As much as I love DEXes and I believe they will eventually take away most of the CEX operations, they are still not close to mass adoption.
With all the power given by decentralization and self-custody, they imply a certain level of responsibility most people are not accustomed to in the financial products they use in TradFi. On top of that, every once in a while, you get to "What now?" sort of moments, when you seem blocked or without solutions, or you need to research a lot before you find a way out.
I still wonder if the majority of people will ever be interested in taking control into their own hands. Delegating responsibility makes things seem easy. And in some cases, that's the right thing to do. But is it so when your assets are managed or in a fractional reserves system and your ROI or even safety of investments compared to the profit / safety of the investment firm / bank are put in balance, and you come up on the short side? Not to mention all the delays, requests of additional paperwork and so on, that a bank may subject you to, to give you access to your own money. When that happens, I bet everyone would love to have full unrestricted access to their own wallet.
A few days ago I added another small amount to the LEO-CACAO pool on Maya. Or I tried. I'm not sure exactly what happened, if it was an error somewhere or I forgot to sign a second transaction to add the CACAO, but the end result was that I funded only the LEO side of the pool and not the CACAO side. And the new position remained as pending, waiting for me to add the CACAO tokens.
Despite different attempts to fund CACAO to the pending position from different interfaces, that didn't work.
What eventually worked (but strangely, not before I removed the existing full LEO-CACAO position), was to remove the pending position, and then re-add the entire LEO-CACAO position.
I want to say I don't have complaints regarding the LeoDex interface in this respect. Even though I couldn't withdraw my pending position from LeoDex (nor add it, for that matter), I can see progress on the interface from week to week. Some of the interfaces that are above LeoDex in swap fees don't even bother implementing liquidity pools yet, only swaps, which seem way simpler to manage and generate income for the respective interfaces (unlike LPs?). But having a feature rich interface will eventually make LeoDex stand out because let's be honest, there's room! None of the Maya interfaces are light years away.
On DEXes, we might still get to some strange situations. When fees are low, almost no harm done, maybe some time wasted researching, but if you need to pay extra transactions on something like Ethereum or Bitcoin to find a workaround, they start becoming expensive. Well, time is expensive too, so it would be perfect if alternatives could be found without searching for too long.
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Posted Using InLeo Alpha
