Beniamin Mincu expressed:  Elrond EGLD is now listed on Kucoin.com.  Great milestone with Kucoin exchange enabling full support for ESDT tokens, and opening a large opportunity for projects building on Elrond to tap into the huge communities & liquidity offered by them.

Kucoin exchange has now made KuCoin Trading Bot Web Version Live.  Thus, making free strategies more accessible. Reportedly, one Out of 4 Crypto Holders Worldwide Is with KuCoin.

The Maiar DEX is bringing DeFi to Elrond Network. This is a fundamental building block, about to supercharge the utility, usage and value of the Elrond ecosystem. They claim to be the DeFi for the next Billion. Swap assets instantly, globally, inexpensively, automatically.

When bootstrapping a new exchange, Maiar acknowledges there is a chicken and egg problem when there is low initial liquidity and low volumes it generates low rewards.  Thus, this fails to attract further liquidity and volume.

Maiar DEX are working around that problem using the MEX liquidity mining.  This in turn will incentivize actions which will increase the Maiar Exchange platform utility using rewards paid out in the native token, thus kicking off a positive feedback loop.

In short, liquidity mining (LM) incentivizes liquidity provisioning by way of token rewards (MEX). This permits liquidity to flourish to further attract greater trading volumes.

Liquidity will be able to create the following feedback loop: More Trading Volume > Higher Market Makers (MM) Profits > More Liquidity Provided > Less Slippage & Tighter Spreads > More Trading Volume.

To Bootstrap the Maiar Exchange, they are focusing on the following factors: Leveraging a competitive incentive program to bootstrap its growth.

They are set to follow a balanced mint and burn token mechanism, thus a temporary inflationary token without a defined hard cap that can become deflationary if it burns and outspaces emissions. Deeper liquidity is critical to the health of AMMs and Maiar DEX are all prepared to be doing it.

Very high APYs in the beginning is expected to serve to attract liquidity providers (LPs), which will effectively bootstrap the supply side. The immediate effect is expected to be an increase of the TVL, thus kicking off a reflexive feedback loop, thus serving as a catalyst for more token demand, eventually resulting in higher APYs and TVL.

To manage inflation and liquidity mining, Maiar are trying two approaches where: Deflationary pressures so burns reduces supply minted. 2. Set a weekly/monthly LM budget and mint supply accordingly.

Mechanisms like lending, borrowing, options and margin trading, zero-loss lotteries, etc. in the near future are expected to drive even more attention and engagement.