Magi: the magic that we needed
The first time I hear about Magi my first thought was, How will they do that?
In their own words:
Real Bitcoin in decentralized TSS managed vaults. No wrapped tokens. No centralized bridges. A DEX that actually works the way DeFi was supposed to.
I was sceptical about the need for it, until I use it. My first contact was through okinoko.io and it lottery script. It make easy participate and even create a lottery yourself, and that I did.
I had this idea back in my main and I deploy it there, the Hive Powerball Lottery now is live in the @magi.network helping the ecosystem burning 15% of the Hive collected.
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After that come in the Bitcoin pool, and for me that was the bond between Hive and Bitcoin that I wanted. So I start to feed the HBD:BTC pool. When others crypto that I like (for example BCH) come in I will put liquidity there too.
With Magi alive now is easy to swap for Bitcoin with lower fees, non-KYC requirements and no third party dependece. You can now earn in Hive and invest in BTC with just two steps.
And when other crypto be added a real native cross-chain swaps will be avaiable for all of us.
Of course, the Magi Network had smart contracts, NFTs, token deployment, etc. so if you are a project or a lover of this kind of products and options you are set to explore and develop.
And that is the best way of understand @magi.network and decide if is for you or not, trying it.
If you do, please come back and comment what was your impression.
Also, you can support the network upvoting this proposal