I am just learning about Centrifuge, this project sounds very exciting as unlike most crypto projects I can see something tangible coming out of this one
As far as I’ve read up until now, Centrifuge is targeting Polkadot, aiming to bid for a Polkadot parachain when these become available. Although Polkadot has test networks, people say that Kusama is the “real” testbed for Polkadot apps because it has the same parachain auction mechanisms as Polkadot, as well as actual economic dynamics (real KSM has value unlike testnet DOT). In other words, the standard deployment path for Polkadot apps envisioned by the creators of Polkadot is to deploy on Kusama first.
Is a Kusama deployment also a possibility for Centrifuge?
You are making a lot of sense.
I am guessing Centrifuge will launch on Kusama first. Seems likely but I have no idea. I would love to hear from the team. Also I would like to know what quarter the Rad tokens will be released to exchanges?
I listened to the community call below, in which it is stated that Kusama is not in the current plans, but it was not categorically no.
However the argument presented made sense to me: it would probably be complicated to have pools which span multiple networks, and having some pools on Kusama and others on Polkadot may also be undesirable.
Yes, you are right, for now it’s just not a big focus - splitting liquidity across chains is hard and there’s a lot of extra overhad. Our vision for cross-chain DeFi is actually that these tokens can move between chains very easily anway, so Asset Originators who use Tinlake on our parachain on Polkadot can still bridge their DROP & TIN tokens to Kusama via a bridge where users can then buy and hold them.
Thank you for this explanation. Indeed the whole point of Polkadot/Kusama is chain interop. An interesting consequence may be that these tokens will probably be traded on Kusama first, since that is where the earliest parachains (and hence exchanges) will be, correct?
@FBX yes it would. We are looking into making this happen soon. So far the timeline is not super clear on KSM but as it will be we hopefully have something to share
That’s amazing news! Would love to see Centrifuge join the Polkadot trailblazers on Kusama… Major projects like Acala / Karura, Plasm / Shiden, ChainX / SherpaX and Kilt would most definitely be great company for Centrifuge on Kusama.
Whirlpool would be a great name for the sister network.
$WHIRL $POOL $SPIN $FORCE would be interesting token names🔮
The use case of centrifuge has a better fit to polkadot if you ask me. Polkadot being more stable in terms of governance is more suited for applications like Tinlake.
All those projects leasing slots on polkadot and kusama with effectively the same parachain seems like a great idea since you save costs building the code and applying it twice to separate networks. But I think it’s smarter to focus on one parachain and get actual adoption on the netwerk. Tinlake has been doing great and showing great potential it would be a waste to split up the adoption.
Right now the market is crazy, imagine in a few months the crypto market crashing. Meaning getting additional funding is harder.
To sum it all up, right now the market is hot and putting as many chains on whatever seems like a great idea. But actually I believe focussing your adoption, effort and money on one chain is way smarter.
