Flashback — 2022 in Review
You are about to get a front-row seat to the last 12 months of #Web3 development.
2022 was a year to remember for the Flashstake Core & Community. Those of you that have been here long enough, know that our journey began way back in 2020, with the goal of creating a decentralized marketplace where people could trade time. Suffice it to say, Flashstake has been in development for a long time, and after two iterations — 2022 was the year of Flashstake v3.
In this article, we will go back in time to recap everything that happened this year that brought us to this point.
The Early Days (Jan-Mar)
The year kicked off with planning and strategic development. In February, we onboarded Nick Mitchell, our Project Manager responsible for helping keep everything on track and moving forward. He began by helping build out our project and product management processes. This included the weekly updates you began to see on Discord, and later on Medium and Twitter. These months were also foundational in shaping the economic (and tokenomic) plan, smart contract architecture, and dApp design.
Pre-launch (Apr-Jun)
Here’s where momentum picked up! Some of the Smart Contracts began testing, while others continued the development process. The team also welcomed Ben Azoulay, the Front-end Dev in charge of bringing the dApp to life. As more of the Smart Contract work finished, we scoped and contracted out two smart contract audits to help ensure proper testing and security. With a couple of architectural pivots during this time, the protocol really took shape, embodying a decentralized ethos from the jump.
The Launch! (Jul-Aug)
The moment we were all waiting for! Community members battled the testnet, the $FLASH token was dropped and we saw Flashbacks and 3 liquidity mining contracts fill up. This was also when we saw the first Flashstakes happening!
Post launch & Bear Market (Sep-Oct)
Macro conditions worsened… we all know about that. But that wasn’t enough to stop Flashstake from growing! We launched new strategies (ETH, SNX & CRV), went live on Optimism, launched Flaave — the first Flash “skin” — and were also awarded a grant from Aave Grants.
Continued Improvements (Nov-Now)
The first Flashtronauts hit the market — and they look awesome! We also began retrofitting our QA process. With the protocol and a handful of strategies launched, focusing on refining the quality of our outputs became an important part of delivering value to our users.
On the new development side, we have been working on upgrading our Strategy Bootstrapping model, building a Lido Strategy, and on a third very important development initiative that we have not yet publicly announced. We are super bullish on all three releases, and can’t wait to share more in the coming weeks.
What’s next?
The close of one year hardly ends the work Flashstake has in front of it. In fact, between our Bootstrapping Upgrade, the Lido Strategy, and the as-yet-unannounced initiative, there is a lot coming in 2023 and beyond. For a deeper dive into the vision for the years to come, be on the lookout for an upcoming Flashstake Vision post from our very own Zachary Dash.
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