Tonic Progress Latest Updates

Tonic
2 min readOct 14, 2022

Hi Goblins!

Tonic, founded in January 2022, we’re still a lean team that’s been heads down building. Now that we’re coming up on nearly ~6 months we’d like to share our progress thus far, and what exciting things might come ahead…

We were grateful to have raised money in April 2022 just before the end of the bull market which will keep our team funded for the foreseeable future.

In the week after our funding announcement we launched our testnet campaign which garnered interest from thousands of users. By end of May we then launched our mainnet exactly one-month from our funding announcement.

Early June — we encouraged our community to grow more and launched our greedy goblins — collaborating with various partners in the NEAR ecosystem and NEAR NFT community was loads of fun. Using our goblins, we finally launched our first trading competition by the end of June.

We launched our swaps product in July and we’re privileged to have dex aggregators integrate Tonic. Magellan, Arbitoor, and Perk Money, with more integrations to come.

We have both Javescript and Rust SDKs, making building on top of Tonic easier.

We are the ONLY open source orderbook dex on NEAR.

We encourage you to reach out or consider #BuildingOnTonic

In August we followed with another trading competition with Pembrock and announced our weekly quiz events for the community. We now have a weekly quiz every Tuesday with prizes — don’t forget to tune in!

Now that we’ve reached September — we’ve launched our $USN liquidity program and Greedy Goblins on Few and Far and Paras. Which has been most successful thus far and we will continue to improve/bring liquidity to the NEAR ecosystem and Tonic.

We’re approaching holiday season but haven’t slowed down our release schedule. Perpetuals and passive liquidity are coming soon.Our team is amazed at the growth we’ve seen since we started building in the NEAR ecosystem a year ago, and we’re proud to play a part in this journey. Kudos to NEAR :)

Best wishes and feel free to drop in any questions in our Discord channel~

Sincerely,

The Tonic Team

What are you waiting for? https://app.tonic.foundation/

Follow us for more updates:

Website https://tonic.foundation/

Twitter https://twitter.com/tonicdex

Discord https://discord.gg/tonicdex

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