OpenSwap Bridge Testnet Report: Week 1

Dear Trolls,

A few days ago, we have deployed the OpenSwap Bridge on Kovan, Fuji C-Chain, and BSC testnet, and through our feedback form, community members were able to reflect their thoughts on how our crosschain bridge can be improved and enhanced for a seamless experience when the core team deploys the OpenSwap Bridge on mainnet.

As of date, over a thousand feedback were submitted to us, and we are grateful towards our community members for taking the time and effort on testing out our feature.

We have evaluated the collected feedbacks, and made the following changes this week:

New Functions Added:

• Support Bridge Vault Single Asset Staking
• Support Project Token Bridging on OSWAP across Different Chains

Enhancement Made:

• Fixed broken pair issues that caused transaction rejections
• Fixed bridge record data missing
• Enhanced loading logic on Pool Page to improve efficiency
• Added “Add To MetaMask” function on token list
• Other Minor UI enhancements

Bridge Vault Single Asset Staking

As you may know, the OpenSwap Bridge relies on Single Asset Vaults to be set up on different chains to enable crosschain activities. This week, we have decided to deploy 2 vaults on the 3 chains. They would be USDT vault, for crosschain swapping, and OSWAP vaults, for project token bridging. Testnet users are now able to collect transaction fees and get a feel of how it would function upon deployment on mainnet.

Project Token Bridging

This inclusion is a great opportunity to showcase what the OpenSwap Bridge is capable of. By setting up vaults on all 3 chains, OSWAP holders can:

1. Bridge OSWAP tokens at a 1:1 ratio (before fees), and
2. Contribute to the single asset, no impermanent loss vaults. This means that other projects bridge their tokens through this enablement, a truly win-win-win for all parties involved.

We are extremely happy with the feedback received so far and will continue to make improvements according to what’s being reflected to us.

Please note that the testnet event is still ongoing and feedback collected will be evaluated and acted upon proactively by the OpenSwap team.

For those who are interested, you can participate in the OpenSwap Bridge testnet event here, and be sure to submit your feedback here.

OpenSwap is a community-focused project, and we value contributions from our community members. Towards the end of the testnet event, we may reward those who are helping us out by submitting good and constructive feedback.

About OpenSwap

OpenSwap is the world’s first DEX providing on-chain swaps at zero slippage with hybrid smart routing, and a single asset crosschain bridge. As the DeFi universe continues to expand, liquidity becomes increasingly scattered across multiple chains and the situation is poised to get worse as new chains emerge with individual DEXs on each chain. The OpenSwap team has been working for the past several months on building up a vision of a greater OpenSwap ecosystem that will become every crypto project’s BFF through a set of key offerings that will empower teams to establish funding and sustained token health, allowing teams to focus on what they do best — BUIDL.

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