Get an exclusive inside look into the mind of @ash_swap's founder!🕵️♀️
We sat down and had a chat about their goals and views on the future.
Read on for the top 3 key takeaways from our conversation.🧵
#MultiversX #EntityFinance
We sat down and had a chat about their goals and views on the future.
Read on for the top 3 key takeaways from our conversation.🧵
#MultiversX #EntityFinance
Q: What is the process for listing #tokens on AshSwap (V2 Pools)? Is it going to be fully permissionless? If not what are the criteria for listing?
A: We would love to make it fully permissionless but at the beginning it will be better for projects to contact @ash_swap for the listing procedure, and in time this responsibility will be passed down to the #DAO.
Q: Talking about #DeFi adoption, a lot of new protocols give huge incentives to attract liquidity to get higher TVL, do you consider this as an effective method and does it not cause a problem down the line once the emission rates fall?
A: Offering incentives to users can be an effective approach to bootstrapping, but it is important to ensure that these incentives are sustainable in the long term.
Large incentives that are not financially viable can ultimately be detrimental to the success of the project.
Large incentives that are not financially viable can ultimately be detrimental to the success of the project.
Instead, a strategy should be developed to manage the inflationary side effects.
One effective way to mitigate this is by introducing complementary products that align with the project's #token to create synergies that will drive demand while promoting sustainable growth.
One effective way to mitigate this is by introducing complementary products that align with the project's #token to create synergies that will drive demand while promoting sustainable growth.
AshSwap is prepared to handle the #inflation with trading fees by partnering with other projects, allowing them to join the DAO, which would give the governance token more utility.
Also, a future Order Book module will generate a lot of fees for veASH holders.
Also, a future Order Book module will generate a lot of fees for veASH holders.
Q: What are your thoughts on the recent news that the SEC is suing PAXOS for the issuance of BUSD? What are the implications of this event for AshSwap?
A: Despite the recent news regarding PAXOS, it is reassuring that the suspension of #BUSD issuance does not impact the safety and backing of existing tokens on the market.
We are maintaining our plans to list BUSD but will continue to diligently monitor the market conditions.
We are maintaining our plans to list BUSD but will continue to diligently monitor the market conditions.
Interested in hearing the full interview?
Listen now:
twitter.com/i/spaces/1ynJO…
Talk more about these topics with our community by joining our Telegram:
t.me/EntityCommunity
Listen now:
twitter.com/i/spaces/1ynJO…
Talk more about these topics with our community by joining our Telegram:
t.me/EntityCommunity
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