1/ Maiar Exchange update.
Where are we, and what's next?
Why is this a really big deal?
Where are we, and what's next?
Why is this a really big deal?
2/ First, general progress has been coming along great.
The Maiar exchange will be the most important ecosystem component which will bring swap between assets, globally, inexpensively, automatically.
The Maiar exchange will be the most important ecosystem component which will bring swap between assets, globally, inexpensively, automatically.
3/ Enabling users all over the world to earn competitive rewards as they themselves provide liquidity.
Even more, the Maiar exchange will be the first component to have its own ESDT token, 100% owned and governed by the Elrond community.
Even more, the Maiar exchange will be the first component to have its own ESDT token, 100% owned and governed by the Elrond community.
4/ Second, there are 5 threads which we've been pushing on to make this a reality:
(a) The mainnet launch w/ ESDT tokens live, (b) the conceptual design w/ MEX incentives, (c) SCs & backend required for the Maiar exchange, (d) the Maiar frontend, and (e) Maiar connect element.
(a) The mainnet launch w/ ESDT tokens live, (b) the conceptual design w/ MEX incentives, (c) SCs & backend required for the Maiar exchange, (d) the Maiar frontend, and (e) Maiar connect element.
5/
(a) This mainnet upgrade was the most significant in features. ESDTs, SFTs and NFTs have taken a lot of time to review & implement. But now, all of this is deployed, w/ most of our partners already running the latest version, & mainnet activation coming live on April 28th.
(a) This mainnet upgrade was the most significant in features. ESDTs, SFTs and NFTs have taken a lot of time to review & implement. But now, all of this is deployed, w/ most of our partners already running the latest version, & mainnet activation coming live on April 28th.
6/
(b) Conceptual design & incentivest are crucial elements that will ensure outreach, user conversion, and long term growth. This is why we've gone through many iterations, with several improvements being implemented the last few days. Updates on last version coming on Wed.
(b) Conceptual design & incentivest are crucial elements that will ensure outreach, user conversion, and long term growth. This is why we've gone through many iterations, with several improvements being implemented the last few days. Updates on last version coming on Wed.
7/
(c) The largest amount of work has been put in designing, writing, & reviewing, an architecture interacting with several smart contracts and API on the Elrond network, to create a powerful tool for the Elrond community and ecosystem. With new updates, new work has been added.
(c) The largest amount of work has been put in designing, writing, & reviewing, an architecture interacting with several smart contracts and API on the Elrond network, to create a powerful tool for the Elrond community and ecosystem. With new updates, new work has been added.
8/
(d) The Maiar frontend is coming along great, several components are being parallelized, advancing one step at a time. We will probably have some frontend test version to experiment with during the next 1-2 weeks.
(d) The Maiar frontend is coming along great, several components are being parallelized, advancing one step at a time. We will probably have some frontend test version to experiment with during the next 1-2 weeks.
9/
(e) The Maiar connect has been worked on in addition to everything else. This will enable all dapps built on Elrond to interact with the Maiar wallet, send tokens, sign tx, offering the simplest UX for users in every dapp. This is alomst rdy. Integration tested as we speak.
(e) The Maiar connect has been worked on in addition to everything else. This will enable all dapps built on Elrond to interact with the Maiar wallet, send tokens, sign tx, offering the simplest UX for users in every dapp. This is alomst rdy. Integration tested as we speak.
10/ All elements require a lot of effort, with many changes, and plenty of complexity to be managed, but together they create a unique and unparalleled user experience, with powerful incentives for the Maiar exchange.
11/ So what's next?
- The snapshots are being indexed into a database as we speak, so people from the Elrond community can view what stake they had eligible on each day. If processing goes well, tomorrow we will have a first version of the information being displayed.
- The snapshots are being indexed into a database as we speak, so people from the Elrond community can view what stake they had eligible on each day. If processing goes well, tomorrow we will have a first version of the information being displayed.
12/
- A second version of the information, containing the balances for each address will become available immediately afterwards (1-2 days). All this information has been dependent on the conceptual design changes which have now reached a final iteration for the first design.
- A second version of the information, containing the balances for each address will become available immediately afterwards (1-2 days). All this information has been dependent on the conceptual design changes which have now reached a final iteration for the first design.
13/
- On Wednesday we will hold an Elrond Townhall conversation, specifically discussing everything related to the Maiar exchange updates, MEX token economics, and exciting next steps to follow.
Some products take time, but when they come live, they change things profoundly.
- On Wednesday we will hold an Elrond Townhall conversation, specifically discussing everything related to the Maiar exchange updates, MEX token economics, and exciting next steps to follow.
Some products take time, but when they come live, they change things profoundly.
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