Hi Incognito community,
In this topic, let’s conclude things the team has completed in the past quarter (Q3) and discuss initiatives we are going to build in this quarter (Nov - Jan).
Conclusion of Q3 (Aug - Oct)
In the last quarter, the following things have been completed:
- Instant Finality V2
- pEthereum improvements
- Blocktime reduction to 20s
- Avalanche bridge
- Near bridge
- SpookySwap integration (Fantom)
- Uniswap integration (Ethereum)
- Trader Joe integration (Avalanche)
- Swap function on the website (with new pEthereum workflow)
- Swap function on the mobile app (with new pEthereum workflow)
- Swap aggregator (calculated the rate across multiple integrated DEXes but not split swap into multiple smaller ones yet)
- Reduce fixed node dominance to 34%
- A design for decentralizing Beacon chain
There are 3 things that we couldn’t ship yet:
Development of the first two has been completed, unfortunately, we’ve identified an issue with a weird transaction type in the Aurora network that needs more work to support. The 3rd one will be implemented in Q4.
Apart from those, there are 2 other things that we decided to put on hold because of Solana’s network/operation issues:
- Solana bridge
- Raydium integration (Solana)
Initiatives the team will be working on in Q4 (Nov - Jan)
In Q4, we are planning to build:
- a more decentralized network
- better privacy products
- a privacy app store
with an aim to acquire and onboard new privacy-minded users.
The main goal of decentralization in this quarter is to implement the design for Beacon chain.
|Decentralize Beacon chain||Allow community validators to participate in new Beacon block creation||Jan 2023|
|Update node monitor tool to support Beacon validators||Allow community Beacon validators to monitor and manage their nodes with node monitor tool||Jan 2023|
Better privacy products
Privacy products for privacy-mined users will need to meet the following requirements:
- More privacy
- Better experience
|Interoperable liquidity pools||Enable a swap to use liquidity from both pDEX and integrated DEXes in a single transaction (for instance, the swap of XMR for ETH will use pDEX liquidity for XMR > USDT then use Uniswap liquidity for USDT > ETH)||Dec 2022|
|Hardware wallet (phase 1)||This is pretty big, in this quarter we target to have an MVP of the hardware wallet so that beta users can try it out||Jan 2023|
|De-google services||Remove all google services on the mobile app so that de-googled phones can run Incognito app||Jan 2023|
|Support shield, unshield, swap & masterless key import on Wallet Extension||Support the functions in Wallet Extension||Jan 2023|
|Block time reduction (to 10s)||Reduce block time from 20s to 10s to improve UX||Dec 2022|
We also plan to support Incognito wallet extension on other browsers such as Firefox, Onion for a better privacy level. However, it depends on when the browser supports Manifest V3 standard that was implemented in the current Incognito extension. (Mozilla said that they will release a Manifest V3 beta version at the end of 2022)
Privacy App Store
By leveraging pEthereum and Incognito’ privacy, we would be able to bring privacy to any popular Web3 dapps in EVM-based networks. In the past couple of quarters, the team has built several ones and integrated them into the Universal Swap function.
However, it will be more scalable if developers from the community give a hand to build more privacy applications then we can position Incognito as a Privacy App Store for Web3.
For that reason, we will be resuming the Builder Rewards program to incentivize community developers to build privacy dapps for the Incognito App Store.
|pDAO||A tool for Incognito community members to anonymously vote on their favorite proposals. We are decentralizing decision-making as a DAO||Dec 2022|
|Builder Rewards 2.0||Resume Builder Rewards program to incentivize developers to build privacy dapps for Incognito App Store||Dec 2022|
That’s what the team has planned to build in the next quarter, but we are still open to listening to suggestions from the community. Please feel free to share your thoughts in the comments to make sure we are building the right things for the community’s needs.