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RiskSwap Dev Diary: November 2021

Gm & Gn the RiskSwap fam!

Our dev diaries have become a nice tradition helping us share the most important updates from the team with our community.

The November agenda was centred on further improvement of the RiskSwap perpetuals alpha on Solana, development of the derivative DEX functionality on top of NEAR Protocol, progress in completing the seed funding round. Now, let’s go deeper and underline the team’s core achievements in November and our plans for December!

November achievements

#Product

In November, we had some very good progress in upgrading the current version of perpetuals trading on testnet. Multiple markets and order book functionalities are already on the testing stage and in terms of funding, we have completed working on the architecture and additional services development.

Additionally, the team has integrated the Wormhole bridge that enables users to transfer assets between 5 networks and maximises profit-making with the lowest gas fees.

#Business development

In early November we attended the Solana Breakpoint event in Lisbon and met our partners and Solanian friends there. It was definitely a very nice event in terms of network building and fruitful conversations!

The business development team also worked hard on completing the seed funding round with many well-known and respected investors on board. So stay tuned for the announcements — something great is coming!

#Marketing

The marketing team held two generous events focused on boosting the trading activity on the RiskSwap spot engine. In November, users paid 20% fewer fees for trading on the spot and could share their trading feedback on Twitter to win a $100 reward in SOL for new trades! We are happy to congratulate the winners of this contest once again and thank them for their valuable feedback.

December plans

#Product

In December, the development team plans to release multiple markets and order book on Solana’s perpetuals testnet, so traders will soon be able to access the upgraded functionality. The team will go on working on the development of the funding engine, liquidations, and fees.

#Business development

December will definitely be juicy for announcements in terms of business development. Unfortunately, we cannot yet disclose all the details, though we’re sure that we’ll welcome many new people to our RiskSwap fam. A little hint: we’re not just talking about closing the seed funding round ;)

#Marketing

The team goes on to work on improving community engagement and establishing partnerships with other marketing teams and KOLs. Our attentive subscribers have probably noticed that we have started to conduct more contests and engaging events. You know, we’re just warming up for something really awesome!

The upcoming weeks will be rich with hot announcements, so we suggest subscribing to our Twitter and Medium and joining chats on Telegram and Discord!

Happy winter everybody!

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