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Beniamin Mincu pointed to how Elrond Network will be connecting to NetVRk1 for powerful NFTs and Defi use cases, thus entering the Metaverse.
Further discussing the progress of Maiar DEX and building. It has been projected to have the power of Hydra, but with the complexity of 100 heads. The Traction for Elrond Metrics continues to improve.
A lot has happened so far, like batch transactions, wrapping abstraction, and several UX improvements. Particularly the critical checkpoints with the entire flow of batch transactions have been about “adding the liquidity function.”
Batch transactions are an essential feature to provide for strategic grouping of several transactions and sign and execute them. This feature simplifies DEX interaction flows to a significant extent, making seamless abstraction for wrapping and de-wrapping of EGLD TX. A lot of work has gone to make this possible. The front end has been re-engineered to enable the batching function, thus extending compatibility for the web wallet and get Maiar.
Several microservices have been updated and reconfigured to provide for compatibility with the new batch processing feature. In addition, a new optimized API has been deployed, which works on both the testnet and the devnet.
A new “consolidate” function is getting worked on, and further will go through an audit. The community has been consistently providing their feedback and communication/education side. There has been lots of awareness and proactive communication with updates.
The first batch transaction flow is 99% done from a functionality standpoint; however, some minor bugs, errors, and UX issues have to be fixed. The sooner it is done, the new feature will be replicated on all the required flows of the Maiar DEX.
The significant focus henceforth will be on finalizing the newly updated flows and fixing the remaining issues. A larger community testing wave will help with finalizing the updated flows.
The community has been alerted to help with a few things. The Maiar DEX communication and education And further efforts from the community have been excellent.
The Maiar DEX is all set to bring in a new wave of liquidity, tokens, community members, and builders to the Elrond ecosystem. As a result, everything they measure within the ecosystem will expand significantly. This is why it requires so much effort, and they are pushing hard to get it done.
