Hot Take: I think to see a new ATH on Snek and create massive and lasting FOMO, they should potentially forgo paying for global listings, and instead use the funds to acquire one or more revenue generating businesses.
The first smart thing they did is not pay for listings in the current market. I don't see much value from adding more CEX to the current list besides a short-term price pump that will fade away in a couple days. At this point i feel like its more of a sell signal to many of the holders who have been waiting for it.
Instead, the real UNO reverse card is Snek deploying that loan capital to purchase a Web 2.0 (a la Snek energy) or Web 3.0 (defi dapp) revenue generating business to add to its current portfolio. One of the most incredible Snek comebacks was after the announcement of Snek Energy.
It not just adds another source of income to pay the loan, but owning the asset will be another burn mechanism after the loan is paid. And compare that to paying a listing fee that will perhaps benefit Cardano and Snek in the short term, this will achieve the same effect on top of sustained future resilience and growth.
Maybe it's a little more ambitious than paying a listing fee but i don't doubt the teams ability to execute something like this
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The new $USDCx stablecoin will unlock something Cardano has been missing and it’s hugely valuable for the ecosystem’s economy.
If you want to generate yield right now on existing Cardano stablecoins (USDA, USDM, or DJED), you need to account for the elephant in the room: the cost of getting in and out of stablecoins.
For 99% of users, getting a stablecoin starts with swapping from ADA. Between DEX fees, potential depegs, and low-liquidity pools, acquiring a large amount can cost real time (DCA) and real money. For example, on DexHunter, swapping $100k into USDM can cost ~5% in slippage/fees. The larger the amount, the worse it gets. Round trip (in and out), you’re talking 10%+ in losses on a $100k “stablecoin investment” before you’ve even earned $1 of yield.
If you’re down 10% on entry/exit, it doesn’t matter if you can earn 7% on lending in a year. This makes it financially unattractive for most users and keeps Cardano stablecoin liquidity extremely low, because people can’t acquire stablecoins at a competitive price (e.g., <0.1% effective swap cost).
With a native bridge that lets you swap 1 $USDC for 1 $USDCx, everything changes. You don’t need deep Cardano DEX liquidity just to start earning yield on Cardano DeFi. You can buy $USDC on a top CEX at the most competitive price, bridge it 1:1 to Cardano as $USDCx, and deploy it immediately.
That unlocks access to stablecoin strategies that can generate 5–10% APY on Cardano DeFi protocols like lending, and I wouldn’t be surprised to see 12–20% if demand is strong. If people are willing to pay 5–10% APY on ADA loans, they’ll likely pay a large premium for USD loans.
I can’t wait to see the ecosystem expand with this new offering, and I definitely can’t wait to borrow $USDCx using my $SNEK as collateral.
The first-ever official Snek physical collectible.
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Coming this December.