Temperature Check: Adding Sundae token to Liqwid protocol

Temperature Check
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SundaeSwap is one of the largest dexes on Cardano. SundaeSwap garners some of the highest daily volumes for swaps on Cardano according to TapTools. Adding the Sundae token to the Liqwid protocol seems to be a sensible decision. Thank you for your time and consideration.

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I agree, Sundae is the De with the second highest TVL and Daily volume. It’s also a great innovator in the Cardano space – it should definitely be intergraded into liqwid.

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I just wanted to point out that SundaeSwap’s TVL has been consistently trending upward during the last several months of the drawdown. Liqwid has been doing well also. Teamed up both project will do well together.

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Hey @Judokid, Thanks for putting this temperature check together.

Could you add a few more details to your Temp Check? Where applicable.

  • Relevant Links

  • Expand a bit more on the Project and token overview

  • Reasoning/need for market

  • Risk Considerations

  • add a Vote for “Do you support this proposal to add support for SUNDAE”
    The poll is a bit hidden. You can find it in the gear icon when you go to edit the original post.

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Sure. Let me ping the Sundae team for assistance. Please give us some additional time to respond to your request. Thank you for your time and consideration.

1 Like
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I wanted to add this current proposal that would relate to SUNDAE.

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Hey @Judokid, thanks for reaching out and for putting together the initial temperature check. I’d be happy to help expand on the details. Here’s what we can add:

1. Relevant Links

2. Project and Token Overview

  • Project Background: SundaeSwap is a decentralized exchange (DEX) built on the Cardano blockchain, designed to provide efficient trading and yield farming opportunities with low fees and fast transaction times. Our mission is to democratize finance and bring DeFi to everyone in the Cardano ecosystem. The team is composed of experienced developers, blockchain enthusiasts, and financial experts committed to building a robust and user-friendly platform.
  • Token Utility: The SUNDAE token is integral to the SundaeSwap ecosystem, serving multiple purposes. It’s used for governance, allowing holders to vote on protocol upgrades and key decisions. Additionally, SUNDAE is used in liquidity provision, yield farming, and as a medium for incentivizing platform participants.
  • Market Presence: Currently, SUNDAE has a growing presence in the DeFi space, with increasing market capitalization and trading volumes. It’s listed on major decentralized exchanges within the Cardano ecosystem, and we’re actively exploring more listings.

3. Reasoning/Need for Market

  • Demand Analysis: The demand for SUNDAE is on the rise due to the growing adoption of Cardano-based DeFi projects. With Cardano’s ecosystem maturing, more users are looking for decentralized trading options with low fees and high efficiency, which SundaeSwap provides.
  • Ecosystem Benefits: Adding support for SUNDAE on your platform could attract Cardano users and DeFi enthusiasts, increasing user engagement and transaction volume. It also offers cross-project collaboration opportunities, driving further growth and innovation in the space.

4. Risk Considerations

  • Market Volatility: Like all cryptocurrencies, SUNDAE is subject to market volatility, which can impact its price and liquidity. It’s important to monitor market conditions and manage exposure accordingly.
  • Regulatory Risks: We’re aware of the evolving regulatory landscape and are committed to compliance. However, the regulatory status of DeFi projects like ours can change, potentially impacting operations.
  • Security Considerations: We’ve implemented rigorous security measures to protect users and funds, including regular audits and bug bounty programs. However, DeFi projects inherently carry risks, and we continuously work to mitigate them.

Do you support adding Sundae token?

  • Yes
  • No
0 voters