on average: 8.7% of TVL and 5.3% daily volume on L2
if you look at the adoption curve, optimistic L2 is still at the innovators/early adopters stage
How to solve it?
- liquidity incentive - we can learn from @avalancheavax $180M DeFi Incentive Program
- bridging solution to centralized exchange like @binance@coinbase
- better fiat on and off-ramp using @circlepay
- host more hackathons and dev education
• • •
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We are working very hard on it and the GLMR distribution should be streamlined and automated tomorrow
I also want to explain a bit more why it was delayed:
1. at the beginning, we want to build a derivative product that can provide liquid on locked GLMR which we called cGLMR token.
2. We want to issue cGLMR token on our chain and build XCM channel with Moonbeam so that users can redeem GLMR on Moonbeam at any time. We also want to let cGLMR trade on our AMM or even be used in our Money Market.