Comdex Roadmap 2023

Undoubtedly, 2022 put the crypto ecosystem to the test. We witnessed multiple large-scale DeFi and CeFi collapses, shaping a year that proved challenging for everyone. Within the Cosmos ecosystem, we were not immune to the consequences of these events. The fallout from the collapse of $UST undid significant progress made in Cosmos DeFi, leaving the ecosystem bereft of liquidity.

At Comdex, the implications of the $UST collapse and the resulting DeFi liquidity crisis only solidified our commitment. We were resolved to cultivate a robust DeFi ecosystem within Cosmos, rooted in secure and sustainable fundamentals. Despite the seemingly negative sentiment created by the poor performance of markets during the year, development activities on the Comdex chain continued in full-swing, with Comdex being among the top chains in terms of developer-activity throughout Cosmos during the time.

At Comdex, we had long anticipated the need for an overcollateralized Cosmos-native stablecoin (in mid-2021, even before the collapse of $UST). $UST’s collapse accelerated the development process of $CMST (originally introduced as $USCX in 2021) which is a central piece to helping Comdex realize its vision. In the gloomy backdrop of poor macroeconomic conditions was an opportunity to double down on our building effort and deliver on our promises to the community.

From Q3 2022 to Q1 2023, we set and achieved milestone after milestone. Some key accomplishments include:

• Completion of Oak Security’s code audits for Comdex on-chain modules.
• Testnet releases and mainnet launches of cSwap, Harbor, and Commodo which were met by an overwhelming response. On testnet we had-

~25,000 vaults on Harbor protocol

~18,000 lenders and ~16,000 borrowers on Commodo and

~86,000 swaps on cSwap

• $CMST becomes the first fully open-sourced decentralized stablecoin in Cosmos to be backed by decentralized assets like ATOM, OSMO, stATOM and more.
• Successful issuance of Community Dev Fund grants to White Whale, Syndicate Hub, Skip Protocol and Kado.

The subsequent sections will shed light on Comdex’s objectives for the upcoming year and provide a roadmap. The overarching goal for the Comdex ecosystem has been and continues to be the cultivation of a vibrant DeFi ecosystem within Cosmos. We strive to empower creators with a top-tier infrastructure layer, bridging the divide between DeFi and CeFi.

Objectives for the Coming Year

The first phase of development of the Comdex ecosystem was completed with cSwap, Harbor, and Commodo going live on the mainnet. These applications form a foundational DeFi ecosystem ready for a multitude of use cases. Thus, the Comdex chain emerges as an appealing infrastructure layer for new builders.

As we transition into the next development phase, our team at Comdex sets its sights on several key objectives:

1. UI/UX optimization for existing applications: We aim to incorporate all user feedback related to the UI/UX of our existing applications, gathered from our early adopter communities. Besides refining the existing documentation, we plan to introduce new resources to facilitate user education and onboarding.
2. Expand asset offering and integrations: Our goal is to continuously onboard a diverse set of interchain assets into the Comdex ecosystem. This will be achieved through collaborations with projects that offer products with synergistic benefits and therefore lend themselves to integrations.
3. More on-chain utilities and applications: The inherent modular design of the chain enables builders to easily customize and reuse them to build dApps. We’re excited to encourage builder engagement via incentivized bug bounties and hackathons. These initiatives are aimed at attracting new builders to the ecosystem, who can help introduce fresh use cases for the Comdex chain, $CMST, and $CMDX.
4. CMDX token burn: We plan to implement token burn-based revenue mechanisms in applications that utilize CMDX. The introduction and expansion of CMDX token-burn-centered use-cases will contribute to enhancing CMDX tokenomics.

Roadmap

As we keep our long-term objectives front and center, we have crafted the roadmap for the upcoming year.

Q2 2023

1. Launch V2 of cSwap, Harbor protocol, and Commodo, featuring a brand-new UI/UX and significant feature enhancements:

a. Harbor Protocol V2

• Brand new, simplified and intuitive UI
• Intuitive filters for sorting vaults and assets based on user preferences
• Notifications for governance proposals, parameter changes, personal alerts, liquidation reminders and more

b. cSwap V2

• Advanced Order Book and Charts
• ‘Bridge’ for Seamless Cross-Chain Transactions
• Refreshing UI, Colors, and Graphics
• Boosted Pools: Optimized liquidity provision and rewards

c. Commodo V2

• Upgraded UI for optimised lending and borrowing user flows
• E-mode (Efficiency mode) feature for maximizing capital efficiency
• Intuitive risk-profile scoring of collateral types
• Boosted external rewards to support borrowers

2. Extend the collateral assets set on Harbor and liquidity pools set on cSwap.

3. Enable HARBOR emissions.

4. Introduce new cPools and kickstart incentives on Commodo.

Q3 2023

1. Integrate stCMDX into Harbor, cSwap & Commodo.
2. Initiate development of modules for on-chain Options, Perpetuals, and Futures.
3. Support the development of Options and Perpetuals use cases.
4. Develop an on-chain EVM module to draw builders and users from the EVM ecosystem.
5. Host a virtual Cosmwasm hackathon to inspire users to create new use cases for CMDX, CMST, and apps that will attract users and foster on-chain activity.

Q4 2023

1. Deploy the EVM Module on the Comdex chain.
2. Assist in the development and launch of the cAsset protocol based on mechanism upgrades.
3. Organize virtual and physical EVM Hackathons to entice builders to develop on Comdex.
4. Commence the development of an on-chain “Super-app” (name TBD) enabling users to access and transact across cSwap, Harbor, and Commodo through a singular interface.

Q1 2024

1. Launch the “Super-App”.
2. Construct RWA collateralization integrations for $CMST.
3. Develop on-chain financing primitives as on-chain modules for RWAs that can utilize $CMST.

In addition to the roadmap detailed above, we’re actively exploring options to enhance on-chain security through possible integrations such as Interchain Security or the Alliance model. Having enhanced or shared security options will be a substantial benefit for Comdex and its growing product ecosystem. As these integrations are largely dependent on external factors, including community governance and integration feasibility, the timelines for integration/delivery may vary significantly. We will publish a more detailed outline of Comdex’s plan to fortify chain security once these details are finalized.

Each of the milestones mentioned in the roadmap above are steps the team will undertake to drive Comdex closer to its long-term objectives. While initiatives like integrating stCMDX into Comdex’s apps aim to inject more liquidity into the ecosystem, our focus is also on forging avenues for new user attraction. The planned EVM module will be instrumental in enticing new builders to the ecosystem. Given that the blockchain developer landscape is majorly composed of Solidity developers, smoothing the path for onboarding builders emerges as an efficient strategy to incubate new use cases and, in turn, usher new users into the ecosystem.

The Direction Forward for the Comdex Team

As a team, we acknowledge the impact the delays in product deliveries have had on the Comdex ecosystem. We’ve taken action and are committed to turning Comdex into a bustling DeFi ecosystem for the interchain. Despite hurdles, our dedication to developing the chain remains unwavering, as we work hand-in-hand with community members and stakeholders to propel Comdex toward its vision.

In response to the delays in product deliveries, we made the conscious decision to extend the vesting period of team tokens by six months. This means that tokens that were scheduled for unlocking in November 2022 will now unlock in May 2023. To underscore our ongoing commitment to Comdex, all team tokens that have unlocked will be vested for a further 18 months to ensure complete alignment of the team with the project’s future.

We remain highly committed and ambitious about building Comdex to transform it into an interchain DeFi hub. We continue to work closely with community members through our telegram, discord, and forum communication channels.