Yield Gets Real.

New brand colors were delivered to production servers, as well as a bunch of minor UI tweaks and fixes, which improve stability of the UI and enhance user experience. The Minterest team prepared the code for the new security audit. This includes increasing of NFT life span and change of the native token ticker.

The web services are updated to support on chain liquidation – preparing input data, processing outputs and logging the flow. The infrastructure of Minterest now handles on-chain events with grace. Successful liquidations no longer require reserves on a market to liquidate an insolvent position – flash loans are now used to repay debts

Offchain liquidation services are adapted to the new on-chain logic and are able to properly track borrowers and their states. New data types and adapters were also implemented to support the new liquidation flow.

We’ve rolled out various User Interface enhancements on our production servers. These updates include additional navigation options accessible from the Supply transaction success modal. We’ve also streamlined the pages by removing redundant NFT data since NFTs are not yet active.

Our off-chain algorithm has been optimised for 1-to-1 liquidation logic and flash loans, a significant improvement over the previous all-to-all approach. Debugging and identifying the best liquidation pair are now quicker, further enhancing our platform’s efficiency.

The library is migrated to a new version, the usage of older editions is no longer possible. That is why our web developers had to integrate the new version of WalletConnect and implement all related supporting features. This fix is soon to be delivered to our users.

We’ve designed deploy scripts, simplifying the process of integrating new liquidation contracts into different environments. These scripts establish smooth connections with existing protocol instances.

The Flasher handles flash loans, DEX swaps, and liquidation profit. Its complete with unit tests and ready for auditing and Ethereum main net testing. Both Liquidation and Flasher contracts also underwent benchmark testing, offering insights into gas consumption per transaction. This valuable tool aids future gas optimization efforts.

The tooling was conservated for some time, now the team can operate using best practices and proper quality gates like unit tests.

This contract is an orchestrator of the flow, not the executing contract and is responsible for validations, seize of collateral, API to get data offchain, internal calculation logic. All the pieces are now ready to work with flash loans.

Fixed an issue where users with only 1 activity in the protocol money markets caused their Available MNT count fluctuate after first full period (30 days) of unlocking occurred. Total MNT rewards were not affected.

Users can now see their NFT boost as a separate value for each market.

We have launched our MVP for Risk Gauge. Where users can see their portfolio risk in 72h timeframe in the scale of 0-100.

Fixed the Title position and pie chart alignment within the block.

We introduced an API endpoint functionality that calculates the probability of default for a given portfolio using collateral and borrowing data. The tool enables monitoring the overall health of a selected portfolio by assessing the risk over the next three days.

Users can now see their Portfolio distribution on both Supply and Borrow side, shown as pie chart.

Users who connected to Minterest with Safari and WalletConnect were disconnected from App after manual refresh.

On market details page – in gauges area now it shows “Your Total supply or Borrow” amount, instead of  Your <Token> amount.

Users can now see disclaimer that NFT boost is not enabled during Private launch.

Minterest updated Opensea NFT collection link from opensea.io/collection/minterest-nft to opensea.io/collection/minterest

All compact numbers globally are now converted to X.XX format at all times.

Users who only supplied to different markets once and had Governance participation turned on did not see Governance reward APY.

The USDT token smart-contract does not allow approve operations if the spender already has an allowance greater than zero.

The % sign was accidentally added, and has now been removed, on the NFT boost displaying the Tier.

The gas prediction modal has been hidden while the team works to improve its accuracy.

Users can now see quick links to the most important pages, like FAQ, community channels, code repository and Terms of Use.

Standard Emissions APY and NFT Emissions (“NFT boost”) APY are now displayed separately for clearer messaging.

A message will appear to enable supplied assets as collateral to increase borrow capacity if it is not currently enabled.

A message will appear to enable governance participation to receive staking rewards if it is not currently enabled.

Users can now see the % sign more clearly inside the NET APY gauge, including displaying the % sign when hovering on elements like “Emissions.”

Fixed minor UI issue on the markets overview page that affected the layout for tablet users only.

UI improvements have been made for users who withdraw all of their positions since they will still have fractional amounts of assets (dust) left in the protocol.

During Private Launch phase, users without NFTs will be provided a tooltip message on the Supply and Borrow buttons that a Minterest NFT is required in order to use protocol features.

Users can now see each market Net APY on the respective market page when solely borrowing (not supplying).

Users connecting their wallets can now see protocol total supply and total borrow amounts in USD.

Users can now see the amount of total MNT Rewards earned including both withdrawable and locked MNT rewards.

The tooltips inform users that both Stake and Withdraw MNT features are disabled during the Private Launch phase.

Minterest NFTs are needed to use the protocol during the Private Launch phase so the button links to Minterest’s OpenSea NFT marketplace.

The charts require significant updates to provide more meaningful information to users so they have been hidden for the time being.

Integrated Manual Swap Manager into all inquisition services and adjusted the codebases to increase the efficiency of the protocol.

Bring in gas price prediction to set the correct gas for swap/transfer transactions and prevent tx from hanging.

Improved performance of modals related to transaction success. The update affects all modals that display transaction success messages with transaction details: Supply, Borrow, Withdraw, and Repay. Made the Transaction ID clickable for a better user experience.

Renovated the autostaking feature design in accordance with the latest Minterest UX/UI guidelines. We’ve updated error, success, and other modals related to autostaking.

Compressed images used in the app to impact loading speed and improve search engine performance.

Revamped the loyalty reward logic to incentivise a wider range of users, substitute the buyback discount curve, and allow users to withdraw some amount of their income without losing the loyalty factor.

Developed a prototype to test tools that will allow users understand their portfolio risk in a better way and borrow safely.

Made some improvements on the app loading speed

Rolled out Blocknative integration to connect wallets

Updated the logic of receiving oracle prices and filtering out suspicious results

Made some more progress, got borrower tracking running reliably

Updated the design of the Connect Wallet modal dialog for connecting the wallet with the Minterest application across all the devices, including Desktop, Tablet, and Mobile.

Optimized rendering for on-site charts in Safari and Mozilla Firefox browsers. Streamlined UI experience related to the Total Returns and Total Net APY charts.

Revamped the vesting widget with new designs. The new layout explicitly displays how updated tokenomics applies to all vestings. 

Updated the following modal windows: Enable Collateral, MNT Staking and MNT Withdraw. Optimized the modals for Desktop, Tablet, and Mobile access.

Specified internal and external interface classes to ensure that our contracts meet current industry standards and provide the necessary security for all parties.

Added some improvements to the Total Net APY chart data with newer optimisations.

Fixed a bug with connecting Metamask from the Firefox browser. An error message was shown before when the user tried to connect their wallet via metamask in Firefox.

We have added a new navigation UI on the website that makes it easy to access all the Minterest-specific product offerings and information.

Asset logo images used to load extremely slowly on the Safari browser. This issue has been fixed by re-working the frontend code and design assets.

We are constantly improving and adding new features to our automated liquidations mechanism, this time with the liquidations tracker v2.0. More details will be shared in future tech insights.

Added the performance monitoring to some of our internal services for Indexer API. The system triggers an alarm in abnormal cases.

We have made some more security improvements to the new isolated production infrastructure by moving production hosted zone into the corresponding environment.

The current logic works in such a way that during the delay period, the boosts from the NFT or BDR are divided into a delay and a normal part.

At the moment of transition from delay period to claimable period – we use the final MNT index of the market in order to separate the delay part for the period, but delayEndIndex is taken from the market storage, i.e. no boosts will affect it, and as a result, the delay part is calculated only for diff = delayEndIndex – lastMntUserIndex, and the boost is calculated without any correction factors.

We are moving our services to the private subnet in order to follow security guidelines. ECS and Lambda services will be able to reach the database from the private subnet via the private endpoint (restricted IP addresses).

We have fixed the deploy scripts, deploy configs, and deploy checks according to current Solidity Architecture. We have also enabled CI pipelines for deployment checks.

We have set up the CI/CD for production off-chain services. The new CD pipeline will update the containers with each commit along with a Slack notification.

We have added the relative time instead of absolute time for the vesting schedule with a condition that vesting schedule has not been started in the past. 

We have added some backend API changes as it was necessary for the new contract architecture. The changes will soon be reflected in the new documentation. 

We are adding AML integration to the MNT contract using a dedicated API that will allow the AML contract to define whether or not the user is blocked specifically for MNT operations such as transfers.

Currently, the Approve and Supply needs two separate transactions. We plan to do both of these in one single transaction using a Multicall feature that uses signed data within the Supply transaction to approve the allowance.

Customers can now close the Connect Wallet modal if they opened with a direct link. For logged in customers, the app page is loaded and the Connect Wallet modal opens automatically.

We have added a dedicated transaction cost calculation mechanism for liquidation transactions. There are three different transaction costs involved, i.e., the weight of the liquidation transaction + exchange transaction + protocolInterest replenishment transaction. The new mechanism will involve the subsequent adjustment of the algorithm to make it more efficient.

We have added infinite scrolling with a scroll bar in the table that displays all the transaction history of the user in case the data doesn’t fit on a single page. Instead of moving across several pages, users can see everything in one place.

We are refining the Net APY formula in the protocol calculations to include net annual rate across all the markets and added a filter that displays the correct value on the front-end UI.

In addition to USD denominated positions, users can now see their positions in any of their designated crypto assets, which include BTC, ETH, or any supported asset in users’ portfolio.

We have added a dynamic time selector for three charts: Market Historical Yield, Total Returns, and Total Net APY. Users can switch between yearly, monthly, and daily charts, based on the availability of data.

To make Minterest protocol easier to interact with and used by other devs and tools, we build APIs with comprehensive documentation.

We are improving our indexer API logging to allow us to have all the useful information upon calling different endpoints. The new indexer-API service will print information about all the requests.

We have added a failsafe mechanism in our indexer that pulls NFT data from IPFS to avoid getting errors that occur occasionally during the parsing of NFT data.

We are adding admin modifiers to the Chainlink oracle feed contract that allows us to implement a fallback oracle provider to get MNT price on the mainnet.

We have added a new feature into our charts where Y-axis will display negative values and an UI enhancement where larger values do not go beyond the chart labels to make them better readable.

Our markets overview page is now responsive in accordance with the design changes that is more seamless and intuitive for customers on mobile and tablet.

We have added a new borrowing model that adds a hard cap on the borrowing limit. When a customer enters a larger amount, he is restricted to the MAX borrowing limit set by the protocol on a pool-by-pool basis.

We have added a new feature under the portfolio dashboard where we will display smaller amounts (less than $1,000,000) up to 2 decimal places and completely omit the decimal places if the amount is larger than $1,000,000. 

We are improving the flow for our production environment by setting up CI/CD pipelines to automate the stages of the production environment that will give us better control from integration and testing phases to delivery and deployment.

We have added three new sorting rules where customers can see larger markets on top. Customers can sort by Total Lent, Total Borrowed, and under their portfolio dashboard, they can sort by LENT so they can see bigger markets first.

The Minterest admin role can now disable borrowing functionality for selected markets to allow for liquidity build up within those markets before borrowing action is performed.

WalletConnect has been integrated as part of our wallet integration roadmap. Undertaking wallet-triggered blockchain transactions with WalletConnect to verify the flow.

The swap router algorithm has been re-written to improve swapping of exchange pairs more efficient. Undertaking current unit testing.

A new feature has been added that allows the withdrawal of all the possible MNT sources, which include available MNT wallet tokens, staked tokens, and vested tokens

Major UX improvements have been made in the desktop version of the app for a more snappy and intuitive experience.

Ledger Wallet has been integrated as part of our wallet integration roadmap. More wallet integrations to be announced soon.