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RE: "Wrapped" Tokens are the Future?

in LeoFinance4 years ago

I think wrapped tokens and re-minitng on other chains are a natural progression and a bridge to future interoperability. Additionally, once we have more reliable oracle data too we'll be able to see easier swaps between chains without the need for exchanges but it can be done in your wallet for example. Exchanging value between chains is going to make for some really interesting applications and unlock a lot of value that was stuck in one ecosystem

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"... are a natural progression and a bridge to future interoperability.'

Perhaps @chekohler. As stated in this post, I have lived through the consequences of far less than optimum solutions being implemented, even as a "temporary" measure, that take on a life of their own. More than once ... They can become remarkably hard to "kill" and it is invariably the "front line troops" who have to deal with the consequences. In the case of this approach to taking advantage of the opportunities in DeFi, that would be us ...

No matter what our perspective, we can all presumably agree the technical challenges faced are bewilderingly complex. Given what the potential is, however, once the problems of interoperability are solved, I would imagine the "best and brightest" are working on it.

Thanks for stopping by!

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Absolutely, some of these things we see now may be sub-par but they become so adopted that it doesn't matter.

I also think it makes chains and dapps even more robust because you don't even have single-chain issues that can slow down a project, and provides bridges between people who love using one chain over another

As long as there is a free and unrestrained "marketplace of ideas," I think you and I will experience the benefits of those who are facing these challenges squarely and come up with truly inspired solutions to them. Perhaps in ways not yet even conceived.

With you and others, looking forward to finding out!

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