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A comment on Decentralized Finance: On Blockchain- and Smart Contract-Based Financial Markets. Parent comment

Re:Decentralized Finance: On Blockchain- and Smart Contract-... by rawtxapp on Monday February 08, 2021 @11:37PM (#26073939)
In many ways, the future is here, there are billions of dollars locked in these defi projects, I'd say now it's more about adoption and user education.
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Re:Decentralized Finance: On Blockchain- and Smart Contract-... by xur17 on Monday February 08, 2021 @11:42PM (#26073971)
And scaling. Transaction fees have gotten insane lately, scaling solutions cannot come soon enough.
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Re:Decentralized Finance: On Blockchain- and Smart Contract-... by dpraburaj on Tuesday February 09, 2021 @01:13AM (#26074448)
Fees on other chains like Binance Smart Chain(EVM compatible), Terra and others are quite low now(around 0.2 - 1 USD per transaction). PancakeSwap is a Uniswap alternative on BSC and TerraSwap is a Uni alternative on the Terra blockchain.
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Re:Decentralized Finance: On Blockchain- and Smart Contract-... by xur17 on Tuesday February 09, 2021 @07:54AM (#26076904)
The issue is that all of the platforms people want to interact with right now tend to be on Ethereum (which is part of the reason it is so expensive).
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Re:Decentralized Finance: On Blockchain- and Smart Contract-... by rawtxapp on Tuesday February 09, 2021 @12:00AM (#26074068)
100% agree, right now it's like 80$ for a uniswap exchange, 200$ to open a maker vault, 100$ to transfer tokens, etc. I'm really looking forward to eth2 which will hopefully land without too much issues or delays.
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Re:Decentralized Finance: On Blockchain- and Smart Contract-... by zaarn on Tuesday February 09, 2021 @03:05AM (#26074994)
It's not as bad if you're willing to wait a bit. Token transfers are like 10$ if you set the gas price to around 120 Gwei, should validate within an hour or two.

The tricky bit is the exchanges, though in my experience, the worst was around 60$ fee for a swap at a busy time.

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