Developer : Sarah Grey

Overview:

Cyfrim is a decentralized exchange (DEX) that allows users to trade peer-to-peer without needing an intermediary on PGN.

Goals to be achieved : My goal is to keep on improving the protocol in several new features that are designed to improve the trading experience for users.

One of the main benefits on modern DEXs is the ability to provide users with more control over their trades.

The next version of Cyfrim will allow users to set specific price ranges for their trades, which can help to reduce the risk of impermanent loss (a common issue with liquidity providers). Additionally, it will offer users more efficient use of their capital, as liquidity can be concentrated in specific price ranges rather than dispersing it over the entire trading range.

Another key feature underway is staking which provides an ability for users to earn rewards for staking their LP tokens. This means that users can earn passive income while holding their favorite tokens and providing liquidity to the platform.

Overall, Cyfrim V3 will be a significant upgrade from the current version with added features that benefit both traders and liquidity providers. The platform aims to enhance the decentralized trading experience by providing more control, efficiency, and security to both Public Goods Network & Gitcoin community who will utilize it as their DeFi solution.