1 popular DEX is becoming more like a centralized exchange but worst actually
2 min read
Note I’m a Thorchain RUNE holder.
I really love the use case of this project. They are building cross chain native swaps between BTC, ETH, LTC and a few other top alts.
I believe DEXes should be the future considering all the CEX collapse stories like FTX and Quadriga CX.
Fees and execution wise on Thorchain are not really comparable or ideal to a CEX. Swapping on Thorchain DEX can be much slower and expensive. I think these are still acceptable and understandable.
What is really frustrating now is that the DEX is becoming more like a centralized entity but worst. Once in awhile, swapping can pause for some time.
At the moment, the AVAX chain has been paused for a few weeks. I feel concerned for some of the holders who may have their funds stucked in the LP.
I hope that Thorchain can resolve and unhalt the AVAX chain as quickly as possible. I hope that they can improve and achieve near maximum uptime. Otherwise, the purpose of the DEX is broken.
Current or ex RUNE holders, what are your thoughts ?Note I’m a Thorchain RUNE holder.
I really love the use case of this project. They are building cross chain native swaps between BTC, ETH, LTC and a few other top alts.
I believe DEXes should be the future considering all the CEX collapse stories like FTX and Quadriga CX.
Fees and execution wise on Thorchain are not really comparable or ideal to a CEX. Swapping on Thorchain DEX can be much slower and expensive. I think these are still acceptable and understandable.
What is really frustrating now is that the DEX is becoming more like a centralized entity but worst. Once in awhile, swapping can pause for some time.
At the moment, the AVAX chain has been paused for a few weeks. I feel concerned for some of the holders who may have their funds stucked in the LP.
I hope that Thorchain can resolve and unhalt the AVAX chain as quickly as possible. I hope that they can improve and achieve near maximum uptime. Otherwise, the purpose of the DEX is broken.
Current or ex RUNE holders, what are your thoughts ?
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