[OpenOcean] Grant Bi-Weekly Update
Date: [08/08/2024]
I. Executive Summary:
We are in the process of transitioning LPs (including GMX V2), conducting thorough testing, addressing any issues in our upgraded version to ensure seamless operation. The development of GMX specific API to utilize both V1 & V2 pools is ongoing and aiming to be done in mid August. Although we are experiencing some delays in the launch, we need to ensure a smooth experience for our users. With the audit completed, reaching our first milestone will coincide with the launch of GMX V2. Additionally, our Dune dashboard is in development and is expected to be ready when GMX V2 goes live.
II. Current Progress:
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We have been working on transitioning GMX V2 to our upgraded version on Arbitrum. Due to various upgrades and optimizations in the new version, there are some adjustments made to the routing for GMX V2. We plan to run testing within one week.
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Currently we are developing an API that leverages both GMX V1 and V2 liquidities to ensure users get the best trading rates by comparing prices between V1 and V2 pools and swap at the most favorable option.
III. Community Engagement:
We will actively promote GMX in our social and community and are planning to launch a GMX trading campaign in mid August.
IV. Partnerships and Collaborations:
We have started to pitch the API for those building on the GMX to access GMX V1 and V2 liquidity pools.