2022 has certainly been a tough year for everyone. Many collapsing exchanges, products, and portfolios. We are lucky to be in a place where we can keep building for the future and make sure that we are around and prepared for when things begin to look up. While many have been wondering if there will every be another cycle, we feel that this is a rather silly question. In comparison to its traditional counterparts Defi (and other aspects of crypto / blockchain ) are simply able to move far too quickly and innovate in a permissionless manner to be held back for too long.

Which is why we are here to give you an update about what is being built and what we plan to build in 2023. Making sure we stay committed to helping individuals in this space, become less reliant on others, and take back the ability to operate confidently.

As many know, if you have been following us, we have been working on the cross chain swaps for quite some time. For those who don’t know this will allow users to swap across multiple chains using multiple exchanges. While we would have liked to have completed this product already and pushed it out for all to use, especially with the concern of centralized counterparts, the complexity of such a task was something that we underestimated. Especially from a front end perspective. However with the help of an outside group we are making solid progress and it shouldn’t be too much longer.

Outside of cross chain swaps we are working on several other products in various stages of R&D. All of which we will release more information on as time goes on. But each having a focus on helping users generate yield on a variety of assets in a sustainable and simple manner. The goal is, and always will be the same. Make products that try to help users in one way or another.

Outside of development we have also been very lucky to build a great community of extremely intelligent and quality people. Without them we literally would not exist. So before signing off and heading into 2023 we want to say thank you to all of you who have stood by us, supported us, and even challenged us on existing assumptions.

We can not wait for 2023 and the years to follow. No matter what happens we will also be here building, working to create a better space for everyone involved.

Thank you and Happy New Year

     - The Mugen Team