Interlay DeFi Hub Launch Discussion Post

1yr ago
13 Comments
  • Content
  • AI Summary
Reply
Up 2
Share
Comments

Cool, thats what we all waited for last couple of months. May i know if some lessons from Kintsugi campaign was extracted? May be there were some mistakes can be learned and improved?

Reply
Up 2

I've been eagerly awaiting this launch for a few months now. Though I am not a Kintsugi user, I enjoyed seeing the results of these products being put to work on the canary network. Really looking forward to providing some LP on the iBTC-DOT pool as well as staking some iBTC, even if the reward rate for solo staking of that is on the lower end. Hope the Interlay products roll out before the end of the month! 🙌 - Phunky

Reply
Up 2

Could it not be possible to use platforms like Hydra and StellaSwap while also achieving a sufficient Total Value Locked (TVL)?

For instance, suppose there's a million dollars of TVL each in Interlay, Hydra, and Stella. Although Interlay inherently has only a million dollars of TVL, one might ensure liquidity by enabling aggregate transactions across other chains.

In this way, I believe a unique advantage of trading the entire iBTC ecosystem on the Interlay site can be created.

As for the trading image, if there's a million dollars of TVL on each chain and someone wants to execute a trade of 1.5 million dollars, the transaction could occur with the least expensive combination from each chain. For instance, $700,000 could be traded from Interlay, $500,000 from Stella, and $300,000 from Hydra.

This can be made possible thanks to the low transaction fee system of Polkadot.

Edited

Reply
Up 1

Leetttt''s gooooooo !!!!

Reply
Up 1

@wdB3...ay33 thanks for clarifications. One doubt i want to share is imo all true dotsamers and interlay supporters will bring liquidity in pools with twice less APRs prolly, espesially given the fact that the APR on very beginning would be higher for this early bird guys. So strategically it migt be a not bad alternative to start with twice lower rewards but for twice longer period. And then see whats going each month and propose to increase if seems reasonable in terms of TVL KPI's.

Reply
Up

Why is the INTR pool combined with DOT? It might be nice to have a [INTR, USDT] pool instead. That might make arbitrage more efficient since other exchange are not likely to have INTR-DOT pairs, and would make more DOT available for the IBTC-DOT pair. Compared to USDT, DOT has to compete against more alternative ways to use the token, so it's probably harder to get liquidity for it

Reply
Up 1

Why give so many INTR rewards and put that much sell pressure on the token, when there is HydraDX for liquidity and volume?

Edited

Reply
Up