Going into the future, how is MOSDEX looking like? As a dedicated follower, one obvious thing is that lots of work have been done to keep the arbitrage facility functioning. Another thing is that the MOSDEX team isn’t stopping at the current stage. As more passive income enthusiasts troop in to embrace the opportunities offered by the arbitrage protocol, MOSDEX will look into getting better for the future while maintaining a profitable ecosystem for itself and most importantly, the users.
Looking into the future, it is hard to guess the exact new actions the team hopes to take, considering the fact that the team is yet to publish the 2023 roadmap for its ecosystem. The projected growth path is an increased user base and an expanded reach in terms of protocol integrations. How this will be done will surely be determined by the team itself, however, let’s take a look at the most likely events in the coming months.
In a recent announcement, MOSDEX stated that it had added three more exchanges to the list of exchanges crawled by the arbitrage protocol. This adds to the list of exclusive exchanges. By design, the arbitrage protocol gains more liquidity and information sources as more exchanges are added. To this effect, the team might have to look at integrating even more exchanges into the protocol. With most high-volume exchanges added already, the team will have to look at other reputable lower-tier exchanges.
The crypto space is growing, in multiples. Each day welcomes a set of new cryptocurrencies and even blockchain networks. Each of these wins a tangible number of investors and evangelists. Each project builds a community around itself and these members would prefer to spend in their favorite tokens.
The arbitrage protocol only accepts stakes in USDT and BTC while supporting only Ethereum and bitcoin blockchain networks. This leaves out thousands of cryptocurrencies from participating. While you can argue that an interested staker can swap their assets for these supported ones it is always more convenient to stake directly. Again, in this case, stakers might not be willing to sell their assets. If the MOSDEX team hopes to widen its reach and grow the number of stakers, adding support for more blockchain networks and crypto assets is one very effective way to go about it.
By current design, the arbitrage protocol stays in custody of the user's funds. For a major percentage of investors, this is a turn-off, and rightly so, considering the state of the crypto space. Decentralized alternatives are more acceptable for investors. If MOSDEX ever sees the importance of further embracing decentralization, the fun management system will probably be the first to be modified in the future. Doing this will mean developing a smart contract for asset custody and modifying the arbitrage protocol to work with this contract. A decentralized ecosystem also allows the community to decide what happens next with the project. A DAO-style government is one that MOSDEX could adopt in the future.
What improvements would you love to see on MOSDEX? probably a modified user interface or simply support for your favorite cryptocurrency or blockchain network. I’d predict that the latter will come out on top as the interface pretty well serves its purpose, for now.
However, as the platform onboards more diverse investors, the interface will inevitably be changed to suit the needs of the users. An option for the primary colors will do, but that’s totally up to the teams. For investors, the most important thing is an arbitrage protocol that works. Hopefully, that continues to be the case.
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