Content
@
https://onchainsummer.xyz
0 reply
26 recasts
26 reactions
christopher
@christopher
transaction frame survey: 1. do you have Base USDC in your wallet? 2. do you have Base ETH in your wallet? 3. if you didn’t have 1 but had 2, how would you get it? 4. would you quit a transaction frame if you had to think about this swap?
53 replies
0 recast
67 reactions
zack
@labadie.eth
1. No 2. Yes 3. Uniswap 4. Depends. Ideally price is always USD denominated and I can pay with any token.
1 reply
0 recast
1 reaction
christopher
@christopher
this is a really good point, and kinda why i asked: if we can’t do it in USDC, it’s going to be very difficult to convince people to try to participate
1 reply
0 recast
0 reaction
zack
@labadie.eth
Curious why USDC is the default preference. Is the assumption that it’s more commonly held than bETH? Or that people are more likely to make purchases using stablecoins? Personally prefer transacting with network-native tokens
1 reply
0 recast
1 reaction
christopher
@christopher
people don’t spend their money if they can’t reliably predict its price in the future. ETH is up 64% last 1mo. 1. Base ETH is held by more people and is the default transaction currency AND base currency for most wallets. 2. bridging and swapping will costs $50.00~ ($40 to bridge, $7 to swap).
1 reply
0 recast
1 reaction
zack
@labadie.eth
Makes sense, and yet every 1 USDC spent today is a dollar I could’ve spent buying + hodling ETH re: bridging/swapping, it’s way cheaper to do via Coinbase retail app which I’d imagine is where the long tail of users are buying their ETH in the first place
1 reply
0 recast
1 reaction
