Rubic Weekly Report 12/02/2022

Hello, Rubicans! Winter is here, and the Rubic team is working hard to warm you up with some good news. Let’s see what’s happened this week.

New RBC Tokenomics

As you know, Rubic needs to relaunch its token, which will be created on Ethereum. We want our community to vote on Rubic’s future path, and the vote will last from December 2nd 08:00 UTC to December 5th at 20:59 UTC.

Link to vote:

https://snapshot.org/#/rubicexchange.eth/proposal/0xb0175f4a3f0b3713c393e54c5db01198bea34477783e108a36bc7941efada74f

Read our article to learn more: https://cryptorubic.medium.com/introducing-the-new-rubic-tokenomics-the-way-forward-abca6cf11d8d.

If the vote is successful, the snapshot will be completed on Dec. 12th at 12:00 CET. You’ll be able to claim the new RBC at a ratio of 1:1 to the old, as long as your old RBC is in a private wallet (no CEXs).

The new RBC will be listed on Uniswap at the pre-snapshot price.

The total supply to be minted in Dec. 2022 is 176M RBC, so current holders keep their share for at least a year and Rubic gets a chance to make a move in the market with an updated product and additional funds. More RBC can be minted in the coming years for marketing, partners, VCs, & ecosystem growth. Locks and vesting periods will help prevent token price dumps. There’s also a possibility to burn tokens if needed.

The article above features Retrodrops to holders, a new Rubic product for dApps, new RBC utilities, and much more — please study it carefully before voting.

Thank you for your support, Rubicans, and stay tuned for more updates!

Development

  1. Velas Integration

This week, we integrated the Velas Blockchain into Rubic.exchange. With this integration, the Rubic ecosystem gains its 25th network!

Now, users can swap VLX, AVAX, BETS, BNB, BUSD, DAI, ETH, MATIC, MTC, USDC, USDT, and WBTC tokens (depending on the chain) across 12 other blockchains: Ethereum, BSC, Polygon, Avalanche, Fantom, Telos, Bitgert, Cronos, Kava, Boba, Oasis, and Celo.

This integration has also brought the VLX token to the Rubic Platform, where it’s available for on-chain and cross-chain swaps on the Velas network. VLX is used for transactions, payments, fees, and for supporting Proof-of-Stake consensus.

Let’s explore the Velas Network in numbers:

Velas Market Cap: $54M

Velas TVL: $5M

Total transactions: 251,350,649

Average block time: 400 milliseconds

Wallet addresses: 143,260

Check out the Velas explorer here: https://evmexplorer.velas.com/

Velas is the first and fastest EVM/eBPF Hybrid Chain mechanism blockchain, which allows building decentralized applications and smart contracts on its mainnet, allows the scalability of transactions, and is able to validate up to 75,000 transactions per second.

Read more about this integration here: Rubic x Velas: Scalability, Performance, & Low fees

2. Klaytn Integration

Klaytn is an enterprise-grade, service-centric platform that brings a user-friendly blockchain experience to millions of users. It has become the 26th blockchain available on Rubic for cross-chain and on-chain swaps. A DEX conducting swaps from and to Klaytn is ClaimSwap (also integrated into Rubic).

Now, users can swap MAI, QI, and WEMIX tokens (depending on the chain) across 9 other blockchains: Ethereum, BSC, Polygon, Fantom, Moonbeam, Optimism, Arbitrum, Gnosis, and Celo.

Let’s explore the Klaytn Network in numbers:

Market Cap: $553M

TVL: $207M

Total transactions: 251,350,649

Average block time: 1 second

Avg Transactions per Block: 6

3. Fiat On-Ramp Integration

Soon, we’ll be adding the Fiat on-Ramp feature directly to the Rubic App. This feature will enable fast and easy swaps of your fiat to numerous crypto assets at https://app.rubic.exchange/

4. New Landing Page

Rubic is preparing a big update for you. A new landing page!

We are working on a UI/UX update and adding new pages to the Rubic website. The update includes brand-new B2B pages devoted to Rubic’s Cross-Chain tools and the refreshed design of the main page.

5. Upcoming Integrations

  • Currently, Rubic’s Dev Team is working on the integration of Curve as an on-chain provider at Rubic.exchange.
  • Of course, our team is working thoroughly on the new RBC token! You can read more about the proposal in the new tokenomics section above.

Marketing

  1. SIS Airdrop

On Monday, we airdropped $SIS tokens to those who claimed our special Rubic x Symbiosis NFTs during Rubic’s Birthday promo campaign. These holders should now have a share of 50,000 $SIS on the Arbitrum network.

Here’s the scanner data:

https://arbiscan.io/tx/0x13811766b1fb96918541ddb7b3773863b1acc679e6655f2f8f50a4dde2f3eb36

https://arbiscan.io/tx/0x4d94b8c0c634fc147ebdbdc8677764f40d96ae57ee2498d31478f47d207ec047

Rubic will continue to hold various airdrops together with our partners. Don’t miss out on these opportunities, try to use all the privileges of being a Rubic ecosystem user!

2. New Widget Integration

Meet SpaceShipX, our new Widget Integrator!

SpaceShipX is a community-driven synthetic platform that offers a variety of yielding opportunities for investors, no matter your risk tolerance. Enjoy passive income with sustainable and competitive APRs!

3. TRON Grand Hackathon — Season 3!

Rubic’s participating in the TRON Grand Hackathon — Season 3!

This week, the vote for the winners has begun, and it means that the Green Cube needs your support!

You can help us by voting for our project at https://forum.trondao.org/t/tron-grand-hackathon-season-3-community-vote/13984.

Rubic has the designation D4 on the DeFi Track. Please check out other participating projects.

To be eligible, you need to create an account & leave 3–5 comments under different contestants. Once it’s done, you can vote.

Your help is much appreciated. Thank you for your commitment!

4. Rubic x W3DNA Giveaway Results

Our joint giveaway with W3DNA is over, and we are excited to announce the winners!

Click here to check if you are among them: https://docs.google.com/spreadsheets/d/1rgjBVSDXuSpY_6hq-jN4LsIo4cIxLrdlHWbilFV7lvs/edit?usp=sharing

Are you on the list? Congratulations!

Prize Distribution: After the sales launch

5. Rubic AMA

As always, join us at our AMA today! Collin O’Brien will be covering updates, including new tokenomics and governance vote.

Link to the AMA: https://twitter.com/i/spaces/1OwxWwDmVnDxQ

About Rubic

Rubic is a One-Click Cross-Chain Aggregator which allows users to swap any of 15,500+ tokens, across 26 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, and Bitcoin; with seamless fiat on-ramps and more!

Rubic provides the tools for crypto projects to become fully interoperable between blockchains, with an easy-to-install widget and a fully-customizable SDK. Rubic is already servicing more than 130 projects! Installation of Rubic’s SDK or Widget unlocks DeFi for any project, with access to over 15,500+ tokens across 26 blockchains, all available right on your website or inside your app.

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Rubic is a Cross-Chain Tech Aggregator for users & dApps. Rubic aggregates 26 chains, 90+ DEXs & bridges, and enables swapping of 15,500+ assets in 1 click.