Fungi Protocol Bi-Weekly Update

I. Executive Summary:

Fungi Protocol’s is launching an SCA dapp with a UX focused on DeFi operations. Users will be able to easily create a smart contract account, onramp it with fiat, and start performing DeFi operations such as swapping, longs, shorts, and buying GM in the same interface.

a) Roadmap Progress

  • Milestone 1 - Jan 8th - Make script for creating a long through an SCA user operation and begin with the development of the component for the UI.
    GMX-roadmap
    GMX-workflow

b) Milestone/KPI Achievements

  • N/A

c) Dune Dashboards

  • N/A

II. Current Progress

  • We have successfully created the script for performing a Long user operation.
  • Currently developing the components for integrating the long UO to the dapp.

III. Community Engagement:

N/A

IV. Partnerships and Collaborations:

We are lucky to have made a number of great partners:

  • Mode Network: We recently won a prize at a hackathon organized by Mode, with whom we hope to continue working with: Fungi Protocol | Devpost
  • Arbitrum: We were accepted for a grant program.
  • Ripio: An argentinian exchange that is building its own Layer1 called LaChain, for which we were accelerated in for building on their network.

Fungi Protocol - Grant Bi-Weekly Update Number 2

Date: 01/23/2024

I. Executive Summary:

Fungi Protocol’s is launching an SCA app with a UX focused on DeFi operations. Users will be able to easily create a smart contract account, onramp it with fiat, and start performing DeFi operations such as swapping, longs, shorts, and buying GM in the same interface.

a) Roadmap Progress

We have made some changes to our former roadmap that will allow us to integrate GMX and its methods faster into our app. The milestones shown below consist in the integration of the GMX component into out UI, test its interaction with the smart contract accounts, and later polish the UX.

  • Milestone 1 → Jan 8th-26th - Integration of the GMX Long/Short component, and the Buy/Sell GM component. CHECKED
  • Milestone 2 → Jan 27th-Feb 7th - Development of user operation scripts for interaction with the smart contract accounts. Testing interaction through the UI. TODO
  • Milestone 3 → Feb 8th-onwards - Polishing of the UX and interaction with other features of the app. TODO

b) Milestone/KPI Achievements

As expressed above, this week we are completing milestone 1, and we’ll later proceed on testing and further integrating it into our UI/UX.

c) Dune Dashboards

N/A

II. Current Progress:

Our dashboard will include by the end of the week all the basic components for making shorts and longs, and buying and selling GM.

III. Community Engagement:

IV. Partnerships and Collaborations:

As expressed in last bi-weekly update, we are lucky to have a number of great partners:

  • Mode Network: We recently won a prize at a hackathon organized by Mode, with whom we hope to continue working with: Fungi Protocol | Devpost
  • Arbitrum: We were accepted for a grant program.
  • Ripio: An Argentinian exchange that is building its own Layer1 called LaChain, for which we were accelerated in building on their network.