This page will contain information about the launch plans of the prosperitydex project.
ProsperityDex Token
We have mapped out a winning strategy to ensure the success of the ProsperitySwap native token (ProsperityDex). First, we would like to explain the purpose of the PD token.
The first benefit revolves around the liquidity of the DEX itself. The ProsperityDex token will incentivize individuals to provide liquidity to the DEX in order to earn yield farming rewards. The more liquidity the DEX has, the more trades it can efficiently process with less slippage, and the more revenue it can generate from trading fees.
Second, the ProsperityDex token will act as a “routing” token, one that maintains liquidity in multiple different assets, allowing trades to be routed through it. This is a concept similar to Ripple Labs’ xRapid technology.
Third, to ensure that the ProsperityDex token grows gradually, we will set yield farming rewards at rates that attract liquidity providers but are not so high that inflation outweighs the benefits. We will also introduce new yield farms slowly, one at a time, and only after an existing farm has what we deem to be sufficient liquidity before adding another. Each yield farming pair will require PD tokens to participate, ensuring that everyone farming must buy the PD token and provide liquidity to it.