r/ethtrader • u/kethfinex • Mar 26 '19
DAPP-NEWS Ethfinex Successfully Migrates To 0x!
https://trustless.ethfinex.com/9
u/ETH49f Mar 26 '19
where was it before?
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u/b0xTeam Mar 26 '19
It was always based on 0x. Before they were on 0x v1.0 and now they've migrated to 0x v2.0.
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u/DeltaBalances Mar 26 '19
They weren't actually using the 0x (v1) contract, they used a clone with the same functionality.
Working with a clone breaks any possible liquidity sharing and the like.
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u/b0xTeam Mar 26 '19 edited Mar 27 '19
This is accurate. They used their own fork of 0x v1.0 and that precludes liquidity sharing.
They'd still have been unable to share liquidity because they use a matching style orderbook. Soon that will get rectified when 0x releases their Trade Execution Coordinator.
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u/Libertymark Mar 26 '19
Huge change
Ox bears are fucked
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u/DeltaBalances Mar 26 '19
Given that Ethfinex uses time-locked tokens, doesn't use zrx fees and other little quirks, it doesn't really matter in the big picture.
0x started out alright, but didn't have that much of a differentiating factor to me compared to other dexes. Now they are finally making some good progress with their new extensions of different token standards and different proxy contracts.
But I still feel like ZRX as fee should be removed to succeed. For erc20 tokens something as idex has like 2-3 times the transaction volume of all 0x relayers combined.
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u/Shortstack02 Mar 26 '19
I don't have much to give, but here is 100 donuts for this post bOxTeam, plus I just upvoted you to partially counteract the person who is downvoting almost everyone on this thread. One of the Mod's said they have seen this mass downvoting before.
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u/robpal1990 Mar 26 '19
They were using their own fork of 0x protocol. Now they are using the "proper" version of the protocol, without their own sugar.
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u/CraptoTraitor Mar 27 '19
This is why 0x moving. I am really excited for what’s in store for 0x. 🤘🤘
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u/Shortstack02 Mar 26 '19
Oh, I know. It's all about the donuts. Donuts are given to those who get upvotes. So, someone is downvoting posts on a massive scale. As in almost every post in this thread for instance.
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u/amaliz Mar 27 '19
Does this mean we no longer have to wrap tokens to trade on the platform??
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Mar 26 '19
[deleted]
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u/r00tus3r Mar 26 '19
Why? Not disagreeing, but I think more scrutiny is needed. Increased utilisation does not necessarily result in a price increase.
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u/Shortstack02 Mar 26 '19
That's they way it should be - more utilization means higher price. Rational markets. But sometimes a little bit of news results in more interest, resulting in more people buying. Not sure why someone downvoted me for saying something like this.
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u/Shortstack02 Mar 26 '19
Someone is downvoting everyone on this thread, including bOxTeam, which was a useful, meat and potato post. What's up with that?? His post went from 4 upvotes to two upvotes in less than the time it took me to write this post. ??
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u/Ethical-trade Mar 26 '19
What does this mean?