Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Jupiter Lianchuang: In the future, the team will focus on more powerful monitoring, optimization and completing some new experiments

Jupiter Lianchuang: In the future, the team will focus on more powerful monitoring, optimization and completing some new experiments

CointimeCointime2024/08/10 06:10
By:Cointime

Jupiter stated in a post on X: "We are sorry that our platform did not operate according to the high standards we set for ourselves. The team will work hard in the coming weeks to address these issues."

Jupiter co-founder Meow stated: "I must admit that when the number of tokens that users want to trade surged to 100-20,000, we were a bit caught off guard and had to completely redo the main part of the architecture. We will work together as a team to strengthen monitoring, optimization, and carry out some new experiments, some of which are short-term, some are medium-term, and some are just for fun. We will work hard for this."

Yesterday, Jupiter co-founder Meow released a supplementary statement on some of the issues that Jupiter platform faced last week, including:

Priority gas fee calculation error: There was an error in the estimation of priority fees when calculating the gas required for front-end execution, which is not easy to occur under normal circumstances but became a major problem during severe congestion. The team takes full responsibility for this.

DCA shutdown issue: Due to CU estimation errors, the platform's DCA function was shut down for about 6 hours, resulting in user orders not being executed. The team deeply apologizes for this and will review operations to increase alertness.

Low liquidity tokens: To ensure the safe execution of DCA, the platform performs price and slippage checks before trading. However, the marked price of low liquidity tokens may differ significantly from the execution price, causing the engine to be unable to execute the transaction. The team will improve the user interface, add more information, and optimize security check methods.

Future plans: The team plans to add more information to the user interface and gradually implement intelligent security checks to address existing issues.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Trump’s Crypto Directive May Disrupt Bitcoin’s Quadrennial Cycle, Forecasts Massive Capital Influx – Bitwise

Potential Shake-Up in Bitcoin's Traditional Rhythms: Insight into How Trump's Crypto Order Might Redefine the Four-Year Cycle and Catalyze Surge in Capital Flow

Coineagle2025/02/01 04:55

Ethereum Traders Alert: Key Insights from February’s Expected MVRV Decline

Forecasting Ethereum's Unsteady February Ride: A Deep Dive into the Impacts of MVRV Downturn

Coineagle2025/02/01 04:55

Tether, The World’s Largest Stablecoin Company, Reveals How Much Total Profit It Made In 2024

Tether, the world's largest stablecoin issuer, shared how much profit it made in total last year.

Bitcoinsistemi2025/02/01 04:44

We Asked Chinese AI DeepSeek: Where Will Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE) and XRP Prices Fall the Furthest in 2025?

DeepSeek, an artificial intelligence model released by Chinese developers, has predicted the prices of the largest cryptocurrencies.

Bitcoinsistemi2025/02/01 04:44