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Is there any nice DEX that lets you trade Solana for Monero and vice versa? I want to do some commerce in Monero but since Monero is banned on most/all marketp
by nikivi 4y ago
Is there any nice DEX that lets you trade Solana for Monero and vice versa?
I want to do some commerce in Monero but since Monero is banned on most/all marketplaces, it'd be nice to get it easily via decentralized exchange swapping it for Solana. Doing commerce with Monero and then swapping it back to Solana and later FIAT.
I assume the issue with this setup even if one builds it, you still have to tell the government what happened and how exactly you earned your coins? Or maybe you can build another DEX converting Monero to FIAT 'cash' avoiding such questions?
- nikivi 4y agoReason this is interesting I think is that such a setup can let you avoid paying tax to totalitarian regimes such as Russia/China that use the money to crush opposition or wage war. As well as minimize fees in general such as Mastercard/Stripe. Maybe it’s just a hopeless dream.
- Aaronstotle 4y agoI don't know of any DEX that does this currently, I'd be happy to make the exchange though
- openfuture 4y agoYou guys can do it via amoveo. If you need veo then feel free to contact me by following links from profile to an email address.
- openfuture 4y agoThe oracle problem rears its ugly head once more. It's not a /nice/ DEX but amoveo exists, almost no liquidity but in theory it works. It's not hopeless but it is important to understand how impactful solving the oracle problem would be. The implications are IMMENSE. Literally obviates the need for governance. So idk, monero is too small (in some sense) to really be useful and the oracle problem is too big (in some sense) for a solution to it to be "one of many" - it'll transform everything and it can't happen unless people make it happen.