Demodyfi Update

3 min readNov 2, 2021

A strong and active community is getting more and more important for the success of projects. Through newsletters and our other mediums, we want to improve transparency about the development and be more connected with our community, and in this monthly update, we will be sharing all the important project- and development updates, so you know what’s going on behind the scenes, (you can subscribe here).

A lot has happened in the last month, and we are just getting started. That is why we want to thank the diehards with strong hands for staying loyal and believing in the long term of the project!

That’s it for the introduction of this first newsletter. Let’s get to the juicy development update, For starters…

Update & Development
We have made great developments regarding the build of the platform. That is why we want to share an update on the most important topics. Our team has moved mountains to prepare everything required for the production launch of the platform — please find details below:

  • Improving the UI and UX for main dapp.
  • The development of demodyfi.js (Demodyfi’s protocol SDK) for cross chain transactions
  • As for updates of the bridge, we still are in the early stage of the Demodyfi Exchange. However, we have finalized the developments and launch of the Demodyfi Bridge and website with all the feedback that has been provided by our stakeholders.
  • Continue working on design and architecture of the Demodyfi protocol contracts in ink programming language for substrate(rust contracts) based chains.
  • We are continuing our development on XCMP and parachains for their integration with Demodyfi.
  • We have partnered with some big names in the #crypto space, both for the #exchangeDemodyfi platform and for advertising opportunities that will be rolled out over the next few weeks so, expect some cool articles on the major mediums.
  • We have onboarded several new members to the team and Ambassador program, which will be shared in the coming weeks!
  • Website update 2.0 !!
  • Demodyfi is part of the Polkadot DeFi Alliance

📈 Still, we are always open to exploring new avenues. Please contact the $DMOD team for inquiries, and we will be in touch soon. A great finish to the last days of October, and we’re now headed into November and the last two months of the year. Exciting months if you ask us.

A Final Word

Defi is challenging our “next’ ambition and vision in the way we think about current finance products. Demodyfi stands for “thinking differently and diverging the way we currently think and act in finance. We want to share our ambition and create value by changing and innovating financial products and creating social impact in a decentralized way using blockchain. We believe that economies should be decentralized, yet rational. As a company, we hope to do this together with the community.

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Demodyfi is a fully integrated AMM ecosystem of decentralized financial services built on Moonbeam & Polkadot while controlled by its users collectively.