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.
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.
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.
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.