Thanks for the feedback lobo.
I can try to put out some numbers for better insight, operating on a bit of a quick turn around.
To give some general #s, the only real significant swap/tvl ratio is within the Algo/USD pairs & some of the meme coins (algo/ora for example). gAlgo pairs have decent volume, though overall the entire eco is low ratios (even in algo/usd compartively, which sits anywhere from 7-15% on average daily turnover) I believe the biggest “red flags” on a ratio to reward basis would be around GOLD, SILVER, USDC/USDT, and some would consider the gAlgo/usd pairs when compared to algo/usd, though for the ecosystem it is still decent and last i checked around 5-8% but I want to confirm (its not like galgo/algo, where we dont see as big a case to incentivize).
Some context on why we are still pushing larger allocations there is:
USDC/USDT: This is a very important pair within DeFi, however due to lack of Stable support, its not as effective as it could be. Stable swaps are a very near feature for us, and our thoughts are increasing this TVL in anticipation.
GOLD/SILVER: These pairs have been admittedly lower volume than we had hope, but our focus is strategic in that our discussions with MELD have been exciting, and we are anticipating things like CEX listings and further adoption on that front. I am a firm believe in RWAs and my hope is to see some additional adoption over this next year. That being said, it is at risk of lowering its allocation % if we do not see continued to growth (outside TVL).
As you noted as well, partnerships are a heavy consideration for us. As the smallest DEX, we partially have to consider the impact of our distributions to include Partners who have long supported us. Almost every pair we choose has a bit of this influence, and our partners typically include:
- Vestige
- Defly
- COSG
- MELD (Metals)
- Algomint (gousd, btc, eth)
- Folks (gAlgo)