# The 13th KIR: SORAMITSU\_Open-Source Decentralized Exchange\_Progress Report (1)

**URL:** <https://kir.kaia.io/t/the-13th-kir-soramitsu-open-source-decentralized-exchange-progress-report-1/540>\
**Category:** Ongoing\
**Created:** [May 31, 2022, 11:21am UTC](https://kir.kaia.io/t/the-13th-kir-soramitsu-open-source-decentralized-exchange-progress-report-1/540 "2022-05-31T11:21:18Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![SORAMITSU](https://yyz2.discourse-cdn.com/flex036/user_avatar/kir.kaia.io/soramitsu/32/216_2.png) [@SORAMITSU](https://kir.kaia.io/u/SORAMITSU)\
**Post date:** [May 31, 2022, 11:21am UTC](https://kir.kaia.io/t/the-13th-kir-soramitsu-open-source-decentralized-exchange-progress-report-1/540/1 "2022-05-31T11:21:18Z")

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**KIR PROGRESS REPORT MILESTONE 1**

Progress Technical Report: [Progress Technical Report (1)](https://drive.google.com/file/d/1eLMv3gJGVDSpq6M1vC7PoYkY_ZWejm3b/view?usp=sharing)

**SUMMARY**  
The technical progress report 1 covers the architecture design, engineering requirements, fungible token swap implementation, liquidity provisioning & token staking implementation, a development alternative for the Graph/Covalent API, and the dashboards implementation.

A detailed summary of each section is as follows

1. **Architecture and engineering** requirements describes the architecture solutions chosen, as well as the elicitated requirements.
2. **Fungible token swap** contains information about the DEX’ fungible token swap mechanism development.
3. **Liquidity provisioning & token staking implementation** presents the approaches applied to the DEX, and the implemented results.
4. **Development Alternative for Graph/Covalent API** contains information about the solution implemented which is based on the Graph, as well as a detailed outline of the events implemented for the first milestone.
5. **Dashboards** outlines the implementation progress of the first milestone pertaining to the dashboard section of the DEX, as portal with statistical information.

**BUDGET**  
The budget was calculated using a breakdown of development costs per week. These are further broken down into engineering, UX/UI design, and DevOps & Testing. The costs for Milestone 1 are in alignment with those calculated during the proposal. All are in USD terms.  
 ![image](https://canada1.discourse-cdn.com/flex036/uploads/kirklaytn/original/1X/2b7e4ed8d625c39080de1c202922fc53304085b1.png)