@PerpetualCow

XMR swaps as well as deposits/withdrawals are BACK ONLINE! Wagyu is back with far better UX than ever. The new infrastructure is a big improvement over what we were using before. Try it out. https://t.co/R4Ljer0Sg0 https://t.co/NtnnL1Vr9v

HIP-4 markets on Hyperliquid have an orderbook UI. That's insane for prediction markets. So I fixed it on Wagyu, it's now Polymarket style. Enjoy. https://t.co/AaShYjE88e

What actually is decentralization? A common criticism I get is that "WAGYU ISN'T DECENTRALIZED!!" Let me clear some things up for you guys. YES WAGYU IS DECENTRALIZED. Wagyu's matching is decentralized on @HyperliquidX, the orderbook and settlement is on-chain. The only aspect that isn't decentralized is the XMR custody. It's the only component that CANNOT be made trustless, Monero has no smart contract layer. You CANNOT lock XMR in a contract on Monero the way you can lock ETH in a contract on Ethereum. The moment XMR enters any programmable environment, the keys have to live off-chain. THERE IS NO OTHER ARCHITECTURE. Nobody calls @aave centralized because it uses $USDC when the rest of the protocol is decentralized. Wagyu uses the same model as every wrapped asset in crypto. $WBTC is custodied by @BitGo Wrapped ETH/SOL on every non-native chain has bridge contracts + permissioned mint authority. $DAI itself markets as decentralized but it has 40-60% of its backing in $USDC plus tokenized RWA making up the rest of it. The "fully decentralized" protocols aren't "fully decentralized" either. All the L2s (@arbitrum, @base, @Optimism) run centralized sequencers. After the @KelpDAO exploit, the Arbitrum Security council froze over 30,000 ETH on Arbitrum, a supposed "decentralized" L2. @LayerZero_Core also assumed to be fully decentralized was compromised by having their RPC nodes hijacked and letting the attackers mint 100,000+ $rsETH. Almost half of active LayerZero OApp contracts were running the same 1/1 config at the time of attack, nobody called LayerZero centralized before that. @aave, @MakerDAO (now @SkyEcosystem), @Uniswap, @LidoFinance all have multisigs that can upgrade contracts or pause everything. You cannot run these protocols safely without one. Perps trading DEXs like @DriftProtocol and even @HyperliquidX all rely on centralized keepers, off-chain matching or both as well as multisigs. Every one of the above markets as decentralized, because every one of them IS decentralized, in the components that matter. If Wagyu isn't good enough, then WHAT IS? The supposedly "pure" XMR alternatives like @bisq_network and @HavenoDEX use 2/3 multisig escrows with a human arbitrator. And more importantly, they can't possibly handle the liquidity/volume that monero:native demands to bring it to the masses. Atomic swaps to XMR exist but they require two online parties with sufficient liquidity to trade P2P and can take hours for a single trade. There will never be a UX that competes with "deposit XMR, trade on orderbook to ETH and withdraw" If Wagyu isn't good enough, then what is? The comparison isn't Wagyu vs some imagined fully-trustless XMR perps platform that doesn't exist and CAN'T EXIST. It's Wagyu vs Binance/Kraken and every centralized instant swap service. Those are FULLY CENTRALIZED with ZERO layers of decentralization. If you can't see that Wagyu is dramatically more decentralized than anything else available on the market, you're delusional. This is the best compromise for XMR to get real liquidity and real volume while keeping the rest of the stack as decentralized as possible. The one component that requires trust is the one component that CANNOT be made trustless. Wagyu is already #2 exchange for XMR after only a few months live with nearly $300m in volume done. By far the best place to trade in and out of XMR right now, and the only one that doesn't require you to hand your coins to a CEX. If you're against Wagyu then you're against the growth of Monero. YES WAGYU IS DECENTRALIZED.

Finalizing migration from https://t.co/kmjiFlmRw0 over to new and improved infrastructure today. Expect temporary downage. Inb4 ragebaiters with reading skills of 3 year old children start spamming “OMG WAGYU RUGGED AGAIN!!” No.. in fact Wagyu is growing faster than I could have foreseen so I was forced to upgrade to better infrastructure and paused operations temporarily. Keep posting your baseless FUD though, I enjoy converting the publicity into users. You losers can’t stand watching Wagyu succeed 😉

Unironically the airdrop he’ll earn from @tradexyz will recoup his loss. Call it net profitable liquidations.