V1 Platform Development Update — 18 August

Post BSC Platform launch updates and Platform / Smart Contract Optimization

With the successful BonFi BSC Platform launch, we provide our community with the additional utility of the BNF token and use cases across multichain applications. This month’s Platform Development Update focuses on the BSC Platform launch results and the platform / smart contract optimizations completed by the BNF team.

BonFi BSC Platform Launch

The BNF team has successfully deployed the highly anticipated BonFi BSC Platform. Using Cross-Chain Technology, our community is now able to leverage the flexibility of the Binance Smart Chain. Simultaneously, users enjoy the benefits and liquidity of the Ethereum Network by easily swapping the BNF token between both blockchains. As one of the first AI-powered DeFi aggregators, BonFi is offering a fully functioning cross-chain DeFi platform.

Notable updates and documentation:

Platform Optimization Bug Fixes & Changes

  • Improved loading times when switching between BSC and ETH network while browsing the DeFi offering
  • Expanded indicator library for BonAI
  • Worked on smart contract optimization to reduce gas fees
  • Fixed user reported issue, where APY was not displayed correctly through the front end for the BSC LP pool and deployed changes to production server
  • Fixed user reported issue, where DeFi chart was not displayed correctly while accessing the BonVest

BonVest Data Analytics Improvements

  • Adjusted weighting for various project-related risk scoring metrics to account for black swan events
  • Added additional support for high volatility indicators and optimized logic to account for high indicators when measuring various metrics within the BonAI
  • Extended data libraries to expand upon the existing subset

Ecosystem Expansion

  • Continued outreach for potential partnership discussions
  • Joined the SCO Platform commission (Link) for joint initiatives and ecosystem expansion
  • Preparing and testing smart contracts for multi-yield partnerships with 3rd party projects

The team continues to work on the Roadmap (Link) while striving to create a bigger and better ecosystem. With the help of our community and partner projects, we are set on a path that aims to transform DeFi in the long term.

As always, we continue to welcome community feedback and suggestions for new features and ideas. 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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