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What is the progress on Varna DEX?

The UI/UX for Varna takes work and I'm not trying to diminish the work of the team. But relative to spinning up liquidity and designing a tokenomic model that makes sense to offer the proper levels of incentives for liquidity providers and users, that takes just as much work, if not more. Frankly, we haven't had time to work on the design of tokenomics for Varna yet because we've been focused on OMGX. That's where things stand. We're still working on UX design, iterating through different concepts with target users and active crypto traders. In terms of the launch timeline for Varna, we don't have something set in the calendar yet. We'll keep the community posted as we have more visibility.

To be a little bit more specific, there are really three parts to Varna. The first part is the UI. That's the stuff you see when you interact with Varna. The second part is the privacy-preserving matching. What's going on there, the goal is to allow two parties with shared attributes to efficiently discover one another. If you like pistachio ice cream and I like pistachio ice cream, the goal is to identify those shared attributes. That's the matching layer. Then there's a third part which is the settlement layer. Once two parties with shared attributes have discovered one another and they want to transact, how do they do so? For Varna, as it's built on Plasma, the answer to that third question is through atomic swap. Both those last two pieces, the matching part, and the atomic swap part have been built and work. The last remaining major hurdle is to get the UI to the point where it is really easy to use and intelligible. There is now a dedicated group of crypto traders and active users of DeFi exchanges. They now have the lead for designing the new UI. These are people who use DEXs daily. They are in the best position to figure out what the UI should actually look like. Personally, I'm very happy about that because - from an engineering perspective - we can spend weeks and weeks and weeks trying to imagine what experienced crypto traders are looking for, but there's nothing like having actual crypto traders design the front end. That's something I'm personally very happy about, that we now have people designing the front end to actually use that type of product every day.