We recently held an exciting and informative AMA with Felipe, Head of Product at CLV, to address the pressing questions from our community and share important updates on our project’s progress and future plans. If you missed the session, here are the key takeaways and insights that were shared.

Building More Advanced Technology

Felipe started by emphasizing that the CLV team has been working tirelessly on advancing the project’s core technology. Our focus has shifted towards chain abstraction, a critical development that simplifies blockchain interactions, making it easier for developers and users to operate across multiple networks seamlessly. This advancement positions CLV as a leader in the multi-chain ecosystem, ensuring that users have an intuitive and frictionless experience.

In addition, we are making significant progress on the Parallel VM, a critical upgrade aimed at improving the performance and scalability of the CLV network. The Parallel VM will utilize cutting-edge technologies like Starknet ZK-Rollups and the Chakra protocol, which will enable us to significantly increase transaction throughput while maintaining robust security. Although we’ve faced some delays due to the complexity of this integration, the team remains fully committed to delivering a powerful and scalable solution.

Roadmap for 2024 and 2025

The community has been eagerly awaiting the release of our official roadmap, and Felipe provided some insights into its status. We are finalizing the CLV roadmap, which will not only cover the rest of 2024 but extend into 2025. This roadmap will outline key milestones, including the further development of Parallel VM and chain abstraction features. We want to ensure that all action plans are aligned and realistic before sharing them with the community, so expect an announcement soon.

Why Parallel VM is a Game-Changer

One of the standout developments in the CLV ecosystem is the Parallel VM, which will significantly enhance the performance of our network. This feature will allow for higher transaction throughput and improved scalability, addressing the growing needs of our users and developers. By incorporating Starknet ZK-Rollups or the Chakra protocol, we will be able to handle a higher volume of transactions without compromising security, making CLV a more robust and scalable platform. Despite the delays, the team is dedicated to making this upgrade a reality.

Expanding Through Strategic Partnerships

Partnerships are a key pillar of CLV’s growth strategy. Felipe highlighted that we are in ongoing discussions with a range of projects to expand the adoption of CLV’s technology. These partnerships will play a crucial role in driving ecosystem growth, bringing more value to users, developers, and partners as we roll out advanced features like chain abstraction and the Parallel VM. By collaborating with other leading projects, we are positioning CLV as a go-to solution for cross-chain and multi-chain interactions.

Addressing the Binance Monitoring Tag

A major topic during the AMA was the Binance Monitoring Tag and the steps we are taking to address it. Felipe reassured the community that we are fully aware of the pressure this has created and are working diligently to meet Binance’s criteria. We are improving both our technology and communication efforts to strengthen the CLV network and meet all the necessary requirements. Our team is confident that the improvements we’re making will position CLV for long-term success.

Standing Out in a Crowded Market

Felipe explained that what sets CLV apart in an increasingly competitive market is our leadership in chain abstraction. This technology allows users to interact with multiple blockchain networks seamlessly, making blockchain accessible not just to developers but to everyday users. By simplifying these complex interactions, we are paving the way for wider adoption of blockchain technology within and beyond the crypto community. This innovation will make CLV a standout solution for anyone looking to engage with multi-chain ecosystems.

Overcoming Challenges in 2024

2024 has brought its fair share of challenges, particularly in balancing the implementation of advanced technologies like the Parallel VM and chain abstraction with meeting external platform requirements like those set by Binance. However, the CLV team has remained fully dedicated to overcoming these challenges and ensuring that these new technologies are successfully implemented. We’re tackling these obstacles head-on and making steady progress.

Managing the Release of Unstacked Tokens

One of the concerns raised by the community was the upcoming release of unstacked tokens and its potential market impact. Felipe clarified that while we don’t control the timing of unstaking, our focus is on delivering real value to the CLV network and token to help mitigate any selling pressure. We believe that continued improvements in our technology — like the Parallel VM and chain abstraction — will encourage long-term engagement with the CLV ecosystem, rather than short-term selling.

Increasing Community Engagement and Transparency

We know how important it is to stay connected with the community, and Felipe emphasized that we are working on becoming even more transparent and proactive in our communication. Moving forward, we will provide more frequent updates via blog posts, social media, and AMAs like this one. Our goal is to ensure that the community feels involved and informed about our progress and the direction of CLV’s development.

Source : Blog - CLV - Oct 24, 2024