Portal October 2023 Recap!
As we stride forward into an era of DeFi on Bitcoin, Portal stands at the forefront, heralding a new chapter with the announcement of the Portal P2P L2 DEX Private Beta Waitlist and Portal Atomic Swap Whitepaper release, exciting community campaigns, and more.
In this blog, we recollect the October accomplishments, delving into the intricacies of our technology and celebrating the lively spirit of our community that makes it all possible.
1/ Portal P2P L2 DEX Private Beta Waitlist Live: All eyes are on Portal as we announced the Portal P2P L2 DEX Private Beta Waitlist Sign-Up. As the Private Beta Launch nears, we released a detailed blog explaining its mechanism, solution, and more. Learn how Portal’s P2P Order Book-based DEX is set to revolutionize DeFi and pave the way for HyperBitcoinization. In case you missed registering, here’s your chance to ✅Sign up now:https://go.portaldefi.com/beta
Furthermore, as excitement builds in the community, Portal CTO & Co-Founder, Manoj Duggirala joined the community for a Telegram AMA where he shared deep insights into Portal P2P DEX, the upcoming Private Beta, development progress so far, roadmap, and more. Stay connected to get early access to Portal DEX, powered by L2 Atomic Swap.
2/ Atomic Swap Whitepaper Release: This month, we achieved another milestone by launching the Portal Atomic Swap Whitepaper — a detailed document elaborating on the Portal Atomic Swap Protocol’s technology through various instances and analogies — representing our commitment to pioneering an era of decentralized asset exchange across chains seamlessly.
Read the Whitepaper now to learn more about the Atomic Swap Protocol, P2P Swaps V1, and Cross-Chain AMM Swaps, among insights on other innovations.
3/ Portal’s Omnichain Liquidity Layer Explained: Portal’s mission to foster DeFi on top of Bitcoin was explained through a short yet explanatory video highlighting how it replaces costly, custodial, complex, & centralized Cross Chain Swaps with trustless and decentralized exchanges supported by Portal P2P DEX. Additionally, Portal’s Omnichain Liquidity Layer complements existing Layer 1 or Layer 2 chains, unifying fragmented and siloed liquidity into a safer, faster, trust-minimized, & truly decentralized infra for a better DeFi experience. Watch the video to learn more now.
4/ Halloween Campaign: The Portal Halloween made some buzz in the community and beyond as it added an additional spark to the festivities of the spooky season of October with a dark theme and exciting rewards. Check out and relive the enthusiasm of Portal Halloween with us.
5/ Portal Knowledge Quest: The Portal Knowledge Quest has been up and running with great community participation. A fun initiative to engage, educate, and reward our community where we drop questions every day on Portal Telegram & Discord Channel between 1 PM to 6 PM UTC and maintain a leaderboard for the top performers. One of the most successful community events at Portal, this gamified quiz has got a great response from the community. Learn more about it here.
6/ Role of Peers in PortalOS: From empowering end users to handling orders, swaps, running nodes, & more, Peers play a crucial role in the Portal OS. Check out more on this here.
7/ Role of a Relayer in PortalOS: A Relayer is a robust solution for cross-chain swaps, responsible for submitting Swap Intent and battling blockchain spam. The Relayer also maintains integrity with small transaction fees in $PORTAL. Read the LitePaper to learn more about the role of Relayer.
8/ The role of validators at PortalOS explained: Validators contribute toward ensuring decentralized & secure asset exchange on Portal, driving volume, liquidity & execution, staking on the Attestation Chain, and more. Learn about their role in detail here.
9/ Facilitators & Peers in PortalOS: By running PortalOS, they decentralize the network and route efficiently, paving the way for HyperBitcoinization. Learn more about the validator’s role at the Portal Network.
That’s just for October! Here’s to more milestones, more engagement, and a future where DeFi is secure, uncensored, and truly decentralized.
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