The team behind the Pi Network is making strides in enhancing their ecosystem by introducing new functionalities for users. The latest updates enable the community to create their own decentralized exchanges (DEX) and automated market maker (AMM) interfaces.

Still Under Testing

Dr. Chengdiao Fan, one of the co-founders of Pi Network, revealed at the TOKEN2049 conference in Singapore that they have launched features for decentralized exchange and liquidity pools on their blockchain. As stated during the event, this will allow developers and members of the community (called Pioneers) to directly engage with token swaps and liquidity tools, though these features are currently available only on the Testnet.

“Mainnet restricts this functionality for now, but the interface in the Pi Wallet will display these options and link users to the Testnet environment. These features are innate on the protocol level of the Pi blockchain and allow the community to build their own DEX and AMM interfaces.”

Additionally, these tools are designed to help Pioneers learn about decentralized finance (DeFi) before they participate on the Mainnet with actual PI tokens. Developers now have the opportunity to test coins on the Pi Testnet, with detailed documentation expected soon.

The Conclusion of the Domains Auction

In June, Pi Network’s team introduced a .pi Domain Auction designed to let Pioneers acquire distinct names, simplifying long addresses composed of various letters and digits. The auction concluded on September 30, and no further bids can be placed. However, if a bid is made in the final 24 hours, the bidding period is automatically extended.

“If another bid occurs in the extended window, it will extend for an additional 24 hours, and so on. This rolling extension mechanism ensures fairness for all participating Pioneers.”

The auction’s end will lead to a review period lasting about two months, after which eligible users can start claiming their domains.