Demodyfi Protocol Finishing Alpha Testing Soon
The Demodyfi Protocol moves closer to going live!
December Pre-Christmas News
Hello Demodyfi family!
As we continue to make our way through the final month of the year, it's time for another bi-weekly update on what the Demodyfi team has been up to! This time, we are going to focus on what the dev team has been working on since our previous newsletter.
If you have any questions, feel free to send your questions to our email at info@demodyfi.com. Another way to ask your questions is through our socials! Follow our socials to stay in the loop! Join our Discord, Telegram, Twitter, Medium, LinkedIn, and Instagram, and ask us!
TL;DR
Moonbase Alpha preparing to move out of Alpha
Demodyfi Swap DApp UI completed and smart contracts integrated - Integration has begun
New designs for list-based pools and staking
V1 Beta for Swap and Liquidity has begun
Moonbase Alpha - getting ready for the next stage!
Previously, we mentioned that the Moonbase Alpha was in the final stages of testing! As of this update, the chainbridge is in its final testing phase! Currently, the team is putting the finishing touches!
What does this mean for Demodyfi? This means that the Demodyfi Protocol is moving closer to officially giving users the ability to bridge tokens. Our cross-chain swap is coming! We are really impressed with what the development team has been working on since our last newsletter!
Expect to see better UI improvements for the transactions that appear on your screen. You should now be seeing more information on your screens including a better flow of movement for users!
New list-based pools for staking are being designed
Another project the dev team is working on deals with Demodyfi's staking options. As the project is currently in the early phases, the team is developing a design for different list-based pools. What does this mean exactly? Put simply, the list will allow more information to be clearly displayed for users.
The team is working on providing different choices for users. In doing so, we have to also keep in mind that we need to keep it simple with these designs.
Smoothing out the Demodyfi Swap DApp
Last time, we mentioned that the dev team was laying out the user interface for the Demodyfi Protocol. What we're excited to announce is that the Demodyfi Protocol UI has been completed! This will make for a superior user-experience for everyone who uses the Demodyfi Protocol! Whether you are a diamond-handed crypto vet who has survived crypto winters, or if you are a complete beginner to the world of crypto, simplifying the user-friendliness of crypto is something that we can all agree on!
We aren't finished yet, though! The Liquidity UI has also been completed! Pairing LP and adding liquidity doesn't have to be complicated when designed with the user in mind. Now, when looking at the liquidity charts, reading it should be like looking at a picture book!
Also, the initial integrations with the smart contracts have been included for the LP! All around, the team is making excellent headway!
New Swap and Liquidity - Beta V1
We are excited to announce that the dev team is working on the beta Swap and Liquefy function for the Demodyfi Protocol! This iteration is V1!
How this works is that the Demodyfi Protocol will be using cross-chain messaging protocols (AKA bridges) that will enable Demodyfi protocols to communicate across different chains! If you think we are constantly repeating cross-chains (which is really important), then we need to also include this: the swap and liquefy function will allow the ability to share liquidity as well as swap tokens!
Being able to work on these functions for swap and liquefy are really important! Being able to share liquidity across different chains is HUGE!
Final thoughts
It's only been two weeks, but what the dev team has been able to push forward is amazing! With the craziness of the crypto market, it's important to take notice of the projects that are pushing forward even when the overall market sentiment is trying to recover. Demodyfi is a project with a dedicated leader and team who is pushing forward, creating, and delivering!
The Demodyfi team is always open to exploring new avenues! Please contact the $DMOD team for any inquiries, and we will be in touch soon!
For our friends who will be celebrating Christmas around the world next week, we wish you a Merry Christmas and happy holidays to all of our friends wherever you may be in the world! We wish you and your family good health and safe travels! Take this moment to spend well-deserved time with your loved ones!
Happy holidays!
Demodyfi Team