TLTR
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Introduction
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Q3 2024 Milestones
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Q4 2024 Milestones & Plans
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Our Vision
Introduction
As we advance through the half of 2024, DackieSwap gleams with substantial progress and dynamic updates that are paving the future of decentralized exchange operations. From upgrades in NFT capabilities to strategic integrations that broaden its multi-chain reach, DackieSwap is not only innovating but also achieve a big milestone of decentralize. Below, we explore the progress in Q3 and outline the anticipated milestones for Q4.
Roadmap Status tracking here:
Q3 2024 Milestones
NFT Upgrade V2: Complete √
One of the highlights of Q3 was the successful implementation of the NFT Upgrade V2. The new functionality now allows users to upgrade multiple NFTs simultaneously, enhancing efficiency for our user base. Additionally, the introduction of the new NFT, QueenDACKIE, has enabled users to earn significant profits from staking. This upgrade has also positively impacted the liquidity of the DACKIE - ETH LP, as a large portion of LP tokens have been burned, thereby increasing the liquidity available on the platform.
DACKIE Yield Farming V2: Complete √
Yield farming experiences a revolutionary shift with the rollout of DACKIE Yield Farming V2, offering users more diversified opportunities to earn rewards. It is now deployed and yielding DACKIE across three major chains: Base, Optimism, and Arbitrum. On other chains, we have introduced the emission of the QUACK token, diversifying the profits users can earn through liquidity provision on DackieSwap.
Multi-chain DEX with Three New Chains: Complete √
The expansion of DackieSwap's multi-chain capabilities reaches a new dimension with the successful onboarding of Linea, World Chain and Unichain Sepolia. These integrations facilitate broader market access and enhance asset interoperability, offering users a more comprehensive trading experience across different blockchain environments. It marks a substantial leap towards making DackieSwap a truly universal decentralized exchange.
DACKIE Governance: Complete √
The governance framework within DackieSwap has been successfully implemented. Since its inception three months ago, the DackieSwap DAO has already approved ten proposals, showcasing the active involvement of the DackieSwap community in making important protocol decisions. A significant use case for the DACKIE token has emerged, granting holders the crucial right to vote on decisions affecting the DackieSwap protocol. This active participation not only establishes a more democratic and transparent system but also enhances community trust and involvement in shaping the future of the platform.
Dackie USD (dckUSD): Complete √
The introduction of Dackie USD (dckUSD) marks a pivotal development for DackieSwap, completed successfully in Q3 of this year. This feature plays a crucial role in the ecosystem by distributing a share of the protocol's profits to holders of dckUSD, providing them with tangible financial benefits. Moreover, the implementation of dckUSD has significantly enhanced liquidity across the DackieSwap ecosystem, reinforcing its stability and attractiveness to users. This advancement underscores DackieSwap's commitment to rewarding its community and strengthening its decentralized financial infrastructure.
CEX Listing: Postponed ø
As previously announced, we have decided to postpone the listing of DACKIE on a centralized exchange (CEX) due to low and fragmented liquidity conditions of the DACKIE token. We hope to revisit and complete this item under more favorable market conditions, and we plan not to disclose this update in advance.
Q4 2024 Milestones & Plans
Multi Aggregators Integration: In Progress ≈
Efforts to integrate multiple aggregators are currently in progress. So far, we have integrated with ODOS, and in Q4, we are proceeding with integration efforts with OKX DEX and KyberSwap. Moreover, an automatic feature that selects the aggregator offering the best rate will be included in this version. This step is expected to enhance liquidity sources, improve price efficiency, and bolster trade execution capabilities on the platform.
Cross-Chain Swap Integration: In Progress ≈
Cross-chain swap capabilities are being significantly advanced with Squid and Across as the two protocols we are considering for integration. This feature is projected to be completed by the end of Q4, significantly enhancing the platform's usability by allowing seamless asset transfers across blockchain networks and into DackieSwap’s ecosystem.
DApp Performance Optimization: In Progress ≈
Optimizing the performance of the DackieSwap DApp is an ongoing initiative aimed at reducing loading times, enhancing the user interface, and improving overall transaction speeds. During this phase, we will prioritize optimizing the Pools management screen's performance. This optimization is vital for improving user satisfaction and driving engagement across the board.
DACKIE Staking V2: Postponed ø
We have decided to postpone this update as we need to study new staking mechanisms further to provide the best use case for the DACKIE token. This decision ensures we deliver the most valuable and functional upgrade possible. Further information will be updated to users as soon as we can.
Our Vision
The achievements and strategic developments in Q3 set a firm foundation as DackieSwap enters Q4 with several impactful projects in progress. As the roadmap for the second semester unfolds, each milestone brings DackieSwap closer to realizing its vision of a highly interoperable, efficient, and user-centric decentralized exchange platform. Stay tuned as we continue to innovate.
We will soon update the roadmap for 2025 next month, having already laid out a development plan for the next two years to ensure DackieSwap remains at the forefront with the latest DeFi updates and innovations.
QUACK QUACK QUACK!🦆