With February behind us lets reflect on what’s been another enormous month! Throughout February VyFinance has reached some major milestones in regards to our platform and recognition within the Cardano ecosystem.
We were ecstatic for our Purple NFTs to win the first annual CNFT award for Most Long-Term Utility, this achievement could have never happened without our amazing community and that of the wider Cardano sphere, so we would like to take this opportunity to once again thank everyone that made it possible and hope that we can continue to provide ground breaking functionality to Cardano. Another massive accomplishment this month was our entrance into the Cardano Defi Alliance! We are extremely proud to have been one of the first applicants accepted. The CDA is a consortium of projects focused on standardizing Plutus and Cardano by establishing the best practices within DeFi. Together the projects in the CDA will help strengthen development, transparency and security across all member protocols. We could not be more thrilled to assist in building a better Cardano ecosystem and look forward to further collaboration and cooperation.
On our platform we also released our ADAX/VYFI collaboration NFT. This new NFT has a functionality that runs for one year and allows holders for the duration to stake and earn both tokens in what is the first dual token NFT staking in the ecosystem. As well as NFT vaults we have signed a partnership with Revuto allowing us to release a new token vault. Our collaboration will consist of token pools and vaults being hosted on both platforms in which VyFinances users will be able to stake VYFI to earn Revu. Revuto will also provide liquidity on the VyFinance platform to allow users to swap for Revu tokens on our DEX when it is launched. We too have been discussing possible integration with Revutos subscription service on the VyFinance platform.
As always, the past month has been a challenging yet rewarding experience for us here at VyFinance. We continue make strides towards building the platform we believe will be a mainstay on Cardano and want to thank again everyone that is making it possible.
FRONTEND & BACKEND
Along the front end of things, there have been many additions. The team page has grown to reflect more of our team. Our main backend programmers are now visible on frontend. That being Anusheel and the Imagine.ai team.
The Roadmap is also dynamically updated to reflect any changes in pace. Our GitBook documentation is also dynamically updated for similar reasons.
On the development side of VyFinance, we’ve been hard at work delivering key progress to the backend of our platform. Our Bar is finally on the Testnet! We are currently running testing and benchmarking to optimise the code and ensure it runs to the standard we designed. Internal contracts are also being audited as we speak by the experts over at Well Typed, again making sure everything is safe, secure and of the quality our community deserves. We continue to work on wallet integration with our contracts and the PAB. We are finding bugs/issues and reporting all our findings to IOHK. There are still a few issues but we are working around the clock to address everything single one we come across through. We’re focusing on using as much of the established IOHK infrastructure/code, this will put us ahead of the game and will be less work on later iterations
