๐ Backpack Final Season Update Details + What's Needed for TGE? Armani covered the final season in the Backpack Discord and all the upcoming updates. โ๏ธ Brief Summary - There are three key requirements for TGE. - 1: An automated liquidity provision system. Currently, a Grid bot is required. Next, RFQs will go into beta this week. Finally, quoting for both spot and futures is required. - 2: Vaults - These are interest-bearing liquidity vaults. They're scheduled to go live within 1-2 weeks. After the beta, users will be able to freely deposit assets. - 3: New Listings - Once items 1 and 2 are met, Day 1 listing requirements will be met, making liquidity provision easier. - Backpack cards will be released (?!?!?!??!). Beta will be released after Season 4. - Landings will be available in new regions. Please check the announcement. - More networks and listings are coming. - Ex) ZCASH network support. - Broker Dealer - Spot and futures trading for on-chain stocks are planned. This will take time, but it's a very important initiative. The main point is that Armani is fully aware of and preparing for Season 4 and the TGE. The following additional products are significant to us: 1. Vault (likely an interest-bearing Hari) 2. Card (likely a Backpack card + exchange-linked payment system?!) 3. On-chain securities (I'm personally very excited about Backpack's onboarding of Superstate and real dividend-paying stocks. This will likely take 1-2 years, though.) Backpack, keep growing steadily. I love Armani so much that I'm even adding backpacks. The founders are constantly communicating with each other, and even creating a separate room for heavy backpack users, which is a structure that's hard to find elsewhere. ๐ 35% off backpacks exclusively for BQ subscribers (the most popular link in the crypto scene) ๐ฑ Backpack signup link (Viperal, code bqyoutube) Your hearts and likes are a huge boost to BQ content. ๐คฉ #Backpack #You'reHopeful
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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