Want to second this. While I get the need to focus resources, I think Honeyswap adds a lot of value, for a couple reasons:
- Sentimentality/values: Iâm a fairly regular user of Honeyswap. Not a whale, but regularly make trades in the hundreds to thousands of dollars. I typically keep at least a grand or two in the pools. Because itâs the cheapest or best return? No. Because itâs a solid product, and a way to support 1hive, which feels like a high leverage way to support values I hold. It feels good to use. This may be irrational, and I will happily stop using it if itâs in the best interests of the community to stop using (following this thread closely). Iâm also not likely the only person doing this?
- Strategic positionality: lots of capital is flowing into Gnosis chain right now. Demands for basic infrastructure to invest in outstrips supply. When 1Hive was added to that Gnosis infra index (De-xDai) a couple days ago, likely contributing to the bump in HNY price, was the existence of a DEX part of the rationale? Also, as we have seen lately with D2D deals (token listings, liquidity sharing agreements, co-marketing, etc), Honeyswap can be an instrument for collaboration. It allows non-dev community members to âprogramâ value flows from a high level. And it seems some deals of late are indeed adding value (e.g. Fox liquidity sharing).
- Revenue: itâs maybe not a lot, but itâs something. And now that the machine is going, why not let it roll, buyback some HNY. This on-chain activity could also be picked up and amplified in unknown ways.
The three main factors I see are:
- How expensive is maintenance mode here (in HNY, dev bandwidth, and dev morale (devs like coding new things and opportunities to do so are a valuable form of compensation)?
- Does Honeyswap need to upgrade to v3, or will v2 be enough for a while. Kinda turned off by v3 licensing and trading off of composability for capital efficiency, especially if looking to support âlong tailâ assets like smaller DAO tokens. Though I donât know enough to have strong opinions here.
- Does it distract from more important initiatives strategically (e g if Paul canât work on this will he do more valuable work on Gardens or Celeste, or will he be demotivated)?
Just a smol holder and not deep in the community atm, but just wanted to add my 2 HNY from the perspectives Iâm tracking