NewEconoLabs has released a development report covering the progress made during the second half of April. The report primarily covers additional functionality being implemented for the Teemo extension wallet but also mentions new NEO Name Service feature integrations into other projects.

Teemo Wallet

The recently released Teemo extension wallet has undergone further development, with v1.2.0 currently undergoing testing and touted for release in early May.

This new version will include four new modules:

  • Token management — Token search, add and delete functions
  • GAS claim — Implements the GAS claim mechanism and shows GAS claim history
  • Wallet settings — Ability to clear authorized applications, transaction history and adds an auto-lock function
  • Account settings — View detailed wallet information such as the address, encrypted key, and private key. Also allows wallets to be named, deleted, and downloaded in the NEP-6 standard format.

NEO Name Service

Following the release of its reverse resolution contract, NEL has begun adding this functionality to existing services.

Users will now be able to search for domain names on the NEL block explorer homepage and can activate the reverse resolution display function on the address details page.

It is also now possible to set the unique domain name of an address in O3 wallets from within the integrated NNS app.

NEL also notes that a new, Teemo-based version of the NNS DEX is under development that will be separate from the web wallet. It is hoped to provide a “more convenient and smoother trading experience” and will include the NNC staking mechanism and an email subscription function for event notifications.

The team expects the Teemo-based NNS DEX to launch in early June.

NEL Lab

To conclude the report, NEL reported that the implementation of a “constant product-based token liquidity protocol” has been completed and is now undergoing testing in the NEO ecosystem.

According to NEL, the project draws inspiration from the Ethereum-based Uniswap, which uses smart contracts and liquidity pools to enable swaps between ETH and ERC-20 tokens.

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