Dear Swapr Community,
While the Q1 of 2024 finishes up, we think about the time passed and all the milestones we achieved. We are really proud to share with you a recap of these past months and thank you for being part of it.
Hopefully, this will show you how this period is marked by our commitment to innovation, user experience, community and growth.
We proudly introduced Swapr V3, the first concentrated liquidity automated market maker (AMM) on the Gnosis chain. This milestone represents a significant leap forward in our product offering, designed to enhance trading efficiency and liquidity utilization.
In our quest to optimize liquidity management, we have integrated GammaStrategies into Swapr V3. This collaboration enables sophisticated liquidity strategies, further enhancing the efficacy of our AMM.
Within the first two months of the launch, we have achieved an impressive $10M trading volume in the first quarter and facilitated more than 75K transactions. These figures exemplify the robust activity and growing trust in our platform. Having the pools tapped by solvers and other aggregators will boost the volume in the coming months.
The Swapr DApp has undergone several updates, focusing on efficiency and user experience. We have streamlined the interface by removing and relocating less frequently used features, such as campaign creation and V2 pools, to the footer. This refinement process is ongoing as we continuously seek to improve platform usability.
We have expanded Swapr’s presence to Scroll and zkSync Era, alongside integrating Open Ocean. These expansions not only diversify our offerings but also extend our reach within the broader blockchain ecosystem.
Recognizing the need for a more flexible and maintainable codebase, we have initiated a comprehensive refactoring of the Swapr dApp. This initiative will enable us to seamlessly add or remove integrations, networks, and features. We will provide a sneak peak on the new frontend to the community in the coming months.
As we move forward into 2024, our focus remains steady on driving innovation, enhancing platform performance, and nurturing our community. The achievements of Q1 serve as a foundation for the exciting developments we have in store. We are deeply grateful for the continued support of our community and partners, which fuels our mission to bring open source, innovative and simplified interfaces to DeFi dapps.
We invite you to stay tuned as we embark on this journey together, shaping the future of Swapr and the DeFi landscape at large.
As we said before, we focus on user interface and privacy, therefore we are looking at relaunching Swapr dApp to enhance these key features, providing simplicity and security. We will also be expanding to new networks, adding more routes for bridges, aggregators and AMMs making Swapr your THE place to swap.
Swapr V3 AMM, needs new liquidity managers so that’s where our focus will be on. Soon we’ll get the liquidity tapped by solvers and aggregators.
Besides, as part of platform simplicity, we'll be working on unifying the different parts into one dApp.
Stackly is ready to be the place to empower your portfolio, however it can be much better. We’ll be working on Stackly V2 and adding new networks so you can choose the ecosystem you’ll like for your recurring swaps.
And, as if this wasn’t enough… We are working on a new product, codenamed Presagio, with a new partner that will soon be launched.
Exciting times are coming for Swapr and its community, and we couldn’t be more happier and excited to live it with you.
Thank you for your constant support, we’ll keep you updated.
Swapr is a multi-chain AMM with a suite of unique features including eco-router swaps (offering the best prices), bridging and concentrated liquidity farming. Swapr was built within DXDao ecosystem and since its shutdown, the product team picked it up and began with a forward looking vision of building power tools for the DeFi ecosystem.
Swapr focuses on decentralization by using ENS as a domain, IPFS as a host and Fathom for our analytics. We care deeply about your privacy and not saving your data.