ErgoPad Project Update #9
Let’s dive right into this week’s project update, starting out with important dates for the coming week.
Key Upcoming Dates
Ergo Lend is in focus this week and for much of May, so watch out for the following upcoming dates including the current staker round contribution window. For those of you that are just learning about Ergo Lend, it’s a decentralized lending DAO being built on Ergo with the mission of bringing fair and open lending access to all citizens globally. Also be sure to have a look at our recent interview with Ergo Lend’s CEO, Chris Ray.
- 3rd to 8th May — The Ergo Lend staker contribution round is open for whitelisted wallets following the 2nd of May snapshot. Contribution just opened on the 3rd of May at 17:00 UTC
- 10 May — Whitelisting for the Ergo Lend seed round kicks off with the snapshot occurring on this date at 14:00 UTC. Those that stake 25k Ergo Pad tokens (“alpha” tier) can access the form one hour earlier (13:00 UTC)
What Happened Last Week on ErgoPad?
Like most weeks around the ErgoPad community, the last one was quite busy!
- ErgoGames.io IDO — One of the biggest events from last week is of course our most recent project launch featuring ErgoGames.io. 29 million in liquidity of EGIO tokens was provided on ErgoDEX under the trading pair EGIO/ERG on the 1st of May.
- Learn Cardano Interview—Our CEO, Marty, was recently featured on one of the latest episodes of Learn Cardano, a popular show that breaks down the latest news covering all things Cardano. The interview covers the latest project launches and developments at ErgoPad and provides both Ergo and ErgoPad with great exposure to the Cardano community.
- Ergo Lend Staker Snapshot—as noted above, the staker snapshot took place earlier this week for eligible stakers, totaling nearly 300 whitelisted wallets. To see all of the important Ergo Lend launch dates for this month, including the 25th of May IDO on ErgoDEX, check out the project page roadmap on our website.
Developer Update
The devs have been busy fixing bugs, writing ergoscript for new projects, and updating our current code. We aren’t sure if they sleep ever. This week, we launched ErgoLend’s first funding round with off-chain fulfilment bots. Our last round, users were having to submit multiple times because transactions would hit the mempool then just disappear. Now, we have bots that resubmit until the tx goes through, or refund if erg price slips too far from oracle price.
This has had some small issues but we are monitoring everything, and the overall UX has been drastically improved.
What else is going on?:
- Staking contracts are being updated to be more efficient. Since Paideia and other projects won’t have unstaking fees, you’ll be able to combine all stake keys into one!
- Vesting contracts are getting updates so we can customize them more.
- The off-chain bots mentioned above are being packaged for the end-user, so that anyone can run them. They will pay out incentive fees to anyone who runs the bots, similar to the ones running for Ergodex. The plan is to have a generalized bot platform that anyone can use for their ergoscript projects.
Project Inquiries
If you are looking to build your own project on the Ergo blockchain, but your resources are limited, please contact us through our IDO Form.
-The ErgoPad Team
