THORChain Livestream Podcast

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

  1. 1d ago

    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

  2. 3d ago

    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

  3. Jul 18

    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

  4. Jul 17

    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

  5. 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

  6. 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

  7. 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

  8. 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
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