$FLIP Fortnightly Wrap #2 - Summary
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We've wrapped up another two weeks at Chainflip Labs HQ, and we’re excited to share all the progress we've made. If you want to catch up on the details, you can listen to the full discussion via the link below. Or, for an easy-to-digest TL;DR, just read on!
Protocol Update:
Version 1.5 Progress:
We're almost ready. Version 1.5 is being prepped for mainnet, with testing currently taking place on Perseverance. We will be releasing the Mainnet Binaries today (19th August), and the full release is scheduled for next week!
Key Features in 1.5:
- Boost: The star of this update! Boost will give users access to significantly faster $BTC swaps, along with the ability to deposit your $BTC to earn yield. Essentially, your $BTC can now work harder for you by being used in Boost. Full boost breakdown here:
- FoK Logic (Fill-or-Kill): We're also introducing Fill-or-Kill logic on the protocol side. While our product team is still working on integrating this into our app suite, you can expect it to be rolled out separately. More details on that progress later.
- Benefits: These enhancements are setting the stage for exciting new features, like DCA (Dollar-Cost Averaging), to be smoothly integrated.
Solana Audit:
The Solana audit is progressing nicely, and we’re looking forward to sharing the results with you soon. Following up from that, Local testnet launch, Perseverance launch, then Mainnet. Stay tuned for updates on this one.
Campaigns: We’re planning to run some exciting campaigns on Solana testnet to get the community involved in this significant update. We want everyone to be a part of this journey!
Product Update:
Boost: Boost is ready for launch! Major updates have been made to both the swapping app and the LP app, significantly enhancing the overall look and feel. Take a moment to check out the new LP Dashboard V2—you’ll notice some substantial improvements if you haven't already:
Campaigns: Initially, our focus will be on observing Boost's organic performance. Once we’ve got a handle on how things are going and what the market thinks, we’ll consider launching targeted campaigns, especially aimed at the BTC community.
Ongoing Work:
- Fill-or-Kill Development: The development of Fill-or-Kill is ongoing and currently live on our staging network. It will soon be deployed to Perseverance, so keep an eye out for that update.
- DCA Implementation: Work on DCA functionality is also in progress. We’re currently in the discovery phase for all our apps (UX).
Marketing & Business Development:
Growth Focus: We’re putting a strong emphasis on attracting new audiences to engage with Chainflip. Our primary focus is on Solana and Bitcoin communities, as we believe they align well with our growth strategy.
Hiring: We're hiring for some marketing roles! If you know anyone who’d be a great fit, or if you’re interested, check out the opportunities here: Chainflip Jobs
Strategy: We’re actively exploring new communities and opportunities to grow:
- SuperTeam, MonkeDAO, and Solana Ecosystem: These are key communities we’re targeting. We’re planning to participate in conferences like Breakpoint, engage in Discord communities, and even host some in-person meetups.
- Campaigns & Branding: We’re working on strategies to position Chainflip within the Solana ecosystem. This includes refining our messaging and ensuring it resonates with our target audience.
- Partnerships: We’re planning collaborations that include educational content, deep dives, quests, PR, and much more with our new partners.
Community Updates
Our recent hackathon is wrapping up, and the Hummingbot integration is coming together nicely. We’ve noticed a significant uptick in activity on the LP app, which is a great indicator that our user base is growing and more people are engaging with Chainflip.