Just this morning I posted about a new company in Chia who is developing a Decentralized Exchange, and then today we get reddit posts and keybase chatter about a new DeX running in Alpha – Tsunami. Tsunami is being developed by the same team as the Goby browser extension wallet, which makes sense. It sounds like this team is serious about building a real DeFi ecosystem in Chia with a proper DeFi wallet and now a DeX both in development.
Having no experience in Decentralized Finance I am unsure how this looks compared to the non-Chia options out there, but I did read the readme available at Github and it sounds like the developer really does have a long term vision for how his DeX will work and why it needs Chia.
This is excellent news for the Chia community, and its amazing how quickly things are moving in 2022 already. Not even a whole business day into the new year and we have two separate Chia based DeFi companies making news. This is what the Chia ecosystem needs in order to compete with the existing smart chains – a reason for anyone not farming to care.
I plan on tasking our resident trader with figuring out how this stuff works and getting him to write a more detailed exploration on Tsunami, as well as hash.green. I am deeply interested in how this stuff works, but don’t have nearly the background to judge how well it does. I do think everyone, especially Chia Network, should be paying close attention to these teams and the Goby/Tsunami combo is another one that the Chia Cultivation Grant seems perfect for.