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TheModestThief🎩  pfp
TheModestThief🎩
@thief
Can someone explain why isn't (or can't) Ethena built on Arbitrum (or any other L2s)? The gas fees are atrocious frfr.
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taranis pfp
taranis
@taranis.eth
ethereum is more decentralized, trustless and stable (no sequencer failures). It will not take long before you can bridge liquid staked tokens can be bridged and you can also accumulate points or whatever via L2.
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BraveNewDeFi pfp
BraveNewDeFi
@bravenewdefi
Shared my thoughts below, but Ethena is designed for those with size and requires KYC. Perp markets on CEXes settle on mainnet, so that’s the primary reason. If you want a delta-neutral flatcoin on an L2, check out @flatmoney on @base. Gas fees there are much better. https://warpcast.com/bravenewdefi/0x9b1a20ed
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