TL;DR
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Full Story
In October, We continued to make progress on multiple fronts to expand the connectivity and features of applications powered by ICX. Balanced’s front-end launch for both Stellar and Solana through November. Meanwhile, the first contracts for Intents-based trades and the ICON Network Solver have been deployed to mainnet and are being testing with our relays.
🌐 Relay v2 Development: The development of the ICON contracts and Solidity contracts necessary for the relay upgrade has been completed. In November, we plan to deploy these upgrades to the testnet and continue work on contracts written in Move, Rust, and Soroban.
🟧 Stacks Integration Progress: The integration work for Stacks is now complete. We are currently making plans to deploy GMP and Balanced contracts to the mainnet and connect our relays to Stacks. We envision spending at least a month on the mainnet to thoroughly test the stability of our relays.
🪐 Stellar Mainnet Deployment: The audit process for Stellar has been completed, and we are now coordinating with our partners at Stellar for the official launch.
☀️ Solana Integration Update: There was a small delay with the Solana integration due to an issue regarding how tokens are created in a new user’s wallet. We’ve been working on a solution and have it live on the mainnet now. This delay has not prevented the ICON network from acquiring SOL as part of its Network-Owned Liquidity (NOL), but it did impact the front-end launch schedule. An official launch is expected in November.
🔮 Intents Development: The first set of intents contracts have already been deployed on the mainnet, and we are currently testing them with our relays. In late October, we also began testing with the solver to further optimize all components.
🧩 ICON Network Solver: The first iteration of the solver is now live on the mainnet, and initial trades have been successfully tested. In November, we will focus on optimizing the solver’s code and its performance on the mainnet.
💧 Cross-Chain Liquidity Provision (LP) and Rewards: This new feature will enable users to supply liquidity natively from their own chains. For example, Injective users will be able to provide liquidity to the INJ/bnUSD pair without needing an ICON wallet. This project is being rolled out in three phases:
Phase 1: Implement cross-chain liquidity provision.
Phase 2: Introduce cross-chain rewards distribution, allowing users to earn rewards without needing an ICON wallet—extending to the cross-chain savings rate as well.
Phase 3: Enable BALN staking on any chain, allowing users to stake their BALN tokens directly from whichever chain they are using.
Phases 1 and 2 are currently on the testnet, with a mainnet deployment planned for November.
These updates reflect our ongoing dedicated efforts to enhance interoperability and ensure robust security across our blockchain integrations. We remain committed to transparency and diligence as we move forward with these integrations and enhancements to the ICON ecosystem.
With progress being made simultaneously across various integrations, follow along with our progress on the integrations milestone board.
📅 October’s Accomplishments:
Commenced building the ICON network solver for SUI and ETH pairs.
Commenced external Audit for Stellar contracts.
Commenced development on relay security update for ICON and Solidity contracts.
Continued work detailed documentation for balanced spoke contracts.
Continued work on stability and performance of the Relay.
Continued integration testing for Stacks implementation.
Developed intent contracts for Sui and Solidity.
Deployed and tested intent contracts on Sui and Arbitrum mainnets.
Reviewed and tested code for cross chain LP and rewards.
🎯 November’s Goals:
Commence second audit for Move contracts.
Continue testing of intents contracts in production with the ICON network solver.
Continue testing the solver on mainnet and make optimisations.
Develop intent contracts for Stellar and cosmos chains.
Develop Balanced Intents SDK for front ends to use.
Deploy and test cross chain LP and rewards distribution on testnet.
Deploy cross chain LP and rewards distribution on mainnet.
Deploy Balanced and GMP contracts to Stacks mainnet for testing.
Finish discovery work to enable BALN staking from any chain.
Relay upgrade - ICON and EVM contracts integration and testnet testing.
Relay upgrade - Cosmos and Sui contracts development.
A Milestone board for ongoing integration efforts can be found here.