OIN’s First Bi-Weekly Report!
The first bi-weekly report quickly recaps the month of October.
BD & Partnerships
OIN reaches a strategic partnership with DIA!
The two companies will be working together starting with OINDAO, a decentralized stable assets issuance platform, which creates a new mining scheme for communities and providing new paths to spread incentives.
There are more announcements coming in the month of November, so stay tuned!
Technological progress
Completed tasks
- The OINDAO-V1’s functions such as minting/pledging, claiming rewards, redemption, and viewing transaction records in the Ropsten test environment.
- The internal core smart contract testing was completed and passed the security department audit, and the contract was fully rolled out to the main network.
- Completion of the upgrade of the stability fee collection, support charge-by-time and annualized collection, and 2/3 of the stability fee will be broken into the burn address of the Ethereum network for destruction.
- The upgraded oracle contract supports dynamic parameter price feed, and calculates the index weight price from multiple sources to complete the price feed mechanism.
- Used block information analysis technology to complete the collection and retrieval functions of pledge, redemption and other records.
- Completed the dynamic search of the recent average gas price to provide a more reasonable configuration cost for the contract function.
- Completed the contract configuration and management module, through dynamic modification of parameters and testing.
Forward-looking processes
- The pledge, redemption, mining, recording and other functions of the multi-fund pool have now been deployed on the Ropsten testnet.
- The functions of the major update have run through its initial tests.
- Provide a backend interface with different parameter configurations for senior managers and contract operators. This feature is currently under testing.
- Support for the realization of multi-currency mining function is under evaluation and development.
- The mobile UI interface has been prototyped, and the front-end interaction part is in progress.
- OINDAO’s core contract automatic generation and release function is under evaluation.
Community Outreach
On October 31, the co-founder Richie Li of the OIN project conducted the first Bi-weekly AMA in the telegram community.
In the first and third weeks of each month thereafter (not including the first week of November), we will hold an AMA within the community, answering important questions from the community and generally connecting with our followers. There will be OIN airdrop rewards during each event for the actively participating community members.
Followers / Group Members
Telegram 11,031 — Twitter 6,291 — Wechat 1756
About OIN Finance
OIN is a cross-chain layer 2 infrastructure that opens the door for all the blockchain assets to leverage the growing DeFi space. Starting with OINDAO, users can leverage their assets to create their own stablecoin, allowing new use cases and methods of incentive distributions. OIN will build the bridge technology to seamlessly integrate Ethereum and others to start into its ecosystem, opening up to all of the current DeFi space, leveraging their assets and providing yield stacking, mining pools, and more. The dedication to this end is reflected in a three-pronged mission: become the gateway into DeFi, promote the DeFi industry, and grow the DeFi Space to maturity.
To keep updated on our progress, follow OIN Finance at:
Homepage: https://oin.finance
Medium: https://medium.com/oin-finance
Twitter: https://twitter.com/FinanceOin
Telegram: https://t.me/OIN_Finance_Eng
GitHub: https://github.com/oinfinance/oin
E-mail: team@oin.finance
