02-10-2022, 08:27 AM
Terra x NEAR protocol compatibility as roadmap for future cross chain collaboration
<!-- SC_OFF --><div class="md"><p>Hey everyone, had some questions about the ability for chains to collaborate versus compete. Im a NEAR shill at heart, but developments on the chain have made me curious about the long term vision for L1 competition. </p> <p>NEAR and terra basically have allowed one another to make UST and NEAR pools, which allows a lot of new farming pools to be made and thus generates more revenue for the DEXs that host it. This kind of symbiotic collaboration seems indicative of hope for a decentralized future. </p> <p>Yes, we are currently going through a bearish market, but when it snaps back, it will snap back hard. As more and more value is added to crypto overtime, and big companies like Tesla, Microsoft, and JP Morgan are secretly diamond handing a LOT of assets.</p> <p>Right now the current atmosphere of decentralized, web3 projects are cooperating very well and making communities that can work together. Im basically terrified of JP Morgan coin of hitting a 50 billion dollar market cap and then just destroying the progress people are making, especially on the defi side of crypto.</p> <p>So, I ask, what safeguards are there against this kind of market domination or manipulation that could take place as the incentive to corner the market increases daily? Is it just the sheer money in crypto or is it too deregulated right now for major players? Whats to stop new regulations from crushing the autonomy we have fought to earn?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Mediocre-Series4505"> /u/Mediocre-Series4505 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/sotsiq/terra_x_near_protocol_compatibility_as_roadmap/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/sotsiq/terra_x_near_protocol_compatibility_as_roadmap/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Hey everyone, had some questions about the ability for chains to collaborate versus compete. Im a NEAR shill at heart, but developments on the chain have made me curious about the long term vision for L1 competition. </p> <p>NEAR and terra basically have allowed one another to make UST and NEAR pools, which allows a lot of new farming pools to be made and thus generates more revenue for the DEXs that host it. This kind of symbiotic collaboration seems indicative of hope for a decentralized future. </p> <p>Yes, we are currently going through a bearish market, but when it snaps back, it will snap back hard. As more and more value is added to crypto overtime, and big companies like Tesla, Microsoft, and JP Morgan are secretly diamond handing a LOT of assets.</p> <p>Right now the current atmosphere of decentralized, web3 projects are cooperating very well and making communities that can work together. Im basically terrified of JP Morgan coin of hitting a 50 billion dollar market cap and then just destroying the progress people are making, especially on the defi side of crypto.</p> <p>So, I ask, what safeguards are there against this kind of market domination or manipulation that could take place as the incentive to corner the market increases daily? Is it just the sheer money in crypto or is it too deregulated right now for major players? Whats to stop new regulations from crushing the autonomy we have fought to earn?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Mediocre-Series4505"> /u/Mediocre-Series4505 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/sotsiq/terra_x_near_protocol_compatibility_as_roadmap/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/sotsiq/terra_x_near_protocol_compatibility_as_roadmap/">[comments]</a></span>Kind Regards R