Cables Testnet is live!
We are thrilled to announce that we have launched testnet to the community. We do not currently have any bug bounties in place, but all feedback is welcome.
๐
The Cables hybrid DEX launched on
@avalancheavax
yesterday!
It's the first product of the Cables suite, which will unlock use cases at the intersection of centralized and decentralized tech.
Let's learn about what makes the Cables DEX unique ๐ ๐งต
Exciting News๐ Cables is now live on
@StellarOrg
@SorobanOfficial
๐
We're revolutionizing the
#FX
industry by leveraging blockchain technology to bring unprecedented efficiency and transparency. Say goodbye to the traditional complexities and hello to seamless FX trading on
Cables is coming to
#Stellar
๐ซ
Our team has been hard at work to expand the DEX to
@StellarOrg
's new smart contract platform,
@SorobanOfficial
.
Stellarโs mission to create financial access in a borderless manner is a perfect fit for the on-chain FX network that Cables is
EUROC + USDC are just the beginning as
@avax
is looking to become the home of FX on chain๐บ
Thrilled to get recognition in the
@MessariCrypto
report on the state of Avalanche in Q3 2023.
Cables has surpassed 10M in trade volume! ๐บ๐ฑ
We have hit yet another exciting milestone on
@avax
this week as we blew past $10M in total volume.
#fxchain
#AVAX
EURC AVAX <-> EURC ETH
The Cables stablecoin bridge is now the only bridge available on the market to support
@circle
's EURC on both
@avax
and
@ethereum
Building on the FX on-chain narrative, users can seamlessly swap EURC between Ethereum and Avalanche blockchains ๐
๐
The Cables hybrid DEX now supports
@Circle
โs new EUROC that launched on
@AVAX
this past week!
$EUROC is backed one-to-one by euros and operated by Circle, who also manage the most reputable stablecoin in the space, $USDC.
Come and trade now:
The Cables hybrid DEX is live on
@avalancheavax
, audited by
@CertiK
Featuring the deepest liquidity available on-chain, the following pairs are now live, with more coming soon:
๐น AVAX/USDT
๐น GMX/USDT
๐น USDT/USDC
Start trading now ๐
#AVAX
As many of you are eagerly awaiting testnet, we have an update for you! We are in the process of completing an audit of Cables to truly ensure everyone has the best possible experience using the platform and our tech stack is exceeding expectations. We'll give more updates soon!
Weโre proud to share that Cables has aced its
@SorobanOfficial
Smart Contract security assessment with
@HalbornSecurity
๐
Your safety in the world of DeFi is our top priority, so we invite you to check out the full report and learn more.
Read the full audit below ๐
Cables currently supports
#crypto
pairs ALGO/USDC, ALGO/USDT, ALGO/BRZ, and VCAD/USDC with many more pairs coming soon.
Visit our FAQs page to learn more before the
#testnet
launch:
The future of finance allows for the transfer of funds, paychecks, and payments through the blockchain via digital currency. With this in mind, we've focused on eliminating the middleman to make transactions cheap, secure, and lightning fast.
๐ฃCables Audit is now available!๐ฃ
Visit to view
or take a look at our FAQs page:
Cables
#testnet
is set to launch NEXT WEEK! ๐
More info to come on Monday ๐
#blockchain
#algofam
#algo
Now live: The Stablecoin Bridge ๐
The hybrid bridge allows users to move cross-chain significantly faster, cheaper, and safer than what is possible with the current suite of decentralized bridges.
๐งต/
Just recently,
@stablecorp
, along with
@shiftmarkets
and
@circlepay
, set to enact an on-chain payment of CAD to USD to
@SailGPCAN
athlete
@TomRamshaw
.
The flexible nature of these payments allows for immediate settlement, even on weekends and with minimal fees.
The Cables DEX integration with
@0xProject
has now been completed ๐
We are thrilled to continue our expansion in the digital asset ecosystem, with more news coming soon
We've smashed through our daily trade volume record, trading over $7.7M on Sunday ๐
big news is coming for Cables in the following months, so stay tuned.
To our community members: We swear the wait is almost over ๐ค
Weโre currently focusing on development for the official launch and working hard to make everything perfect.
We know we promised you a launch date and we will be getting that to you soon!
We've got another report for you!
Here is our formal verification audit for
@CablesFinance
, who are bringing traditional fx rails to the DeFi ecosystem on
@SorobanOfficial
.
See our findings and read the full report:
@paraswap
integration now live ๐ข๐บ
Cables is proud to be the first
@avax
market maker running on ParaSwap's AugustusRFQ system.
Our unique liquidity model allows ParaSwap users to access deep CEX and FX liquidity in a non-custodial manner.
We are very pleased to publish the Cables whitepaper ๐โจ
This outlines the mechanics of the Cables platform, fee structure, tokenomics, and more. Link below ๐
๐คWho's getting ready for the
#Cables
#Testnet
and
#Mainnet
launch in
#blockchain
?!
We're pumped to begin moving into our Q2 timeline! ๐
View the full roadmap here:
As we work hard towards the official Cables launch, we'd like to thank the community for the patience and understanding. We're currently in a 2-week sprint polishing a few features to guarantee the best possible platform for our users.
Looking forward to launching very soon! ๐
New product incoming ๐
Later today, we will be launching a new product in the larger Cables product suite.
This product along with a few planned upgrades is a continuation of our commitment to bring FX on-chain.
Any guesses? ๐ ๐
Weโd like to thank our users for the continued support and reporting as we work through bugs.
With the
#mainnet
launch quickly approaching, we'd appreciate any outstanding bugs to be reported here:
How many bugs can you find? ๐พ
Do you know where the Cables name comes from? ๐ค
In 1856, the first transatlantic cable transmitted currency prices between the London and New York City Exchanges. Many things have remained the same in TradFi, but we aim to bring a new name with decentralized, fast transactions.
Why trade on Cables?
๐ย Efficiently execute large trades with a fully transparent order book
๐ย Easily buy and sell with central liquidity
๐ย Access to low prices, all on a hybrid DEX with the benefits of a centralized exchange
Ready to start tradingโ
Step 5: You should be ready to start testing Cables, so move on to
Step 6: You are now ready to use Cables to exchange Algo and stablecoin pairs!
Happy testing!
Ever wondered why we chose to build Cables on the blockchain?
Trading on the blockchain offers a greater sense of trust, security, and transparency for our users, creating a unique trading platform for all.
Operating as a self-custody DEX on the
#blockchain
, you can trust us when it comes to trading.
๐ฅ Hold your money
๐ฅ Control where your money goes and how it's spent
๐ฅ Transfer in minutes
Want to try out testnet? ๐ Visit
As the financial world continues to evolve, favoring digital payments and crypto, weโre revolutionizing transactions - but why does blockchain matter? ๐ค
๐ย Provides enhanced security
๐ย Greater transparency in transactions
โก๏ธ Instant traceability
The Cables hybrid
#DEX
has been live on
@avax
for a month!
The hybrid technology allows
#DeFi
users to trade like never before.
Let's talk about what we have seen since launch ๐๐งต
Wondering where we went? Weโre back! We have been working hard behind the scenes and have a big announcement later today. Stay tuned to find out ๐ค
When you pay your employees in
#crypto
, you cut out the middleman - the bank. In June 2022, it was reported that 36% of US workers would rather be paid in crypto than
#cash
.
Cables has a mission of integrating crypto as a payment option for companies and their employees.
The Cables DEX has expanded ~
We are now offering over 15 new pairs on the hybrid DEX with more to come soon.
Of these pairs, we are excited to welcome
@BiLira_Official
, helping us to further extend our FX offering on-chain.
๐
We โค๏ธ our Cables users!
With the successful launch of Cables on
@Avax
we'd love to hear your feedback.
What do you love most about Cables?
What would you change about the user experience?
Welcome to CABLEs ๐Moving the worlds largest market on-chain
CABLEs, Cross-Asset Blockchain Liquidity Engines, are automated smart contracts aimed at bringing traditional FX instruments onto the DeFi ecosystem.
โ Read more about CABLEs below
As of yesterday, we have officially broken $100mm total trading volume ๐
This is a huge milestone for the Cables team, following our biggest day of $3.4mm this March.
The majority of the world has no, little, or poor option for converting fiat into
#crypto
, while the current financial system is tied to only a few cities.
Moving the FX market on-chain would give global access to more individuals and institutions within the space.
Waiting for the perfect time to
#invest
in
#crypto
?
Cables is bridging the gap between
#FX
and crypto for a more secure and stable investment.
Learn more about our mission ๐
โฑOn the edge of your seats waiting for launch? Us too! Weโve been working behind the scenes on deploying mainnet, optimizing UI, and perfecting the user experience.
While you wait, check out our Gitbook for helpful resources:
Step 3: Get some Testnet Algo to your testnet wallet from Algo Testnet Faucet:
Step 4: You can also get stablecoin test tokens from our Cables faucet at Cables faucet:
*don't forget to opt-in the asset
Our development team is hard at work, and as we continue making updates, we are excited to announce that weโll have more wallets available soon on Cables. Stay tuned for more information!
@fredestante
Hey
@fredestante
~ thanks for your interest in Cables! We are doing some internal testing on testnet before releasing it, but are still aiming to share it publicly next week.
No set day for Mainnet (yet) but we will keep you all posted
6/8
๐ฐ๏ธ The future of the Cables DEX and product suite
The launch of the Cables DEX on
@avalancheavax
represents the start of the larger roll-out of the Cables product suite, which will improve the crypto experience for all users.
Why is bridging the gap between FX and the blockchain so important? ๐ญ
Building a decentralized FX market onto the blockchain would allow for a fully global reach, not dependent on the main financial hubs we see today.
Read more below ๐
At Cables, we believe that
#blockchain
is the future.
By crafting cables as a
#multichain
platform, we've ensured that we can reduce the trade risk and cut costs for everyone involved.
Learn more about blockchain and why it's important ๐
As of today, weโve shattered records by reaching over $5M in daily trade volume ๐
Stay tuned for more updates and features as we push forward to create a secure and efficient trading platform for on-chain FX. Your support drives us to new heights ๐
Earlier this month, the Cables DEX hit an exciting milestone, surpassing $1M in trading volume on
@avax
๐พ
Our dev team is hard at work to bring several other products to the market this summer, with more announcements to follow soon.
Get excited about the benefits of trading on the Cables
#blockchain
- based system
๐ Faster, more secure
๐ Decreased user fees, no hidden fees
๐ Direct trade facilitation by Cables
Now live: The Stablecoin Bridge ๐
The hybrid bridge allows users to move cross-chain significantly faster, cheaper, and safer than what is possible with the current suite of decentralized bridges.
๐งต/