Two years of waiting are finally coming to fruition this month. i just payed $20 in gas fees this morning to unpool some liquidity and buy a dip. This problem is only going to get worse and the defi (new SweetPotato projects and YFI v5) keep rolling out clogging the ethereum network. Onchain solutions don't work and only L2 will sustainably fix that problem. But L2 integration isn't easily (let only cross chain L2 interactions), but XSN has proven it is not only possible, but that such a solution will be available to the public in a few short weeks.
1. **HF/ HW support in wallet** (enable Cold staking and MN mgmt from light wallet)
Beginning of our XSN chain upgrades, starting with a core wallet update (within the week) to allow TPoS and MN mgmt from HW such as Ledger & Trezor directly from our light wallet
2. **Ethereum support in wallet**
basic ETH and ERC-20 support (followed by @raiden_network in wallet support + $ETH trading pairs)
3. **Launch page & website launch** for public distribution of wallet + DEX
Leading up to #3 will begin live trading on the DEX as planned, also will release continuous build updates and improvements to our beta groups ensuring a hardened and stable candidate for release
Adrian Cook
xsn is going to moon so hard if this dex works as well as anticipated. If this bullshit defi bubble keeps blowing, we're going to see $10 XSN purely from siphoning away Uniscam's volume
I think this might be a reason why XSN is slow to take off. Most people are used to the metamask -> uniswap system which is made ridiculously easy. But once volume picks up and people see the trade fees and speeds frm XSN they will eventually migrate. There are so many people here with 1-5 ETH stacks who are getting wrecked by fees
Daniel Sullivan
I don’t think people quite realize yet.
Stakenet is the centralized exchange killer.
Everyone is going to use it. Why wouldn’t you? There’s no KYC.
Adrian Ramirez
>There’s no KYC. To be fair that’s not really a selling point since uniswap can also claim that. However, every other point made in this thread makes it clear it kicks the shot out of uniswap.
Connor Gutierrez
I get the feeling Uniswap and other ETH DEX’s are about to get fucked with this if XSN team are smart about it. Until it gets to hydra where MN owners make the fees the team still have control right?
If so what’s stopping the team from approaching hot new Defi projects and getting them to list first on XSN DEX? They could offer them sweetheart deals where the project get like 50% or even all of the trading fees generated by their coin back so projects would actually get paid to list there and would want everyone trading on it. They wouldn’t need to pay any other exchange for listing as that would take volume and money directly away from the project. In the mean time XSN team gain a fuck load of users who see how cheap and fast XSN DEX is and they never return to Uniswap or other exchanges because they can get what they want straight out their wallet.
Benjamin Gonzalez
because fiat on-ramp
Anthony Ross
checked Agoradesk needs more people XSN actually makes BTC over LN usable. Hopefully that helps BTC scale and grow P2P fiat BTC markets.
Camden Howard
how long do i have to buy MN? or will it drop far enough after the bullrun to buy in?
This does seem like a really great idea, but i get the feeling that the team would be reluctant to do something like this. They want organic growth. they have plenty of money in the treasury (that they are nevertheless using conservatively which is great), so it doesn't seem like they'd be the type to cut deals and create shortcuts.
That said, i wish they would do something like this. Uniswap is in part so popular because it's an easy project onramp, if XSN can be the same (plus all its other features) it really will make uniswap obsolete
Isaiah Miller
It means we are going to be fucking rich lads. 1mn to retire everything else is gravy
I know it’s not there style but if they take an aggressive approach on this it would essentially make XSN the worlds biggest DEX overnight and then they start taking marketshare away from CEX’s shortly after.
Adrian Collins
The real question: >are people willing to spend 30 mins to download & sync the dex, to save themselves $5/trade or more depends on a lot of factors: 1) trust in the platform 2) annoyance with on-chain tx speed & cost 3) how difficult the dex is to set up, and whether X9 provide a "retard-proof" how-to in order to go from dex.exe to first trade.
Isaiah Peterson
They don’t want that because, it will take time. No doubt there will be unknown bugs and shit that come with launching a completely new product to thousands of people. They don’t want to spend millions promoting something and get all this attention and then something silly gets brought to light. The dex should actually I think, just be promoted through twitter and stuff and get organic growth.
Then in a few months when new bugs are ironed out and everything is sweet. They go full of shill mode when the android/iOS app drops. Then we explode do to higher adoption.
Michael Kelly
Only have to do that once, once your channels are open you can leave them open and it syncs in seconds when you re-open it
Christian Hill
Green id and digits. Damn maybe 2021 I’ll make it. Praise Kek
