NeoSwap_ai is set to introduce a 'Token Swap' feature aimed at reducing slippage by allowing users to rotate through memecoins without passing through liquid tokens. This feature is part of efforts to address the need for batch trading, which is MEV-resistant, on Solana. Meanwhile, ApolloDAO has proposed a $500k token swap with Neutron to create a $1m APOLLO/NTRN liquidity pool on Astroport. This initiative, still at the proposal stage, aims to enhance liquidity and accessibility for APOLLO, potentially attracting more users to the Neutron ecosystem. The collaboration between Neutron and Apollo, representing the largest POL token swap, is seen as a bullish sign for the community, indicating a strong alignment and support for ecosystem projects and builders.
Currently still at proposal stage... But we believe this token swap will provide significant benefits for the Neutron DeFi ecosystem, while simultaneously helping Apollo to bootstrap deeper liquidity in a sustainable way. Thank you Dyno🫡🏹 https://t.co/xqBDwdM4Cq
The largest POL token swap @Neutron_org has ever done. This is what alignment looks like. The power of an L1 to use token allocation to support ecosystem projects and builders like @ApolloDAO. https://t.co/8byu2QMf6O
Apollo is proposing a $500k token swap with Neutron to create a $1m $APOLLO/ $NTRN Liquidity Pool on Astroport. This would cement APOLLO/NTRN as the main liquidity pool, making it easier to access APOLLO and onboard users to the @Neutron_org ecosystem. https://t.co/5VwIBtV6oR https://t.co/LBZxv1IANc
Batch trading, which is MEV-resistant, is a big need for Solana. @NeoSwap_ai's forthcoming "Token Swap" product will be partial progress towards a solution https://t.co/tBIhHKyBOh
For my low iq frens, $APOLLO proposal consequences, if approved: > Liq boost - 1m$ APOLLO/NTRN pool on Astroport > Enhanced accessibility - potentially more users > Neutron x Apollo collab - bullish sign for community, increased confidence > Apollo price stability - potential… https://t.co/jMwqEbkIy5
I think rotating through memecoins without passing through the liquid tokens, so as to dramatically reduce slippage is a great use case for @NeoSwap_ai. “Token Swap” coming soon