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> Why do I have to pay more fees to swap tokens on decentralised exchanges making them unusable So I still have to wait at least 2023 (2025 or 2026 for a reali
by colesantiago 5y ago
> Why do I have to pay more fees to swap tokens on decentralised exchanges making them unusable
So I still have to wait at least 2023 (2025 or 2026 for a realistic possibility of merchant adoption) for ETH 2.0 to be used?
I don't think merchants would want to wait for something that is not complete and unregulated.
You do realise that ETH 2.0 has nothing to do with lowering fees? So all the DeFi apps using it will still be unusable anyway.
> If you have an internet connection, no one can stop you from using these protocols (and many other protocols)...(just tens of thousands of Ethereum nodes which are responsible for settling transactions).
Aren't most of these Ethereum nodes and DeFi exchanges on AWS like dydx? It went down a few months ago no? [0]
That doesn't sound decentralised to me.
> Use protocols that have been around for a long time...That decreases chances of you losing funds. But it is a problem
So I can't get my money back then? I see DeFi hacks everyday and not getting my money back doesn't help either.
Makes robbing a bank less attractive for criminals and instead target DeFi projects.
[0] https://twitter.com/dydxprotocol/status/1468293558360805381 https://twitter.com/dydxprotocol/status/1468293558360805381