Yesterday we launched the FIRST EVER #Layer2 bridge to a centralised exchange 🥂 - @bitfinex, but what does that mean for you?

🧵 #Thread🧵 (1/6)
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!
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!
Why? 🤔
#CEXs are an entry point into cryptocurrency for many users and this new bridge will help thousands more access #DeFi, by giving users from both exchanges access to the opportunities on each platform 🤝
How will this work with our other bridge to @0xPolygon?

This new bridge will serve as a highway between #Polygon and Bitfinex 🛣️ This means users can seamlessly move funds from the Polygon to #Bitfinex; via #DeversiFi, without ever paying expensive on-chain gas costs.
Interested in reading more? Check out our latest blog post here 👇…


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More from @deversifi

22 Sep
With #DeFi heating up, more and more people are beginning to use #DEXs over traditional #CEXs🙌

However, some people are still confused about what a #DEX is and the different types that exist!

Here's a summary👇 #Thread
#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! 🙌
Read 10 tweets
12 Aug
So you’ve just heard that we have just launched our $DVF Governance mechanism but are unsure about the technicalities?

Join us on a little deep dive
🧵 #Thread 🧵 (1/4)
So how can you get involved?

To get started, you will need to stake your $DVF to receive xDVF, and unlock your voting power. From here you will be able to vote on the “big stuff” and the “small stuff” (2/4)
By “big stuff” we mean major changes to the token and protocol such as:

➡️Smart contract upgrades
➡️Treasury spending
➡️Multisig holder changes

And much more (3/4)
Read 5 tweets
3 Aug
We have just launched the first ever #Layer2 bridge to @0xPolygon but what does this mean for you?🤔

The bridge 🌉 enables fast, gas-free and frictionless deposits & withdrawals between the two platforms whilst also increasing liquidity across both ecosystems

What can you transfer between the two platforms?

You can now instantly transfer $USDC, $DAI and $USDt from Polygon to your DeversiFi wallet on the Polygon network (2/5) Image
How quick will funds transfer across the platforms? 🌉

Within minutes of sending funds from @0xPolygon, they will be available in your #DeversiFi exchange account!

What's even better is that withdrawals back to #Polygon occur even faster! (3/5)
Read 6 tweets
30 Apr
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.
Read 12 tweets
27 Apr
This week we have 5 retro Layer-2 Pepe NFTs up for grabs 🐸


One lucky person will win one of the stunning @ether_cards Founder cards 🔥

Simply make at least one swap or trade on and you will automatically be entered into the competition Image
The Ether Cards platform enables creators to host NFT based events, such as raffles and blind-bags to engage with their fans

Ether Cards NFTs/cards give platform benefits depending on their traits

Check out some of the beautiful designs so far Image
Congratulations to last week's Layer-2 Pepe winners!

Check our Discord for the results or check your OpenSea accounts!
Read 4 tweets
13 Aug 20
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.

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.

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.

Read 5 tweets

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