Aphelion has released an update on its path to regulatory compliance with a short-term solution to help get the decentralized exchange (DEX) back on MainNet. Aphelion closed its MainNet DEX on November 21st following legal recourse taken against the EtherDelta DEX. Since, the project has contributed to NEO GitHub Pull Request #485, #489, and #500.

To relaunch the DEX on MainNet, Aphelion will allow non-US participants to trade on the desktop, mobile, and web wallets. To enforce this, Aphelion will prohibit US-based users from initiating deposits to the platform.

For a long-term solution, Aphelion will seek to meet US compliance through a broker-dealer license/partnership or moving to a fully decentralized model. As a non-custodial exchange, Aphelion doesn’t hold users funds, but this does not necessarily mean the exchange is fully decentralized. To reach full decentralization, the project will need to open-source the server code, close the organizational servers, and trade tokens without any organizational control.

With regards to issues surrounding available capital, the team states it has “taken significant measures to scale back monthly recurring costs through some very creative server solutions without impacting performance.” Some of these creative solutions are related to the NEO core contributions the team has recently made.

For example, PR #500 offered a solution for issues with the NEO MemoryPool that have lead to congestion. The change enabled lighter server solutions that have minimal impact on load balancing. Aphelion claims that NEO has become less susceptible to backlogs, which minimizes operating costs.

Lastly, Aphelion will be updating its smart contract to allow for an integrated solution that will let the team “strengthen the contract in other ways and make some additional changes.”

The full article can be viewed at the link below:
https://medium.com/@ianholtz/aphelion-weekly-updates-december-11th-2018-84ed041e0163

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