ironed out the kinks in the app and contracts, it’s time to stress-test the system under full mainnet conditions.

4/ The goals for Open Alpha are simple:
1️⃣ Battle-test Hashflow
2️⃣ Scale trading volume
3️⃣ Remain capital efficient

5/ The first two goals are straightforward. We need to ensure Hashflow’s market makers can handle proper load coming from mainnet conditions. Additionally, we need to drive more volume to Hashflow—a product is only as good as its usage!

6/ On the last point of capital efficiency, this touches a more core aspect of why we started Hashflow in the first place. We fundamentally have a conviction that #DeFi is the future, and for it to reach its next stage in evolution, it needs to learn from CeFi.

7/ CeFi has been pricing assets and making markets for generations. They’ve lived & breathed capital efficiency for decades because profitability demanded it. In DeFi, we did not need to worry too much about efficiency because we were bootstrapping our parallel financial system.

8/ However, projects have caught on: in order to retain liquidity, they need to use it wisely. Hence, the era of capital efficiency in DeFi has arrived. Hashflow’s market makers know this. They don’t misprice assets at a random point on a curve, because they don’t use a curve.

9/ By pulling in the rich information from the real world, Hashflow’s market makers provide quotes to traders in a bespoke manner, offering better prices, charging lower fees, and making the most efficient use of their capital.

...If you’re a #DeFi trader, you’re under no obligation to take it—it’s fully permissionless and trustless.

10/ In the long run, we believe this model will coexist alongside AMMs, which provide much needed contract-fillable liquidity. But for real takers who want the best prices, it’s likely that market makers on DeFi rails will have the edge.

11/ So stay tuned... there’s more to come. We are working hard to bring Hashflow’s asset listing and volumes up to parity with other exchanges on #Ethereum. We are also experimenting with some new ideas that we can’t wait to show you!

12/ And to the OG #Hashgang—we couldn’t have done it without your support. A DeFi protocol is nothing without its community, and Hashflow is no exception. We are deeply thankful to those who helped test, harden, and improve the product 🙏. You won’t regret being here early!

13/ 👇
To start trading: hashflow.com
More from our blog: bit.ly/2WSgaCM
Join the community: discord.gg/kAgpzuw2vZ