Hi folks! I just signed up to post on forum.osmosis.zone today. I hope I’m not too late to he party. I mostly followed the r/osmosislab subreddit and voted on proposals through Keplr prior to this.
As a network participant from the early airdrop for ATOM holders, serving as an early liquidity pool provider and frequent DEX user, I feel like there has been a precipitous drop in user engagement and participation on r/OsmosisLab. I still think Osmosis is the tops for DEX experience, especially for a user learning about blockchain that isn’t just a trader. With that in mind, I have some questions to ask of the community here.
- How has the “Supercharged pools” transition delivered for DEX liquidity?
I’m curious because I don’t realistically see myself becoming a whale. I want what’s best for the chain. Still, I’m going to be honest: I stopped providing liquidity to pools on Osmosis after this transition happened. I hate how Supercharged pools work and have tried to use them and like them, but I never will.
- How has the deprecation of liquidity bonding delivered for the chain?
I always thought liquidity bonding, just like staking, would be an essential element of Osmosis pools when I began participating with the network. I was especially impressed when “Superfluid” staking was introduced, as it was something no other DEX was offering as an incentive to liquidity providers. Now it seems that incentives for providing liquidty to traditional, non-Supercharged pools are basically discontinued forever.
- Is community engagement a concern for the chain developers now?
A lot of developers make an app or a chain (Yearn.finance and Compound come mind) and then use that money to finance their next project. Not that the old apps stop working, but more that they enter something closer to “community owned” where developers are explicitly hired to make enhancements and if the community is less engaged there is a lot less going on the roadmap because the original developers have new priorities.
I am not an influencer and I’ve never been a social media community builder. At the same time, I’ve never batted an eye at the appearance of a DEX as compared to Binance. I’m not impressed by charting and Bid/Ask volumes because I’m not trying to beat the trading bots and if I wanted the trappings of traditional finance, I can buy most of the big cryptos through an ETF on a traditional platform now. I am interested in the engagement of users in a community based on sovereign custody and exchanges, and how its continued growth can be supported by increasing small-wallet participants without pandering to whales that use it for exit liquidity.
I know this is a doozy for a first post. Usually walls of text don’t get a lot of engagement, but that’s just who I am so feel free to read the questions and ignore the rest if it suits you. Thanks for your time and especial thanks to the developers for making Osmosis.