February 27 2023, Ecosystem Updates for SORA, Polkaswap, and Fearless Wallet
The SORA, Polkaswap, and Fearless Wallet projects are all closely related as they form integral parts of the SORA and DOTSAMA ecosystems (of which SORA is a part). That is why development status updates are released every two weeks for these three projects, in one convenient place, with development updates from across the community. Enjoy the February 27, 2023 Ecosystem updates!
If you missed the previous ones: February 9 / January 23 / older Ecosystem Updates are archived here and Dev Updates are archived here
Welcome!
You are Here
As the shortest month in the Gregorian calendar comes to an end, we bring you the latest updates to find your bearings within the different tracks of the SORA ecosystem’s north star. Like the different constellations in the night sky, there are different projects being worked on. This time, the star shining the brightest is SORA Card.
Public testing for SORA Card registration, KYC process, and on-ramping is going quite smoothly, thanks to everyone who participated. If you have not tried these features already, you can try them out on the Polkaswap web testing interface, or depending on your phone’s OS, on SORAlution or Testflight.
At this point, you might be wondering what the benefit of having a bank is anyway since it’s the flaws in the banking system that led you to cryptocurrencies in the first place. It is a valid question for sure, and one that is often taken for granted, especially if you have been following SORA Daily. In the latest video, a snippet from the 2021 SORA Economic Forum where Professor Richard Werner explains the “Quantitative Theory of Disaggregated Credit”:
Well, as it turns out, you need a way for the economy to be circular, constantly buying and selling, instead of accumulating and speculating, for it to make the biggest impact. Initially, users will be able to apply for a European International Bank Account Number (IBAN), with more fiat currencies becoming available, that will bridge a gap that is wider than the Great Rift Valley, which is the void between DeFi and TradFi. SORA is working very hard to implement XOR as legal tender. This is an uphill battle, but thanks to the hard work and support of all the people interested and collaborating, we are able to keep on climbing until we are finally successful.
In the meantime, having access to the “traditional” system, through SORA Card will allow the SORA economy to begin the proverbial economic circle, as people will be able to use their cryptocurrencies, which are a unit of account, to pay for and receive payment for IRL goods and services, which will help XOR become a medium of exchange, and be more widely recognised as a store of value, accomplishing the key functions of money.
“What’s the difference between SORA Card and any other neobanking offering?” is a frequently asked community question, and the simplest answer is freedom. SORA Card gives you the freedom to manage your finances however you please. Using Polkaswap.io as the hub for your banking activities gives you the power, and the responsibility that comes from the freedom of decentralized finance. The next FAQ is “why do I need to do KYC for the IBAN?” some people even follow up by saying that it’s contradictory or hypocritical, given that you are disclosing your personal details. However, think of it this way: if you’re crossing the HASHI bridge from the Ethereum network into SORA, you pay gas fees in ETH. Similarly, if you are accessing TradFi through DeFi, you need to comply with the rules of each network you interact with.
The SORA Kusama Parachain bridge has not had significant changes, however, there is a lot of work to fix block production on the Rococo public testnet ahead of the SORA Polkadot Parachain project. We hope you have unlocked your DOTs, as the auction starts soon!
The Polkaswap order book functionality is going well. We are working hard on completing the pre-production side of it, doing our research and compiling documentation before the devs begin to buidl! On the other hand, the Trustless EVM bridge has ongoing work addressing the findings from the constant audits the infrastructure is undergoing, as well as determining incentive architecture for relayers.
The XST synthetics platform development is progressing smoothly, collaborating closely with our oracle partners as they implement their side ahead of testing. Since we brought up the topic of community FAQ earlier, the same goes for this question: “will there be more details on the synthetics platform?” The answer is a resounding yes! There will be an article and content made to help all users understand what it is, how it works, and what the benefits are to the SORA network.
Finally, the SORA Wallet mobile app has testing ongoing to fix bugs and fine-tune features such as SORA Card. You can look forward to a release very soon, where you will already be able to register for a card and start managing your finances with freedom at the tip of your fingers and wherever you are.
Moving on to the Polkaswap web, SORA Card preparation and development are a focus point, but the ongoing mission to bring as much data as possible, for the discerning trader to make better and more informed choices (after DYOR) on Polkaswap is going along well. The dashboards are being worked on, so please look forward to these great additions to the style and freedom you have come to love.
The Fearless Wallet team is relentlessly working on the full release of the Fearless Wallet desktop app and browser extension (the Beta version has been available for many weeks). Thank you to everyone who has tested the features so far! They are also Fearlessly working on the Polkaswap feature integration. Imagine having access to all your Polkadot, Kusama and their respective parachain assets to fearlessly swap and provide liquidity for, with style and freedom… then imagine having access to SORA card to use them IRL as well!
Big congratulations to the Ceres team for their successful HMX token ILO! The Hermes platform powers the Hermes DAO, a one-of-a-kind governance mechanism for a crypto investment fund. Unlike your average fund, everything is decided by the DAO transparently, the parliament members are doxxed for everyone’s safety, and all the information is available to the public. To stay up to date with all the news from the Hermes DAO, subscribe to their Medium or follow them on Twitter.
You’re now up to speed with what has happened in the last weeks in the SORA network and the current state of the SORA Integrated Plan. Please look forward to the upcoming news from all of the SORA contributors and see you next fortnight. Let’s get back to work!
*This is not financial advice, always make sure to do your own research!
You can find the summary of the integrated plan points in the SORA Wiki.
SORA Ecosystem Update #56
Business Track Progress:
- Polkaswap as a Service — 25%
- SORA Card — 90%
- SORA IBAN — 90%
SORA Card articles are being continuously released with topics covering the SORA Card introduction, SORA Card key features, a comparison between SORA Card and other crypto-powered banking services, an interview with the people behind the SORA Card tech and management. The SORA Card Phase One article was also recently released. The SORA Community recently held an AMA with Dr. Makoto Takemiya and Beno Van Gansen regarding SORA Card, read all about it in this recap.
Stay tuned for more articles with interesting and insightful information on this great tool for financial freedom. SORA Card | Value Freedom
⚙️ SORA Blockchain Update
- Working on maintenance, fixes, and improvements to the codebase
- Completely moved the development to the public repository: sora2-network
XST Platform for Synthetic Assets
- Implementation of key features under internal review
- Waiting for the partners to complete their implementation to proceed with testing on test environment
Substrate Trustless Bridge: Kusama Parachain
- Internal Quality Assurance testing ongoing
- Fixing the SORA Rococo parachain to continue producing blocks and syncing with the Rococo relay chain
- Preparing documentation for the client applications to implement the front end
Multi-EVM Trustless Bridge: Ethereum
- Finalising the incentive mechanism for relayers
- Supporting the client applications team to continue implementing the front end
📱 SORA Wallet Update
🚀 Android
- Getting ready for the release 3.0.0 — Redesign & SORA Card
- We regularly update SORAlution (testnet application) where you can test and provide feedback to ensure the production release will be in the best shape possible!
🍏 iOS
- Getting ready for the release 3.0.0 — Redesign & SORA Card
- We regularly update SORAlution (testnet application) where you can test and provide feedback to ensure the production release will be in the best shape possible!
👷🏽♀️ SORA Builders Programme News:
ADAR Updates
The ADAR team is currently polishing their app in a private testnet, while the design team is working on small updates and a report on the app. Please look forward to public testing soon!
For frequent updates from the ADAR team, join their Telegram group!
Here is the proposal submitted by ADAR, for more information on the Abed Group, take a look at this deck, and to try the version available from the completion of the first milestone, you can visit the ADAR website.
Ceres Updates
The Ceres team is making constant waves, including the successful launch of the Hermes platform and Hermes DAO.
Additionally, the DAO also took advantage of the Liquidity Locker!
Finally, the Hermes DAO has opened a call to users to form part of their parliament!
For constant updates from Ceres, subscribe to the Ceres Announcements channel on Telegram
The Demeter Farming platform is available on the SORA network for users to farm with liquidity pool LP or single-sided staking, with interesting APR*. New pools are constantly added, too. Demeter farming is directly integrated into Polkaswap, for convenience. For more information, read this Medium article on the Demeter platform.
*Not financial advice, always do your own research.
🐈⬛ SORA Request for Proposal Updates:
The SORA Decentralized Development walkthrough was published on September 2nd, take a look at the new RFP system and submit your proposal in an easier and more intuitive way. Please let us know your thoughts about these improvements in the SORA network community chats on Telegram!
Join the Decentralized Development channel on the SORA World Discord.
Thank you for making it all the way here. Your interest is much appreciated. If you are a passionate community member who evangelizes SORA and its supranational cryptoeconomic values to anyone willing to lend an ear, we are looking for you!
Polkaswap Ecosystem Update #59
🚀 The release scope for v.1.15 is almost finished.
✅ SORA Card is already on test.polkaswap.io
👨💻 Coming soon:
💳 SORA Card KYC integration
💲 CEX integration (Buy XOR with fiat directly using the X1 widget)
✨ Network stats page (all SORA network-related info in one place!)
👨💻 Work in progress:
💥 SORA Card phase 1 improvements (thanks to our amazing community for the feedback given!)
✅ Status bar (connection statistics of the internet node & services )
⚙️ Google login (as an alternative way to sign transactions, so any browser on Desktop/iOS/Android could be used)
🔥 Better routing for Swaps, Add/remove liquidity pages (for example, polkaswap.io/#/swap/xor/dai will be redirected to SWAP XOR<>DAI)
👀 And other UX and performance improvements
Trade on Polkaswap.io with even more style and freedom using the Web3-optimized Mises Browser! Mises is an open-source and user-friendly mobile browser compatible with most Chrome extensions
🌐 Learn more at mises.site
The Polkaswap Bug Bounty is ongoing! Submit your findings to the Immunefi platform!
For more information and participation rules, read this article on the SORA / Polkaswap Bug Bounty Programme.
SORA Web Track Progress:
- Fearless Wallet Desktop App and Browser Extension: 98%. The Beta version is available in the Google Chrome Web Store
Fearless Wallet Ecosystem Update #64
🔥 Preparations have already been finished for the next release, v2.2.2 with the following set of features:
💪 Subsquid project integration to provide users with aggregated information about rewards and transaction histories. Kusama, Polkadot, Moonriver, Moonbeam, as well as other chains, will have detailed reward and transaction data available in the Wallet very soon
💪 Equilibrium chain and assets support after the network’s recent runtime upgrade
💪 Minor updates for Polkaswap swaps functionality
💪 Minor performance improvements
🚀 We are currently working on:
💪 XCM cross-chain teleports research and development
💪 Catching up with SORA updates for SORA Card Phase #1
🔥 We have almost completed the v2.2.0 release, with the following features:
💪 Polkaswap swaps integration
💪 Subsquid project integration to provide users with aggregated information about rewards and transaction histories. Kusama, Polkadot, Moonriver, Moonbeam, as well as other chains, will have detailed reward and transaction data available in the Wallet very soon
💪 Equilibrium chain and assets support after the network’s recent runtime upgrade
💪 Minor performance improvements
🚀 We are now solving the following issues:
💪 XCM cross-chain teleports research and development
💪 Catching up with SORA updates for SORA Card Phase #1
🖥 Browser Extension and Desktop Applications
🔥 Production-ready releases for Chrome and Firefox browsers are currently being prepared and will be available shortly
🚀 We are busy with:
💪 Polkaswap swaps: finishing implementation
💪 Performance and architectural improvements of the App
🚀 Collaborations and future initiatives
🤝 Onramper team: service introduction and collaboration discussion
🤝 Subsquid team: close collaboration around new projects and technical Q&A
🤝 Parity and Wallet connect teams: collaborative discussion among wallet solution providers about a universal approach to connect dApps and verify their transactions
#StayFearless 𒉡𒉎𒋼
About SORA, Polkaswap, and Fearless Wallet
SORA is a new economic system aimed at creating a supranational multiverse economic system with built-in tools for decentralized finance (DeFi). The SORA network implements a new way of parachain architecture on Polkadot and Kusama network, with the capability to bridge external blockchains (like Ethereum) to the Polkadot ecosystem.
One of the DeFi applications that will run on the SORA network is Polkaswap, a noncustodial liquidity aggregating, cross-chain AMM DEX designed uniquely for the Polkadot ecosystem with boundless liquidity through its one-of-a-kind Aggregate Liquidity Technology (ALT).
Fearless Wallet is a bespoke mobile wallet designed for the decentralized future on the Polkadot and Kusama ecosystem, with native support for iOS and Android platforms. A premium user experience, fast performance, and secure storage for your accounts. Fearless Wallet will integrate Polkaswap for easy, decentralized swaps of assets.
Connect With Us
SORA 𒀭 community:
Twitter | Telegram | Reddit | YouTube | Announcements Channel
Polkaswap 𒊹𒂵𒆜 community:
Twitter | Telegram | Reddit | YouTube | Announcements Channel
Fearless Wallet 𒉡𒉎𒋼 community:
Twitter | Telegram | Element | YouTube | Android App | iOS App
