The Stakenet team keeps growing (adding 3 new members) and upgrades are pushed forward at a fast pace.
In the latest DEV update was highlighted the successful deployment of “taker pays maker” fee model to the closed beta group! With this solution everyone setting a limit order will receive the taker fee on the trade; this solution will incentivize liquidity providers helping scaling the Dex. Here is a breakdown of the proposed fee model for the Dex.
Another huge update comes on the ETH L2 side, where the Connext browser node was included in the Light Wallet.
"Combining the power of Connext with the power of lightning labs’ LND, we can now trade BTC, LTC, XSN, ETH & ERC-20 instantly on L2 in a virtually feeless manner."
USDT-BTC stress tests are stabilized and underway! Using ETH L2 via Connext and BTC LND, the developers have been able to perform cross-chain swaps on L2 without the need for custody/ sidechain wrapping. Over 50000 trades were performed for over 80 BTC value (https://orderbook.stakenet.io/monitor/btc_usdt)
Next up, this week the web interface dex repo will be released to the public, so the community can directly follow the project and next the team will focus on deploying AMM into the software for closed beta.
Awaiting the launch of the dex $XSN can be bought on Bitfinex, Whitebit or Stakecube
For more info join the Stakenet's Discord