I always read this part of the last community AMA

Question

I always read this part of the last community AMA

before I go to sleep. a. How will initial liquidity be provided for MyriaDex trading pairs?

Justin: As with any exchange, initially liquidity will be provided with the heaviest amount obviously being on LGCY/USDL. We have reached out to most of our partners to provide liquidity for their pairs as well. Liquidity will also come from PEND and its LP platform that rewards users for providing LP. Without getting in trouble, I heard there’s a certain dApp that will require a big amount of USDL reserves.

b. Can you list the main pairs that will be available on MyriaDex on Day 1? Can you confirm some of the non-partner trading pairs that will be available on MyriaDex? LGCY/USDL, USDT/USDL, USDC/USDL?, ETH/USDL, BTC/USDL, XDC/USDL? And are there any other pairs the community can expect at launch?

Justin: Day One pairs that we will provide initial liquidity for will be:

LGCY/USDL
USDT/USDL
ETH/USDL
BTC/USDL
Then our next step will be our partners such as XDC, Flare Finance, etc…

c. Will there be sufficient (low slippage) USDL liquidity in the short time frame on MyriaDex or any CEX?

Justin: Unfortunately, commenting on this would get us in trouble, as no project/company can guarantee market conditions. But see answer A for USDL demand to get an idea.

d. When can we expect a USDL listing on MyriaDex and CEX?

Justin: We will have to wait for the co-announcements on USDL listings, but now that we have one CEX integrated (more coming), it’s ready.

e. Will there be enough liquidity to absorb over 30 million USDL in circulation on Day 1 of USDL listing?

Justin: Not all liquidity is coming from USDT, so no, if you’re talking about that pair alone.

f. If there isn’t already, then how will you achieve deep enough liquidity for USDL?

Justin: See A for how liquidity is coming and how demand is coming to USDL.

#blockchain #cryptocurrency #english #lgcy

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10.08.2022

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Jim · Accepted Answer

Jim

I guess that Cex integrated is Hotbit 😃

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10.08.2022

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I always read this part of the last community AMA

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