Attacking the DeFi ecosystem with flash loans for fun and profit (2020)

Re:Attacking the DeFi ecosystem with flash loans for fun and... by hanniabu on Sunday January 17, 2021 @12:46AM (#25808495)

In my opinion al these other projects are just getting attention because Ethereum is struggling with throughput right now. Once ETH2 is released, or even before that with L2, all these other projects will become pointless.

Ethereum has so much network effect that these other projects need to actually pay people to use them over Ethereum. Not to mention they're also more centralized.

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Re:Attacking the DeFi ecosystem with flash loans for fun and... by Vinceo on Sunday January 17, 2021 @02:34AM (#25808958)

I agree to some point. Though, Ethereum doesn't have time to wait for Eth2 imo as it will take years before it's fully released. So it will have to rely on l2 scaling until then.

A lot of other platform projects are providing bridges which makes it possible to use those projects as some sort of an L2 for ethereum. If a lot of dapps starts migrating to those instead of to native L2 solutions it can get ugly.

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Re:Attacking the DeFi ecosystem with flash loans for fun and... by hanniabu on Monday January 18, 2021 @01:11AM (#25818731)

L2 is already rolling out. They're currently doing progressive rollout starting with synthetix.

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