Thread by @deversifi

Right, we’re just going to say it: Today’s exchanges are broken

🛑They list scam coins that have peaked and will never return
🛑They promote dangerous activity
🛑They don’t care whether their users make money

It’s time to break this toxic model. Here’s how we will change that👇

Today’s exchanges are torn ⛔️

They need the trading fees so they incentivise trading of all kinds of crap 💩

This creates a vicious circle of ever-riskier assets and offerings. Effectively, they are (unfortunately) geared towards you LOSING money 😭

(2/7)

We want to flip this on its head. We want to make profits with our users, not at their expense 💪

Because right now, DeFi matters more than ever.

👉 Inflation is spiraling
👉Governments are weaponising finance
👉 Currencies are collapsing
👉 Refugees need finance they can trust

#DeFi = freedom 🔥

Financial freedom for everyone, in every country, independent of nation-states, background, gender, or politics 🚀

As exchanges, we should be helping unleash this freedom, not rebuilding the barriers of the old world

The new DeversiFi 🎉

We want to migrate to a new business model, one where protocol revenues are related to the net profits made by users 🤝

We will focus on what our users really want, where the best opportunities are and select the right technologies to make that possible 💪

So what’s coming this year? 🤔

✅ Expansion of our bridges and the tokens they can convey
✅ New passive income opportunities
✅ A new AMM liquidity mining governance vote
✅ An MVP for cross-chain swapping
✅ Continuing UX improvements
✅ Additional incentive programmes

(6/7)

2022 is not just the year for #Layer2. It’s the year when #DeversiFi breaks the exchange model🥂

It’s time to flip the idea of an exchange on its head, and show the world what #DeFi is truly about 💪

Read our full blog post here 👇
deversifi.com/blog/flipping-…