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ideas-feedback-rants 2024-10-29

Summary​

In the chat, DegenSpartan expressed skepticism towards non-Solana liquidity sources like Arbitrum, emphasizing Solana's dominance in their liquidity pool despite others pointing out high Total Value Locked (TVL) on different chains. The discussion shifted to the spot ecosystem's relevance and potential market impact through social media engagement by influential figures such as Marc Andreessen. DegenSpartan showed disinterest in current trends, preferring entertainment like Ergo Proxy.

The conversation then turned towards enhancing liquidity for OK's Raydium LP, which is community-owned. The participants considered integrating Daos.fun into Jupiter's routing system to bolster liquidity without sacrificing attention and trading fees on the latter platform. Baoskee mentioned a direct LP enablement feature on their platform that could generate significant fees for OK, with Shaw confirming personal investments in this direction.

FAQ​

  • What is the main concern regarding liquidity in solana trading?

  • Jakubi: The primary issue is that staying only on Solana limits liquidity since TVL (Total Value Locked) on other chains are very high, which could potentially offer more opportunities for arbitrage and better overall market health.

  • How does DegenSpartan view the spot ecosystem's relevance?

    • DegenSpartan: They believe that the spot ecosystem is irrelevant because most traders on Solana cannot even get a loan from a bank, implying that they do not see it as a significant factor in their trading strategy.

  • What are some suggestions for increasing liquidity and visibility for OK?

    • yuhki: One suggestion is to have more accounts like Marc Andreessen's being remarked on, which would make posts easier to cite and increase impact. Another idea is creating an official account for OKAI that could post memes to boost the market.

  • What are some ideas discussed by users regarding OK liquidity problems?

    • kezfourtwez: They proposed integrating daos.fun into Jupiter's routing system, which would double their liquidity without affecting attention and trading fees for daos.fun. Additionally, baoskee mentioned enabling LP directly on their platform to generate more fees in the DAO.

Who Helped Who​

  • DegenSpartan helped yuhki with increasing impact on Marc AIndreessen accounts by suggesting to create an official account for OKAI and post more memes.
  • dunks411 helped Shaw with a starting point for the orderbook backend by sending him a direct message about an idea.

Action Items​

  • Technical Tasks
  • Integrate daos.fun into Jupiter's routing system (mentioned by kezfourtwez)
  • Documentation Needs
    • Official account creation and increased posting activity for OKAI to boost market impact (requested by yuhki)
  • Feature Requests
    • An official OK tag on Twitter for partners (suggested by HoneyBadger)
    • Direct LP enabling on the platform, potentially generating fees in DeGenAI DAO (mentioned by baoskee and Shaw)