ARPA Monthly Report | August Progress Review

Dear ARPA community,

To make sure that fellows of ARPA community are well informed of the latest developments of the team, we will update the project dynamics and progress in ARPA community in our monthly report. Thank you all for your support!

This is August in the rearview. Enjoy!

01 ARPA Development Dynamics & Technology Progress

DeFi

  1. Designed unit test framework
  2. Planned integration test strategy
  3. Further research & prep on liquidity mining
  4. Integrated liquidity pool with front-end
  5. Designed decentralized FinTech system
  6. Began implementing DeFi contract interaction & digital asset management modules
  7. Researched on automated investment strategy, market-making algorithms, and asset -exchange strategy
  8. Upgraded liquidation logic
  9. Completed liquidity mining integration test, scenario test, and end-to-end test
  10. Implemented front-end for liquidity mining
  11. Fixed issues identified during testing for liquidity mining
  12. Configured CI/CD for liquidity mining
  13. Optimized landing page
  14. Configured CI/CD for landing page
  15. Deployed landing page

MPC

  1. Revision of “A Survey of Privacy Preserving Computation”
  2. Initiation of “Privacy Computation and Blockchain” group standard
  3. Renewed the certificates of mainnet MPC nodes

02 Community, Marketing & Listings

On August 11, ARPA co-founder & CEO Felix Xu was invited to attend the 2020 POW’ER Shanghai Blockchain Technology and Application Summit. The summit was organized by Mars Finance and attended by WeBank Blockchain, Huobi, NEO, Qtum and others.

Learn more at:

On August 16, ARPA got listed on Bibox, the first AI-enhanced encrypted digital asset exchange and opened ARPA/USDT trading pair.

On August 17, ARPA community held an AMA with COCOS community contributor Alvin. He shared his thoughts around COCOS, NFT and DeFi.

On August 17, ARPA’s Eco DeFi project Bella Protocol published an article: Why Are We Building a One-Click DeFi Aggregator?

The article focused on the current state of the DeFi market, DeFi user pain points, and the problems that Bella solves.

“Bella is a revolutionary DeFi aggregator that’s an important part of ARPA ecosystem. ARPA holders and supporters will definitely benefit from the rising of Bella.”

Read more:

On August 18, ARPA’s Eco DeFi Project Bella Protocol debuted its official product introduction: Bella Protocol: One-Click Crypto Banking

At Bella, our goal is to accelerate DeFi adoption among mass users. Bella provides a full-suite of DeFi products, including automated yield farming tool, lending protocol, 1-click savings account, customized robo-advisor, and more. We believe DeFi users deserve much better mobile products with elegant design and smooth user experience. Bella takes your familiar mobile banking into crypto with just 1-Click.

Read more:

On August 20, ARPA & Bella co-founder Felix Xu joined Uniswap Chinese community with Warren, co-founder of Block Ark. During the AMA, he talked about what Bella is building, starting with a DeFi aggregator.

On August 20th, ARPA & Bella Protocol CEO Felix joined Consensus Lab and talked with BTswap CMO and DeFiner founder, bringing the topic of “DeFi Field Pioneer”. He also shared the pain points of DeFi market, the design concept and product matrix of Bella Protocol, a one-click DeFi aggregator.

Bella Protocol announced on August 24th that it has successfully closed a seed funding round of $4 million. Bella is developing Bella Protocol, a one-click aggregator for decentralized finance aimed at accelerating mass adoption. This round of financing was led by Arrington XRP Capital and has attracted investment from many other high-profile investors.

Read more:

On August 21, ARPA & Bella Protocol co-founders Felix Xu and Yemu Xu were invited to attend the Jinse Salon to share: DeFi — How to Seize the opportunity in the DeFi trend. OKEx CSO, Conflux co-founder, and Force Protocol CEO also attended the salon.

ARPA co-founder & CGO, Bella co-founder Yemu said:

There are still a few problems in the DeFi field, including high gas fee, troublesome to interact with smart contracts, and users need to bounce between different platforms to complete the transaction. Besides these, the DeFi products’ user experience is really poor now. As a result, The current market penetration rate of DeFi is only 1%, a large number of users have not yet been reached. We believe there’s room for 10–30x growth in overall market cap for stablecoins. In order to accelerate DeFi adoption among mass users, we need a smart portal, an aggregator to help users make their choices as well as lower the gas fee.

About ARPA

ARPA is a blockchain-based solution for privacy-preserving computation, enabled by Multi-Party Computation (“MPC”). Founded in April 2018, the goal of ARPA is to separate data utility from ownership, and enable data renting. ARPA’s MPC protocol creates ways for multiple entities to collaboratively analyze data and extract data synergies, while keeping each party’s data input private and secure. ARPA allows secret sharing of private data, and the correctness of computation is verifiable using information-theoretic Message Authentication Code (MAC).

Developers can build privacy-preserving dApps on blockchains compatible with ARPA. Some immediate use cases include: credit anti-fraud, secure data wallet, precision marketing, joint AI model training, key management systems, etc. For example, banks using the ARPA network can share their credit blacklist with each other for risk management purposes without exposing their customer data or privacy.

Team members have worked at leading institutions such as Google, Amazon, Huawei, Fosun, Tsinghua University, Fidelity Investments. ARPA is currently assisting the China Academy of Information and Communications Technology in setting the national standard for secure multi-party computation. ARPA is a corporate member of MPC Alliance and IEEE and is in partnership with fortune 500 companies to implement proof-of-concepts and MPC products. In 2019, ARPA was named as the Top 10 most innovative blockchain companies in China by China Enterprise News and China Software Industry Association.

For more information about ARPA, or to join our team, please contact us at about@arpachain.io.

Learn about ARPA’s recent official news:

Telegram (English): https://t.me/arpa_community

Telegram (Việt Nam): https://t.me/ARPAVietnam

Telegram (Russian): https://t.me/arpa_community_ru

Telegram (Indonesian): https://t.me/Arpa_Indonesia

Telegram (Thai): https://t.me/Arpa_Thai

Telegram (Philippines):https://t.me/ARPA_Philippines

Telegram (Turkish): https://t.me/Arpa_Turkey

Telegram(Sri Lanka):https://t.me/arpa_srilanka

Telegram(Africa):https://t.me/arpaafrica

Korean Chats: https://open.kakao.com/o/giExbhmb (Kakao) & https://t.me/arpakoreanofficial (Telegram, new)

Medium: https://medium.com/@arpa

Twitter: @arpaofficial

Reddit: https://www.reddit.com/r/arpachain/

Facebook: https://www.facebook.com/ARPA-317434982266680/54

ARPA is a privacy-preserving blockchain infrastructure enabled by MPC. Learn more at arpachain.io