Hello there!
Welcome to the first issue of The Fennec, Exponent’s newsletter covering what’s happening at Exponent as well as analyses and thought pieces on the DeFi capital management landscape!
Our objective is to be more transparent with our community with regards to what our team is working on as well as share observations and opinions on capital management in the crypto space, featuring content from our team.
We plan for a tri-weekly release schedule alternating between sprint updates and analyses to start. This may be changed depending on what our readers want, so be sure to subscribe!
Without further ado, presenting the first issue of The Fennec: Sprint Update #1
Sprint Updates
Engineering
XPN Token Contract Development
We have finalized the development of our XPN tokens and the related codebase. The next step is to schedule our next engagement with auditors for a smart contract audit.
Client Application: Strategist Rebalance Dashboard
In its current form, the backend rebalance service enables trade suggestions and rebalances for the vault via an API. We have a working client application that can now be deployed alongside this backend service, making portfolio rebalancing significantly easier.
Client Application Bug Fixes
Unclaimed Ticket Value: The ticket value of a round was denominated in WETH (the value at the time of the ticket purchase). This is inaccurate because a closed round should already have a fixed value in exETH. This issue has now been resolved and the correct claimable ticket value should now be displayed.
Misreported Trade Logs: Fixed inaccurate amounts displayed on a trade from a batched transaction.
Gas Estimation Bug: We found a bug in gas estimate for our rebalancer backend. The actual gas spent is higher than estimated from our Ethereum client, causing the transaction to fail. We have landed a fix that enables our service to include a buffer for gas estimation. Batched transactions now work as expected without transaction reverts.
Bug Bounty program
We officially launched our Bug Bounty program in collaboration with ImmuneFi on January 18, 2022. So far, no critical bugs have been found in our smart contracts and dApps.
You can view the details of our Bug Bounty program here.
Marketing
Beta Release POAP
To celebrate the one-month anniversary of the Beta Release and for achieving 100 WETH TVL, we whitelisted all addresses that deposited into Ex-ETH V1, making them eligible to claim a POAP commemorating their participation in the Beta Release and helping us reach this milestone. You can view and claim the POAP here.
More participation rewards will continuously get rolled out to show appreciation for our community’s support 🙂
E2 Asset Management Summit
Our very own Exa gave a talk on the Web 3.0 Capital stack. If you missed it, you can view it here. One of our community members, AmpedUp, also took notes and shared them on Twitter!
Operations
New Designer On-board
We recently welcomed a full-time UI/UX designer to the team. With this addition, we are now a full agile product-engineering team. Her first tasks will be to do a design overhaul, create a branding guide, and improve on the UI/UX of the dApp.
Wrapping Up
That’s it for the first issue of The Fennec! We hope you enjoyed learning about what we’ve our team has been up to. Our next issue will cover observations of the DAO treasury management landscape and the problems and limitations we see.
Be sure to subscribe to The Fennec to stay up to date!
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