Hey Everyone,
Welcome to this week's edition of the DEXTF Newsletter!
You can follow the community conversations on Discord, Telegram, Twitter, and Reddit!
DEXTF updates
DEXTF v2 roadmap has been published. The release will be staggered starting with UI release, fund migrations to v2, and finally the rebalancing feature activation pending security audit completion
Meanwhile, DEXTF continues to attract smart money to deploy expertise and capital in a totally transparent and permissionless environment
In case you missed the AMA on the green bitcoin (GBTC) here is a full transcript for a curious read
Also, DEXTF is hiring! If you think this is you, reach out to us. DMs are open.
Portfolio Metrics
[As of 11th Jun 2021].
Please refer to the DEXTF website for the latest APRs:
DEXTF/ETH is offering 75% APR
XTF/DEXTF is offering 120% APR
You can also earn $DEXTF by providing liquidity on Uniswap (29.6K tokens daily) or investing in any of the XTF funds (12K tokens daily)
Current TVL is US$ 3.2M (refer to DeFi Pulse)
You can invest by buying on Uniswap or on the DEXTF app
Here’s a quick guide on how to buy
Concept of the Week
⚖️ Layer-2 vs sidechains
If you have gone on Coingecko.com you’ll probably have encountered quite a few projects marketing themselves as L2s when they’re actually sidechains.
A straight-to-the-point distinction would be that L2s rely on L1 security, while sidechains have their own set of security properties. Both solutions aim to achieve scalability over the main chain (L1), namely transaction throughput.
A simple but effective example of how an L2 differs from a sidechain is the different outcomes from a 51% attack.
Assuming you had some tokens in L2 if the attack occurred but the main chain is still working as intended, there’s no way that the hacker is able to convert those tokens back to L1.
However, in the case of a sidechain, such an attack results in a guaranteed loss of funds as the security properties are specific to the sidechain itself.
Here’s are some resources for absolute beginners if you want to learn more about L2s:
https://gourmetcrypto.substack.com/p/layer-2-for-beginners
And that's it for this week! See you next week.
Semper Fortis
DEXTF Team