Expansion to other Chains: Many underestimate the Omnibridge developed by Carbon swap. As a DEX what we seek is to increase our Volume and TVL, when Carbon swap is a little more developed (New NFT Marketplace UI, Lending platform, & others) we should expand the connection with other blockchains such as Avalanche, Polygon, Polkadot or other EVM compatible blockchains, some projects like Any swap interconnect many blockchains with their respective liquidity and has a valuation over 25+ times higher than Carbon swap, it is then that improving and expanding the Omnibridge not only benefits the entry of more liquidity but also strengthens our differentiation and expansion the product and our advantage as an entry point to the EWC.
Marketing: Undoubtedly a very relevant aspect if we want to gain traction. Currently our community is relatively small, (this is also because EWT is also small) many potential people who could be in Carbon swap are not because they do not even know that it exists, the frustration of some for not even being listed in Coingecko is nothing new, at which point without a doubt I believe we should insist to get the listing done, since this is undoubtedly a significant point in which we are losing exposure and the possibility of new people finding us, a good product is useless if nobody knows that it exists, let's not forget that in EWC literally 0 fees and the blockchain is equal or faster than Avalanche, whose TVL exceeds 3 Billions and its capitalization 13.4 Billions, because of this I am a believer that once we achieve a polished, attractive and differentiated product (which we are currently doing through NFT Marketplace, Lending platform and others) we must allocate a % of the resources to promote and expand the community and the reach of the project, this can even be done through the cooperation of the community where we can allocate small rewards for sharing relevant information in twitter, have a telegram referral program and/or other mechanisms that we stipulate to increase our exposure and growth. *Side note: I believe this this point should be reinforced specially once some adjustments have been made, such as bringing the NFT UI closer looking to the Opeansea marketplace & others.
Rewards update: The previous points inevitably lead me to this point, once we are more advanced I think it’s necessary to make an adjustment to Carbon swap rewards, we must add new relevant pairs to attract liquidity once we have connection to other chains such as Avalanche, Polkadot etc… even now we should evaluate and question which pairs could be added to benefit and attract more liquidity to Carbon swap, I think that at this point you can have a better strategy and it strikes me that USDT, for example, is not in the DEX, in the future it would also be interesting to evaluate the creation of a Vault for stable coins. Now, regarding rewards, we must add auto compound to offer higher APYs without affecting the SUSU price, its and advantage that we practically don’t have fees and therefore compounding can be done without friction, currently the rewards for providing liquidity are low (most under 37%) which must be improved since we want to attract liquidity, for this we must be competitive or better than other equivalent options on the market such as Pangolin, Quick swap, Sushi swap etc ... we don’t want to be displaced when Sushi swap arrives at EWC, by then we must be ready and address the following points.
-Strategy & product differentiation. -Expanding volume & TVL. -Competitive & attractive APYs. -Marketing & community management. -*Others: You can reflect and share your thoughts on which other points should be addressed. *
Now getting back to the main point, I have figured out a simple way to increase the APY without affecting the SUSU price and is the following: When providing liquidity the rewards are automatically deflected to staking, thus the earning are instantly accumulating more SUSU and therefore we can offer greater interest, in Avalanche many projects have a valuation of over 100M just by offering compounding solutions to the people (Avalanche network has more fees and therefore group compounding makes sense to give access to smaller liquidity providers and diminish the fees needed to compound), this point leads me to the last one and most relevant.
I want to end this post by thanking the Carbon swap team for everything they have done, without you this would not be possible, your patience, dedication and work are very valued and I believe it should be rewarded even more as I mentioned before, I know that your intentions are to expand eventually this project to a community effort or a DAO, I hope you take this post with open arms and also I expect some kind of feedback regarding from the community and the developers so we can once again connect and work in cooperation with a common vision and a clear mind, I believe we should reformulate the phrase in the documents that says "we are an experienced team, but we do this for fun, for our own amusement If you use any of this, it is your own responsibility." to "We are an experienced team committed to the development of Carbon swap and its vision, while having fun in the way, any use of this platform and its products is the sole responsibility of each individual." Anyways, we live in exiting times and Carbonswap has great potential & opportunities as well as challenges to be faced, I’m sure we can all contribute to make this work, have fun, and help the planet on the in the way.