Had a good lunch at one of Singapore’s market, here’s some after meal thought.
As we move closer to EVM compatibility, and 100% direct support solidity, we will be expecting various DApps going live. Broadly I’d categorize these DApps into “building block DApps” and “other great DApps”. Building blocks are critical for initial infrastructures (eg: stablecoin, swap) and other great dapps are important for traction (eg: marketplace, orderbook DEX). There’s grey areas too where DApps fall into both category, but you get the gist why we are categorizing.
Building Block DApps
- Swap and liquidity (eg: UniSwap, PancakeSwap)
- Stablecoin (whether it’s directly supporting DAI, USDC or having our fxUSD)
- cross-chain bridges (various chains in and out of ours)
Other Great DApps
- NFT marketplace
- DeFi Games
- Stablecoin collateral platform (eg: Mirror.finance, Liquity)
- Lending and borrowing platform (eg: Aave)
- Perpetual DEX (our competitive advantage, built by us)
- Liquidity compounding platform (eg: Beefy)
Whos gonna build it?
We want to manage DApp growth as decentralized as possible. In other words, if the community wants to build it, we want you to build it. If the DApps you build is strong and good, yours should be the primary DApps of your category. Hence instead of the foundation owning the swap and liquidity platform, it can and should be own by a third party developer team. For some DApps it might make sense to jointly develop between foundation and third party team, so long that the foundation’s contribution can be reflected upon token holders. One instance is pangolin.exchange which was built by Avalanche and transferred to a custodial team.
For those that want to build, there’s the Ecosystem Genesis Fund to support you. Have to remember though that your proposal has to be approved by the community, the foundation token will abstain from voting so you got to convince the holders.