Dexpools Monthly Summary: July 2022

July has been a pivotal time for Dexpools. This month, we have been making important decisions about our ecosystem, our platform, and even our identity. In other words, this month has been focused on assessing and improving the most fundamental elements of our project. Let’s delve into how our team has approached this, and what we have been up to this July. 

Perpetual & Limit Orders

Our devs have been working hard to release two new tools to our platform: perpetuals and limit orders. Progress on these is going fantastically, as we are almost ready to release them via a testnet, allowing us to internally try them out and fine-tune them. 

Both of these features give users more control over their trades, as they allow people to buy and sell digital assets at a specific price and a specific time. They are an instrumental part of many trading services, and in due time they will be a part of Dexpools, making our platform more robust and multi-faceted.

Our devs have made huge strides with these tools, so it shouldn’t be long before we can showcase them to our audience!

Our Upcoming Rebrand

Dexpools is currently poised to undergo a significant change. We are in the process of rebranding our project to help ensure that we are conveying the most positive and accurate message through our name, terminology, and our overall design language.

One major reason for this is to be certain that our brand reflects the inclusion of our upcoming tools, such as perpetual and limit orders. This is big news for all our fans as a fresh rebrand will help to entice new users to join our platform, therefore growing our ecosystem and creating more trading opportunities. 

As part of the upcoming rebrand are significant enhancements to our tokenomics and incentives around the new platform. The team believes everyone will be thrilled with the new mechanics being introduced.

We would also like to thank our community for helping with this! Earlier in the month we ran a short competition to help come up with a new name, and have since rewarded some of those who participated. We can confirm that a name has now been decided on, which we will reveal to the world very shortly!

But Don’t Worry– We’ve Not Forgotten About OTC Trades

Despite the news of a new rebrand and new trading tools becoming available, we are not leaving behind our OTC capabilities. OTC trading is still going to be a part of our platform, and we are always going to be dedicating time and attention to this all-important feature. 

However, for the time being, we will be pushing our perpetual and limit orders quite extensively. 

Major L2 Support 

We are currently preparing to get ecosystem support from a high-profile L2 blockchain, who will help springboard the launch of our rebrand and perp product. We cannot tell you who this is just yet, but we can assure you that it will be a game changer for us. 

Continuing a Productive 2022

Dexpools has made tremendous strides throughout this year, and July is no exception. Stay up to date to watch our platform grow and mature as the months go by, helping a myriad of traders and investors get the most out of their money. And be sure to keep an eye out for our new features and our upcoming rebrand.