GalaSwap hasn’t stopped growing and improving since its initial release earlier this year. GalaSwap is an essential tool for this ecosystem and we want to continually refine it so that anyone can use it to unlock the full decentralized potential of GalaChain.
The past few weeks have been busy and we have quite a few updates to share with you. The Project Token Creation Tool release at the beginning of June brought many new participants to GalaSwap. New people using GalaSwap in new ways leads to more opportunities to make GalaSwap easier and more useful to everyone on chain!
GalaSwap Automation
We have released our opensource swap bot – Mr. Swappy!
This bot is very basic in its standard functions, but can be fully customized to your individual needs.
https://github.com/GalaChain/galaswap-bot/tree/main
The bot comes with two basic strategies it can execute. Swap Acceptor will identify and accept swaps that are offered at a rate better than current market rate. Swap Creator can be used to create liquidity for a token, by automatically creating swaps at a specified rate.
New strategies can be added using TypeScript. A debug mode is included to check any new strategies you’re trying to execute.
Please Code With Caution
While the documentation included in the repository explains how to configure, operate and customize Mr. Swappy, it should be noted that this is not recommended for users with no experience altering software or code.
Many users should be able to follow the instructions given to set up their version of Mr. Swappy. Caution, however, should be taken when giving an automated system access to your wallet. If you’re doubtful about whether you’ve configured everything correctly, don’t hesitate to reach out in the GalaChain Discord for help from other developers!
While the documentation included in the repository explains how to configure, operate and customize Mr. Swappy, it should be noted that this is not recommended for users with no experience altering software or code.
Many users should be able to follow the instructions given to set up their version of Mr. Swappy, extreme caution, however, should be taken when giving an automated system access to your wallet. If you’re doubtful about whether you’ve configured everything correctly, don’t hesitate to reach out in the GalaChain Discord for help from other developers!
Quality of Life
You may have noticed a few welcome updates in the past two weeks that make the GalaSwap experience more enjoyable overall:
- There’s now a basic search function in the balance page. No more sifting through tons of tokens to find the one you’re looking for!
- There’s now a “Max” button when creating a swap if you want to list an offer for the most you are able to of a certain token.
- Mr. Swappy can now interact with user-created tokens. Rejoice!
- We’ve updated the token name blocklist to be less limiting in some cases.
Pest Control
The bug hunters are vigilant, and they’ve taken out quite a few lurking pests the past two weeks:
- Users will now see all their active offers no matter how many offers they have.
- Mint allowances will now show even if you have zero balance on a particular token.
Miscellaneous
Some other general improvements made in the past two weeks:
- Token authority was added to Gala on the REPS token
- The Mr. Swappy code was moved from the dex-api repo to its own galaswap-bot directory on the GalaChain Github page.
- Creating swaps now limits increments to 1.
Next Up…
There will be many more updates and improvements to GalaSwap, but here’s a preview of a few things that we’re working on now:
- Group distribution through the Project Token Creator
- More search capabilities while creating/searching for swaps
We’ll keep you updated as more improvements come through! For now, wen are you going to head over to GalaSwap and start swapping!?
