V1 Platform Development Update — 4 May

What’s new since the platform launch?

On April 15th, we launched the BonFi V1 Platform for the public. Through our DeFi aggregator, users gain access to various native DeFi products and recommended third-party DeFi products using advanced algorithms that cover crypto market data, behavioral data, and risk sentiments. Post-launch we received valuable feedback from the community that allows us to improve the platform further. Here is a brief overview of the changes and optimizations we have made during this period.

User Optimization Bug Fixes & Changes

  • Fixed bugs that caused the portfolio page to display incorrect crypto values & total holding values.
  • Added new project logos for small market-cap projects.
  • Fixed a front-end error that leads to the DeFi page displaying wrong staking reward amounts.
  • Fixed a front-end bug where the wrong maturity date for staking was displayed.
  • Corrected minor spacing and language issues on different sub-pages.
  • Multiple users felt that the portfolio box on the home page was not structured intuitively. We have rearranged the order of data displayed to make it more user-friendly.
  • Fixed a front-end bug that in rare cases lead to page crashes on iOS devices.
  • Added a function that enhances page loading speeds across different devices and browsers.
  • Fixed an issue where the BonVest page was not loading if the user did not connect to MetaMask first.
  • Updated our user guides on Gitbook to address frequently asked questions by the community, particularly about staking.

BonVest Data Analytics Improvements

  • Added additional evaluation parameters to boost the quality of DeFi project and product risk scores.
  • Improved data fetching capabilities by upgrading our data crawlers.
  • Designed new functions to enhance the quality of data queries to increase BonVest’s reliability.

Smart Contract Activities & Updates

  • We raised the APYs for all staking pools by 300% based on market development and community feedback (Link).
  • Solved an issue concerning staking where users were redirected to the Rinkeby network rather than Ethereum Main Network.
  • Completed a token burn of 18.75 million BNF to reduce the overall supply of tokens and boost scarcity (Link).

Ecosystem Expansion

  • Integrated the BonFi Liquidity Staking Pool to Zapper.fi, allowing users to provide liquidity to Uniswap and zap into liquidity staking in a one-stop process (Link).
  • Completed BonFi Cross-Chain bridges, linking BNF to five new blockchain protocols: Binance Smart Chain (BSC), Huobi Eco Chain (HECO), OKEX Chain, NULS, and Nerve (Link).

The Road Ahead

In the coming days and weeks, we will continue to optimize, improve and expand the BonFi Platform. Your continued feedback is invaluable to us. We warmly welcome community feedback and suggestions for new features. Please feel free to reach out to us via Telegram. Together we can further expand the BonFi Platform!

About BonFi

BonFi is a multilayered open finance liquidity mining service platform complemented by the AI-powered BonVest, a professional cryptocurrency liquidity mining solution. It expands the DeFi financial product offering by combining smart contract staking and a managed cryptocurrency liquidity pool to achieve sustainable benefits for users.

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