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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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27576838 No.27576838 [Reply] [Original]

>Crypto is slowly rising before the great bullrun + alt season.
>Eth hit ATH today
>Link slowly rising
>Btc creeping back up
>Gas fees also going up
Can't have the bullrun/alt season without a proper layer 2 DEX that can trade Bitcoin natively. Stakenet (XSN) is the only project that can do it. Stakenet will allow the bullrun to happen. Gonna use my stakies to buy more linkes too.

>> No.27577077

Why would I switch from Binance which has served me so well to this unproven platform that could take my money or just glich out
Has this crap even been audited yet?

>> No.27577275

>>27577077
Not your keys not your funds. Plus stakenet has a much more attractive fee structure.
>https://medium.com/stakenet/hydra-dex-network-upgrade-proposal-4b00a3a3fb8
>Our plan is to operate with a Taker pays Maker structure
>so market orders pay 0.25% and limit orders have negative fees.
>This is done by a 0% fee for Makers and 0.25% for Takers.
>The Maker will be paid between 45–67.5% of the fees from each trade made with them depending on the total DEX volume.
>This essentially makes negative trading rates for Makers,
>compared to at best 0% on a spot exchange giving a very strong incentive to trade on our DEX and provide liquidity over anywhere else.

>> No.27577430

>>27577077
>take my money
You have complete control over your keys unlike a CEX which can freeze your accounts.
>glich out
Doesn't work that way.
>Has this crap even been audited yet?
An audit is planned in the future. Can have binance steal the code like they did with blocknet.

>> No.27577711

Bump

>> No.27577884

>>27577711
Checked.

>> No.27578782

>>27577711
Checked.

>>27577275
Even when actually taking things like channel fee fud seriously. You still can't deny that after paying the first gas fee to get onto the l2 dex and completing your 2nd transaction, everything from there forth is drastically cheaper than if you traded on any other cex or dex for that matter.

>> No.27579208

>>27578782
Apparently rollups will help with the channel fees. Stakenets biggest advantage is being able to trade BITCOIN. Not wrapped bitcoin but real btc.

>> No.27579962

>>27576838
who cares there is wrapped asset

>> No.27580046

>>27579962
Enjoy your gas fees for all eternity

>> No.27580654

>>27579962
>wrapped assets
What's it like being low iq?