AXO

Smobert1

I would say this was always the plan re your modular comment. I did watch back a number of charles older videos and he has been talking about it and building for it for a long time, I think most people just didnt get it when he said it initially. Re the why now, It was just getting POS staking correct and designing a secure programming language for eUTXO was difficult, and that was what was being built for a long timem definately felt like it wasnt getting done a time, the peer review approach is slow. as for scaling, thats fine but ZK roll ups work really well on the dapp level, instead of a 1000 transactions on chain, we can have one from the dapp. This being while the dapp is still in its growth stage that it doesnt need to create its own side chain or L2 as it grows to a sufficient size. Which is probably the end state of any dapp of sufficient size, some multichain giant, but thats far into the future and more of a fever dream as it stands. as for the first comment must be chained. Its more can be chained. There is no global state, like Bitcoin each UTXO is like its own bit of cash that can be spent independantly of the rest. I would say flash loans would be difficult on ada, while it use AMM dexes. aka batchers just cant see it working. While we move forward models like AXO will become more dominent on cardano. Look into the dex, programable swaps its really a great dapp. But if we imagine two order book dexes, i can see some more programable arbitrage flash loans style interactions becoming more straightforward. As i said you can send the ada and receive your token in the same tx with a limit order swap, non custodial until it activates. But i dont think we will have flash loans as you see them on eth, like we have learned we cant just copy eth style AMM dexes. But flash loans while great for arbitrage, it also leads to flash loans attacks and exploits.

LocationOk8978

Dex-hunter for swapping. Vyfi for being a LP. AXO for advanced trading.

AsbestosDude

>nobody wants to develop on cardano False. There are dozens of projects and products being developed and launched. How do you say that there's no development when Defilama lists 30 of them? >nobody uses hydra That's because hydra is something that needs to be run by a project to use it. It's not a L1 solution that can just be added. Projects need to launched and run a hydra head. It's not happening. >eUTXO is notable bad It's simply not because it allows you to do nuanced things that other chains do not to. Transaction splitting, with multiple inputs and outputs for example. Recently a marketplace launched that lets you both loan against an NFT while also listing the NFT for sale simultaneously. Sounds like you just have a poor understanding >Scaling You suddenly changed from Inability to scale to "maybe those will do some difference". Newsflash. NO CHAIN CAN SCALE. ETH gets too expensive, Solana crashes, other chains get drug down and lag, or stop minting blocks. Cardano has been scaling, it continues to scale, and there are L2 solutions coming this year. >Still without a usable product for defi Again, a flat out lie. Easily the most provably false point you've made so far Can you not go to Liqwid, Lenfi, and Levvy to get Loans? Can you not mint and burn stablecoins with COTI? Can you not take on collateralized debt positions with Indigo, minting and burning synthetics? Can you not engage private transactions with Encoins? Can you not yield farm on like 7 different Dexs? Can you not get liquidity bonds on Optim? (and then you can take those bonds and lend against them on liqwid) Can you not Implement automated trading strategies like a box spread on AXO? Can you not DCA and split transactions on Dexhunter (as well as aggregate all cardano DEXs)? Can you not rent NFTs, loan against NFTS, against tokens, borrow staking delegation on fluid? I could keep going. The bottom line is you're full of shit and have no idea what you're talking about.

AsbestosDude

This is 100% BS The defi ecosystem is growing rapidly and there are scaling solutions actively being worked on, both for the L1 as well as implementing L2s which will provide lightning fast speed without sacrificing security. L2s being built by both AXO trade and Optim Finance. One L2 is launching within 6 months. Stop peddling lies

AsbestosDude

Cardano Defi is pretty primed to take off. ​ Check out TapTools which is a charting page for cardano assets. A few promising projects include Iagon, BookIo, and AXO.

TeamRedDisc

ADA ADA ecosystem tokens (MILK, LENFI, INDY, SNEK, AXO)