Capybara - First Mover, 100% Communtiy launch on kaia Chain
I am bullish on DEXes and as the catgeory will play out in longer term given that Uniswap switch on fee sharing + Centralization risk begins to hit people
So rev share will be my overarching criteria as I research into projects.
In March fees generated on Uniswap reached levels similar to the previous bull run.
I used Uniswap as an example because its the largest DEX, with
$5.5B TVL
$1M fees in the last 24hours despite on chain activity being at ATL
Innovation around DEXes have weakened and but there is one that is really promising and what I really liked about it is:
First mover on kaia chain
Backed by @klaytn_official, @WombatExchange
Huge support from the entire of Korean market
No impermanent loss
100% community launch, ZERO VCs
Dual revenue streams
@CapybaraDEX is the first launchpad and DEX on the kaia Chain (a merger of Klaytn and Finschia), and it has significant significant impact within the @WombatExchange ecosystem.
Overview of @CapybaraDEX
Capybara is the first launchpad and DEX on kaia Chain, ensuring all new protocols will launch on this chain.
It is the first project to receive a $2M+ grant from kaia chain.
Backed by @klaytn_official, leveraging the potential of the Korean market.
Key Features of @CapybaraDEX
Diverse trading pairs: Users can trade various assets, including stablecoins, meme tokens, and gaming tokens.
Single-Sided and Open Pool: Users don't need to pair when depositing assets, simplifying liquidity provision.
Launchpad for GameFi partnerships: Capybara launchpad will serve upcoming GameFi projects on kaia, bringing new opportunities to the ecosystem.
Revenue Stream for long-term development: Capybara will generate revenue from its launchpad services, creating ideal conditions for funding and long-term development.
What Makes Capybara Unique?
100% capital utilization and No Impermanent Loss: Coverage-ratio-based stableswap mechanism removes scalability barriers and ensures capital utilization.
Low slippage: A unique asset-to-liability model reduces trading slippage.
Flexibility and high potential for DeFi adoption: Pure single-token pool design enables single-token LP tokens, ideal for integrating with lending and borrowing protocols.
Friendly UI/UX: Simple and comic interface.
Roadmap and Future Plan
Gamified Bribe Market: Capybara will utilize Wompet's Gamified Point platform, allowing users to earn extra WomPets Points (WPP).
$CAPY IDO in June: 100% fair launch with zero VC; $CAPY IDO will be conducted in June, offering a chance to the whole community.
Launchpad will go live in May.
Holders of $BERA will gain voting power in the CapybaraDEX bribery market.
I am bullish on Capybara to capture a large market share in the kaia ecosystem as one of the first movers.
Twtiter:
https://twitter.com/arndxt_xo/status/1790057498222956932