Polkaswap Ecosystem Updates #71, October 26, 2023
In the ever-evolving world of decentralized finance, Polkaswap continues to lead the way.
Our latest update introduces the eagerly anticipated Release 1.23, boasting significant enhancements such as the SORA Card IBAN Balance and a series of crucial UI improvements.
As we remain committed to regularly updating our Polkaswap community, this bi-weekly report shines a light on these fresh updates, groundbreaking features, and enlightening insights.
🔥 This Month’s Hottest Highlights 🔥
SORA Polkadot Parachain Crowdloan 🔴
Running from the 23rd of September 2023 to the 10th of January 2024, SORA will participate in the seven crowdloans (or less if the slot is won sooner) to secure a Polkadot parachain and put the Polka in Polkaswap.
Contributor rewards will be 0.1337gr of synthetic Gold (Kensetsu Gold) for every DOT contributed. You can participate in the crowdloan using your favourite Substrate-supported wallet, Bifrost v-Crowdloan, or the Polkadot.js interface.
More information on the Kensetsu project is available in the SORA Ecosystem Updates.
Release 1.23 with SORA Card IBAN Balance
Polkaswap v1.23 is NOW LIVE and packed with significant updates related to the SORA Card and other UI improvements!🔥
Improved sign-up process
Applicants can RETRY failed KYC attempts within the same application process.
Most KYC rejections were due to issues with uploaded documents. We’ve addressed this by offering eligible applicants an easy “Retry” option.
Clear reasoning for any rejections is provided, ensuring transparency.
View your SORA Card IBAN balance
Users can view their active IBAN balance directly in the app.
Great news: You can already receive funds to your IBAN, because it’s a real bank account!
⚠️ Note: Transferring funds from the account will be enabled in one of the future releases.
Subsquid service integration backbone
The Subsquid service has been integrated into Polkaswap. While this feature is inactive in the current version, you can look forward to trying it out as an experimental feature in an upcoming release. Stay tuned!
UI improvements
- Enhanced Browser Search: You can use your browser’s search functionality (Ctrl+F / Command+F) to locate SORA Asset IDs & EVM token contracts.
- Improved Charts: Our charts have been refined for a more streamlined view with improved legend rendering.
- Address Book Improvements: The address book on the Bridge page has been improved for more straightforward navigation and better user experience.
- Improved Asset Filter: We’ve added a ‘show only synthetic tokens’ filter on the Add Asset screen, giving you complete control to curate your asset view.
A detailed changelog can be found here.
Ongoing Developments
As we continue to push the boundaries of DeFi, several notable items are currently in progress:
- Integration of the Subsquid service to Polkaswap — 100% complete
As part of our continued efforts to improve data accuracy on Polkaswap, we have formed a strategic collaboration with Subsquid. This collaboration is designed to enhance the content of our Statistics and Explore pages, offer comprehensive support for blockchain history, and ensure compatibility with the Subquery indexer service.
The initial phase of this partnership, which encompasses the setup and validation of data feeds, has been successfully concluded. Moreover, we’ve successfully delivered the backbone for Subsquid. However, we’re investigating some issues with specific blockchain events and preparing the environment for the mainnet. You can use it when it’s ready!
- Development of the SORA substrate bridge — 96% complete
We’re inching closer to perfection with the SORA<->Substrate bridge, already flexing its muscles on the public testnet: test.polkaswap.io. The first version of the SORA<->Substrate bridge was completed. Now, the focus turns to preparation for the mainnet version.
- XOR native staking UI — 45% complete
We are excited to announce the upcoming introduction of native SORA validator staking, which will be seamlessly integrated into the Polkaswap interface. With this feature, users can directly choose and support their preferred SORA validator nodes within Polkaswap.io, resulting in a streamlined and user-friendly experience. Say goodbye to cumbersome tools!
The development process for this exciting feature is currently underway. The development teams have completed the API layer preparation. The next step is to integrate it into the freshly prepared Polkaswap mockups.
- Implementation of Order Book & limit orders — 40% complete
The development team has begun integrating the order book widget into Polkaswap. Other widgets, such as the depth chart, trade history, place order UI, etc., are currently in requirements elicitation and API preparation. The order book history is nearly ready to be added to the Subquery and Subsquid indexers.
Bottom Line
As we conclude this edition of the Polkaswap Ecosystem Update, we would like to express our gratitude to our devoted community for their consistent support and enthusiasm! Every step we take in the DeFi space represents our collective endeavor to challenge limits and drive innovation towards a brighter financial future.
If you missed the previous ones: October 4 / September 18 / August 31 / August 18 / July 28 / July 4 / June 16.
Help us Get Better.
The Polkaswap Bug Bounty is ongoing! Submit your findings to the Immunefi platform!
Read this article on the SORA / Polkaswap Bug Bounty Programme for more information and participation rules.
About Polkaswap
Polkaswap is a DeFi application on the SORA network, it is a non-custodial liquidity aggregating, cross-chain AMM DEX designed uniquely for the Polkadot ecosystem. It offers boundless liquidity through its one-of-a-kind Aggregate Liquidity Technology (ALT).
Polkaswap utilizes SORA network interoperability with the Polkadot and Kusama networks, as well as the capability to bridge external blockchains (like Ethereum) to the Polkadot ecosystem.
