deFIRE Mega Community Update — May/June 2021

DeFIRE
deFIRE
Published in
3 min readJun 7, 2021

Hello deFIRE community,

Things move fast in crypto. Sometimes, faster than we would like! It’s been just over two weeks since our IDO concluded successfully, and while that may seem like a lifetime in crypto, it’s absolutely flown by for our team. Why? Well that’s simple, because we’ve been in build-mode!

We don’t believe in promises or announcements of announcements, so instead, here’s a mega update of things we have achieved, and upcoming milestones you can look forward to. We’re sure you will agree, it’s been a busy two weeks.

1. deFIRE Lists on Bitcoin.com Exchange — Catch the AMA with Danish Chaudhry!

The deFIRE team is pleased to share that CWAP will shortly list on the Bitcoin.com Exchange! Trading will commence within the next two weeks, and deposits will be open soon — the exact date is to be announced.

To introduce the deFIRE community to the Bitcoin.com Exchange community, we will be participating in an AMA hosted on the Bitcoin.com Exchange Telegram group on Monday 14th of June, 16:00 CEST. Danish Chaudhry, CEO of Bitcoin.com Exchange, will be pitching in to give his thoughts and opinions on deFIRE. We’re really looking forward to chatting to their 11,000-strong community! Make sure you tune in to learn more about what we have planned for the next few months.

2. deFIRE collaborates on the Ethereum to Cardano bridge

Launching through OccamRazer, and the support the Occam.fi team has given deFIRE, made us recognize that we have several close synergies with the DeFi vision that Occam is trying to achieve.

We’re on a mission to provide smart order routing DEX capabilities to the Cardano ecosystem, and Occam is on a mission to make Cardano’s DeFi landscape the next hottest (and most cost effective) protocol for yield farming, token swaps, staking, and much much more.

So, it only makes sense that we look for ways to work together on this goal. Occam has already announced that their Ethereum to Cardano bridge, built as a way to seamlessly move assets from one blockchain to another, is being built as we speak. An enormously important part of this bridge will be routing cross-chain trading data to facilitate the swaps, and it just so happens that we have some expertise in this!

We look forward to contributing our expertise and infrastructure to the Occam Ethereum to Cardano bridge, and the next updates on how this will function will come from the OccamRazer team — so make sure you’re also following their channels for more updates.

3. deFIRE explores partnership with Lumi Wallet

Over the last two weeks, we’ve been busy contacting potential industry-leading partners who may wish to leverage our leading smart routing infrastructure. Here, we’re pleased to share that Lumi Wallet, a leading crypto wallet, will be exploring deFIRE’s smart order routing capabilities to offer their customers optimal execution services.

Lumi wallet is a multi-asset cryptocurrency wallet dedicated to making it easier for crypto users to buy, send, and store cryptocurrencies. Lumi has over 100k downloads on the Android app store alone, and a vast user base. We look forward to making it easier for Lumi’s users to get the best order execution and prices for their token swaps and purchases.

4. deFIRE starts the countdown to liquidity mining

Finally, we’re delighted to announce that the parameters for our liquidity mining campaign are almost finalized, and we will be offering this reward-generating mechanism to our community in less than 10 days!

This gives every CWAP holder the opportunity to earn rewards for providing liquidity to our CWAP/ETH pool on Uniswap V2. Please remember, there’s a risk of impermanent loss with liquidity provision.

Next updates

We hope this article has given you a good overview of the direction we’re heading, and what we’ve been doing over the last couple of weeks. Of course, we know you’re also itching to hear some technical and development updates from the deFIRE dev team. We will shortly be releasing a technical overview of what we have achieved in the last two weeks. We are just crossing the ‘i’s and dotting the ‘t’s!

--

--