February
The formation of the Panda Product Pod was approved on February 11, 2023, with kwww as the facilitator
The goal of the Panda Product Pod was three-fold - reduce the barrier to Gro utilization through lower gas fees, improve overall yield through the introduction of additional strategies, and, open-sourcing common modules for adoption by the greater DeFi community.
It has been about a month since work formally kicked off and below details the updates for February
Deposit Relayer Research
- Conducted research on existing cross-chain messaging protocols and bridging solutions
- Evaluated gas costs for an L2 experience which showed that costs are about 100x lower for users in most scenarios
- Developed technical design and functional requirements for the deposit relayer
- Conducted POC transactions on test net utilizing Connext, one of the researched bridges, following the above technical design
Strategy Development
- Collaborated with the FiRsT pod on reviewing risk scoring template for strategies
- Evaluated current G^2 structure to understand what strategies can be incorporated and started canvassing process for new strategies
Up Next
- Gather feedback from DAO on the deposit relayer
- Work on UI designs for the deposit relayer
- Conduct POC transactions using the other researched bridging/messaging protocols to determine the robustness and actual gas fees needed
- Start on coding implementation for the relayer
- Help the FiRsT pod with engineering execution of their risk solutions
- Develop the first strategy proposal