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deFarm Monthly Updates - July 2023📑
While markets have remained relatively stagnant recently, we remain committed to our ongoing development efforts. Even better, keep reading to discover the specifics and catch up on other notable events that have unfolded within the deFarm ecosystem over the past month.
1. New Website
As was shared in the previous episode, we’ve continuously developed our new home page and landing page for the dApp. Given the time constraints, the previous version, the web only displayed some brief, and condensed information. We acknowledge that the amount of content provided was not comprehensive and may have led to confusion among users. While our website will showcase a wealth of information about our products, features, and partners. We’ll also ensure that users receive a seamless and user-friendly experience when navigating through the flow and usage of the website.
2. Manager Deposit
Additionally, we’ve introduced a new function for the farm manager, allowing them to make deposits for their own farms alongside investors. We firmly believe that this enhancement will instill greater confidence in investors, and discourage the creation of farms without genuine commitment, removing spams.
3. Loading on Vertex
As announced on our socials, we have established a partnership with Vertex Protocol, which now serves as the new trading venue for deFarm users on Arbitrum One Network. While deploying the Vertex trading mechanism posed some challenges due to their technical design of off-chain order book, our dev team worked tirelessly and managed to find a solution within a remarkably short timeframe of just 3 weeks. Rest assured, we are committed to introducing this integration to our users as per the initial plan of public testnet of Single Farm, ensuring a seamless and comprehensive experience.
This August. Hang on!
1. Social Activity
Over the past month, our social platforms have experienced a surge in interactions and garnered a considerable number of new followers. Furthermore, we have been actively organizing numerous activities to engage with our people. Among these initiatives are “Guess to Earn” with a total reward of 150 USDT and the “Invitation Campaign” in exchange for OG roles on Discord, both designed to foster participation and reward our valued community members.
We are incredibly proud and grateful for the support of you, our dear farmers, as we have now surpassed 23k followers on X (previously Twitter), gaining over 6k new followers during the month. Notably, our impressions have increased by more than 150% compared to the previous month, signifying a remarkable growth in our online presence. Thank you for being a part of this exciting journey.
2. Attending to GM Vietnam
Thanks to the invitation from our friends, Kyros Ventures and K300 Ventures, our co-founders had the honor of attending GM Vietnam, the most highly anticipated blockchain event for Vietnam in 2023, with more than 5000 participants, 100 experts and many insightful discussion panels. We had valuable opportunities to meet, discuss and learn from many industry leaders all over the world who were also present, gaining invaluable experiences in the process.
Our BD team has been actively engaged in discussion with numerous DEX partners across various networks. Recently, as you may already know, we successfully established a new and promising partnership with Vertex Protocol on Arbitrum as our liquidity layer partners. This ongoing effort reflects our commitment to expanding partnerships and furthering our presence in the DeFi space.
More exciting, our founder Cuong Do was invited as a speaker at a Twitter Space with the Vertex founder, talking about the topic “The rise of DEXs”. Both shared many valuable insights about the DEX and CEX narrative, and SocialFi’s part in the next cycle of the market. Make sure you don’t miss it, this is the record of the discussion.
In tandem with our efforts in developing partnerships, our marketing team is working diligently to recruit deFarm Ambassadors. These ambassadors play a crucial role in expanding the protocol’s reach and effectively educating users about our products. Through their advocacy, we aim to enhance awareness and adoption, contributing to the overall growth of the platform. Anyone interested in being our Ambassador, please shoot a DM to the BD team - Lukas.
Coming Next in August👀
August promises to be an exhilarating month for the deFarm community. As part of our plan, we are gearing up to launch the Public Testnet program for Single Farm on Arbitrum, backed by the support of Vertex. Make sure to stay updated by following our social media to catch all the important announcements, and don’t forget about the exciting prizes you can win along the way. It’s going to be a thrilling journey, and we can’t wait to share it with you!
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