Swapit — Larger vision over the next year

Team Swapit
2 min readNov 26, 2021

We are launching a new telegram community for Swapit — https://t.me/+IZKmzgmLIqJmYmM9

We will be having an AMA on this on Wednesday 5pm GMT.

We had discussions and looked at the market movement from Defi, NFT, Metaverse, Staking, Protocols offering staking + APY, Cross blockchain bridges, Privacy focused protocols, Cross blockchain trade via DEXs. We looked at all the products that we had built —

  1. Basket protocol for Wanchain, AION, Ethereum, BSC.
  2. DEX on Wanchain, AION, Ethereum.
  3. Desktop app to manage wallets across 5 Blockchains.
  4. Staking platform for Tezos.

https://github.com/WandXDapp/desktop_app/wiki

These are numerous products that

We are immediately focusing on revamping the existing UI to showcase the basket protocol on various Blockchains. On the longer term, we see a good market for enabling ease of use for staking tokens across Blockchains, and staking of Blockchain tokens themselves for earning APY.

In the last two weeks we have deployed the following on the mainnet:

Basket protocol deployment on BSC: Txn address : 0xde32117ffc0fa6954301cddfaeecfc030efb02dfff6547430a193ef6bb049528
Contract address : 0x7b0b8fdeaa02dfee2e3937883c39a8096a1bc8a6

Trade-fee-calculator Contract details on BSC: Txn address : 0x140a2b67ac5b2104a6332a95f84d5391f70787dc12872395b8c33a724364f79e
Contract address : 0xc83e0659ee4326b2dc7981c5ef3e95d7d4d07fde

Basket creation videocast: https://watch.screencastify.com/v/Flul5mqySjiDQqam7FpH

Future vision over the next 1 year: We would like to create a very simple user interface, connected to Metamask and other chrome extension wallets, that enables participation in any staking pool for any token. This would only focus on token staking; sometime ago we had built the staking aggregator on the desktop app for the Tezos Blockchain. We plan on expanding this across other staking protocols.

The web interface would have some improvements over what is currently there. We would have multiple Blockchains, along with a dex, basket protocol in each, exactly like what we have now. However, the focus would be to use APIs across all blockchain protocols to ease the staking process in each Blockchain as well as each Token. The staking would be non-custodial, with users staking using their private/public keys on any Blockchain.

We would enable connecting with different wallets across Blockchains, as long as they have a simple web3js like interface and hook to connect to web applications. We will be updating on the blog on our progress and updating the app.swapit.finance as well.

We will showcase the new website with this vision once it’s completed at swapit.finance. We have been receiving spam and hateful content across social channels. We would like to reiterate that we will absolutely not tolerate any kind of spam or hateful content or abusive on any social channel. In our view, there is absolutely no place for such content on any social channel.

From our end, we will be more interactive with the community on the new channel, and post updates as and when we complete a milestone. We will also take opinions from the community members on potential features, additions, changes that are needed and work on them. Looking forward to the new roadmap and the path ahead. Thank you.

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