I’ve been a long time lurker in Nash telegram group. Been with Nash since ICO and it’s great to see that Nash is gaining some traction with the new strategy and roadmap.
Couple of weeks ago, I saw a suggestion about integration with Uniswap from one of the community members. I think this is a wonderful idea so thought of writing a post on it. Apologies for the lengthy post.
In my view, if we can fully integrate Uniswap (or one of the other AMM’s) into Nash mobile this could bring in a lot of users. Currently we have NEX (which is a registered security) offered on NASH via Uniswap. So I presume offering other Uniswap tokens should not be a problem from a legal point of view. I think that this approach can be mutually beneficial to all parties involved.
Uniswap users get more exposure- mobile users, FIAT ramp enabled exchange and an MPC powered wallet.
Nash could become one stop shop for all things crypto. Main benefits being:
- Ability to offer tokens which otherwise would have been impossible (due to regulations, liquidity etc).
- This could bring in a lot of users and subsequently volume and liquidity for the tokens listed on Nash.
- Perhaps a new revenue stream as well if Nash can charge a small percentage.
Uniswap integration is already available so turn-around time hopefully can be quick.
How does this bring liquidity to Nash?
One of the main challenges apart from the legal aspect has been ensuring liquidity.
As far as I know, Uniswap doesn’t have their own mobile offering. Integrating Uniswap into Nash will reduce the entry barrier for a crypto newbie. Once the user is on Nash, if a token is available for trading on Nash, it isn’t far-fetched to think he would prefer Nash given the lower fees.
Also, for early listing of new ERC20 tokens, Nash wouldn’t have to worry about arranging liquidity. Typically new offerings are listed on couple of exchanges before it goes mainstream. Let’s say token X is listed on Uniswap, Nash and Gate.io and user only has an account on Nash and Uniswap. I believe, given high fees on Uniswap, arbitrageurs will take care of market making on Nash. For instance, as an arbitrageur, I can post Ask price on Nash which is lower than Gate.io but higher than Uniswap. Similarly bid price would be higher than Gate.io but lower than Uniswap. Arbitrgeur can make profit by selling on Nash and buying on Gate.io and vice versa.
For this to work, Nash channels/ Trading wallet will have to be integrated with Uniswap. Existing swap screen on Nash mobile can be extended to show quotes from Nash and Uniswap with the best quote already selected. Can someone from Nash team comment if what I propose is feasible?
Disclaimer: I’m no trader. I usually buy stocks/crypto and pray it goes up. So, all this could be BS in which case please let me know.