Kriya Community Update #1

Our first progress report

Our aim with these progress reports is to briefly reflect on what happened over the past few weeks as well as share with the community, what exciting things are in the pipeline in the future.

Transparency is one of our core principles and given we’re building in DeFi, it matters even more. With this campaign, we’re trying to build accountability toward the community among each of our team members. As a business, it helps us get quicker user feedback by building this relationship with ya’ll 😁

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Well, it’s been a hectic week for the team, but a fulfilling one to say the least!

Here’s what we’ve been up to:

• Preparing the discord server for phased public access (there are still 2 days left to comment and be eligible) 🚀

• Partnering with 2 DApps from the Mysten-backed Sui Ecosystem, Announcing soon (Hint: prepare for the most seamless wallet experience on Kriya) 🤝

• Getting the Kriya Spot DEX ready for launch (ITS THIS WEEK!!!!) 🔥

• Revamped the Efficacy Labs landing page (Check out the products section)

• Raised some funds 🤫

• Joined crypto twitter with a bang 🚀 (honestly, humbled by the support guys)

• Kept grinding towards building the on-chain perp orderbook 🛠️

Don’t be surprised, DeFi protocols are built by real people not robot backends and PFP frontends :)

Upcoming Plans

The spot DEX is just a start, it isn’t the key value prop. Its main purpose is to ease the bridging of collateral and liquidity across multiple derivative markets on Kriya

• We’ll be releasing documentation on the architecture and margin engine of our perpetual exchange here

• Releasing mock UI of the orderbook exchange, get feedback on the ease of use from our community

• We’ll formally start an early user incentivization program, some hints:

  • Reward for proof of early social belief

  • Reward for beta testing

  • Reward for liquidity

• Hiring: We’re looking to hire a full time community manager and a UI designer to work with our Design lead

• Liquidity is essential for leveraged products, especially intelligent liquidity. In the coming weeks, we’ll be aggressively seeking strategic partnerships with

  • Spot DEXs on the Sui Ecosystem

  • Protocols bridging ETH, BTC on the Sui Chain

  • Crypto hedge funds, market makers, swing trading whales

If you fit into any of the above sets please reach out here, we reply within 24 hours 100% of the time!

Subscribe to this newletter and our twitter to stay updated with our progress. We look forward to your continued support! 😊

Onwards and upwards 🚀