Having a safe CEX: proof of solvency and beyond

This page summarizes the projects mentioned and recommended in the original post on news.ycombinator.com

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  • v3-core

    🦄 🦄 🦄 Core smart contracts of Uniswap v3

  • We already have functional, audited, open source DEXes and have had them for years now.

    Uniswap was the first well-done AMM (automated market maker) design. It's on version 3 now, and has traded more than $1.2 trillion in volume: https://uniswap.org/

    The smart contracts are posted here: https://github.com/Uniswap/v3-core and can be viewed directly onchain as well: https://etherscan.io/address/0x68b3465833fb72a70ecdf485e0e4c...

    FTX was primarily used for perpetuals trading, which is a type of leveraged derivative product. Popular decentralized perp products include:

  • rainbow

    🌈‒ the Ethereum wallet that lives in your pocket

  • > Saying “we’ll make it easier to host your own coins” is a bit like saying “we’ll solve the #1 problem with mass crypto adoption”.

    Sure, I mean, we're still in the "dial-up era" of crypto and a big part of that is wallet UX. But if you're following the space closely, you can see there's been some solid efforts on that front.

    Rainbow Wallet (https://rainbow.me/) is an iOS & Android wallet that backs up your private keys to iCloud/Google cloud. I think for smaller sums of money and valuables, this is a pretty good solution.

    Argent (https://www.argent.xyz/) is a smart contract wallet that has a "social recovery" feature that allows you to delegate account recovery to a circle of trusted parties.

    Gnosis Safe (https://gnosis-safe.io/) is another smart contract wallet that many DAOs use for treasury management, which allows for arbitrary multisig settings to be configured (like requiring 3 out of 5 signers or what have you).

    Some of these still need work on UX, but the core tech is there. Another factor is blockchain fees. Layer 2s like Arbitrum (https://arbitrum.io/) and Starkware (https://starkware.co/) have already dramatically reduced fees (by as much as 10-20x and will likely get to 1000x reduction by the end of the decade).

    Once the layer 2s and layer 3s are more mature, it's conceivable that a Coinbase or Kraken could run their own auditable rollup, even if the order book was run on a centralized server, at least the net balances would be held on-chain (Dydx https://dydx.exchange/ works like this currently).

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    Open-Source JSON Form Builder to Create Dynamic Forms Right in Your App. With SurveyJS form UI libraries, you can build and style forms in a fully-integrated drag & drop form builder, render them in your JS app, and store form submission data in any backend, inc. PHP, ASP.NET Core, and Node.js.

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  • safe-smart-account

    Safe allows secure management of blockchain assets.

  • > Saying “we’ll make it easier to host your own coins” is a bit like saying “we’ll solve the #1 problem with mass crypto adoption”.

    Sure, I mean, we're still in the "dial-up era" of crypto and a big part of that is wallet UX. But if you're following the space closely, you can see there's been some solid efforts on that front.

    Rainbow Wallet (https://rainbow.me/) is an iOS & Android wallet that backs up your private keys to iCloud/Google cloud. I think for smaller sums of money and valuables, this is a pretty good solution.

    Argent (https://www.argent.xyz/) is a smart contract wallet that has a "social recovery" feature that allows you to delegate account recovery to a circle of trusted parties.

    Gnosis Safe (https://gnosis-safe.io/) is another smart contract wallet that many DAOs use for treasury management, which allows for arbitrary multisig settings to be configured (like requiring 3 out of 5 signers or what have you).

    Some of these still need work on UX, but the core tech is there. Another factor is blockchain fees. Layer 2s like Arbitrum (https://arbitrum.io/) and Starkware (https://starkware.co/) have already dramatically reduced fees (by as much as 10-20x and will likely get to 1000x reduction by the end of the decade).

    Once the layer 2s and layer 3s are more mature, it's conceivable that a Coinbase or Kraken could run their own auditable rollup, even if the order book was run on a centralized server, at least the net balances would be held on-chain (Dydx https://dydx.exchange/ works like this currently).

NOTE: The number of mentions on this list indicates mentions on common posts plus user suggested alternatives. Hence, a higher number means a more popular project.

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