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: Development 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): Stakenet Wallet Aggregator Binance 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…
We have already executed cross trades from BTC to ETH via Lightning and Raiden and have a proof of concept in place. We look forward to working with the Raiden developers and community for this task of creating a much needed BTCETH bridge over these 2nd layer protocols. Stakenet fact raiden dex Error Improvements/ UX Improvements
Improved UI/ UX error handling in the wallet.
Downsizing the steps in wallet.
Updated channel rental UX.
Through our closed beta feedback we have simplified certain things to allow for a more clear and intuitive user experience. Including an upgrade to our channel rentals UI, wallet interface and more. XSN VORTEX [ROADMAP UPDATE]
With DEX technology stable we are able to look ahead now at various features and tools that become available. One of them is a DeFi feature we believe will have a very large impact called VORTEX, when enabled it will allow any funds in Lightning, Raiden etc to be Arbitraged with external exchanges directly from your wallet via our DEX.
Provide the user with simple and easy to use interface where they can create and test strategies for the best possible results and returns. Easily run the strategy with the push of a button.
Up till now banking, trading, and investment firms have had a monopoly on Arbitrage, with a very high barrier to entry being required. Vortex will give the everyday users the tools and ability to compete against these firms. We see this as an important target as it effectively decentralizes the current multi trillion $ automated trading industry. Stakenet DEX stages
Our post launch roadmap will have 3 stages. GAIA, PROMETHEUS, and HYDRA:
GAIA (DEX launch): At launch HUB network will start small with some restrictions in place. This is for final testing and to ensure security. DEX HUB’s act as routers, it is not possible to steal funds even if only one HUB exists, funds remain in users wallet at all times.
PROMETHEUS: Add multi hubs and expanding the network. Multi Hubs allow redundancy for uptime and greater liquidity.
HYDRA: Final phase is dubbed HYDRA. Network offloaded to XSN HYDRA nodes (nodes run on top of the Stakenet blockchain) for a global unstoppable network.
All current XSN Masternodes will be upgraded to XSN HYDRA nodes during Stage 3. Next Milestones
Working with our aggregating partners to increase depth/liquidity + backend connections (to other exchanges, both decentral and centralized).
Raiden integration onto the DEX allows for Ethereum + all Ethereum tokens to be added to the DEX, for instant exchanging into BTC.
Trezor/Ledger integration into the LW will allow trading on the DEX directly from your HW device. Trade with your keys safe and protected at all times.
Launch date: Setting official launch date for the DEX.
For more information, updates, and news, follow us on Twitter or join the Stakenet discord.
By 2022 XSN will be $100+ and every single no staker will be dragged from their homes and hung from street lamps
Daniel Russell
> We have already executed cross trades from BTC to ETH via Lightning and Raiden and have a proof of concept in place. We look forward to working with the Raiden developers and community for this task of creating a much needed BTCETH bridge over these 2nd layer protocols.
That’s the hot sauce right there
Luis Gomez
man this project is gonna go up so hard
Ian Cook
Don't know this shitcoin, but if they can pull this off and scale it can be a nice bet for the coming golden bullrun. I'll be sitting on the sidelines until then.
Aiden Brown
Thanks just bought 15K.
Jack Evans
Congrats on what I presume to be your first masternode!
Christian Cruz
WHY IS IT DUMPING!!!! Also it's a meme, already have 10+ nodes.
