[ENG] Decentralized financial protocol stack xDeFi
English translation of https://steemit.com/hive-150232/@xinhuaren/20210329xdefi
On March 22, the decentralized financial protocol stack is scheduled to be launched on Uniswap tonight. Liquid mining will be started within 72 hours, and 17 pools will be the top mine for 9 days.
For mining projects, the main modules now are 1 XDEX multi-pool 2 Mining (routine, with cold start bonus) 3 Vesting module xHalfLife, to keep the economic model stable.
Is there any difference between xDeFi and other DEX? Where is the competitiveness? I think the competitive advantage is “optimization-driven”, and the core is still gas optimization and slippage optimization under the same volume.
What is the rationale for choosing multiple pools? Suppose you want to change UNI to SUSHI, UNI will only provide users with multi-hop transactions, and the gas consumption in this transaction will double. In the multi-asset AMM DEX, the multi-asset pool is still a portfolio that can provide liquidity.
Compared with the existing multi-pool leaders Kyber and Balancer, the pool deduplication for multi-asset pools is different. In the Kyber/Balancer pool, many different pools have similar tokens, so liquidity is distributed to different pools. If pool deduplication is not performed, the user experience will decrease due to high slippage.
Pool deduplication means: similar portfolios and weights of different pools will be merged together. Users can no longer use similar portfolios to create new pools because a pool already exists. It was found that there was almost no difference between the 51:49 and 50:50 pools of ETH/DAI. These pools will be merged through some constraints, and each portfolio will be recorded on the chain.
When the testnet has de-duplication, it is observed that the turnover rate (trading volume/locked position) has increased. This data is also the main network, and BSC will continue to verify a key indicator
This post is first published by steem
https://steemit.com/@xinhuaren/20210329xdefi
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