A Thesis on Ref 2.0 as a Chain Abstracted DEX
In the ever-evolving landscape of decentralized exchanges (DEX), the recent surge in interest surrounding Chainflip has prompted a closer examination of the multichain DEX space. However, a game-changing player has stepped into the spotlight: NEAR Protocol, boasting a revolutionary Chain Abstraction technology that promises to redefine the multichain DEX experience. Let's dive into a comparative analysis with existing multichain DEXs such as Chainflip and explore the promising potential of Ref 2.0's multichain evolution.
A brief look into Chainflip
In Chainflip's design, validators play a crucial role in supporting multichain functionality within the decentralized exchange. Their primary tasks involve maintaining the state chain's consensus and interacting with distributed vaults off-cha...