Amara Latest Progress from September to October | EN
Update on Oct. 19th
In October, the AmaraLend beta global testnet campaign held by Amara is drawing to a close.We received more than 40,000+ addresses, and a total of 10,000+ users submitted the form. Thank you very much for your participation and support.
At the same time, Amara has also made a lot of new progress in technology. After the launch of AmaraLend beta, AmaraLend v1 has accelerated its research and development. AmaraLink beta is officially launched for users to make a test assets transaction.
The following are the details:
Chapter 1 Technology development:
AmaraLink beta is officially launched, connecting Moonbase and Polygon testnet
In early October, the Amara technical team officially launched the AmaraLink beta. AmaraLink beta is deployed on the Moonbase Alpha (Moonbeam testnet). It connects the Moonbase Alpha and Polygon testnet and supports cross-chain transfers of four test assets: BTC, DOT, USDT, and KSM.
The completion of the AmaraLink beta has laid a solid foundation for the next official deployment on the Moonriver network.
Learn more:
https://www.youtube.com/watch?v=-j0Pzd7LN6w&t=30s
Airdrop DApp development is drawing to a close and goes to the alpha stage.
We developed the Amara Airdrop DApp to realize the intelligent distribution and claim of airdrops for users. Users can log in to the Airdrop DApp,verify whether they have the qualification of airdrops and claim the airdrop without paying a handling fee.
At present, the development of Airdrop DApp is drawing to a close and entering the internal testing session. After the test, it will be launched timely with the result of the airdrop.
AmaraLend v1 has been improved and continues to optimize
After the launch of the AmaraLend beta, the Amara technical team immediately started the development of the AmaraLend v1 version. According to the suggestions from Beta, AmaraLend v1 has been improved and continues to optimize the interest rate model and the liquidation model.
AmaraLend v1 is expected to officially meet users in 2021 Q4.
The Amara team is doing the research and demonstration of AmaraPay. It will be a milestone in Amara’s development
AmaraPay is another important product of Amara besides AmaraLend and AmaraLink. AmaraPay focuses on the payment aspect of DeFi. It is determined to become the top underlying infrastructure payment tool in the Polkadot ecosystem and truly bridge the gap between traditional finance and digital finance. Currently, the Amara team is still demonstrating the lending through technical research. It will officially be a milestone.
The AmaraLend NFT point system will be released after AmaraLend v1 goes online.
The AmaraLend NFT is made according to Zapper’s point system. Users can earn points and improve the level by doing daily or weekly tasks. Users can receive NFT after reaching the corresponding level. Users don’t need to burn their tokens to mint NFT, but receive it with a negligible handling fee being charged.
For now, Amara NFT is still in the finalization stage of the design. NFT is an important tag of Amara core users, and also an important passport to the graded rights of the platform. Amara NFT holders will be considered as the core members .
Ambassadors who have already passed the 1st round selection and perform well will enjoy the opportunity to directly get NFT without using points.
Chapter 2 Ecological operation
AmaraLink made its way to the finals of Shanghai Wanxiang Blockchain Hackathon and will have a project roadshow
Wanxiang Blockchain Hackathon has been incubating talents and ideas for the global blockchain industry since 2016. Under the theme of “Digital world 2077”, 2021 Wanxiang Blockchain Hackathon focuses on integrating blockchain and other digital technologies, such as 5G, AI and IoT to accelerate the digital transformation of various industries.
In the current hackathon, Amara submitted AmaraLink as the entry project. AmaraLink is an encrypted data conversion center between Polkadot and other public chains, building a bridge for data communication between Polkadot and other public chains.
Learn more:
https://hackerlink.io/buidl/1373
The number of Amara community users have achieved growth, and the enthusiasm of community users is keeping rising
From September to October, Amara community users have achieved sustained and rapid growth. The number of community followers is at a record high and the enthusiasm of community members is on a delight rise. We have nine overseas communities at present including Russian, African, Chinese, Turkish, Vietnamese, Indonesian, Indian and Bangladeshi, etc.
At present, Amara is maintaining a healthy momentum in developing global communities around the world. Among them, Russian, Ukrainian, Turkish, Chinese, Indian, Vietnamese, etc are particularly prominent. Driven by the active promotion of Amara’ ambassadors, the number of Indian communities has grown rapidly, Turkish communities have planned a lot of promotional activities, and Russian community, led by several ambassadors, is extraordinarily productive, which is worth mentioning, Next, Amara plans to invest more resources in non-English speaking communities to further expand Amara’s global reach.
Till October 14th, 2021, Amara Twitter’s followers is up to 43000+, Telegram group members are over 44000, and Discord 34000+.
The AmaraLend beta global campaign ended successfully, and the team is organizing airdrop forms.
On October 7, 2021, the three-week AmaraLend beta global campaign ended successfully. According to the data on the chain, more than 30,000 addresses participated in the interaction, and more than 17,000 users submitted the form.
The Amara team is speeding up to do the review for the final list of airdrop winners. It is expected to be released together with the Amara Airdrop DApp. We will announce the results and make an airdrop claim accessible soon.
Amara global ambassador program is ongoing with 221 pre-ambassadors onboard for now
Since Amara launched the global ambassador program, we have received more than 500 users’ applications from all over the world and 221 stand out. Amara official ambassadors will be selected during the probation. At present, 221 pre-ambassadors have been proactively extending the global presence of Amara and playing an irreplaceable role in Amara communities growth.
Amara global ambassador program is still ongoing, welcome to join us！
About Amara Finance
Amara is a top lending protocol within the Polkadot ecosystem. It highlights a multi-chain assets lending protocol AmaraLend and an asset cross-chain protocol AmaraLink. AmaraLend Beta has been deployed on Moonbase Alpha testnet and it plans to be officially deployed on the Moonriver network. Amara is striving to be the most popular lending market in the short term and introduce possibly more assets into the Polkadot ecosystem.
Follow Us
- Webiste：https://www.amara.link/
- Discord：https://discord.com/invite/rhkyBmmCBf
- Telegram：https://t.me/AmaraFinance
- Twitter：https://twitter.com/AmaraFinance
- Medium：https://amara-finance.medium.com
