Polkaswap Ecosystem Updates #82, November 25, 2024
Welcome to Polkaswap Ecosystem Updates #82! In this latest edition, we dive into the most recent advancements driving innovation within the Polkaswap ecosystem. This month’s highlights include the rollout of Aggregate Liquidity Technology (ALT) for optimized trading and various user experience improvements, including streamlined wallet connectivity and enhanced privacy features in the Telegram Mini App.
As Polkaswap continues to evolve, new features like Vested Transfers, Multi-Signature Transactions, and the HASHI Bridge with TON are developing, making Polkaswap an even more robust and decentralized trading platform. Keep reading to explore how these updates are shaping the future of decentralized finance!
Key Highlights for October and November;
Release 1.44.0:
🔥 Wallet Activity Improvements
- Fiat Price at Time of Transaction
Now, you can view the fiat price at the time of your transaction — not the current rate. This brings added clarity and precision to your activity history.
- Token Icons
Token icons were added to transaction details, making it easier to identify used assets at one glance.
- Improved search behavior
When you search for a transaction that doesn’t exist, the list will now be empty rather than showing your entire history of transactions.
🖼 Overall UX enhancements
- Excluded XOR as a selected token for vested transfers (to have backward compatibility with the blockchain implementation)
- Added network switcher to the Bridge History. You can easily switch between blockchain networks to view your bridge history.
- Added status marker to the Bridge History button when a user’s action is required. This will help users understand when to act on bridge transactions.
- Added on-chain identity in the account address. So, account selection is safer and more secure.
- Added wallet send routing, for example, https://polkaswap.io/#/wallet?page=send&asset=kusd&to=cnWbtu2u7c51SPpYFr3SYDwTZkq1vF2bbaqAkCZvtCxsE19i3&amount=1000 (page=send, asset params are required, others are optional). This will help users share a link to Polkaswap with the pre-filled form and integrate it into other services.
- Enhanced the default sorting algorithm for the orderbook pair selection. Now, the most popular and tradable pairs are shown first.
- Improved the behaviour & performance of the swap transactions widget (more stable and responsive).
- Improved EVM wallet connection (more stable and reliable).
- Fixed wrong asset data in TX details for KUSD-and VXOR-based orderbooks.
- Fixed missed translation on the Referral System Bond XOR page.
- Improved rewards tab styles.
Release 1.43.0:
🏗 Vested Transfer Support
This new feature allows gradual, scheduled token distribution directly within the transfer process. You can now enable vesting for token transfers, setting an unlock frequency and vesting percentage to control how and when tokens become accessible.
🌗 Theme auto-detection and system mode
You no longer need to switch between themes — it can be switched automatically based on your system preferences.
🖼 Overall UX enhancements
- Supported languages were refined
- Icon styles for bridge connected wallets were improved
- The chart axis number format was fine-tuned
✈️ Performance and technical improvements
Backbone for the Point System Upgrade
App loading enhancements:
- Removed duplicated styles
- Optimized lazy loading for core components
- Improved app loading life cycle
Vite migration
Removed dirty hack for dialogue re-center
Release 1.41.0:
⚡ Aggregate Liquidity Technology (ALT) Support
- ALT optimizes liquidity by selecting the best chunks from multiple sources, ensuring users get the best prices on their trades.
🔑 Wallet Connection Redesign
- Improved wallet detection for both Substrate and EVM wallets.
- Predefined and recommended wallets were added for easier connectivity.
- Streamlined the user flow for a smoother wallet connection experience.
Privacy Enhancements in the Telegram Mini App
- Hide balances by rotating the screen: A new feature that hides or shows balances automatically when you rotate your screen, improving privacy.
- Enable this feature via the new Polkaswap Settings in the Telegram Mini App menu.
📱 Improved Asset Management
- Users can now add multiple assets at once. 🎉
- Support for your favourite assets and new asset filters are now available.
🖼 UX Enhancements
- New period filters for chart-based widgets.
- Updated dialogues for adding/removing liquidity.
- Better theme handling in the Telegram Mini App.
- Style improvements for the Swap page and widgets.
Ongoing Developments
Polkaswap is actively working on several projects that will further expand its capabilities and improve user experience:
Vested Transfers Support — 100% Complete
Vested Transfers allow assets to be locked and released gradually over time according to a predefined schedule. This feature is handy for distributing tokens in a controlled manner, such as vesting plans for team members or participants in decentralized governance. With Vested Transfers, token holders can ensure that assets are not immediately available but become accessible incrementally, promoting long-term commitment and reducing the risks.
Asset Owner Page — 97% Complete
This page will streamline the token issuance process, enabling users to issue tokens with just a few clicks. Future updates will allow the creation of Soulbound Tokens (SBTs), representing digital identities and unique traits.
Point System Improvements — 50% Complete
Enhancements to the Point System are underway, incorporating more on-chain data. New criteria for tasks, achievements, and point rewards will increase the system’s overall impact.
Multi-Signature Transaction Support — 40% Complete
Multi-signature transactions add an extra layer of security by requiring multiple authorized parties to sign off on a transaction before it can be executed. This feature is essential for collaborative environments like DAOs or organizations managing shared funds, where consensus among several members is needed for important decisions. Multi-signature support on Polkaswap enables safer asset management by reducing the risk of a single point of failure or unauthorized access.
HASHI Bridge with TON — 10% Complete
Following the listing of Polkaswap’s Telegram Mini App on ton.app, we’ve begun development on the HASHI Bridge with the TON network. This will enable native TON tokens to be used on Polkaswap, enhancing cross-chain interoperability.
Pool Page Redesign — 7% Complete
Work has started redesigning the Pool Page to improve statistics visibility and simplify liquidity management. More features will follow in upcoming updates.
The latest Polkaswap updates showcase steady growth and innovation. In the past month, Polkaswap has introduced powerful features like Aggregate Liquidity Technology (ALT), improving both user experience and trading efficiency. With continued advancements such as Vested Transfers, Multi-Signature transactions, and expanding cross-chain support via the HASHI Bridge with TON, Polkaswap is further establishing itself as a secure, user-friendly, decentralized trading ecosystem.
Help us Improve
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.
Bottom Line
Keep an eye out for more updates, and join us as we continue to shape the future of digital asset exchange within the SORA ecosystem. Remember to participate in the Bug Bounty program and help us maintain top security standards. Together, we’re building a more accessible and vibrant DeFi landscape.
If you missed the previous updates, check them out: October 1, August 11 / July 10 / June 5 / April 23 / March 15 / February 29 / January 29 / 2023 Year in Review / December 15 / November 19 / October 26 / October 4 / September 18 / August 31 / August 18 / July 28 / July 4 / June 16.
About Polkaswap
Polkaswap is a next-generation, cross-chain liquidity aggregator and hybrid AMM and order book DEX on the Polkadot (and Kusama) network(s), parachains, and blockchains connected via bridges. Through the development of bridge technologies, Polkaswap enables Ethereum-based tokens to be traded. This is done seamlessly, at high speed and low fees, while exchanging assets in a non-custodial manner on the SORA network.
Polkaswap utilizes liquidity aggregation technology to trade against multiple sources, promising to solve critical problems AMM DEXs face, such as impermanent loss and pair fragmentation. As an open-source project, it allows the community to add more liquidity sources, enhancing its potential. Currently, Polkaswap offers cross-chain asset exchange with major Polkadot and EVM chains, with TON coming soon.
