Welcome to the most recent update on the Syscoin ecosystem! Since its establishment in 2014, Syscoin has continually progressed, adapting to the fast-paced evolution of blockchain technology. Over the last three years, the development efforts have been relentless, aimed at enriching and broadening the ecosystem, setting the stage for innovative projects and advancements that appeal to a wide audience.

Syscoin has been a pioneer in blockchain innovation over the past decade, seamlessly merging the security features of Bitcoin with the advanced capabilities of Ethereum. The journey began with a vision to create a robust and scalable blockchain platform to support the decentralized applications (dapps) of the future. Today, Syscoin stands as the most secure and robust Bitcoin Layer Zero, boasting an impressive hash rate and substantial support from Bitcoin miners. It is also home to the exclusive Bitcoin Superchain known as Rollux.

In this highly anticipated update on the ecosystem, we are thrilled to share recent progress and upcoming plans. Here is a glimpse of what has been happening behind the scenes and what lies ahead in the coming months.

SYS Labs Venture Builder Projects

During the recent challenging market conditions, the focus has been on innovation and development. The team has dedicated significant effort to create cutting-edge products that not only enhance the SYS ecosystem but also contribute to the broader industry.

While many are familiar with our products, we will emphasize the progress made, the vision driving us, and the plans for the near future.

SuperDapp

SuperDapp stands out as the ultimate AI-enhanced super app, integrating AI-powered personal assistance, a dynamic developer community, and a robust token economy driven by social interactions.

With over 23,000 pre-launch sign-ups, SuperDapp has generated significant anticipation.

Our development team has been diligently working towards the successful launch of this revolutionary SuperDapp. In parallel, our business development and marketing teams have secured strategic partnerships with key players such as launchpads, exchanges, Key Opinion Leaders (KOLs), and influential users to pave the way for the upcoming token and product launch.

Since the previous update, the focus has been on enhancing user experience and developing AI-based extensibility for SuperDapp through bots, akin to Telegram bots. These next-generation bots will possess built-in awareness of Web3 functionalities, allowing secure interaction with other bots across Super Groups. By integrating bots with AI agents, novel use cases will be enabled, surpassing the capabilities of traditional applications like Telegram without the need for a complete overhaul of the existing infrastructure.

Furthermore, innovative features are being explored to incorporate incentives within Super Groups using various tokens. This integration will tap into different communities, facilitating a significant onboarding opportunity for users interested in participating in specific coin economies, making SuperDapp particularly appealing to crypto communities.

Timeline (subject to market conditions)

July: Public token sale through launchpad partners > CEX and DEX listings > Staking pools

August: Private beta > Public beta

Stay connected to our channels to ensure you do not miss out on the presale and launch!

Rollux

Exciting developments await Rollux! Numerous partnerships are being forged, and new initiatives are being launched to position Rollux as the preferred chain for expanding Bitcoin's evolving DeFi and Web3 ecosystem. The team is diligently working on zero-knowledge cryptography and BTC crypto-economic security, building a modular stack to support various technologies like Optimistic, EVM, BitVM, and AltVMs. These efforts aim to establish Rollux as the leading Bitcoin-based Superchain, epitomizing the future direction of Bitcoin rollups.

The recent introduction of zkDA and ongoing work on secure light-client implementation circuits mark significant milestones. This technology will enable the utilization of our Bitcoin-secured data availability protocol, named BitcoinDA, by other chains, supporting cross-chain messaging and bridging from Syscoin. These advancements set the stage for trustworthy BitVM-like solutions and decentralized Bitcoin two-way pegs, emphasizing security and trust minimization.

Additionally, a research initiative is underway, combining zkDA, zkEVM, and decentralized sequencing supported by Bitcoin's Proof-of-Work. This project promises innovative solutions that will be unveiled in the near future.

The synergy of Syscoin's merged mining with Bitcoin enhances Rollux's link to Bitcoin's security, facilitating the exploration of novel methods to enhance utility, security, and integrity. These developments include advanced BTC-bridging mechanisms and opportunities for yield generation to expand Bitcoin's DeFi offerings significantly.

The Rollux team is grateful for the unwavering support from the Syscoin community and is excited about the future!

Pachira

The on-chain decentralized ETF factory, Pachira, brings a new dimension to DeFi with its innovative liquidity management and Liquidity Tree Protocol, benefiting both traders and liquidity providers. Pachira is designed as a multichain product, launching initially on Rollux and ETH with potential expansion to other chains based on grants or investments.

With the recent launch of social channels, Pachira is shifting focus to marketing activities. An engaging points campaign will coincide with Phase 1 of the testnet, aiming to expand awareness, social media followers, and on-chain user base ahead of the token launch.

Simultaneously, a live case study launch is being planned on a premier DEX platform to showcase the innovative Liquidity Tree Protocol (LTP) in action. This strategic move will enable subsequent live case study launches, broadening the platform's reach and engaging diverse communities from other blockchains and DeFi protocols. Collaborations with different blockchain networks for deployment and efforts to secure grants and investments are ongoing to strengthen the ecosystem.

Timeline

• June/July: Testnet launch and points campaign kickoff
• August: Live case study on top-tier DEX

Check out the Pachira dashboard previews below and follow our social media channels for the latest updates and opportunities!

Uno Re

Recently acquired by SYS Labs, Uno Re is at the forefront of advancing insurance and security solutions for blockchain technologies. Exciting developments are shaping the future of Uno Re:

Uno Staking Pools on Rollux

Starting in July, users can stake $SYS, $UNO, and other tokens on Rollux to earn rewards in $UNO.

Launch of Block Alerts: Block Alerts provides smart contract audits, real-time on-chain threat monitoring, and advanced penetration testing. More details are available on the website.

Strategic Realignment and New Initiatives

• Team Restructuring: Addition of new core contributors and full-time engineers from SYS Labs to accelerate development.
• Relaunch of Contracts, RWA Pool Development & Tokenomics Update caps* Expansion in 2024: Introduction of Layer 2 insurance products, Web3 Risk Framework, UNO V3 White Paper, and UNO V3 Launch.

Expanding Reach and Capabilities in 2024

• Launching tailored insurance products for Layer 2 solutions, Web3 Risk Framework, UNO V3 White Paper, and UNO V3 Launch
• Full Launch of L2 Security Product: Following successful Proof of Concept (PoC) on Rollux, the L2 Security Product will be fully launched, emphasizing the role in blockchain insurance.
• Embracing Bitcoin: Extension of offerings to include risk assessment and insurance products for BTC Layer 2 solutions.

Strategic Partnerships and Ecosystem Growth

Partnership with DeltaPrime: An exciting collaboration with DeltaPrime, a prominent Avalanche and Arbitrum protocol, to enhance security with coverage starting July 1, 2024. Block Alerts has garnered recognition as the preferred smart contract auditor for various projects, including Ator, SafeYields, Arexa, SuperDapp, with more partnerships in the pipeline.

Throughout 2024, Uno Re's strategy will be fueled by technological innovation, strategic partnerships, and an expanded product portfolio, promising a dynamic future.

For detailed updates, visit the provided links below.

Camada: Secure and Compliant Token Economy

Camada is instrumental in revolutionizing decentralized financial activities, establishing a secure, efficient, and fully compliant digital ecosystem that brings transparency and innovation to global financial markets. Compliant with regulations such as the Travel Rule, MiFID, MiCA, and AML laws, Camada ensures regulatory adherence across jurisdictions, addressing concerns associated with decentralized finance and paving the way for institutional capital influx into the market.

Exciting developments are underway as Camada prepares for final audits and engages in constructive dialogues with regulators from significant markets worldwide. Stay tuned for the unveiling of a secure and compliant digital ecosystem for global financial activities.

SYS Labs Takes Over Pegasys

SYS Labs' acquisition of Pegasys within the Pegasys DAO framework marks a significant milestone, promising growth and innovation across the ecosystem. Ambitious plans are in place for Pegasys and $PSYS, ensuring a thriving presence as an Automated Market Maker (AMM) and beyond, playing a crucial role in the forthcoming DeFi landscape on Rollux. Detailed proposals will soon be presented for the DAO community to vote on.

Strengthening the Foundation: The core Pegasys team remains intact under SYS Labs ownership, ensuring continuity and ongoing enhancements to the Pegasys protocol. This consolidation aligns with the long-term vision of expanding the Rollux ecosystem.

Expanding Horizons: SYS Labs' involvement will enhance Pegasys' prominence in the blockchain arena, accelerating the adoption of Pegasys solutions and fostering overall ecosystem growth.

Syscoin Foundation & Ecosystem Builders Updates

Frictionless UTXO to Rollux Bridge

A quality of life update has been introduced to simplify the process of moving $SYS from the UTXO native chain to the Bitcoin Superchain, Rollux. Previously, bridging digital assets between Syscoin and Rollux's utility token, $SYS, necessitated an intermediate step of bridging to the NEVM Layer 1. With the new bridge, this dual bridging process is streamlined.

Moreover, users can effortlessly connect their SYS wallets to convert UTXO SYS into Rollux SYS. Direct access to major SYS-supporting exchanges ensures convenient and secure management of UTXO SYS holdings, empowering users with control over their assets.

The seamless Rollux bridge will soon be available upon completion of final security audits.

NeonNexus

Significant enhancements have been implemented on the NeonNexus perpetual DEX. Contract architectures have been restructured, and keeper scripts optimized to enhance liquidation accuracy. A new feature supporting spot trading through a peer-to-pool model has been introduced, reducing fees and increasing user earnings through active participation in balancing liquidity pools.

Work is underway on a prediction feature to forecast SYS prices every 5 minutes, adding to the appeal of NeonNexus and creating additional earning potentials. The feature is slated for release on the mainnet in the next two weeks.

Ahead of the mainnet launch, a comprehensive on-chain DEX will be unveiled, enabling users to leverage SYS via Rollux for increased earning opportunities.

GoRollux

A crucial upgrade to enable mobile composability for GoRollux as a comprehensive launchpad is in progress. Extensive code revisions and rigorous testing are underway to enhance wallet connect functionality for mobile devices, a significant step towards enhancing GoRollux's capabilities as a launchpad platform.

Forging Ahead: The Future of Syscoin & SYS Labs

Syscoin and SYS Labs are at the forefront of blockchain innovation, leveraging Bitcoin's legacy to drive unparalleled advancements. Each development within the ecosystem signifies growth and a transformation of Bitcoin's strengths to meet the evolving digital landscape's demands. The innovations enhance user experience, expand blockchain utility, and solidify leadership in sustainable, decentralized growth. Join us as we challenge boundaries and foster a future where technology empowers communities, and creativity thrives on secure, scalable solutions. Stay connected and enthused – the best is yet to come.

For more information, visit: Syscoin Website | SYS Labs Website