Monthly Update — July 2023
Glitchers, as we venture past the mid-way mark of 2023, our attention is centered on bringing utility and dApps to the GLITCH blockchain. We have been diligently working on improving the core infrastructure, successfully launching the Mainnet Bridge, and making strides in developing the GEX MVP. And with the mainnet now live, we welcome all builders to visit the documentation to deploy your smart contracts on GLITCH.
We're proud of our progress thus far and excited to share the latest updates and upcoming opportunities in the GLITCH ecosystem. To every Glitch developer, community member, and user, thank you for your ongoing support.
A Look Back At June
Technology Updates
Mainnet Bridge Launch
We were thrilled to announce the successful launch of the Mainnet Bridge, a significant milestone for the GLITCH ecosystem. With the Mainnet Bridge now live, community members can take advantage of the opportunity to migrate to the native GRC-20 standard. At this stage, users can migrate now or wait until the CEX token swap, at which time it will become mandatory.
We have prepared a comprehensive guide and article on the Mainnet Bridge to ensure a smooth and seamless migration process. It provides detailed instructions, clarifies questions, and offers valuable insights into the migration process. We encourage all community members to take the time to familiarize themselves with this resource before getting started.
Glitch Wallet on Chrome Store
Our official Glitch Wallet Browser Extension is now available for download directly from the Chrome Store. Install it today to experience a secure and user-friendly interface for storing, sending, and receiving native GLCH. Users who previously downloaded from the website can now navigate to the Chrome Store to get the latest version and no longer need to update to future iterations manually.
GEX MVP
GEX, the upcoming decentralized exchange on GLITCH, is making significant progress in its development journey. Development and QA testing are now at 80% completion.
Upon launch, two trading pairs will initially be GLCH/WETH and GLCH/USDT. WETH and USDT will be integrated into the Glitch bridge to enhance the fluidity of transactions within GLITCH. This integration will facilitate a two-way swap.
After development, the next step is to deploy the GEX MVP to the testnet. You can view the progress in the roadmap breakdown.
Core Blockchain
As we settle into the mainnet phase, one of our top priorities is enhancing the stability of the GLITCH blockchain. We are actively working on addressing minor bugs and implementing improvements that will bolster the overall strength of the network. This focused effort is crucial to prepare for the upcoming influx of new dApps deployed on the mainnet. By focusing on stability, we are building a reliable and resilient infrastructure to support the increasing ecosystem demands.
Marketing and Community Updates
As part of our ongoing efforts to engage and educate our community, we joined an engaging Twitter Space session in collaboration with our audit partner, Hacken. The discussion delved into various topics, including blockchain security, decentralized finance, and the future of GLITCH. It was an enlightening experience, and we look forward to future collaborations. Listen back to the recording of our Twitter Space with Hacken here.
One of our key focuses is the future launch of the GEX MVP. With its commitment to decentralization, the GEX is set to transform the trading experience for our community. We are working to build out a comprehensive marketing campaign that will create awareness, generate excitement, and attract users to the GEX platform. Stay tuned for updates on this exciting launch!
In addition, we are actively expanding our reach by collaborating with new wallet providers to list the GLCH token. We aim to give our community more options and convenience when accessing and managing their assets. As part of these efforts, Guarda and Assure Wallets have integrated GLCH, which marks one step of many in our journey to expand where tokens can be stored. Watch for announcements as we forge new partnerships and bring GLCH to even more wallet providers.
We continue collaborating closely with our Lumos Labs partners to plan and execute an impactful educational campaign and hackathon. We aim to provide developers with the tools, resources, and knowledge to build money market dApps on the GLITCH blockchain. The hackathon will foster creativity, encourage participation, and showcase the potential of our ecosystem. We're excited to bring GLITCH to more developers and nurture the growth of the developer community.
Have you missed the return of the monthly Global AMA on YouTube Live? Catch the recording here. Glitch Indonesia also held an AMA. Catch the recap in Bahasa and English here.
Coming up in July
Our development team is working tirelessly to enhance the network, laying a solid foundation for the next wave of innovative dApps to thrive.
Designed to bring deep liquidity and transparent governance to users, and with its commitment to decentralization, the GEX will provide a seamless platform for token swaps and contribute to GLITCH's overall growth and utility. Regarding progress, the team is working towards completing development, testing, and adding support for the two new bridge contracts. We'll continue to provide updates, and in the meantime, we'll be sharing more details about the GEX itself and the overall vision.
We're ensuring every aspect of the GEX functions at its best and gearing up to unveil the beginnings of a truly decentralized exchange that will transform how users engage with digital assets. You can read more about how your voice will shape the future of the GEX on GLITCH in our recent article. We look forward to the future and its potential for all GLITCH users.
“It’s really all about giving power back to the people. Not only will the GEX be a powerful tool to swap tokens on GLITCH, but it’ll show the world what’s achievable when a community joins forces into collective governance. Can’t wait to test drive it with everyone on the testnet and witness it all in action when it’s ready!” — Sean Ryan, CEO of Glitch Finance
Onwards and upwards,
— Team Glitch
About Glitch
GLITCH is a blockchain-agnostic super protocol explicitly designed for trustless money markets and decentralized financial applications (dApps). GLITCH solves the expensive fee structure of other blockchain platforms while simultaneously empowering all ecosystem participants and guaranteeing low network fees through a unique revenue-sharing mechanism. Glitch plans to incorporate token wrapping bridges, where dApps can run more efficiently, all in service of Glitch's ultimate goal: to become a cornerstone of blockchain infrastructure.
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