RisedleCAKERISE & CAKEDROP are live on Risedle
Today, we launched CAKERISE and CAKEDROP, the first leveraged tokens built on top of Fuse that is maintained by Midas Capital on BNB Smart Chain. CAKERISE and CAKEDROP are derivatives products with no margin or liquidation risks. It provides you with leveraged long and short exposure to the CAKE token, which may amplify profitability and potential losses:If CAKE price goes up 5% 🟢, then:CAKERISE price will up 10% 🟢CAKEDROP price will down 10% 🔴If CAKE price goes down 5% 🔴, then:CAKERISE p...
RisedleSupercharged Web3 Trading Experience
You may notice that the current DeFi ecosystem is developed in silo, where every protocol compete to get the highest liquidity or usage by using token incentives. This competition created a misaligned incentives model that leaves a lot of token to go into death spiral, bleed to dry and race to zero fees.It’s all never-ending death spiralComposability has been discussed endlessly but yet we only see small number of projects that focused on this area. Everyone is trying to become the new primit...
RisedleFebruary Development Update
Hi again from the core team at Risedle! We’ve got a lot of updates to share, so let’s get started.Better Product DocumentationWe have revamped Risedle’s documentation site. Previously we used a notion page for the documentation. There is no clear site navigation and full text search functionality built in. Then we move the documentation to gitbook. It has the best navigation and full text search functionality.Clear guideIn the new docs we focus on explaining Risedle’s products instead of the ...
The DeFi Interface of Arbitrum
RisedleCAKERISE & CAKEDROP are live on Risedle
Today, we launched CAKERISE and CAKEDROP, the first leveraged tokens built on top of Fuse that is maintained by Midas Capital on BNB Smart Chain. CAKERISE and CAKEDROP are derivatives products with no margin or liquidation risks. It provides you with leveraged long and short exposure to the CAKE token, which may amplify profitability and potential losses:If CAKE price goes up 5% 🟢, then:CAKERISE price will up 10% 🟢CAKEDROP price will down 10% 🔴If CAKE price goes down 5% 🔴, then:CAKERISE p...
RisedleSupercharged Web3 Trading Experience
You may notice that the current DeFi ecosystem is developed in silo, where every protocol compete to get the highest liquidity or usage by using token incentives. This competition created a misaligned incentives model that leaves a lot of token to go into death spiral, bleed to dry and race to zero fees.It’s all never-ending death spiralComposability has been discussed endlessly but yet we only see small number of projects that focused on this area. Everyone is trying to become the new primit...
RisedleFebruary Development Update
Hi again from the core team at Risedle! We’ve got a lot of updates to share, so let’s get started.Better Product DocumentationWe have revamped Risedle’s documentation site. Previously we used a notion page for the documentation. There is no clear site navigation and full text search functionality built in. Then we move the documentation to gitbook. It has the best navigation and full text search functionality.Clear guideIn the new docs we focus on explaining Risedle’s products instead of the ...
The DeFi Interface of Arbitrum
Subscribe to Risedle
Subscribe to Risedle
Share Dialog
Share Dialog
<100 subscribers
<100 subscribers
This month the Risedle Labs development team has been focused dominantly on improving Risedle Leveraged Protocol, improving the Risedle Interface, building Risedle Snapshot services and testing the stability and security of upcoming features.
Previously, native asset such as ETH, MATIC or FTM are not supported by the protocol. This month we shipped a new implementation and now all native assets are supported by the protocol. Users wont need to wrap their native asset manually in order to mint the leveraged tokens (e.g. ETHRISE & MATICRISE).
Our internal audit found high security issue regarding the redeeming process of the rvToken. This bug is caused by burning process before exchange rate calculation. The bug is now fixed.
We have tagged the protocol codebase per cab10f in order to be audited by the external auditors.
We have partnered with Chainsulting to audit the codebase and today the audit is finished. No high security and critical issues found. We will publish the report soon.
We have shipped new homepage for Risedle.
We have disabled demo.risedle.com in favor of new interface.
We have redesigned the Risedle Leveraged Token market interface.
Historical data such as price history and supply APY history is now available on the Interface.
Please note that currently the Risedle Interface is only available on Kovan and in read-only mode.
This month we shipped new service called Risedle Snapshot.
Risedle Snapshot ingests and aggregates historical data every leveraged tokens and vaults that available on the Risedle Leveraged Token protocol.
The aggregated data is consumed by the Risedle Interface.
We have shipped a brand new off-chain rebalancing bot this month.
The source code is available here: risedle/rebalancor
Anyone can use the source code to run their own rebalancing bot.
Arbitrum Mainnet Deployment: We will deploy Risedle Leveraged Token Protocol to Arbitrum mainnet. Launch date is TBD.
More Leveraged Tokens: We plan to support all native tokens on arbitrum such as gOHM, DPX, MAGIC and more.
More External Security Audits: We have booked ABDK to audit Risedle Leveraged Token Protocol in march.
Multichain Deployment: After second audit is finished we plan to deploy Risedle Leveraged Token protocol to another chain.
After a couple of months of ruthless feature development, this month has been a time to step back, consolidate, and ensure that these features are ready for prime time. Over the next month, we should see new leveraged tokens that are not available anywhere yet, and new features rollout.
Until next time, pyk.eth
The Risedle Leveraged Token protocol is a peer-to-peer system designed for leveraging any cryptocurrency assets (ERC-20 Tokens) on the Ethereum Virtual Machine (EVM) compatible or equivalence blockchain.
We are core contributors of the Risedle Leveraged Token protocol.
Website | Documentation | Twitter | Discord
This month the Risedle Labs development team has been focused dominantly on improving Risedle Leveraged Protocol, improving the Risedle Interface, building Risedle Snapshot services and testing the stability and security of upcoming features.
Previously, native asset such as ETH, MATIC or FTM are not supported by the protocol. This month we shipped a new implementation and now all native assets are supported by the protocol. Users wont need to wrap their native asset manually in order to mint the leveraged tokens (e.g. ETHRISE & MATICRISE).
Our internal audit found high security issue regarding the redeeming process of the rvToken. This bug is caused by burning process before exchange rate calculation. The bug is now fixed.
We have tagged the protocol codebase per cab10f in order to be audited by the external auditors.
We have partnered with Chainsulting to audit the codebase and today the audit is finished. No high security and critical issues found. We will publish the report soon.
We have shipped new homepage for Risedle.
We have disabled demo.risedle.com in favor of new interface.
We have redesigned the Risedle Leveraged Token market interface.
Historical data such as price history and supply APY history is now available on the Interface.
Please note that currently the Risedle Interface is only available on Kovan and in read-only mode.
This month we shipped new service called Risedle Snapshot.
Risedle Snapshot ingests and aggregates historical data every leveraged tokens and vaults that available on the Risedle Leveraged Token protocol.
The aggregated data is consumed by the Risedle Interface.
We have shipped a brand new off-chain rebalancing bot this month.
The source code is available here: risedle/rebalancor
Anyone can use the source code to run their own rebalancing bot.
Arbitrum Mainnet Deployment: We will deploy Risedle Leveraged Token Protocol to Arbitrum mainnet. Launch date is TBD.
More Leveraged Tokens: We plan to support all native tokens on arbitrum such as gOHM, DPX, MAGIC and more.
More External Security Audits: We have booked ABDK to audit Risedle Leveraged Token Protocol in march.
Multichain Deployment: After second audit is finished we plan to deploy Risedle Leveraged Token protocol to another chain.
After a couple of months of ruthless feature development, this month has been a time to step back, consolidate, and ensure that these features are ready for prime time. Over the next month, we should see new leveraged tokens that are not available anywhere yet, and new features rollout.
Until next time, pyk.eth
The Risedle Leveraged Token protocol is a peer-to-peer system designed for leveraging any cryptocurrency assets (ERC-20 Tokens) on the Ethereum Virtual Machine (EVM) compatible or equivalence blockchain.
We are core contributors of the Risedle Leveraged Token protocol.
Website | Documentation | Twitter | Discord
No activity yet