Nischal Shetty, CEO of India-based crypto exchange WazirX, believes that the primary intention behind liquidity farming from the very start was to simply attract users, giving them an opportunity to try out DEXs and understand how to use them: “So despite the initial drop in liquidity when the mining rewards stop, I don’t think there will really be a decline in usage because the people who want to buy/sell crypto via a DEX, and have discovered the DEX, will stay back.”
https://cointelegraph.com/news/uniswap-fights-back-as-competitors-drain-value-from-the-dex
Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.
