Shareslake Status Updates

Every Sunday we publish a status update describing the work that was done during the week. Come here every Week to be informed about what we did or which are our next steps.

11/13/2022

At the end of the next week we will be in Lausanne for the Cardano Summit!

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11/06/2022

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10/30/2022

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10/23/2022

During this week we dedicated a lot of time to bureaucracy, but still, we worked on the following points:

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Remember the voting for the Cardano Summit mainstage speakers finished on October 24th. Help us by voting for Shareslake under the stablecoin category!


10/16/2022

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We achieved all the goals we planned for the week and focused on understanding how to attract more people. We found a way of enabling redemptions without harming the initial liquidity bootstrapping. We will be enabling redemptions during the next week and continue focused on catching more Redeemable users.


10/09/2022

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This week has been more focused on talking with people, learning what Cardano community want and thinking how to improve Redeemable liquidity and trust.

The goals for the next week are to allow crypto payments, at least with ADA on the dashboard, and allow to mint Redeemable directly on the Cardano network. We will also continue talking with other projects and working to increase people trust in our stablecoin.


10/02/2022

We became the first ever Cardano stablecoin!

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During the next week, we will continue putting effort into increasing Redeemable circulation and adoption. Listing the bridge in Dapp browsers, improving the UX for getting Redeemable directly from the dashboard, and continue sharing information about how Redeemable works.


09/25/2022

Everything is ready to bring the first Cardano stablecoin to Cardano mainnet!

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During the next week, once the Cardano nodes and db-sync finish sync, we will be opening the bridge to the public, bringing to Cardano the first "stablecoin".


09/18/2022

During this week we focused on finishing all the bridge aspects so we can open it the next week. The opening of the Shareslake bridge is a really important step in our development because it could bring to Cardano ecosystem not only the first ever backed "stablecoin" but all the Redeemable features.

If you still do not know why Redeemable is better than a simple stablecoin, check out this other article.

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During the next week, we expect to open the bridge to the public if everything goes as expected.


09/11/2022

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09/04/2022

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During the next week, we plan to publish the binaries for nodes version 1.35.3 and associated tooling. We will continue with the bridge, with luck we will start with the UI.


08/28/2022

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During the next week, we will continue working on the bridge. We consider the Cardano bridge as a pillar in Redeemable adoption. We will also start to put extra effort into increasing Redeemable circulation, starting with a significant reduction in dashboard fees.


08/21/2022

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It was a great week with plenty of work done. During the next one, we plan to add the Dapp connector bridge to the dashboard so it can be listed in wallets browsers, continue working on the new bridge version, work on attracting more people to the Shareslake ecosystem (we are especially looking for SPOs), clarify website information, improve our documentation, ...


08/14/2022

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Since we focused on the dashboard publication we had no time to work on the bridge. The dashboard is required to acquire Redeemable, thus it is currently the most important part. During the next week, we will be publishing the dashboard and overseeing its work.


08/07/2022

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We did not have time to automate the dev-nets we require for the bridge testing so we will start with that during the next week. Also, we will check the possibility of publishing the dashboard limiting the transaction amounts to avoid breaking regulations.


07/31/2022

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During the next week, we will start to review the dashboard's implementation to ensure it follows the AML program, we will start to implement tests for the bridge and dashboard including development networks and we will continue working on the legal side.


07/24/2022

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During the next week, we have some meetings scheduled with banks, we will continue working with our attorneys to set up the reserve and we will continue the bridge development.


07/17/2022

We spent the week mostly continue working on the bridge.

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During the next week, we will continue with the development and talk with attorneys about how to properly release the dashboard. Also, we will continue looking for a custodian for the Redeemable reserve.


07/10/2022

During this week we have started to work on a new two-way bridge to allow the movement of Redeemable between Cardano and Shareslake. This will ship the Redeemable benefits to the Cardano ecosystem and will allow the interoperability of both networks.

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07/03/2022

This week was focused on looking for the reserve custodian.

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Finding the proper custodian for the reserve is getting more time than expected. In the meantime we will be working on the second version of the bridge, that will allow sending assets in both directions.


06/26/2022

Great things happened during this week!

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During the upcoming week, we will continue working through our MSB registration and looking for partners for reserve custody. The dashboard is ready to be published and more and more people are asking about how to obtain Redeemable. We will be trying to find a way of allowing the acquisition of Redeemable even before the treasury is set up under third-party custody, we already have one possibility but incurs many fees for the users that we would like to avoid.


06/19/2022

During this week the version of Eternl wallet supporting Shareslake was released. Those users who have Redeemable can now easily create transactions using Eternl.

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During the next week, we will work on some infrastructure improvement tasks such as improving monitoring and login stacks, will configure the dashboard production deployment, and will continue with legal requirements such as AML programs.


06/12/2022

During this week we have focused on continuing with the dashboard creation and legal stuff. The dashboard is almost ready, and once we obtain some information we will be able to publish it.

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During the next week, there is some planned disconnection time for the team, so we expect to publish the first version of the dashboard within two weeks.


06/05/2022

During this week we focused on legal requirements and bureaucracy as well as building the dashboard to interact with the reserves and publishing the information about the refactorization.

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During the next week, we will continue working on the dashboard so people can continue acquiring Redeemable as soon as possible through the new platform. We will also start to create the required processes for AML.


05/29/2022

This week has been focused on preparing the refactorization of the Redeemable coin. It will become a fully collateralized coin that will preserve the purchasing power of people over time. Below are the most important points we have been working on during the week.

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During the next week, the website will suffer a refactorization of its content and the new documents about the Redeemable will be published.


05/22/2022

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05/15/2022

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05/08/2022

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05/01/2022

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04/24/2022

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04/17/2022

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04/10/2022

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04/03/2022

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03/26/2022

Destacable News

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03/19/2022

Destacable News

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03/11/2022

Destacable News

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03/04/2022

Destacable News

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02/25/2022

Destacable News

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