6 ms·
yeah, a couple of companies in the space are experimenting with the concept of an omni-pool. Essentially, since arbitrage bots are a constant you don't need an
by TrapLord_Rhodo 5y ago
yeah, a couple of companies in the space are experimenting with the concept of an omni-pool.
Essentially, since arbitrage bots are a constant you don't need an outside oracle to ensure there's very little slippage between assets. Addititionnally, since you are swapping inside the pool it does not incur a trade fee as you aren't trading some outside entity with a confirmation time.
Obviously it gets deep in math, but what you get it the ability to pay for anything with anything with no trading fees and a % APR for keeping your assets in the omni pool.
Solona and dot already beat visa in transaction speed, latency and confirmation time. DOT at technology maturity is looking to be able to process around 10X the transaction volumes of visa.
- thallium205 5y agoOh cool so a centralized payment system except stupid complicated. Sounds like another winning crypto invention to me.
- sebzim4500 5y agoNot sure about the others but Solana is not centralized.
- rglullis 5y agoHow much does it cost to run a node? Strictu sensu, it is "decentralized". In practice, it has all the disadvantages of blockchains and none of the advantages of the traditional banking networks.
- TrapLord_Rhodo 5y agoit's profitable.
- rglullis 5y agoOwning a bank also is. Your point?
- TrapLord_Rhodo 5y agoI can't open a bank, but i can run a node.
- TrapLord_Rhodo 5y agoLow Trade Fees, cross-colatorilization, instantanious and algorithmic liquidation. imagine i wanted to buy Tesla. I have no money but i do have GM Stock. This allows mee to trade GM directly for Tesla stock with no actual trade fee, because the trade never occurs until i pull all my money out out of the pool. So i am exposed to the asset without having to do the centralized exchange way of selling the asset (Incurring trade fee) buying usd. selling USD for the next asset (Incurring a trade fee) then eventually selling it back to USD when i want to utilize that asset.(Incurring a trade fee). So, like i explained before it is a much more efficient mechanism of trading any asset. Since trading is literally the bedrock of civilization and effective capital allocation through trading is what drives prosperity, creating a more efficient trading algorithmn in crypto is one of the finest achievement of our generation even though most haven't undeerstood it's significance yet. The soverign individual was a good book for me to recognize the need for crypto in the world.
- deleted 5y ago[deleted]