Monthly Update – August 2023

August is here, and the momentum at Glitch Finance continues to build.

With the GEX MVP launch drawing nearer, we have been making significant progress refining every aspect to ensure a seamless and truly decentralized user experience. We are also excited to share details for the BUIDL on Glitch hackathon, offering developers and innovators a chance to shape the future of DeFi.

In this edition, we’ll delve into the latest progress on the GEX and share insights into our upcoming initiatives. Let’s roll.

A look back at July


Exciting progress continues in the development journey of GEX, the eagerly awaited decentralized exchange on the GLITCH blockchain. As we gear up for the GEX MVP launch, we’re thrilled to announce that both development and QA testing have reached 100% completion, with the team now pushing forward with the infrastructure setup phase. You can view the progress in the roadmap breakdown.

In recent development, we’re ensuring that the two new contracts for the bridge are built out so users can bridge back and forth between chains if they purchased either g.ETH and g.USDT on the Glitch chain.

In a recent article, we unveiled essential details about the initial token listings, proposed token economics and allocation split for the platform and GEX token. By exploring this article, you’ll gain valuable insights into GEX’s economics and how the GEX token functions within our decentralized exchange.

To gain deeper insights into the mission driving the GEX, we recommend reading our recent thought piece on the imperative of a genuinely decentralized exchange amidst the encroaching centralization of the DeFi space. We invite every community member to actively participate and play a pivotal role in shaping the future of the GEX. Your engagement and contributions are crucial as we strive to establish a powerful and decentralized platform for the entire community. Together, we can pave the way for a new era of financial empowerment.

BUIDL on Glitch Hack 2023 & Lumos Labs

We’re thrilled to announce that the BUIDL on Glitch Hack 2023 registrations are now open.

BUIDL on Glitch Hack 2023 is an exclusive Glitch-based hackathon and collaborative effort between Glitch and our partners at Lumos Labs, geared towards addressing real-use case challenges within the DeFi space. We invite all developers and innovators to join us as we explore and craft solutions that will shape the future of decentralized finance and compete for a slice of the US$10,000 prize pool. Learn more about the hackathon and discover the problem statements in our latest article.

Register for BUIDL on Glitch Hack 2023 and showcase your skills. Engage with like-minded builders, collaborate, and leave your mark on the GLITCH blockchain. Take advantage of this opportunity!

Register NOW!

As part of the Education phase of our collaboration, Lumos has released an exclusive course focused on GLITCH on the Lumos Academy. Want to learn more? We encourage all developers interested in expanding their skills to check it out and enroll.

Community Updates

We rounded off the month with an informative live AMA dedicated to the GEX and answering your community questions. The discussions were filled with valuable insights into the features and technology behind the GEX, and shared excitement about the upcoming launch. Missed us? You can catch up with the recording on YouTube. Glitch Indonesia also hosted its monthly AMA, which you can recap in Bahasa and English.

We are working behind the scenes to deliver an all-encompassing marketing campaign alongside the product release. Our goal is to raise awareness, generate excitement, and entice users to experience the potential of the GEX platform. Watch for updates and sneak peeks into this dynamic launch campaign as we progress.

August Preview

We’re gearing up for the BUIDL on Glitch Hack 2023, and our enthusiasm is boundless. We’re thrilled to support the talented developers who will join us in shaping the future of DeFi through their groundbreaking ideas. Additionally, Glitch Indonesia, our most active regional community, will start activating more community-driven activities that will be shared in the upcoming weeks.

As we eagerly approach the launch of the GEX MVP, our entire team is laser-focused on fine-tuning every aspect to ensure a smooth experience for our users. While preparing for this exciting milestone, we can’t wait to share more sneak previews and exciting details of what you can expect from the GEX.

“We’re not just building a decentralized exchange but forging a path towards financial sovereignty. Empowering individuals to take control of their assets and shape the future of DeFi is at the core of everything we’re working towards.” Sean Ryan, CEO of Glitch Finance

Onwards and upwards,

– Team Glitch

About Glitch
GLITCH is a blockchain-agnostic super protocol explicitly designed for trustless money markets and decentralized financial applications (dApps). GLITCH solves the expensive fee structure of other blockchain platforms while simultaneously empowering all ecosystem participants and guaranteeing low network fees through a unique revenue-sharing mechanism. Glitch plans to incorporate token wrapping bridges, where dApps can run more efficiently, all in service of Glitch’s ultimate goal: to become a cornerstone of blockchain infrastructure.

Monthly Update – August 2023 was originally published in Glitch Finance on Medium, where people are continuing the conversation by highlighting and responding to this story.