/biz/ - Business & Finance

SUMMARY

We have had a great month of development progress as we executed our first community DEX beta tests which resulted in success as over 50+testers were on boarded with no significant errors hit. Our team is proud to have stabilized the technology behind our P2P Lightning DEX swaps, successfully showcased them to our community and now are able to look ahead to next developments. The first and foremost being the integration of Raiden, Ethereum’s off chain client into our ecosystem. Updates on this and more below
DEV UPDATES

Aggregator partners have connected with external exchanges

Verified API’s behaving properly, handling requests from both external exchanges + DEX
Confirmed Stakenet DEX has the ability to support third party arbitrage/ liquidity

We have proven not only that we can launch with initial liquidity, but confirmed ARB taking place on traditional /central markets is able to migrate onto Decentralized Exchanges as well. We see this as a significant step for the progression of DeFi & blockchain as a whole ahead (see GIF of the aggregator at work connected with Binance below)
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Raiden Integration into the DEX has begun

As the DEX and wallet are now stable, developers have begun work on integrating Raiden into the DEX. This will bring…

Stablecoins (such as DAI)
Leveraged trading (FTT + FTT Tokens )
DeFi (COMP + more)