Jul 16, 2021

6 min read

Rubic Weekly Report 07/16/21

It’s time for another Weekly Update Report!

Development

1.SushiSwap For Polygon & BSC

Rubic has completed the full integration of the SushiSwap DEX to our platform. This will provide users with even more convenient solutions as well as the best rates on the market.

Last week, we integrated SushiSwap for Ethereum, and this week we continue that integration with the SushiSwap option for the Polygon and Binance Smart Chain networks. This will provide even more trading options on Rubic.exchange, without any need to leave the platform. It will also help to improve the Rubic routing system and improve rates for our users even more!

2. UniSwap v.3

The development team continues to work on Uniswap v3. Currently, we have completed roughly 50% of the integration.

Uniswap v3 is the most powerful version of the protocol yet, with Concentrated Liquidity offering unprecedented capital efficiency for liquidity providers, better execution for traders, and superior infrastructure at the heart of decentralized finance. This version already has more than $859 Million in daily volume and more than $1.90 Billion of total locked volume.

Release Date: July 29th

3. BSC <-> Polygon Bridge

Today, we were planning on introducing our community to the BSC <-> Polygon bridge, but yesterday there was a big update on EVODefi and we would like to make sure that the updated smart contracts and API will be safe and secure for our users. That is why we have delayed the release of this feature until next week.

Official Launch: July 20th

4. Anonymizer For Polygon

The first version of our Anonymizer will be for the Polygon network. It will have ‘deposit’ and ‘withdraw’ functions (but no exchange integrations), with more options to come later. Development status: ~70% completed, Test Net (Mumbai) version released, quality assurance and bug testing has started.

5. 0X Protocol

The Rubic development team has completed their research of this protocol and they have started working on the integration of the 0X protocol solution for Rubic.exchange.

The 0X protocol is a project that has developed a decentralized exchange (DEX) protocol, which provides the infrastructure to support the global exchange of tokenized assets and underpins a wide ecosystem of peer-to-peer (P2P) transactions.

This integration will enable our users to trade through the liquidity of more than 35 DEXs, and get even better rates on Rubic.exchange.

Release Date: August 4th

6. Add & Change Networks

Today, we introduced an auto-change function, which will choose the desired blockchain based on your MetaMask’s chosen network. It will help our users to avoid extra steps during the swap process.

This feature will massively simplify the process of adding networks for new users, and will help people connect new networks to their wallets easily! We intend to make this feature available to more wallets as we continually evolve the Rubic platform.

7. OnRamper

We’re happy to announce that next week, we will release the OnRamper fiat on-ramp solution to our platform!

OnRamper is a ‘fiat gateway aggregator’ that aggregates multiple major fiat-to-crypto gateways in a single, easy-to-implement, fiat on-ramp. This addition will enable our users to buy crypto with their fiat using both KYC-required and Non-KYC gateways.

Currently, this feature will enable users to buy up to 124 Cryptocurrencies with over 45 different Fiat currencies!

8. Rubic Bridge

Next week, we are going to change the fees for swaps using our native Rubic Bridge. At first, fees were previously chosen in order to help facilitate more people to move their assets from Ethereum to Binance Smart Chain networks. Taking into account the current market conditions and cross-chain demand, starting on Monday, July 19th, swaps between Ethereum and Binance Smart Chain networks will cost 100 RBC/BRBC. In the future, we intend to have this feature change dynamically depending on the current value of RBC/BRBC.

Marketing

1.Please welcome our newest strategic partner — Harmony!

Harmony is a premier blockchain for assets, collectibles, identity and governance.

To begin with, this partnership will enable users to utilize instant trades on the Harmony consensus network, directly on Rubic.exchange.

Later, we intend to offer cross-chain swaps from Ethereum and Binance Smart Chain to the Harmony consensus network.

You can read more about them here: https://cryptorubic.medium.com/rubic-harmony-partnership-2d9fb6395f19

2.This week, we have completed our SushiSwap integration for both the Polygon and BSC networks, and we are happy to share that SushiSwap has supported us with their Twitter account.

3. As we continue to develop our platform, we would like our community to share their thoughts, comments, and ideas.

We are constantly improving our communication, services and features on our platform. To ensure Rubic’s quality performance remains at the highest standards, we ask for your help in completing this short quiz of 10 questions.

Do not hesitate to give your sincere point of view. Addressing your thoughts and concerns about our project is extremely important to us.

You can access this survey here: https://forms.gle/bALa2KzVpecHqh5Q8

4.We’d like to welcome Alexander, the newest member of our development team!

He is an experienced back-end developer with more than 3 years of experience in the crypto industry. He will be working on current and new bridge integrations, our Crypto Tap, and other features.

Welcome to the team Alexander!

5. This week, we started another ad campaign, in order to promote Rubic to a wider audience. We have chosen several high-traffic websites to run our ad campaign. You will see our new ad banners on CoinGecko, BSCScan and Etherscan, to name a few.

6. Today, we hosted our 7th “Weekly Voice Chat With Collin O’Brien” session in Telegram. Our host, Collin O’Brien, answered new questions from active members of our community. Stay tuned for exciting information about next week’s Weekly Voice Chat, as we have a new featured element that we will be introducing to our show!
Also, Collin selected a new winner this week for $50 worth of RBC to one random person from our audience who asked a question during the show.

The winner is: Wab

We want to thank everyone for their questions and for participating! Congratulation Wab on winning $50 worth of RBC!

Please feel free to DM Collin on Telegram (@CollinOBrien) if you have any questions. He will do his best to answer them in the next weekly chat, and as always, you will be entered for a chance to win $50 worth of RBC!

7. Tomorrow, we will release another “Interviews With The Rubic Team” video. In this episode, Diana talked with another of Rubic’s Front-End Developers — Vlad. In this video, he discussed our new UI, his experience at Rubic, and more!

8. We’re starting a new Telegram ad campaign! During this campaign we will share information about our project with many Telegram channels. This will help us to spread the word about Rubic and generate more traffic to our platform!