This week I made a quite special experience. I've been posting on publish0x on and off for a certain time and I managed to make a withdrawal. I'm not using my Etherium account often and I was shocked when I saw the gaz that was needed to send the ERC20 token to an exchange. I simply didn't have enough ether to make the transaction...
With the defi boom what to do about gaz prices?
I ask myself the question, how can a boom be sustainable when it becomes so expensive to make transfers on the etherium blockchain? I'm not that tech savy and I don't know if there is anything in the pipeline to mend this problem, but I can't imagine that things will progress in a nice way with such gaz prices. When defi is all about getting a return on your money and then you loose a big chunck of this return when you make a withdrawal, I believe there is a systematic problem that can't be ignored...
This is a conceptual bottleneck that will become bigger a problem with every new project and new token. The etherium blockchain simply has it's capacity limits and there is a real scalability issue.
Defi on Steem/Hive?
When I look at the platform on steem/hive called dlease, we have actually the possiblity to make a very decent return on our staked money of which we keep 100% control. We can cancel a lease on both sides and nobody looses anyhting. Thanks to the integrated delagation concept, the trust is 100% among the contract partners. In addition to that, I get daily payouts on a blockchain that has 0 transaction costs!
When I look at the second layers architecture of Steem/Hive that allows the creation of new tokens and the easy interaction with the blockchain over json files, I believe that all tools are united to become a new defi leader...
What do we need to bring more #defi to our blockchain?
