🪏Jon Kravetz

Jon Kravetz -- Founder and CEO of @CswapDEX--former student of Mathematics and Philosophy @ UC Irvine. Creative Technologist & Dreamer.

[🪏Jon Kravetz @CSWAP_Destroy]

It's clear to me that CSWAP is the DEX where community needs to LP.

Why?

$CSWAP is not a throw away emissions token, it's a yield bearing asset that scales linearly with usage.

Participation on CSWAP is rewarded with long term alignment. This is meaningful differentiation.

[🪏Jon Kravetz @CSWAP_Destroy]

I'll share this with the team and see what they say. We actually have a few different dapps we're running, so its not just the dex. Keep in mind that our time itself isn't cheap so spending a lot of time on cost optimization and/or if creates additional overhead might not be worth it!

[🪏Jon Kravetz @CSWAP_Destroy]

@CryptoJoe101 @Cardano @awscloud Is this a reasonable cost in your view?

[🪏Jon Kravetz @CSWAP_Destroy]

@CardanoG1 I'm not concerned about spending hurting ADA's price. I am concerned about not spending hurting ADA's price. ADA's value is dependent on ecosystem adoption. Bitcoin is valued differently.

[🪏Jon Kravetz @CSWAP_Destroy]

There is way too much cynicism towards ecosystem builders on Cardano. L1 tokens are correlated more than ever with adoption and ecosystem KPI. If we continue to dunk on builders while we throw money at infrastructure and operations, then $ADA will continue to suffer. This is business 101.

Right now, dReps are their own worst enemy.

The best chance $ADA has of recovering is through sustainable ecosystem growth. Stop scapegoating ecosystem builders and demand a growth strategy from the founding entities.

[🪏Jon Kravetz @CSWAP_Destroy]

@CardanoG1 It sounds like they can cover the grants with the fees...

[🪏Jon Kravetz @CSWAP_Destroy]

@dankarda @NicolasC3rny @TapTools 100%. I'm all for enterprise adoption, but we can not abandon DeFi. We need to be smart to compete. Some of us can help with that. If CF will allow us to help....

[🪏Jon Kravetz @CSWAP_Destroy]

@dankarda @NicolasC3rny @TapTools That needs to change. Cardano was built for Defi. We need to stay true to that vision.

[🪏Jon Kravetz @CSWAP_Destroy]

Certain team members from CF seem to really undervalue ecosystem builders and our importance. It hurts to read things like this, but I remember it comes from a place of incompetence and lack of empathy...not malfeasance. Speaking like this of teams who have committed to building on Cardano is wrong and insensitive.

[🪏Jon Kravetz @CSWAP_Destroy]

@KevinBarss @NicolasC3rny It is insane. CF's market maker just put all the liquidity on DEXs with dead tokens that nobody wants. It makes no sense to me.

[🪏Jon Kravetz @CSWAP_Destroy]

@blockjock2017 @NicolasC3rny I honestly don't care anymore about governance. It's a failure. There is no business value in it. It needs to be scaled back dramatically. We can not afford to go through this ever again.

[🪏Jon Kravetz @CSWAP_Destroy]

@GilbertStClr @NicolasC3rny @dannyribar Predatory gambling app thats extractive. Or monopoly that has already received an unfair share of subsidies that isn't growing the ecosystem...its crazy talk.

[🪏Jon Kravetz @CSWAP_Destroy]

@NicolasC3rny @dannyribar Without builders the chain has no economic security. We are not living in a world where ADA can thrive on narrative. We want to work together with the FEs to make Cardano successful. I hope you want that too.

[🪏Jon Kravetz @CSWAP_Destroy]

@dannyribar @NicolasC3rny Agreed. Ecosystem builders are vital to Cardano's economic security...not all of us, but some of us. We also represent all upside for the chain. We can not be treated like we are disposable. We must work together with the founding entities to make Cardano investable.

[🪏Jon Kravetz @CSWAP_Destroy]

@phil_uplc @NicolasC3rny Honestly TVL on Cardano is bullshit. A lot of it is subsidized by Wave and other institutions. Even Charles said some of the older protocols are un-investable. Crypto users aren't stupid. They don't want these 99% dump tokens. I keep saying this but it falls on deaf ears.

[🪏Jon Kravetz @CSWAP_Destroy]

@CardanoG1 I don't know what Bitcoin spends annually....do you?

Bitcoin and Cardano are not the same thing.

[🪏Jon Kravetz @CSWAP_Destroy]

@NicolasC3rny We look forward to getting more support. We are going out and getting more capital and users for Cardano and our DEX has superior economics for DeFi that will stimulate growth with a liquidity injection. We're tired of being overlooked.

[🪏Jon Kravetz @CSWAP_Destroy]

@iagadanight @CashAnvil No. I started this project after i saw 2000 people get financially wrecked by a Cardano Dex. I wanted to help them. I've been here ever since...that was 4 years ago.

[🪏Jon Kravetz @CSWAP_Destroy]

@IOHK_Charles Sorry you’re a having a rough day bud. Things will get better. ♥️

[🪏Jon Kravetz @CSWAP_Destroy]

@Jaymeon__Jones @JaromirTesar @blockjock2017 Its not worth the risk or opportunity cost to them, and I respect that. Another year of running tap tools in an under resourced ecosystem...I wouldn't want to do that....profitable or not.