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- A new call to contribute any amount of liquidity to the VET/B3TR pair on decentralized exchanges aims to reduce volatility and solidify the growth of the VeChain ecosystem.
- By adding liquidity, VeChain ecosystem members could reduce volatility, and the stability would attract high-value businesses into the network.
VeChain’s VeBetterDAO continues to grow as one of the world’s leading on-chain sustainability solutions. The network launched the VeBetterDAO mainnet six weeks ago, allowing users to swap B3TR and VOT3 tokens, and since then, ecosystem apps have been making significant moves. But just like in any other new ecosystem, liquidity is essential for growth, and there is a new call for the VeChain ecosystem participants to play their part to grow this liquidity.
One member took to X to urge every member of the VeChain ecosystem to contribute to the VET/B3TR liquidity, reminding everyone that the genius of blockchain technology is that “the strength of our ecosystems sits not in the hands of a few but in the collective power of all of us.”
Strengthen VeBetterDAO, Build a Better Future: A Call to the VeChain and VeBetterDAO Communities
In the blockchain world, the strength of our ecosystems sits not in the hands of a few but in the collective power of all of us.
Today, I’m calling on every member of the VeChain… pic.twitter.com/AOkMJkfPx7
— Shill Collins (@Shill_Collins) August 11, 2024
He called on members to add even small amounts of liquidity to the VET/B3TR pair on decentralized exchanges such as VeRocket, VeSwap and more.
He stated:
Your consistent participation, no matter how small, will help solidify our ecosystem, reduce volatility, and build a foundation for sustainable growth. Our collective efforts can create a more robust, stable, and prosperous future for VeBetterDAO and VeChain. Let’s take action today and make a lasting impact!
Blockchain is the ultimate technology for the masses. It wrestles control from a few centralized entities and hands it to the people. Multiple nodes arrive at a consensus, and access can’t be dictated by the elites.
As the member aptly captured: “I believe in our collective vision for a better, more meaningful future driven by value, where the power of small, combined actions can make a big positive impact. I believe in the power of decentralization, in the potential of Web3 technology to create more equitable systems, and in the strength of the community.”
The project aims to increase the liquidity of VET/B3TR, which ultimately translates into a more secure ecosystem for any application that relies on these tokens and the VeChainThor blockchain. Liquidity brings down volatility, as the actions of a few players don’t have a drastic effect on the rest of the market. This stability would make VeChain an attractive proposition to serious market players and, consequently, would add even more value and liquidity, sparking growth.
The member added:
This isn’t just about supporting a project; it’s about each of us taking ownership of our ecosystem’s future. By pooling our resources and working towards a common goal, we are not just a participant – we are leaders, shaping the ecosystem’s success with our actions.
Meanwhile, VET trades at $0.02266, dipping 4% in the past day for a $1.8 billion market cap.