Dev Update: Tezos Rollup Demo, Plenty V3 Update, and Future Plans

Plenty has become a key part of Tezos. The Plenty Labs team has been working hard to make a safe, reliable financial market for traders, liquidity providers, and developers. Since Plenty V1 and V2 came out, we’ve seen the Tezos DeFi system grow and get stronger. We’re close to making a big leap forward, and we are excited to share our latest developments!

Live on Ghostnet: the Plenty Rollup

Please welcome the Plenty Rollup, our brand-new showcase of a lightning-fast, efficiency-focused transaction rollup system! This exciting glimpse into our technology underscores just how dedicated we are to trailblazing DeFi solutions on Tezos. Hold on tight, because this is just the beginning!

Plenty Rollup Key Features:

• Instant: Experience lightning-fast transactions with zero gas costs.
• Scalable: The Plenty Rollup achieves approximately 2000 transactions per second, potentially increasing tenfold with further optimizations.
• Secure: No reliance on multisig wallets, and fraud proofs are available from day one, ensuring secure and orderly transactions.

Want to try out the Plenty Rollup? Click here to experience the speed and efficiency of our new Rollup.

Update on Uniswap V3 Developments

Uniswap V3 brings forth an array of compelling features and improvements, from concentrated liquidity to multiple fee tiers, creating a highly flexible and efficient DEX. In line with these developments, we’ve been actively working on integrating these features into our ecosystem.

Highlights:

• Concentrated Liquidity: With Plenty V3, you gain granular control over capital allocation to specific price ranges, leading to a more efficient utilization of your funds.
• Multiple Fee Tiers: We’ve introduced varying compensation levels for Liquidity Providers (LPs) based on the risk associated with different assets. This guarantees that you’ll always receive risk-adjusted returns that are appropriate for your level of investment.
• Plenty V3 SDK: We’re proud to be pioneering the very first Uniswap V3 SDK on Tezos. This innovative tool will empower developers to craft their own arbitrage and liquidity position management bots, fueling the next generation of DeFi solutions.
• Open Source: Our SDK and smart contracts will be made available in an open-source format. This move will unlock the door for fellow Tezos builders to craft solutions that are faster, stronger, and simply better.
• Plenty V3 Analytics: Get a crystal clear understanding of your investment performance with our advanced analytics feature. This tool will provide real-time insights, tracking your financial journey in an easy-to-understand format.
• Demos, Tutorials, and Live Sessions: We’re not just about providing the tools; we want to ensure you understand them too. We’ll be offering demos, tutorials, and live sessions to educate our users about the latest features and how to maximize their benefits.
• Support and Documentation for our Oracles: To further streamline Tezos DeFi, we’re offering comprehensive support and detailed documentation for our Oracles. We’re dedicated to ensuring your journey with Plenty V3 is as seamless as possible.
• Migration Portal: A few weeks after launch of V3 we will introduce a migration portal which will facilitate a seamless transition from Plenty v2 to the new system, allowing LPs to specify a fee tier and price range for their allocated liquidity.

Future Plans

We believe in the power of community and the importance of transparency. Here’s a glimpse into our plans for the near future:

1. Plenty V3 Mainnet Launch: We are working diligently towards launching Plenty V3 on Tezos mainnet.
2. Rollup R&D + DeFi Rollup: After the successful launch of V3 on our mainnet, our attention will shift towards the development of Rollup technology, aiming to provide faster and more cost-effective transactions. This line of research and development will subsequently culminate in the creation of a DeFi-specific Rollup tailored specifically for the Tezos network.
3. Developer Engagement: Our team is gearing up to support developers intending to build on top of Plenty V3 platform, with documentation, an SDK, bot framework, and real-time support on our Discord channel.
4. Continued Support for Plenty v2: We anticipate the advantages of our v3 system will gradually draw liquidity and volume away from v2, but we are committed to maintaining support for Plenty v2.
5. Create a unified brand for Plenty: We are set to rebrand ‘naan’ to ‘Plenty Wallet’, marking a significant step in our branding strategy. Our mission will remain focused on fostering a singular, cohesive brand identity that will stand out and be easily recognized across the web3 ecosystem.

FAQ

What happens to Plenty v2?

Plenty V2 will remain functional and available for use as long as Tezos continues to exist.

Do I have to migrate my liquidity?

You are not required to migrate your v2 liquidity if you so choose. However, it may be advantageous to migrate liquidity as we expect a majority of trading volume — and, consequently, LP fee generation — to take place on v3.

Is there a v3 liquidity mining program?

There is no v3 liquidity mining program scheduled at launch. The vote escrow mechanism of Plenty v2 will be introduced over time.

Is there appetite for a Uniswap V3-style AMM on Tezos?

We are currently engaged in collaborative efforts with various Tezos protocols, all of which have expressed substantial interest in the upcoming Plenty V3. The forthcoming version of Plenty is set to become the default liquidity engine for the Tezos network. However, its relevance extends beyond just benefiting Tezos DeFi. It is also poised to serve as a foundational element for further advancements in gaming and NFT development on Tezos.

Stay tuned for more updates, and as always, we appreciate your continued support and engagement with Plenty. Here’s to a thriving future for DeFi on Tezos! 🍻

About Plenty

The Plenty team is building an all-in-one decentralized platform on Tezos. Plenty allows swaps on uncorrelated assets, and low-cost, near 0 slippage trades on tightly correlated assets. Plenty also features a built-in bridge from Ethereum and Polygon to Tezos.

Website: plenty.network

Rollup: rollup.plenty.network

Discord: discord.gg/plentynetwork

Twitter: twitter.com/plenty_network