State of the Reactor - June 16th, 2023
State of the Reactor - June 16, 2023
This State of the Reactor call included a v2 refresher, news on the awareness campaign (including the Zealy sprint), and roadmap timeline updates.
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Key Takeaways:
- The Autopilot feature automates yield-seeking behavior across various Liquid Staking Tokens (LSTs), simplifying position management. It accounts for multiple factors including incentives, fees, and market depth.
- Thanks to Autopilot, a known liquidity rate from Tokemak's Liquidity Management Pools (LMPs) can be established. This feature can be accessed via the Liquidity Marketplace, enabling DAOs to secure a predictable amount of liquidity without obscure incentives.
- The Zealy sprint has progressed with 8,000 quests claimed or completed by approximately 650 participants.
- The team anticipates that phase 1, currently undergoing audit timelines with Halborn, will be ready for launch in early September. A more accurate timeline will emerge as audits progress.
Cycle Movements and Development Updates:
- June 8: Cycle 267 to 268 rollover complete. Total rewards: $15,830.27.
- June 14: Cycle 268 to 269 rollover complete. Total rewards: $14,117.55.
- June 21: Cycle 269 to 270 rollover complete. Total rewards: $15,539.53.
- June 28: Cycle 270 to 271 rollover complete. Total rewards: $14,048.72.
In June, the team emphasized front-end activities for v2 UI development, and ongoing upgrades on the marketing site with mobile & tablet design transaction flow. Back-end activities included v2 contract plumbing (temporary debt reporting and fee testing among others), multi-chain config and contract integration, code reviews/implementation for Maverick and Swell integrations. Audits for various segments of v2 smart contracts are still ongoing with Halborn, with progress updates to be shared accordingly. Documentation for v2 has commenced.
General Updates for All Pilots:
- June 5: The dev team confirmed the first pieces of contracts are with Halborn for audit, with progress updates to be shared on the public Asana board.
- June 6: The Tokemak v2 landing page officially went live after exiting password-protected mode.
- June 7: The team hosted a Twitter spaces event with Swell and many others to discuss the threat of liquid staking centralization, the rise of LSDfi, and various other topics. Check out the Tokebase recap.
- June 19: The team hosted a Twitter spaces event with Maverick, discussing next-gen efficiency in DeFi and Tokemak's role as a liquidity aggregator!