Weekly Dev Update #72
THORChain Weekly Dev Update for Week 72, 01–07 Dec; Latest Multichain, Bridge Work, Pool Curation, MidgardV2, THORChain ViewBlock Dashboard, GrassRootsCrypto Youtube Series
Summary
The team worked to release Multichain Testnet with Native Rune (the latest Release Candidate). Work continues to prepare for mainnet, including some fixes and features.
Bridges
Now that Bitcoin is complete, the team are working on:
- Ethereum (
ETH.ETHfirst, then ERC-20s — the code for this is 90% complete, pending testing edge-case validation) - BitcoinCash (mostly a fork of Bitcoin)
- Litecoin (mostly a fork of Bitcoin)
The team are also managing third-party bridges with the following projects:
- Gaia (Atom) — mostly complete
- Cryptonote (XMR, XHV) with the Haven team — begun implementation
- Zilliqa — in spec
- Polkadot/Kusama — begun implementation
- Solona — in spec
The team have also had expressions of interest from the following projects, who will raincheck until the specification is more mature.
- Rootstock — an EVM compatible Bitcoin sidechain
- Avalanche — an EVM compatible layer-1 chain
THORNode
Pool Curation
THORChain will now curate pools — according to depth, and charge standby pools a churn fee. The reasons for this are apparent from observing Chaosnet for several months. The Top 5 Pools are significantly valuable (more than $1m in liquidity) and drive revenue to the system, the Top 20 Pools create non-zero volume and revenue to the system, and all have more than $20k in liquidity. Above that, there is not much significance, and thus those pools should be bumped out of the active list.
Assets in the standby list have swaps disabled, so cannot collect revenue, but they are still secured by the system. Thus, to prevent the standby list becoming a parking lot of assets, standby pools will be charged 100 RUNE (versioned in constants) every churn (2 days), until ultimately they run out of money and are purged off the network. This means pools should only be listed on THORChain if they stand a strong chance of qualifying.
THORChain is not for the long-tail, it’s a protocol for the short tail of economically significant assets and chains. The reasons for this will become more and more apparent as time goes on, and especially when THORChain releases advanced financial features such as synths, lending, derivatives and more, collateral should be deeply liquid and of high-quality.
GG20 Upgrade
A long time coming — THORChain will now use the latest version of TSS. GG20 promises better blame and some other features for THORChain that make it more useful.
- Resolve “[FIX] Only add swap events when the final swaps went through”
- fabricate an observedTxInVoter for native RUNE
- Charge staged pools rune for operation
- upgrade to use cosmos sdk 0.39.2
- Resolve “[FIX] Try to drain yggdrasil pool with breaking txoutitem to multiple cause no outbound get send”
- Update docs path to doc + fix remote try out
- TSS use GG20 , and if a vault doesn’t have enough asset to pay for fee , don’t choose it to send out tx out item
- [refactor] remove ltokens in favor for solely liquidity units
- Resolve “[FIX] When choose a vault to send tx out item , make sure it has asset to pay for gas”
- multi asgard , make sure gas asset will be migrated to all the newly created vaults
- Resolve “[ADD] Move node status script in thornode repo”
- [feature] add cli commands to send funds and use variable network handlers with native assets
- Resolve “[BUGFIX] Start Bifrost block scanner on proper height”
- only init reserve on mocknet or testnet
- Resolve “[FIX] When node operator pay bond , pay 1 RUNE to the node address”
- Resolve “[FIX] Fix getting slashed on restart services”
Midgard
Fixes and improvements to get V2 up to standard for Multichain
- Test and timestamp refactoring
- V2 basic earnings
- Slip and Fee in Swap history.
- V2 earnings extra
- refactor into db package
- V2 add node count
- Centralize parameter parsing
- Bugfix and Time->Second refactoring
- refactorings, depths history
Devops
Continual improvements.
- Fix start btc block height only genesi
- Add missing types to variables
- Add info to AWS instance type
- Add provider integration — Azure
- Update digital ocean kubernetes cluster slug
- Apply canonical format to config files
- Add missing phony targets in Makefile
Clients
BEPSwap Client
Numerous UI/UX tweaks based on community feedback
ASGARDEX Client
Work continues to prepare the client for Multichain Chaosnet.
Community Work
The following tools receive regular updates:
Telegram Bot
Twitter Bot
Delphi Defi Dashboard
https://defi.delphidigital.io/thorchain/chaosnet/network
THORChain Network Explorer
Continual Improvements
THORChain Official Block Explorer
https://viewblock.io/thorchain
THORChain Dashboard (ViewBlock)
https://dash.viewblock.io/d/thorchain
RUNEData
Completely re-written, the new tool should be bookmarked:
RUNEBalance
View current arbitrage opportunities in the pools
https://www.runebalance.com/#/pools
RUNEStake
Always receiving improvements, this week a new landing page:
Trading Leaderboard
View the current leaderboard for traders on THORChain
https://leaderboard.thornode.org/
GrassRootsCrypto Youtube
GrassRootsCrypto consistently puts out great educational videos on THORChain, users should subscribe and bookmark the channel.
Next Milestones
Multi-chain Testnet 2 with Native Rune was deployed, currently wallets are undergoing intergration testing before public nodes can bond in, and users can start swapping.
The next milestone will be public release (expected within the week), although the net is live and advanced users can interact with it, if they know what they are doing.
http://18.198.92.45:1317/thorchain/doc/
Community
To keep up to date, please monitor community channels, particularly Telegram and Twitter:
- Twitter: https://twitter.com/thorchain_org
- Telegram Community: https://t.me/thorchain_org
- Telegram Announcements: https://t.me/thorchain
- Reddit: https://reddit.com/r/thorchain
- Github: https://github.com/thorchain
- Medium: https://medium.com/thorchain
