Dennis you are correct. The USDX token holds its peg now but there is virtually 0 liquidity for it. It’s useless outside of the Silo of the Kava Chain. Now we are able to earn Kava Swap tokens, which like Hard, are also restricted for a year.
Restricting tokens is bad business. At a time when liquidity, because of interoperability, is emerging in Cosmos, Kava is turtled up, restricting tokens, effectively locking USDX into a vacuum on the chain.
By way of comparison, Osmosis has been out for three months. It’s market cap is only slightly less than Kava, yet Osmosis only does one thing at this point. But osmosis doesn’t restrict rewards and utilizes IBC.
Terra is the same. No restrictions on rewards, IBC & wormhole eminent.
When brought this up to the Kava team, the response was they are trying to draw capital in, whereas Terra is trying to send capital out.
But the bus is leaving the station. The market is evolving quickly…Kava I’ll be left behind if they don’t change strategy.
On the day of the Kava Swap launch Kava is down 5%. Osmo is up 6%, Terra is up 4% making me ath.
I move big chunks of money on IBC every day. No trouble.
I’ve been invested here for quite some time. Because of restricted rewards, I’ll be invested for a lot longer.
Im imploring the team to change the road map. Adopt IBC asap. Figure out the usdx peg in an open market.
Consider unrestricting all the rewards granted already as well as future.
Let’s go!!