So, i have been looking at multiple Dex’s and one thing i understand is the basic demand for a Dex token comes from the Dex itself. That means if you have multiple farms in a DEX which are related to the DEX token (MEX) then the individual who is looking to earn liquidity rewards will need to buy MEX and then add it in liquidity pool. This way these multiple pools will create buying pressure for MEX and MEX will get a true utility.
I also understand the liquidity pools which will be created will be MEX/Other token and this will cause an issue when someone comes for a swap. Solution for this should be when someone comes for a swap for ex Swapping EGLD to UTK. There should be 2 transactions first converting EGLD to MEX and then swapping MEX to UTK from their respective liquidity pools. This will also make sure more fee is generated for liquidity providers and more MEX is burnt.
These steps are intended to create an actual utility for MEX token, not XMEX as we all know XMEX has its own utility of metabonding, fee and boosted reward. More farms with Unlocked MEX will make sure the actual MEX token gets it’s recognition. Also i guess the block rewards are not very steep right now and creating buying pressure through liquidity buys will reflect in price and the impermanent loss which can occour can be countered.
Also voting mechanism should be there so XMEX or MEX holders can vote to which farms maximum rewards should be allocated. Because XMEX/MEX holders vote obviously MEX farms will get priority of highest APR and people will be more attracted towards them.