Our current progress and anticipated next steps
Fermi DEX v0.1 - Demo of just in time settlement on one market. (April 2023)
Fermi DEX v0.2 - Utilisation of same liquidity across markets and across applications via approvals and delayed transfers. (August 2023)
Fermi DEX v0.2 - Additional essential functionality, including order cancellation and funds withdrawal. (September 2023)
Release of devnet SDK - allowing MM's to easily detect when orders are filled, and to auto-formulate finalise transactions. (September 2023)
Fermi DEX v0.3 - Update to include penalties for failed order settlement, and other incentives to ensure high finalisation rate. (Decemeber 2023)
Fermi DEX v0.3 testnet launch - With a frontend for easy interaction, and audits of core functionality. (February 2024)
Integrate features from openbook v2 - including additional functionality such as auto-editing orders based on oracle prices etc, as well as additional customisation options for trades and counter-parties.
Implement production scalability in all data structures using appropriate zero copy usage.
Implement Single-tx. market orders for compatibility with Jupiter Aggregator.
Build custom frontend functionality for all workflows (i.e. LO, finalize, auto-finalize, finalize, direct, market order, market-order-specific).
Build an SDK for easy interaction with Fermi Programs (TS)
Build an SDK for easy interaction with Fermi Programs (Rust)
Implement reputation scores, allow people to place orders that only match with counterparties above a certain finalisation score.
Offer-As-Code - template middleware (LMPs) programs that allow liquidity to be fetched from other platforms, for order finalisation.
Fermi v1 mainnet soft launch (with ordersize/effective Liquidity caps)
Fermi v1 full launch (with lifted caps) [Q4, 2024].
Implement tokenomic rewards for volume and liquidity metrics. [Q4, 2024].
Fermi DEX v2 - with customisable settlement periods upto t+1 days, taker rebates to compensate for price movement or other costs incurred due to delayed settlement.
Allow people to narrow down counterparties by settlement period.
Built-in portfolio margining strategies for more passive market making approaches.
(Possible) - Integration with cross-chain liquidity aggregators, to potentially fetch liquidity from other chains autonomously
Last updated 9 months ago
