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56057810 No.56057810 [Reply] [Original]

I have always wondered why some DEXs like GMX gained traction while the hundreds of other swaps that launched after uni, sushi, and quickswap failed. What do you retards think?

>> No.56057826

>arbitrum releases
>becomes shitcoin casino 2.0 electric boogalo edition
>pajeets shill their airdrops non stop
it aint that hard. it also boosted their volume substantially IIRC

>> No.56057836

>>56057810

faggots just love gambling with leverage. It's literally that simple, the only problem would be liquidity issues but that's about it as far as I know

>> No.56057837

Sushi never failed. The new AMM made it stronger if anything. Pancakeswap died because they were giving too much if you staked $CAKE, remember third worlders were practically living off of it for a year or two, just staking and doing nothing else.

>> No.56057839

where'd you get this picture of me?

>> No.56057860

>>56057837
>Sushi never failed
It still doesn't come anywhere near close to Uni in terms of trading volume. You're delusional if you say otherwise, Lol.

>> No.56057872
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56057872

For the same reason things like GMX and HEX got big; good rewards for staking. This is why I practically only (liquid) stake KAVA using Kinetix nowadays, 26% APY for $KAVA and 200% APR for $KLP.

Most others don't even stand a chance. There's good ETH pools on Curve, too.

>> No.56057876

>>56057860
Why are you comparing apples to oranges in the first place you fucking moron. Did Ethereum fail because it doesn't come anywhere near close to Bitcoin in terms of trading volume too? Retard.

>> No.56057882

>>56057826
unironically this. gmx becoming popular was a biproduct of arbitrum going crazy on airdrops. now that that's over nobody really uses gmx anymore. it was the pajeet flow effect.

>> No.56057892
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56057892

>>56057837
TVL of 270mil. Nuff said.

>> No.56057901

>>56057876
>Why are you comparing apples to oranges
They're both DEXs so it's a fair comparison. Just making sure you niggers understand who's truly in charge here. Your lesser DEXs with trash liquidity get next to zero attention and rightfully so. Keep seething.

>> No.56057908

>>56057872
Both proved to not be sustainable. That kava thingy you are pooling doesn't sound too sustainable, either ;^)

>> No.56057909

>>56057872
>200% APR for $KLP
how the fuck is this even supposed to be sustainable? I'm sure it's bound to drop all the way down to zero once people actually start depositing liquidity, correct? Otherwise their token is gonna drop in price massively once people start cashing out their rewards

>> No.56057923
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56057923

>>56057839
we are all a collective hivemind of absolute fucking doomer retards. that says about all there is to know about it

>> No.56057932

>>56057882
>>56057892
Libertarian spotted, all posts will be automatically discarded.

>> No.56057933

>>56057892
i find it pretty funny how argiefags are saying that this gut is somehow going to save their shithole country from inflation. they said the exact same thing about Macri in 2015 IIRC and yet their meme currency is still on fucking freefall

>> No.56057939
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56057939

>>56057908
>>56057909
Both are still standing and Kava has been around for a few years now. Stay mad.

>> No.56057953

>>56057826
>>56057882
SIRS
DO NOT REDEEM THE ARB AIRDROP SIRS PLS MUH VILLAGE

>> No.56057954

>>56057932
>>56057933
Have fun paying 3k rent this month faggots don't forget to wake up early to your 9-5/6/7 (those hours won't have additional compensation btw) and of course how could I forget make sure you don't even scratch your body on your way to work lest you want to pay 90k for an ambulance and a checkup with your local doctor

>> No.56057964
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56057964

>>56057872
>>56057939
i don't want to read another word on kava until their promised developers come to #buidl defi on cosmos and whatever you fucking hack. i am STILL waiting.

>> No.56057969

they failed because you pay more on transaction feeds than what you are actually making by locking away money somewhere that can get hacked. you are better off doing some daytrading.

>> No.56057970

>>56057939
>Both are still standing and Kava has been around for a few years now
Kava is a literal ghostchain with nothing going on besides a shitty DEX and PEX at the moment. Don't get cocky faggot because your so called chain is still pretty fucking barebones compared to its peers

>> No.56057974

>this thread
/poltrannies need to find a fucking hobby.

>> No.56057992
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56057992

>>56057970
'cept you are wrong friendo.
>KavaSDK built on the CosmosSDK, blazing fast and ready to get BREEDED with DEFI cock. Will replace Terra long run with high quality, low fee projects pumping money into the entire ecosystem.
>Kinetix is built by the Quickswap people, quality assured. No contest.
>Smart contracts infinitely better than Bugvalanche or Methereum's. Still bridges with (METH)ereum to bring in stupid normies.

>> No.56058394

>>56057860
Depends on which chain, doesn't it?
Sushi has the majority on Arbitrum Nova for example

>> No.56058395

>>56057810
retarded text because it's started by a bot

>> No.56058411

>>56057810
industry connections, VCs, crypto influencers on twitter