Wanchain Community,
This new year has started off with a bang! The month of January was an extremely productive month for the Wanchain ecosystem with the introduction of WanFarm planned for release later in February, and the launch of the third storeman group, let’s dive into some updates and take a look at Wanchains vision for 2021!
Our latest roadmap has been released! Before you continue reading, get up to speed with the milestones we have set out for 2021 where we will be expanding the number of chains connected by our decentralized cross-chain technology, and fostering the development of applications that benefit from using our tech, and much more!. Read more here.
January brought along a change to the storeman delegation ratio, increasing it from 1:1, to 1:5. This allowed the total amount of Wan locked on Storeman to continue its explosive rise from 10M last month, to 14.63M now! The third storeman group has now begun, and we can expect to see some important upgrades to the cross-chain mechanism during this cycle. Read more about the third storeman group and the important upgrades coming up here. Deep dive into Wanchain’s cross-chain developments here, and here. You can delegate to storemen or validator nodes from both our desktop and mobile Wan Wallets, get started here!
WanFarm, a yield farming DeFi DApp to be deployed on Ethereum later in February, aims to promote a series of coins and tokens, such as wanBTC, wanDOT, wanXRP, wanEOS, wanTRX, etc., on mainstream public chains to be cross-chain integrated into Ethereum, which contributes sufficient liquidity to these AMM DEXes (e.g., UniSwap, SushiSwap) on Ethereum, and offers richer types of borrow & lend cryptocurrencies for lending dapps (e.g., Compound, Aave), so as to make Wanchain cross-chain assets form a scale effect in the huge and rich Ethereum ecosystem. Read all about WanFarm here!
We have seen the cross-chain wrapped value increase significantly from $3.5M last month, to $6.5M now, and a lot more WanSwap and WanLend liquidity and volume! Check out the latest WanSwap statistics here, and the latest WanLend total supply and borrow markets here. WanSwap has also made its way to the Wanchain Mobile Wallet allowing you to swap assets on the go!
Noah Maizels joined Wanchain as marketing manager in 2018 and later moved to the role of Director of Communications. After playing a key role in Wanchain's content creation and community development over the past three years, Noah will now shift to an advisory role. He's not about to be leaving the Wanchain family any time soon, however. In fact, he will be shifting his efforts to focus on FinNexus, the Wanchain ecosystem project which he has been with since its inception and which has seen explosive growth in recent months.
Don’t forget to catch the latest updates from the Wanchain team in our latest episode of WanTalk! Watch it here:
We aim to make 2021 a massive year for the Wanchain ecosystem as a whole! Thank you to the community and our very hard working ambassadors for helping grow this ecosystem. You guys rock!
See you in the next update!