Usually I use Kucoin, but recently i see volume is dropping to be very low for LPT token, therefore I’m not able to trade LPT token anymore.
LPT now is one of the lowest trading volume tokens on Kucoin platform, and many projects in similar volume range has ‘ST’ mark and is going to be de-listed.
Any plans to increase trading volume on LPT to keep it listed on Kucoin and other exchanges ?
By the way, LPT trading volume on Binance is $105,000 last 24 hours, which is very low for too.
Hey @kanepro24 thanks for raising. Low volume is a real problem.
The main distinction to make here is liquidity versus volume. Our market maker already provides a sizeable share of the liquidity on Kucoin. What we are missing is organic volume from people or bots routing flow to that listing. The market maker makes things efficient for those actors but they can’t create the demand. I’ll sask the MM to follow up and look at what they can reasonably do on Kucoin specifically, but the reality is demand on that venue is drying up.
Liquidity is an important topic as part of Livepeer 2.0. The Burn-Mint Equilibrium will buy and burn LPT so on-chain liquidity depth in particular will be critically important. Beyond the burn itself some recurring on-chain buying of LPT should deepen our pools and create more downstream volume as arbitrageurs chase the cex/dex spread.. this should grow with network usage but won’t fix any single venue overnight. It’s not ideal that demand is low right now but we are working on it. Re Binance.. volumes were up over the weekend driving the price increase we saw, and we will continue to monitor. cheers