usdl , why will anyone use myradex? What’s the vision?
To buy, and sell crypto usuing USDL. And USDL will be "distributed" from the rewards of staking LGCY. Or other other 3rd party rewards. For cheap fast transactions first and foremost, not to memtion decentralization. As long as you have been here, it is a silly question.
I understand transactions are cheap buy they are cheap on some other chains also that get no volume. So I’m tryng to see the teams vision for why they’ll be able to draw volume .
Hi Shee Buh, one important aspect of Myriadex and vision is to support the token pairing of other projects and this is why the team has mentioned support in this area. From AMA: 10. Do you have any news regarding the liquidity and listings of USDL? We have a lot of daps ready to utilize USDL and add to liquidity and we are happy to announce the countdown to Myriadex has arrived! Myriadex will be live on the 1st week of October. Although we could launch today, we have decided to allow time for USDL to propagate and gain traction through usecases from other dapps to avoid a massive exit of USDL. This would help with the health and longevity of USDL and in return, the entire ecosystem. If any projects would like to provide liquidity to Myriadex and would be interested in getting some sponsored USDL for the pair, please DM Wes every single day.
Wouldn’t the way to get people to consider holding usdl to announce as much of the ecosystem as possible and the usecases? I think almost everyone would still admit they are dumping as much usdl as they can. I don’t think anyone is thinking I’m going to hold my usdl to use in the ecosystem currently.
Yes there are several ways to effectively communicate about usdl. And one way is to demonstrate demand via dapps.
Do you you feel the want to hold your usdl now , more than 4 months ago?
I want to hold usdl because I want to see the farming opportunities on the platform. Everyone will have different reasons for holding.
Sure, thet makes sense. But Justin said they didn’t launch a few months ago to build up the desire to hold usdl. Do you feel like anything’s really changed the last few months?
There's been no change because usdl hasn't been released. It's best to wait for usdl to trade on the open market and then everyone can make their own decision about their thoughts on usdl.
that might not be the case, not everyone will sell totally , some will swap with other coinslike btc/eth , and there will also be some other use case. do people realise myriadex is actually a dex something similar to uniswap.
Of course everyone knows myriadex is a dex.
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