That's true but mistswap is different
In theory and in practise the buy pressure from the swaps can be greater then the sell presure from the yield farming
But this will take many years, most likely 5 to 7 years
it took years for uniswap to get above 1 billion dollars of volume a day
And they are the dex with the biggest network effect
And now there is also LNS sales helping with mist buy pressure
Eventually lend will come out, so rather then complain now because of the low mist price ... just stack up and forget about everything else.
Right now mist farming is being exploited by people that don't hold and only sell.
But this also opens an opportunity to stack up on cheap mist
The overal cryptomarkets are down, volume is down .... the bear market might starts. But smartBCH has lots of exciting things happening in the future. Just think about how many new users Bitcoin.com wallet support will bring
The may hard fork, will bring more attention to BCH again.
And in the summer after the SHA gate is ready, the big BCH whales will also start flowing in some of their BCH in to smartBCH
You think Jihan Wu trust a single point of failure (coinflex) to put 500 000 BCH on to smartBCH?
Or course not, he could get all his BCH impounded ....
we need to know there is a support network on BCH, at least for my project I can't do it alone. We're still considering strongly launching the next phase AVATARS NFTs on sBCH, ORB will be on sBCH for good, but the lack of a support network makes things extra hard to get help and scale on sBCH. (imo, i'm no genius like kasumi, just a boring app developer).
I hope sBCH sees a bunch of network initiatives to make it attract builders, so that we can just be focused on the product and our own marketing efforts, instead of having to also justify sBCH at the same time.
Only good projects will attract more money, and if we can do that when the defi boom comes again, sBCH will skyrocket (it's depressed rn due to bear market).
P.S. I will be making an update on the state of Sphere soon!