2022: A Year In Review | Cardstack

Updates on Card Protocol, Staking for CARD.CPXD Tokens, Cardstack Wallet, and Cardstack Framework

In 2022, we at Cardstack focused on laying the foundation for our upcoming product launches in Q1, 2023. From refining our tools to adding additional user-friendly features and strengthening our market presence, 2022 was a year dedicated to product development and growth for the Cardstack team.

Here are updates on our product development:

Card Protocol

• Revenue management and distribution: Card Protocol will now be known as Champer Revenue Management Protocol. The product suite includes tools such as revenue distribution for commissions and royalties, SaaS subscription management, payroll, and billing among others to streamline revenue generation and distribution for web3 businesses.
• Rewards distribution and rollover: A system called “Crunch” was developed for rewards distribution to users based on their on-chain activity. It has been expanded to allow for recurring rewards and to enable users to claim unclaimed rewards from previous cycles in the future. More on the rollover system here.
• Explainability: The explainability system allows our analytic processing module to capture key parameters and share them with users when they receive a reward, allowing users to have visibility into how their rewards are calculated. We are building this explainability system based on a globalized approach to support the translation of explanations into various local languages. More on explainability here.

Staking for CARD.CPXD Tokens

In July 2022, we announced staking for CARD.CPXD tokens. Users are now able to stake their CARD.CPXD tokens starting from August 1, 2022. The staking of CARD.CPXD tokens are supported on layer 2, and users can stake without handing over ownership of the tokens.

The staking rewards will be calculated through our off-chain analytics. Users will receive a reward equivalent to approximately 6% APR (0.48% per 518400 blocks) on a monthly basis for CARD.CPXD held in a depot. Learn more about Staking here.

Cardstack Wallet

We have made further improvements to our Cardstack Wallet, including adding a reward claim feature and integrating in-app purchase capabilities from Apple and Google. The team has streamlined user interface for interacting with the protocol features that are unique to our ecosystem.

On the security front, our wallet team overhauled the seed phrase management for enhanced security and support recoverability. The wallet now requires a user-chosen pin for encrypting seed phrases for backups to iCloud or Google Drive and supports Wallet Connect 2.0. Cardstack has also added support for Polygon and is working on an architecture upgrade to support multi-party/multi-signature features for business transactions on web3.

Cardstack Framework

Cardstack Framework will now be known as Boxel System and will combine Card Compiler, Framework, and the design engine. We have moved the framework from a database-dependent approach to an in-browser runtime that allows for live editing and reloading of UI definitions using an in-browser code editor.

We have also made improvements to the animation engine to support the complex movement of UI components, including those created by third-party developers. Our goal is to have this new runtime support all future Cardstack web applications, including a business-to-business invoicing tool and customer relationship management tools.

Events & Webinars

Chris at ETHCC — Paris: In July last year, our Founding Director, Chris Tse, was invited to ETHCC — Paris as a guest speaker. Chris's session talked about how we can leverage blockchain to build decentralized businesses across industries.

Web3 Watch fireside chats: Web3 Watch was one of the most shared Spotify podcasts globally in its category according to Spotify Wrapped 2022. The podcast now has over 30 episodes and has featured business leaders from Hubspot, Consensys, Hedera, and Near among others.

To get all our latest updates, star Cardstack on GitHub, and join our Discord channel or our Telegram group and announcement channel.