May 4
Bonfida Exclusive: Edition #9
We’re back with the monthly catch-up session #9. We worked on finessing some of our products which included a batch domain name resolver, a new skin for the token vesting program, a simple swap UI and more.
$FIDA gets listed on yet another exchange and the Solana Name Service (SNS) broadens its reach in the ecosystem through partnering with 4EVERLAND, YAWWW and Squads protocol to name a few.
Here’s your month’s recap in under 5 minutes.
Announcements
Bonfida x 4EVERLAND: Point your website or Dapp to an SNS domain
4EVERLAND, a Web 3.0 cloud computing platform, has integrated SNS to provide domain name owners with a one-stop SNS + IPFS website hosting service. This allows users to easily deploy websites and decentralized apps and directly point them to a .sol domain.
The 4EVERLAND integration highlights the value of SNS in the sphere of Web3 by aiding it in reaching its full potential of censorship resistance and decentralization.
For more information and a full guide on the integration refer here:
https://bonfida.medium.com/bonfida-x-4everland-point-your-website-or-dapp-to-an-sns-domain-195a4eeb96d7
Solana Domain Name NFT Marketplace Expansion: YAWWW
This month we further expanded SNS listings on the P2P NFT marketplace, YAWWW. They have created a safe and sophisticated platform for P2P NFT trading which now includes our very own .sol domains.
First lending pool on Project Larix
Larix kicked off their lending launchpad featuring Bonfida as their first pool! The Bonfida pool is made up of 3 assets; $FIDA, $SOL & $USDC — where users can earn dynamic APY interests after lending any of those assets.
The lending pool saw great success with a TVL of $4.5 million within just an hour, making it the largest Bonfida Pool at the time.
Start lending your assets here.
$FIDA Listings Grow
Gemini lists $FIDA, making it the 6th global exchange to list $FIDA in the last 4 months. It has been a whirlwind of listings and we are honored to be associated with these well-established names backing our token.
A comprehensive overview of $FIDA listings can be seen below.
Integrations
Soda Protocol x Solana Name Service
Soda Protocol has completed their SNS integration with Soda ID. Soda ID is a DID service platform where you can get full ownership of your financial identity based on on-chain and off-chain data.
Soda ID hopes to start from Soda and become an open protocol for industry use. Any other platform can query user behavior statistics and scoring model results. These statistics can now be queried by simply searching and/or following a registered Solana domain or Twitter handle! SNS making life simple once again.
Transact with SNS Using PocketPay
The decentralized noncustodial wallet, PocketPay, has integrated the Solana Name Service. This totals a number of 11 top Solana wallets that can be used to easily send and receive payments via .sol domain names and registered Twitter handles.
For a full list of wallets that support the Solana Name Service, you can refer here.
Squads Protocol and Multisig Transaction Capabilities
Squads is an on-chain program that allows teams to manage digital assets, create proposals together and more. The Squads integration enables teams to initiate a multisig transaction to send assets to a .sol domain name. This is the first of a series of integrations to come, so keep an eye out for more!
Developments
New Skin for Bonfida’s Token Vesting Program
Bonfida’s easy-to-use and free token vesting contract has seen a complete revamp. This facelift helps lay out information in a more understandable way making it an even more popular choice in the Solana ecosystem.
Check out the new UI:
And have a look at the in-depth guide here:
https://docs.bonfida.org/collection/vesting-contract/introduction
Bulk Domain Name Resolver
Searching for domain names one by one can be a tedious and tiresome process. For that reason, our devs have created a batch domain name resolver where you can search up to 50 domains at once. Once searched you can efficiently scan the status of all your desired domain names in one go!
Check it out:
https://resolver.bonfida.org/
“Just a Simple Swap”
Gone with the old and in with the new. Another improvement includes the DEX — this has been transformed into what we like to call just a simple swap. What more do you need? Practical and efficient.
Bonfida Token Swap:
https://dex.bonfida.org/
A New Vault-Watcher Program: Protect Your Funds
Developers, this one’s for you. We have created a new vault-watcher program which is an easily deployable security utility to monitor mission-critical token accounts in real-time. The program’s Slack compatibility makes it an early warning system detecting unusual discrepancies in account balances. This’ll aid in detecting critical bugs in production systems, intentional attacks resulting from contract exploits, key theft, rogue agents/team and more.
Sometimes it’s as easy as noticing suspicious behavior ASAP, let’s make the ecosystem better together:
https://github.com/Bonfida/vault-watcher
Solana Name Service Growth
It’s another great stretch for the Solana Name Service statistics. The consistent growth manifests that the Solana Name Service is truly the standard for transacting in the ecosystem. This month we are nearing another milestone of almost 170K domain names registered and over 46K Twitter handles.
Monthly Buy & Burn
$FIDA burned in April was 64,446 which is $72,179 USD at the current price. This totals 339,351 $FIDA for the year so far. Remember, 10% of $FIDA burned is distributed to stakers.
For more information on the Buy & Burn program read:
https://docs.bonfida.org/collection/bonfida/how-does-it-work
Up and Coming: Website Overhaul
Speaking of developments; we have been hard at work to create a UI/UX worthy of the products and services we offer at Bonfida. Over the past year, we have grown exponentially and the Solana Name Service progressively became more and more multifaceted and inherently a little more complex to navigate and adopt new users.
Therefore, the main goal at hand is to improve our existing user base’s experience and make it increasingly accessible for new users to adopt and become a part of our community.
In the upcoming month expect to see major changes to our website. Think sleek and sexy, with an easy-to-use e-commerce feel. Here’s a sneak peek!
Closing Statement
Thank you for joining us for this month’s quick catch up session! See you next time with Edition #10.
Until then, be safe and take care.
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None of the above is financial advice.
Bonfida does not provide services to residents of Belarus, the Central African Republic, the Democratic Republic of Congo, the Democratic People’s Republic of Korea, the Crimea region of Ukraine, Cuba, Iran, Libya, Somalia, Sudan, South Sudan, Syria, Thailand, the UK, the USA, Yemen, Zimbabwe and any other jurisdiction in which accessing or using this website is prohibited
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Follow us on our socials to keep up to date on any announcements.
TG Announcements: http://t.me/BonfidaANN
Telegram: https://t.me/bonfidatg
Website: bonfida.org
Twitter: twitter.com/bonfida
Community Forum: https://forum.bonfida.org/
Medium: https://bonfida.medium.com/
Price Chat: https://t.me/FIDAtrading
Chinese Chat: https://t.me/bonfidacn
