Rubic Weekly Report 11/04/2022

Hacker’s Attack

As you all know, one of our admin’s wallet addresses was compromised. This wallet managed the RBC/BRBC bridge and staking rewards. This bridge was disabled at the end of October and was not used later on. There was 35M locked RBC which was not in circulation, and they correlated with the previously minted BRBC.

Development

1. Bitgert Integration Announcement

This week, we have finally integrated the Bitgert blockchain, famous for its zero-figure gas fee of $0.00000001 and high throughput of 100,000 TPS. Users can swap assets between Bitgert and 7 blockchains: Ethereum, BSC, Polygon, Avalanche, Kava, Telos, and Cronos.

2. Telos Integration Update

Rubic has expanded Cross-Chain trading for Telos to new networks. Trading is now available between Telos and the following blockchains: Ethereum, BSC, Polygon, Avalanche, Fantom, Kava, Bitgert, Moonbeam, Cronos, Boba, Oasis, Metis and to BTC.

3. QuickSwap V3

Rubic has integrated QuickSwap v3 as a DEX for the Polygon Network. The V3 model offers Liquidity Providers a way to make their capital more efficient, and can deliver rewards tens of times higher than the V2 model.

4. Multichain Provider Integration

We’ve completed the integration of Multichain as a provider for swaps, to every blockchain supported on Rubic. This integration further improves the user experience, as it enables better rates for bridging tokens.

5. “Fast Choice” Feature Update

Currently, we are researching the opportunity of adding a “Fast Choice” feature for on-chain trades. In case this feature is implemented, our users will be able to see the providers in a real-time manner, whenever a route for their trade is being calculated.

6. On-Chain Proxy Contract

Rubic’s Dev Team resumed the development of our on-chain proxy contract. When this contract goes live, users won’t have to approve the best DEX every time they are implementing the transaction. Also, fees for on-chain trading will become more flexible.

Marketing

1. Rubic’s Birthday Campaign Results

Rubiс’s Birthday Celebration has come to an end, and now it’s time to analyze all the collected data.

2. SF Blockchain Week

This week, Rubic’s Business Developer Collin O’Brien joined the SF Blockchain Week. This event unites blockchain startups, enterprise companies, academics, developers, and investors from around the world. It’s held in San Francisco from October 31st to November 6th, 2022.

3. WOW Summit

This week, Rubic joined the World Web3 Summit, one of the biggest blockchain conferences around the world, held in Lisbon, Portugal!

4. AMA by Rubic’s Founders

Rubic always sticks to transparency in communication, and we know that our community might be nervous or concerned due to the recent events.

5. New SDK Integration

Meet Turex Finance! The project specializes in the development of products for the use of crypto currency in the economy. Now, users of Turex can buy $TUR directly at https://turex.finance/

About Rubic

Rubic is a One-Click Cross-Chain Aggregator which allows users to swap any of 15,500+ tokens, across 20 blockchains, and receive the best rates from all leading trading providers. Rubic includes On-Chain & Cross-Chain swaps for Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Arbitrum, Gnosis, Fuse, Celo, Optimism, Moonbeam, OKC, Boba, Tron, Moonriver, Cronos, Bitgert, and Bitcoin; with seamless fiat on-ramps and more!

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Rubic

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Rubic: A 'one-click' #CrossChain Service + tools to enable it for #dApps. Trade over 15,500+ #tokens across 26 #networks, through the aggregation of 60+ #DEXs!