Disclaimer No disrespect intended by this proposal - I have 0 insight as to the technical and creative challenges of creating the V3 front end, and I am sure a lot of work and thoughtfulness has been put in already.
Humbly asking, would it be possible to hire/consult/collaborate with the design team who created Hatom-affiliated https://www.syfy.io/ for the v3 upgrade? It is clear they have masterful quality and I believe the Xexchange deserves the same caliber of visual.
If anyone has seen the https://www.syfy.io/ website, I think this is incredibly visually appealing and more in line with what I expect for a top Dex on a next gen L1 such as we have.
I would be willing to commit 50% of my XMEX, and perhaps more, if cost is the prohibitive factor for achieving this aesthetic. Perhaps others would also be willing to invest.
For many Defi enthusiasts, the Dex is really where they will spend the most time interacting with MultiversX and it becomes a representation of the whole ecosystem, and the whole ecosystem would benefit from having a ultra cool design such as Syfy has.
Once again - sorry if this is offensive or impossible - no disrespect intended.
What you are asking with that design is not rocket science it is UFO science. Look at this team, after all these years they canât deliver a proper MEX utility, they canât deliver a competitive DEX, they canât deliver improved finality ( txs & site, look how smooth onedex is working), they canât deliver limit orders after so long requested thing ( not to mention about futures because they will resign if so), they canât deliver a REPLY at least here on Agora ( this is dead). What you are asking from them, it is faaaaar away from âŚ.
Please donât be disrespectful to the team You can share bugs / improvements or anything that would help xExchange, but this doesnât help at all.
And actually, it would take us an infinite amount of time to do it because this is not something we are going to do, just because we donât think it is something worth the effort.
@bnistor4@rocko Please go on https://battlenet.xexchange.com/, the xExchange v3 that should be released on mainnet in September, and share your feedback. This would actually be useful. Thanks!
Itâs becoming difficult to maintain respect/confidence for the team, especially after attending XDay, where I vividly remember what was saidâand more importantly, what wasnât. (mex)
Q4 2023.
That being said, I will still provide feedback, but I canât ignore that Iâve lost confidence in the current xExchange team due to the lack of transparency especially when i see this situations.
I read your tweet explaining the reasons for the delays, but that information should have been shared months agoânot at the end. It would have been much more honest and transparent for the community, especially considering how xExchange has slowed down the development of other projects as well.
That said, I hope for a better future. Letâs get back to work
Could you please share the URL?
Note that xExchange V3 was supposed to launch in Q4 2024; however, it was already too late to announce the delay in March.
I announced âETA: Q4 2023â which means âEstimated Time of Arrival: Q4 2023â. I never promised it will happen in Q4 2023. It was never âsupposedâ. It was just âestimatedâ. You might think Iâm playing on words, but the terms are important.
However, they were significant delay, too much than what could have been okay, and I did a public communication to explain and apologize. I learnt from this and wonât announce an ETA anymore, as (1) people donât understand what they mean and (2) it is too hard to predict accurately, especially when this is said that much in advanced.
Even this being said, I really donât see how it deserves âdisrespectâ. We have never lied, Iâve always communicated my mistakes, the team has always been full speed ahead to deliver asap. I really donât see how it deserves disrepect. I do understand you are pissed it took (way) longer than expected, but it is far from justifying disrepect. But it is my personal opinion.
And @bnistor4 I do appreciate a lot all your feedback. A lot of your historical feedback has been heard and has helped shaping the xExchange v3 as it is (the beta was way different from the mainnet).
Thank you in the meantime for your response and I want to explain more so that we can move forward and not bring rancor in the future.
You see my anger and cynicism but I want to be clear where it comes from.
It comes from various things:
âavoidingâ giving explanations for MEX during xDay. For me to have an xDay and COMPLETELY avoid mentioning MEX is a joke to the users. â one of the most important reasons for me to
making 1 year go by and not communicating in the meantime about delays (it changes a lot between saying it in the meantime or at the end)
making the launch of hatom booster v2 wait.
not being able to do a freaking 1 btc swap. I had to do 2/3 times forward back via bridge because on the exchange (in the ecosystem) there is no liquidity.
Extras:
from the fact that Multiversx in years, rarely met a date, but continued (at the time) to persist in providing dates without being completely transparent.
âJust saying, we canât, weâre sorry, but for this reasons we canât met the date for x reasons.â was enough.
from the fact that there are projects like xFabric that died. It was supposed to be the innovation, yet it may never come to life 100 percent. And everyone avoids the topic.
We only heard from a Robert space that it will not be launched in the next period/year.
And maybe there are other things that I donât remember.
The point is that we want more transparency, the community has been asking for it for years. And we want to avoid word games and childrenâs stories.
If there is a delay, just say so, we understand Better the truth than puns to soften the pill.
And by that I want to give an example:
Auto claim, if Iâm not mistaken it was supposed to be a feature in v3.
Why isnât it there? Is it going to come? Because it wasnât mentioned.
Just say âhey, itâs late, weâre sorry we couldnât for this version but it will come we didnât forget! Unfortunately it is more difficult than expected for x reasons.â
For me personally this has a much greater value and is much more respectable than avoiding talking about it.
Caught up in anger, I said âwith the current team xExchange is doomed to fail.â (donât get it personal)
Iâll explain why:
In a world where we know full well things change overnight, taking 1 year to do âa restyleâ (this is what the average user sees and some donât even like it) is like driving around the track in a VW Beetle when others have Ferraris.
As Davy said: Point is we need more. Startups have to iterate, experiment, change continuously with new stuff.
Instead of saying âthey didnât communicateâ why didnât you ask whether they did?
what?
How is missing liquidity the fault of Lucas or xExchangeâs communication? This is an issue of liquidity/incentives/efficiency (CLMM could improve this).
he did. You just said that he never communicated it, which was a lie. So clearly you didnât understand.
I am 99% sure you are mistaken, This was not supposed to be a feature in v3.
Hey @bnistor4 , thank you for sharing more in depth your thoughts
Commenting the various things causing you anger and cynicism:
âjoke to the usersâ: to investors you mean? Because with v3 we want MEX to be out of the way of the user experience and it is better for users not have to care about it, only for people that want. And we did mention boosted metastaking and MEX in the conference. Just not a lot. What would have you wanted to be done?
âmaking 1 year go by and not communicating in the meantime about delaysâ: there are at least 6 communications I can count regarding the advancement since the xDay. Not sure what you mean here?
âmaking the launch of hatom booster v2 wait.â: The changes done in v3 were mandatory for their booster to be done. What is your anger against? That we didnât do the changes faster?
ânot being able to do a freaking 1 btc swapâ: is this a complain to xExchange or generally speaking to the ecosystem? Can you do such a swap on AshSwap, OneDex or any other DEX?
âMultiversx in years, rarely met a date, but continuedâ: This seems to be something not specific to xExchange? For xExchange, I learnt very hard my lesson and this wonât happen anymore for the time Iâm here (even though it is really impossible to be extremely sure about a launch date).
âxFabric that diedâ: first, Iâm not even sure myself about the status of xFabric. And it doesnât seem to be related to xExchange?
âIf there is a delay, just say soâ: isnât this what we have been doing lately? Or maybe you are making a general comment unrelated to xExchange?
âAuto claim, if Iâm not mistaken it was supposed to be a feature in v3.â In march we announced it wonât be part of v3.0 + at the launch, we announced that all the rest that is not coming in v3 will be part of subsequent releases. So basically we said it twice. You can still say it is not enough or not done well enough but we did it.
âavoiding talking about itâ: I donât know if you are making a comment for xExchange or MultiversX itself. I can tell you it is far from what we want and are trying to do. Again we communicated on all this lately (since March) and Iâve learnt my lessons hardly on this. Iâve also taken 1 hour of my day to write this message, even though I have a team to manage, users reporting bugs to me, and a lot of things going on. Just to prove that I really donât avoid to talk.
â1 year to do a restyleâ: it is veeery far from it.
âsome donât even like itâ: please let me know who and what Any real user of the DEX so far have been extremely happy with the changes (of course, there are things to be adjusted). The persons that donât like it (with anger, pissed) are the investors because the MEX token is not performing well and the context is very negative. What I mean is that we should not confuse users and investors. And I very much feel the investors too.
âwith the current team xExchange is doomed to fail": Iâve read your post and the post of Davy.
a. First I think you and Davy assign to the xExchange team things that are not caused by the xExchange team but I wonât tell more as Iâm under NDA.
b. Second, I think we all agree on the things we want in xExchange (great UX, great liquidity (concentrated liquidity), great trading experience (limit orders), etc). Things have just not been done in the order you would have liked (we did great UX first, boosted metastaking, etc), but all the topics are going to be worked on.
c. For v3, we prioritized delivering the things promised and fixing the things broken:
we delivered the boosted metastaking promised in v2 but that was not delivered
we fixed a ton of things at the user experience level. We did a lot of user interviews (with users, not investors) and users were extremely confused in xExchange, not understanding the energy at all, the different products, concepts, the different flows to provide liquidity, farm, staking, etc
we also fixed some bad problems (to my opinion) at the smart contract level: in v2, users had to have only 1 EGLD-XMEX pool or farm position, therefore anytime they were increasing their position, it was postponing the unlock date. A lot of users complained about this.
So the purpose of v3 has been to deliver the things promised but not delivered (basically what you complain about) and to fix all the things that needed to be fixed. It is not sexy, it is far from the things that I personally would have liked to work on, but it was the highest priority things to do for the users (not the investors once again).
I was also not expecting it to take 1 year. I announced ETA Q4 2023 because at the time, from all the internal discussions I got with the different persons involved, I really thought it was doable. It was very off. I apologized and learnt very hard my mistake.
d. Now that v3 is behind us, that a ton of things have been fixed and that promised things have been delivered, we will start the journey of adding more things. But we wonât communicate on anything concrete or give any ETA yet, as as mentioned Iâve learnt my lesson.
âStartups have to iterate, experiment, change continuously with new stuff.â: I canât agree more with this. The only thing is that you have no idea what went under the hood. When I tweeted that for the team it feels like xExchange v10, it is because we have iterated a ton and changed a ton of things. But again, here, the main discrepancy are the priorities. And also a lot of effort has been put towards being able to iterate faster.
âhear the spaceâ: which one? The one Iâll do tomorrow with GRM? Just double checking to be sure Iâm understanding right
Last note: It also seems to me that a lot of your anger and cynicism has to do about MultiversX and its ecosystem and not xExchange itself. I feel you and I think a lot of things can continue to be improved. Just wanted to highlight the fact that MultiversX and xExchange are still 2 different things and we should distinguish them.
yeah he has said a lot that has absolutely nothing to do with xExchange lol
defintiely missed the topic of the agora.
btw when governance permissionless vote creation? I thought its here with v3. I have a few things to propose that have been discussed and approved by the community (as visible by the posts) thx
@cottoneyejoe In v3 we released the governance smart contract, but there is no UI for it.
Also, for example, one of the things you proposed (all fees traded for MEX) will most probably be part of a subsequent release (but again, not a promise, because I donât want people to refer to this message in the future saying that we committed to it ).
Just to say that it is likely that most of the things you proposed will land somewhere in the roadmap without having to do a vote.
And thanks a lot @cottoneyejoe for all the constructive propositions youâve done for a long time! This has been very helpful to help shape the discussions
We never announced anything about when governance votes will happen
We made the SC decentralized (anyboby can propose a vote), but if a proposal proposed by somebody external to the team were to pass, we donât guarantee at all that the team will execute it. This is because it is very easy to say âwe want thisâ but it might be extremely hard to deliver âthisâ and only the team is really able to judge what it would take.
So the TL:DR; is that the governance smart contract has just been released as part of xExchange v3, removing the last blocker for the votes to happen, and that tool will be leveraged by the xExchange team in order to get the opinion of the community.
Ok so it is not intended that âweâ will propose xEIPs. Just for the team to use it⌠ok⌠sad, i really tried my best with the xEIPs to write something that could be proposed in a minute and actually respects everything that is needed within the context of the implementation. So its sad I can never start proposing this then
You can share bugs / improvements or anything that would help xExchange, but this doesnât help at all.
The one Iâll do tomorrow with GRM? Just double checking to be sure Iâm understanding right
).