Following yesterday’s announcement of gold NFTs, we are making some changes to the platform to support how real-world assets (RWAs) can be traded on-chain.
We recognise that the RWA industry is in the liquidity-building stage. Based on our observation and user feedback, using AMM pools with RWAs currently does not result in a good trading experience, especially as high slippage can occur.
Block trades are a better choice for RWAs and we know there are cheaper AMM options for trading crypto assets. Subsequently, we have decided to gradually sunset all pools and we will focus our resources on gearing the platform towards a superior dOTC experience, expanding its functionality.
Swapping assets on Swarm
Trading options for RWAs and crypto assets will be powered at the core by Swarm’s proprietary tech, Open dOTC. Swapping assets on the Swarm platform will make use of the offers from smart contracts in the Open dOTC.
We will be adding a package of new functionality and automation to the dOTC protocol shortly in a new release of the platform, Open dOTC 2.0. The next release will make RWA trading capabilities more powerful while improving the user experience and better supporting the integration within the DeFi landscape.
For the time being, users can still access pools they have provided liquidity to, using the ‘wallets’ or ‘my pools’ tab on the platform. Users can remove liquidity at any time, however adding new liquidity will no longer be possible.
Rewards
We are currently working on enhancing rewards for the community so that liquidity focuses on the dOTC platform. This is intended to incentivise, grow and build a vibrant trading option within the RWA landscape. Details of the program will be communicated in due course.
In the meantime, liquidity providers can keep their liquidity stakes within their current pools and continue to enjoy the rewards per the current program.
With the release of the new rewards program, we assure you that it will be beneficial to migrate to the new dOTC infrastructure.
The changes are designed to improve user experience and enhance liquidity of tokenized assets, including equities, fixed income and commodities, as well as many more RWAs to come.
