However, as we can see below, most of this liquidity is… 100% illiquid. It’s consisting of memecoins which have less than 1$ of 24h-volume.
Beside having so many memecoin projects launched over $FX network at the same time, saturating the main project’s flows, this is a very big red flag for me and many outside-investors. We couldn’t do worse in terms of communication.
Would it be possible to automatically exclude from the top tokens and graphical statistics any token which volume is less than 1% of the $FX token volume ?
Hey lord Pundians, I have a different opinion, even small liquidity should be displayed as part of the tvl, user can filter accordingly to his/her preference.
This is standard practice on UniSwap and other major dexes.
I’m litteraly shocked by your answers… (“Others do have a very low standard, so do we…”)
IRL, this would expose any decent trading exchange to fraudulent charges.
Anyway, I can read between the lines. Hope others will be able too.
Hi lord @FrenchXCore , trying to do a whitelist might be riskier to regulatory risk, imagine SEC asking why did u list A token NOT B token yada yada… Instead DEX want to stick to a marketplace model where they are just facilitating the flow.
In any case, I believe $BAVA will be on MarginX whether its permissionless or white list
This is extremely well documented by @SCENE and is exactly what I meant.
I didn’t really care about the meme coins up to now : people like playing with that is fine with me…
However, it now impacts the project we put trust in, and could definitely imply regulatory issues or prevent a listing on a more serious exchange. And I noticed it just now because I had a little spare time in these troubled days…
The issue you think it is (MarginX and Joe):
Permissionless listing allows anyone to do the method above.
Permissionless listing is a must for a DEX, I totally agree.
However, this is not the actual issue.
Actual issue:
The dashboard is including tokens with inflated value.
The point system is including swaps with inflated value.
This is the main issue.
Solution:
The dashboard should be able to filter both inflated liquidity & swaps.
Counting only pools that have real value
Point system should exclude inflated swaps
This allows the permissionless listing feature to exist whilst ensuring only real value swaps into the point system and counting actual tvl.
With this, even if anyone try to abuse the inflated method above, it won’t affect both the dashboard value and the point system contributed by real traders. See how DeFiLlama does it.
Preventive measures is better than cure.
There you go, the issue and the solution.
P.S. There’s another separate issue with the point system that I reported few months ago also but I think we should solve the current one first.
Step by step and all for a better future of MarginX!