This video was really helpful. What stands out to me is how user-friendly the WanBridge is. I think we'll see Wanchain making many more connections in this space. Looking forward to those upcoming interviews!
Yes I liked that one. Not too much risk with stable assets and potential impermanent loss. You do have to keep in mind that Djed is an algorithmic stable coin and can depeg, and the bridge can be hacked and lose all its wrapped asset value. Lots of things can happen still.
Circle is a WEF strategic partner who's ultimate goal is for USDC to become a CBDC. They have already frozen funds and blocked transactions. I'm NEVER touching USDC.
Thats fine. It's not for everyone. Just know that wrapped USDC on Cardano at the moment can not be seized or frozen as it acts as a native Cardano asset. Your asset your control.
To get listed on top tier exchanges it will cost upward of $500,000 plus you need to provide liquidity for market makers. If Wanchain doesn't have that kind of cash to spare then it won't do it. Also timing of listings is important. If you list at a bad time, e.g now, you will find more tokens leaving and being sold off than coming in which is overall bad for the project.
Thanks for this information. Can one not just buy, exchange ADA on MusliSwap into USDC or USDM? Can one only get USDC on ADA through WAN chain? And how is it with USDM?
You can simply just trade for it, but we need more people moving the USD from external sources to Cardano overall. Whether it is via USDM, USDC or USDT, bridged or native, we need it all moving from fiat to stables on Cardano.
I’m on the pessimistic side. I doubt it will bring more liquidity in. Who will bring it over? All those people that think there is nothing happening on Cardano? ETH and BTC maxis? Need to change peoples minds and perspective on Cardano along opening up doors.
I had to hop through a lot of steps as I didn't have much assets on the origin chains that Wanchain connect with. I have to admit, it isn't the smoothest process but using Wanchain alone to move to Cardano is super easy and fast.
I'm wondering if this means that bridged USDC can't be frozen until the bridge releases it back to the source network... or perhaps Wanchain can't redeem the locked tokens until they're unfrozen on the source network.
Bridged USDC on Cardano can't be frozen as its a native asset. USDC that is bridged back may not be frozen as its a fungible token, which USDC is which? It would require strict monitoring and tracking from source chain to destination chains to work out which wallet is interacting with what USDC to lock and freeze.
Why do people want centralised stuff if point of crypto and Cardano especially is to remain decentralized? Makes no sense to push towards same situation which is the problem with the control under central banks.
We need Native USDC and also EVM for the comming bullrun or Cardano wil be very disapointing all the investers....... I Don't like that Hokus Pokus with a Bridge!
I've been using Wanchain for a long time, and it's definitely the best crypto bridge on the market!
It is a great bridge. The new upgrades have made it better too.
This video was really helpful. What stands out to me is how user-friendly the WanBridge is. I think we'll see Wanchain making many more connections in this space. Looking forward to those upcoming interviews!
Yes they are. I've been pushing for them to make Cardano and Polkadot more connected and it will come into play really soon
very useful!, thanks buddy!.
No worries. Thanks for being a member here
Great video! Thank you 👑
great, thank you
More of "how to" is what I like to see. Thanks
Yeh I enjoy making the How To style videos.
👍
thanks Greger
Nice farming strategy
Yes I liked that one. Not too much risk with stable assets and potential impermanent loss. You do have to keep in mind that Djed is an algorithmic stable coin and can depeg, and the bridge can be hacked and lose all its wrapped asset value. Lots of things can happen still.
Dope!
Indeed
🔥🔥🔥
Boom
Circle is a WEF strategic partner who's ultimate goal is for USDC to become a CBDC. They have already frozen funds and blocked transactions. I'm NEVER touching USDC.
Thats fine.
It's not for everyone. Just know that wrapped USDC on Cardano at the moment can not be seized or frozen as it acts as a native Cardano asset. Your asset your control.
Would be really great to see wan coin in other exchanges . Like kraken, bybit, ox …… just asking why not and why don’t they do it ?
To get listed on top tier exchanges it will cost upward of $500,000 plus you need to provide liquidity for market makers. If Wanchain doesn't have that kind of cash to spare then it won't do it. Also timing of listings is important. If you list at a bad time, e.g now, you will find more tokens leaving and being sold off than coming in which is overall bad for the project.
Thanks for this information. Can one not just buy, exchange ADA on MusliSwap into USDC or USDM? Can one only get USDC on ADA through WAN chain? And how is it with USDM?
You can simply just trade for it, but we need more people moving the USD from external sources to Cardano overall. Whether it is via USDM, USDC or USDT, bridged or native, we need it all moving from fiat to stables on Cardano.
@@LearnCardano Thanks, I understand!
Why not vote on paying CIRCLE after the Chang hard fork?
It's possible, but would there be enough consensus from the community to vote in to pay Circle to implement, AND what is that amount required?
@@LearnCardano agreed, the rumor was 10 million dollars at one point. A bit of a fleecing but perhaps major ROI.
I’m on the pessimistic side. I doubt it will bring more liquidity in. Who will bring it over? All those people that think there is nothing happening on Cardano? ETH and BTC maxis? Need to change peoples minds and perspective on Cardano along opening up doors.
This is a great video. But one can tell that it’s still too many steps for most people to do ……let alone understand.
I had to hop through a lot of steps as I didn't have much assets on the origin chains that Wanchain connect with. I have to admit, it isn't the smoothest process but using Wanchain alone to move to Cardano is super easy and fast.
I'm wondering if this means that bridged USDC can't be frozen until the bridge releases it back to the source network... or perhaps Wanchain can't redeem the locked tokens until they're unfrozen on the source network.
Bridged USDC on Cardano can't be frozen as its a native asset.
USDC that is bridged back may not be frozen as its a fungible token, which USDC is which? It would require strict monitoring and tracking from source chain to destination chains to work out which wallet is interacting with what USDC to lock and freeze.
DCA ADA
all the way
Why do people want centralised stuff if point of crypto and Cardano especially is to remain decentralized?
Makes no sense to push towards same situation which is the problem with the control under central banks.
We’re in a in between place no where both worlds need to exist. We need interconnectivity between the two worlds as neither are going away.
We need Native USDC and also EVM for the comming bullrun or Cardano wil be very disapointing all the investers....... I Don't like that Hokus Pokus with a Bridge!
Why do we need it?
And what is required to bring native USDC on chain?
@@LearnCardano Why?...... Because I like pancakes!
I don’t see how that relates but sure
@@LearnCardano Well many many investers begging for USDC and you know damn well WHY ...
Why would I not just deposit it into Liqwid for over 30% APR?
30%!!!!???! Dang. I’m there. I honestly forget
Ada to the moon!
Or Mars
How is it with the look up period with these stable coins pools? Can one get out all the time?
There is no lock up period on this LP
Oww this is for the Cardano Chearleaders only channel
I talk about side chains, roll ups, cross-chain, bridges and cross blockchain interoperability too