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Idea: Consider adding BASE as an additional L2 to demonstrate Atomic-Swaps on BASE

Open exitus1 opened this issue 11 months ago • 3 comments

See: https://x.com/TravisBloom/status/1874215959780876431

Coinbase engineers excited to see their L2 being used for decentralized swaps.

Why not add BASE to DCRDEX to generate interest from them?

exitus1 avatar Jan 05 '25 22:01 exitus1

It would be nice to integrate BASE because it seems to be the "winning Layer 2 on Ethereum" (or one of the winning ones),

but I think just adding it is not the only "obstacle" for onboarding BASE users - namely we'd need to do something about DEX bonds:

  • either lift DEX bond requirements entirely (until it becomes necessary to have it, meaning Servers experience a lot of traffic and they actually need the DoS protections bonding mechanism is designed to provide)
  • or maybe have some sort of "trial version" where you can place up to 10-20 trades without having any bond (and only after exhausting that limit will you be asked to create a bond in order to continue using your current DEX account for trading)
  • or at least keep the bonding requirements as they are but have an option to bond with some BASE-native assets (I assume that'd be USDC on BASE)

because as it currently stands, the current bonding requirements are an immense barrier even for those who do practice self-custody and Defi - you either need to have some DCR / LTC already in order to start using Bison DEX or you need to "talk to Decred community and ask for referral bond" (and know where/how to do it, wait for human response, etc.)

norwnd avatar Jan 25 '25 14:01 norwnd

It would be nice to integrate BASE because it seems to be the "winning Layer 2 on Ethereum" (or one of the winning ones),

but I think just adding it is not the only "obstacle" for onboarding BASE users - namely we'd need to do something about DEX bonds:

These are all good points. I think it's best to just get the integration done and see if we can get some eyes/interest Coinbase first before trying to solve other aspects of "will BASE users use this". Very good suggestions.

exitus1 avatar Jan 26 '25 00:01 exitus1

This is a good initiative. How hard is it to implement it?

Tsunekazu avatar Mar 19 '25 16:03 Tsunekazu