# AMA Community Highlights ### Recent AMAs: @bitcoinr3negade with a.out 1 on 1 interview covering important important topics like OAMM, our Trade Mining initiatives, and other features that make ICDEX so revolutionary in the DEX space — @ICPMobile with a.out — @Yukuapp with a.out in TON intellectual discourse AMA — herbert.icp, GM of Asia @dfinity with a.out, Business Operations in North America @ICLighthouse — @CryptoEights, Crypto-Centric Social Media Influencer with a.out, Business Operations in North America @ICLighthouse — ### Highlights & Common Questions #### Q: What Makes you Passionate about working for ICLighthouse and what makes it different from other jobs you've had? #### A: I worked for a previous Decentralized Exchange which was Ethereum based, but the vibe and direction that they took as a company was nothing like ICLighthouse. It felt more like they were about making money rather than changing the world. Working here has had a totally different effect on me where I feel like we're actually doing what we say to our community and making a real impact on the Ecosystem #### Q: What specific challenges or pain points within the decentralized exchange landscape does ICDex aim to resolve? #### A: Decentralized exchanges have faced a lot of challenging issues in regard to balancing the performance of the platform, making things easy to use and understand, and maximizing the trading options available to users. Thanks to the innovative technology available to us on the ICP Network, ICDex has successfully tackled these kinds of issues in creative new ways. In the past few years, Traders have seemingly settled for the limited trading options provided by AMMs, due to the simplicity of these platforms in both trading and providing liquidity but we feel that ICDex brings users that same straight-foward experience without forcing them to give up key tools like orderbooks and advanced order types. #### Q: Given these paint points or challenges faced by the incumbent exchanges, how does ICDex try to resolve them? Could you introduce ICDex to our listeners and explain what it does? #### A: ICDex has everything traders look for in an exchange. From security to being packed full of useful features for traders to take advantage of and potentially increase their returns. We offer not only live orderbooks, but also numerous order types ranging from basic limit and market orders to advanced orders like stop-limits and Grid Orders among others. Along side this wide range of order types we also streamlined the liquidity process by introducing a new pooling structure that ties to our orderbooks. #### Q: How can users and project owners effortlessly contribute liquidity to ICDex? #### A: The new setup we’ve implemented is modeled to give you a similar experience to a typical AMM exchange like Uniswap and makes providing liquidity to a pairing on ICDex extremely simple and easy to manage. All you’d have to do is navigate to our pools page on iclight and follow the prompts for your desired pool to deposit. Each pool has a detailed UI which gives users all the relevant data to manage or estimate profits for it. **As for yields, the algorithm at the heart of the pools uses a grid trading strategy to profit off a pairing’s spread. The profits from this, withdraw fees from the pool, and the trading fee rebates are all rewarded to pool participants proportional to share allocations of that pool.** **Q: Are these pools live right now? I'm seeing one of the top projects in the IC, SNS-1 has extremely high APY, over 5000%** #### A: Yes the public pools are live for participation right now and given that the pools are so new there's a pretty high estimated return for those that do participate. Over time this will decrease to reflect the higher participation in the pool as yield is spread proportionally to share holdings among participants. We hope to see this structure attract liquidity providers to ICDex much like it **Q: For users who may not be familiar with how other exchanges like Binance, OKex, or Gate, how would they typically provide liquidity?** **A: If you wanted to provide liquidity as a normal trader or market maker you would have to either develop or maybe even buy a trading bot and spend a lot of time and money dialing this in. And honestly that seems to be something that many liquidity providers don't want to have to deal with. You have to monitor it and set it up. So that's what I feel made AMMs so popular and being able to do this in conjuction with an orderbook I feel is pretty revolutionary.** #### **Q:** Could you elaborate on the user-focused features of ICDex and why it appeals to your user base? #### A: ICDex supports a much wider range of trading styles compared to other popular Decentralized exchanges, which are primarily AMMs, and when compared to a centralized exchanges we offer more security and this unique OAMM Pooling structure to make liquidity provision easy. Features like these make us pretty confident that traders will prefer the experience on our platform over others. #### Q: You mentioned the technology of ICP enabling the creation of certain features. Can you elaborate on what technology on ICP that helped you to create things that weren’t possible with other chains #### A: Our team takes advantage of things like chain-key technology and ECDSA Threshold Signatures to create new features like these. And these are capabilities unique to the IC that unlock a lot of new and untapped potential for projects. #### Q: Being Fully on-chain on the ICP network greatly increases the security of ICDex when compared to other exchanges. I'm not aware of any other DEX in the crypto space that are achieving this level of decentralization on the blockchain. Are you aware of any other DeFi teams that are trying to move the entire operation to the blockchain? #### A: I've seen some that have tried but none that have succeeded in the way that ICLighthouse has been succeeding. That's part of what makes marketing for this project so enjoyable for me is that I'm genuinely impressed with what we're doing and often times our new features blow me away. #### Q: When can we expect the introduction of the trading bot, and are there plans to include staking functionalities? #### A: We’re implementing the trading bots through two paths, one is through our strategy orders (Grid orders, Iceberg orders, TWAP, VWAP) This is implemented directly through the trading pairs and available through our iclight UI so its the most efficient and readily accessible method. The second is through the Trader Canister bot (our open source project on GitHub), which users can implement by developing a program themselves which integrates it or by modifying the Trader Canister code. #### Q: There’s some platforms that encourage users to follow certain wallet addresses to keep track of their trading strategies, is that something you think could be available on ICDex? #### A: Our team is exploring this concept and we do have intentions of releasing features along these lines at some point although there's no detailed information public right now. #### Q: When do we plan to implement stable coin support on ICDex and icRouter #### A: This is a high priority for us but we're waiting for an official launch from Dfinity to continue with further integrations. My understanding is Dfinity doesn't have a firm ETA on stablecoin support but we hope to see it pushed live soon --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://iclighthouse.gitbook.io/iclighthouse/overview/event-highlights/ama-community-highlights.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.