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proxy
@proxystudio.eth
I want proxyswap to be a true farcaster-native dex a dex with real social integration. today we dropped an MVP, bootstrapped with degen tips and /fabric revenue, tomorrow we make it better /openventures teamed up @saxenasaheb and /fbi to do one thing: grow degenchain proxyswap.tips
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Garrett
@garrett
are there any LP incentives?
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proxy
@proxystudio.eth
not at the moment, but we have plenty of tokens to allocate to incentives if we decide that is necessary
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Garrett
@garrett
why wouldn't you provide LP incentives to encourage more people to seed the LP and take volume from degenswap? Especially while it's down..
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proxy
@proxystudio.eth
its an option we are exploring, but there are a number of reasons not to do so the most sustainable incentive for LPs are trading fees & high volume
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J8y
@j8y
Agree on sustainability, but liquidity attracts volume or volume attracts liquidity. Incentives don’t have to be an ever inflating supply. 10% seems fair and I see that listed under airdrops so maybe something is planned be to either increase volume or liquidity. Rooting for proxyswap either way🫶🏽
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