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1 popular DEX is becoming more like a centralized exchange but worst actually

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by COINS NEWS 92 Views

Note I'm a Thorchain RUNE holder.

I really love the use case of this project. They are building cross chain native swaps between BTC, ETH, LTC and a few other top alts.

I believe DEXes should be the future considering all the CEX collapse stories like FTX and Quadriga CX.

Fees and execution wise on Thorchain are not really comparable or ideal to a CEX. Swapping on Thorchain DEX can be much slower and expensive. I think these are still acceptable and understandable.

What is really frustrating now is that the DEX is becoming more like a centralized entity but worst. Once in awhile, swapping can pause for some time.

At the moment, the AVAX chain has been paused for a few weeks. I feel concerned for some of the holders who may have their funds stucked in the LP.

I hope that Thorchain can resolve and unhalt the AVAX chain as quickly as possible. I hope that they can improve and achieve near maximum uptime. Otherwise, the purpose of the DEX is broken.

Current or ex RUNE holders, what are your thoughts ?Note I'm a Thorchain RUNE holder.

Edit: Removed duplicate passages

submitted by /u/DPSK7878
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