As we know, liquidity on the NDX token is still fairly low.
I propose a solution for this, the creation of an index that contains NDX-ETH LP as one of the assets or the addition of NDX-ETH LP to an existing pool. This would incentivize ownership of the NDX token and incentivize LPing in one move.
User flow: Buy NDX > (Buy ETH if they don’t have it) > add liquidity > mint index token with NDX-ETH > stake index token.
Additionally, minting of the index token with the other assets than NDX-ETH would create buying pressure on NDX-ETH.
User flow: Mint index token with other asset(s) > index internally balances by purchasing NDX and LPing > user stakes index token.
Thoughts?
Seems like everyone wins. More liquidity, positive feedback buying of NDX, index token holders get NDX exposure and benefit from the feedback’s effect on NDX price.