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Increment’s Blog

Aave Grants, zkSync 2.0, and more!

February was an eventful month for the Increment protocol, with the announcement of Building on zkSync 2.0 and Receiving an Aave Grant, significant milestones were achieved. This sets the foundation for a new pace of expansion for the protocol and community in the coming months. First, a quick recap on the announcements:

That said, aside from hedging your USD exposure on Aave yield, there are many other use cases for exchange rate perpetuals especially in today’s world events, as described by Charles (also known as Closer on Discord), one of our community members:

Moreover you can use Increment [to hedge] against rising inflation/CPI, which is caused by economic depression or geopolitics conflict. Recently the Russia — Ukraine’s situation is severe… So we can use Increment to open a 5x or 10x leveraged long position at market price on Increment’s perpetuals with USDC in advance because the value of USD will increase versus EURO definitely. And the reality proved it. So we can see [that] Increment is really useful and incredible where not only we can make profit but participate in crypto without exchange rate risks.

Development Update

From a technical standpoint, our engineers are focused on preparing for the pre-audit with Secureum in about 3 weeks time and our upcoming public testnet release. In terms of community growth and development, we have achieved incredible growth in numbers over the past few weeks.

📟 Operations

💻 Front-end

📑 Smart Contracts

📈 Quant

Lastly, with the continued growth of the community, we have decided to increase the number of Cred Stars from Top 3 to the Top 4 ranked community members of all time shown here. Thus, we are delighted to welcome flacko300#6590 as a Cred Star! 🎉 ⭐

Increment is a decentralized, algorithmic perpetual swaps protocol building on zkSync 2.0, featuring automatically concentrated liquidity, dynamic fees and parametrizable pools.

To learn more, visit our Docs
For the latest updates and news, follow us on Twitter
Join the community on Discord.

Originally published at https://increment.substack.com on March 9, 2022.

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Increment

A decentralized, algorithmic perpetual swaps protocol on zkSync 2.0, featuring automatically concentrated liquidity, dynamic fees and parametrizable pools.