Weekly Updates

Q&A with Madfish Solutions CEO & Co-Founder Matvey Sivoraksha

Happy 2021, Tezos! To kick off the year, we talked to Madfish Solutions CEO & Co-Founder Matvey Sivoraksha about their work on the Thanos Wallet, QuipuSwap, and the Sol2Ligo transpiler.

What is Madfish Solutions? What motivated you to start the company?

Madfish Solutions is a technology company committed to using blockchain, P2P, and smart contract technologies to participate in building the financial infrastructure of the future.

8 years ago, one of our classmates discovered crypto and introduced it to everyone. A couple of years later, when everyone gained a variety of expertise in businesses around IT, at the junction of our interests and outlook on life, we were united by an interest in blockchain technologies.

 

What are you all currently working on? Anything that you are particularly excited about?

We are currently actively working on several products: Thanos wallet, which is a cryptocurrency wallet for Tezos in the form of a browser web extension; QuipuSwap, a Uniswap-like decentralized exchange for Tezos with on-chain governance for delegating funds to bakers; and Sol2Ligo transpiler, a transpiler from Solidity (Ethereum) to Ligo (Tezos) smart contract language.

Our team is currently very excited about launching QuipuSwap in early 2021. It will allow developers to build advanced decentralized protocols using our AMM’s liquidity and give a boost to new tokens and assets in the ecosystem.

 

What kind of tools is Madfish planning to build longer-term?

We try to build products with a focus on user experience and integrate everything into an easy-to-use ecosystem.

While continuing working on decentralized exchange and Thanos wallet, we plan to build a lending protocol on Tezos and Thanos mobile wallet featuring native integration of decentralized applications. Also, at Madfish we think there’s a bright future for meta-transactions on Tezos, so one of the next things we’re looking forward to developing is a gas station network with relayers for gas-less transactions.

Participation in building dev tools/libraries around Tezos and in TZIPs are also our goals.

 

What drove you to work on Tezos? Why not another blockchain project?

In our company, people like the functional approach to programming. We also love to deal with something new and participate in offline blockchain hackathons.

The first time we encountered Tezos was on the Eastern European Tezos Hackathon. 6 people from our company came to the hackathon split into three teams and started working on different ideas – this is how the projects were born: Thanos, QuipuSwap, and Sol2Ligo transpiler. We won the first and third places and received an offer to participate in the grant program with these projects. We liked Tezos’s functional programming style, and we decided to continue developing these solutions.

In our opinion, Tezos has a lot of potential due to its on-chain governance mechanism, functional approach, and the possibility of formal verification for the smart-contracts. These features bring us confidence that Tezos is to become the blockchain used in various spheres of business and that all the systems built on top of it will have top-grade provable reliability.

 

What three things are you most excited to see built on Tezos?

– Functionality for providing anonymous transactions and anonymous smart contracts

– Decentralized bridges to other blockchains

– Synthetic assets protocols (stable-coins / derivatives / etc.)

Additional Ecosystem Updates:

Below are updates from around the ecosystem:

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