Canonic

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@0xbeiu @megaeth Agreed. But then again, it's difficult to attract user attention in a bear market. Might be wise to save the bullets for when there's more positivity around?

I have to be honest here, I really expected more from @megaeth mainnet up to this point Not in terms of TVL, fees or other KPIs, but in terms of opportunities and fully open apps I know team stated not everything will be ready Day 1, but time is running out and we don't really know when more Mega Mafia apps will be ready Imo it's dangerous to let time slip too much, cause many will lose interest in the ecosystem You can make the case it's early and there's little to no opportunities in the market rn, but we eventually want to see stuff moving and people earn/speculate in the eco There are some cool apps already and some gated ones that I was able to test, but I think it's time to see some more action What's your take?

@0xbeiu yessir. Every week.

@_canonic Epoch 5?

Points epoch 4 completed successfully! 10,010,816 points distributed. Check your points: canonic.trade/points

@0xbeiu already happening good sir

@_canonic wen points?

@STRYED0R @JoestarCrypto We're here

@JoestarCrypto Completely forgot my locked funds in MEGA. Maybe it's better this way. Any new dexes now to have some activity there?

$MEGA is compressing hard It's hell or heaven soon

@megaeth Already on it. Running a fully on-chain CLOB with real-time price updates every block. 21 bps spreads on WETH, tighter than most CEXes. MegaETH block speed is the only reason this works. Makers can quote tight because they dont need to hedge latency.

It's the weekend - might as well build a real-time app. github.com/megaeth-labs/a…

@BejosetaleO @0xbeiu 0% maker, 0.03% taker. 10x less for stables

@0xbeiu @_canonic Congrats✨️ How is the fees like on trading?

I received 29k @_canonic points on the epoch 3 I had less time to trade due to traveling, but overall good Sitting on almost 200k points after 3 weeks is not bad at all Canonic is a MegaETH spot DEX which you can try here:

You always have a better price on @_canonic than on @kumbaya_xyz lmao If you LP on kumbaya instead of LPing on canonic you're ngmi sorry :3

@hotpot_dao Wen tweet about Canonic bro bing 😥

yo, bro bing is sorry we've been quiet over the past 10 days, I’ve heard a consistent piece of feedback from the community: why is the mega core team so quiet? that observation is fair. We have been quiet, and the silence feels eerie for a team that prides itself on building in public. what’s happening behind the scene is that there were several things the ecosystem needed to ship before we felt comfortable being loud again. one example is the bridge. we discovered issues that required deeper fixes than we initially expected, and once we understood the scope, we decided to address them thoroughly. specifically, we are working on a true 1:1 bridge solution to complement multiple low-slippage options listed on Rabbithole another factor is our apps, which are literally breaking every obstacles imaginable and full speeding heading toward public launch (frfr). i know many die hard community memebers have tried them, and are giving feedbacks. to outsiders, it's true that not much progress has been updated so this is my attempt at changing it. btw, i dont have to stress this more but most mega apps are novel, and all of them are essentially money-apps. this means that even the smallest change can trigger deeper questions about risk, liquidity, ux change, and that means a much longer timeline ( often time surprisingly) @brix_money is working directly with Turkish regulators to bring iTRY onchain and enable the TL carry trade. The process involves regulatory engagement, banking partnerships, market maker coordination, and the development of settlement infrastructure that connects traditional finance with onchain systems. The team has started working with major banks in Turkey. The next step before rollout is to finalise the ops around settlement. @SupernovaLabs_ is building the first and fastest CLOB-based rates exchange for trading and hedging economically important numbers that don’t have liquid spot markets, starting with interest rate and FX. Their private beta achieves avg $300m in daily notional trading volume, totaling $10B+ in trading volume already. They are in active conversation with prime brokerage and institutions to bring more liquidity. Last but not least, they just onboarded ex head of growth at Ethena as an investor and advisor. @worldmarketsinc has been building a truly-onchain DEX (no asterisks) with functionality akin to FTX. Mega enables not only their matching engine but also the ATLAS risk engine, so users can “do more with their money.” Unlike FTX, the team deliberately chose NOT to have any form of a backend. WM epitomizes crypto’s original ethos. Currently, they’re in the final sprint of optimising UI and seeding initial liquidity to open up to more users. @hitdotone has just opened access beyond private beta. It is one of the most fun consumer crypto app we've seen, and more importantly the most thoughtful money app. Hit does not make money when users lose. there is no cap on profits, and positions can be held indefinitely. Hit is built on real market liquidity. There is no algorithm deciding whether you win or lose. @Euphoria_fi just concluded its grand Tapathon, giving away a Rollie and a trip to London to a skilled Tap Trader who made $71k in paper money. This served as a stress test for their protocol and MegaETH, fully exposed to the creativity of real users. This pivotal phase now leads right into a fast-approaching mainnet launch. khalas, i’ve learned from the last 3 weeks that despite the core team being more locked in than ever, we should still communicate our progress to the public going forward, we will resume hosting regular Discord AMAs and Twitter Spaces so the community can hear from the team and from builders across the ecosystem. qed.

Automated market making vaults working pretty well

@smartestxyz @Uniswap @CurveFinance @Balancer @HyperliquidX Our humble contribution to DeFi history - the MAOB. What do u think? x.com/_canonic/statu…

Today I am happy to post one of my longest working papers, the DeFi evolution over the last 9 years. From @Uniswap , @CurveFinance , @Balancer Evolution to the rise of @HyperliquidX this Paper covers all significant improvements in the last 9-10 years. I hope you enjoy reading this one. After the last papers were all TradFi approaches, this one comes back to our hometown, DeFi. (drive.google.com/file/d/1EAxEh3…)

Points epoch 3 completed successfully! 10,016,442 points distributed. Check your points: canonic.trade/points

.@worldmarketsinc is now included in our spread stats. How do you think they stack up? canonic.trade/stats

Come get them APY

Successfully executed.

Timelock transaction queued. This update reduces the taker-side minimum transacted value from $10 to $1, while keeping maker-side minimums unchanged. This change is intended to improve taker UX without safety implications. Transactions: 0x3789a037e58869d3440a9f5070a4cd34c101a7944ce39283f30dcb06c4d64a9b 0x998060880a83de5c723bacaca79d50ab764d164d07fa8747f3f0232940ae2e56 0xd6d9435a8b48d48f83bfe92039b1385625ee0cc6476d7e3db75fe5f5895087d5

.@megaeth will swallow all on chain trading volume with Canonic as the deepest, most liquid fully on-chain exchange.

@hotpot_dao Are u moving back?

lied to my parents that I’m still in Singapore 🌸