Hello, Meshswap community members.
We are pleased to announce the first halving of Meshswap’s governance token, MESH.
Meshswap, a decentralized exchange (DEX) based on the Polygon network (MATIC), is an autonomous financial protocol that facilitates safe asset trading.
MESH is the primary asset of the Meshswap protocol, which can be distributed as a reward for participating in lending, liquidity supply, and staking or obtained through trading. MESH is a governance token that allows holders to participate in key decisions within the protocol, such as determining the distribution ratio of the reward pool from which MESH is distributed. The amount of MESH, which will enable holders to participate in such decision-making processes, will be 126,144,000. The MESH distribution method employs the same halving model as Bitcoin, and the halving occurs annually.
A halving is a standard method of reducing inflation rates by half. This happens every 15,768,000 blocks based on the initial MESH distribution (2 seconds based on polygon network blocks). A halving is primarily intended to control inflation, which can contribute to long-term sustainability when combined with sustained or growing demand.
Based on polygon network blocks, the halving took place on block #43,621,489 on Wed Jun 7th, 2023, 03:53:39 AM (UTC).
Check out the image below to see how inflation rates fluctuate with halving.
The Meshswap blueprint, after halving
As the DeFi market continues to evolve, users are being divided into DEX users and DEX aggregator users. Due to the increase in users trading on aggregators rather than DEXs directly, many DEXs compete to lower their trading fees. Furthermore, they also need liquidity pools to provide a more efficient trading environment.
As a result of this changed environment, Meshswap plans to update and collaborate in 2 main directions: presenting more efficient transaction possibilities and creating new demand for transactions. In response to the changing market environment, Meshswap will focus on providing a centralized liquidity function for efficient trading possibilities and native coin swap service linkage to secure cross-chain transactions.
1. Vitalizing transactions through centralized liquidity pools
Polygon’s ecosystem is dominated by centralized liquidity pools, which show a higher utilization rate than general liquidity pools. For Meshswap, the liquidity scale of core assets (WETH, MATIC, USDC, USDT, etc.) frequently traded in the Polygon ecosystem is large, but the utilization rate is low. Through a centralized liquidity pool, we will support the transaction of the pool formed with existing common assets to be utilized through the Dex aggregator in the future. Furthermore, we plan to provide opportunities for users to participate in easy and efficient liquidity supply through centralized liquidity of various tokens on Meshswap.
2. Enhancing and vitalizing cross-chain ecosystem convenience by integrating native coin swaps
Polygon’s Native Coin Swap function improves interoperability with different mainnets (Ethereum, Klaytn, BNB, etc.) connected to its ecosystem. In addition, this function will be directly connected to Web 3 wallets, resulting in a surge in users. This will serve as an opportunity to activate cross-chain assets in Meshswap, and we are also expecting an increase in transaction volumes through lower slippage and simple UX.
The Meshswap financial portal is continually updated to provide opportunities for maximizing profits through leveraged long/short margin trading, virtual asset trading, deposits, leverage, and airdrops. MESH will expand its multi-chain-based ecosystem in place of the one-to-swap model and strive to improve the trading environment.
Thank you
[Meshswap]
Official Website: https://meshswap.fi
Docs: https://docs.meshswap.fi/
Medium: https://medium.com/@Meshswap
Telegram: https://t.me/MeshswapChannel
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[Team & Product]
Ozys: https://ozys.io/
Orbit Chain: https://orbitchain.io
Orbit Bridge: https://bridge.orbitchain.io/
KLAYswap: https://klayswap.com/
Megaton Finance: https://megaton.fi/
Belt Finance: https://belt.fi/landing
