I have been thinking about some changes that could be very beneficial to Comdex ecosystem. We are all aware of how CMDX has suffered recently despite consistently shipping products for Cosmos. So here are some changes that I think Comdex should implement. I am interested to take this forward as a proposal as well once I get to hear the thoughts of my fellow community members on these. I have mentioned each of the proposed changes with my reasoning below. I request everyone to take time and provide their thoughts-
- Cut inflation by half
Looking at the way CMDX token price is performing I think finding ways to make the tokenomics more effective has to be our focus. I believe cutting inflation by half will help in that effort to slow down CMDX inflation before it reaches its max cap.
- Launch stCMDX on stride
I think one move that will be highly beneficial is to launch stCMDX. I remember the team has a spaces with the stride team where this was discussed but nothing has happened since then. Launching of liquid staked CMDX will help overall liquidity of CMDX ecosystem
- Make stCMDX the primary liquidity token of cSwap DEX
Make every asset on cSwap to be paired with stCMDX. There will be more usage and liquidity for stCMDX and it will be beneficial to all of us as users as well. It will greatly reduce the need to use CMDX as incentive for liquidity as people will earn their own staking reward as well.
- Make stCMDX-stATOM the master pool of cswap
Build most liquidity in this pool. Every LP earns staking rewards of both. CMDX rewards here should be enough to compensate for lost rewards from LP in other pools.
- New direction for Commodo-
For a long time I feel Comdex needs to carve its own PMF by creating products that are innovative and can compete in their respective markets. One such product is Commodo. It has a unique design but currently can’t compete with others like Umee and Mars. Before we begin to heavily incentivise commodo liquidity with CMDX rewards we should think about the general direction for Commodo. With regards to that, I propose the following:
5.a. Make Commodo a liquid staked assets lending borrowing market. Position commodo to be a platform with cPools for all stride liquid stake assets. This is one domain that there isn’t any competition in at the moment. The current design of Commodo is well suited to liquid staked assets.
5.b. Make stATOM as the transit asset of all pools instead of ATOM. Reason for this is, again, straightforward. Better yield. Better adoption. More users.
I think the true focus for CMDX improvement should be to:
a) wherever possible, change CMDX tokenomics for better value preservation
b) tweak existing products to highlight their strengths
Please provide your comments and thoughts