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Increment’s Blog

KERNEL Final Showcase & Development Updates

November was an incredibly fruitful month for us — we wrapped up Kernel with our final showcase and spent the rest of the month on protocol development. With FixedForex, Keep3r Network, Angle Protocol, and many others all building up the multi-currency stablecoin market, we’re very excited to contribute our efforts in this fast developing sector of DeFi.

KERNEL Showcase
Our journey at Kernel has been nothing short of incredible. We can genuinely say that without the relationships and learnings that we made throughout those 8 weeks, we would not be where we are today with our Increment community and protocol development. For instance, we were introduced to SourceCred during Kernel which is now a core part of our governance structure. We also attended a workshop held by Deep Work Studio during Kernel and continued to work with them on product design afterwards. The best part was that we got to define our own journey and adventure at Kernel. If you are interested in Web3, this is a great place to start.

In case you missed our final showcase, check out the link below, our presentation starts at 10:20:

Development Update
After several weeks of research, trial and error, we have made some solid progress on finalizing our V1 protocol architecture. The V1 protocol will introduce a system design that uses pooled virtual assets for liquidity and leverages Curve ‘s AMM model for trade execution. This proposes an alternative solution to current on-chain derivative protocols and establishes an improved structure for using multiple collateral assets to trade exchange rates, such as EUR, etc. More details and complete documentation coming soon.

💻 Front-end

  • Completed the first iteration of web prototype and user testing with Deep Work
  • Optimizing designs according to user feedback
  • Working on mobile designs and landing page

📑 Smart Contracts

  • Written contract flows/specifications and documentation
  • Developing core contracts
  • Building unit and integration tests

Community and Governance
We’ve been using SourceCred as our off-chain solution that tracks activity in our Discord, Discourse, and Github. SourceCred creates a publicly available output graph that quantifies members’ contributions to the platform in cred.

The Increment dashboard can be found at (Learn more at

In our most recent community call, we established a new role in our Discord called “Cred Stars”, which establishes a unique role for our top three cred holders of all time and will be updated monthly. This information is publicly available on the dashboard and we’d like to congratulate Falcon, Sovandar, and Smiley on being our genesis group of Cred Stars.

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 on December 10, 2021.



Increment is a decentralized, algorithmic perpetual futures protocol building on zkSync 2.0, empowering on-chain global exchange rate and crypto derivatives trading.

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