1/ The Maiar DEX is coming.
The latest version has just been released on the devnet.
*Once live, this will be the biggest launch in the Elrond ecosystem since the release of @getMaiar.*
The latest version has just been released on the devnet.
*Once live, this will be the biggest launch in the Elrond ecosystem since the release of @getMaiar.*
2/ Funding, liquidity, swaps, yield.
Scalable, accessible, and inexpensive.
Setting a new set of economic forces in motion.
Scalable, accessible, and inexpensive.
Setting a new set of economic forces in motion.
3/ Building something users love is hard. Deeply caring for users is hard.
The Maiar DEX brings a delightful experience wrapped in robust security.
This takes time and a great amount of effort.
But in the end the only thing that matters is the thing that lasts.
The Maiar DEX brings a delightful experience wrapped in robust security.
This takes time and a great amount of effort.
But in the end the only thing that matters is the thing that lasts.
4/ The last 2 weeks have been very productive for the Maiar DEX.
We now have a first complete version implemented, ready to begin another round of deep testing, to validate functionality and flows.
We now have a first complete version implemented, ready to begin another round of deep testing, to validate functionality and flows.
5/ New features: abstraction of wrapped EGLD, batch transactions, re-invest and consolidate features.
Plus: dark mode, and the new homepage. 🔥
Plus: dark mode, and the new homepage. 🔥
6/ Batch signing multiple transactions means you can do more with less interactions.
Example: providing liquidity has 4 transactions: wrapping $EGLD into the smart contract, sending the 1st token, sending the 2nd token & claiming the LP NFT - all in one go.
Example: providing liquidity has 4 transactions: wrapping $EGLD into the smart contract, sending the 1st token, sending the 2nd token & claiming the LP NFT - all in one go.
7/ This requires a Maiar app update, and we might also use this feature for other things, such as delegating all staking rewards to all the respective pools you staked in.
Or harvesting all farm rewards at once. 💡
Or harvesting all farm rewards at once. 💡
8/ Still, the Maiar DEX is a monster.
Every serious component we've built at Elrond, is being used and stress-tested with the Maiar DEX.
Every serious component we've built at Elrond, is being used and stress-tested with the Maiar DEX.
9/ Sharding, VM, RUST framework, APIs, dapp components, microservices, Maiar app, Web wallet, wallet connect, frontend parts, ESDTs, NFTs - not to mention bridges and other parts that are coming as well.
Insane stress-testing exercise.
Insane stress-testing exercise.
10/ But why put so much effort into the Maiar DEX?
Because without a doubt this product will be big.
But how big really?
*Well, perhaps bigger in utility and economic impact than almost anything we've launched since the mainnet itself.*
Because without a doubt this product will be big.
But how big really?
*Well, perhaps bigger in utility and economic impact than almost anything we've launched since the mainnet itself.*
11/ Could it be bigger than the Maiar app itself?
It certainly could.
In terms of utility, one can easily foresee scenarios where the Maiar DEX creates 100x or 1000x more tx/day than the Maiar app via staking pools, farming, and swaps.
It certainly could.
In terms of utility, one can easily foresee scenarios where the Maiar DEX creates 100x or 1000x more tx/day than the Maiar app via staking pools, farming, and swaps.
12/ What about economic impact?
Well, if uniswap and pancakeswap can teach any useful lesson, it's that a well designed AMM can be a far *more efficient growth engine than everything else created in that ecosystem*.
Pause, and think about that for a second.
Well, if uniswap and pancakeswap can teach any useful lesson, it's that a well designed AMM can be a far *more efficient growth engine than everything else created in that ecosystem*.
Pause, and think about that for a second.
13/ In other words, if the Maiar DEX works as expected, it will set in motion a new set of economic forces within the Elrond ecosystem.
What type of forces?
a) it will feel like a new staking force begins to attract significant liquidity and lock more circulating supply
What type of forces?
a) it will feel like a new staking force begins to attract significant liquidity and lock more circulating supply
14/
b) it will create a new token for the ecosystem and community, opening a new opportunity to be part of the Maiar DEX ecosystem and its governance
c) it will attract even more liquidity from other ecosystems
b) it will create a new token for the ecosystem and community, opening a new opportunity to be part of the Maiar DEX ecosystem and its governance
c) it will attract even more liquidity from other ecosystems
15/
d) it will significantly accelerate the startup iteration cycles within the Elrond ecosystem, providing immediate liquidity for new projects, and plenty of opportunities for community member
d) it will significantly accelerate the startup iteration cycles within the Elrond ecosystem, providing immediate liquidity for new projects, and plenty of opportunities for community member
16/ So what's next?
Testing. Heavy testing. Making sure that the bugs we've discovered are fixed. Repeating, until we don't discover new ones.
But the really great part is that for the first time, it seems that we're close to having the first version ready.
Testing. Heavy testing. Making sure that the bugs we've discovered are fixed. Repeating, until we don't discover new ones.
But the really great part is that for the first time, it seems that we're close to having the first version ready.
17/ Once this first version is done, full community testing begins.
And then a Battle of Yields competition.
Then, the big Maiar DEX launch.
And then a Battle of Yields competition.
Then, the big Maiar DEX launch.
18/ Halfway through 2021 progress is remarkable.
680k addresses, 450k maiar users, 60,3% staked, & tools ready.
This year is about Elrond, Maiar DEX, NFTs and launchpads
But to make them meaningful, and lasting, it's important to put a lot of effort and care into building them
680k addresses, 450k maiar users, 60,3% staked, & tools ready.
This year is about Elrond, Maiar DEX, NFTs and launchpads
But to make them meaningful, and lasting, it's important to put a lot of effort and care into building them
19/ At the end of the day, the goal with Elrond is to build a high bandwidth, low latency, transparent financial system, and give anyone anywhere easy access to it. And the Maiar DEX is a critical part of that.
This is why we're here, and why we’re pushing so hard.
This is why we're here, and why we’re pushing so hard.
20/ We just have to focus on what matters, and keep pushing super hard.
Results will undoubtedly follow. The score will take care of itself.
Next update once MEX is ready for community testing.
Back to building.
Results will undoubtedly follow. The score will take care of itself.
Next update once MEX is ready for community testing.
Back to building.
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