Hello Team. The latest upgrade of xExchange V3 making it simpler than even was great. But I am afraid that simplicity is not enough, considering the huge competition that there is out there.
Priorities:
- Make Mex a strong token.
- Change the dex model from a yield farming to a concentrated liquidity model.
1: Mex needs to be the passive vehicle of the exchange, where liquidity providers can put their earnings from providing liquidity for a more passive cashflow income. Providing liquidity is great but its still active(something like a job) and a passive cashflow should be also available. For that to happen all fees rewards given in Mex needs to be implemented asap.
2: The yield farming was the first dex model that was created, but it was proved that the concentrated liquidity model is more efficient. When mex has big inflation, investors are scared to invest in it, even if there are burning mechanisms. Change to a concentrated liquidity model, give 0.25% to liquidity providers(no mex burning) and keep the 0.05% from the fees pool for Mex investors, as a passive way for having ownership of the DeX, and aligning value and voting on dex proposals.
Please take these considerations seriously. Egld is keeping the DeX alive, but for how long? Mex is already 100x down from listing price. Serious moves and improvements on the DeX model have to be made. Thanks.
