( Disclaimer: The contents are subject to change without prior notice, and under no circumstances can it be used as evidence of legal responsibility for investment results. The information provided here does not constitute investment advice. If you have any questions, please contact the Stackswap team. )
Hello, StackSwap Community.
In the third quarter of 2022, the stack swap team targeted the establishment of an order book-based DEX.
The initial on-chain Order book DEX must be recorded on the blockchain with all order details and histories interacted with. So it required a higher throughput than the mainnet could afford, and it required significant resources in network security and decentralization. Due to this, order book DEX had relatively limited liquidity and poor user experience compared to cex, and AMM-based DEX became a market trend as an alternative system for this.
However, as the market matures, as technology advances such as Layer 2 technology that supports the throughput of the mainnet and the hyperchain of Stacks, orderbook-based DEX is no longer an impossible technology.
At the same time, as the fundamental problems of AMM DEX (1. limited information and ordering method, 2. unavailability of leverage, 3. high slippage cost, 4. weak structure such as flash loan, rug pull, etc.) emerged, order book-based The needs of DEX are starting to be demanded again in the market.
The limitations of the P2P-type AMM-based DEX are clear, and the stackswap team agreed that support in the form of an orderbook is needed for function scalability such as leverage, futures, and options.
To build the orderbook dex, the stackswap team built an initial model that considered factors such as spread density, order type, order size, and user reward structure and the timing of the update of the hyperchain. We are considering an update in a form that can be tested by general users by the end of the year.
Along with this, there were activities such as user guide updates, $STSW support from NFT Studio, and Gmcats mint through STSW.
Progress Report
> Stackswap Dashboard (at block number 73,977)
- Farming
- Staking
> Stacks Accelerator Verified Tokens: 9
- Stackswap (STSW)
- Stacks (STX)
- Arkadiko Token (DIKO)
- Arkadiko Stablecoin (USDA)
- Miamicoin (MIA) v1
- Miamicoin (MIA) v1
- Newyorkcity Coin (NYC) v2
- Newyorkcity Coin (NYC) v2
- Lucid Bitcoin (lBTC)
Stackswap Ecosystem
> User Guide Update — meidum
As part of the user usability improvement work, the How to guide was additionally updated. This update is a guide to Launchpad (New Token, Group Farming) and Cross Chain, which had some hurdles for general users to use.
We hope that this guide will be helpful to users, and as always, if you do not understand or are difficult to use, please contact us through our community channels (Discord, Telegram, Twitter, etc.).
> NFP Studio support $STSW
NFT Studio, which provides various information such as price, market cap, and wallet account info of Stacks projects, started to support Stackswap ($STSW) price.
In NFT Studio, the contents of stake and farming balance in the project can also be checked on one page, making it easy to manage investment assets.
> GMcats partnership
You can MINT 1 GM Cats NFT with 720 STSW or 80 STX on the Gmcats homepage.
Aiming for user community interaction and community-based scalability, GM Cats deals with solid stories and unique materials.
How about growing up while experiencing the various stories and ecosystems of GM Cats at the beginning of the project?
Stackswap User Guides
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