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DS Merge (future)
NOTE: This utility is not live yet. We anticipate it to be available late 2022.
The goal here is to relieve the burden on the failed/failing projects team and move its users to something with utility, multiple use cases and a focus on sustainability/longevity. The project being merged will be in one of two situations. Its liquidity pool (LP) will either be locked or unlocked. Below you can find the two strategies DeFi Skeptic intends to use once this functionality is complete. Note, as mentioned before this is currently a vision in development and not to be expected at the time of SKP launching. Additionally, details below may be subject to change.
By migrating failed/failing projects funds and users over to a simplistic token design with functionality and utility from the start and no need for a developmental roadmap to be fulfilled, the following benefits occur:
- 1.The migrating projects team benefits by removal of the burden and receives a small payout not otherwise achievable.
- 2.The acquired project users are migrated from a failing/failed project to a project focused on its own longevity and an ecosystem/community focused on bettering DeFi.
- 3.Skeptic Token users benefit from the addition of new community members, additional liquidity brought into the liquidity pool and additional project growth.
- 4.Skeptic Token itself benefits from this additional boost of users which in turn will support further word of mouth marketing and growth as well as brand recognition.