CØSMOS interchain, ... or not.

A tale of 3 DEXen on CØSMOS interchain.

I want to swap $axlUSDC on @TeamKujira to $ATOM on @cosmos. Is that too much to ask?

Apparently it is.

Let's look at three DEXen: how they don't fill this simple request.

THIS IS CØSMOS _INTER_CHAIN and we can't even swap between zones.

1. @tfm_com.

A small problem, or two:

1. TFM doesn't recognize $axlUSDC on @TeamKujira.
2. So, I use $USK? NUPE! TFM doesn't swap $USK to $ATOM, neither to @cosmos nor to @osmosiszone.

So, ... not so small problems. Not small at all. 

2. @Manta_DAO

Neat! These guys block me. For reasons I do not know.

Let's talk about there interchain swap.

It doesn't exist.

Let's talk about their swap.

It's ... 'better' than swapping directly on @TeamKujira FIN, ... for neophytes, but is it the best swap?

NUPE!

Let's look more closely at the @Manta_DAO swap.

It's straight-up axlUSDC/ATOM, so, if you went to @TeamKujira FIN and did this manually, you'd get the same result?

NUPE!

They charge you a percentage for doing the swap for you, in this case: 0.02 $ATOM.

Now, you may counter-argue: "But, geophf! I stake $MNTA! I get fees back in staking yields!"

No, you don't. You get 5% back, and NOT 5% of the fees, that's 5% for 100% of ALL $MNTA stakers.

You don't stake 100% of all the $MNTA in the world, do you?

No, the protocol owners do.

But, realistically, how much money do you make?

The only money I've ever made staking, so far, is on @harmonyprotocol, staking $ONE.

I did stake A LOT of $ONE. 😅

And that's what you need to do: you need to be another @SumoKuji, THEN you make money on OTHER PEOPLE's SWAPS.

So, @Manta_DAO has fees that make it subpar to FIN, but then, it's not even the best swap, not by a long shot.

@TeamKujira FIN is fundamentally better, every single limit order, but then:

3. @osmosiszone is best, beating out both FIN and Manta.

But @osmosiszone is a DEX, it's not interchain, it's ... pseudo-interchain. It's quasi-interchain.

It takes 4 transfers, onto and off of @osmosiszone to $ATOM-ify $axlUSDC from @TeamKujira, as this tweet-in-🧵demonstrates. 

How, utterly, tiresome!

Conclusion: a call.

Now, looking at this 🧵, you may think I have a beef with one or all of these DEXen.

I don't. Each one provides a service/fills a need in the community in their respective ways.

I do have a request to CØSMOS BUIDL'rs.

Really? This is what one must do to swap between zones?

Until moving and trading liquidity is SEAMLESS, TRANSPARENT, and AUTOMATIC, that is: as easy as making a credit card purchase, then adoption will NOT go mainstream, but will continue to remain fringe.

Fringe: that 1% of us weirdos, nerds, geeks, and (supa)freaks.

Think about it