DTube Exchange | Bridge | Liquidity Improvements (Proposal 11-26-23)

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We have a liquidity trap scenario currently that needs to be immediately addressed. We have seen various projects fail once there isn't sufficient liquidity to allow users to get funds in and out reliably. We have seen this with a lot of the Delegated Proof of Stake STEEM clones and forks such as Golos, Scorum, WEKU, Vice, BearShares, Serey, and WhaleShares to name a few. It is imperative this be addressed immediately to keep things flowing.

Currently there are primarily three ways in and out. There is a liquidity pool on Uniswap bridging us to Ethereum. Unfortunately the fees on the Ethereum network aren't equitable and it doesn't makes sense to really interact with that blockchain. The main DeFi pool most people are interacting with is on the Binance Smart Chain over on Pancake Swap but the way the bridge works it appears to require Heimindanger to manually provide liquidity at various times which becomes an issue if he isn't available. The third way in and out is through the Ionomy exchange.

Additional ways in and out of DTube need to be added and liquidity needs to be addressed on the current offerings. I have talked to several of the leaders past and present to learn more about where we are at currently and have gained a deeper understanding of why things are set up the way they are.

  • Buy and Sell orders need to be added on Ionomy to thicken up the order book so there isn't so much spread. I'm already doing this with personal funds to keep things flowing. Additional orders should be added to improve these efforts.

  • Complete the DTube pegged asset on HIVE Engine. SWAP.DTUBE was already created three years ago but appears that offering was never completed. I have submitted a ticket to the HIVE Engine about completing this offering which will allow trading to HIVE and adding additional liquidity pools pairing DTUBE with other assets such as Dogecoin, Litecoin, STEEM or other assets. This route will be completed even if SWAP.DTUBE can't be salvaged.

  • Add a secondary bridge to the Binance Smart Chain to add an alternative if the current bridge isn't useable.

  • Contact various centralized exchanges about adding DTube.

  • Build another bridge to another chain like Polygon, Solana, Avalanche, TRON, or another popular blockchain.

  • Pair tokenized DTube with that Layer 1 smart chain asset.

Completing these objectives should at a bare minimum to get us to the next full blown bull market. Other things need to be addressed in additional proposals to really make this ecosystem thrive. I understand the liquidity issues were approached previously a year ago and also previous to that but it needs addressed and solved immediately.


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