Yoo anon, suppp? This month Risedle Core team is productive as ever. We’ve got a lot of updates to share, so let’s get started!
Risedle x Tribe DAO
We are now part of Tribe DAO Core contributors. Risedle Core Team want to build the best leverage platform on top of Rari Fuse or die trying. We think that most people don't realize how far we can go with this.
If you follow our github updates channel on discord, we have been openly building the next version of Risedle Leveraged Tokens on top of Rari Fuse. We called it Fuse Leveraged Tokens (FLT). FLT is just a start, expect us to build more stuff on top of Rari Fuse and ship it on every chain supported by Rari Fuse and its official forks.
Fuse Leveraged Token (FLT)
Fuse Leveraged Token is leveraged tokens powered by Rari Fuse. FLT aims to simplify the process of opening, managing, closing leveraged position and protect users from liquidation. By letting users buy Fuse Leveraged Token, Risedle can helps users to enjoy leveraged gains by simply holding a token and eliminate the intricacies of managing a conventional leveraged position as users are not required to maintain margin or their position health ratio.
We have not introduced new leveraged tokens other than ETHRISE on our v1 release. We believe that the current version still need to be improved before adding new asset. The FLT is the answer for this.
Unlike the previous version, the Fuse Leveraged Token is designed in such way that users get protection against liquidation, while market makers are well-incentivized to execute the rebalancing process.
It’s more capital efficient, rebalancing is now incentivized, and many more improvements. We will shares more details in the coming weeks, right now u can heads up to our docs to learn more about it.
New Member of Risedle Core Team
Adam is now part of Risedle Core team. Adam and Mathew have been building the best user experience visioned by Ayik. While we are only handful of small team, expect us to build the best user experience on this space.
Minor UI/UX Improvements
We have a lot of update on the Risedle Interface, these includes:
- Two-layout for product details page
- New portfolio page
- Performance improvement on the product detail page
Currently we have not deployed it to the production, but you can try the latest version of Risedle Interface here. Hopefully we can ship it to you soon as possible.
What’s Next?
Here is incomplete list of stuff what we have planned to do or release next month.
Security Audit for FLT is Scheduled on April 1st
The smart contract for Rise Token (2x Long Token) is 100% ready. You can access the source code here. We have booked ABDK to audit the codebase on April 1st.
Ethereum Mainnet Launch
We have deployed the Rise Token to the Ethereum mainnet but it’s currently for internal testing only. The smart contract is available here:
- UniswapAdapter https://etherscan.io/address/0x487a3428123bd4b103f6838d266a0f86e4eedaad
- RariFusePriceOracleAdapter https://etherscan.io/address/0x9cebd726500f4654468d1faf48174c5db9742416
- RiseTokenFactory https://etherscan.io/address/0x88a9a1C78448e21a41567291dc104dd059C75aB8
Most likely we will deploy gOHMRISE to ETH mainnet and of course we will also deploy it on Arbitrum to support MAGICRISE, DPXRISE etc.
Hopefully there are no security issues, otherwise we will redeploy it again the patched version.
New User Experience
We are very motivated to built the best user experience on the DeFi space. Here’s sneak peek of the new interface that we are working on:
About Risedle Protocol
Risedle is a leveraged position tokenizing protocol. It aims to simplify the process of opening, managing, closing leveraged position and protect users from liquidation. By letting users mint leveraged tokens, Risedle can helps users to enjoy leveraged gains by simply holding a token and eliminate the intricacies of managing a conventional leveraged position as users are not required to maintain margin or their position health ratio.
About Risedle Labs
We are core contributors of the Risedle Leveraged Token protocol.
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