Sirwin
Sirwin

Why we really need Layer 2 Scalable and Cost efficient DEx cum DeFi protocols - FalconSwap is ray of hope


Its not too far in 2018 we can transact with Ethereum Network with low cost and low gas fees at almost 8GWEI and you can see that transacting 1 ETH almost 846$ with low transaction fees of the 0.14$... Those were the wow moment to see a transaction even passed within 4 minutes.

 

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Even after new bull run of 2020 with the DeFi booming everywhere and we have seen a drastic change in the Ethereum Network based locked DeFi value in the total USD is almost 8 Billion USD as per https://defipulse.com just fall back from 9.5 Billion USD due to that Sushi , kimchi and all food DeFi falls recent days.

 

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Even after being used by most DeFi protocols like Uniswap, Aave, Maker, Curve etc Ethereum Network transactions are being stucked for days and as well transactions fees are mooning rather that price rise of the Ethereum itself. See as of today in only first 3 DeFi protocols Uniswap. Aave and Maker there have been approx $4 billion USD and though users are facing many problems like price slippage and if not slippage failed transaction and loss of transaction fees too...

 

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Today we can see a transaction fees are common like ranging $15-$45 and though not sure if transaction passed within minutes, hours or many times in days too... As I always say DeFi is future but also can see these are major hurdles to be faced in future too... and if we cant find any good solution this great DeFi will not be reached to the general users and cant be helpful for Mass adoption of the DeFi.

 

Here comes a great potential protocol like Falcon swap.

 

FalconSwap is a layer-2 scaling solution built on Uniswap and further extendable to aggregate other DeFi platforms like Mooniswap, Kyber, Balancer, Airswap, Bancor etc

 

Major key features to be watched : 

 

Lower Gas fees

Lower gas fees by aggregating multiple orders.

 

Low slippage

Layer 2 order matching to save slippage from the pool.

 

Privacy

Trade on layer 2 without compromising your privacy.

 

Faster transactions

Faster transactions powered by layer 2 implementation.

 

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It would be great help to the DeFi if FalconSwap comes with its mainnet soon as its promised by the developers.

 

Source : https://falconswap.com

 

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DeFiGuru
DeFiGuru

Crypto and specially DeFi enthusiastic and specially Polka dot chain lover.


DeFi is not a bubble or just a boom... It's future
DeFi is not a bubble or just a boom... It's future

Just remember the day when you first head of the Bitcoin and you might not be able to understand what it really is and why people are mad towards it. It's the first step to the financial freedom and Decentralization of the Finance. And with recently emerging protocols it would be more easy to enter to the DeFi (Decentralized Finance)

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