Connect Financial Community Update
As we scale and develop our platform features and functionality, our UI/UX plays a significant role. Our UI/UX design and implementation team have more than 15 years’ experience developing SaaS and crypto-centric platforms. Their combined knowledge and expertise position us to implement modern UI/UX components and functionality to provide the best experience possible and exceed online engagement consumer expectations.
In this weekly update, we would like to showcase our membership portal. When you commit CNFI tokens onto the Connect platform, you join one of five exclusive membership tiers that give you access to benefits and lower fees across your entire account. Earn higher yields, trade at reduced rates, take advantage of lower interest rates on a line of credit, and more.
Getting your Connect account membership is as intuitive and streamlined as possible. We designed it to get you up and running on the platform as quickly as possible — to unlock your connect account benefits and products to earn, borrow and trade.
We would like to give you a sneak peek into the Membership UIUX developments.
Membership Selection:
Review each membership tier; its benefits, fees, and required CNFI staking from a single screen, allowing you to analyze which membership best meets your financial goals. Once you’ve selected your membership, you are immediately guided to what you can do next, whether you want to complete your membership first by staking CNFI, getting your first wallet, or starting a credit card application.
Membership Required CNFI Staking:
This is the crucial action necessary to complete and activate your selected membership. We’ve designed this to be as seamless as possible with the ability to deposit CNFI directly from your MetaMask account or external wallet holdings.
All with a built-in deposit allocation calculator to give you complete flexibility to pull your required CNFI for your membership from various wallets and sources.
As you allocate your deposit from one or multiple wallet sources, you simply transfer them, and your staking wallet balance and calculator will automatically allocate accordingly.
We’ve designed this to allow flexibility to transfer into your staking wallet the total amount, partial amount or more than required if you want unallocated CNFI on the platform to position for earning wallets. Once you have transferred the amount of CNFI into your staking wallet balance, you can continue. Once you click continue, you’re taken to a screen to stake your CNFI in one click.
Following, you are presented with a screen informing you that your membership is ready to be activated. Following one-click confirmation and review of our terms and conditions, your membership is fully activated and ready to be enjoyed.
We hope you enjoyed this sneak peek of our UI/UX developments towards our platform membership and staking process. Our developers are diligently working to take these designs and transform them into a tangible real-world experience.
Update on website / marketing
You can anticipate an article launching this week discussing bridging the gap for financial inclusion and how Connect financial is supporting the unbanked and underbanked worldwide. Additionally, in the coming weeks a news announcement relating to our product developments. Stay tuned; follow us @connect_fintech and become a subscriber https://cnfi.me/3GiZIgH to be the first to read our fintech and crypto articles, whitepapers, incentives and promotions as they launch.
Update on mobile app development
The team has broken ground this week on our next major new initiative — the development of native iOS and Android mobile apps to support the launch of the Connect Financial platform.
While the app will share nearly all of the functionality as the core web app, it will act primarily as a companion service focusing on making and managing transactions, buying and selling crypto and managing your fiat, crypto, and card wallets.
We will keep the community updated on progress over the coming weeks.
Update on Arbitrum migration
As mentioned in the last update the migration to Arbitrum layer 2 has been progressing smoothly. All development work has been completed and tested, and the final step is to have Arbitrum whitelist the CNFI token on their network. Once this is complete, we will be able to complete the migration onto Arbitrum and all subsequent
As well as near instant confirmations, the biggest way that you will benefit from this migration will be in the form of greatly reduced transaction (gas) fees.
What you need to know:
- As the migration takes place, the token portal will not be available for use while we take the migration snapshot. After this short break the portal will reopen and be live on Arbitrum.
- In order to interact with the staking portal, you will need Ether on the Arbitrum network.
- There is nothing that you need to do to migrate staked tokens. After the migration, your current staked CNFI balance will live solely on Arbitrum.
How to bridge ETH to Arbitrum
Arbitrum is an Ethereum layer 2 solution, so in order to interact with the smart contract on Arbitrum, you will need to bridge ETH from the Ethereum mainnet to the Arbitrum network.
There are a number of bridges available, but our official guides will use https://bridge.arbitrum.io/.
Here’s a quick summary of the process while we update our customer support content.
Step 1: Add the Arbitrum One network to Metamask.
In the top right corner of the bridge, click the ‘Add Layer 2’ button. Alternatively, you can add Arbitrum to Metamask manually:
- Network Name: Arb1
- RPC: https://arb1.arbitrum.io/rpc
- Chain ID: 42161
- Currency Symbol: ETH
- Block Explorer URL: https://arbiscan.io
Step 2: Bridge ETH from L1 to L2
Connect to https://bridge.arbitrum.io/ on the Ethereum network. Enter the amount of ETH to bridge, click ‘Deposit’ and confirm the transaction in Metamask.
Important notes on bridging:
- Bridging tokens from L1 to L2 on https://bridge.arbitrum.io/ takes approximately 10 minutes, but can take up to 24 hours. Bridging from L2 to L1 is significantly slower and may take up to 7 days. A list of alternative bridges can be found here: https://portal.arbitrum.one/#bridgesandonramps.
- Because bridging takes place on L1, normal Ethereum gas fees apply. Always review the gas cost before confirming the transfer in Metamask.
Two: Staking on the Arbitrum network.
- Log into the Connect Financial token portal: https://token.connect.financial/
- Switch the network to Arbitrum in Metamask (you will also receive a prompt).
- Interact with the staking platform as per normal.
As mentioned, there is nothing that you need to do to migrate staked CNFI from Ethereum to Arbitrum. In order to interact with the staking contract, you will need L2 ETH on Arbitrum.
Three: Swap CNFI on Uniswap on Arbitrum
- Select the Arbitrum network on the Uniswap app:
2. If prompted, switch Metamask to Arbitrum
Liquidity will exist on both Ethereum and Arbitrum networks. In order to swap on Arbitrum, your L2 wallet balance will need to hold bridged tokens and enough bridged ETH to cover transaction fees.
Stay tuned to us and become a newsletter subscriber https://cnfi.me/3GiZIgH to be alerted when our platform launches with our new UIUX features, products and services.
