Re:Decentralized Finance: On Blockchain- and Smart Contract-...
by suikadayo on Monday February 08, 2021 @10:14PM
(#26073426)
It'll eventually be abstracted to where it's simple to be used by regular folks, or it'll be integrated into existing infrastructure.
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Re:Decentralized Finance: On Blockchain- and Smart Contract-...
by hanniabu on Monday February 08, 2021 @11:04PM
(#26073691)
Yup, I don't understand how a lot of traditional financial instruments work but I still use them. At least these are transparent.
Re:Decentralized Finance: On Blockchain- and Smart Contract-...
by xur17 on Monday February 08, 2021 @11:24PM
(#26073836)
That's one thing that I've really enjoyed so far - a lot of these projects are essentially lego bricks, and I can (and do) try and understand how all of the different pieces fit together. That's something that certainly isn't possible with a lot of traditional finance. Even if I wanted to figure it out, I don't have access to see everything.
Re:Decentralized Finance: On Blockchain- and Smart Contract-...
by suikadayo on Monday February 08, 2021 @11:37PM
(#26073942)
Speaking of lego bricks, and I haven't used it yet myself, but https://furucombo.app/ looks really interesting!
Re:Decentralized Finance: On Blockchain- and Smart Contract-...
by xur17 on Monday February 08, 2021 @11:50PM
(#26074009)
I've played around with it a bit. I actually found a juicy arbitrage opportunity, and was trying to use it to chain a few trades together to take advantage. Unfortunately it didn't support one of the trading platforms I needed to use, so I ended up just manually making the transactions separately.
This really drove home how inefficient and full of opportunities Ethereum is if you know where to look.
Re:Decentralized Finance: On Blockchain- and Smart Contract-...
by rawtxapp on Tuesday February 09, 2021 @12:06AM
(#26074107)
Learning about flash loans and how they settle in the same transaction that they originated in really made the idea of the lego bricks click for me, it was like a light bulb moment.