The Hashbeats: Issue #8

Need your weekly dose of Hashflow? Here's a quick recap of progress on our product, growth initiatives, and all the latest news across our ecosystem 👇

TL;DR

• Enhanced cross-chain swaps, front-end, and backend of the product
• 21 pre-proposals, 8 polls, and 4 proposals passed in governance
• The DeFi State features Luigi DeMeo from AVA Labs 🔺
• New Hashgang Spotlight: Meet Ps23Gold from Belarus 🇧🇾

Product Upgrades & Technical Progress

Our eng team was back in the zone after the holidays and shipped a number of product enhancements last week:

• ✅ Improved cross-chain swaps to be more resilient to outages from RPCs
• ✅ Deployed minor bug fixes on the dashboard, claiming flow and other parts of the trading app
• ✅ Built additional backend monitoring for liquidity, Market Maker interaction, and other protections

Hashflow Governance Updates

In addition to the product, the eng team swiftly implemented “all” the past governance proposals that had successfully passed!

• ✅ LPs can now use their HFT deposits to vote on formal proposals
• ✅ Trading rewards have been simplified and made more predictable
• ✅ In partnership with PancakeSwap, $HFT can now be earned from their new Farm and Syrup Pool:

Since the commencement of governance, 21 pre-proposals have been submitted on the forums, and 8 formal proposals have been voted on! Make sure to cast your votes for the latest proposals open for voting:

• 🗳️ Re-Vote: Change the vesting schedule for HFTs from NFT rewards

And check out the new pre-proposals in their comment period:

• 📝 Allow to convert unvested HFT to veHFT
• 📝 Add an option to un-stake HFT within Hashverse
• 📝 Delaying all the rewards distribution

Thanks to everyone who has participated in governance so far - keep it up!

The Stats

After a week on the AVAX 🔺peak, overall volume maintained above $163M, with Ethereum leading the charge once again and Avalanche continuing to hold strong in 2nd place:

The DeFi State

For last week's episode of The DeFi State, we had to have Luigi DeMeo, Head of DeFi at AVA Labs 🔺, join us after the strong volume growth on Avalanche. We discussed Avalanche's latest & greatest development, Hashflow as part of their DeFi ecosystem, and more. Catch the replay ICYMI 👇

Community Highlights

With Hashflow governance in full force, we’re continuing to feature notable members from the Hashgang each week. Last week, Ps23Gold got the spotlight!

Now that the dust has settled a bit, we have a bunch of exciting announcements and Hashverse leaks over the coming weeks. Follow Hashflow on Twitter and join us on Discord so you don’t miss the news!