Polkaswap Ecosystem Updates #67, August 18, 2023
Polkaswap development status updates are released every two weeks, with development updates from across the community.
If you missed the previous ones: July 28 / July 4 / June 16.
Greetings to the vibrant Polkaswap community! As we navigate the bustling world of decentralized finance, our commitment to updating you with the latest advancements and improvements remains unwavering. Every update in this bi-weekly report emphasizes our vision of making Polkaswap at the forefront of DeFi innovations.
In this edition, we are thrilled to spotlight two significant enhancements that were added to Polkaswap and promise to redefine your Polkaswap experience.
In the spirit of our Polkaswap name and vision, we’re making strides to embody the very essence of Polkaswap, hinting at the exciting possibility of having Polkadot (DOT) integrated into our platform. The SORA Polkadot Parachain crowdloan is ongoing; once the parachain is secured, we will finally achieve the important community milestone of enabling DOT trading on Polkaswap. You can participate in the crowdloan through Fearless Wallet or your favorite Substrate network walled and on Polkadot.js.
The SORA community will back your contributions with gold, awarding the equivalent of 0.1337 g of synthetic gold for each DOT (0.0043 XSTXAU per DOT) contributed. We thank you for your support!
Furthermore, many incremental updates and ongoing developments aim to bolster the platform’s robustness. Whether you’re an early adopter, a crypto newcomer, or a long-standing community member, something exciting is in store for everyone. Dive in to discover more!
🔥 This Month’s Hottest Highlights 🔥
SORA Card Sign-ups are live!
Polkaswap v.1.18.0 was launched with something exceptional! SORA Card sign-ups are now LIVE!
Navigate to the SORA Card section, undergo the KYC process, and secure your SORA card. Attention early adopters: rewards await!
More details at soracard.com
Additionally:
🌉HASHI Bridge Updates
- Optimized EVM-based networks expected fees
- The balance system was overhauled for precision
- Running out of funds for fees? We’ve integrated a prompt just for that!
🖥UI Enhancements
- Sharpened node names displayed in the status bar!
- Streamlined the network selection dialog for seamless transitions
The full release scope can be found here.
Connect with Google now live on Polkaswap!
Another exciting Polkaswap.io 1.19.0 release was delivered, which includes a powerful feature for crypto newbies! Connect with Google 🔑.
Create or import your SORA account & sign transactions via a connection to your Google account seamlessly without having to install or connect an external wallet.
Additionally:
- Address Book with on-chain identities
- Price impact notification for swaps
The full release scope can be found here.
Ongoing Developments
As we continue to push the boundaries of DeFi, several notable items are currently in progress:
- Implementation of Subsquid service — 99% complete
To improve the accuracy of the data provided on Polkaswap, we have teamed up with Subsquid to bring even more metrics to the Statistics page. Preparing the feeds and ensuring compatibility is the first part of adding Subsquid data.
- Integration of Subsquid service to Polkaswap — 85% complete
The second part of adding Subsquid data to Polkaswap is being worked on in tandem. A clear overview of all the token movements and network changes requires a lot of data. By integrating a Subsquid feed, we ensure you have a reliable and accurate source of information for all your needs.
- Development of the SORA substrate bridge — 85% complete
We’re inching closer to perfection with the SORA<->Substrate bridge, already flexing its muscles on the public testnet: test.polkaswap.io. Now the focus turns to improving the history management for bridge transactions & history restoration.
- Implementation of Order Book & limit orders — 20% complete
The dev team is still concentrated on logic implementation & UI preparation in terms of different widgets like the order book itself, depth chart, trade history, place order UI, etc. The next step will be indexers integration for order book history.
- XOR native staking UI — 20% complete
Native validator staking is making its grand debut, all within the chic confines of Polkaswap’s interface! Instead of nominating your favorite validator from the Dotapps.io interface or Fearless Wallet, you can choose and fund your favorite nodes with style and freedom! Development for this feature has just begun, so more details will be available as work progresses.
Bottom Line
Great things are coming down the pipeline for Polkaswap; with the SORA Polkadot Parachain crowdloan, the community will finally be able to put the DOT in Polkaswap, this has been a long time coming, and we are at the final step.
Thank you for the ongoing support. With your contributions, we are sure we will secure the Polkadot parachain, effectively making Polkaswap the DEX for the interoperable future and center of liquidity of the Polkadot/Kusama ecosystem and beyond.
Polkaswap’s style and freedom will soon open the liquidity floodgates in the Summer of SORA (ソラの夏)!
Help us Get Better
The Polkaswap Bug Bounty is ongoing! Submit your findings to the Immunefi platform!
Read this article on the SORA / Polkaswap Bug Bounty Programme for more information and participation rules.
About Polkaswap
Polkaswap is a DeFi application on the SORA network, it is a non-custodial liquidity aggregating, cross-chain AMM DEX designed uniquely for the Polkadot ecosystem. It offers boundless liquidity through its one-of-a-kind Aggregate Liquidity Technology (ALT).
Polkaswap utilizes SORA network interoperability with the Polkadot and Kusama networks, as well as the capability to bridge external blockchains (like Ethereum) to the Polkadot ecosystem.
