To fully leverage the potential of Moonbeam during the anticipated bull run, it’s imperative that we establish not one, but two Moonbeam AMMs. Currently, having only one liquid option (Stella) limits our ecosystem’s attractiveness and functionality for investors. The presence of a single AMM can deter potential users due to concerns over having only a single offramp. I would like the discuss the possibility of providing a liquidity boost to Beamswap
For Moonbeam and by extension, the Polkadot ecosystem, to thrive, we must consider enhancing liquidity across the board. Providing more liquidity options could be a strategic move by the OpenGov community. Allocating resources, such as the suggested 50,000 DOT to Beamswap, could significantly reduce slippage, thereby enhancing the user experience and encouraging more active participation.
This isn’t just about financial aid to individual projects but about fostering an ecosystem where multiple AMMs can coexist, providing users with choices, reducing risk through diversification, and ultimately positioning Moonbeam as a robust, attractive platform for both new and existing investors. If our aim is to optimize for success in the upcoming market conditions, then a multi-AMM strategy is not just beneficial; it’s essential for retaining and attracting users looking for reliable, efficient, and secure DeFi solutions within our network.
This statement advocates for the development of additional liquidity options within the Moonbeam ecosystem, highlighting the broader strategic benefits for user retention and ecosystem growth.