KERNEL Final Showcase & Development Updates
Community Newsletter #4: November 2021
November was an incredibly fruitful month for us - we wrapped up Kernel with our final showcase and spent the rest of the month on protocol development. With FixedForex, Keep3r Network, Angle Protocol, and many others all building up the multi-currency stablecoin market, we’re very excited to contribute our efforts in this fast developing sector of DeFi.
Our journey at Kernel has been nothing short of incredible. We can genuinely say that without the relationships and learnings that we made throughout those 8 weeks, we would not be where we are today with our Increment community and protocol development. For instance, we were introduced to SourceCred during Kernel which is now a core part of our governance structure. We also attended a workshop held by Deep Work Studio during Kernel and continued to work with them on product design afterwards. The best part was that we got to define our own journey and adventure at Kernel. If you are interested in Web3, this is a great place to start.
In case you missed our final showcase, check out the link below, our presentation starts at 10:20:
After several weeks of research, trial and error, we have made some solid progress on finalizing our V1 protocol architecture. The V1 protocol will introduce a system design that uses pooled virtual assets for liquidity and leverages Curve’s AMM model for trade execution. This proposes an alternative solution to current on-chain derivative protocols and establishes an improved structure for using multiple collateral assets to trade exchange rates, such as EUR, etc. More details and complete documentation coming soon.
Completed the first iteration of web prototype and user testing with Deep Work
Optimizing designs according to user feedback
Working on mobile designs and landing page
📑 Smart Contracts
Written contract flows/specifications and documentation
Developing core contracts
Building unit and integration tests
Community and Governance
We’ve been using SourceCred as our off-chain solution that tracks activity in our Discord, Discourse, and Github. SourceCred creates a publicly available output graph that quantifies members' contributions to the platform in cred.
The Increment dashboard can be found at
(Learn more at https://sourcecred.io/docs/)
In our most recent community call, we established a new role in our Discord called “Cred Stars”, which establishes a unique role for our top three cred holders of all time and will be updated monthly. This information is publicly available on the dashboard and we’d like to congratulate FalconsEye, Sovandar, and Smileyyface on being our genesis group of Cred Stars.
Increment is a distributed, algorithmic exchange rate protocol building on zkSync 2.0, empowering open finance for non-USD participants in DeFi.