Initial dApps in the Glue Ecosystem

By launching with these essential dApps, Glue addresses the core functionalities needed to compete with centralised exchanges. The integration and optimisation of these protocols ensure a seamless user experience, high security, and robust liquidity, setting the stage for a thriving and innovative ecosystem. This foundational suite of dApps will not only meet immediate user needs but also provide a solid base for future growth and development within the Glue network.

To meet the core functionality required to compete with centralised exchanges, Glue will launch with a suite of decentralised applications designed to provide a seamless and comprehensive user experience. These initial protocols are carefully selected to address the fundamental needs of users and to create a vibrant and integrated ecosystem. The launch dApps include protocols that will not only fulfil the essential use cases to compete with a CEX but will also be natively integrated with each other, creating a cohesive and synergistic ecosystem. The launch dApps include:

Decentralised Exchange (DEX)

Best Execution Price and Low Slippage: The Glue DEX will prioritise offering the best execution prices and minimising slippage. This ensures users get the most value out of their trades and experience fewer discrepancies between the expected and actual trade prices.

Wide Variety of Top Tokens: To cater to diverse trading needs, the DEX will support a broad range of top tokens, providing users with extensive choices for trading.

Router for Optimised Trades

Neutral Frontend for Developer Incentives: The trade router will make the frontend credibly neutral, encouraging developers to launch their own protocols on Glue and compete with the initial offerings. This neutrality encourages innovation and diversity within the entire ecosystem.

Limit Orders: To minimise slippage for larger trades, the router will support limit orders, allowing users to set specific price points for their trades and ensuring better control over transaction outcomes.

Stablecoin USDg

Optimised for Stability: Unlike other stablecoins that might take undue risks, Glue's stablecoin, USDg, will be optimised for stability. The goal is to make the entire ecosystem thrive, avoiding unnecessary risks that could destabilise the platform.

Lending Protocol

Support for Stablecoin: A robust lending protocol is crucial to support the ecosystem's stablecoins. It will use deposits that generate yield, ensuring the stablecoins are well-collateralized.

High Security Parameters: The lending protocol will be optimised and parameterized for high levels of security rather than maximal yield. This focus on security ensures user funds are safeguarded, to build trust and reliability.

Collateral and Liquidity Integration

Stablecoin Collateral: The stablecoin will use deposits from the lending platform as its collateral. This integration maximises the liquidity available on the lending protocol and enhances the stability and utility of the stablecoin. This approach differs from other protocols like DAI, which do not prioritise ecosystem-wide optimisation. In the future, collateral from third party lending protocols can also be accepted as collateral pending a governance vote.

Incentivized Pairs: All incentivized trading pairs on the DEX will be USDg, the native stablecoin, paired with various tokens. This strategy maximises the usefulness and adoption of the stablecoin, ensuring it becomes a central component of the Glue ecosystem alongside a more unified and united ecosystem and easier usability.