Hi everyone, this is your old friend Dafei. Lately, I've been thinking about where this complex technology (@undefined) can truly reach ordinary users. My conclusion is that privacy-focused DeFi is likely its first and most powerful "breakthrough point." This isn't wishful thinking, but a judgment based on the most painful issues currently plaguing DeFi.
How "naked" are you in DeFi right now? Your positions, strategies, stop-loss and take-profit points are all completely exposed on the blockchain, practically handing money to MEV bots and snipers. #plasma provides a perfect "tactical cloak of invisibility." Imagine: you can conduct large-scale exchanges on a DEX built on Plasma, with the transaction path and final price hidden, completely eliminating pre-emptive attacks; you can participate in a lending protocol, with your collateral positions and health factors kept confidential, preventing targeted attacks by malicious liquidators. This isn't just about privacy, but also about fund security and strategy security.
The key here is $XPL. To achieve the above scenarios, the computation and state verification of each privacy transaction consumes $XPL. This means that once a popular privacy-focused DeFi application takes off, the demand for $XPL will be directly linked to DeFi activity. I've observed that @undefined's testnet already has some early DeFi primitives being experimented with, albeit rudimentary, but demonstrating feasibility. The real test lies in attracting top protocols like Uniswap or Aave to use Plasma as an optional privacy layer. If successful, it would be a landmark breakthrough. Of course, this requires Plasma to maintain privacy while achieving transaction costs and latency comparable to traditional DeFi—a tough battle.
@Plasma #Plasma $XPL
{spot}(XPLUSDT)