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29593089 No.29593089 [Reply] [Original]

If I understand this correct, to get in and out of the Matic ecosystem, I still have to pay the Etherium gas fees.

Is this essentially only useful if you want to day trade and try to eak out profits on volatility?

>> No.29593331

>>29593089

Yep.

That's why I don't believe Layer 2 solutions for ETH are the answer.

>> No.29593334

Pools and staking and all that DeFi type shit is no longer insanely expensive too.

>> No.29593869

>>29593089
Yes and it is way more complicated for normies than BSC would be lol

>> No.29594131

>>29593089
not only helpful for day trading, but providing liquidity, staking, basically anything smart contract related that has high fees on ETH

>> No.29594490

>>29593869
I can't get behind BSC. Semi-centralized is eh, but do you guys want China in command if your money?

>> No.29594494

>>29593089
It'll take 7 days for you to transfer assets from Matic Network to ETH network. So it won't be off-ramp gains quickly realized.

>> No.29595332

>>29594494
The PoS bridge withdrawal resolves within an hour.

>> No.29595491

>>29595332
Oh thats good. it said 3 hours on the website. And deposits only take like 10 minutes

>> No.29595842

>>29593089
It's useful cause any Dapp that wants to transact needs to build on layer 2, and there's no other layer 2 networks specifically built for Dapps with intensive smart contract use (STARK is gr8 but for transactions, same with optimism). Poly is that solution that devs are using now cause we have no choice. Now for our tokens to trade, you can trade them on ETH but you'd need to bring them to ETH through plasma then use uniswap, paying like $400 the whole way through. We needed liquidity on Quick, and we need it fast. That's why this is happening. Any Dapp with use is porting to Matic right now and we're about to see SOME shit. $1B marketcap exchange is going to happen in just a few weeks, and wait to see what happens from there ....

If you need more inspiration, compare the rewards for Uniswap and Sushiswap to their base of liquidity, comparing to Quickswap's monthly rewards and liquidity. It's a no brainer.

https://terminal.tokenterminal.com/
quickswap.exchange

if this doesn't convince u then im sorry and u wont make it, and your portfolio is probably filled with billion dollar eth killers or binance :--(

>> No.29595934

>>29595842

Target price anon? So you are basically saying 10x from here?

>> No.29596083

>>29593089
it's useful for every type of smart contract interaction.

>> No.29596278

>>29595934
extrapolate liquidity by a couple days.

Aka, 50000000*(1.08^10) - at a compounding growth rate of 8% growth per day over 10 days (it has been 25-50% so far), we will see a liquidity of $1B on the exchange.

That's $10K per quick bro.

>> No.29597445

>>29593869
Because having to use a VPN isn't confusing for normies at all.