Roadmap
The roadmap for wmx.fi outlines a strategic plan of key milestones and initiatives to be achieved monthly, propelling the ecosystem towards its long-term vision of becoming a leading player in the DeFi space. Each step is designed to enhance the platform's capabilities, security, and user engagement.
Subgraph for Better Indexing
- Objective: Set up a graph node, archival node and subgraph queries
- Details: A subgraph is an essential piece of any onchain exchange to be able to query historical orders and track PnL better. We will set up an archival node on Wemix and connect it to our running Graph node.
Integration with Pyth Oracle
- Objective: Replace dark oracles with Pyth oracles.
- Details: Transition to Pyth Oracle for enhanced accuracy, transparency and reliability in price feeds, ensuring better trade settlements and liquidations. This will also pave the way for us to expand our list of tradeable markets
Python SDK for Automated Trading
- Objective: Create a Python SDK for interacting with the exchange
- Details: This will help us onboard more sophisticated traders to the exchange
Dynamic Market Making Implementation
- Objective: Replace current pricing with onchain dynamic market making.
- Details: Unlike static pricing based on oracle feeds, wmx.fi will market-makers to adjust price levels dynamically. This aims to make the pool's maker liquidity more efficient accounting for directional exposure and market volatility. You can read more about it here (Dynamic Market-Making).
Launch of Tokenomics and Token Release
- Objective: Introduce the wmx.fi native token - WMX.
- Details: Release the platform's native token, laying the foundation for a decentralized governance model and incentivizing user participation on both sides (makers and takers).
Deployment of Immunefi Security Bounties
- Objective: Strengthen platform security and gradually raise the deposit and open interest limits.
- Details: Implement Immunefi bounties to identify and resolve potential security vulnerabilities, safeguarding the ecosystem against threats while we scale up in TVL.
Expansion of Active Markets and Liquidity Pools
- Objective: Diversify and deepen liquidity pools and markets available to trade.
- Details: Add new assets to the liquidity pools, offering more options for Makers and improving market depth for Takers. We also plan on increasing the number of active markets aggressively once we can depend on Pyth Oracles for pricing.
Community Building Initiatives and Marketing
- Objective: Grow and engage the community.
- Details: Launch community events, AMAs, and educational content to foster a strong and knowledgeable community.
Centralized Exchange Listings
- Objective: Increase project visibility and trading venues.
- Details: We would aim to get WMX listed on centralized exchanges to improve token visibility and liquidity.
Strategic Partnerships and Collaborations
- Objective: Expand market reach and capabilities.
- Details: Form partnerships with key players in the DeFi space to leverage synergies and enhance platform offerings.