Some of the things we're relentlessly working on over the next month or so, with the ultimate goal to increase the demand of native assets in the Interwoven Ecosystem.
This means either making applications easier to use/access or developing interesting use cases for appchains.
A short but non-comprehensive list...
- Improving the user activation experience so that more paths starting from external ecosystems are supported (more assets and chains)
- Near-instant bridging between appchains built w/ the Interwoven Stack and the Initia L1
- New moonshots that we'll either build ourselves or work w/ strong teams to incubate across the Interwoven Ecosystem. The main goals for these new apps will be to increase native asset demand, deepen onchain liquidity, and fully capture Initia-level revenue
- Broadening the scope of VIP and version 2.0 will play an important part in activating application revenues, esp. for the moonshots mentioned above
- Refresh to the Initia app to present information-rich interfaces for EL, VIP, and even general analytics!
- Tweaks to scan to improve readability and allow users to more easily track asset movements
Initia 🪢
Farewell to dYdX v3 🪦
With the sunsetting of @dYdX v3, marking the end of their journey on Ethereum, we’d like to take a moment to say goodbye and wish them the best of luck in their next chapter.
Our collaboration was a major milestone for the entire DeFi space, setting new standards in the L2 landscape.
In 2020, dYdX turned to StarkEx to escape Ethereum’s high gas fees, knowing we were the only company capable of delivering the perfect solution without compromising on engineering. We provided them with one of the first app-specific Rollups and a stage 1 Rollup, empowering dYdX to offer a scalable and secure environment for their users.
One of the standout innovations was our escape hatch mechanism, which not only made self-custody possible through our engineering efforts but also effortless for users: with just a few clicks, they could exit StarkEx (dYdX chain) without the complexity of running a prover, thanks to a simple UI developed in partnership with @l2beat. And despite fluctuating L1 gas fees, the process remained affordable—$25 on average to withdraw any amount.
The high-performance, secure, and cost-efficient infrastructure provided by StarkEx enabled dYdX to achieve impressive milestones, including a TVL surpassing $1 billion and consistently high trading volumes. It quickly became and remains one of the leading Perps DEX in the crypto space today.
Looking ahead, while the end of dYdX on Ethereum closes one historic chapter, other DeFi opportunities are waiting for you in our ecosystem: you can notably take a look at the newly ultra efficient Perps DEXs such as @X10_exchange, @edgeX_exchange, @paradex, @OfficialApeXdex, @SphereX_XYZ, and @tetadexHQ.
And if you’re searching for the same kind of high-performance infrastructure for your own business, our doors are always open—whether through StarkEx, Starknet appchains, or the public Starknet, we have everything you need to provide your users with the best experience possible.