A DEX for the Interoperable Future

The multi-chain universe is on the horizon: the future is interoperable. As we can see with wBTC, renBTC, and other wrapped Bitcoins being used on the Ethereum blockchain, people want to move assets from one chain to another for trading, convenience, and arbitrage opportunities. However, there is no decentralized exchange on which to have access to a multitude of assets existing on numerous chains. Networks like Polkadot offer us the opportunity to make this possible.

This is why we are building Polkaswap — a DEX focused on interoperability to connect the rest of the crypto ecosystem to Polkadot.

Polkaswap is…


The SORA, Polkaswap, and Fearless Wallet projects are all closely related as they form integral parts of the SORA ecosystem. That is why development status updates are released every two weeks for these three projects, in one convenient place. Enjoy the April 9, 2021, Dev update! If you missed the previous ones:

March 26th DEV update / March 12th DEV update / February 26th DEV update / February 12th DEV update / January 29th DEV update / January 15th DEV update / December 25th DEV update / December 11th DEV update / November 27th DEV update / November 13th DEV…


The SORA, Polkaswap, and Fearless Wallet projects are all closely related as they form integral parts of the SORA ecosystem. That is why development status updates are released every two weeks for these three projects, in one convenient place. Enjoy the March 26, 2021, Dev update! If you missed the previous ones:

March 12th DEV update / February 26th DEV update / February 12th DEV update / January 29th DEV update / January 15th DEV update / December 25th DEV update / December 11th DEV update / November 27th DEV update / November 13th DEV update / October 30th DEV…


What is it? Who has it? How will Polkaswap make it “boundless”?

Liquidity 101

The term liquidity isn’t specific to crypto, but it’s an important concept in the crypto world. This post will provide insights into liquidity within centralized exchanges, decentralized exchanges, and specifically, Polkaswap. So let’s start with Liquidity: what is it?

A highly liquid asset is one that can be easily sold (liquidated) at its fair market value, whereas an illiquid asset is one that can’t be sold without significant effort, a loss of value, or both. Similarly, a highly liquid market for a particular asset is one with lots of (fair) buy and sell orders circulating.

Equities listed on…


TL;DR

  • Approximately 4 million PSWAP are reserved for special PSWAP bonuses for market makers on Polkaswap
  • 200,000 PSWAP will be given out per month until rewards run out
  • To qualify, market makers must have at least 500,000 transactions with an average of at least 1 XOR in each transaction (all transactions on Polkaswap involve XOR because XOR is a hub token)
Kiku Soramoto

𒊹𒂵𒆜・Rewards for Market Makers

To bootstrap the SORA and Polkaswap ecosystems at launch, three different strategic bonuses in PSWAP tokens will be available, consisting of approximately 64% of the total PSWAP supply. Previously, strategic bonuses for providing liquidity on Polkaswap and for buying XOR…


The SORA, Polkaswap, and Fearless Wallet projects are all closely related as they form integral parts of the SORA ecosystem. That is why development status updates are released every two weeks for these three projects, in one convenient place. Enjoy the March 12, 2021, Dev update! If you missed the previous ones:

February 26th DEV update / February 12th DEV update / January 29th DEV update / January 15th DEV update / December 25th DEV update / December 11th DEV update / November 27th DEV update / November 13th DEV update / October 30th DEV update / October 16th DEV…


TL;DR

  • The token bonding curve is a smart contract that holds assets of reserve currencies to enable forward guidance price predictability for the XOR token
  • At the launch of the SORA v2 network, 350,000 XOR will already be in existence that will not have any reserve asset backing
  • To help collateralize the token bonding curve, 25 million PSWAP are provided as special bonus rewards when buying newly minted XOR from the token bonding curve
  • These PSWAP rewards will start at launch
  • DOT and KSM held in reserves by the token bonding curve will be used to secure parachain slots for the…


The Main Considerations When Migrating to and Choosing a DEX

As crypto enters the mainstream, the ways in which one can begin investing and trading have multiplied. The most common way to date has been using a centralized exchange (CEX) like Binance, Kraken, or CoinBase. Recently, however, decentralized exchanges (DEX) have grown rapidly in popularity. This post will provide insights into the changing exchange landscape and some key considerations to take into account when choosing an exchange. First, we’ll run through the reasons someone might choose a DEX over a CEX, and highlight some criteria to help you decide which…


TL;DR

  • There are 35 million PSWAP available for farming rewards, over approximately 4 years, at 25,000 PSWAP per day
  • For calculating rewards, only the XOR portion of liquidity is included, to normalize across all token pairs
  • Rewards are calculated with a temporal vesting coefficient, so the longer liquidity is provided for, the higher the rewards
  • To farm PSWAP rewards, at least 1 XOR has to be in a liquidity pool
  • Providing liquidity for XOR-VAL and XOR-PSWAP pairs will have double rewards

𒊹𒂵𒆜𒉆𒀳🌾ソラ農業組合

Sora.farm has been an exciting game that has energized the community to provide liquidity for XOR-VAL, XOR-ETH, and VAL-ETH token…


The SORA testnet has been updated to support token transfers across our HASHI Ethereum bridge, so now test tokens can be moved from the Ethereum Rinkeby testnet to the SORA v2/Polkaswap testnet.

The HASHI bridge can be tested at testbridge.polkaswap.io.

Source code is also opened.

Testnet contract addresses on Rinkeby:

VAL 0x725c6b8cd3621eba4e0ccc40d532e7025b925a65
XOR 0xdc1c024535118f6de6d999c23fc31e33bc2cafc9
PSWAP 0x89801864f50d2ee5e71253f73470244fbf0d6206
Bridge 0x4ff646bff7884f118406aa4beebd9e10de406603

The HASHI bridge to Ethereum is a core part of the SORA v2/Polkaswap architecture.

SORA v2/Polkaswap Testnet Bridge Tutorial

Prerequisites

To be able to use the SORA testnet bridge, you need to have an account on the SORA testnet with some test XOR. …

Polkaswap

https://polkaswap.io is a non-custodial cross chain AMM DEX designed uniquely for the Polkadot and Kusama ecosystems and hosted on the SORA 2.0 network.

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