Right, we’re just going to say it: Today’s exchanges are broken

🛑They list scam coins that have peaked and will never return
🛑They promote dangerous activity
🛑They don’t care whether their users make money

It’s time to break this toxic model. Here’s how we will change that👇 Today’s exchanges are torn ⛔️

They need the trading fees so they incentivise trading of all kinds of crap 💩

This creates a vicious circle of ever-riskier assets and offerings. Effectively, they are (unfortunately) geared towards you LOSING money 😭

(2/7)

With DeFi about to reach critical mass, the next 12 months will be crucial for the future of #Layer2 - and for our platform in particular.

Let’s take a Deep Dive with @will_harborne as he explains what's to be expected for DeversiFi in 2022.

#Thread (1/11) 2022 will be the avalanche year for Ethereum, the year that it takes back the centre-ground of crypto DeFi ecosystems and this will be driven by #Layer2 ecosystems. In fact, we predict there will be significantly more people using #Ethereum Layer 2 than #L1.

(2/11)

2021 has changed everything for #DeversiFi 🔥

We’ve broken $1 billion in total trades, launched loads of new features, and paved the way for the mass adoption of #DeFi 🚀

Here are nine key breakthroughs that have shaped our year

#Thread (1/11) At the start of 2021, we hadn’t even rolled out the swap feature on our platform...

But we launched it in January and now it’s our most-used feature of all! 🎉

(2/11)

With #DeFi options ever expanding, many investors are turning to #yieldfarming as an alternative to trading with safer and often higher returns! 

But what is yield farming and how can you get involved? 👀

🧵 #Thread🧵 (1/6) Just like a bank 🏦 giving you interest on your savings, you can earn interest on your #crypto by lending your tokens to a #cryptocurrency project such as @CurveFinance, @BalancerLabs, @AmpleforthOrg and more!

(2/6)

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!
(2/6)

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 😅

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)

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

🧵#Thread🧵(1/5) 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)

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'

This week we have 5 retro Layer-2 Pepe NFTs up for grabs 🐸

ALSO

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

Simply make at least one swap or trade on app.deversifi.com and you will automatically be entered into the competition 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

explorer.ether.cards

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.

…

1/6

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?

Well, they can and here’s how! 👇 @WrappedBTC @CurveFinance 2/6

Step 1:

Buy wBTC using or on the deeply-liquid 🌊 high-speed ⚡️low-fee ⬇️ & ZERO-gas ❌⛽️ DeversiFi.com markets

...

1/4

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
... 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 💸

So, who's on the list? 👇

...

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.

Check out recap article here - blog.ethfinex.com/deversifi-at-b… - and videos below: @BerBlockWeek @daostack 2/ John Light (@lightcoin) from @AragonProject speaking at The Governance Games:

1. NEC UPDATE:

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. [...]

Community Lead @benfinex sat down with projects in round 15 of the #EthfinexTokenVote, asking key questions to help voters make the right choice. Check them out below: @benfinex Rodrigo Irrarazaval (Head of Marketing) and Adrian Ertoerteguy (Head of Business Dev) of the @WibsonOrg project:

On Monday 7th January 2019, Ethfinex will be offline between three to seven hours as we complete the final stage of our data migration to dedicated bare-metal servers, in a move designed to significantly enhance platform speed, security and performance.

blog.ethfinex.com/untitled-2/ The migration facilitated by @market_synergy allows Bitfinex to offer cross-connectivity and co-location to professional traders and institutional firms, together with added security benefits. See our previous announcement here:

blog.bitfinex.com/announcements/….

At the end of September, @ethfinex will be hosting a 3-day summit in Switzerland on distributed governance models.

blog.ethfinex.com/the-ethfinex-g… Featuring thought-leaders from inside & outside the cryptocurrency space, we aim to bring together contrasting minds to demonstrate, share and critique the current trends in decentralised governance innovation.

Learn a little about the tokens currently on our community listing vote:

Hydro Protocol Token ($HOT). Designed to improve liquidity for decentralised exchanges by incentivising professional market makers to add liquidity.
1/ @Blockchain_Data. A blockchain-based advertising protocol that provides revolutionary digital data authentication to prevent fraud in digital ad sales.
2/