THORChain Livestream Podcast

THORChain

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

  1. 2d ago

    Dash Integrates Zcash Orchard Fork into its Secondary Evolution Chain | Podcast #226

    In this episode, we dig deep into Dash and its most recent upgrade, along with THORChain and the core principles that have made it a market leader to this day. 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 00:02:30 Kenton marketing update 00:05:00 Joel starts speaking — introduction 00:06:00 Peter Schiff got Joel into crypto! 00:08:00 Joel decided to go all-in on crypto 00:09:00 How Joel first heard about Dash 00:11:00 Dash's recent privacy overhaul 00:14:00 The options for digital cash in the past 00:20:00 Privacy is the final boss for crypto 00:22:00 The history of privacy on Dash 00:26:00 XMR privacy modifications to make Dash even more private 00:30:00 Dash has focused on subtle improvements over the years 00:32:00 Joel has been aggressively pushing for private Dash 00:34:00 Dash has had a huge privacy overhaul over the last five months! 00:36:00 Dash privacy will be optional and opt-in 00:38:00 The issues with privacy by default 00:44:00 How inbound transactions work with DEXs and the risks of external chains 00:45:00 Dash has instant finality through masternodes 00:47:00 Why reorgs cannot happen with Dash 00:50:00 Does supporting instant finality give DEXs an advantage? 00:51:00 Instant finality is essential for point-of-sale 00:55:00 Kenton: We've come very far, but fast transaction speeds are coming 00:59:00 How long does it take to swap or use Shielded Dash? 01:04:00 Maya Intents system? 01:14:00 Block time discussion and comparisons 01:18:00 Instant finality is a must! 01:22:00 Dash has two separate systems with redundancies 01:26:00 Bitcoin dunk: They're trying to achieve instant finality with Lightning 01:31:00 Blockchain must be on par with traditional systems 01:34:00 Are there any controversial things happening with THORChain? 01:36:00 THORChain is the true DEX 01:41:00 The market has to reward THORChain's principles and ethos 01:44:00 Chad Barraford shout-out — doing a great job driving innovation 01:47:00 The movement toward permissionless economic infrastructure is very real 01:49:00 We are currently guilty until proven innocent 01:57:00 Kenton: We must compete on all levels 02:00:00 Free stablecoin swaps could be a huge use case 02:05:00 Privacy coins have a huge market fit 02:09:00 Nobody knows about THORChain — yet 02:13:00 Joel can't swap his XMR for Dash — he needs THORChain 02:17:00 Permissioned solvers mean censorship 02:21:00 The pioneer dichotomy 02:23:00 Elon as an example of being decisive 02:28:00 Kenton is not worried about competition — many competitors are subsidized 02:33:00 DashCon discussion 02:37:00 Warfare, blockchain, and why THORChain matters 02:43:00 Joel: Aggressively pursue wallet integrations when XMR goes live 02:47:00 Closing

    Dash Integrates Zcash Orchard Fork into its Secondary Evolution Chain | Podcast #226
  2. 3d ago

    3.20 Update, Frost, DKLS, GG20, TOR Anchor Vote, Rev Share with SwapKit, Dynamic Fees | Podcast #225

    In this episode, we discuss FROST, DKLS, GG20, the TOR Anchor vote, dynamic fees, and the latest protocol updates. Oleg from SwapKit also joins to talk about revenue sharing, external volume, and how SwapKit data could help improve 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: 00:01:00 Intro 00:02:00 New name for STO? 00:04:00 A cheaper interface removed from THORChain branding? 00:05:00 We can create multiple STO clones 00:06:00 STO update 00:07:00 High rankings on AI sites and new Discord support channels 00:10:00 Version 3.20 update! 00:12:00 Recent block-time issues 00:14:00 DEXs should look out for each other 00:20:00 LayerZero exploit and the previous Space 00:22:00 What is FROST TSS? 00:25:00 Identifiable aborts explained 00:27:00 Work continues on adding FROST TSS and DKLS 00:30:00 Should we use multiple cryptographies? 00:32:00 How difficult would it be to build FROST from scratch? 00:34:00 TOR Anchor Mimir 00:37:00 A required voting system? 00:41:00 THORChain has one of the best governance mechanisms in blockchain 00:43:00 What do we use TOR for now that THORFi is gone? 00:47:00 Nodes: Double-check your notes! ADR 29 transition 00:49:00 How will SwapKit track revenue? 00:51:00 If it works, great! If it doesn't, we can turn it off 00:53:00 SwapKit is excited about this — a win-win! 00:55:00 The goal is to bring in more external volume 00:56:00 What should the starting value for revenue sharing be? 00:58:00 Dynamic fee update 01:00:00 Oleg from SwapKit joins! 01:02:00 SwapKit revenue-sharing discussion 01:05:00 Chad B asks about SwapKit quotes versus competitors 01:07:00 Kenton asks about the relationship between spreads and fees 01:09:00 Revenue sharing creates mutual benefits for THORChain and SwapKit 01:10:00 SwapKit's implementation design 01:14:00 Oleg: THORChain's TRON integration is great because there is no activation fee 01:16:00 Nodes: Reach out to Oleg if you have any issues 01:17:00 Chad asks if SwapKit is interested in the dynamic fee design 01:21:00 Oleg: Can SwapKit provide data to help the protocol decide which pools to deepen? 01:25:00 Chad B would love data from SwapKit to help improve THORChain 01:26:00 Boone's treasury proposal could be modified to align with SwapKit's goals 01:30:00 Denny talks about his Space with Dash and Joel 01:32:00 Monero update 01:34:00 Churns become more fragile as more chains are added — can we remove churns? 01:35:00 Could we reach one-week churn frequency? 01:38:00 "Reshare mechanism" to improve security 01:40:00 XMR Layer 1 swaps and the 10-block time freeze 01:44:00 Chad B: Should THORChain build in privacy? 01:50:00 How would it be built? 01:55:00 Is the ROI there? 02:02:00 Finality

    3.20 Update, Frost, DKLS, GG20, TOR Anchor Vote, Rev Share with SwapKit, Dynamic Fees | Podcast #225
  3. Aug 8

    Morpheus, Open Source Decentralized Access to AI, $MOR Pool on THORChain | Podcast #224

    David from MorpheusAI gives an overview of the Morpheus platform, how it works, the role of AI infrastructure, and the opportunities and challenges facing decentralized AI. 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 00:03:00 David's introduction 00:05:00 AI needs decentralization and ownership! 00:07:00 Erik Voorhees agreed and helped bootstrap the Morpheus community 00:08:00 Biden administration tried to make "math" illegal 00:09:00 The progress we've made over the last three years is incredible 00:10:00 Morpheus and Venice complement each other 00:13:00 Morpheus is a marketplace and routing system that makes it cheaper for customers 00:14:00 There is no DAO, no premine — nothing. Morpheus is fully decentralized 00:15:00 You can add GPUs to the network and others can use them 00:16:00 Why did the world choose Linux over Microsoft and Apple? No license fee! 00:18:00 Are there any other competitors? Bittensor maybe? 00:20:00 Morpheus is a platform of smart agents 00:23:00 What does the $MOR token do and how does it work? 00:25:00 $MOR makes payments easy through batching 00:28:00 Why wouldn't I run models locally? 00:35:00 Morpheus screen share 00:42:00 Making it easier to use is crucial 00:44:00 Morpheus is growing exponentially 00:46:00 Running locally with Morpheus is private 00:47:00 AGI means your own agent is making money 00:49:00 Kenton: I need to get an agent — how do we get started? 00:50:00 https://installopenclaw.xyz/ 00:53:00 "Old RAM" is a bottleneck 00:56:00 Decentralization is harder, but it is WORTH it! 01:01:00 Are regulators helping hijack crypto back to TradFi? Are we going to win? 01:07:00 I am a freedom maximalist 01:09:00 Decentralization for the win (Kenton) 01:11:00 DEXs are the best for agents 01:13:00 Agents First live share 01:14:00 Kenton: Don't mess around 01:15:00 Moore's Law is equivalent to AI agents — rapid increases in capability 01:15:00 Where can you get $MOR? 01:19:00 Are we AI agents? 01:21:00 David: I want my AI agent to be a version of me 01:25:00 Scams are tolerated online because of ad revenue 01:27:00 These companies make lots of money from your data through "free" services 01:29:00 How do you buy $MOR? 01:30:00 There is an ERC-20, Base, and Arbitrum option 01:32:00 Is Chad using $MOR? 01:35:00 Asia is super excited for Morpheus

    Morpheus, Open Source Decentralized Access to AI, $MOR Pool on THORChain | Podcast #224
  4. Aug 7

    Rujira App Layer Update on THORChain | Podcast #223

    In this episode, Hans and PragmaticMonkey give us a Rujira update on what has been done, what they are working on, and what to expect. 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 00:04:00 Hans starts and expresses thanks for the ADR 31 result 00:05:00 Recap of the history 00:07:00 Market makers and perpetuals 00:12:00 Perpetuals breakdown and Dynamic Concentrated Liquidity (DCL) 00:15:00 Delta-neutral package 00:17:00 PragmaticMonkey talks about bootstrapping the perpetuals market 00:22:00 Why is the reserve involved in revenue generation? 00:23:00 Status of the new stablecoin launch 00:26:00 Exportable stablecoin 00:32:00 Slow block times recently — do we know the cause? 00:35:00 Hans leaves 00:36:00 Order book screen share 00:40:00 Automated order book explained 00:43:00 Spread ratio explanation 00:47:00 Custom Concentrated Liquidity will add much more utility 00:49:00 COSMWASM MinBPS slip impact 00:55:00 RujiTrade arbitrage revenue metrics 01:00:00 Unique user index is increasing 01:01:00 CCL is the best way to attract new users 01:03:00 You can copy the strategies of other users 01:07:00 Sophisticated users will always refine their strategies 01:12:00 Are there plans to integrate tools into third-party systems? 01:14:00 Kenton: We should have one API 01:18:00 We are working together on this 01:19:00 POL DAO is being developed 01:22:00 AutoRujira update 01:25:00 Main differences between CCL and DCL 01:28:00 Getting more assets on THORChain is important 01:32:00 PragmaticMonkey's thoughts on the sudden end of Kujira 01:36:00 We are part of the same community 01:40:00 Merger discussion 01:43:00 How are the developer finances looking? 01:44:00 When is the next community gathering?

    Rujira App Layer Update on THORChain | Podcast #223
  5. Aug 1

    Swap Interface, depouch, with direct THORChain Integration | Podcast #222

    BubbiByte joins the podcast to discuss why depouch was built, the importance of simplicity, direct THORChain integrations, memoless swaps, decentralization, censorship, and the future of permissionless crypto. 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 BubbiByte begins 00:09:00 Why depouch was created 00:12:00 THORChain feels like the early days of crypto 00:13:00 The first principles of our community 00:14:00 Our ecosystem is special and unique 00:15:00 depouch was created with the goal of being simple and reliable 00:19:00 Creating the simplest and most reliable user experience 00:24:00 Kenton: The aggregator should support all pathways 00:28:00 Was it easy to directly integrate THORChain? 00:30:00 Direct integrations are preferable to APIs 00:32:00 depouch's marketing approach 00:33:00 It's much easier to build financial products in crypto 00:38:00 Marketing strategy: Search-term-based video content 00:39:00 Flagged address filtering is unavoidable 00:42:00 More interfaces are a net positive for the protocol 00:44:00 Let's get the word out about depouch 00:45:00 Do you support memoless swaps? (Coming soon) 00:46:00 Boone shout-out 00:47:00 App Layer support? 00:50:00 How do you make the interface as simple as possible? 00:53:00 depouch screen share 00:56:00 Slippage and "price protection" explained on STO 01:01:00 "THORChain and Maya Protocol are decentralized—other DEXs are not" 01:02:00 We must stand firm on our principles 01:06:00 Decentralized stablecoins are like perpetual motion (Kenton) 01:07:00 What is actually a DEX? 01:10:00 Is there anything else you'd like to mention? 01:15:00 Censorship concerns across Europe 01:18:00 Tyranny has been the norm 01:20:00 Is THORChain a PEX (Permissionless Exchange)?

    Swap Interface, depouch, with direct THORChain Integration | Podcast #222
  6. Jul 31

    Version 3.20, Monero & Zcash, Dynamic Fees, ADR 29 | Podcast #221

    In this episode, we discuss POL and how it will be distributed, a potential upcoming Bitcoin fork, a Monero update, ADR29, ADR31, AI tooling, 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 Marketing update 00:04:00 Need to create a new support ticket module. Trezor support added! 00:06:00 The three things needed to be listed on an index 00:08:00 Using AI to find scam sites 00:11:00 Chad starts — version 3.20 is being tested 00:12:00 Chad B started a code change to add a new asset to THORChain without a churn 00:14:00 Adding more chains leads to greater complexity 00:16:00 How can we add a new chain without churning? 00:17:00 How complex is it to add this capability? 00:18:00 Does a churn affect the timing of adding a new asset? 00:20:00 Audience question: How are new assets prioritized for THORChain? 00:22:00 StarSquid wants to add many more chains 00:23:00 AI compatibility with THORChain discussion 00:27:00 Community coding competition to add AI utility? 00:28:00 Dynamic fee discussion 00:30:00 Results from ShapeShift 00:31:00 COSMWASMMINBPS = 0 — arbitrage performance discussion 00:34:00 POL question: What gets funded first? 00:35:00 POL currently only purchases base gas assets 00:37:00 Stablecoins require a node vote 00:39:00 How will the protocol allocate funds — every churn or another method? 00:42:00 Bitcoin may go through two forks — how do we handle them? 00:44:00 Is it worth it? Sounds complicated! 00:46:00 Should liquidity from a new Bitcoin fork go to the treasury or POL? 00:52:00 There may be two separate Bitcoin forks! 00:56:00 Huginn update — network monitoring 01:00:00 New Huginn model 01:03:00 Opus 5 outperforms Fable on some benchmarks — AI models are becoming much more sophisticated 01:05:00 OpenAI and Anthropic may lose their moat as AI becomes a commodity 01:08:00 THORChain does not run on hopium 01:09:00 XMR discussion 01:11:00 XMR nuance — funds cannot be spent for 20 minutes 01:13:00 How does the 20-minute XMR delay affect high swap volume? 01:16:00 XMR backlog discussion 01:20:00 Hopefully only two more churns before XMR 01:23:00 We will set the price for XMR 01:26:00 ADR 29, TOR Anchors, and revenue sharing breakdown 01:30:00 It's an experiment — we're not sure if it will work!

    Version 3.20, Monero & Zcash, Dynamic Fees, ADR 29 | Podcast #221
  7. Jul 25

    Pirate Chain ($ARRR) on THORChain | Podcast #220

    In this episode, we're joined by Daniel, one of the key contributors behind Pirate Chain, one of the most privacy-focused cryptocurrencies in the space. We dive into how Pirate Chain was created, why privacy matters, what makes its zero-knowledge technology different from projects like Monero and Zcash 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 Getting THORChain on an index list 00:05:00 Daniel introduction 00:08:00 When Daniel discovered Pirate Chain 00:11:00 The cool thing about crypto—it evolves naturally 00:14:00 What got you into Pirate Chain? 00:16:00 Pirate Chain had a fair launch 00:17:00 I am not a maxi 00:19:00 Pirate Chain uses zero-knowledge proofs by default. How does it differ from Monero and Zcash? 00:22:00 Pirate Chain's block explorer reveals no transaction information 00:24:00 Monero is in the process of moving toward zero-knowledge proofs 00:25:00 Can Pirate Chain be audited? 00:26:00 Pirate Chain is adding Zcash's Ironwood upgrade for cryptographic inflation auditing 00:28:00 Zcash inflation bug discussion—no evidence it was exploited 00:30:00 Pirate Chain had not launched its Orchard pool, so it was unaffected 00:31:00 How do the pools work? 00:33:00 Ironwood will be a major upgrade by making inflation detectable 00:35:00 Shout-out to Amy! 00:36:00 What is Pirate Chain's roadmap after Ironwood? 00:38:00 Syncing takes a while on a privacy blockchain 00:40:00 Community proposals: A finality layer for additional security 00:43:00 Komodo discussion 00:44:00 XMR came very close to a devastating 51% attack 00:46:00 Point-of-sale discussion 00:47:00 How does governance work on Pirate Chain? 00:49:00 Decentralization is great for security but difficult for governance 00:50:00 Back to the point-of-sale discussion 00:54:00 UX/UI is extremely important 00:57:00 Major stablecoins are CBDCs 00:59:00 Which exchanges support Pirate Chain? MEXC, CoinEx, Gate, SafeTrade 01:01:00 Pirate Chain is interested in getting listed on DEXs 01:02:00 Daniel loves STO! 01:03:00 Getting Pirate Chain on THORChain and the history of THORChain's ethos 01:05:00 THORChain has a renewed spirit 01:07:00 Big Brother discussion—THORChain does not obfuscate anything 01:08:00 THORChain is safe, unlike Tornado Cash and Samurai, which collect fees 01:10:00 Getting as many people as possible to use this technology 01:12:00 We are on the same team 01:13:00 The process of getting listed on THORChain 01:19:00 Price execution efficiency 01:21:00 Streaming Swaps and Rapid Swaps explained 01:23:00 Pirate Chain hardware requirements 01:24:00 RPC endpoint for Solana 01:26:00 Call for donations 01:27:00 piratechain.com/crowdfunding 01:28:00 Donated funds are audited 01:31:00 MEXC is the greatest source of liquidity 01:35:00 Closing remarks

    Pirate Chain ($ARRR) on THORChain | Podcast #220
  8. Jul 24

    ADR29 & ADR31, Monero Update, Dynamic Fee Initial Results | Podcast #219

    In this episode, we break down two governance proposals currently up for vote (ADR 29 and ADR 31), dive into revenue sharing and dynamic fees, and cover the latest updates across several upcoming chains. 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 Miradex shoutout 00:05:00 Marketing update 00:09:00 XMR publication strategy 00:10:00 Chad met someone with close ties to Trezor 00:11:00 Robinhood made its platform available for AI agents 00:12:00 AI compatibility with STO 00:13:00 Chad B talks about the conference 00:14:00 Chad B has someone who wants to meet Kenton for a documentary 00:17:00 THORDex.io may be a scam — be careful 00:19:00 THORWallet won a patent case over the THORChain brand 00:21:00 ADR 29 discussion (revenue sharing) 00:22:00 Some integrators prefer revenue sharing over affiliate fees 00:25:00 SwapKit revenue sharing looks promising and could drive more volume 00:27:00 More integration tools will make Randy's BD role easier 00:28:00 44 new partners want widget/API access 00:31:00 Analytics tab is ready for integrators to track generated revenue 00:33:00 Why API access is whitelisted 00:34:00 Integrators can run their own infrastructure instead of using the API 00:35:00 ADR 31 discussion 00:36:00 Formalizing the relationship helps integrators build a roadmap 00:37:00 Kenton explains why he changed his opinion on the app layer since ADR 20 00:39:00 Permissioned access is more secure 00:40:00 Merger discussion 00:43:00 Why merging would be complicated 00:45:00 The power of collaboration 00:54:00 When will the protocol return to normal? 00:55:00 XMR update — lots of edge cases and fixes 00:56:00 When is Zcash coming? 00:57:00 Once churn is working, Zcash can be added 00:58:00 Bittensor (TAO) update 01:00:00 Dynamic fee update — Symbiosis was disabled due to a bug 01:02:00 Screen share of Rayyk's affiliate page 01:04:00 90% of generated fees came from revenue sharing — huge volume increase 01:06:00 THORChain is performing much better with dynamic fees 01:07:00 Promising initial data 01:09:00 THORChain vs. Chainflip pool price comparison 01:11:00 App Layer design to improve price execution 01:14:00 Great job, Chad! 01:18:00 Signal vs. noise considerations with revenue sharing 01:20:00 SwapKit partnership could be much more effective 01:23:00 It will also drive more volume for SwapKit 01:27:00 Start simple and keep the variables limited 01:29:00 Deepen the Tron.USDT pool? (POL?) 01:31:00 How have Rapid Swaps been performing? Are we ready for version 3? 01:37:00 Devel's proposal and its synergy with dynamic fees 01:39:00 MEV concerns 01:43:00 A tip mechanism may address MEV concerns 01:49:00 Let's finish our current ADRs 01:52:00 Maximum effective bond — increase to 2 million? 01:54:00 Multi-node operators vs. single-node operators with a single vault 01:57:00 When can integrators expect revenue sharing? 02:00:00 Revenue sharing presents a lot of opportunity 02:04:00 AI agents and revenue sharing 02:06:00 Separate STO API interface for AI agents using JSON

    ADR29 & ADR31, Monero Update, Dynamic Fee Initial Results | Podcast #219

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