September Development Updates
4 min readSep 24, 2024
Funds update
Priceless Fund
- Projects vesting schedules & sales reports released this week.
Alpha Fund
- Projects vesting schedules & sales report updated this week voting underway for latest project investment proposal.
$WLTH Fund
- 2nd tranche of investment proposals to the community is underway in the forums.
- 1st tranche tranche-winning proposals, Pepe and Chainlink, are currently being completed and will be displayed in the app soon payout dates and frequency are still TBC (monthly is likely)
All Street Fund (formerly Evergreen Fund)
- Set to launch this week. This perpetual fund-of-funds will take a 10% position in both the Priceless and Alpha Funds and any new venture funds that are set up, allowing any new users to get exposure to all previous Common Wealth funds easily.
New Funds Incoming
- Several new fund types are being developed. These new types will showcase the flexibility of the fund’s engine and offer additional opportunities for new and existing users of Common Wealth.
- Decentralised Exchange Traded Funds (dETF) — not one, but two, new liquid perpetual funds providing exposure to a broad range of assets for those new to crypto. Release dates TBC.
- Venture Funds #2 & #3 are in planning & design stages; proposals will be put to community soon Release dates TBC
NFT Marketplace
- Launched 12th September.
- Additional useful feature requests for enhancements to the Marketplace to be included in a next updates.
Evolving from Beta to v1.0
Dynamic NFTs
- 2nd upgrade for fund Slices is going live this week — now all media is stored fully on-chain (instead of IPFS).
- same upgrade for Genesis NFTs TBC.
Governance
- On-chain governance for funds was deployed to live display of the voting results needs a little work to improve the presentation and this info the roadmap
Planned improvements over the next few months
- Discourse forum
- Fund cards
- Project details page
- Portfolio
- Profile
- Manage Wallets
- Re-launch of Rewards & leaderboards
- Auto-created non-custodial wallet
- Fiat onramp
- Onboarding workflow
⠀Rewards programs
- We have started a gradual roll-out of the Rewards programs.
Program roll-outs
- Beta Testing rewards program (underway).
- Onboarding program (underway).
- Marketplace listings/promo (underway).
- Voting (underway).
- New user referrals program (Oct TBC).
- ‘Promote’ rewards program re-launch (Q4 TBC).
- Breakdown of rewards programs.
- Sometime in next few weeks these leaderboards will be published in the app.
- The team AMA planned for Thursday 26th Sept will reveal details of how and when XP can be redeemed
⠀Staking v2
- The revised UI is in final design stages and will be released for development this week.
- Improvements include:no CRP/CDP phases any more — all users can stake for max discount at any time.
- Minimum duration reduced from 12 months to 6 months
- Pending successful testing expected release in 3–4 weeks from now
⠀Smart Staking prog
- Smart Staking (formerly Staking for Participation) is an enhancement to current profit share/governance model
- Those staking now can participate in profit share and governance proportionate to their total stake; however, currently not all users can stake for discount or $WLTH rewards
- Smart Staking is a 3rd staking program running alongside and incorporating the other staking models
- Smart Staking will provide an additional means of increasing your share of profits/governance voting.
- Level the playing field between the largest holders and the most active community members on the platform and protocol entry into the full Promote rewards program when it is re-launched in Q4/Q1
- The Team AMA planned for Thursday 26th Sept will reveal details of the Smart Staking program. Don’t miss it!
⠀Chainlink integration
- We were hoping to complete our initial integration of CCIP ahead of SmartCon in October, however this work is currently on hold due other interruptions from other work as well as our current hiring sprint
⠀Next Smart Contract Audit
- 3rd smart contract is underway; results will be published once the audit is complete
⠀Visual Roadmap
- Currently in design; will showcase recent achievements as well as forward-looking features & plans.
⠀Known Issues
Forums
- Occasional delay loading notifications after login (20–30 secs).
- Notifications do not disappear when read but persist all the time.
- Once post is bookmarked it can not be un-bookmarked.
- On-chain voting in forums — display of vote results needs to be better presented to be more helpful.
- Some messages display white text on light backgorund instread of dark Discourse theme , making the message hard to read
Login
- Login using a new wallet not connected with app profile UX issue.
App
- Some content not optimised for mobile vireing/interaction.
Profile
- Changing username in app is broken if spaces included in new name.
- Profile in navbar and Manage Wallets section needs an upgrade to showcase which wallet was used for each transaction on the platform.
Treasury
- Wallets section in Treasury needs some maintenance and clean-up for usability.
Portfolio > Claim Profit
- Claim Profit screen does not show decimalplaces but rounds up to nearest whole number instead.
NFT Dynamic Media
- OpenSea has a known issue displaying SVG graphics as NFT media.
