In response to some community members' questions, especially @das0110 , here's an update of our recent activities and plans:.

10 Mar 2023, 17:25

In response to some community members’ questions, especially @das0110 , here’s an update of our recent activities and plans: We’re in the process of updating RioChain to participate in the upcoming Polkadot Parachain auctions, probably in late April or May. We have verbal commitment from a Polkadot ecosystem VC fund that’s willing to support us in our Parachain bid, and along with some other community members I’ve talked to, we’re confident we will have enough DOT collectively to win a Parachain slot if prices remain about the same as they are now. Additionally we’ve been making significant updates to the RioStox tech system and UI based on our community’s feedback (thanks again!), so we are planning to launch the public beta version in either May or June if all goes well. Our decentralized ETH staking product is nearly finished development and will be going for a security audit in the coming weeks, so we’re also planning to launch that in May. We believe that our yields will be among the highest available for ETH stakers, especially for those with less than 32 ETH that can’t run their own nodes. We plan to use 50% of the profits of this ETH staking to buyback RFUEL, and the other 50% will go toward ongoing ecosystem development. Our primary concern continues to be building a robust and sustainable ecosystem around RioChain and RFUEL that connects traditional finance with DeFi.