Reporter’s Eyes: Arweave DeFi Inventory in 2023

Author: Adeola, Translator: Zwi, Source: PermaDAO

DeFi is a major use case for blockchain technology. There are not many DeFi projects in the Arweave ecosystem, but these projects provide excellent decentralized financial services in the ecosystem. The growth story of DeFi on Arweave would not be complete without the contribution of everVision. Its two products, everPay and Permaswap, provide payment function support for many projects in the ecosystem. When Verto ceased operations, Permaswap filled its void.

everPay

everPay It is a product of everVision, a gasless multi-chain real-time payment protocol built for Arweave and other public chains, in the field of decentralized finance of the Arweave ecosystem played an important role. In 2023, everPay processed more than 20.6 million transactions across 16,564 wallets and 29 listed tokens, including $ANS, $MAP, $ACNH, and $AIKEK. The project has done a good job of proving throughout the year that its use cases are not limited to payments, but has expanded into becoming a tool for other projects to build payment architectures; it also supports tipping in Discord and other social applications, and even in NFT-related events.

everPay is considered by many to be the easiest way to earn $AR in the Arweave ecosystem. It partners with Decentland Labs’ Arweave Domain Name Service (ANS) to support the trading of its domain names. It also provides payment services for many projects, including PermaDAO, Metabox, Rareweave, 4EVERLAND, and Molecular Execution Machine. Especially for PermaDAO, everPay plays an important role in incentive distribution and ensures convenience, contributing to community development.

In order to improve user experience and security, everPay has released Risk Address Detection Capability. This feature ensures that fraudulent addresses are flagged and transfers to that address are not allowed for security purposes. It also adds the ability to help hide its assets on the app and automatically calculate gas fees.

The project also releases integration tools for developers. It released a Python SDK and JS SDK to make everPay easier to integrate into Java Script and Python projects.

Glacier is a composable, modular, and scalable L2 data network project built for large-scale Dapps and GenAI. It also benefits from everVision’s infrastructure tools, including Arseeding and everPay.

To ensure that Web2 users have access to Web3, everPay has partnered with Legend Trading to support cryptocurrency purchases using 40 fiat currencies. everPay has also partnered with Asia Digital Bank, working with MIST TRACK to power its anti-money laundering API and financial security. In addition, everPay has greatly lowered the barrier to entry to Web3 by introducing EverID, which allows users to log in via email. Among them, when the EverID test network was released, more than 100 people participated in the test. In July, everPay surpassed 1 million transactions and released an overview of its ecosystem members, broken down into different categories such as network protocols, wallets, and partners. Then in September, everPay reached 10 million transactions and optimized everScan to improve user experience. After optimization, everScan supports searching using ANS, data loading speed has also been improved, and it also supports viewing transaction statistics.

For Web3 projects, how many transactions they can handle deeply affects how seriously they are taken. Toward the end of the year,everPay demonstrated the strength of its infrastructure through tests that proved it could process more than 250 million transactions a day. The project also improves node operations by simplifying the process of starting new nodes, allowing new nodes to start in seconds.

Overview:

https://twitter.com/everVisionHQ/status/1686010347533066241?s=20

Permaswap

Permaswap is built by the parent company everVision based on the everPay protocol and is a real-time cross-chain decentralized exchange in the Arweave ecosystem >, with features such as 0 gas fee, 0% slippage and 100% permanent. It launched its testing phase about a year ago after completing two test networks. Even Forward Research, Arweave’s R&D incubator program, is excited about this achievement. Heading into the first week of testing, the numbers are impressive. Within four months, Permaswap trading volume topped $2 million. In less than two months, Permaswap open sourced its client, so that users no longer need to worry about application security issues, making the network more transparent and promoting secondary development. Permaswap also announced that its liquidity crossed the $250,000 mark.

The first PST token listed on Permaswap was $ArDrive, followed by $STAMP, $ANS, $ACNH, $ARCO, $AIKEK, etc. Later, it also launched a new $U token, becoming the only platform that can redeem $U. It also issued a security audit report and stated that the BlockSec audit team did not identify any high or medium security risks. Following the release of the audit report, Pwrmaswap issued punitive measures against bad users in order to maintain a healthy network.

The project supports community members to participate in building its platform, one of which is Tongchuang Permaswap’s dashboard competition. Another example of Permaswap welcoming community participation is the establishment of the Permaswap Project Guild (PSPG) at PermaDAO. In May, Permaswap released a new dashboard that supports functions such as liquidity pool analysis, user analysis, order data and overview. Permaswap has released a number of features on its platform throughout the year, one of which is privacy settings that allow users to hide their assets from being exposed to unauthorized users.

Permaswap has also updated its API to better improve the user experience. One of Permaswap’s first integrations includes using RedStone as a price data source for the Arweave token. In addition, the cooperation between Permaswap, everPay and Legend Trading can be said to build a bridge between Web3 and Web2. Permaswap has also explored the world of NFTs, providing support for an NFT auction program run by everPay that also serves as a ticket to liquidity mining events on Permaswap.

Permaswap:

https://permaswap.network/#/

Permaswap Twitter:

https://twitter.com/Permaswap/status/1625496396462960645?s=20

Permaswap Project Guild:

https://medium.com/permaswap/the-psp-guild-has-been-established-join-us-lets-build-together-as-one-349e5b2eb5ca

< strong>BazAR

BazAR is a digital content marketplace launching in mid-2023. It aims to become an atomic asset market with $U as the means of payment. As an atomic asset market, assets can be stored as Arweave IDs. This enables users to ensure that their assets are fully stored on-chain andcannot be deleted or modified. Atomic assets can be split, and the BazAR Market inherently supports this functionality. It operates similarly to the user interface of the Universal Data License and Universal Content Marketplace. BazAR supports Universal Data Licensing (UDL) from the beginning, which allows content creators to set programmable parameters for atomic assets, such as the length of the license term, the currency used for payment, and the license fee. UCM is a decentralized protocol designed to facilitate seamless trading of various digital assets on Permaweb. It is not limited to trading NFTs, but can also trade images, music, videos, papers, domain names, components, and applications. BazAR filters content based on the number of Stamps of atomic assets and displays it on the ranking list, thereby providing users with a better experience. BazAR expands its use cases while also demonstrating composability by allowing Fair Protocol’s AI-generated content to be sold on its platform. In addition, it has launched a series of NFT artworks for several atomic assets.