Why we need another one DEX? traditional DEX like IDEX are not popular anymore nowdays. And we have Yniswap and a lot hardfork of it which support multi-blockchains..
We certainly don't need another DEX that relies on L1 atomic swaps and wrapped assets (intermediary assets, long wait times, high fees).We certainly do need a DEX that allows for instant L2 atomic swaps with real assets. XSN appears to be the only one building a solution like this that is natively interoperable with Bitcoin, Litecoin, Ethereum, and ERC tokens.
Another thing I am wondering is what they are doing to secure your funds. Do they provide some security?
Stakenet DEX is non-custodial, e.g. there is no 3rd party involved in the swapping of one asset to the next. As with any proper DEX, your funds are yours. Unlike most any proper DEX, you don't have to manually download multiple blockchains, let them sync, and rely on vastly different blockchains with vastly different throughput to rely on the success of your swap.BTC and ETH are both looking very bullish right now. Expect on-chain congestion to be a serious issue in 2021. Expect the desire to use L2 and DEXs to keep skyrocketing.
Is it any coincidence that XSN is building exactly the infrastructure to alleviate this? I do not think so.
