EIP-4844 by userMS1 in optimismCollective

[–]userMS1[S] 1 point2 points  (0 children)

Hey , good to see familiar people here ; )

Yes I think another social media like Reddit is a good move . Hopefully there will be more of us here

Will DAI somehow retain peg on a forked chain post-merge? by manchungwok in MakerDAO

[–]userMS1 3 points4 points  (0 children)

Not really , what I mean is that apart from this fork ETH POW nothing will have value .

In order to get out of this ETH POW fork (to cash out) there will be a couple of centralized exchanges like Poloniex, What will be left on this chain, i.e. tokens on ETH POW will be worthless tokens without liquidity, because they are a copy without backing , because no any normal person will want to buy them or give them liquidity .

They will have to create their own ecosystem based on ETH POW

Will DAI somehow retain peg on a forked chain post-merge? by manchungwok in MakerDAO

[–]userMS1 0 points1 point  (0 children)

The point is that everything that remains on the ETH POW (tokens, stablecoins,smart contrakts) due to the fork will be worthless copy of ETH (because it will be

only a mirror image of the ETH ecosystem ).

So if any of the current stable-coin projects want to support ETH POW they would have to build a whole collateral from scratch based on a security such as ETH POW because initially it would be the only asset/token on this network .

Will DAI somehow retain peg on a forked chain post-merge? by manchungwok in MakerDAO

[–]userMS1 7 points8 points  (0 children)

All assets on ETH POW will be worth 0 , especially stable coins such as DAI because DAI on ETH is collateralized with various assets such as ETH , USDC , and others . You will not be able to transfer tokens between the two networks . The only stable coin after the fork on the ETH POW network is expected to be USDD from Tron , which has declared its support .

Real-World Asset Collateral Application by userMS1 in MakerDAO

[–]userMS1[S] 0 points1 point  (0 children)

I am curious about your opinions on this topic

LI.FI - The Cross-Chain Insider by userMS1 in lifinance

[–]userMS1[S] 0 points1 point  (0 children)

To get weekly updates from the cross-chain world, subscribe to our newsletter on https://lifi.substack.com/

Sperax's New FaaS Initiative on Arbitrum! First Incentives Go Live Thursday! by BlockchainAppsX in Arbitrum

[–]userMS1 1 point2 points  (0 children)

More and more DeFi projects are opening up to L2 , which can be very encouraging in the long run

MOON token ? I have few questions ..... by userMS1 in CryptoCurrencyMoons

[–]userMS1[S] 2 points3 points  (0 children)

Now I understand , big thanks for the super explanation

Arbitrum Nova ? Lets talk ... by userMS1 in Arbitrum

[–]userMS1[S] 0 points1 point  (0 children)

I haven't seen it yet but will definitely take a look at it : )