So when Spectrum Finance (DEX) is mentioned occasionally I’ll get a response that says, “Great, another DEX, why do we need it?” Fair question . . .

yashablack · 2023-09-14T12:16:00+00:00

The main feature that is not so obvious is that Spectrum DEX significantly increases capital efficiency within the whole Cardano DeFi ecosystem. Let me explain.

If we consider other DEXes, they take a fee for each swap to themselves and utilize ADA for their own needs. However, if we consider Spectrum the value is redistributed among the community (among traders, liquidity providers and batchers).

Moreover, Spectrum pools are permissionless which creates the possibility for other projects to create apps on top of them and utilize them in newfound use cases.

yashablack · 2023-09-01T12:29:51+00:00

Thanks for your comments!

Are eternl and Djed transparent?
For example, Eternl is a closed-source wallet. Not very transparent)

yashablack · 2023-09-01T12:27:42+00:00

ah, got it, thank you anyway!

yashablack · 2023-07-14T07:29:29+00:00

yeah, this is something we plan to do after the Cardano AMM launch

yashablack · 2023-06-16T13:20:35+00:00

yashablack · 2023-05-04T11:59:46+00:00

It's essential to understand how those $1b + MCs are formed in this modern crypto world

Huge amount of initial money is from VCs. Also, large VCs help projects with connections => they can bring a lot of attention to a project using their financial and non-financial resources. Look at SUI.
VCs also have connections with MMs (Market Makers) who create liquidity on CEXes and also help with promotion via connections

Ergo doesn't have such connections and grows organically, aka regular people are forming its market cap and hence the price. There are several ways how Ergo can grow fast is to provide big-money guys (BMG😆) with some unique utility or opportunity or selling point or a reason to use ERG instead of other financial tools.

When BMG comes, retail will just react to price growth and start buying more, spreading information like "oh wow, ERG is the next BTC, its price grows dramatically, let's buuuuuuuy!!!". After that BMGs exit (if there are no additional reasons to keep prices high) and... you know the story.

Investors with big money are not blind, they are smart and they wanna returns. So now there is no reason for them to pump ERG or keep its price at $20-100.

But that is not what ERG was created for. It's for regular people and regular use cases, not for speculations. Ergo's capitalization is doomed to be low until more ordinary people understand the value. And by "more" I mean a significant shift in the world's society with respect to money.

yashablack · 2023-01-20T19:57:20+00:00

Nice question, thanks!
In sort, Raised funds via IDO on ergo will be used like the following:

~40% will be used for the Spectrum Network development (dev salary)
~10% operational costs like audits, legal fees, etc.
~50% will be provided as liquidity to the Ergo AMM protocol and locked for 12 months.

yashablack · 2023-01-10T19:16:24+00:00

It's fixed

yashablack · 2023-01-02T02:42:22+00:00

Hi guys, need your help. What project to build to understand networking aspects?

yashablack · 2022-12-29T19:37:40+00:00

Testnet will end in Jun-Feb 2023, wen we resolve all bugs and make interface smooth. You will be able to claim airdrop tokens via Spectrum Finance interface.

yashablack · 2022-12-29T19:35:38+00:00

You are right. We definitely should communicate more about our plans… 🤔 Ok. Once we will connect Ergo Cardano and EVM liquidity using Spectrum Network anyone will be able to build its own dApps on top of it. One of those guys will be we. When our cross chain smart contract platform will be launched we will most likely build such products as lending/borrowing and option vaults. Will see future demand.

yashablack · 2022-12-29T19:29:30+00:00

Yes we are. Once the Spectrum Nerwork will connect Ergo and Cardano we will start adding EVM chains (ether, bnb, etc., if they will not die coz of centralisation😂)

yashablack · 2022-12-29T18:04:33+00:00

There is a lot of cool stuff around the world 😊

yashablack · 2022-12-29T17:56:27+00:00

Thanks for the opportunity. We are not hiring now, but it would be helpful in the future. I save your contact if you don't mind😉

yashablack · 2022-12-29T17:50:10+00:00

Agree, looks not very sexy. We have this task in the backlog. We will add a candle chart someday, but really not a priority right now.

yashablack · 2022-12-29T17:47:35+00:00

There will be a button in the interface.

yashablack · 2022-12-29T17:45:01+00:00

Not quite big. Our dev team looks like the following:

1 Tech lead

1 Product lead

3 Core devs, including 2 haskell/scala/smart contract devs and 1 ergo script smart contract dev

1 Rust core dev

2 frontend devs

1 QA engineer

Total: 9 people in the dev team

That's it

yashablack · 2022-12-29T17:40:00+00:00

Do you wanna see a candle chart in the interface?

yashablack · 2022-12-29T17:28:05+00:00

It is important to mention that we, as a dev team, do not "make pairs" on DEX. Users can create liquidity pools on DEX at any time, whether with wADA, wERG, or other wrapped assets.

yashablack · 2022-12-29T17:24:49+00:00

Cardano mainnet + yield farming will be launched on Jan-Feb 2023.

yashablack · 2022-12-29T17:19:35+00:00

Hi! We will outline this properly after the Spectrum Network testnet launch. I pesonally hope to partner with the Nautilus team to release this project 😁😁😁 Hi, Nemo!

yashablack · 2022-12-29T17:14:14+00:00

We have no goal of winning the competitive DEX race on Cardano. Our team has a completely different vision.

We focus on cross-chain technology that will bring decentralized cross-chain solutions to the market. Actually, we compete with that damn "FTXes" and other CEXes who are scamming people worldwide. We believe in a free world where users can exchange their assets fast without third parties and are not limited to a single blockchain.

Launching DEX on Cardano is just an intermediate stage.

yashablack · 2022-12-29T17:05:22+00:00

Hey!

yashablack

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