The Weekly Dharma: June 16
Welcome to The Weekly Dharma
The Weekly Dharma is the TL;DR resource for the abundant flow of news and information about Nirvana. Each week we will share dev updates, roadmap announcements, and more with the community.
Lots of good stuff happening this week, let’s dive in!
This week’s highlights:
- Oracle Pricing pushed live
- Front-end analytics integration
- Slow load issue addressed
- RPC Selector added
- Solflare web wallet enabled
- APR reduction on Raydium
- DAI onboarding — next week!
Oracle Pricing has been pushed live to mainnet
True oracle pricing is now live for purchasing ANA in the Nirvana dApp. As a reminder, these price oracles will serve as “automated circuit breakers” in the event of a stablecoin depegging (both high or low), protecting Nirvana users.
Now that Switchboard oracles have been implemented to track the price of stablecoin assets, if an asset’s value moves outside of pre-established error bands, Nirvana will reject trades for it.
With these automated safe-guards in place, the collateralization of NIRV/ANA will be better protected.
Front-end analytics integration
We have integrated some analytics to the web client for some juicy stats. :)
Google Analytics has been added to all user actions, logging transaction metadata, status, and errors in order to greatly improve UX of the Nirvana app.
Slow app load issue addressed
Recently the dApp interface was taking a while to load.
This week we streamlined data fetching in the webclient to ensure faster loading in the app, providing improved performance and user experience.
RPC Selector added
RPC selector toggle has been added to the dApp! Users will now be able to select which node to use meaning that in times of outages, you will be able to adapt by selecting alternate node providers.
Solflare web wallet enabled
The web-extension version of the Solflare wallet can now be used with the Nirvana dApp.
APR reduction on Raydium
prANA rewards are being sunset on the Raydium pool. Starting on June 10, the rewards were reduced by 20%. They will continue to be reduced by 20% per week as we work towards an end date to shut them off completely.
DAI Onboarding
We’re just about ready to launch DAI as a new stablecoin accepted by the protocol. The plan is to roll this out in the next few days.
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Namaste, friends! See you next week!
