The future Biswap course is all set, and the team is ready to showcase it to you in this article. The Roadmap includes multiple releases and aspects of the project’s further growth. The whole Biswap team approached its creation with responsibility. We carried out strategic planning, gathered community opinion and analyzed the vision of all stakeholders of the project.
Having researched the crypto market, current and potential trends, its volatility and rapid change, the team’s focus remains on DEX. Our goal is to provide our users with a unique experience among the DEXs on the BNB Chain.
In the Roadmap, you will find the strategic goals of Biswap for the upcoming year. There are essential developments in Q1 and Q2. After their implementation and analysis, depending on the market situation, the Biswap team will review the plans for Q3-Q4 and present them to the community.
We definitely have our internal action plan that is built on three fundamental pillars:
- Constant development
- Improving experience with existing features
- Biswap ecosystem expansion
Let’s move on to the Roadmap!
🔸Perpetual Trading (ApolloX)
Taking into account the market trends and the unstable situation with certain CEXs, the Biswap team was tasked with developing a concept and coming up with the implementation of decentralized futures trading (with an on-chain order book in the BNB network).
We have conducted an in-depth study of futures trading. As a result of assessing the necessary resources for implementation, prospects and risks of making our own decentralized futures on the BNB Chain and understanding our community’s request, the team concluded to connect a ready-made solution from ApolloX at this stage of the product development.
The team’s primary focus in 2023 is to improve Biswap DEX. This vector will impact the product and the BSW token best in the long term.
🔸New Lock & Burn Instruments for BSW
The Biswap team has come up with several initiatives to reduce the pressure on the Biswap native token price and to provide opportunities for greater earnings to the long-term BSW token holders. Each initiative will be explained in detail and offered to the BSW Holders for voting. If the community accepts these initiatives, they will be put into operation.
The Biswap users highly requested this feature. It will give our non-English speaking users more accessible entry to the platform and smooth the experience of using it. We value each member of our strong Biswap community and want users from all over the world to understand the product better and use its market benefits even more effectively.
🔹New AMM Protocol
It is a technological step in the Biswap development. The new AMM protocol with concentrated liquidity will allow Liquidity Providers to accumulate their capital to smaller price intervals than from 0 to infinity, increasing capital use efficiency and providing users with more profitable exchange conditions with less slippage.
Implementation of the new AMM protocol will have an impact on the following:
- Higher profitability for Liquidity Providers from trading fees. As a result, it will lead to an increase in the trading volume on the platform.
- The ability to reduce impermanent losses by concentrating liquidity in a certain price range that will improve conditions for Liquidity Providers.
- Build conditions to reduce the BSW token emission and strengthen the token itself at the expense of the profit increase for Liquidity Providers from trading fees.
- The rise of trading volume will affect the budget for Earn and Burn directions.
📍The team will publish an announcement on social media with detailed information about the new AMM protocol closer to the release date.
It is a process enhancement of automatically finding the best accessible routes for any particular trading pair with the ability to use all available liquidity.
Routes optimization improves the exchange conditions for users, allowing them to make larger transactions with less slippage. It will also enable Liquidity Providers to enlarge the capital utilization efficiency and receive more rewards from trading fees.
We take education and keeping our users up to date very seriously. That is why we will provide you with an easy entry into crypto and DeFi in one place — the Biswap Blog.
It will become a place of power for those who love to replenish not only their earnings but also their knowledge. Guidance and information received in the blog will become your faithful ally.
❗️Important to note:
After Q2, the Biswap team will conduct a Roadmap review. Depending on market conditions and the community’s request, the plan for Q3-Q4 may be adjusted.
Upgraded voting on Biswap will give more freedom for users to express their thoughts and empower the community’s opportunities. BSW Holders will be able to create voting proposals and influence Biswap’s development with their ideas. The Biswap team will analyze the proposals and the community’s support towards them. The best ideas will be included in product releases or get to the Core voting.
The Biswap team values our users’ feedback. We believe that we will build a global project together by creating the right synergy between the product and Biswappers.
🔸Biswap Liquidity Widget
As part of the Biswap ecosystem expansion, we will create a widget that will increase trading with Biswap Liquidity and make it more convenient for users to exchange tokens. It will be available for implementation on third-party products.
Comfort has been and remains a high priority for us when using the platform. So during the year, the team will implement several initiatives to develop the user experience and simplify the use of the platform. The Biswap design team will significantly uplift user experience and show you a fresh perspective.
As part of this plan, the team will provide users with more analytical data on their interaction with the platform. The user-oriented tools are:
- Notification System
It will be implemented directly on the Biswap website. This will help to keep users informed about significant changes on the platform, such as voting, new features, updates, events, etc.
- Users’ Dashboard
A tool that will give the users the ability to track analytical data about themselves and their assets on Biswap.
- Achievement System
New interactive opportunities, like Weekly/Daily tasks, will be opened for users. More details will be provided closer to Q4.
- Personal Account
A place where users can view their personal data and general Biswap statistics once they connect their wallet. This feature will make it possible for users to analyze their operations directly on the site without using third-party services.
This Roadmap only includes some of the features and directions the team plans to develop in 2023. However, we want to keep you updated on our progress and future actions.
The Biswap DEX’s first aim is to build a long-term perspective platform with a unique user-oriented experience. We appreciate the commitment you have shown us all this time!
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