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22726224 No.22726224 [Reply] [Original]

I've swear the only thing that has been stable through this bloodshed was VELO and FTM. What other serious projects are there that have survived the dump ?

>> No.22726579

Man all you need is VELO, at the amount of backing it has it will just tear everything in it’s way.

>> No.22727308

I have added more and more Velo bags and picked some xDAI even though it crashed it is at a decent level. Both will shoot violently as Velo will crash the competition in SE Asia, payment and remittance are two of the biggest issues there and it is solving both of them with ease, even if they implement in every 7eleven payments through Velo and it will be bigger than anything we have seen so far.
XDAI has one hell of a team and they are the only truly ready to go scaling solution for Eth, that is fully compatible and has a unique usecase in the form of stablechains. The de facto DeFi L2 scaling solution, we are seeing more and more players migrate to it.

>> No.22727496

GHST or GTFO

>> No.22727657

>>22726224
It was MEME but that seems to be shitting itself now.

>> No.22728173
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22728173

So I have been a Fantom head and thought that this chinks had it going with their DeFi suite, with Xar network but everytime it is the same, use internet magic tokens to collateralize stablecoins. Who will use those stablecoins and do they even think plebs will just buy a volatile token, navigate their interface and then mint another token and then start interacting with the DeFi suite ?

That is completely backwards and Velo rethinks it all. Because instead of making tx yourself, you use one of the Trusted merchants to deposit FIAT and through Lightnet they convert it to that FIAT stablecoin, tokenizing it and then linking it with a bridge to the stellar mainnet where the value is transparently transferred through velo tokens, that are actual collateral for the value that was deposited into Lightnet. After the tx gets to the recipient it get’s through the bridge converted to any other stablecoin the other party wants, at the exchange rate and the other party can withdraw through the endpoint trusted partner the actual FIAT money.

Now this is a very complex system, but it is the only one that abstracts all the blockchain for the basic user and with the CP group connections and the 7Eleven vendor system owned by them they can easily implement it.