Amara Bi-weekly Report| Token airdrop is about to start, the new white paper is officially released

Amara Finance
3 min readJun 3, 2021

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Hello, everyone !

Welcome to Amara Biweekly Report, which is regularly updated. Here we publish the latest developments of Amara’s projects. If you have any comments and suggestions, you are welcome to contact us via official channels.

Amara official channels:

Webiste:www.amara.finance

Telegram:https://t.me/AmaraFinance

Github:https://github.com/AmaraFinance

Twitter:https://twitter.com/AmaraFinance

Medium:https://amara-finance.medium.com

Technological development

Recently, each module of Amara v1 has basically completed the functional testing and entered the stage of scene experience testing. The price-feeding module, the liquidation module, etc. have started the stage of scene adaptation optimization. In view of recent extreme market conditions and DeFi security incidents, Amara conducted a liquidation test under extreme scenarios and checked its own security module.

The details are as follows:

Amara v1

The H5 full-function test of Amara v1 main system has been completed, and it has entered the stage of continuous optimization of data display and interactive experience.

The integration of Amara v1PC has been completed, more than half of the logic development work has been completed, and the optimization of interactive experience and resolution adaptation is in progress.

Price feed module

The centralized module for the price feed subsystem has been integrated into the main system of the platform, and the relevant test feed price is normal.

Liquidation template

The development of the centralized module of the clearing subsystem has been completed and is currently in the testing phase. The unit test and the integrity function test are normal. After the test is completed, the decentralized deployment is carried out.

The clearing system conducts extreme scenario simulation tests to verify the accuracy and consistency of data and data display under abnormal conditions.

MaraLink

The Amara technical team cooperated with the Phala Network team to propose an asset data cross-chain solution-MaraLink. MaraLink is a multi-signature threshold technology chain bridge based on TEE trusted computing, which can realize Acala/Solona data and asset cross-chain that takes into account security and privacy.

Learn more:

Amara Officially Released A Multi-signature Threshold Cross-chain Bridge based on TEE Technology — — MaraLink

Community operation

Recently, news about Amara’s community operation has been spread frequently. Amara has been actively talking with outstanding peers including Phala Network, Polygon (Matic), Solana, etc., and seeking pragmatic cooperation. The details are as follows. In addition, the latest version of Amara’s white paper has been uploaded to Github, and users are welcome to check it out.

New white paper released

The latest version of Amara’s white paper has been uploaded to Github, and the community is welcome to view it. The main content of Amara White Paper v0.9 includes Amara product form, asset model, technical architecture, community governance, etc. The update date is May 2021.

Join in the beta test registration to get token airdrops

Before Amara V1 beta testing, Amara will open the registration channel for beta test, and users who have successfully registered will receive token airdrops. In this activity, there will also be exclusive benefits for early ACA users. At present, the preparatory work of the activity is proceeding smoothly and is nearing the end.

It will be officially launched in early June. Stay tuned.

Learn more:

Event preview: Join in the beta test registration and get millions of tokens

Community ambassador recruitment program

Amara plans to launch a community ambassador recruitment program, which is still under improvement. The recruitment rules will be officially announced to the public when the recruitment is finished. And the community ambassador will have priority to enjoy the relevant benefits of Amara.

Recruitment is ongoing

Amara team recruitment is ongoing, including contract development engineer, overseas operations, Chinese operations and other positions, welcome to join us.

About Amara:

Amara is a multi-chain assets lending protocol within the Polkadot ecosystem, focusing on open, privacy preserved, multi-chain lending markets. Amara seamlessly connects mainstream digital assets and top rated long tail assets that improve overall liquidity and expand the DeFi horizon. To achieve these goals, one of the top priorities would be building the bridge based on TEE trusted computing. Eventually, we want to become the hub of lending and exchange in the crypto world.

Follow us:

Official website:www.amara.finance

Twitter:https://twitter.com/AmaraFinance

Telegram:https://t.me/AmaraFinance

Github:https://github.com/AmaraFinance

Medium:https://medium.com/@amara.finance

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Amara Finance
Amara Finance

Written by Amara Finance

Focus on efficient circulation and none-gap value transfer among Polkadot ecological assets.

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