The backend development of Molecular’s infrastructure is approaching its final completion. On June 27th, an early template of the smart contracts was uploaded to the testnet.

The early test run primarily touched on the interactive logic of the strategy, a self-developed algorithm that serves as an automatic allocator of the vaulted tokens. The final result re-assures that deposit and withdrawal of single-assets proceeded smoothly and swiftly as expected.

Thanks to the smart contract open-sourcing of major decentralized exchanges on Arbitrum, our developers were able to hard-fork and create an entire set of the contracts to mimic their actual operation on testnet. This simulation provided many valuable feedbacks, specifically regarding the weighing of CLMM positions, automation of harvest calls and withdrawal flows. With several issues and bugs already identified, our developers now begin to work from the critical ones down to better code commenting in preparation for the next step.

However, running codebase on a testnet environment is not without limitations in scope. Before taking Molecular to Arbitrum One mainnet, we will invite smart contract auditors to join effort with our developers to identify and sweep out the remaining bugs for one last time.

Molecular operates on a sophisticated set of smart contracts, and we take utmost prudence on any loopholes embedded in the smart contracts that could jeopardize the asset safety of our users. That said, we are pushing the proceeding of the final testing phase to meet the launch schedule in 2025.

The backend development of Molecular’s infrastructure is approaching its final completion. On June 27th, an early template of the smart contracts was uploaded to the testnet.

The early test run primarily touched on the interactive logic of the strategy, a self-developed algorithm that serves as an automatic allocator of the vaulted tokens. The final result re-assures that deposit and withdrawal of single-assets proceeded smoothly and swiftly as expected.

Thanks to the smart contract open-sourcing of major decentralized exchanges on Arbitrum, our developers were able to hard-fork and create an entire set of the contracts to mimic their actual operation on testnet. This simulation provided many valuable feedbacks, specifically regarding the weighing of CLMM positions, automation of harvest calls and withdrawal flows. With several issues and bugs already identified, our developers now begin to work from the critical ones down to better code commenting in preparation for the next step.

However, running codebase on a testnet environment is not without limitations in scope. Before taking Molecular to Arbitrum One mainnet, we will invite smart contract auditors to join effort with our developers to identify and sweep out the remaining bugs for one last time.

Molecular operates on a sophisticated set of smart contracts, and we take utmost prudence on any loopholes embedded in the smart contracts that could jeopardize the asset safety of our users. That said, we are pushing the proceeding of the final testing phase to meet the launch schedule in 2025.