RE: dYdX V4 - Why dYdX Chain on Cosmos?
You are viewing a single comment's thread:
I had never really looked into dydx before, BUT, the fact that they chose Cosmos SDK, is significant, because if executed correctly, could showcase an off-ramp from Ethereum's slow layer-1 that's expensive to settle transactions on and the supply of ETH is heavily centralized in the hands of the major insiders.
This could, in theory, enable UniSwap to make such a big transition move as well. The largest DEX shouldn't be dependent upon Layer-1 Ethereum, it's only going to create bottlenecks in tx throughput.
Since THORChain is also built on Cosmos, there's so much "there" there. Gravity Bridge links to Ethereum, too.
Posted Using LeoFinance Beta
0
0
0.000
Agreed!
Uniswap is operating on both Ethereum L1 and L2 such as Polygon, Arbitrum, and Optimism. I believe Cosmos SDK is an amazing product but not sure if developer teams would choose to build on Cosmos rather than the source of liquidity on Ethereum.
Posted Using LeoFinance Beta