Vite Bi-Weekly Report

Oct 16–31, 2020

Vite Editor

Published in

Vite Labs

4 min readNov 4, 2020

Project Updates

Vite App

On October 29th, we released Vite iOS App v3.8.1 and Vite Android App v3.7.7. The new release fixes a number of problems and improves the stability of the App.

Fixed the bug that app crashes occasionally when scanning the QR code;
Optimized request/response speed ;
Support iPhone 12;
Fixed the problem that FaceID/TouchID cannot be turned off in the App after biometric identification is turned off in the system;
Fixed the precision of liquidity mining;
Added new function of hiding trading pairs with low liquidity/volume. The hidden trading pairs can still be accessed through the operator’s page.

ViteX Exchange

The website of ViteX Exchange (https://vitex.net/) has been updated with the following changes:

Display the APY of VX staking to facilitate users to check the annual yield of VX staking at the moment;
Display VX emittance curve and the current release progress;
Added VX dividend calculator. Users can input a number to see the estimated dividend earns on an annual/semi-annual/monthly/weekly/daily basis.

Recent Milestones

Over 2.5 Million VITE Have Been Burned

As of Oct 26, a total of 25,119,585 VITE have been burned. Here are the major sources of burns:

Token issuance fees on the Vite chain
Trading fees on ViteX
Fees for creating invitation code on ViteX
Listing fees on ViteX

Vite Developer Bounty Launch

The Vite Labs foundation will publish new developer bounty tasks from time to time, and provide rewards in VITE. The goal is to encourage our global community to partake in developing the Vite ecosystem.

The first bounty is related to a search function for full nodes. Click below for more details!

ViteX Exchange

On October 20, liquidity mining for the HTR/BTC trading pair received a 3x reward boost. Traders that make HTR/BTC resting orders will receive three times the VX reward as they would normally get.

On October 28, ViteX API package underwent a significant upgrade that increased the quota for API usage as an incentive to attract and retain liquidity from quantitative market makers.

ViteX to Suspend Display for Certain Trading Pairs

The ViteX team is always looking to provide users with a better trading experience and protect the rights and interests of investors. As such, we recently worked with operators to limit the display of certain trading pairs. In general, operators should monitor activeness of projects after their listings. When an operator sees that a project is no longer actively developing, it should suspend the display of relevant trading pairs for such project.

Note that since ViteX is a decentralized exchange, the trading pairs still live on the Vite chain. The ViteX team is merely making changes to the user interface to disable the display of these trading pairs. Therefore, undisplayed trading pairs are not “delisted.” Users may access them via either a third-party community-built website, or entering URLs on vite.net (example: https://x.vite.net/trade?symbol=XYZ-000_ABC-000). Also, since users custody their own tokens (Vite-wrapped), the security of these assets are not affected.

ViteX Data

Activities

Chinese Community AMA

On October 21, Vite CPO Blackey Hou ran a livestream AMA in the Chinese community.

The replay: https://www.yizhibo.com/l/qS2-rqEvsnU4uR9A.html

The Blockchain Debate Podcast

Vite COO Richard Yan hosted a new episode on ”The Blockchain Debate Podcast.“ The topic was security/performance tradeoff of Zero Knowledge Rollup vs Optimistic Rollup, with John Adler (co-founder of Lazy Ledger and Fuel Labs) debating Alex Gluchowski (co-founder of Matter Labs). James Prestwich, co-founder of the cross-chain solutions company Summa co-hosted. Rollups are a class of second-layer scalability solutions used by certain public blockchains.

Via this podcast, Vite Labs team interacts with thinkers and pioneers in the global blockchain ecosystem.

Past episodes may be found here: https://blockdebate.buzzsprout.com

You are welcome to follow the Twitter account of Richard and the podcast at: Twitter.com/gentso09 / Twitter.com/blockdebate

Futurist Conference

Vite COO Richard was invited by the Futurist Conference to partake in a discussion about blockchain scalability in November, to be joined by the CEOs of Solana and Mina (previously Coda).