Review on MiniSwap by Pedro O. Alvino M.
Governance system and liquidity pools based on Ethereum.
A project based on Ethereum, promises a DeFi ecosystem with excellent returns based on its MINI token, in which in the beta version of its application they add several reward mechanisms either by adding liquidity or participating in the governance of the project.
Many of the projects with a similar architecture may have some financial stability in the market, since much of the MiniSwap design looks promising, although it is in beta.
A big problem to face for the project is a better stability of the Ethereum network, since the high costs of fees can damage the ecosystem of the project, reducing the entry of new users due to such costs of network fees, so that they will only be those users with a sustainable capital to cover these fees, limiting those users with limited funds.
The governance and liquidity system proposals that the project proposes are still under development, although it has a good community in its social networks, so the application of the project may have a certain impact on the market when it comes to market.
Pros
- Add several liquidity pool mechanisms and a governance system.
- It has a rewards program based on its MINI token.
- Determine the prices of currency exchanges through algorithms and oracles.
- offers rewards to the merchant for every transaction made.
Cons
- The project is still in the development phase.
- Many competitors in the market in this section.
- Being based on Ethereum, transaction fees can be a problem for the ecosystem.
