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The number of bridged assets has increased in the last period as Blueflash19 pointed out on some other bridged assets on Messina like Pepe 2.0 (#844).
It was decided that we don't implement a custom 1:1 exchange for Messina's mAlgo (#806) and that we lean on the ecosystem's AMM liquidities instead. And the story probably doesn't end with Messina, I guess those custom exchanges need to be implemented for other bridged assets too.
But what exactly we can do about that?
If those bridged assets can be swapped to others' chain USDc then we could evaluate such a USDc value as it's Algorand's, but in the above case users can only swap Algorand Pepe 2.0 to Ethereum's Pepe 2.0 and so we can't get any starting point for evaluation.
Is there some other aspect I'm missing here? Or, does someone have an idea how such assets can be presented more properly than just leaning on Algorand's AMM liquidity?
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The number of bridged assets has increased in the last period as Blueflash19 pointed out on some other bridged assets on Messina like Pepe 2.0 (#844).
It was decided that we don't implement a custom 1:1 exchange for Messina's mAlgo (#806) and that we lean on the ecosystem's AMM liquidities instead. And the story probably doesn't end with Messina, I guess those custom exchanges need to be implemented for other bridged assets too.
But what exactly we can do about that?
If those bridged assets can be swapped to others' chain USDc then we could evaluate such a USDc value as it's Algorand's, but in the above case users can only swap Algorand Pepe 2.0 to Ethereum's Pepe 2.0 and so we can't get any starting point for evaluation.
Is there some other aspect I'm missing here? Or, does someone have an idea how such assets can be presented more properly than just leaning on Algorand's AMM liquidity?
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