We all know the issues with DeFi — but what are the answers?
April 30, 2021. Summarized by summa-bot.
Compression ratio: 17.1%. 1 min read.
High costs and transactions prioritized by gas fees often make using DeFi protocols challenging to say the least. Does it really need to be this difficult?
Right now, DeFi can end up being a poor fit for those seeking to execute big trades, and that’s because the size of these transactions can end up dwarfing the liquidity that’s available in the market.
Clunky, confusing user interfaces can make these ecosystems exceedingly off-putting — even to those who know their way around a traditional trading platform.
At first glance, it seems a radical rethink is needed to build upon the extraordinary success that first-generation protocols have enjoyed already — protecting the attributes that make DeFi platforms so popular, all while ripping a few pages out of the playbook used by centralized rivals.
Orderbooks can serve as a knight in shining armor here — responding to changes in global sentiments on traded assets in a split second.
The project delivers a layer-two system on top of the Polkadex Network, and it’s claimed that the orderbook can accept trades in 20 milliseconds — with capacity for 500,000 trades to be processed per second.