July has been a productive month for Desyn Protocol as we focused on enhancing the platform’s technical capabilities and expanding our offerings. Our team has been dedicated to optimizing user experience, broadening our product range, and ensuring the stability and security of our mainnet. Below are the key developments and achievements for the month.

Technical Updates:

1. Full Mobile H5 Adaptation: We have completed adapting our platform to mobile H5, significantly enhancing the user experience on smartphones and tablets.
2. Data Indexing Service Optimization: Continued efforts were made to optimize our data indexing services, resulting in faster and more accurate data retrieval for all users.
3. Deployment of Multiple New Chains: We expanded our platform by deploying several new public chains, including Mode and ZkLink, further enhancing our ecosystem’s interoperability and user access to diverse blockchain networks.
4. Continuous Optimization and Launch of Restaking Products: The restaking products have seen constant improvements and new launches, offering our users more robust and flexible investment options.
5. Mainnet Issue Resolution and Optimization: Ongoing efforts to identify, fix, and optimize issues on the mainnet have been a priority, ensuring our platform’s stability, security, and reliability.
6. Ongoing Development and Iteration of New Asset Management Products: We have been diligently working on developing and implementing new asset management products, keeping pace with market demands and providing innovative solutions for our users.

Marketing Updates:

2nd July 2024: Announced a partnership with @rawr_trade. This collaboration focuses on revolutionizing decentralized asset management and trading, enhancing user experience with secure and transparent management of on-chain assets via smart contracts.

https://x.com/DesynLab/status/1808032441812373849?t=S2cOFCXQnuyGnz0sl7pNtQ&s=19

3rd July 2024: Successfully integrated DeSyn data on the @MerlinLayer2 chain into @DefiLlama. This launch of a native Bitcoin Layer 2 solution unlocks new potential for Bitcoin’s ecosystem.

https://x.com/DesynLab/status/1808330982052827446?t=NTCG6DyISj-TLfouLvGKHQ&s=19

9th July 2024: Reached a milestone with TVL surpassing $230M. We have highlighted our High Yield Funds offering up to 5x staking rewards as part of the announcement.

https://x.com/DesynLab/status/1810574370953433242?t=PMF2IPq-WbY5TQrQNN0K7A&s=19

11th July 2024: Partnership with #XSTAR announced. To celebrate, XSTAR offered our community 30 ‘Heartbeat Booster’ NFTs.

https://x.com/DesynLab/status/1811236326785896733?t=hULe-VctX6O5npjuVFzaWA&s=19

22nd July 2024: Announced collaboration with @babylon_chain to maximize Bitcoin staking yields and enhance the ecosystem, promising new user opportunities.

https://x.com/DesynLab/status/1815299677404713112?t=PO0NKBw4ICicI6o_WPeufw&s=19

31st July 2024: Joined @AlloraNetwork to integrate AI-powered price prediction, which aims to enhance investment decisions with data precision and improve risk management.

https://x.com/DesynLab/status/1818632561775853602?t=48EXsrITKTvVpOwjPISnJA&s=19

Conclusion:

July 2024 brought significant technical progress and ongoing evolution to our platform. As we look ahead, we remain dedicated to enhancing our platform’s functionality and user experience with more exciting updates and developments. These updates summarise the key events and milestones we accomplished in July 2024.

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DeSyn Monthly Report #34 (July 1st -31st 2024) was originally published in DeSyn Protocol on Medium, where people are continuing the conversation by highlighting and responding to this story.