Rubic Weekly Report 01/27/2023
Hello, Rubicans. This week, we’ve been working on new features and upcoming listings, partnerships, promotions, and integrations.
Let’s explore our recent achievements and near-future plans in detail.
- Limit Orders
Next week, we’re launching On-Chain Limit Orders on several major networks: Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Optimism, Gnosis, and Aurora via 1inch and their reliable and trustworthy contract.
The Limit Order Feature will enable our users to:
- Gain flexibility and efficiency by setting the desired price of assets they want to buy or sell
- Catch up on all the dips, slumps, growths, and peaks of the market
- Get more control over the tokens’ prices
- Prevent losses in the times of rapid price changes
Meanwhile, we are preparing an article for you devoted to the upcoming Limit Orders feature on the Rubic App.
2. Stargate Integration
Rubic’s team is working on the integration of the Stargate bridge on all 7 chains supported by Stargate: Ethereum, BNB Chain, Avalanche, Polygon, Atbitrum, Optimism, and Fantom.
Rubic users will be able to swap native assets across chains via Stargate in a single transaction.
The most outstanding feature of Stargate is that it uses LayerZero’s ability to transmit information. This helps to connect each blockchain’s funding liquidity, so as to improve the capital efficiency of the system as a whole.
The Rubic team is excited about this integration and the further development of Rubic and Stargate’s partnership.
We’ll keep you updated on the details!
3. New Position: Rubic’s Chief Information Security Officer
As part of the new security measures on our platform, which include creating and auditing new Rubic contracts, we have established the new position of CISO and are happy to introduce Alexey!
Alexey has a Master’s Degree in Engineering, and in Innovation, from HEC Paris. Before joining Rubic, Alexey gained 15 years of great experience in IT and security engineering within big corporations like Yandex, QIWI, and Rakuten. He’s been in crypto for the last 7 years, performing private audits for DeFi companies, as well as working for the Symbiosis project.
Alexey is now involved in the process of an upcoming new contract release, and is consulting the team on contract security, processes, and protocol architecture.
4. Revoke Allowance Page
Revoking smart contract allowance or token approval is important for users’ security, as it makes them less susceptible to wallet exploits. Therefore, as an additional security measure, Rubic has been working on creating our own revoke allowance page. Soon we’ll present you a ready solution to keep track of your existing approvals, and easily revoke them.
Take a sneak peek at the UI:
- Rubic 2022 NFTs RBC Claim
You’ve been working hard to gain NFTs in the recent Rubic Campaigns. Now, it’s time to get your rewards! Let’s go through the list of NFT campaigns:
- NFT Giveaway to Celebrate Rubic’s Birthday (5 NFTs)
- Exclusive NFT Giveaway with Telos, OmniDex, and Rubic (2 NFTs)
- Exclusive NFT Giveaway with Kishu Inu and Rubic (1 NFT)
- Rubic x W3DNA Unique NFTs Giveaway (1 NFT)
Those lucky Rubicans who managed to claim (not buy!) all 5 Birthday NFTs on Galxe will be the first to get their 5,000 RBC bonus rewards. We have opened the reward claim yesterday! Get your wallets ready and claim your RBC here: https://cubeclaim.rubic.exchange/.
If you weren’t so persistent in receiving every NFT, no worries, you are still eligible for the claim, but your reward will be lessened. We’ll share all the details on the second claim later.
2. Metis Governance Twitter Space
This Thursday, Collin attended the Metis Governance Twitter Space.
When it comes to the Metis Ecosystem, the Metis community is there to vote. Metis empowers its community to use votes and influence the ecosystem. Yesterday, they started deciding on whether to include Rubic Exchange into the Metis Ecosystem. The vote is still on, and we believe the Metis community will eventually welcome us!
3. Rubic Cross-Chain Tools Scale-Up
Currently, we’re working on a new article devoted to Rubic Cross-Chain tools as a gateway for DEXs to gain blockchain interoperability. In this article, we’ll review the following topics:
- The recent changes in the DeFi market, and how the crisis of trust in centralization became the stimulus to DeFi.
- What are the next steps for DeFi projects?
- How can Cross-Chain DEXs help Web3 DeFi Development?
All in all, DeFi is flourishing, DEXs are going Cross-Chain, and Rubic is their helping hand!
Also, we’re working on similar materials for GameFi!
3. New Podcast with Collin
Listen to Collin O’Brien’s latest podcast with “Lifeblood” on Spotify, where he talks all about the use cases and intricacies of the blockchain while delving into how it can make Web3 transactions seamless, and more.
Check it out at the link below!
4. Weekly Voice Chat
As always, join our weekly voice chat Today at 4 pm UTC: https://twitter.com/i/spaces/1dRKZMRjONdxB
5. Future plans
- New Exchange Listings
We’re working hard on listing the new RBC on major central exchanges throughout the coming year, as the new tokenomics have allowed us to allocate the funds for listings.
As part of this process, we’re applying to participate in Huobi PrimeVote #3, where we will need lots of community support. Please stay tuned!
- Bug Bounty Campaign
With the approaching launch of the fully-functional Rubic Protocol, we’ll start a brand new Bug Bounty program to research our new contracts.
The total bounty is $100,000 in RBC.
Rewards will be distributed according to the impact of the bug vulnerability, from critical (the ones that lead to hacks and huge losses) to the high severity bugs (that hinder the functionality of the entire Platform).
The bug bounty partner company will be announced soon.
- New Platform Usage RBC Drop Campaign
Thanks to the launch of our new tokenomics at the end of 2022, we’re now capable of running more generous marketing campaigns!
We’re happy to announce our brand-new Drop for Platform usage in 2023, which will be focused on boosting transactions at rubic.exchange!
Right now, we’re working on the exact rules and conditions which will be later shared. The program will be live for 12 months, and rewards will depend on your transactions at rubic.exchange, as well as the number of NFTs you gather in various Rubic marketing activities.
Get your crypto ready, we’re going to have some good old fun soon, Rubicans!
- Rubic Ambassador Program
We’ve always been close with our community, and we’d like to strengthen this relationship with an Ambassador Program for our most loyal community members!
The objective is to promote the Rubic Platform and our Cross-Chain Tools (SDK and Widget). Ambassadors will be remunerated in $RBC, the amount of which will be linked to your overall tenure as an Ambassador, along with the significance and consistency of your contributions.
List of Possible Activities:
- Promotion — Spreading the word about Rubic through your own social networks or via other local influencers
- Content creation and design
- Business Development (new Widget/SDK Integrators), etc.
If it seems interesting to you, and you’d like to take part in spreading the word about Rubic while receiving benefits for your help, you are the very ambassador we are seeking!
The ambassador program is now in the process of creation. We’ll reveal more details later. The Rubic team is excited to cooperate with our community and give you this opportunity to work shoulder-to-shoulder with us!