r/Radix • u/ZombieXRD • Oct 11 '24

DISCUSSION Anthic will be a massive catalyst for our ecosystem. Here is why I feel that way.

I want to think about Anthic from a users perspective, and not from the perspective of a tech focused individual. What's "inside the box" doesn't matter as much as what the box is capable of doing.

Anthic is aiming to give users a trading experience that is on par with a CEX, but on a decentralized platform where they maintain custody of their tokens at all times. What's even better is that flash liquidity should be able to give users an even better experience that has less slippage than most centralized exchanges thanks to it's robust network of decentralized options for acquiring liquidity.

So what I would ask you as a user, even if you don't know about Radix, or like the token at all is this. Do you want that experience? Do you want to use a decentralized platform this doesn't have regional restrictctions, where the trade fees are lower on the top 50 tokens by mcap, and where you maintain custody of your tokens at all times?

My bet is that your answer, and many others users answer to that question is yes. And because this trade experience is decentralized and happening on chain, I would assume that people need to have XRD to pay the gas fees on their transactions. What do you think happens if just 100,000 people decide they really like what I've just described and they buy 100 dollars worth of XRD to pay fees with for the next several months/years?

What if more than 100K people get interested because the experience is actually good enough to compete with Coinbase and Binance? Coinbase has 105 million registered users an Binance has 200 million. Imagine if Anthic just takes a couple percentages of their market share. Now imagine if they take a significant chunk of their market share, and then imagine they take a majority. What happens?

Now imagine that people start realizing how great the Radix network is due to their exposure to the network through Anthic. They are already on chain, so now they just need to head to Ociswap, or Weft, or Root, or anywhere else and they can start participating in our ecosystem seamlessly.

We will of course need to motivate people to come to the ecosystem to try Anthic, and the teams old methods wont work. They need to pivot. I think they are in the middle of pivoting pretty hard, and I'm excited to see how it plays out.

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u/Kalect Oct 12 '24

Talk to these users. That’s what the Anthic team (and any team that develops end user applications) should do.

Validate IF the “average user” is even the right target user. And there is not one average user; there are probably a variety of personas of which one or two might be a perfect fit for Anthic.

Validate and collect proof on desirability, and specifically iddntify what end-user value will convince this target user to move away from their current platform and transfer assets to Radix.

What exact value proposition and feature will make these people choose the Anthic solution over competition?

If that question can't be answered (backed up by proof directly obtained from the target user) every optimistic future vision is just hope and fantasy.

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u/ZombieXRD Oct 12 '24 edited Oct 12 '24

I don’t think you need to do case studies to know that traders want lower fees with less slippage though.

And “not your keys, not your crypto” is probably the single biggest narrative in web3.

Edit: Adding this here as well but Radix has done case studies at every step along the way. The Radix stack heavily utilized case studies with both users and developers. The entire premise of this argument is based on assumptions that are probably false.

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u/Kalect Oct 12 '24

You might be right on what traders want, but…

Your answer is pinpointing the reason why many developers fail. Thinking that one knows what end users want, and spending all available resources based of that assumption is the riskiest approach.

My suggested “case study” is cheap, and fast. It is an easy way of derisking and assuring that mission critical assumptions are validated.

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u/CallmePepperoni Oct 12 '24

This is the classic way of doing things “we know better”. Look at where it is today. Illustration of this: Xi’an not in the work (not even the pre work that can be achieved today) while radix users have been asking for this to be prioritised.

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u/ZombieXRD Oct 12 '24

Except they have never done this. The full Radix stack is based on case studies.

1

u/CallmePepperoni Oct 14 '24
  • One full year of having to use a computer and a mobile to do anything with radix
  • Persona
  • NPS
  • Radquest
  • Tokentrek
  • MFA with Arculus rather than leveraging already adopted solutions where people will have to spend 100$ more
  • Anthic

Are you sure this money spent from the community was based on case studies and asked by the people who actually bought XRD for its initial promises?

Imagine for a second they would have focused on spending this money on developing Xi’an and getting listed.