For the very first time, an exlusive talk with KillSwitch’s CEO and Special guest
Developers adaptation to the “Layer 2 Optimistic Roll Up”
Since layer 1 was overflowing with users, layer 2 is needed to support those users. When users can’t handle the slow speed and fee of the transactions , people will move to layer 2 , making developers improve dapp on layer 2 as well.
For example the “Ethereum Mainnet”, their current system is unable to support anymore more than it is currently doing. Therefore users are finding other “chains”. Another latest example , the “Binance Smart Chain” that was unable to withstand the overflowing number of transactions causing the system to overload which ended up with users having to top up their gas fees.
“ In my opinion, even if the developers migrate to another new and remarkable chain, at some point, there ought to be an overflow in number of users. In the end, that new chain will need to establish Layer 2 to counter the issue with scalability in order to amass the number of users.”
Adaptation of Crypto Traders in the Bear Market
Traders must have the ability to answer themselves the following questions: “ Am I trading short term, medium term or long term?” as well as understanding the roadmap , value creation and the price of the token that the traders are about to invest in. Bear in mind, during the bear market, DeFi products that didn’t create any value. The prices will definitely decrease before others.
More importantly, ‘Money Management’ is a priority. Spreading the investing risks in both Decentralized and Centralized finance.
News update on Dopple.finance from CEO
Dopple has been operating for 6–7 weeks , starting off as a stable coin exchange.
“ From my point of view , when exchanging tokens, there is a high transaction fee, so I want to create a product that tackles that issue on Binance Smart Chain”
Dopple has issued a stable token of its own called “Dolly”. Dolly is used to match with other stable coins to make the price steady.
The team’s next plan is to create a synthetic stock Market on Binance Smart Chain to support in case of emergence of the bear market, so users won’t have to look for chances to invest elsewhere.
KillSwitch’s uniqueness
KillSwitch is a smart yield farming aggregator similar to Beefy , Autofarm or Alpha Homora. KillSwitch aims to be a tool for every trader. Our first few features for trials are as follow:
- One-Click Stake: a single click to swap tokens, provide liquidity and stake tokens.
- Auto Compound: A claim reward and reinvest system for investors , to cut time wasted in clicking “compound” for every farming activity.
- Kill Position: a single click to unstake , withdraw liquidity and swap tokens to be BNB or BUSD.
The next plan is to establish a “Take profit & Stop Loss / Limit Order” to allow users to set their entry or exit point by themselves without having to check the graph constantly.
KillSwitch Auction
On the 28th , there will be an auction of shirts and other merchandise for KillSwitch Fanclubs. We will be auctioning through Smart Contract along with an explanation on content creation in case anyone is interested increating an Auction Smart Contact.
#KillSwitch #EasyFarmEasyLifewithKillSwitch
