CompX@Compxlabs
CompX V2 is now live on Testnet.
This marks a new era for CompX focussed on security and sustainability. This current version v0.1 features two main DeFi primitives.
Lending - Our Orbital lending contracts have been re-worked. Deposits, borrowing, liquidations and buyouts remain the same but migrations, single points of admin failure have been removed.
No single admin account can access user funds, each contract has 3 admin wallets - for parameter updates, for withdrawing platform fees and for initialisation.
Permissionless Staking - What was going to be our platform, Delta, has been rolled into the main CompX app. Users can create staking pools for single or LP tokens, add rewards and set start and end dates.
We've kept things with the staking pools as simple as possible. Each pool has 2 admin wallets - one is the creator who can add/top up rewards and the second is for CompX to withdraw platform fees.
We've completely redone the UI and gone with a more serious and modern feel while having the same responsive UX as we had in Orbital.
The phases:
0.1: Staking and Lending
0.2: Repayment pools for users affected by the Orbital Lending exploit.
-- Push to Mainnet --
0.3: Governance V3
0.4: Payments and token streams - taking advantage of our upgraded Waypoint codebase.
-- Push to Mainnet --
0.5: clAMM - a new liquidity source for Algorand.
-- Push to Mainnet --
0.6: Stable.X - A massive upgrade from xUSD with price stabilisation via redemptions - USD.X, GBP.X and EURO.X
-- Push to Mainnet --
With the above plan we hope to regain trust, provide best in class DeFi on Algorand and make our users whole.
CompX V2 on testnet now - link below 👇
