Polkadex is officially a part of the Substrate Builders Program

This post was originally published on Polkadex

The program gives the Polkadex team the hands-on support and resources necessary to take Polkadex to the next level

https://substrate.io/ecosystem/projects

To recap, what is Substrate?

Substrate is the blockchain framework for a multichain future. It is the foundational building block that enables developers to quickly and easily build future-proof blockchains optimized for any use case. Substrate is the framework that drives Polkadot. In the case of the Polkadex network, the Substrate framework will be optimized for trading.

What is the Substrate Builders Program?

The Substrate Builders Program provides developers with direct support by connecting them with Parity’s extensive resources and helping them take Substrate-based projects to the next level.

How do teas like Polkadex benefit from being in the program?

Projects that are a part of the Substrate Builders Program receive Parity’s support in a systematic manner, including comprehensive support in the following areas:

  1. Community support
  2. Community funding opportunities
  3. Ecosystem support
  4. Strategy and feedback

Polkadex and the Substrate Builders Program

Thanks to the Substrate Builders Program, we are closely working together with the best minds in blockchain technology and Web3. This has helped Polkadex specifically in the following ways:

  1. Periodic reviews have helped us further understand how to realize the Polkadex vision and set priorities to achieve it.
  2. It has opened the door to potential ecosystem partnerships that will ensure an even better future for Polkadex

What is the difference between Web3 Foundation Grants program and the Substrate Builder’s Program?

In short, the Web3 Foundation Grants program is limited in scope and focuses on funding projects as they get started on Substrate and providing feedback on the delivered milestones. Meanwhile, the Substrate Builders Program is a more hands-on program which provides long-term support and access to extensive technical resources.

The phases of the Substrate Builders Program

Hitting milestones

Every month, Parity announces the latest updates from teams in the Substrate Builders Program, and October 2021’s milestone announcement introduces Polkadex as one of the teams to reach its first milestone. The Polkadex team successfully delivered milestone 1, which includes Off-chain IPFS to protect tokens in Polkadex Orderbook and Polkapool and will help users trade without frontrunning or huge transaction fees.

Leave a Comment