NiiFi Weekly Update: 27th June

NiiFi Team
NiiFi
Published in
3 min readJun 27, 2021

While we gear up toward test net, this week it was heads down, pure focus on working and building from the NiiFi team. It’s a short and sweet one this week, straight to the important points.

Let’s get down to the goods:

  • Testnet will be open to everyone, and is still on track.
  • Testnet is our opportunity to build with you, the community, updates to testnet will happen often, and we will be refining as we go — taking into account feedback to get the best outcomes for main net.
  • Below are just a few of the features we humbly think will make NiiFi hugely impactful for the DEX, AMM and DeFi space.
  • NiiFi was added to Delta app https://delta.app/en/crypto/niifi/niifi
  • Once test net for NiiFi is released, keep your eyes out for nahmii 2.0…We’ll keep you updated on when, but, suffice to say, we’re excited.
  • The marketing & PR team will begin work in earnest in July.
  • We’ve been working on some cool programs and incentives for our developers, makers and builders in the community with some well-known partners in the mix, these should be coming around August.
  • We’re keen to include every member of the community so there will be opportunities for folk who are not code-inclined too.
  • In case you missed it we are backed by some of the biggest Web 3 and ETH eco-system investors.

About NiiFi

NiiFi have built tools from the ground up to facilitate high volume institutional needs and commercial use-cases. By this we mean institutions and commercial players who want to access the unique functionality that DeFi offers but find that current implementations can’t facilitate their needs.

That’s why NiiFi will be ground breaking. NiiFi will be the Uniswap and Compound of nahmii. Except it will have the performance that is required for “real world” products. Our target is for products with 100s of millions of people, or institutions to use. Simply allowing them to dip into constant liquidity products is a paradigm shift.

Those big customers are as excited as you to see what’s coming. In many cases, we’ve been speaking to them for years. NiiFi has been designed from scratch to give them what they need & want.

This is facilitated by our underlying technology, nahmii, the only layer 2 which gives high transaction throughput, low latency, instant finality and predictable fees.

NiiFi has the opportunity to onboard institutions to be able to utilise DeFi tools, that’s the mission the team are well on the way to achieving!

Resources:

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