INTR incentives on DEXes

3yrs ago
2

Hi there!

This post is related latest iBTC pool at https://voting.opensquare.io/space/interlay/proposal/QmRnD1yeP3PgVqDRUWpv7HPxTmD93WD66PfhD5xWbbdwAG, as well as https://interlay.subsquare.io/democracy/referendum/18 and others.

At current market situation (entire market dip, Nomad crash, aUSD crash etc) i actually don't find strategic reasons for rewarding users at doubtful DEXes in pair with doubtful tokens. Finally, most of times users only get negative experience and lose money, as well as INTR dump under additional selling pressure.

I stongly considering we firstly need long-term marketing strategy. Here are few points i have about it:

  • INTR rewards should be very small and greedy)
  • the only DEX where people should be available to exchange INTR tokens should be Interlay frontend, and the only pair available there should be iBTC/INTR.
  • the pairs we should pick up to reward at other DEXes should be very stable and heavy. For now these are only DOT and native USDT.
  • some portion of saved INTR tokens from no-sense rewarding might be spent for better marketing, to make community better understand why iBTC is better then any centrilized brigde; some web-pages, videos etc with incidents of 9-figured amounts of hacks of other bridges

Your thoughts guys?

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