This article is a development report of a Dex223 decentralized exchange.
We’re building an exchange to speed up adoption of the ERC-223 token standard. ERC-223 was created to solve a security problem in the older ERC-20 standard. Security issue of ERC-20 caused $200M losses on Ethereum in 2023.
Take a look at other Dex223 development reports.
We are in the home stretch and are making the final modifications in preparations to the launch in October. Launching the DEX requires a security audit in first place. We need to make sure that all our contracts will not get hacked and we need to set up a system which would allow us to prevent funds losses should any unexpected behavior be detected.
In the first week of September the contracts will undergo an internal review once again, the documentation and bug bounty terms should be finalized and in the second week of September we are planning to proceed to the auditing stage.
Most of the frontend core features (trading, providing liquidity) are finalized already so we are polishing what we have.
At the time of DEX launch we will need a list of assets that we are going to support on Ethereum chain.
We are also looking for new projects that would be willing to list on Dex223. In order to streamline the process we will be creating an open github repo that would described the application process as well as provide the team's response. This applies to listing in the default token list on Dex223 only.
Note that there are 3 methods of listing a token to Dex223: (1) default token list reviewed by Dex223 team, (2) tokenlists.org and (3) auto-listing smart-contracts.
If you are a token developer and you would like to list your token on Dex223 for free - feel free to contact our team via telegram https://t.me/Dex223_Defi or write a comment to this gist's comment thread.
At the moment of Dex223 deployment there will be no governance features available. We are planning to support this features in the future and we began to work on defining the technical specifications for this.
Voting will be handled through the "staking smart-contract" for D223 tokens.
We have finished the margin trading UI design. The margin trading smart-contracts ABIs are also finished and they are unlikely to change which will allow the frontend developers to start working on the UI implementation.
Margin trading smart-contracts logic is still in progress.
We have discovered that EOS EVM testnet is experiencing severe problems related to the implementation of new features that EOS (Antelope) developers have planned.
Unfortunately for us, DAPP developers, it actually means we have no option to properly test our smart-contracts.
As the result we will most likely proceed to testing on EOS mainnet as long as the deployment costs remain cheap enough.
As we are moving closer to the launch we need to convert the D223 tokens that were distributed during the first private sale on CLO chain.
We will publish the migration process details on 14th September. Most likely the conversion will be handled automatically by the Dex223 team but this mostly depends on ETH mainnet gas fees.
Auto-listing UI is live https://test-app.dex223.io/en/token-listing
Default list applications will be linked as soon as we release the github repo to handle the process.