Some observations and thoughts on ZILSwap: What went well, its impact on the $ZIL ecosystem and where we need to improve with some concrete plans that are being worked on. A thread:

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1/ ZILSwap was launched by @SwitcheoNetwork on Oct 5, 2020 (~2 months old). Soon after, we noticed for the first time, a flurry of ZRC-2 tokens (equiv. of ERC20s on $ZIL) getting launched on the network (even though the fungible token standard had been around for a while).
2/ The ability to provide a marketplace for people to exchange tokens was the trigger for deveopers to start issuing tokens and developing a token economy. In fact, there was a token for which, the entire supply was put on a ZILSwap pool w/o any team withholding.
3/ This was an extreme example of why a DEX was needed and the role it played in bootstrapping several tokens and respective token economies. Over 25 tokens are available on ZILSwap in the form of liquidity pools. The total pool size across all tokens is over USD 1 million.
4/ ZILSwap also made it possible for the first time for anyone to get access to $XSGD (the Singapore Dollar Stablecoin issued by @xfers). In fact $XSGD and $gZIL contribute the greatest proportion of the total pool.
5/ As $XSGD and $gZIL were only available on ZILSwap initially ( $gZIL is also on @cex_io now), both have undergone significant growth over the last few months since their launch in October. ZILSwap recorded a cumulative trading volume of $1.3M for $gZIL and $750.9K for $XSGD.
6/ ZILSwap is also the address holding the largest number of $gZIL (2.67% of the total circulating supply) and the third largest holder of $XSGD (18.50% of the total circulating supply). This clearly highlights the central role of ZILSwap for these two tokens in particular.
7/ I do see two issues with ZILSwap though. The first one is around incentive. Despite the fact that ZILSwap has some incentive baked for liquidity providers (0.03% of trading fees), it is imperative to boost the incentive a bit further.
8/ More incentive will attract more liquidity providers and therefore a more liquid market for token issuers and token holders. We are extremely cognizant of this and a solution is in works.
9/ The second one is about bringing more assets that the community would like to interact with. This is where $ZIL - $ETH and potentially $ZIL - $BTC bridge will come into play. Bridging Zilliqa with other chains will bring assets from an external chain on the Zilliqa platform.
10/ The bridge would allow the $ZIL community who hold other assets such as $ETH, $BTC or ERC20s to move them on Zilliqa and be able to transfer them around without congestion or trade them at cheaper costs and that too with just a few clicks.
11/ Cross-chain bridges may also bring different communities together and allow dapp developers to target a wider userbase. However, liquidity will still remain important. The bridge and the assets will only be a step towards the goal as users will need liquidity on ZILSwap.
12/ And therefore the community contribution towards liquidity provisioning will be crucial which again makes the underlying incentive mechanism important. Furthermore, we need to understand that there is much more to be unlocked once the cross-chain assets cross over.
13/ We have to go beyond enabling people to be able to trade ETH-based assets and think of providing applications that can use those assets. Pillar for example could take those cross-chain assets as collateral.

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Fake chats claiming to be from the Irish African community are being disseminated by the far right in order to suggest that violence is imminent from #BLM supporters. This is straight out of the QAnon and Proud Boys playbook. Spread the word. Protest safely. #georgenkencho


There is co-ordination across the far right in Ireland now to stir both left and right in the hopes of creating a race war. Think critically! Fascists see the tragic killing of #georgenkencho, the grief of his community and pending investigation as a flashpoint for action.


Across Telegram, Twitter and Facebook disinformation is being peddled on the back of these tragic events. From false photographs to the tactics ofwhite supremacy, the far right is clumsily trying to drive hate against minority groups and figureheads.


Declan Ganley’s Burkean group and the incel wing of National Party (Gearóid Murphy, Mick O’Keeffe & Co.) as well as all the usuals are concerted in their efforts to demonstrate their white supremacist cred. The quiet parts are today being said out loud.


The best thing you can do is challenge disinformation and report posts where engagement isn’t appropriate. Many of these are blatantly racist posts designed to drive recruitment to NP and other Nationalist groups. By all means protest but stay safe.

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Tip from the Monkey
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Stay Tuned!


1. Yang


2. A jacobin capuchin dangling a flagellin pangolin on a javelin while playing a mandolin and strangling a mannequin on a paladin's palanquin, said Saladin
More to come tomorrow!


3. Yigang Tong
https://t.co/CYtqYorhzH
Archived: https://t.co/ncz5ruwE2W


4. YT Interview
Some bats & pangolins carry viruses related with SARS-CoV-2, found in SE Asia and in Yunnan, & the pangolins carrying SARS-CoV-2 related viruses were smuggled from SE Asia, so there is a possibility that SARS-CoV-2 were coming from