February 9 2023, Ecosystem Updates for SORA, Polkaswap, and Fearless Wallet
The SORA, Polkaswap, and Fearless Wallet projects are all closely related as they form integral parts of the SORA and DOTSAMA ecosystems (of which SORA is a part). That is why development status updates are released every two weeks for these three projects, in one convenient place, with development updates from across the community. Enjoy the February 9, 2023 Ecosystem updates!
If you missed the previous ones: January 23 / older Ecosystem Updates are archived here and even older Dev Updates are archived here
Welcome to the February 9th Ecosystem Updates!
You are Here
They say that change is the only constant and as you can see by the overall look of the SORA Integrated Plan, we are no exception. Last time Ecosystem Updates introduced this new look, but we didn’t go into the details about what changed. Some of the rings in the update are completed. This means that with the experience and newfound powers, we have obtained through the hard work of completing these milestones, we can move forward, as a community toward the uncharted waters of new and amazing challenges, with the knowledge that, if anything, we will come out harder, better, faster, stronger on the other side.
Every track of the Integrated Plan has made great progress, but we will omit the milestones that are completed and provide an update on the ongoing ones, then finally jump into the new features being worked on.
First, we will cover the business track. Ongoing activities to increase SORA network adoption and educate new users as well as crypto degens on what makes SORA special, never end and are being done continuously. Thank you to each and every community member who provides suggestions and constructive solutions to improve the educational messaging about SORA.
We are happy to announce that there is great progress with the SORA Card and SORA IBAN. This is more complicated than the movement of a Swiss clock, so it has taken plenty of time to get each wheel moving precisely, although some wheels are more difficult to integrate than others. There may have been a few delays along the way, but there is always progress. This time is no different, and the SORA Card Phase 1 is right around the corner, with public testing of the SORA Wallet’s SORAlution test app, available today on Google Play for Android and on TestFlight for iOS! We hope you participate and help us find any issues ahead of launch.
The new focus in the business track will be on Polkaswap as a Service. On a high level, this is a program to provide increased liquidity for tokens within the DOTSAMA space, including parachains. Many times tokens are only available on CEXs or from parachain lease auctions, making it difficult for users to obtain them. The Polkaswap as a Service program seeks to help make these (and all tokens) to be available to users with the style and freedom they have become accustomed to with Polkaswap.io. More information and progress will be available soon, so watch this space!
Let’s move on to the backend track. The SORA Kusama parachain and subsequent SORA Polkadot parachains are a strong focus, however, there are fundamentals that need to be in place before bidding in the candlelight auction; in our case, that would be the parachain bridges that will connect these slots to the SORA mainnet. There is great progress on the Kusama parachain bridge and it is now undergoing rigorous testing by the QA team, while some devs continue to work on addressing all the issues raised, like clockwork. The trustless EVM bridge will come further along the pipeline. Focusing on each piece of crucial infrastructure at a time allows for work of better quality, which in turn is safer and more efficient.
Along with the work connecting the SORA network to other networks, there is also plenty of internal work going on to strengthen, upgrade, and future-proof the SORA blockchain. Work on Order book functionality being one of them. That’s right, Polkaswap will have order books added to it to allow for limit orders to be executed in combination with XYK liquidity pools.
The SORA economy guides the development of the network, and a key element to this is the creation of money for productive purposes. The only way that money can be productive is if it holds it’s value, or in other words, if it’s stable. This is where the SORA Synthetics platform comes in. Backed by the XST token, and ruled by XST Tokenomics, the platform will be able to produce stable assets that hold their value against many existing real-world assets, reducing the risk of volatility that cryptos are subject to due to their speculative nature. On the other hand, we also mentioned that TBCD, a new stablecoin which is now live, will be used to fund project development and the creation of goods and services in the SORA economy.
Moving on to the web track, Polkaswap.io is constantly improving the amount and quality of the data available to users. As the main liquidity source of the SORA network and of the SORA economy, it is important that the flow of information to gauge the health of the network is as accurate, accessible, and stylish as possible.
On the other hand, user adoption of the SORA network and also the Substrate ecosystem is a key priority. As an ecosystem, we all benefit from user adoption, and as humanity, we all benefit from decentralization and inclusion to the services that the Polkadot, Kusama, and SORA networks build 24/7/365.
Fearless Wallet as a Substrate-standard that even other teams have built upon, seeks to be the most convenient and user-friendly interface for users of all experience levels. In the last update, we mentioned that the ßeta release of the Fearless Wallet Browser extension is available in the Chrome web store, and we extend the ongoing invitation to try it out and give us your feedback and thoughts as work continues toward the full release.
Finally, on the mobile track, with the monumental amount of work that went into the Substrate 4 integration, SORA network assets are now available within Fearless Wallet!
As if that was not enough, Polkaswap functionality within Fearless Wallet, although currently limited to swaps, is being worked on as we speak. The team is hard at work implementing liquidity provision, which is a much-loved function by many users.
Speaking of liquidity provision, crypto’s best-kept secret, the Demeter farming platform is being worked on for integration into the SORA wallet mobile app. With Demeter Mobile integration you will be able to add liquidity to your favourite pools on the go, without the need for a pc! Fearlessly farm with style and freedom!
The business and mobile tracks cross at the SORA wallet integration of the SORA card. As mentioned earlier, there has been a lot of time, effort and love invested into a test version of this much-awaited functionality. It is important to mention that after testing is completed, Phase one will be available, which means XOR onramps and signups to the SORA card. Soon after, Phase two will be announced, which will include fiat top-up and ordering the physical SORA card. Stay tuned for these important milestones, which you can rest assured you will find in this section of the SORA ecosystem updates.
And last but not least, the SORA Typeface expansion is an interesting part of this track. According to Google Fonts, the SORA typeface has been featured in over 57,000 websites and being served by the Google Fonts API over 58.6 million times over the last week, therefore, it is only natural that work on optimising it and improving it is part of the SORA Integrated Plan. Upgrades and improvements will be duly announced so that you always have the most up-to-date version. As a little easter egg, the text available in the Google font type tester is part of the UN’s Universal Declaration of Human Rights, fitting for a universal typeface.
You’re now up to speed with what has happened in the last weeks in the SORA Network and the current state of the SORA Integrated Plan. Please look forward to the upcoming news from the SORA team and see you next fortnight. Let’s get back to work!
*This is not financial advice, always make sure to do your own research!
You can find the summary of the integrated plan points in the SORA Wiki.
SORA Ecosystem Update #55
Business Track Progress:
- Polkaswap as a Service — 25%
- SORA Card — 90%
- SORA IBAN — 90%
SORA Card articles are being continuously released with topics covering the SORA Card introduction, SORA Card key features, a comparison between SORA Card and other crypto-powered banking services, an interview with the people behind the SORA Card tech and management. The SORA Card Phase One article was also recently released. The SORA Community recently held an AMA with Dr. Makoto Takemiya and Beno van Gansen regarding SORA Card, read all about it in this recap.
Stay tuned for more articles with interesting and insightful information on this great tool for financial freedom. SORA Card | Value Freedom
⚙️ SORA Blockchain Update
XST Tokenomics
We released the 2nd batch of XST tokenomics on the mainnet!
Changelog for the release 1.6.0 comprises of;
- XST as a base asset for XSTUSD
- XST buy-back and burn
- Change peg from XOR to XST for synthetics
- Added a new swap path (xst-xor-XSTUSD)
- Set the XST floor price to 0.0001
- New extrinsic:
xstPool.setSyntheticBaseAssetFloorPrice(floorPrice)to set the floor price for XST - Swap transfer batch (ADAR feature)
- Removed the market maker countdown
- Add technical storage to metadata
- Added get_average_buy_price and get_average_sell_price functions to prevent pump-and-dump attacks
- Fixing staking withdraw lock
- Fixing PriceTools which didn’t use XYK market for the XOR-XSTUSD pair
TBCD
We released the new TBCD token and tokenomics on mainnet!
Now that TBCD is out, XST will no longer be minted by governance
Changelog for the release 1.7.0 comprises of:
- TBCD Tokenomics
- What is TBCD ? — Introducing TBCD
- Initial mint of 1,688,406 TBCD to pay for outstanding network development costs corresponding to August and December 2022
- Why do we mint new tokens to expand the SORA economy? — The Case for XOR, Makoto Takemiya, 2022
- New extrinsic:
vestedRewards.updateRewardsto restore rewards to accounts for which they disappeared after having removed the market maker countdown - The proposal to restore the rewards is now in the hands of SORA Governance
- Fix for
liquidityProxy.quotefilterMode to work with multi Forbidding
Substrate Trustless bridge: Kusama parachain
- The Substrate bridge has been deployed to a private testnet and is being tested by the team
- The team has been focused on XST and TBCD tokenomics in the last few weeks
Multi-EVM Trustless bridge: Ethereum
- The team has been focused on SORA Card, not been much progress here from the last few weeks unfortunately
XST Platform Token for synthetic assets
- The team has completed the implementation of the features on SORA and are now under review
- The partner team has started working on their side on the integration to testnet
- Expected time until integration on testnet: 2–4 weeks
📱 SORA Wallet Update
Getting ready for the release 3.0.0 — Wallet redesign & SORA Card
You can already try it on the test environment here!
Changelog for the release 3.0.0 comprises
- Redesign of the wallet
- A completely new user interface for the wallet
- Worked on reducing the technical debt
- Worked on improving the flexibility of the architecture
- Worked on improving the user experience
Integration of the 1st phase for SORA Card, directly into the wallet
- Register and verify to order SORA Card
- Buy XOR with euros
Getting ready for the release 3.0.0 — Wallet redesign & SORA Card
You can already try it on the test environment here!
Changelog for the release 3.0.0 comprises
- Redesign of the wallet
- A completely new user interface for the wallet
- Worked on reducing the technical debt
- Worked on improving the flexibility of the architecture
- Worked on improving the user experience
Integration of the 1st phase for SORA Card, directly into the wallet
- Register and verify to order SORA Card
- Buy XOR with euros
👷🏽♀️ SORA Builders Programme News:
ADAR Updates
The ADAR Team will be sharing updates soon with the community, in the meantime, here is what they have been working on so far:
- Critical bugs fixed, the final round of testing is 90% complete, which will be ready before the testnet is available (public testing)
- The code has been refactored several times due to SORA backend changes
- Batch swap and send by asset functionality has been implemented
- Batch for assets functionality is under review (one signature for everything)
- The feedback form is ready
- A testnet guide is under review
- We expect that the Public Test period will commence as early as next week!
- The ADAR development timeline is available here
For frequent updates from the ADAR team, join their Telegram group!
Here is the proposal submitted by ADAR, for more information on the Abed Group, take a look at this deck, and to try the version available from the completion of the first milestone, you can visit the ADAR website.
Ceres Updates
The Ceres team is working hard ahead of the launch of the Hermes platform. In collaboration with the SORA blockchain team, Ceres is happy to announce the recent testnet release of SORA v1.8.0, which includes:
• Integration of the long-awaited Hermes Governance Platform to the SORA network — The “Hermes-governance-platform” pallet for the Hermes DAO
• A Launchpad update — the fee for a successful ILO was added
• The implementation of $XSTUSD as a base asset that can be used to raise funds.
These functions are still being tested internally by the Ceres team to ensure a high-quality release. More information on the Hermes platform will be provided soon!
Additionally, TBCD has been integrated into Ceres tools, more specifically:
🤖 TBCD has been added to the @ceres_polkaswap_bot on Telegram
🛠 TBCD has also been added on tools.cerestoken.io (price, pairs, chart)
📲 And finally, TBCD has been added to the Ceres Tools App (price, pairs, chart)
For constant updates from Ceres, subscribe to the Ceres Announcements channel on Telegram
The Demeter Farming platform is available on the SORA network for users to farm with liquidity pool LP or single-sided staking, with interesting APR*. New pools are constantly added, too. Demeter farming is directly integrated into Polkaswap, for convenience. For more information, read this Medium article on the Demeter platform.
*Not financial advice, always do your own research.
🐈⬛ SORA Request for Proposal updates:
The SORA Decentralized Development walkthrough was published on September 2nd, take a look at the new RFP system and submit your proposal in an easier and more intuitive way. Please let us know your thoughts about these improvements in the SORA network community chats on Telegram!
Join the Decentralized Development channel on the SORA World Discord.
Thank you for making it all the way here. Your interest is much appreciated. If you are a passionate community member who evangelizes SORA and its supranational cryptoeconomic values to anyone willing to lend an ear, we are looking for you!
Join the SORA Ambassador Program and help us grow, moderate, educate, inspire and encourage the existing community, while reaching out to others. We are open to ambassadors who speak any language, but ideally, a basic level of English is required to communicate with other ambassadors (unless you bring an interpreter).
If you are interested in joining, reach out to an admin, and stay tuned for more updates.
Polkaswap Ecosystem Update #58
✅ Polkaswap v1.14 has been released! It includes XST tokenomics support & the TBCD token
👨💻 Coming soon:
💳 SORA Card KYC integration
💲 CEX integration (Buy XOR with fiat directly using the X1 widget)
👨💻 Work in progress:
✨ Network stats page (all SORA network-related info in 1 place!)
✅ Status bar (internet node & statistics services connection)
⚙️ Google login (as an alternative way to sign transactions, so any browser on Desktop/iOS/Android might be used)
👀 And other UX and performance improvements
Trade on Polkaswap.io with even more style and freedom using the Web3-optimized Mises Browser!
Mises is an open-source and user-friendly mobile browser compatible with most Chrome extensions 🌐 Learn more at mises.site
The Polkaswap Bug Bounty is ongoing! Submit your findings to the Immunefi platform!
For more information and participation rules, read this article on the SORA / Polkaswap Bug Bounty Programme.
SORA Web Track Progress:
- Fearless Wallet Desktop App and Browser Extension: 97%. The Beta version is available in the Google Chrome WebStore
Fearless Wallet Ecosystem Update #63
🚀 The team is currently working on:
💪 SubSquid project integration to provide users with aggregated information about rewards and transaction histories
💪 XCM cross-chain teleports initial preparations and research
💪 Finishing Equilibrium chain and assets support after the network’s recent runtime upgrade
💪 Minor performance improvements
🚀 The Android team is developing the following features:
💪 Release preparation and final testing of the Polkaswap swaps implementation
💪 SubSquid projects integration to provide users with aggregated information about rewards and transaction histories
💪 XCM cross-chain teleports initial preparations and research
💪 Minor performance improvements
🖥 Browser Extension and Desktop Applications
🔥 The Open Beta testing stage was launched on January 25th
🚀 Now the team is busy with:
💪 Processing feedback from Beta testers and preparing production-ready versions for Chrome and Firefox Web markets
💪 Working on EVM based networks support: fetching balances, transaction histories, making transfers
💪 Polkaswap swaps implementation: layout and logic integration
💪 Performance and architectural improvements of the App
🚀 Collaborations and future initiatives
🤝 Aleph-Zero team: AMA was held on January 31st
🤝 SubSquid team: close collaboration around new projects and technical Q&A
🤝 SORA and Polkaswap teams: liquidity pools and other Polkaswap features integrations planning
🤝Talisman team: Wallet Connect v2 integration discussion and planning
#StayFearless 𒉡𒉎𒋼
About SORA, Polkaswap, and Fearless Wallet
SORA is a new economic system aimed at creating a supranational multiverse economic system with built-in tools for decentralized finance (DeFi). The SORA network implements a new way of parachain architecture on Polkadot and Kusama network, with the capability to bridge external blockchains (like Ethereum) to the Polkadot ecosystem.
One of the DeFi applications that will run on the SORA network is Polkaswap, a noncustodial liquidity aggregating, cross-chain AMM DEX designed uniquely for the Polkadot ecosystem with boundless liquidity through its one-of-a-kind Aggregate Liquidity Technology (ALT).
Fearless Wallet is a bespoke mobile wallet designed for the decentralized future on the Polkadot and Kusama ecosystem, with native support for iOS and Android platforms. A premium user experience, fast performance, and secure storage for your accounts. Fearless Wallet will integrate Polkaswap for easy, decentralized swaps of assets.
Connect With Us
SORA 𒀭 community:
Twitter | Telegram | Reddit | YouTube | Announcements Channel
Polkaswap 𒊹𒂵𒆜 community:
Twitter | Telegram | Reddit | YouTube | Announcements Channel
Fearless Wallet 𒉡𒉎𒋼 community:
Twitter | Telegram | Element | YouTube | Android App | iOS App
