Conversation

1) For the last few weeks,

has been the fastest, cheapest, most liquid on-chain DEX in the world. It's also been really clunky to get funds to. Now it's easy.

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2) If you go to sollet.io, you'll notice something new: Metamask connectivity.

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3) This means that you can now convert between ERC20 tokens and SPL tokens 1:1 natively in sollet.io; all you have to do is connect it to your Metamask walet.

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How do get the tokens back onto Eth?

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Same way -- when you click 'send' you can send via ERC20

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So user pays gas on way in and out in ETH to Serum. Probably doesn’t make sense for a small trade but does for a larger one. Feels like a Layer 2 like what OMG Network is doing with a plasma chain.

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Yup, but only if you're going straight in and out; if you're staying on Solana then it's extremely cheap and quick, but also on a layer 1 blockchain

10:35 AM · Sep 13, 2020Twitter Web App

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So buy the ‘mirror’ asset on Solana then withdraw to ETH could be a cost effective trade. Only pay gas on way out I guess.

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Still not clear that it is a trustless system for locking in assets and pulling them out? Any pointers to docs that show that?