KingDeFi Weekly Development Update — 16
Welcome to week sixteen of KingDeFi’s regular feature article, in which the team provides development updates for the benefit of our beloved Knights. We hope you all enjoy the series and get a lot from it as well.
Week ending 15/10/2021
The past week had great news and additions.
The main things were:
- Multi-Asset Yield Optimiser audit passed
- New projects added to Main Dashboard
🔏 Multi-Asset Yield Optimiser audit passed
Hacken has finalised audit of the new Multi-Asset compounding contract.
A great well-secured rate was achieved 💪
We are fully working on integration since a week, and we are now sure to not have any delay due to security.
Find full audit report here.
The whole development team spent the whole week integrating and testing the new features. I would like to remind you here of all the new features we are implementing:
1️⃣ Buyback & Burn KROWN: 2% of the performance generated by the continuous compounding; we believe that this feature will significantly reduce inflation.
2️⃣ Automatic LP: we will make it easier for all farmers to invest in LP. For the farmer it will be enough to deposit one of the two LP tokens: we’ll take care of the rest!
3️⃣ Deposit & Withdraw in BUSD: we will allow you to invest in the LP directly from the stablecoin BUSD. Of course it will also be possible to withdraw in BUSD. A true one-click operation, amazing! Our smart contact will take care of everything.
4️⃣ Deposit & Withdraw in tokens: if you prefer to deposit/receive one of the two LP tokens instead of BUSD, we will make this possible too!
5️⃣ KROWN Boost: If you realise that you want to invest a part of the LP in KROWN tokens, there will be a one-click-solution that will allow you to do so. Again, you don’t have to waste any more time by divesting from the LP, converting to get the initial 2 tokens, then swapping one of the two, and finally buying KROWN. Our smart contract will take care of everything for you.
📊 New projects added to Main Dashboard
We are always selecting and adding new projects to our Main Dashboard, both from BSC, Solana and from now on also Polygon.
This week we added:
POLYGON: DFYN, Kogecoin, Synapse, Balancer, CompliFi
🔹Total Value Locked
🔹TVL Ratio MC/TVL
We continue to develop hard to go live with the new features! Stay tuned!
The team also really values our community and always love to hear your opinions and feedback. We look forward to hearing more from you all in the great discussion going on with our awesome mods in the community chat.