Biweekly Report [2H July 2023]

Stackswap
3 min readAug 8, 2023

(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,

Progress Report

> Stackswap Dashboard (at block number 116,171 )

Stacks Accelerator Verified Tokens: 12

  • 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)
  • HireVibes (VIBES)
  • ALEX Token (ALEX)
  • auto ALEX (atALEX)

Stackswap Ecosystem

Bridge Updates

In the previous Biweekly report, we shared our views on the need for a Stacks bridge and the challenges of our current development and aimed to resolve this issue through a community Governance vote. While finalizing the Governance page for community voting and use of vSTSW governance tokens, we heard some very welcome news about the bridge development from the Stacks Foundation.

https://twitter.com/Stacks/status/1686398481143926784?t=bp5NijKu_UXFlYEmnTBvhg&s=19

Following this news, there will be no vote held for bridge development through existing governance proposals, and an in-depth review of the compatitbility of Allbridge’s specifications supporting the Stacks bridge and Stackswap’s tokens (both ERC-20 and SIP-010) will be conducted.

Allbridge’s technical specifications work with the Stacks bridge and will include verifying interoperability between the ERC-20 and SIP-010 token protocols.

Building such a blockchain bridge will be an important technical element that enables communication between blockchains and will help ensure the smooth movement of assets and data.

Stackswap’s team is expected to accelerate the implementation of these technologies, facilitating more secure and efficient network connections. We appreciate the Stacks Foundation’s effort to support the creation of such a bridge, and the Stackswap team will prepare to work in conjuction for the greater growth of the Stacks network. This process will contribute to improving blockchain interoperability and expanding community participation, supporting the growth and stability of the overall Stacks ecosystem.

UI Updates

Work is in progress to update the Stackswap website’s UI to improve user experience and convenience by making full use of the characteristics of blockchains. The current design draft has been completed and is undergoing the process of optimizing and fine-tuning each function and item. This update will provide users with a faster and more stable trading environment, and further highlight the platform’s core values.

The upcoming UI update will greatly enhance the technical details, but also the intuitiveness and efficiency of the user experience. The specific schedule and details of the update will be announced through a later announcement.

Stackswap User Guides

Join Our Community

--

--

Stackswap

The First Complete DEX leveraging the Bitcoin network