Comdex

2023

November 16: v13.2.0 upgrade plans announced

• Comdex aims to transition itself to a fully permissionless Cosmwasm chain.
• Significant reduction of block times to below ~3 seconds.
• Upgrade from CosmosSDK v0.45 → v0.47
• Upgrade IBC-go v4 → v7
• Wasmd v0.30 → v0.41
• CosmWasm 1.3
• ~3 second block times
• Enable the ICQ module
• Single unified auctions across dAPPs

September 7: $STRD airdrop for $CMDX stakers

August 25: Incident report on Harbor Protocol’s exploit published

• The exploiter manipulated the prices of three collateral assets, $Luna, $stOsmo, and $wMATIC on cSwap which is an AMM built on Comdex.
• The oracle on Harbor was using cSwap as one of the sources of price feeds.
• The exploiter inflated prices and borrowed $CMST from these three asset vaults at higher collateral prices.
• Failing to hear from the exploiters directly, the team has begun pursuing them through a legal route involving law enforcement, who will work closely with MEXC and Simpleswap to help track the funds down.

August 19: Harbor Protocol gets exploited

• Resulting in a drain on a portion of the funds sitting in the stable-mint and $stOSMO, $LUNA and $WMATIC vaults.

August 2: cSwap V2 introduced.

• Features include:
  • Advanced Order Book and Charts
  • Boosted Pools
  • Cumulative APRs and Boosted APR Comparison
  • Daily Estimated Rewards
  • Streamlined Navigation
  • Refreshing UI, Colors, and Graphics
  • Enhanced User Experience
  • App Icon for Easy Navigation
  • Bridge Feature for Seamless Cross-Chain Transactions
  • Fiat On-Ramp
• In addition to the innovative UI changes, cSwap V2 brings several critical adjustments to the platform’s structuring and incentive plan:
  • Extended Rewards Period
  • Experimental 80:20 Master Pool External Incentive Split
  • Migration to stATOM/stCMDX Master Pool

July 7: $HARBOR emissions announced.

• $HARBOR emissions will kick off on 10th July.
• $HARBOR token emission is dynamic and is based on the percentage of the total supply locked in veHARBOR. The more significant the proportion of $HARBOR tokens locked in veHARBOR, the less intensive the distribution of emissions to $CMST borrowers.

June 30: Oracle error occurs.

• ​​On June 29, 2023, $stATOM vaults on Harbor Protocol were liquidated due to an oracle error, leading to inaccurate prices of $stATOM and $CMST.

June 13: Inaugural hackathon on Dorahacks introduced.

• The hackathon is all about crafting ingenious and sustainable on-chain solutions by leveraging the remarkable capabilities of Cosmwasm/CosmosSDK modules.

June 3: Partnership with White Whale.

• A Cosmos-based interchain liquidity solutions protocol.
• This partnership aims to bolster the DeFi ecosystem by:
  • Enhancing interchain liquidity.
  • Democratizing market-making opportunities.
  • Fostering an inclusive and efficient financial landscape.

May 22: Roadmap published.

• Key objectives include:
  • UI/UX optimization for existing applications.
  • Expand asset offering and integrations.
  • More on-chain utilities and applications.
  • CMDX token burn.
• Q2 2023:
  • Launch V2 of cSwap, Harbor protocol, and Commodo.
• Q3 2023
  • Integrate stCMDX into Harbor, cSwap & Commodo.
  • Initiate development of modules for on-chain Options, Perpetuals, and Futures.
  • Support the development of Options and Perpetuals use cases.
  • Develop an on-chain EVM module to draw builders and users from the EVM ecosystem.
  • Host a virtual Cosmwasm hackathon to inspire users to create new use cases for CMDX, CMST, and apps that will attract users and foster on-chain activity.
• Q4 2023
  • Deploy the EVM Module on the Comdex chain.
  • Assist in the development and launch of the cAsset protocol based on mechanism upgrades.
  • Organize virtual and physical EVM Hackathons to entice builders to develop on Comdex.
  • Commence the development of an on-chain “Super-app” (name TBD) enabling users to access and transact across cSwap, Harbor, and Commodo through a singular interface.
• Q1 2024
  • Launch the “Super-App”.
  • Construct RWA collateralization integrations for $CMST.
  • Develop on-chain financing primitives as on-chain modules for RWAs that can utilize $CMST.

March 10: cSwap, an interchain DEX on Comdex, is introduced.

• It uses a hybrid approach, combining both traditional AMM-based liquidity pools alongside an order book-based system. Liquidity providers benefit from no bonding periods and high yields, especially when contributing to both child pools and master pools.
• Swap has two different types of liquidity pools:
  • Child Pools: a standard liquidity pool, composed of various asset pairs. Liquidity providers are eligible for external rewards, but no internal rewards.
  • Master Pools: a unique concept created by the Comdex team that acts as the main liquidity pool for the platform, as it initially will hold only the two most widely used tokens: CMDX and ATOM. Liquidity providers will be eligible for both internal and external rewards.

February 12: HARBOR airdrop to the following stakers.

• HUAHUA, INJ, XPRT, MTNL, BLD, KUJI, UMEE, KAVA, STARS, ROWAN, REGEN, XKI, CRE, AKT, JUNO, EVMOS, CRO, SCRT, AXL, LUNA, OSMO, CMDX.
• Harbor Protocol is an interchain stablecoin protocol that enables the minting of the CMST stablecoin using various interchain assets as collateral.

2022

November 29: HARBOR tokenomics published.

• HARBOR will serve as the governance token for managing policies on the protocol. HARBOR’s governance and tokenomics model adheres to the ve (3,3) model introduced by Andre Cronje.
• Holders of HARBOR tokens can lock their tokens for up to four months in exchange for veHARBOR, which gives increased voting power to determine key protocol parameters like reward distributions.
• The supply of the HARBOR token will be 1 Billion tokens which will be distributed as follows:
  • 50% Emissions will be distributed as incentives over a period of ~6 years to the community
  • 15% Airdrop to various communities based on different tasks
  • 15% for Foundation to be vested over 24 months linearly
  • 10% for the Team to be vested over 24 months linearly with a 6-month cliff.
  • 10% Strategic partnerships, which include external incentivization and pool liquidity to expand adoption (community controlled).

June 17: Commodo, the ecosystem’s decentralized borrowing, and lending platform, is announced.

• Commodo is an IBC-native lending and borrowing platform in Comdex Ecosystem and uses the Lend module, which exists exclusively on the comdex-1 chain.
• Its main goal is to provide a secure, liquid, and easy-to-use platform to provide passive income for IBC asset holders. In the future, Commodo will equally support the bridged assets of other ecosystems, synthetics assets, & other digital assets and allow them to be plugged into its earning mechanisms.

May 16: Composite, (CMST) a fully collateralized, IBC-enabled interchain stablecoin, is introduced.

• CMST will be issued by Harbor Protocol, an interchain stablecoin issuance protocol.
• CMST is a stablecoin designed to be a stable representation of purchasing power and is therefore soft pegged to $1; however, as the global macro landscape develops, that may be subject to change in the future.
• Inspired mainly by the robust and reliable model built by MakerDao for DAI, CMST can be minted permissionless-ly as a debt against over-collateralized CDPs of interchain assets.
• HARBOR, the governance token for CMST, will serve as a backstop to the CMST peg through a recapitalization mechanism inspired by MakerDao.
  

May 13: Zenscape is introduced, the official validator arm of Comdex.

• By contributing to each’s on-chain security, Zenscape aims to strengthen Comdex’s relationships with various Cosmos ecosystem protocols.

April 20: Comdex Academy launched, a space for new & experienced community members alike to come together & learn new skills.

April 6: Community Newsletter with highlights.

• The devnet for cAsset  goes live.

March 7: Comdex integrates CosmWasm, a new smart contracting platform built for the Cosmos ecosystem.

• Improves security and performance.
• CosmWasm currently supports fourteen different Cosmos projects.

February 3: Community Newsletter with highlights.

• CMDX is listed on JunoSwap, CoinCodex, and BlockSpot.
• CMDX stakeable on EZstaking.
• CMDX featured on AtomScan.

2021

December 21: Details about the Ambassador program, known as Comdex Cadets, published.

• Comdex Cadet responsibilities:
  • Engage with the community to support its growth & answer community questions.
  • Educate the public about Comdex by creating content & posting on social media.
  • Building a network of influencers and potential partners to support Comdex.
  • Testing & giving input into platform development.
  • Creating & managing bots for gathering information & analysis.
  • Translating documents & setting up regional communities.
  • Supporting the program in general & helping to develop fellow ambassadors.
  • Maintain accurate records of activity within the program including links to posts, videos or blogs published on social media.

December 5: Weekly highlights.

• Comdex mainnet goes live.
• CMDX/ATOM pool launches on Osmosis.
• CMDX is stackable with Unagii and Omniflix.

November 25: Airdrop campaign 2  to LUNA and OSMO holders & stakers.

• Below are the criteria followed for the airdrop:
  • A minimum wallet balance of 1 token (of the network to which the airdrop is being distributed) must be held or staked at the time of the respective snapshots (Fri 8th Oct 2021 2:23 PM UTC for airdrop to OSMO and Thu 30th Sept 2021 7:00 PM UTC for LUNA).
  • Balances that were vesting or unbonding at the time of the snapshot are not eligible for the airdrop.
  • Only holders & stakers using non-custodial wallets like Persistence/Kelpr/Cosmostation are eligible.
  • LPs of tokens were excluded from the airdrop.

November 23: Information about validator delegation program published.

• Validators may contribute to Comdex in multiple ways:
  • Drawing on their vast technical experience and knowledge to support ecosystem development by supporting and refining tools.
  • Leading from the front on community campaigns either by creating & running their own to raise awareness & educate the community, or by contributing heavily to Comdex’s own community campaigns.
  • Build partnerships to add value to Comdex, seeking out strategic partners to work synergistically within the Comdex ecosystem.
  • Providing wholesale support across all of our campaigns and marketing efforts in order to reinforce & amplify our message.
• The criteria to be eligible for the delegation are as follows:
  • Staking commission rate can be no higher than 10% and no lower than 2% in order to keep rewards fair and reasonable to all parties.
  • Running physical infrastructure, alongside redundancies in order to create a robust failsafe for network security.
  • Preferable use of HSMs (hardware security modules).
  • The validator delegation cycles will span six months, at the end of which validators will be re-evaluated to re-determine the delegation.

November 18: Comdex mainnet launch on November 20 is announced.

• Broadening the focus from building a single comprehensive product to a suite of distributed and interoperable solutions (Enterprise trading platform, ShipFi, Synthetics).
  

October 16: Weekly highlights.

• Reddit forum is launched.
• Airdrop for XPRT Holders & Stakers.
• Airdrop announcement for $ATOM holders & stakers
• Website revamp.
• Testnet launched.

October 13: Comdex publishes details on its token, CMDX, economics and utility.

• CMDX plays five critical roles in the Comdex ecosystem
  • Native token of the chain.
  • Governance.
  • Can be collateralized.
  • Distributed as a reward to LPs.
  • Minted and burned to maintain the stability of cAssets
• 100,000,000 CMDX will be minted at genesis and unlocked for 48 months with the following distribution
  • Airdrops: 12.5% (12,500,000 CMDX).
  • Community Dev Fund: 12.5% (12,500,000 CMDX).
  • Rewards: 25% (25,000,000 CMDX).
  • Treasury: 25% (25,000,000 CMDX).
  • Team & Advisors: 25% (25,000,000 CMDX).

April 22: Comdex publishes an article regarding their new mission, bridging DeFi to CeFi.

• Comdex has transitioned from a close-ended enterprise-focused blockchain ecosystem to an ecosystem that allows for liquidity aggregated from the de-fi market to flow into secure and well-structured real-world investment vehicles. 
• These investment vehicles have the ability to provide consistent fiat-based returns allowing for a de-fi user to hedge their overall portfolio risk.

2019

May 28: Comdex publishes a medium article with information on what Comdex is about.

• Trade Discovery
  • The Comdex platform facilitates trade discovery by linking prospective commodity buyers to active ‘sell’ listings. 
• Trade Settlements
  • The Comdex settlement system offers commodity traders the ability to make cross-border payments without the use of the SWIFT system which is expensive and time-consuming.
• Trade Finance
  • The Comdex trade finance platform allows financial organizations to finance commodity trades that will be settled on the Comdex platform.
• KYC / AML checks on both ends
  • The Comdex Platform strives to reduce the risk present in a trade settlement by providing trade participants with up-to-date background verification information- fetched from the APIs of reputed datasets.

 

April 25: Comdex publishes its first medium article detailing its commodities trading platform.