mr. @majin because apollo has a special place in my heart too, i’m taking the time during my holidays to share 3 ideas for the future of the Apollo community with you
in no particular order and sorry for technical errors, i’m not a developer, i’m here because i believe in Moonwell’s vision of open finance for everyone
- XC-Tokens Strategie
we focus on xc tokens and Kusama ecosystem solutions. Kusama has an xcUSDT like polkadot, unfortunately I didn’t find any liquidity data, but we could help with the Apollo treasury to build up the first dex liquidity and then grow step by step. karura/acala also has a bridge to other eco’s outside of kusama, that would also be a possibility, although karura is probably on shakier legs than moonriver. to implement the first step and add xcUSDT as an asset to apollo, we would only have to work together with dex partner solarbeam, the necessary infrastructure is already available (kusama asset hub ↔ Moonriver). of course, the gauntlet prerequisites for an asset listing remain the same. if this mission is successful then of course other xc assets can be added although i doubt it, i remember the rmrk plan and we failed at the required dex liquidity from a 200m market cap asset. The good thing about this strategy is that it would not conflict with other teams looking for a bridge solution and it doesn’t need any special effort from moonbeam/river. the negative would be that we would isolate ourselves from other eco’s, but maybe that would be a chance to become the absolute leader in the kusama space and to motivate developers to build something special, like order book lending/borrow, revenue share, etc…the risk of losing funds ( bridge out ) in such a closed system would be smaller, imo ( again not a dev )
- Active Search for a Bridge Partner
we are beginning to actively look for a bridge opportunity. for this we would have to have the support of moonbeam, solarbeam etc and also sacrifice part of our treasury for the development costs. we can provide a bounty or something similar and thus “buy” a bridge solution as @jan5442 suggested. As I said, we would need the support of several eco system partners and also a lot of research into which options there are that would help us strategically to build up tvl. we don’t need a second “multi bridge”. As I said, I’m not a dev, I’m a mechanical engineer, I build machines that produce gearboxes for your cars. the fact is that this path would mean an enormous community effort and to be honest, i don’t see how it could be done without the help of a powerful person in a normal amount of time.
- We do nothing + for $Mfam
as @majin said, apollo and moonriver are decentralized protocols and apollo is in all our hearts . what does decentralized mean at this moment? everyone can do what they want or simply do nothing at all. how we did it. We can wait longer, there is no obligation to offer more assets on Apollo. As long as the “first Movr benefit” remains, everyone is happy with the supply/borrow of MOvr&ksm
Maybe in the near future the market will calm down and suddenly Canary Networks will be back in vogue and teams will take care of it again the protocol runs quite normally and in an emergency Gauntlet & Warden are still here. no need to do anything . But that’s not really how you treat someone who has a special place in their heart . someone you have in your heart you want to have with you on your further journey, so my suggestion is to reward Mfam holders with $WELL for the valuable services we have provided to bring Moonwell to where it is today. As I mentioned before, the first Apollo & Movr community members are mainly responsible for the successful launch of Moonwell. It is only logical to have these faithful contemporaries with you on the spaceship for the further journey. I have not yet thought about any possible reward for MFAM holders, logically this has to be discussed with the well holders first.
hopefully we can have a constructive discussion about the future of Apllo, with lots of opinions from other community members, Contributors, Ambassadors & Advisors.
I’m curious about your opinion @majin , but now I have to get back to the pool quickly, I almost missed the happy hour