Leave aside all the maxi hate talks, it's genuinely the best time at this juncture for ETH killer founders, dapp devs and EK bag holders to revisit why EOS failed so miserably, despite it was the a) Thanos of ETH killers, b) hypes 10x greater than all EK today combined;
c) it had $4b capital d) great-advertised-tech e) fast-chain-0-fee-narrative f) VC/retail hypes g) exchange darlings h) dev mindshare (at one point), literally every new crypto user I knew at the time bought EOS as their first crypto investment.
Yet, EOS failed miserably.
Some blamed their money-grab founder, BlockOne pocketed $4b and it was their revenue (not Treasury, not obligated to invest back to EOS), those now snowballed into well over $12 billy fortune for founders, it extracted 3x of EOS’s current marketcap, almost none reinvested back.
1/ dForce’s revenue from USX perpetual trading already outpaced those from lending & stablecoin.
Dropped a medium and here would thread through the powerful combo of USX + perpetual trading, the 1st decentralized stableocin tapping into the market. medium.com/dforcenet/how-…
2/ For starters, those not familiar with dForce, USX is the first pool-based, decentralized, over-collateralized USD stablecoin built on top of dForce’s lending pool and other designated pools (permissioned pools, liquid staking assets, real-world-assets etc).
3/ Unlike Maker, which is CDP or single-vault-based, USX is a pool-based, USX has several improvements over Maker’s model: 1) high cap efficiency (collaterals are yield-carrying); 2) multi-collateral & cross-margin; 3) fully compatible to CDP model (spring up CDP-like vaults).