DYDX just killed every ETH L2 shiller

[Anonymous No.49898036]

the biggest L2 DApp is going on it's own way, they would rather join Cosmos and have their own blockchain

https://twitter.com/dYdX/status/1539607062291877889

[Anonymous No.49898310]

>>49898036
Still bagholding my airdrop AIGMI?

[Anonymous No.49899236]

>>49898310
At least it will have greater utility and value capture

[Anonymous No.49899658]

they probably didn't want to suck StarkWare's dick any longer

[Anonymous No.49899704]

>>49898036
Huge news. Why doesn't /biz/ ever talk about Cosmos? It seems to be the only ETH alternative that actually has real adoption, not just copy paste faggotry with muh incentives that meme chains like SOL and AVAX have.

[Anonymous No.49899762]

dydx is cool as fuck, happy to see them making moves

[Anonymous No.49899779]

Why not Avalanche subnet

[Anonymous No.49899787]

>>49898036
Based. I hope more apps realize their value and migrate off that shitty parasitic network.

[Anonymous No.49899972]

Bullish for app specific L1s

>>49899779
IBC probably, I'm not aware of any cross subnet mechanism on Avalanche at the moment tho i've heard it's in progress. Also SDK is more battle tested and mature thus far, Subnets have yet to roll out and many of the infrastructure is still in progress.

Other than that i'm not seeing reasons to use Cosmos over Avalanche here, Design is pretty similar but Avalanche have the consensus algo advantage here.

>>49899658
Starkware just isn't ready probably, Ethereum people overhype everything because the whole roadmap is built around third parties being successful at nail ZK scaling.

[Anonymous No.49900237]

>>49899762
Gotta love those VC backed projects eh anon? "The dYdX Chain features a fully decentralized off-chain orderbook" uhm u wot m8? Fully decentralized.....off chain? Excuse me? These dumb niggers couldn't even figure out how to use NFT's for tx contracts to reduce gas, pathetic. When the market bottoms and everything is burning the real deal options dex will launch taking everyone by surprise who is sleeping on it kek. See you in September fags.

[Anonymous No.49900267]

>>49899779
Blockchains have their own sovereignty on Cosmos. It gives more flexibility for upgrade

[Anonymous No.49900512]

>>49898036
This will be worse than SOL & BSC, lol
50% of DyDx tokens were sold to insiders this chain will be a DB cluster

[Anonymous No.49900609]

>>49899972
>Avalanche have the consensus algo
it's like they invented the combustion engine, and everyone's like "fuck you horses are better"

[Anonymous No.49900633]

>>49900237
hail hydra

[Anonymous No.49900869]

>>49900237
what would you consider a real deal options dex?

[Anonymous No.49900892]

>>49898036
not needed dapp, it doesn't need its own blockchain either

[Anonymous No.49901009]

>>49899704
Because we don't want to dilute our airdrops.

[Anonymous No.49901156]

>>49900609
I believe Cosmos father is a big fan of Avalanche consensus too. Also something i haven't mention about Avalanche Vs Cosmos in favour of Avalanche is native EVM support.

I do favour Avalanche design long term (Both technically and economically) simply because Tendermint is capped on decentralisation for my liking and the instant finality on Avalanche is a neat feature, But at the moment Cosmos SDK is probably the better option unless you necessarily need robust consensus for your app, Cosmos been here since 2015, It has more dev tooling and experience.

[Anonymous No.49901270]

>>49899704
been saying this on /biz/ for a while. building on ETH is a PITA with little reward. tokens do not accrue value on ETH. devs will sell their tokens and move to build their own chain.

[Anonymous No.49901605]

>>49898036
Not a fudder but why does this sound so bearish for Chainlink to me? Is Chainlink not supported on the Cosmos ecosystem, right?

[Anonymous No.49901939]

>>49899779

[Anonymous No.49902003]

>>49901605
For now yes, but they can't keep ignoring the elephant in the room (IBC) for much longer anyways.

[Anonymous No.49902697]

>>49900237
I agree with all of this.
But by September GNS on arbitrum will fuck everyone up.
This is the death knell for dydx.
Their token is dead anyway.

[Anonymous No.49903558]

Cosmosbros.... are we going to make it? I cry every time I open Keplr and it shows me my portfolio's worth...

[Anonymous No.49903651]

Smart move; they can have a sovereign chain while still being able to communicate with the larger environment thanks to IBC. With the Hub offering shared security, that side of the project will also much easier and secure. Plus, Cosmos has a large and growing number of talented devs, and a lot of users in the general environment.

Honestly, smart move. The Cosmos vision of a million interconnected yet independent blockchains is constantly getting validated.

[Anonymous No.49903668]

>>49903558
Yes. Now is the time to accumulate before the tokenomics are significantly improved.
>https://github.com/cosmos/gaia/blob/main/docs/roadmap/cosmos-hub-roadmap-2.0.md

[Anonymous No.49903695]

>>49903558
Green ID says yes

[Anonymous No.49903769]

>>49899704
It’s still too early in the game to predict these types of moves; from our vantage point at least. That’s why we’re all just holding link.

Dydx uses link oracles, if you didn’t know.

[Anonymous No.49903899]

>>49898036
zzz, am ready for all the Cosmos FUD, it's already started in the dev discords I'm in kek

>muh DPoS centralized
>muh only 175 validator set
>muh sharding model is outdated and bad
>muh Golang bad

SDK is the most mature of the bunch, IBC integrated and the only mature cross-chain standard that supports arbitrary cross-chain messaging, FOSS modules already developed and incentivized via grants, completely customisable in every aspect (gas, fees, blockspace, block times, EVMOS pushing 2s finality on Testnet), tons of infrastructure available and out there, great and competent teams of devs, community driven

>>49901156
The Snow family is a fantastic set of algorithms. Tendermint has instant finality as well.

>>49901605
They can come on-board now with EVMOS

>>49903558
Yes

[Anonymous No.49903942]

>>49903899
>EVMOS pushing 2s finality
I mean 2s block times*

[Anonymous No.49904193]

>>49898036
>No trading gas fees

>Traders will not pay gas fees to trade, but rather pay percent based trading fees similar to normal exchanges. These fees would accrue to validators and their stakers
I'm gonna sell what was left of my Osmosis.
Thanks for the free money, but the contest is over.

[Anonymous No.49904207]

>>49904193
Pretty sure this kills INJ too. Fuck those chinks.

[Anonymous No.49904329]

>>49904193
it is nothing new. carbon.network is already up and running

[Anonymous No.49904562]

>>49903769
bingo
cosmos probably wont be the primary end all be all
but it seems clear that LINK will be involved in the final solution
if LINK isn't then we aren't even at the start of DeFi, but with the LINK staff add ons i think we all know the answer.
>>49903899
KDA is the cosmos fud that no one realizes
why does cosmos support PACT...
im not saying KDA will be the final solution either, but it sure as shit beats cosmos.

[Anonymous No.49904736]

>>49902697
This
GNS on arbitrum will be far superior

[Anonymous No.49905119]

>>49898036
After missing out on its retroactive drop I vowed to get this token in my portfolio and ever since then I've been holding, DCAing, scalping on it alongside AZERO, RIDE and VET. There's more to this projects than y'all can possibly imagine, DYOR.

[Anonymous No.49905811]

>>49905119
What were the drop requirements?

[Anonymous No.49905845]

>>49898036
shit. is this the beginning of the end for ETH?

[Anonymous No.49907615]

>>49904329
>carbon.network
looks like a scam desu

[Anonymous No.49907779]

>>49904562
>>49903769
did DYDX ditch starkware because starkware doesnt like link?

[Anonymous No.49909001]

>>49907779
What makes you think they don't like link?

[Anonymous No.49909120]

>>49904562
>why does cosmos support PACT...
It could be tacked on with it's own runtime on a sovereign chain if need be, there's been no demand for a purely functional smart contract language as of yet

[Anonymous No.49911172]

Reminder that all the big brains knew L2s would never scale but still led you on anyway

[Anonymous No.49911231]

Bullish for Celestia

[Anonymous No.49912325]

>>49901605
Not super worried about it, Chainlink is slowly but surely making its way to non EVM chains, and CCIP will enable interoperability between them anyways