Currently, most liquidity on Polygon is on Quickswap. It cost 30bps to make a swap and Uniswap is gaining a lot of market shares on Polygon.
I’ve made an experiment by allocating $1500 (or so) to a 5bps ETH/agEUR and USDC/agEUR pair. As comparison the Quickswap host $5M
Yet even with such low liquidity, Uniswap is taking a visible market share.
Moreover, it seems to add trades and usage of agEUR.
If we reduce the trades to those of less than $100 (again not much liquidity on Uniswap to do better), Uniswap is almost even with Quickswap on a volume basis.
As we are moving probably to provide agEUR on Aave, it is paramount to have a great liquidity with low friction (5bps instead of 30bps).
If you want to participate, feel free to add liquidity. It’s not a great investment (2% APY?) but I guess useful for the protocol.
The parameters I used
At this stage I would avoid to add liquidity with other EUR-based stablecoins.
It would also be great to add agEUR as recognized on Uniswap/Polygon. We could also check with Gelato to provide some GUNI tokens.