Chainspot Biweekly Report: August 2nd – 16th

Greetings from Chainspot – a cross-chain liquidity aggregator across EVM and non-EVM chains with analytical portal.

Chainspot Router provides access to swaps and bridges across more than 31 chains, offering the best rates thanks to dozens of partner bridges, DEXes, and routers. Chainspot Router enables asset exchange/transfer within a network or between different networks.

 


 

We are thrilled to share the latest updates and developments from our service over the past two weeks.

 

Marketing Updates

1. Ongoing Campaign: Cyber Blast Adventure

The ongoing campaign Cyber Blast Adventure continues to attract attention and engagement across the Web3 community. We are thrilled to announce the launch of the —an extraordinary campaign filled with exciting events and amazing prizes up to $8000. 

In collaboration with Nomis, MonoSwap, DeGuard, BlastUP, and Chainspot, this campaign offers participants a thrilling journey through the realms of blockchain technology.

Check it out here.

 

2. Bahamut Integration and Campaign Launch

Chainspot is excited to announce a significant expansion of our capabilities with the integration of the Bahamut Network into our Router

This integration allows Chainspot users to benefit from Bahamut’s unique Proof of Stake and Activity (PoSA) consensus algorithm, which combines traditional PoS with an activity-based system, offering a more robust and secure framework for blockchain applications.

Bahamut Network, now integrated into the Chainspot Router, offers users the power of its execution and consensus layers, Caravan and Bedouin, to maximize the potential of their blockchain projects. 

In celebration of this integration, we have launched a Galxe campaign with Bahamut Network. This campaign gives participants the chance to win a share of a $1,000 prize pool, along with XP that can be used in our multi-level loyalty program.

Participate now here.

 

3. CrossCurve Integration

We are pleased to announce the integration of CrossCurve—a EYWA DEX built on top of Curve—into the Chainspot Router. CrossCurve addresses the issue of liquidity fragmentation by aggregating Curve pools with over $2 billion in TVL. This integration ensures low slippage rates during cross-chain swaps, even for large transactions, making it a valuable addition to our platform.

CrossCurve’s unique approach to cross-chain trading and yield aggregation aligns perfectly with Chainspot’s mission to provide users with efficient, low-slippage trading options. By integrating CrossCurve, we are enhancing our users’ ability to chase high-yield opportunities with minimal slippage, ensuring a superior trading experience on the Chainspot Router.

As we continue to innovate and integrate with leading platforms, our goal remains to provide our users with the best cross-chain solutions in the Web3 space.

 

Development Updates

1. Integration of Mode Network

We are thrilled to announce the integration of the Mode Network into the Chainspot Router. Mode is a modular DeFi Layer 2 network, designed to build the Superchain alongside Optimism. Mode has implemented Optimism’s Bedrock upgrade, which has significantly reduced fees by over 95% compared to Ethereum. This makes Mode not only fast and efficient but also incredibly cost-effective, making it ideal for end-user dApps.

Mode is powered by the OP Stack and collaborates closely with Optimism, aiming to contribute to the growth of Optimism’s Superchain ecosystem as a major DeFi hub. The primary goal of Mode is to empower developers and users to grow an ecosystem of world-class applications and be directly rewarded for their contributions.

 

2. Integration of Taiko Network

In addition to Mode, we’ve also integrated the Taiko Network into the Chainspot Router. Taiko is a rollup solution that aims to reduce transaction fees on Ethereum while maintaining its core properties. It is a highly configurable, fully open-source, permissionless rollup that can be set up as a fully ZK rollup, optimistic rollup, or a hybrid model.

Taiko’s design allows for various scaling solutions, including reducing transaction fees and implementing native Layer 1 scaling. With no centralized actors, all operations on Taiko are permissionlessly run by the community, aligning perfectly with the decentralized ethos of blockchain technology. This integration provides Chainspot users with more options for efficient, cost-effective transactions while maintaining the security and decentralization of Ethereum.

 

3. Bug Fixes

Our development team has been hard at work addressing various bugs reported by our users. We recently deployed a comprehensive package of bug fixes aimed at improving the overall stability and performance of the Chainspot Router and our loyalty program. These fixes are part of our ongoing commitment to delivering a seamless and reliable user experience.

As part of this update, we’ve also made enhancements to our platform’s security, ensuring that our users’ assets and transactions are protected at all times. Our priority is to maintain a platform that is not only feature-rich but also secure and dependable for all our users.

 

4. Loyalty Program Logic and Yield Opportunities Enhancements

In addition to bug fixes, our team is focused on refining the logic behind our loyalty program and yield opportunities. The Chainspot Family loyalty program, which rewards users with NFTs for their activities on our platform, is undergoing significant updates. We’ve added a new onboarding process to guide users through the program, making it easier for them to participate and reap the benefits.

Moreover, we’re enhancing the logic of our yield opportunities, ensuring that users can maximize their returns through strategic participation in our platform’s various offerings. These updates are designed to make the loyalty program more intuitive and rewarding, with clear pathways for users to advance and earn more through their interactions with Chainspot.

 


 

Stay tuned for more exciting updates as we continue to innovate and enhance the Chainspot experience. Thank you for your continued support and trust in our platform.

 

For more information and real-time updates, visit our website or follow us on social media:

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