The liquidity is mostly provided through a REGEN:OSMO LP pool on Osmosis, and the REGEN/NCT pool is also strongly correlated with the OSMO price too, because the other NCT pool is an NCT/OSMO LP pool.
The fact that most of our liquidity is tied to the OSMO price has not worked out very well for REGEN, as the OSMO price has collapsed from over $10 to under $$0.80 at the moment.
REGEN is not listed on any centralized exchanges, except HOTBIT, which doesn’t really count. REGEN is not present in any liquidity pools on other chains, except for a tiny bit on sushiswap on Polygon.
What should our liquidity strategy be? And how can we, as a decentralized community, support a robust and beneficial liquidity strategy? What should the timing be, and how does this dovetail with a tokenomics upgrade?
One observation that I have is that despite my interest in supporting the community, it is not financially advantageous for me to provide liquidity in any of the pools above. I make more just staking my REGEN.
However, with liquid staking, and the qREGEN token, it occurs to me that we could create pools like qREGEN:stOSMO, or qREGEN:qATOM, that would allow someone, like me, to stake my tokens and provide liquidity, without missing out on staking rewards. Seems like an easy and smart first step, if we want more liquidity.
But do we want more liquidity? I don’t know the answer to that. Anyone?
I think it’s important to consider centralized exchange listings at the juncture, like Binance or Coinbase. I’ve scoped out opportunities like this, but at this time, most have a large upfront set up cost, but who would bear this burden, especially in these market conditions?
But, I agree that an LP and listing strategy needs to be formed, to ensure we are reaching a broader REGEN retail audience.
I also think that price could be moved upward by a few trends or ideas:
tokenomics upgrade that makes the network more dynamic, including readjusting block rewards split to incentive more community activity, especially builders, governance decision making, and network growth DAOs
adoption of CosmWasm and creation of a developer DAO (more builders = more activity)
adoption of the sell-side and buy-side fee structure from Regen Registry/Marketplace - if fees are onchain network activity will pickup because it’s more micro transactions
a public traction dashboard that summarizes more clearly for the community & for retail investors the assets, partnership, products, traction, and goals of the network, and how we are reaching them (ex: # credits issued onchain, value of credits issued onchain, total credit retirement volume for climate impact, total hectares restored)
