Vite Labs Leadership AMA (Jul 22, 2021) - Leave your questions here!

  • What would the fee to link Eth from metamask to vite bridge? Normal eth transaction fee or something less?

  • Today the gateway operators have full control of the funds for the coin they operate in the wallet.

    • Will Vitebridge correct this security issue and if yes at what moment will it be implemented as it seem there are multiple step in implementing Vitebrige?

  • vite did partnerships with ferrum, okchain & kda. Still partnerships valid? And in what tasks they working together?

  • I understand that 100% of vitex revenue goes to vx stakers, but it would be better for vx and its holders if 3-5% is used to market buy vx on this dex and burn it each day. So instead of getting 100%, vx stakers get 97-95%. Adds value and liquidity. Buying pressure will create selling pressure. Without some kind of burn, vx will behave like a fiat.

  • Solana claims it can do 50000 tps using proof of history. What does the vite team think about this? If it's truly that powerful, could the vite team combine quota and poh to make a feeless and extremely fast protocol?

  • Vite is a protocol coin like Eth and vx is a exchange coin like bnb. It would be more appropriate to stake 1000 vx, and not 10000 vite, for VIP status to get reduced fee. This would make vx a utility and ownership coin, more special than bnb, which is just a utility coin. Vite is already staked for quota and burned when a listing is created or when trading fees gathered in trading pairs with vite. It may be better to make reducing fees solely for vx to give it utility.

  • We could also have trading fees reduced if paid with vx, the same way bnb does it. 1/5 of these collected vx could be burned and the rest goes into the dividend pool. This would make vx more valuable than staking 1000 vx for VIP status. Also more fair because small buyers may not be able to afford 1000 vx. Bnb method has been shown to work.

  • In vite bridge, what will relays nodes set up by an operator do? Also, since the operator can't touch the funds, why is slashing involved?

  • For a coin created on vite to be traded, it needs the support of an operator with some sort of screening. And being an operator also need some sort of screening from Vitex.
    It seems the network is not so open, while other network with DEX because it is really decentralized, anyone can create a coin and trade/swap with liquidity provided by the creator or anyone else.
    This is what make a network popular and used by the mass, for better and for the worse.

    • Will Vite change this in the future? or allow the possibility to swap any coin created on Vite if liquidity is provided?

  • If/when vite becomes popular and needs to scale more, will it consider using sharding to increase its tps?

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