Community Call #8 Recap

Published in

Ricochet Exchange

3 min readDec 8, 2021

This is a text digest of what was discussed on our community call. Check out the recorded call and subscribe to our YouTube here: https://www.youtube.com/watch?v=rLgy7HCu2pY

To check out the suite of Ricochet products or start streaming check us out here: https://app.ricochet.exchange/invest

Upcoming Collaborations with Ricochet

Collaborations:

Idle Finance: Within the next few weeks you will see a $WETH-$IDLE rexLP. This will give you the opportunity to stream invest in this liquidity pool and automatically reap staking rewards. You will also see an $IDLE rexMarket that will be supplemented with $IDLE and $RIC rewards. Later, we will have the ability to stream into yield-bearing idleTokens. These tokens, engineered by Idle Finance, will hunt for the best yield strategy to maximize user yield.

Jarvis Network: Provides synthetic stablecoins like $jEUR to represent the Euro dollar. Ricochet will be integrating these stablecoins into their rexMarket products, allowing people to dollar cost average into crypto with jFIAT stable coins. This will potentially be live by Q1 2022.

Angle Protocol: Similar to Jarvis they have an over collateralized $agEUR stable coin which now can be bridged to Polygon. They are partnering with Superfluid and are looking to partner with Ricochet to allow real time investing into and out of their stable coin product, read more about their partnership with Superfluid as well as potential partnership with Ricochet on their medium Here .

Updates to Ricochet Exchange

Ramp Network Fund Wallet:

- There will be an option to directly deposit funds into your polygon wallet from your bank account using Ramp Network. This is not available for United States residents as of now. However, as an alternative, the Crypto.com app provides direct on and off ramp to the Polygon network currently for United States residents. Also check out Hop Protocol to move between networks like Optimism, Arbitrum, Mannet, Polygon, and xDai.

$RIC incentive display:

- Each rexMarket will have your total subsidy shown per month. Allowing you to keep track of those sweet rewards you are receiving from streaming with us!

Stream End Dates:

- Your stream will display the end date for your dollar-cost averaging experience. This will let you know when you need to top off your balance to avoid liquidation of your initial security deposit.

Coming Improvements

- Splitting products across pages will display rexMarket, rexLP, and rexLaunchpad separately for more organization and better user experience.

- Improved wallet page will be similar to Superfluid Dashboard which shows your balance of tokens in real time as well as upgrade and downgrade capabilities.

- $RIC Distribution dashboard view and countdowns to distributions.

- Push notifications that will warn you when your stream balance is running low and other relevant notificati ons.