Degen

Illiquidity is a feature on the way up and a bug in the way down.

Imo it’s part of the pump fun and clanker success so far.

Would love to see some models slightly tweaked, for example adding some liquidity to tokens that hit 10m, reserving some liquidity for long-term LPs etc.

Liquidity mining was useful to kickstart liquidity onchain and maybe we can copy a thing or 2. Ofc at some point most DeFi / 2020 projects overpaid for liquidity (nobody wanted to swap) instead of focusing on facilitating large OTC swaps and only enabling smaller onchain swaps all the time. Maybe that’s also part of a solution AFTER the bootstrapping..