Monthly Progress Report – January 2025
Hello, Astar Forum!
As we wrap up the last month of the year, I’d like to share the progress our team has made on some exciting developments. For those who have been following along, you already know that we’ve been working tirelessly to bring cutting-edge solutions to the Soneium ecosystem, and here’s a detailed overview of what we’ve accomplished so far.
1. DEX Development:
As some of you may know, we’ve been working on our very own anime-themed DEX ever since Uniswap announced the launch of their V4 version. Our team has made significant strides in building a unique DEX, and we are incorporating the latest V4 technology to enhance the user experience on Soneium. We’re bringing high performance, low-latency trading, and innovative features like customizable pools and hooks that will set us apart. Right now, we’re still in the development phase, but you can check out a sneak peek here: https://NEET.gg/dex (Please note, interactions are disabled for the moment).
2. Soneium Ecosystem Expansion:
We are committed to integrating the advancements from V4 into the Soneium platform to ensure the ecosystem benefits from these revolutionary updates. This integration will enable faster transactions, more customizable options for users, and a robust foundation for future growth. By combining V4’s tech with Soneium’s vision, we’re setting the stage for a next-generation DeFi experience that’s scalable, efficient, and user-friendly.
3. Team A - Core Development Work:
Team A has been focused on developing key features that will provide the foundation for many upcoming enhancements to the platform. Here are the highlights:
• Hooks – A powerful new addition that allows for custom functionalities to be executed based on events, making it easier for developers to integrate advanced logic into smart contracts.
• Customized Pools – A new approach to liquidity pools that offers more flexibility and allows for tailored settings to optimize trading conditions for users.
• Singleton – An important design pattern to ensure that a single instance of a contract is used across the network, streamlining processes and ensuring consistency.
• Flash Accounting – A new technique for accounting that allows for quick and efficient tracking of transactions within a single block, improving transaction speed and reducing costs.
• Donate – A donation feature that will enable users to support causes and projects within the ecosystem, bringing more value and engagement to the community.
These features are just the beginning, and we’re working relentlessly to refine them for optimal performance.
4. Team B – Raffle Integration & New Features:
Team B has been working diligently on integrating new features into the Soneium platform, particularly around raffles. The integration will include:
• NFT Collection Information: Real-time details about collections, including size, floor price, volume, rarity, and traits. This feature will help users make more informed decisions when participating in raffles.
• Advanced Raffle Features:
• Gift tickets to wallets.
• Issue tickets as NFTs, allowing for a secondary market and generating additional royalties for NEET and raffle creators.
• Automatic destruction of raffle NFTs after the event ends to maintain exclusivity.
• Dynamic Ticket Pricing: Implementing flexible pricing structures, allowing for incremental ticket prices per lot and adjustable numbers of tickets per lot to ensure the raffle always meets its goal, even at lower price points.
• Raffle Launch Triggers: Trigger raffles based on predefined ticket sales, specific date/time, or a combination of both.
• A-1 Features: Introducing a raffle-based mint launchpad for NFT projects, enabling dynamic ticket pricing and royalty generation from secondary sales.
• B-2 Features: Gamifying the marketplace to reduce entry barriers and attract broader participation, offering liquidity solutions for high-value assets.
This integration will offer more ways for users to participate, trade, and engage with the platform, driving further adoption.
5. Dapp Staking and Support Call:
As some of you may have noticed, our NEET Dapp staking has fallen to Tier 4. We’re reaching out to the community for support to boost our engagement and help us deliver the best possible product on Soneium. If you haven’t already, we encourage you to visit our staking portal and participate in helping us regain momentum: NEET Dapp Staking Portal.
In Conclusion:
It’s been a busy month, and we’re incredibly excited about the direction in which we’re heading. The team is committed to building a world-class platform, and with the continued support of the community, we’re confident that Soneium will evolve into one of the most innovative ecosystems in the space.
Stay tuned for more updates, and thank you all for being part of this incredible journey!
Some assets in the screenshot are placeholders.