Bismuth Team Progress Report – May 2021

in #crypto4 years ago

progress_report.png

This report covers April 21, 2021 to May 20, 2021.

Let’s cross these bridges right now!
Most of the news for this period are related to the DEX listings and related bridges, see below!

Hypernodes

Current Hypernodes ROI is 18.2%, down from 19.5% in April. We count 249 active Hypernodes with a total amount of active collateral of 6,950,000 BIS. That’s an increase of 18 active nodes since the last report.

hypernodes.jpeg

Data from the Hypernodes page.

The plot below shows all Hypernodes, both active and inactive, during the last 60 days. As can be seen from the plot, the number of Hypernodes is currently at 312, down by 3 nodes since the last report.

nodes-month-may-2021.jpeg

Total number of Hypernodes, both active and inactive.

The plot below shows the total Hypernode collateral, both active and inactive, during the last 60 days. As can be seen, the total amount of collateral is 8,450,000 during this period. The total amount of BIS in circulation is 28,03 million. Hence, the amount of active collateral accounts for 24.8% of the total supply, or 30.1% if the amount of inactive collateral is included.

collateral-month-may-2021.jpeg

Total amount of HN collateral, both active and inactive.

Ecosystem

Tornado Wallet

Thanks to our pluggable wallet architecture, it’s easy to add features to the wallet and that’s what we did for both ETH and BNB decentralized bridges. You can swap between BIS (native) and wBIS (ERC-20 or BEP-20), 1:1, right from your Tornado wallet.

Two releases of the Tornado wallet were therefore pushed. You can always find the latest one in the release section of the Tornado Wallet Github (direct link).

tornado.jpeg

Exchanges

Main work since last progress report has been revolving around Uniswap and Pancake Swap listings.

In addition to opening Bismuth to larger existing communities, this was also a way to showcase Bismuth flexibility and strong features.

Decentralized, bi-directional bridge with a custom Bismuth protocol
ETH and BSC oracles – Yes, oracles, live on Bismuth!
Flexible wallet with a plugin architecture, allowing direct integration of the bridge in the wallet.
Seamless operation since the bridges started.
In addition to the purely technical work of creating the bridges themselves – and related smart contracts on ETH side – significant work has been put into the related components: doc, tutorials, videos, press releases, validating accounts, requesting logo and info updates, creating liquidity pools and farms, managing the telegram and new users questions…

Please read the complete "Bismuth Progress Report - May 2021" at:
https://hypernodes.bismuth.live/?p=2897

Links:

https://bismuth.cz https://bismuth.finance

Explorer:
https://bismuth.im

Chart Data:
https://www.coingecko.com/en/coins/bismuth