Monthly Report [March 2024]

Stackswap
4 min readApr 11, 2024

(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 145,648)

Stacks Accelerator Verified Tokens: 12

  • Stackswap (STSW)
  • Stacks (STX)
  • ALEX (ALEX)
  • atALEX (atALEX)
  • 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)

Stackswap Ecosystem Updates

Preparing for the Nakamoto Update

The Nakamoto Update aims to reduce Stacks block time from the current approximately 10–15 minutes to approximately 5 seconds. This is expected to attract a large number of users by improving user experience in the highly volatile environment of the cryptocurrency market.
The Stackswap platform will follow the Nakamoto Update schedule, and some functions such as LP, staking rewards, and launchpad (token generation) may be suspended until the update progresses stably. We ask for users to report any bugs or issues that may arise that we not have anticipated.

Key actions

Issuance of new tokens through Launchpad: To minimize uncertainty that may arise during the Nakamoto update and to protect user assets, the creation of new tokens may be temporarily suspended.

Regarding LP and staking rewards: Rewards may be temporarily suspended for one week before and after the Nakamoto update if unexpected circumstances occur. This is to smoothen the protocol transition due to the Nakamoto update. (There are currently no plans to discontinue rewards, and rewards will be in the same form as before.)

User Experience Optimization: We prioritize avoiding any confusion that may occur to users during this update process and ensuring that the platform runs in a stable environment.

The Nakamoto Update will bring significant changes to the Stackswap platform, and these measures are aimed at making the process smoother and more efficient. The temporary suspension of new token and pool creation is focused on protecting the interests of our users and community.
If we suspend rewards, all final decisions will be made through community voting, and we will work to gain community understanding and support for this change. We actively welcome input and participation from community members at this important juncture.

Accelerating Blockchain Innovation with AI-LLM: Introducing Clarity Code Generation on the Stacks Blockchain

While preparing for Stacks’ Nakamoto update, the Stackswap team is embarking on innovative development that combines the robust decentralized architecture of the Stacks blockchain with a large-scale language model (AI-LLM). Our goal is to simplify and accelerate the development process on the Stacks platform by developing AI-based tools that generate Clarity smart contract code tailored to users’ specific needs.

Through this, we aim to create tools that can attract more decentralized applications.

The core of Stacks Dapp development lies in the Clarity language for implementing smart contracts. However, mastering Clarity requires a lot of trial and error, which can slow innovation and the launch of new platforms.

Our solution leverages the power of AI-LLM to bridge the gap between complex smart contract development and the rapid demand for blockchain applications. By understanding natural language requests, our AI tools can generate some of the clarity code requested by the user. This approach can significantly reduce the development time of smart contracts, speeding up idea implementation, project deployment, and maintenance.
development goals

Custom code generation: Users describe the functionality they want in a smart contract, and our AI tool generates it as clarity code.
Reduce errors: Code generated by AI LLM goes through multiple verification procedures, minimizing mistakes or compilation errors that may occur when developers write code themselves.

Code optimization: AI models continuously learn and can incorporate the latest programming patterns and optimization techniques into code generation.

Expanded Accessibility: The goal is to enable even non-experts or novice developers to develop Smart Contracts using the Stackswap platform. This provides an opportunity for more developers to participate in the Stacks ecosystem, and we expect to see an increase in the diversity of innovative community-led projects.

Future Prospects

We are very excited about the potential for the Stacks community and the broader blockchain ecosystem as we continue to refine and enhance the capabilities of our AI-LLM tool. By lowering the barrier to entry for smart contract development and fostering an environment of innovation and creativity, we believe we can accelerate the adoption and utility of blockchain technology.

This initiative is just the beginning. We will continue to explore deeper integration of AI into blockchain development, ensuring our community remains at the forefront of technological advancements. Stay tuned for updates on progress and new features in the coming months.

As we join you on this journey, we welcome feedback, suggestions, and collaboration from our community. Your insights will be invaluable as we work to make blockchain development more accessible, efficient, and innovative for everyone.

Stackswap User Guides

Join Our Community

  • Use the Stackswap App
  • Follow the latest news & updates on Twitter
  • Join the discussion on Discord
  • Find all Stackswap links here

--

--

Stackswap

The First Complete DEX leveraging the Bitcoin network