Q3 Update: Engineering Team
Message from Director of Engineering at Secured Finance
Dear Secured Finance Community Members,
As the curtains fall on this quarter, I’m filled with both pride and anticipation. The past three months have been a whirlwind of innovation, dedication, and collaboration. Your unwavering support and feedback have been our guiding light, propelling us to new heights.
Before diving into the specifics, I want to extend my deepest gratitude to our community. Your trust, engagement, and invaluable insights have been instrumental in shaping our trajectory, and for that, we are eternally thankful.
Development Update
During this quarter, we reached a pivotal moment with the deployment of version v0.6 to our staging environment. This update isn’t just about new features; it’s a reflection of our dedication to enhancing both the platform’s functionality and the overall user experience. For a deeper dive into what this entails, our release notes offer a comprehensive overview.
Smart Contract Enhancements
Our Smart Contract has seen significant advancements this quarter, with the introduction of the Order Estimation Function being a standout feature. This function provides traders with foresight on potential outcomes before order execution, ensuring a more informed trading experience.
In our continuous efforts to enhance platform efficiency, we’ve optimized gas costs, making transactions more economical for our users. Additionally, our team’s dedication to platform integrity has led to rigorous bug detection and resolution, ensuring a seamless and reliable user experience.
A major highlight is the implementation of our new Mark-to-Market methodology. Mark-to-Market is a dynamic pricing approach where assets are valued based on their current market value rather than their book value. This real-time valuation is crucial for evaluating Profit and Loss (PnL) and the Loan to Value (LTV) ratio. Our approach is rooted in precision, utilizing the Volume Weighted Average Price (VWAP) during a single block, with safeguards like a minimum volume threshold to prevent price manipulation.
For a deeper understanding of our Mark-to-Market methodology, you can refer to our detailed documentation.
UI/UX Innovations
The unveiling of the Vertical Orderbook and the Itayose Tabs in the Market Dashboard marked significant milestones in our UI/UX journey. These enhancements are not mere design changes; they redefine user interaction, ensuring a more intuitive and streamlined experience. Furthermore, the integration of Wallet Connect is a pivotal step in broadening our platform’s accessibility, ensuring users have a seamless connection experience across devices.
Looking Ahead
As we stand on the brink of the next quarter, excitement is palpable. We are gearing up for our mainnet migration, a significant milestone that promises to make the coming months incredibly busy and transformative. The journey to going mainnet live is filled with challenges, but with our dedicated team and your continued support, we’re poised to redefine the landscape of digital finance.
Conclusion
This quarter’s achievements are a testament to our vision, dedication, and the unwavering support of our community. As we look to the horizon, the future of Secured Finance has never been brighter.
Thank you for being an integral part of this transformative journey. Together, we’re not just shaping the future; we’re revolutionizing it.
About Secured Finance
Secured Finance is revolutionizing the digital asset landscape by constructing interbank-grade capital markets. Our innovative protocol is designed to offer a secure, flexible, and scalable fixed-income solution for digital assets. Comprised of a team of expert investment bankers, we are committed to integrating traditional finance wisdom into the realm of cryptocurrency and digital assets.
Stay informed and connected with us for further information and updates.
Secured Finance Official Links
Website | Twitter | GitHub | Galxe | Link3 | Guild
