I stated it clearly in the first post that I believe a lack of Native token will hold the network back, so I want to see it ASAP & discussing possible ways forward could help with that.
Yes, I asked this very question in the first post.
I feel bi-directional is better, but it will also probably be more complicated, and if one-way Bridge is economically viable (i.e. diverging price of Native vs ERC20 isn’t a problem), then it’s well worth considering, and is what Bux hinted at previously.
In addition to being better at keeping Native & ERC20 ANT at the same price, 2-way means people will be able to take Native ANT and move them off-network to store safely in a hardware wallet, to sell on an exchange, or borrow against on a defi protocol. I don’t think these things would be possible with a one-way bridge, and add value to the ecosystem.
This is also part of the reason I’m interested in a 2-way vs 1 way bridge; it would allow USDC / Wrapped BTC, ETH etc etc to also be bridged to Autonomi, which would allow a DEX to run on Autonomi.
If you could somehow do a DEX without 2-way bridging, and set up a market for ERC20 ANT / Native ANT, it would indeed make a smoother path for a 1-way ANT process to work.
A centralised bridge like what happened with eMAID via alt.co would probably be the fastest way to do it, but I doubt many people would want to go that route due to the required trust, KYC,and centralisation.
Yes, that would be a key challenge. I know DAGs aren’t well thought of, but I wonder if there were 1 mini-DAG per burn/mint event, it would prevent them getting unwieldy vs having one massive DAG for all Native ANT?