The lending, staking, and lp is nice but no incentives

Looks like we have different definitions of XYZ based. For me Layer 2 solutions are XYZ based. They can not exist/work without the root chain (Layer 1) DefiChain can perfectly exist without BTC chain.

0

29.09.2021

Michael

How is it completely unrelated to BTC? What about the fact that DeFiChain is a fork of Bitcoin? Or the Bitcoin Anchoring? Or the Atomic Swaps? I wouldn't call that completely unrelated

0

29.09.2021

Michael

I got your point, but I woudn't say that it is completely unrelated to BTC. Of course some feature are decisions that can be switched, but that doesn't change the fact that this is the current state :D

0

29.09.2021

Anathos N.

Its as related to Bitcoin as any other coin where there is a Liquidity Mining pair with BTC, the Chain itself and the rules applying for DFI are not on any way inherited or enforced by Bitcoin, its a seperate chain, not a DeFi solution ON Bitcoin -> then it would use BTC/Sats as tokens, it is not a L2 solution on L1 Bitcoin main chain. Lightning uses onchain L1 BTC, locks these in a channel and two parties can move the balance in this channel to enable bidirectional payment. It doesn’t need a separate coin to operate and al rules applying to the coins are the same as for the locked L1 BTC, number of coins cannot be increased independent from BTC, consensus mechanism when settling a channel to L1 cannot be changed to PoS. So the marketing speech Cashflow on Bitcoin, Defi on Bitcoin is not true at all, all cashflow and Defi is based on DFI on the DeFiChain, there is no relationship to L1 Bitcoin. Even the LM pair is not REAL bitcoin bit just a synthetic token named dBTC which is created 1:1 for a real BTC when the pair is created. The real BTC remains onchain, and all DeFi is done on the Copy.

0

29.09.2021

akp Автор вопроса

To be frank cash flow is pretty weak, the returns I got on lp where pretty bad. I would highly suggest looking at what else is happening in defi land.

0

29.09.2021

Kassius84 · Accepted Answer

Kassius84

Hey, DeFiChain has his own decentralized Exchange. And soon there will be loans and stock tokens on DefiChain. Furthermore its planned to have the possibility to create own new Tokens.

0

29.09.2021

210 похожих чатов

The lending, staking, and lp is nice but no incentives

11 ответов

Похожие вопросы