Topic: First DEX with instant 2nd layer exchange settlements between BTC ETH USDT (Read 70 times)

Hey there!

Hope you're all enjoying the weekend and all the gains we've had recently. I couldn't stop noticing all the drama between projects discussed here (NANO, BTC etc). due to the fees as of lately. Paying a $60 fee to trade $200 worth of a token on Uniswap is ridiculous.

This made me search for scaling solutions and projects trying to deal with it, as I can't see a future with anyone blatantly accepting these high fees, even when BTC is being talked about as "digital gold".

This video caught my attention: https://streamable.com/codw1m - It's a promo video from Stakenet's single swap service which is available in their custom multi-currency wallet with their DEX integrated into it as well.

They make use of the Lightning Network + The Connext network to make off-chain trading possible with a few clicks.
Anyone who's dealt with the Lightning Network otherwise has probably seen all the steps needed to even use it, which isn't user friendly at all.

This whole setup will soon be managed and controlled by more than 2700 masternodes, who will serve as Lightning and Connext hubs, and prevent bad actors from entering the network.

Decentralized exchanges need to be instantly tradeable, otherwise, nobody bothers to even use them, since convenience is the single most important aspect of people's daily lives.

This is an interesting project, which I predict will enter the top 100 in terms of market caps soon, new top 5 exchange listing on it's, which has frankly been one of the things that have stopped this project from being taken seriously.

I'd love to know what you guys think?