Monthly Development Report | April 2024
Summary
Last month marked the completion of development work on major improvements to MultiSwap, introducing significant improvements to the UI and enhancing user flows. Alongside, the team prioritized the completion of other essential features, including same-network swaps and CCTP integration. These enhancements aim to provide users with a smoother and more efficient trading experience on MultiSwap, aligning with the platform’s commitment to continuous improvement and innovation.
Significant progress was made on the Mainnet front as the team began extensive integration efforts with the Bitcoin network within the Quantum Portal. This involved adapting non-EVM security protocols to support the unique requirements of the Bitcoin network. Moving forward, the team will continue to build on this progress, furthering efforts to integrate Bitcoin into the Quantum Portal.
A Quick Summary of Dev WIP
- Mainnet Development
a. Runes integration COMPLETE - MultiSwap
a. Same network swaps TESTING
b. CCTP integration TESTING
c. MultiSwap enhancement TESTING
d. Audit 2.0 IN PROGRESS
e. Fee Manager DEV
f. MultiSwap Analytics DEV
g. Omni Chain Liquidity DEV - Design
a. MultiSwap enhancement COMPLETE
Mainnet
Last month, the mainnet team worked on runes integration and native btc support via inscription. This completes the end-to-end flow for non-native asset import (BTC). The next month’s focus is to release the alpha version that will be available for public testing, this includes creating containers and orchestration layer for all services.
MultiSwap
We are excited to share the progress we’ve made at MultiSwap over the past month, as we continue to evolve our platform to provide you with an even better decentralized trading experience.
Our top priority this month has been the development and preparation of massive enhancements to MultiSwap for testing. MultiSwap now features an updated user interface with improved flows, resulting in a more intuitive and seamless trading experience. We’re confident that these enhancements will make navigating the platform easier and more enjoyable for all users.
We’re pleased to announce the completion of development for same-network swaps, a feature that allows users to swap their tokens on the same network. This improvement enhances convenience and streamlines the trading process, ensuring that users can execute swaps more efficiently without the need for additional steps or conversions.
Another major milestone achieved this month is the development completion for CCTP integration. With CCTP integration, users can now swap larger amounts without impacting slippage, resulting in better quotations for their larger fund transfers. This integration enhances the liquidity and efficiency of MultiSwap, empowering users to execute transactions with confidence.
In our ongoing efforts to expand the reach of MultiSwap, we have added three new networks to the platform. These additional networks will provide users with more options for swapping their assets and accessing new markets.
About Ferrum Network
Ferrum is Pioneering Interoperability 2.0 — a new era of interconnected blockchains. Powered by a multichain messaging engine known as Quantum Portal, Ferrum Network’s mainnet will bring value, data, and functional interoperability to every chain in the industry.
Utilize Ferrum Network to build and deploy solutions on one network and instantly enable multichain functionality without the burden or technical debt that comes with managing a multichain infrastructure.
