The simplest way to view the above is to look at the modern highway system. For a protocol coin such as Tezos, the various types of assets built on top of it will provide a form of transport within the network like cars and freight on a highway.
Over time, what’s going to become apparent is upon the introduction of more DeFi protocols, that highway is going to begin to include more vehicles moving within it and thus represent more traffic.
With Wednesday’s launch of Quipuswap, we’re going to begin to see that metaphorical highway start to have more traffic. What’s even better is that Quipuswap is the first DEX on Tezos with on-chain governance for baking rewards. So far, we’ve been met with strong
opening day numbers - over $367k in total value locked (TVL) on the platform in just 24 hours.
Vladimir Klykov, marketing relations for MadFish was kind enough to answer a few questions following the launch of Quipuswap.
Are there any plans in the works following Wednesday’s launch for additions in incentives such as a governance token, etc?
We don’t plan any governance tokens in the first QuipuSwap version. At the current stage, we are just considering possibilities to implement these tokens in Quipuswap.
With Wednesday’s release, how will Quipuswap aid in growing the DeFi ecosystem around Tezos?
QuipuSwap is the great entry point for new DeFi solutions on Tezos. Projects may integrate the QuipuSwap functionality, create liquidity pools for project tokens and start to trade instantly.