- DeFi researcher Ignas inquired concerning the blockchain provided by Compound Finance.
- The analyst reminded that in 2021 chain of substrate compounds was printed.
- In keeping with Igno, the chance of Uniswap launching its personal chain isn’t zero.
Ignas, a widely known DeFi researcher, inquired concerning the blockchain provided by Compound Finance. Ignas reminded of Compound Finance’s announcement of its Substrate Constructed Compound chain in 2021.
Igno’s newest question features a screenshot of a now-deleted Medium put up wherein Compound Finance outlined plans and capabilities for a deliberate blockchain undertaking. The undertaking seems to have been deserted as the center put up was deleted. Ignas recalled the tweet after lately tweeting about the potential for Uniswap beginning its personal chain.
In keeping with Igno, there’s a non-zero likelihood that Uniswap will launch its personal chain, most likely as a Layer 2 blockchain. He believes that this is able to give Uniswap’s native token, UNI, extra utility and worth for the sake of decentralization. Ignas thinks that is attainable, provided that MakerDAO is already launching a neighborhood blockchain.
Ignas pointed to a report that famous MakerDAO’s intention to create a proprietary blockchain it calls NewChain. In keeping with the report, NewChain will merge with and never essentially exchange the Ethereum blockchain that underpins the MakerDAO platform, which means that NewStable, NewGovToken, Dai, and MKR will proceed to run on the Ethereum blockchain. Nonetheless, they are going to be protected by a management system working by way of a safe bridge.
One of many respondents in Igno’s tweet with identification Krypto Koryo seen that the most important drawback with beginning any Compound or Uniswap chain might be liquidity fragmentation. In keeping with Koryo, if Compound begins its chain, individuals will not be capable of do something with the borrowed cash. He additionally believes that Uniswap might be in the identical scenario.
Koryo identifies the complicated points concerned in constructing a wealthy ecosystem on the appliance chain. So, he thinks any of those tasks that attempt to try this will should be mixed. Nonetheless, he believes that with the event of cross-channel and multi-channel applied sciences, tasks can obtain their objectives. He believes this might occur if cross-swap transactions turn into seamless and cost-free.
