Naomi
@afrochicks
guys i have been in crypto for 3 years and things are still TOO complicated please let me test your products and give honest feedback on how to make it at least sound simpler cos i have an actual crypro use case which i know your products can solve but im tired of feeling stupid all the time here 😭
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Naomi
@afrochicks
7. token migration i love degen but dont understand how the migration to solana worked i tried to bridge and gave up also would the price of degen on solana be the same price as on base?
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Joshua Hyde ツ
@jrh3k5.eth
*Theoretically*, the price of DEGEN can and will remain consistent between Base and Solana. HOWEVER, nothing guarantees that they remain consistent - I've seen (a very minority case) of tokens have different values on different chains. It's usually about what the market prefers. If DEGEN folks decided to just abandon the token on a chain (and I have ZERO reason to believe they would do this), the value of DEGEN on that abandoned chain would drop to zero while the other chains would be unaffected (unless the abandonment shook confidence in the entire coin, which could cause the token to drop in value across those chains, too). It's why USDC had a depeg - you were still able to redeem it for 1 USD on places like Coinbase, but confidence in the token was shook by closure of Silverbank, which caused it to depeg on the open market from 1 USD.
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Naomi
@afrochicks
ahhh thanks so much for taking the time to explain!!
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