Rob Sanchez
@robrecht
i'm regularly surprised about what kind of an echo chamber i live in when it comes to my usage of crypto products, i know eth mainnet and tron had big stablecoin presence but still would have expected base to score way higher
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SVVVG3
@svvvg3.eth
But why are they still on mainnet with so many cheaper options to transact with? That’s crazy to me
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six
@six
defi is still primarily on mainnet, most people are not transacting regularly like payments or transfers or trades, they are using it for yield farming or as collateral for loans or something mainnet also just way more old and mature, 7+ year head start over L2s, lots of TVL to be built up over that time
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SVVVG3
@svvvg3.eth
But when yield farming, you still have to claim the yield, right? Why would they not transition over to an L2 to save on those claim fees? Is it just a lack of knowledge of L2s? Or is their better yield on mainnet that I’m unaware of?
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Stuart
@olystuart
I think it's just that it's big money. Institutional wallets, whales, funds. The fees on mainnet are no problem at scale, worth it for security.
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six
@six
there's not really that many transactions, you're just parking your stables there and letting it accrue, also gas on mainnet is super low now anyways lot of whales also don't want to hold size on L2s because of centralization risk, and the protocols on L2s are not as mature/battle tested so people might not be comfortable w that either etc. there's prob not like a "real" issue but if you think about the archetype of the ethereum defi OG, they would much rather just keep doing what they're doing then move over all their assets to new chain, new protocols etc.
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