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ssor retweeted
Digital identity is the next major catalyst for Web3/DeFi growth. Radix already provides the tools needed to do Web3 identity right.
Discover how the combination of digital assets & digital identity is the key to unlocking the next wave of DeFi growth.
radixdlt.com/blog/radix-the-…
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ssor retweeted
$2M+ lost due to another approval-related vulnerability!
To minimize these risks in the future and regain the trust of their users i can only encourage #Unizen to start looking into other L1 protocols, that are not based on the fundamentally flawed #EVM
Check out @radixdlt $XRD
To Our Valued Community
In light of the recent security incident, we're fully aware of the distress and inconvenience many of you are facing. This is a moment that tests our resilience, but more importantly, it's a call to action for us to stand together and navigate this challenge.
Our team has been working tirelessly to secure our platform and implement measures to prevent such incidents in the future. We're committed to transparency and rectifying the situation to the best of our abilities.
We Need Your Help
To expedite the restoration process for those affected, we've established a dedicated form. This is a crucial step in our comprehensive plan to address your concerns and start the healing process for our community.
What You Need to Do:
Fill out the form: Include essential details such as your wallet address and any relevant information that will help us assess and address your loss.
Stay Informed: We will provide updates as we progress. Your understanding and patience during this period is invaluable.
Our commitment to you is unwavering. Your trust and security are our top priorities, and we're dedicated to restoring both as we move forward.
Thank You
Your support and patience as we work through this together mean the world to us.
We're in this together, and together, we'll emerge stronger.
docs.google.com/forms/d/e/1F…
Let's rebuild, stronger and more secure than ever.
Team unizen
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The #radix ecosystem is super compelling because it looks like it's 5 years ahead of the ethereum ecosystem:
- Smart Accounts
- Sharding
- Native Asset Models
- Formal Intents (Transaction Abstraction) with transaction manifests
- (Alleged) Linear Scaling (Need to do a deep dive into this one)
- Etc
Question is, will it gain adoption before the EF and other EF aligned startups solve these issues with initiatives like Account Abstraction etc?
Thinking forward Radix has most, if not all of of the building blocks ready "today" for future Ethereum initiatives like a 'Decentralised Solver Architecture for Executing Intents'.
This could allow for insane order flow efficiency and healthy MeV on the radix network compared to other chains if enough dApps and protocols are built. And it's problems like these that me and @maugzeth are really interested at looking into on the Radix network @PiersRidyard @lu5st.
Question is can @radixdlt onboard enough user/dev activity and liquidity before lots of Ethereum Foundation verticals solve these problems one at a time to completion?
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I have no doubt Ethereum verticals will eventually integrate all of these features just as well as Radix's enshrined takes on them, if not better.
As rough as the UX is on Ethereum still is now dev/user side, I think Ethereum's infrastructural modularity will eventually be super cohesive.
And when this happens, assuming low velocity progress on the Radix network, Radix will lose it's edge.
Today it's possible to make these awesome marketplaces, imagine the concept of a 'Transient Dapp' or efficiently calculated composable/extractable intents:
1. Without interacting with a specific dApp, users construct a high level intent i.e. (Maybe even in natural language) "Swap A for B for me with maximum slippage, preferred exchanges"
2. Have smart accounts or components sponsor these TXs allowing for mechanisms like executing hidden swaps from a user nominated Non-XRD fungible resources to XRD for the TX if they don't have the native resource.
3. The solvers analyze the current state of various DEXs and LPs.
They identify the most efficient path to execute the token swap, considering factors like price, slippage, and gas fees.
They dynamically compose a series of atomic TXs to perform the swap, potentially across multiple DEXs or liquidity pools etc
4. From the user perspective, even if they didn't have XRD in their wallet, for next to no fees, they were able to execute this swap quickly and for a great price without even spending XRD if they didn't want to.
dApps and wholesome MeV become really competitive in a way that's good for the ecosystem and this all just trickles down to the user who enjoys great UX and low fees. This is just awesome from a user perspective.
Radix's edge lies in its head start in having a really cohesive platform from both the user and dev perspective, but Ethereum's adaptability could overtake it if radix doesn't capitalise and keep moving forward with a great dev community, users and activity.
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Poor guy trying to cash out again and again desperately and unsuccessfully.
Distraught that his house deposit is stuck in shitcoin called Dork Nerd Geek.
How will he tell the wife and kids... :(
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