1/ Maiar DEX.

Progress, updates, next steps.

Here’s where we are.
2/ Most of the last week has been about testing, bug fixing, and improvements that have come from many community members.

These last steps are strenuous, but they bring us closer to a DEX that can really achieve widespread adoption and mass liquidity.
3/ Testing has come in several waves.

Liquidity flow testing, bug discovery, UX feedback.

1st wave came from great community admins, w/ lots of useful feedback & suggestions.

2nd wave came from our friends @rv_inc. Pertinent feedback, bug discovery, & useful suggestions.
4/ One of the biggest improvements we've been working on, is multi-transaction signing for flows like the “add liquidity”, and UX abstractions for wrapped EGLD, to drastically simplify interaction.
5/ These are serious improvements: high impact and high value for all users.

Great part is we're already halfway there with the specific implementation. New simplicity will be much appreciated.
6/ So what's next?

Implementing the entire wave of useful feedback w/ the improved flows & new structure will happen during the next week.

Once done, we intend to do another round of testing w/ the community, Runtime Verification, and a special group of DeFi whitehat hackers.
7/ What can you help with in the meantime?

- simple threads on what DeFi is
- simple threads on farming & how to do it
- simple threads on the special economics of MEX & its utility for the ecosystem
- raising awareness in smart ways about Elrond, Mex, & Elrond DeFi
8/ Some awesome community leads and validators are already doing it. Great examples of helpful articles about the fundamentals of decentralized finance come from @MGStaking and @IstariVision.

Great to see the proactivity:
💡 mgstaking.medium.com/maiar-exchange…

💡 istarivision.medium.com/understanding-…
9/ The Maiar DEX is the ultimate stress testing tool for the entire Elrond architecture.

It's one of those applications which requires many newly designed pieces to be refined and carefully put together.

Once it's live, it opens a new frontier for DeFi on Elrond and beyond.
10/ Now, focus will be on pushing hard to get through the last fixes, and finalize the improvement wave.

Multi-transaction signing, and wrapped EGLD abstractions are big steps forward.
11/ Wed & Fri evening, we'll have another community testing wave.

Next big update coming during the next weekend.

Hyperfocus on the next steps.

Back to building.🛠️

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More from @beniaminmincu

17 Jun
1/ The Maiar DEX is a monster.

It has the power of a Hydra, but also the complexity of its 100 heads.

Yesterday, we got to test the first version fully.

It’s a remarkable milestone.

So here’s an important update & exciting next steps. 🧵
2/ First things first.

Traction for key Elrond metrics continues to grow significantly.

619k addresses, 5.8 mil transactions, 63% staked.
explorer.elrond.com
3/ Second, staking 3.5 is a big milestone that went live on Monday, improving stake fluidity and expanding the Elrond validator ecosystem, enabling even further decentralization.
Read 18 tweets
29 Apr
1/ Maiar Exchange & Launchpad, big steps forward, recalibrated timelines. Thread update.

Where are we, what's the focus, what's next?

Context for the exciting weeks, and months ahead.
2/ First, things have never been better.

Elrond is live. The ecosystem is vibrating. Community is rocking it. Validators are expanding. New tooling coming out every day. 150+ partners pushing to build on Elrond.

20+ partners preparing to launch their tokens on Elrond.
3/ But all of this brings complexity. A huge amount of complexity.

Complexity is like entropy, creeping in everywhere to break things.

Adding debt on all fronts and slowing things down to the point of halt.

Unless things are managed properly, and entropy is reversed.
Read 12 tweets
26 Apr
1/ Maiar Exchange update.

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.
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.
Read 13 tweets
10 Mar
1/ Imagine the global financial system as a set of microservices. Money, exchanges, lending.

Working near-instantly, inexpensively, 24/7, at a global scale.

Usable by nations, banks, businesses, startups & individuals.

This is the era of Autonomous Banking.
⚡️@ElrondNetwork⚡️
NOT INVESTMENT ADVICE.
2/ Reimagining money & the global financial system via blockchains, is perhaps the largest opportunity since the invention of the internet.

Largest in both impact and upside.
Read 12 tweets
17 Feb
1/ Elrond is building something new.
As things grow, trolls come along.

Most times you focus on building & simply ignore trolls.
But sometimes, you engage to clarify things.

The only way to win is through facts, good will, and most important, *more progress*.
2/ It is in trolls nature to dwell in the shadows, taking clear and well known facts, and distorting them for different agendas.

But truth has a way of coming to light. When it does, it will either set them free, or leave them harmless by disarming them.
3/ At Elrond, we encourage everyone to examine the facts, and engage in thoughtful conversations.

*It helps to be kind. Going the extra mile is how Elrond grew to such a large community.*

It's what will keep Elrond growing.

Time to take a look at the Elrond facts.
Read 19 tweets
29 Jan
1/ Humanity *needs* (a) a high bandwidth, low latency financial system, (b) that is decentralized, and (c) accessible to anyone, anywhere.

This is a high impact, multi trillion dollar opportunity, able to dramatically improve ppls's lives across the world.

Thread for @elonmusk
2/ Blockchain technology is at an inflexion point. On the cusp of unlocking a massive societal improvement. Perhaps the biggest since the invention of the internet.

#bitcoin and crypto are just its first applications.
3/ The next 2-3 years will see the most rapid financial transformation - from traditional 40 years old slow, deprecated, legacy technology, to state of the art blockchains, enabling transactions at the speed and scale of the internet.
Read 17 tweets

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