Stairway to Ethereum: the upcoming launch of wPOKT

whyclosedsource · August 7, 2023, 7:44am

PNF will share a proposal for a wPOKT Uniswap LP liquidity strategy to the forum for consideration in the course of w/c 7 August (if not before)

looking forward to updates

Dermot · August 7, 2023, 5:41pm

Latest update on timelines and what’s up next on the roadmap

Dermot:

Update on 7 August

All initial wPOKT development sprints have been completed.

A contract has been signed with Halborn to start the audit of the wPOKT bridge and smart contracts by 21st of August.

Subject to final testing and QA, as well as alignment around the launch plan with all relevant launch partners, we are targeting Monday 18th of September for the official launch date of the wPOKT liquidity pool and the accompanying incentives (separate post to come later this week on this). The bridge app itself will likely launch at least a week before this date, to enable live testing and for anyone to mint wPOKT to ahead of the liquidity pool launch.

the wPOKT budget has committed to spending $100,000 out of its $150,000 budget to date, with additional reserves of $25,000 made to cover all Ethereum gas and infrastructure costs related to the actual launch of the bridge. A full breakdown of actual spending will be provided at the end of the project, and any excess funds will be returned to the DAO’s treasury.

here is the code for the wPOKT back-end system: GitHub - dan13ram/wpokt-validator - note that PNF will manage and control all of these “validators” as part of the initial launch of this MVP.

here is the wPOKT smart contracts repo - GitHub - St4rgarden/wpokt at test_staging

Raid Guild has set up a demo bridge between Pocket Testnet and Ethereum Goerli Testnet using three validators for testing purposes. Feel free to explore and test it: https://wpokt-demo.vercel.app/

The demo app’s code is available here: GitHub - dan13ram/wpokt-demo

Please note that the demo was built mainly to test the backend and the core bridging process.

Since SendWallet does not support POKT testnet, RaidGuild just added a sample pocket CLI command to the UI for sending POKT tokens to the vault and left it as such.

In the final mainnet bridge UI, Metamask and SendWallet (as well as any other suitable POKT wallets with a browser integration) will be supported for the best possible UX for all users.

Please explore the links, test the bridge, and share any feedback!

whyclosedsource · September 3, 2023, 5:04pm

how was the feedback?

Finalise wPOKT audit by august

Dermot · September 4, 2023, 4:17pm

Latest update and special thanks to @h5law for introducing Halborn for the audit!

Dermot:

Update on 4 September

We are now on the final stretch before launch!

Halborn audits of the smart contracts and back-end have been completed and all remedial actions have been taken. The reports are to be released by Halborn in the coming weeks

The main bridge site and the wPOKT token will launch on Wednesday 20 September, which will allow POKT holders to lock up their POKT holdings and mint wPOKT

The Uniswap v2 wPOKT/ETH pool will launch on Monday 25 September (more details on that to follow in the liquidity thread)

DAO-sponsored incentives for the Uniswap pool will commence on Thursday 28 September. The gap between the launch of the Uniswap pool and the start of the incentives is to allow people enough time to add liquidity to the Uniswap pool so that they are eligible for the incentives as soon as they start.