RE: HIVE CrossDEX Proposal

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RE: HIVE CrossDEX Proposal

mangowambo in #hive • 2 years ago

Thank you for your response. It feels somewhat rude and disappointing simultaneously. This reply appears entirely AI-generated, and I'm uncertain if you've personally read it. If someone is requesting over 250k USD from the DAO, I would expect them to engage in a real conversation.

Regarding liquidity, our plan involves creating attractive incentives for liquidity providers to participate in our pools. We aim to integrate mechanisms that allow and encourage external liquidity providers to contribute to the ecosystem.

How do you plan to address this? Where are the concrete answers? None of my concerns were answered. This is just one instance, and I'm hesitant to engage with Terablock if I'll continue receiving similar AI-generated responses.

2 years ago in #hive by mangowambo

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terablock-hive 2 years ago

Hey @mangowambo

I recognise your worries and appreciate your transparency. Let me elaborate on how artificial intelligence is used in our conversations company wide.

Using AI technologies does not imply that we are not contributing to the discussion. We utilise AI to assist us in organising our ideas and make sure we're concisely addressing every key subject matter. Similar to utilising a digital whiteboard during a brainstorming session, the technology assists us in better organising and presenting our thoughts.

Having said that, I want to reassure you that we carefully consider and approve each communication before sending it. It is our duty to make sure the data we disclose is true and accurately represents our goals and objectives.

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terablock-hive 2 years ago

Let me clarify the differences between what we've already built and what we're proposing with the CrossDEX on HIVE:

Existing Bridges: Currently, we have six custom-built bridges for SPS & DEC tokens, including BSC <> HIVE, ETH <> HIVE, and BSC <> ETH. We also have the Swidge Protocol for SPS & DEC tokens.

CrossDEX on HIVE

• Expanded Blockchain Support: We plan to add over 10 blockchains, including both EVM and non-EVM chains.
• Fiat Gateway: This will include both on-ramp and off-ramp functionalities.
• Extended Liquidity Pools: Beyond HBD & HIVE, we aim to list various EVM & non-EVM tokens.
• One-Click Swidge: Seamless switching between all supported blockchains.
• Standalone Platform: CrossDEX will have its own dedicated domain, distinct from our current interface.
• Web2 User-Friendly: Account abstraction for easy onboarding, automating complex Web3 processes to present a simple Web2 frontend.
• Diverse Wallet Connectivity: Users will be able to connect various EVM and non-EVM wallets to the DEX.
• Liquidity Staking Provision: A key addition is enabling users to provide liquidity in these pools, which is a major draw for DeFi enthusiasts and can significantly boost user engagement.

Building on Existing Foundations: Our work with Splinterlands and the upcoming GLS lays the groundwork for creating a DEX on HIVE. This move is strategic for attracting liquidity from leading chains and simplifying Web3 onboarding.

In essence, while our existing products have laid a solid foundation, the CrossDEX on HIVE is a significant leap forward, offering broader blockchain integration, enhanced liquidity options, and a more user-friendly experience, especially for those new to Web3.

Hope this clears things up!

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