Thread by @todlyou2hodl

/1 A question people often ask is, why do we need so many DEXs? Take @THORChain and @sifchain for example; It's easy to think they are almost identical. In some respects, they do have similarities. There are some notable differences though. $ROWAN $RUNE #DEX

/2 I recently made another table highlighting some of the differences between 3 #Cosmos DEXs and @Uniswap. It is easier to distinguish between them when you look past their exterior. $OSMO $ATOM $UNI #UNISWAP

https://twitter.com/todlyou2hodl/status/1428325059496595465?s=20

/3 I thought of doing this comparison however, mainly because many people find it much harder to differentiate between @THORChain and @sifchain. The table above shows how they differ in some aspects and more importantly, how they can compliment each other.

/4 Both will have #IBC integrated based on Cosmos-SDK tendermint (POS) consensus. This leads me to believe that there will certainly be interplay between the DEXs in the manner as depicted in the table under the title collaboration and possibly in other ways as well.

/5 Both will also inevitably be massive drivers in their respective specialized niches (Thorchain with collaterised lending and Sifchain with deep margin trading). So, as has been said by both projects numerous times, they are not set on competing.

/6 Both @Thorchain and @sifchain can co-exist in a decentralized landscape and attract enormous amounts of liquidity to their respective DEXs.

/7 If we support a decentralized future, we should not squabble over which of the two DEXs is better. We should support and champion the success of both. The same holds true for most DEXs.
docs.thorchain.org
docs.sifchain.finance

#Decentralization #DEXvsCEX #UsVsThem