dHEDGE core team is hard at work trying to expand our presence on centralized exchanges. We are already on Huobi and OKEx, but the markets aren’t very active. Expanding market access to DHT will help to grow our ecosystem in various ways.
For one, many traders and speculators only use CEXes, so a strong presence there will help us to expand the number of token holders. Hopefully we can convert some of these speculators into DeFi users as well.
Secondly, if we have healthy markets in both DEXs and CEXs, then it will give us highly reliable price feeds from Chainlink. This is a highly desirable pre-requisite to have DHT integrated into other DeFi platforms and even list DHT on dHEDGE itself.
Higher volumes on CEXes will also facilitate new listings, so we need to ensure that the markets on existing exchanges are healthy enough to allow for trading.
The dHEDGE team proposes to engage Market Making firms for DHT trading pairs. By enlisting the services of market makers, we can ensure tighter spreads and less slippage, creating a healthy trading environment on the exchanges.
Most of the deals offered by Market Makers include lending them the tokens (and sometimes stables/eth) with an option to buy the tokens in the future around the current market price.
The core team will reach out to and compare various market makers and pick the best solution.
Average expected loan amount is around $3M worth of DHT/stables for 12-24 months.