Polkaswap Ecosystem Updates #72, November 19, 2023

5 min readNov 19, 2023

Exploring the latest innovations on Polkaswap. Key highlights and developments of the platform brought to you with style and freedom.

Greetings, Polkaswap community! We’re back to bring you the scoop on all the cool stuff happening around Polkaswap, and trust us; there’s a lot to be excited about!

First, talk about the big news: the SORA Polkadot Parachain Crowdloan. It’s in full swing from September 23, 2023, to January 10, 2024. It’s all about securing a spot in the Polkadot parachain and putting the ‘Polka’ in Polkaswap. Plus, contributors get a neat reward of 0.1337 gr. of Kensetsu Gold for every DOT they chip in.

On top of that, we’ve rolled out Polkaswap v1.25, which brings some awesome upgrades and the much-awaited HASHI bridge (Kusama) live. This means smoother transfers and a bunch of user experience improvements that you’re going to love. Stay tuned, as there’s more cool stuff in the pipeline that we’re working on to make your Polkaswap experience even better!

🔥 This Month’s Hottest Highlights 🔥

SORA Polkadot Parachain Crowdloan 🔴

Running from the 23rd of September 2023 to the 10th of January 2024, SORA is participating 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 digital 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.

🌉 HASHI Substrate bridge (Kusama) is now live

With the Polkaswap v1.25 release now live, you can now seamlessly transfer KSM between the Kusama Relay Chain and the SORA network!

🔥The release is also filled with some awesome UX & performance improvements, including:

  • Added CERES API for fiat rates.
  • Improvements for VAL & PSWAP circulating supply metrics on the Polkaswap Statistics page.
  • Improved browser extension logic (adjusted the infinite loader issue).
  • Disabled chart buttons during chart data loading.
  • Resolved Firefox issues with styles.
  • Added the backbone for WalletConnect support.

📜 Changelog details.

SORA Card Sign-up Improvements

Polkaswap v1.24 brings improvements to the SORA Card sign-up flow and other enhancements.

📱 Better phone number formatting for a seamless registration experience. 🎫 Enhanced onboarding flow with updates on each stage of the process. 🤝 The option to change the receiving address in the X1 widget (fiat on-ramp) has been removed to avoid confusion when buying XOR.

A full 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

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. We will let you know when it’s ready for use!

  • Development of the HASHI Substrate Bridge — 100% complete

Bring your native KSM from the Kusama relay chain into SORA with style and freedom in Polkaswap!

  • WalletConnect integration — 80% complete

WalletConnect is an open-source protocol that enables secure communication between decentralised applications (DApps) and cryptocurrency wallets. It allows users to connect their mobile or desktop wallets to DApps, making the interaction with DeFi platforms, like Polkaswap, seamless and secure.

Users can initiate the WalletConnect connection through the Polkaswap for the HASHI Bridge. Once connected, they can sign bridge transactions, check their balances and bridge history, and interact with the HASHI Bridge directly from their preferred wallet app.

The next step will be to use WalletConnect for SORA accounts as well!

  • Asset owner page — 70% complete

We’ve simplified the asset creation process to make it more user-friendly and intuitive. Asset creators can now quickly issue new tokens with just a few clicks. This streamlines the launch of new tokens on Polkaswap, encouraging innovation and liquidity on the platform.

Asset owners can now mint and burn assets directly from the new Asset Owner page. This feature provides greater control over the token supply, allowing for dynamic adjustments as market conditions change.

We’ve added a range of statistics to help you better understand the performance of your created assets. You can now track critical metrics such as trading volume, liquidity, price history, and user engagement for each asset. These insights will empower you to make informed decisions about your asset strategy (This does not constitute financial advice).

  • XOR native staking UI — 50% complete

We are excited to announce the upcoming introduction of native SORA validator staking, 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 — 50% 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 Updates, we thank the devoted Polkaswap community for their support and enthusiasm! Every step in the DeFi space represents our collective endeavour to challenge limits and drive innovation towards a brighter financial future with style and freedom!

If you missed the previous ones: October 26 / 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.

Connect With Us

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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.