Originally published 23rd July 2021
Acuity atomic swap decentralized exchange gears up for alpha testing
The Acuity DEX is approaching minimum viable product. To begin with it will have a simple pair ACU / ETH. It will be possible to trade ETH stored in Metamask for ACU stored in the Polkadot browser extension. The Solidity smart contracts and the Substrate pallet are both mature. Development of a Rust-based off-chain worker to index the order book continues. Basic UI is coming together.
We will be adding many more pairs in future, including all ERC20 tokens, Avalanche, and Substrate chains that have enabled a supported pallet (Acuity, Contracts, or EVM).
Support for trading with Ethereum via new layer 2 technologies like Optimism and Abritrum is a major priority to reduce transaction fees.
Acuity parachains airdrop
In order to fully take advantage of the Substrate parachain system, the Acuity blockchain will be federating into 3 parachains and a relay chain. This will increase the scalability, security and flexibility of the whole system. The current ACU blockchain will become the Acuity DeFi parachain. The two new parachains will be:
- Acuity Feeds (ACF) - for feed based social content like Twitter and YouTube.
- Acuity Topics (ACT) - for topic based content like Reddit.
A snapshot of all ACU balances will be taken and the new blockchains will be started. Each ACU holder will receive a balance of ACR, ACF and ACT equal to their balance of ACU.