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OTB-

Is Injective being cross-chain purely based on that the trading

platform can hold derivatives and spot from multiple chains?

#cryptocurrency #english #injective
0

15 ответов

14 просмотров
Varun-Singhal

Yes you are right

0
19.09.2021
Varun-Singhal

Also with bridges in place, we would have asset transfers and much more interaction with other ecosystems

0
19.09.2021
OTB- Автор вопроса

would tokens be in the standard form or would they need to be wrapped versions?

0
19.09.2021
Varun-Singhal

Once bridges are there with a particular ecosystem, no need for wrapped version.. Currently we have one with Eth only hence for non- ERC tokens, wrapped versions are necessary

0
19.09.2021
OTB- Автор вопроса

Is not needing to be wrapped unique to Cosmos?

0
19.09.2021
Seq🔺-

In addition it will provide full evm compatability enabling existing ethereum dapps to easily integrate and run on injective as a more scalable solution with far cheaper gas fees, as well as interoperability with other evm and non evm compatible chains. Ibc also enables composable interoperability with other ibc compatible chains https://blog.injectiveprotocol.com/introducing-the-new-injective-an-evolution-of-the-mission-product-offerings-and-brand

0
19.09.2021
OTB- Автор вопроса

What do you think will be the main drivers of adoption in the near term?

0
19.09.2021
Seq🔺-

Incentives and the use of a dex with zero gas fees, high performance and can trade any market. EVM compatability is due this year

0
19.09.2021
OTB- Автор вопроса

What incentives are there for individual traders?

0
19.09.2021
Varun-Singhal

No KYC, decentralised exchange which would imply that no outages in case of extreme price fluctuations

0
19.09.2021
Varun-Singhal

We are all aware what happens with centralised exchanges when there are extreme price movements.. We would not have any issue like this with DEX since it would be based on decentralised oracles like BAND, Chainlink

0
19.09.2021
Seq🔺-

Makers can earn rebates covering their fees and actually earning AMM like rewards with a decentralised order book exchange

0
19.09.2021
Varun-Singhal

Also through multiple relayers, we would be censorship resistant and hence offer a wide array of products which CEX may not be able to offer owing to regulatory clampdown

0
19.09.2021
OTB- Автор вопроса

Also relayers would be trying to drive traffic for their own benefit too

0
19.09.2021
Varun-Singhal

Yes 40% of the trading fee

0
19.09.2021

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