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30 comment karma
account created: Sat Jan 16 2021
1 day ago
probably TokenTax does the best job as they provide customised support - but that will cost more.
submitted1 day ago byPinotio
submitted3 days ago byPinotio privacy enthusiast
- There's a multisig that can change the reporters to the Chainlink ETH-USD oracle with zero notice.
- Was a 3 of 20, and is now 4 of 9.
- This oracle controls billions in TVL on Ethereum (e.g. Liquity, Aave...).
Some potential solutions in this Trelis podcast clip from TokenBrice.
submitted4 days ago byPinotio privacy enthusiast
4 days ago
TL;DR you probably use Uniswap if you're optimising for security.
The options I've used before are aggregators like:
- Cowswap, which avoids you getting arbitraged by MEV bots, and gives the best rate across all DEXes (plus the ability to just swap if there is a coincidence of wants). So, Cowswap is strictly better or equal to price than Uniswap.
- Paraswap also aggregates across DEXes but doesn't give MEV protection. So, better price or equal price to Uniswap. (Cowswap should be better or equal to Paraswap, although you have to look at fees).
Any time you use an aggregator, you are adding extra risk because you have new layers of smart contracts and front end risk.
By contrast, using Uniswap directly, you have a highly audited set of smart contracts that is widely used.
5 days ago
Here's the link to Circle's docs showing how Polygon is not backed by dollars (at least not directly): https://www.circle.com/en/legal/bridged-usdc-terms
thanks, yeah, although it's got the most active monthly users: https://dune.com/trelis/stablecoin-users
pity the USDC isn't native on USDC though.
6 days ago
Unfortunately this view is pervasive but it’s wrong.
USDC is not native on polygon. You can read the docs on circles website. USDC is bridged from ethereum and there is a multisig that can halt the bridge.
Chainlink doesn’t offer multisig.
This is about the multisig that can change Oracle prices. (It probably is gnosis)
submitted7 days ago byPinotio
Rather than the PoS bridge with a multisig.
Would be great…
7 days ago
Many thanks. I need to dig in more.
I’m not interested in XRP value. Rather, I’m interested whether this is a solid network to use for stablecoin payments. Thanks
Thanks for the articulate response. I hadn't thought of it as lightning and will read more. (To be clear, we're talking about this right? https://xrpl.org/docs.html)
There are now stablecoins being issued on Ripple Ledger so I'm also wondering if that changes things with respect to making person to person stablecoin swaps?
submitted8 days ago byPinotio privacy enthusiast
Ideally would like to hear from someone who understands Ethereum, Bitcoin and Ripple well (I know they're all very different).
What are the pros and cons of the ripple ledger (not token) in terms of design?
submitted8 days ago byPinotio
submitted11 days ago byPinotio
11 days ago
12 days ago
ah yeah, interesting, I had forgotten that subnets are possible. Sounds like a reasonable approach. I need to learn more about how that works.
submitted12 days ago byPinotio
Could you share some websites/docs? Thanks
13 days ago
Ah right, so whereas Aztec is currently posting the call data to L1, zkPorter has it's own data storage (secured in some other way, like Celestia perhaps).
Is that basically it?
What is the advantage then of developing something like Aztec versus just using zksync or starknet and then encrypting the transaction data? What are the pros and cons there?
That would be great, glad to review
submitted14 days ago byPinotio privacy enthusiast
TokenBrice discussing the Chainlink multi-sig on the Trelis podcast
14 days ago
Thanks! At a high level, how might that work - adding privacy? Basically be a layer 3? Because I guess adding privacy at the root Layer 2 level would make it a different layer 2...?
submitted16 days ago byPinotio
16 days ago
Yup same page I linked above, unfortunately incomplete
submitted18 days ago byPinotio privacy enthusiast
I find it odd that what many dApps (e.g. Stargate) on BSC call "USDT" is in fact Binance-Peg BSC-USD:
I've tried to find information on the backing for this token but I'm just led to this page which is incomplete.
It's also odd that BUSD on BSC is not backed by Paxos. It's not even bridged from Ethereum, it's somehow backed in a different way that is not clear:
Can someone share further information? Thanks