Today I want to get your feedback on the idea of the great migration. What that basically means is that we are becoming multi chain species. The ETH is great for security but let’s be honest, the gas fees are killing the innovation vibe. Even simple DEX operations quite often cost the daily wage of an average human worker.
However, we see the solution in sight and its called L2 & L1 Scaling. In our case we have set eyes on Polygon which is where our first supported project DeFi Options decided to live (and farm hopefully xD).
The reason why we want to pursue the idea is to bring a bit of life into the project. Checking up daily on a a project and doing some actions is a great way how to get engaged and attract new members.
This doesn’t have to mean that our liquidity pool is going to completely move from Uniswap to QuickSwap, Pangolin or PancakeSwap. In fact we are more interested just to have an infrastructure working group which pursues establishing bridging between different chains.
How the success looks like?
In my view success means that on any given day an average Shiner has a reason to check on ShineDAO web app and potentially perform some fun or useful activity. That can be yield farming, proposing new tasks, staking or even playing some luck or skill based games. Unfortunately, due to the high gas cost this is hardly viable on the main net.
Attention is a scarce resource, in the digital as well as the DeFi world. By providing some services that are useful in some sense to the user we capturing the attention of the people and aligning interests of all the shiners and all the projects that we support.
Example idea for some fun activity that we could do on a cheaper chain would be an idea of a knowledge quiz. Every day we could have incentivized learning about the projects that we support and if you are right you can get rewarded.
Let me know what do you think! Especially valuable feedback would be from the people who are already living the multi-chain life