paws

  • Oct 20, 2021
  • Joined Apr 29, 2021
  • At the risk of incurring some down votes I'll try to just mention the points and be a devil's advocate as to why a CEX might be an important step.

    Any project aiming to be a currency should try to increase its usability not just through horizontal integration but also through increasing its consumer base as much as possible. Why a CEX? Almost nobody within the crypto space ever has his first interaction through smart contracts, CEX are the point of sales/introduction to crypto for most people. While the disadvantage of CEXes are a dime a dozen, like centralized custodians for which we might have to negotiate, if we want to offer staking and the fact that they might dump any tokens given to them. If a CEX listing is done, I hope that the amount to be paid is in the form of dai that is in our treasury so as to avoid any senseless dumping. We should probably not offer staking services at the start, and just let the cex be an introduction or a platform to buy. Another advantage of cex is that we can move towards deeper order books something which we lack right now. Why do we want this at all? To become the native currency of crypto, you need to have the vision to see through the fact that ultimately we want to increase usability in terms of holder base (the normal people that use a currency the more it becomes the defacto standard) and horizontal integrations, we don't simply want ohm on a CEX we want other currencies in ohm denominated pairs. We have to start somewhere.

  • @Zeus yes the protocol owns 80+% of the liquidity but the order book is t exactly very deep yet, could the schedule be even more drawn out than this? Say we do it over a month?