Altcoin Report - April 2020

Note: this report is accurate as of its publication but some details will change over time. Please check the posted date above.

Crypto markets suffer from two problems.

First, prices slip when you move from one token to another or from one exchange to another. Sometimes from the time-cost of transferring assets to another platform, sometimes from the long wait for on-chain settlement, and sometimes from market volatility or even just different price quotes.

Second, DeFi projects need permissionless token swaps among cryptocurrencies that often have big differences in liquidity. In other words, the range of products is limited by the depth of the cryptocurrency’s market. Selling 100 bitcoins for EIDOO will barely move the bitcoin market, but it will probably send EIDOO’s price soaring. For this reason, EIDOO will not make it onto any DeFi platforms—and even if it did, few would take the risk of staking its tokens as collateral.

While there are a few projects trying to address one of those two problems, I know of only one that has a way to solve both at once:

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