THORChain Livestream Podcast

THORChain
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Get the latest updates and discussion about THORChain, it's ecosystem, and community.

  1. 1d ago

    Liquidy ($LQDY) on THORChain App-Layer, Market Making and Swap Router | Podcast #218

    In this podcast, Jandevman gives us an overview of what they do at Liquidy, how the project originated, and how they ended up building on THORChain. Swap now https://swap.thorchain.org/ THORChain is a decentralized crypto exchange. THORChain is the first and biggest DEX for Bitcoin. You can use any self custody wallet to swap and there’s no KYC required. Timestamps: 00:00:00 Intro 00:02:00 Kenton update — Keplr should be working! More integrations are coming! 00:03:00 Affiliate page widget is ready for testing 00:04:00 Air Canada story 00:06:00 Jandevman introduction 00:10:00 What was so different about Kujira that attracted you to it? 00:13:00 Jandevman rebuilt everything from scratch 00:16:00 Treasury discussion — what were the assets? 00:17:00 What was MantaDAO? 00:19:00 Website walkthrough 00:21:00 Valuation breakdown — comparing Liquidy to TradFi 00:23:00 Kenton explains NAV and asks about redemptions 00:24:00 Financial reports and analytics breakdown 00:26:00 Expense breakdown 00:27:00 Revenue sources 00:29:00 Governance process breakdown 00:30:00 Simple majority or supermajority? 00:31:00 Veto power through a multisig 00:32:00 Bonk comparison 00:36:00 Raising external capital? 00:38:00 Growing the treasury 00:39:00 How does market making work? 00:43:00 Why isn't the LQDY token on the base layer? 00:45:00 How many wallets support secured assets? 00:47:00 Which other wallets should support secured assets? 00:48:00 What other financial primitives will LQDY be involved in? 00:52:00 Will LQDY get involved in lending? 00:55:00 What other assets will be acquired? 00:56:00 What about Auto Rujira? 00:57:00 Liquidity swap router breakdown 00:59:00 What's the difference between the swap router on Rujira and LQDY? 01:02:00 Comparing different liquidity pools 01:07:00 Will redacted functionality be available? 01:09:00 bRUNE breakdown 01:11:00 What is a good APY for users? 01:13:00 Will STO use the LQDY API? 01:15:00 Is there anything else you'd like to add? 01:18:00 Transparency discussion 01:19:00 Proposal discussion 01:22:00 Everything is on-chain 01:27:00 Thoughts on inflation 01:30:00 The model is beautifully simple 01:33:00 We need to do this again! 01:34:00 Conclusion

    Liquidy ($LQDY) on THORChain App-Layer, Market Making and Swap Router | Podcast #218

  2. 3d ago

    Marketing Update, Devel’s Limit Order Proposal, XMR Update | Podcast #217

    In this episode, the main conversation revolved around the limit order proposal, how it works, and its impact on arbitrage bots and Rujira. Swap now https://swap.thorchain.org/ THORChain is a decentralized crypto exchange. THORChain is the first and biggest DEX for Bitcoin. You can use any self custody wallet to swap and there’s no KYC required. Timestamps: 00:00:00 Intro 00:04:00 Kenton starts 00:11:00 Volume is great! 00:13:00 Devel introduction 00:15:00 How did you hear about THORChain, Devel? 00:18:00 Why did you become a node operator as well as an arbitrageur? 00:20:00 It's been a long-standing belief that arbitrageurs are parasitic 00:23:00 Ratio between swap volume and arbitrage volume 00:25:00 Arbitrage volume is around 63% — does this mean THORChain is efficient? 00:27:00 Will Monero have a significant price discrepancy? 00:32:00 Could XMR become the XY curve of THORChain? 00:33:00 Devel's proposal: A new type of order to improve quotes and turn arbitrageurs into market makers 00:35:00 If the system works: Faster swaps, bigger swaps, and better price execution 00:37:00 They are not limit orders — they are limit swaps 00:38:00 Screen share 00:42:00 Devel explains the difference between limit orders and limit swaps 00:46:00 I want to achieve an improved quote endpoint 00:55:00 Chocolate bar 01:05:00 Boone and Devel join 01:06:00 Devel continues the conversation 01:13:00 Is this proposal additive or a replacement? 01:18:00 Devel continues breaking down the structure of his proposal 01:24:00 Boone adds clarity 01:28:00 Kenton asks about market making with exploited funds 01:34:00 Would this complement or compete with Rujira? 01:37:00 Boone: This does not conflict with the app layer 01:41:00 Clarifying Rujira's design versus Devel's base-layer proposal 01:47:00 Boone's maker/taker fee split idea 01:50:00 Devel is currently helping improve node operator operations 01:53:00 Quality-of-life improvements for new node operators 01:57:00 Dynamic fees and the boone.tools highlight 02:02:00 KPI dashboard for global volume 02:06:00 Quick XMR update (Boone)

    Marketing Update, Devel’s Limit Order Proposal, XMR Update | Podcast #217

  3. Jul 11

    Vultisig Building for a THORChain, Rujira and Agentic Future | Podcast #216

    In this episode, Denny and paaao discuss everything about Vultisig: what it is, its token, future plans, and much more. Swap now https://swap.thorchain.org/ THORChain is a decentralized crypto exchange. THORChain is the first and biggest DEX for Bitcoin. You can use any self custody wallet to swap and there’s no KYC required. Timestamps: 00:00:00 Intro 00:03:00 Paaao starts 00:04:00 What is Vultisig? 00:05:00 37 chains supported — Vultisig was born from THORChain MPC/TSS technology 00:06:00 Every Vultisig user is a mini THORChain ecosystem 00:08:00 When will we have a proper referral fee on all swaps, not just THORChain? 00:12:00 What API is used? Is it OpenOcean for Solana meme coins? 00:13:00 Is there an MEV component? 00:14:00 How are swaps routed for maximum efficiency? 00:17:00 How is Vultisig positioned to take advantage of everything that's coming? 00:19:00 bRUNE support and the acquisition of Station Wallet 00:20:00 Station is being converted into a fully agentic wallet! 00:21:00 CCL on Rujira makes a great case for agentic use 00:23:00 As soon as THORChain came back, people started swapping again 00:25:00 MiCA consequences — people fleeing to self-custody 00:26:00 How do we capture these users? 00:28:00 Help us connect to communities, THORChads! Private keys are toxic! 00:30:00 We have a sophisticated SDK that we are hardening — Hermes Agent 00:31:00 Your agent can interact with other agents 00:33:00 Vultisig is a return to proper self-custody 00:35:00 Vultisig is building for the future 00:38:00 Our goal is to make the wallet super easy — please let us know what can be improved! 00:39:00 Self-hosting a Vultisig server could be powerful for businesses 00:42:00 Could the VULT token become a universal in-app gas token? 00:43:00 We'd need more centralized accounting — interesting idea 00:45:00 We don't want to mix AI with wallet setup to reduce attack vectors 00:47:00 Everyone can use Vultisig however they want, but self-hosting means maintaining your own app 00:47:30 Vultisig Marketplace — developers can create automations 00:48:00 For the first time, you can use custodial infrastructure to DCA through automated workflows 00:49:00 We are focusing primarily on the agentic side rather than the marketplace 00:51:00 Fee percentage question 00:52:00 Is Vultisig hiring? 00:53:00 Everyone is welcome to join Discord and open a PR, but we're not hiring full-time 00:54:00 How safe are AI agents with Vultisig? 00:55:00 We are focused on guardrails and multiple security layers for AI agents 00:57:00 AI agents have been our biggest challenge 00:58:00 Finding the balance between AI capabilities and guardrails is difficult 01:00:00 Rujira support is coming soon! 01:01:00 What makes you so excited about Rujira? 01:02:00 Paaao loves lending, borrowing, and the liquidation engine 01:03:00 The cross-chain capabilities are truly unique 01:04:00 The connection between Rujira and Vultisig 01:06:00 When XMR? Paaao: We're exploring how to add it 01:08:00 MPC cryptography is difficult because we use DKLS 01:09:00 MiCA regulations complicate the situation 01:11:00 Is there anything else you'd like to talk about? 01:12:00 Shout-out to the OGs: Try Vultisig again! It's changed a lot — send us feedback! 01:13:00 Shared vaults for families, trust funds, and much more 01:14:00 We want to improve communication — app releases every week 01:16:00 Quai recommendation 01:17:00 THORChain is a cockroach!

    Vultisig Building for a THORChain, Rujira and Agentic Future | Podcast #216

  4. Jul 10

    Churn Update, Formalized ADR Process, Protocol Redundancy | Podcast #215

    In this episode, we provide a short business development update, cover the team dynamics between Maya and THORChain, discuss how to streamline and improve the ADR process, and finish off with a short Moca update. Swap now https://swap.thorchain.org/ THORChain is a decentralized crypto exchange. THORChain is the first and biggest DEX for Bitcoin. You can use any self custody wallet to swap and there’s no KYC required. Timestamps: 00:00:00 Intro 00:02:00 Randy BD update: ShapeShift and Symbiosis 00:07:00 Aaluxx breaks down how Maya Protocol and THORChain devs are allocated 00:10:00 Some work is shared between protocols 00:11:00 Was Maya Protocol affected by the same exploit as THORChain? 00:16:00 Learning opportunities from the exploit 00:18:00 Aaluxx talks about the moment the exploit happened 00:22:00 Version 3.20 will be pushed early — meeting tomorrow 00:25:00 Zcash update: Timeline? 00:29:00 Eric asks how all the developers coordinate 00:32:00 Anyone can contribute to GitLab 00:33:00 What did the devs do during the slow moments around Step 5? 00:36:00 What can we do to improve the ADR process? 00:39:00 ADR system design discussion 00:42:00 ADRs should not be gatekept 00:43:00 Everyone is working as hard as possible — bandwidth is tight 00:44:00 ADR numbers could be granted through Make Relay 00:45:00 You do not need an ADR to submit code to GitLab 00:47:00 Anything else you'd like to mention, Aaluxx? 00:48:00 "I am not a developer" — Aaluxx 00:51:00 MOCA going live by next Monday?

    Churn Update, Formalized ADR Process, Protocol Redundancy | Podcast #215

  5. Jul 5

    BazaarSwap Aggregator Integrating THORChain | Podcast #214

    In this episode, we talk about DEX aggregation with Nikita and Flynn, who showcase BazaarSwap and everything they have built. Swap now https://swap.thorchain.org/ THORChain is a decentralized crypto exchange. THORChain is the first and biggest DEX for Bitcoin. You can use any self custody wallet to swap and there’s no KYC required. Timestamps: 00:00:00 Intro 00:03:00 Kenton update 00:04:00 Flynn introduction 00:05:00 Flynn came into crypto looking for privacy and better ways to manage money 00:06:00 Nikita starts 00:08:00 Nikita talks about the difficulties of crypto and simplifying the experience 00:09:00 BazaarSwap talks about the convenience of their DEX aggregator 00:12:00 BazaarSwap screen share begins 00:14:00 BazaarSwap demonstration 00:16:00 Rate comparison and accuracy 00:18:00 Axelar wrapped asset rugging event 00:20:00 Swap execution metrics 00:21:00 Nikita talks about the benefits of DEX aggregator unification with AI 00:25:00 Monero is supported and will be ready 00:27:00 TON discussion and gold derivatives 00:29:00 Wallet support for TON 00:31:00 Nikita: More pathways are coming 00:33:00 We are excited about TON because of all the possible connections and momentum from recent announcements 00:34:00 Telegram is the #1 place for crypto because it has a built-in wallet 00:36:00 Do you track quote accuracy and execution? 00:38:00 Nikita: We try to provide multiple metrics for users 00:40:00 Nikita says he has worked on many products, and there has always been some degree of price differential 00:41:00 ETH to BTC swap 00:44:00 When THORChain adds TON, many new possibilities open up 00:46:00 Multiple execution parameters for swappers (cheapest, fastest, etc.) 00:48:00 THORChain is superior to everything else out there 00:49:00 Why did we choose to integrate THORChain? They maintained the ethos! 00:53:00 THORChain is more optimized for handling large swaps 01:00:00 Swap logic breakdown: liquidity versus the router 01:03:00 THORChain explanation 01:05:00 How do you get into crypto from fiat? 01:07:00 Rujira capabilities discussion 01:11:00 Price oracle exploit discussion and comparison on BazaarSwap 01:16:00 There are lots of shady things going on 01:17:00 You have no way of knowing if brokers are doing shady things 01:18:00 Kenton: Is your slippage related to price impact? 01:23:00 XMR demonstration was done on his birthday 01:26:00 OpenUSD is the next attempt at a CBDC 01:28:00 There is a competition right now to capture the infrastructure 01:32:00 Latest information on the Clarity Act 01:37:00 Privacy is not the default on THORChain, but obfuscation is impossible 01:39:00 THORChain is decentralized and permissionless 01:42:00 THORChain is the solution 01:50:00 Nikita's final thoughts 01:51:00 Kenton outro 01:52:00 Is there a token related to BazaarSwap? 01:54:00 Fees? (They do not charge additional fees; it varies by provider.) 01:59:00 What Flynn loves about THORChain

    BazaarSwap Aggregator Integrating THORChain | Podcast #214

  6. Jul 3

    THORChain Biz Dev Update, Revenue Share, Free Stable Swaps, Monero Update | Podcast #213

    In this episode, we provide updates on biz dev, revenue sharing, free stable swaps, and Monero, as well as a strategy to onboard TradFi. Swap now https://swap.thorchain.org/ THORChain is a decentralized crypto exchange. THORChain is the first and biggest DEX for Bitcoin. You can use any self custody wallet to swap and there’s no KYC required. Timestamps: 00:00:00 Intro 00:03:00 Randy's update 00:04:00 Randy wants to know who we should integrate! Let him know! 00:05:00 New ERC-20 pools are coming! 00:08:00 Chad starts. Dynamic fee model is live for Symbiosis 00:09:00 Symbiosis UI bug! 00:10:00 Monitoring the code to make sure the behavior and results are what we intended 00:13:00 New BPS idea for price execution 00:15:00 Chad will methodically go through every integration to identify optimizations 00:18:00 We are ready to look for another interface to test it on 00:19:00 XMR update: We broke some things when patching Serai code 00:20:00 Churning has been struggling, so we haven't added Zcash 00:22:00 We could generate a Zcash address with the pubkey! 00:24:00 Would being in the middle of a churn affect our ability to add a chain? 00:25:00 Update on opt-in chain clients 00:26:00 3.19.4 timeframe so XMR can get added? 00:28:00 Audience question: AI/THORKit package to run a node 00:32:00 AI alerting tools 00:36:00 Randy: Super excited for AI agents interacting with THORChain 00:38:00 CEXs are done when it comes to AI agents and can't compete! 00:40:00 Chad B is interested in helping projects add AI agent utility 00:42:00 Randy: EU euro (stable-to-stable) swap volume potential 00:44:00 THORChain's permissionless ethos will win 00:46:00 Revenue share discussion — where do we stand? 00:48:00 We will make integrators more competitive with revenue sharing! 00:53:00 Bittensor subnet AI model capability? 00:59:00 Chad's list of upcoming features 01:02:00 POL Economic Mimir needs to be changed to Operational 01:05:00 Randy: How do I get TradFi to use THORChain? 01:07:00 Randy: We must maintain the moat of our ethos 01:09:00 Chad B: We are the DeFi OGs. Erik Voorhees' ethos with Venice is just like THORChain 01:13:00 We will never surrender the moat of our ethos 01:15:00 Stocks on THORChain? 01:18:00 XMR update 01:22:00 XMR will be the most consequential chain client

    THORChain Biz Dev Update, Revenue Share, Free Stable Swaps, Monero Update | Podcast #213

  7. Jun 29

    Boone Discusses THORChain ADR29 | Podcast #212

    Since we had a technical problem with Amir, Boone joined the podcast and discussed ADR 29. Swap now https://swap.thorchain.org/ THORChain is a decentralized crypto exchange. THORChain is the first and biggest DEX for Bitcoin. You can use any self custody wallet to swap and there’s no KYC required.

    Boone Discusses THORChain ADR29 | Podcast #212

  8. Jun 26

    THORChain Resumes Trading, AI & Energy Consumption, Protocol Owned Liquidity | Podcast #211

    In this episode, we provide a marketing update, discuss AI & energy consumption, and finish with a discussion on protocol-owned liquidity. Swap now https://swap.thorchain.org/ THORChain is a decentralized crypto exchange. THORChain is the first and biggest DEX for Bitcoin. You can use any self custody wallet to swap and there’s no KYC required. Timestamps: 00:00:00 Intro 00:05:00 Marketing update 00:07:00 Reach out to communities about adding ERC-20s? Easy to do! 00:08:00 Working on Keplr Wallet 00:09:00 Platform to hire KOLs 00:11:00 KOL platform breakdown 00:13:00 Chad B: May be a bot dream 00:15:00 KOL drama 00:19:00 Forewarning for drama 00:20:00 Chad's talk about Monerotopia 00:23:00 Someone who is into XMR will probably understand the mission 00:27:00 Chad B: The attack we suffered is very hard to recover from — but we have! 00:29:00 New version is coming! Fix for Solana so we can churn and XMR 00:32:00 Kenton: The cynical view doesn't make sense 00:33:00 Failure should be expected 00:34:00 TSS will be open-sourced, probably mid-July 00:36:00 Huginn's code auditing is surprisingly good 00:37:00 Moving to DKLS is a priority 00:39:00 The idea is to move to FROST and DKLS 00:41:00 How we would transition cryptographies 00:43:00 We need to find a new version of FROST if we want to add it to THORChain 00:44:00 Multisig on each vault — combining cryptographies. Still entertaining that idea? 00:47:00 DKLS would be first if any changes were going to be made 00:48:00 Question: Can we add AI payment rails and support for precious metal derivatives? 00:51:00 agentsfirst.dev analytics breakdown 00:57:00 Delegation is so hard for startups 00:59:00 These days are still early for AI 01:01:00 Will AI be a bunch of specialist models or a more general model? 01:04:00 Energy consumption versus efficiency of AI 01:06:00 Chad B is bullish when it comes to increased electricity usage 01:09:00 Energy scale is beyond comprehension 01:13:00 Life arose so quickly when Earth was formed 01:17:00 Planet talk — geeking out 01:21:00 Bringing it back to THORChain, THORChain is a good foundation for a better system 01:23:00 When XMR goes live, Kenton will wait about a month before really pushing it out 01:26:00 What happens post-churn when it comes to POL? 01:30:00 Kenton acknowledges Boone for getting the math incorrect 01:33:00 Boone joins and says it is Economic Mimir 01:34:00 Increasing BPs fee is probably the move (Boone) 01:36:00 Kenton gives the case for POL advantages 01:37:00 Kenton floats 25% to POL 01:39:00 POL is a burn, technically 01:42:00 Burn conversation regarding sell pressure 01:46:00 POL conversation continues 01:49:00 POL is an asset, not a liability 01:52:00 New hat!! 01:53:00 POL pitch 01:56:00 POL also buys and burns their asset too 01:58:00 Per-asset minBPS idea (Boone) 02:02:00 Anything else? Direct ERC-20 memoless, TAO 3.20 02:03:00 Reserve hard cap discussion 02:06:00 Reserve income and dispersed

    THORChain Resumes Trading, AI & Energy Consumption, Protocol Owned Liquidity | Podcast #211
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Get the latest updates and discussion about THORChain, it's ecosystem, and community.

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