Conversation

Daily DeFi Thoughts, 2020-08-13: Building a performant on-chain exchange is hard. But it's also the goal, and all the EV is in doing it as well as you can. Choose the best chain, build the best team, and get the strongest partners you can for your ecosystem.

Quote Tweet

SBF

@SBF_FTX

Aug 10, 2020

Daily DeFi Thoughts, 2020-08-11: Liquidity mining, in its current form, is stupid. It artificially inflates metrics. Maybe it was good for marketing but don't drink your own cool-aid: citing TVL is like citing fake exchanges' fake volume. $50m in real VL >>> $500m in fake VL. twitter.com/SBF_FTX/status…

Show this thread

SBF

@SBF_FTX

Aug 13, 2020

Layer 2s are really cool. But they also rely on the layer 1 for core functions. Rather than compromise on functionality, just build on the layer 1 that works; you can use rollups between it and ETH like you can with layer2's.

This Tweet was deleted by the Tweet author. Learn more

Replying to

and

Hey Sam, I don’t agree that. The only downside for L2 now are deposit and withdraw. But once you are on L2 fast line. All transfers will be free and instant for now!

This Tweet was deleted by the Tweet author. Learn more

Replying to

and

What makes you think they're overkill? For a lot of things they definitely are! But for a lot of things they're not. Most of what we use computers for would be unusable without high throughput, low latency, cheap networks.

3:17 PM · Aug 13, 2020Twitter Web App

This Tweet was deleted by the Tweet author. Learn more

Replying to

and

I think two reasons 1) #zkrollup currently don’t support AMM, but this can be solved soon 2) txn for pending confirmation is very high. This kinda hold people trying Layer 2.