THORChain Livestream Podcast

THORChain

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

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

    4d ago

    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

    2h 11m
  2. Fernando from xolosArmy & Tonalli Wallet | eCash ($XEC) Pool on THORChain | Podcast #210

    Jun 21

    Fernando from xolosArmy & Tonalli Wallet | eCash ($XEC) Pool on THORChain | Podcast #210

    xolosArmy is a decentralized community and project built around eCash (XEC) cryptocurrency. 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 Diving talk 00:07:00 Getting on THORChain — what it takes 00:12:00 When you are on THORChain, you have access to the most wallets — hundreds of millions! 00:14:00 Only have a token on THORChain? 00:16:00 What would happen if THORChain was the central point of liquidity? 00:21:00 Fernando starts 00:22:00 Fiat is an instrument of control — BTC solved this 00:24:00 Use THORChain for sovereign liquidity and add connections to the rest of the world 00:25:00 Fork of Bitcoin Cash 00:26:00 We have instant finality — sub-second 00:27:00 Our tech is deterministic from beginning to end 00:29:00 XolosArmy is a project working on eCash — they want to bring the ethos of BCH to eCash 00:31:00 THORChain is much better than CEXs 00:32:00 eCash is a fork of BCH 00:34:00 eCash is not a stablecoin 00:37:00 eCash screen share 00:40:00 Throughput of eCash? 00:43:00 Subnets discussion 00:44:00 Is eCash similar to TAO when it comes to subnets? 00:46:00 eCash subnets explained 00:48:00 What is the cost of an eCash daemon? 00:51:00 What is the vision for eCash getting on THORChain? 00:54:00 We have NFTs and utilize IPFS 00:56:00 XEC can be connected to fiat 00:59:00 We have a $100 million market cap 01:00:00 StarSquid says the chain client is ready 01:01:00 Kenton explains adding liquidity to THORChain 01:04:00 More liquidity seeding discussion 01:08:00 $50k is a good target 01:09:00 Is it on chainnet?

    1h 21m
  3. Steps to Resume Trading, Dynamic and Referral Fees, Protocol Owned Liquidity | Podcast #209

    Jun 19

    Steps to Resume Trading, Dynamic and Referral Fees, Protocol Owned Liquidity | Podcast #209

    In this episode, we provide a marketing update, followed by a brief update on the exploit. We then dive deeper into a couple of bigger topics, such as dynamic and referral fees, 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 00:02:00 Marketing update 00:04:00 "KOL" talk and bang for buck 00:06:00 Getting new chains added is super important for getting brand-new users 00:09:00 New Affiliate page on swap.thorchain.org 00:11:00 Kenton is thinking the affiliate API should be permissioned 00:12:00 Chad B starts, 3.19.1 fully adopted 00:14:00 1 day, enable signing and churn 00:16:00 KeyVerify talk — when should we move on if it doesn't work? 00:17:00 KeyVerify will be disabled after this moment 00:18:00 Kenton asks about the exact order of turning things back on 00:20:00 THORChain is decentralized — it's obvious 00:21:00 Nodes had to do a lot of steps with developers 00:23:00 AI made this so much faster for us 00:24:00 Over time, we will have a more professional node operator base 00:26:00 Devs have been working nonstop on separate issues 00:27:00 Post-mortem is coming, hopefully within 2–3 weeks 00:29:00 We do a very good job being public, but that is often used against us 00:30:00 When we get going again, we will be testing the dynamic fee model with select partners 00:31:00 Applies to all THORNames 00:34:00 Chad says he is not sure who is correct on dynamic fees 00:37:00 Start simple and tweak it as we get more info 00:39:00 Kenton: It should be obvious 00:40:00 SwapKit rev-share program discussion 00:45:00 Stable-to-stable swaps should be neutral but result in more volume 00:46:00 Kenton: Stablecoin idea should be great 00:48:00 Denny: Stable-to-stable will be amazing for point-of-sale applications 00:50:00 Kenton: Dynamic fees may be really helpful for direct integrations 00:51:00 These features are bound to "click" with partners 00:54:00 Lots of exciting things are coming! 00:55:00 XMR testing update: Going well! 00:56:00 Huginn update: Pointed it at Serai 00:57:00 Monero may be coming within 1–2 months 00:59:00 XMR actually works!! 01:01:00 RUNE question from the audience about governance 01:03:00 Kenton breaks down liquidity pools 01:05:00 It is not hopium — THORChain has fundamentals 01:07:00 This protocol is actually real and useful 01:11:00 TON Wallet question from the audience 01:12:00 We are reaching out to everyone! 01:13:00 POL transition: Protocol-Owned Liquidity 01:14:00 Kenton thinks 25% POL is what is needed 01:18:00 Chad B: Where do you stand on POL? 01:20:00 Bull market POL could get very crazy 01:23:00 Dev fund could make much more money and the treasury could go away 01:25:00 We are moving away from a hard cap 01:27:00 Denny gives his thoughts on LPs 01:30:00 LPs withdraw when things turn around? 01:35:00 We didn't have data about AMMs when we first started 01:41:00 The scalability of THORChain in terms of liquidity and developers 01:45:00 Possible incentive pendulum tweaks 01:48:00 Price/volume graph comparison 01:53:00 Stock trading on-chain — KYC? 01:55:00 Perhaps companies will push for permissionless 01:58:00 Stocks 02:02:00 How have Maya devs been doing? 02:06:00 Outro 02:09:00 Attempt to attack Chad Barraford

    2h 12m
  4. NanoGPT AI Aggregator Pay with Crypto | Podcast #208

    Jun 13

    NanoGPT AI Aggregator Pay with Crypto | Podcast #208

    Milan from NanoGPT joins Kenton and Denny to discuss his journey from central banking to building a privacy-focused AI platform powered by crypto. They explore NanoGPT's integration with THORChain, the future of AI payments, and why privacy matters in both finance and artificial intelligence. 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, Churn, 3.19.1 00:04:00 Marketing update, signed an agreement with Sal the Agorist and Mark Edge ASK 00:06:00 Every single person watching that show should be using THORChain 00:07:00 Milan starts, NanoGPT 00:09:00 Milan worked for the central bank 00:11:00 The central bank was anti-crypto 00:12:00 The central bank wanted a button to stop transactions and KYC and the money issuing to be in their hands 00:13:00 Why did you decide to work at a central bank 00:16:00 Kenton had a friend that worked with the Bank of Canada 00:17:00 Milan did not have a good breakup 00:19:00 Milan thought subscriptions for AI models was a terrible idea 00:20:00 An early user was Erik Voorhees 00:21:00 NanoGPT has grown to include all AI models 00:22:00 Claude pulled Fable access for everyone 00:23:00 NanoGPT is an AI aggregator, 80 providers 00:26:00 NanoGPT is the same price or cheaper 00:27:00 Kenya man used Nano for medical questions 00:28:00 Neobanks are getting shut down, do you run that risk? 00:29:00 Big providers make a loss with subscriptions — many people share a subscription 00:31:00 They know what we are doing 00:32:00 How do customers choose what AI model to use? Automatic or custom? 00:34:00 AutoModel checks what kind of question it is and decides the prompt difficulty 00:38:00 Website feature 00:42:00 CEX story of getting paused 00:43:00 Iranian linkage because of $32 00:44:00 THORChain and NanoGPT are a great partnership 00:47:00 How did the Kenya man figure out you existed? 00:48:00 NanoGPT and Venice are competitors?

    2h 9m
  5. Exploit Update, Nakamoto Coefficient, Protocol Owned Liquidity | Podcast #207

    Jun 12

    Exploit Update, Nakamoto Coefficient, Protocol Owned Liquidity | Podcast #207

    In this episode, we provide a marketing update, followed by a brief update on the exploit. We then dive deeper into a couple of bigger topics, such as sectioning and censoring, followed by discussions on the Nakamoto Coefficient and decentralisation. 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: 00:03:00 Kenton Marketing and Swap Interface Update 00:07:00 Chad gives a recovery update 00:08:00 KeyVerify has not been functional yet 00:10:00 GAIA IBC infinite mint bug was patched 00:11:00 KeyVerify is not necessary, but it's nice to be 100% safe 00:13:00 Is it a single node holding things up? 00:15:00 Ban Mimir discussion 00:18:00 Churn-out talk for nodes that are asleep at the wheel 00:19:00 How did the ban function work? 00:20:00 What if node or nodes could kick out other nodes? 00:21:00 The network will only allow 1/3rd to leave at a time 00:23:00 Badger protocol was attacked with a script on the website in the past 00:24:00 To Chad's knowledge, no one is being slashed 00:25:00 3.19.1 is coming today or tomorrow 00:27:00 Tuesday or Wednesday should be trading hopefully 00:31:00 Claude question from audience: Claude says it sees high risk of sanctions 00:32:00 AI psychosis 00:34:00 Fear-based content gets traction 00:37:00 THORChain cannot be used for money laundering 00:39:00 Who will sanction THORChain? 00:40:00 Crypto are individual nations with their own governance 00:45:00 THORChain could sanction others 00:47:00 The current economic system is definitely built to launder money 00:48:00 Sanctions are a sign the system is dying 00:51:00 Question: What if USDT froze the pools? 00:52:00 Smart contracts have been frozen 00:55:00 Game theory: If USDT goes crazy with freezing, they could get a bank run 01:00:00 Kenton: Positive articles will be coming once things calm down 01:00:00 Use tables and lists for better AI SEO—AI loves tables and lists! 01:01:00 It's expensive to sponsor content and it doesn't count towards SEO 01:03:00 Question: Can't we just ignore the unresponsive nodes? 01:04:00 Chad: When doing KeyVerify, we need 100% participation 01:05:00 Two forms of cryptography to secure the network? GG20 and DKLS? 01:09:00 Engineer in the office vs engineer in the field 01:10:00 The simpler a design, the less likely it can be attacked successfully 01:13:00 What other things are happening despite the current situation? 01:14:00 Zcash may be coming soon! And XMR!! 01:15:00 TAO is probably next. Need 3.20 first 01:16:00 THORChain is going to give people whiplash by coming back so well! 01:18:00 Still talking to Layer 1s and they still want to get listed! 01:20:00 POL: Let's make 25% 01:27:00 Question: What about burning? Are we getting rid of it? 01:31:00 RUNE is a better Bitcoin than Bitcoin 01:33:00 The winners will be determined when the crypto market gets proper saturation 01:34:00 Value is very subjective 01:35:00 Boone tries to correct Kenton's math, Kenton disagrees. NERD FIGHT!!! 01:40:00 Chad shares screen about most decentralized blockchain by Nakamoto Coefficient 01:46:00 Chad calculates THORChain's Nakamoto Coefficient 01:51:00 Deep dive into that calculation 01:58:00 Isn't THORChain the most complicated chain? 02:02:00 Mythos is out in the open with Fable 5? 02:04:00 Huginn is getting a more diverse skill set 02:06:00 Possible Serai fixes via AI

    2h 13m
  6. Zephyr Private Stablecoin and Yield Bearing Token | Podcast #206

    Jun 7

    Zephyr Private Stablecoin and Yield Bearing Token | Podcast #206

    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: 0:00 Intro 0:03:00 THORChain Marketing and Protocol Update 0:07:00 Zephyr Conversation Begins 0:11:00 Zephyr Presentation Starts 0:12:00 Supported Tokens and Where the Yield Comes From 0:14:00 What Is Zephyr? 0:16:00 Why Privacy Is Important and Necessary 0:18:00 Stablecoin Rails Currently Have an Off Switch 0:19:00 The Holy Grail of Crypto: A Decentralized Yield-Bearing Stablecoin 0:20:00 LUNA Mechanics Were Bad, the Idea Was Good 0:21:00 Stablecoin Reserve Mechanics 0:23:00 Dr. Future Explains Overcollateralized Mechanics 0:25:00 How Proof-of-Work Rewards ZRS Holders 0:27:00 Proven History of Hardiness and Stability 0:29:00 Community Incentives When the Zeph Price Drops 0:32:00 ZSD: Zephyr Stable Dollar Explained 0:38:00 ZYS: Zephyr Yield Share Explained 0:45:00 How Is It Sustainable? 0:48:00 Understanding the Risk Profile 0:49:00 No Lock-Up Periods 0:50:00 ZRS: Zephyr Reserve Breakdown 1:01:00 The Four-Asset Ecosystem 1:03:00 Block Reward Breakdown 1:04:00 The Zephyr Flywheel Thesis 1:08:00 Zephyr EVM Bridge 1:13:00 Could the ERC-20 Version Be Added to THORChain? 1:15:00 Audience Question: Is the ERC-20 Version Significant Enough to Scale? 1:20:00 The Best of Both Worlds Partnering Together 1:22:00 Where Is the Outside Money Coming From? 1:23:00 How Do You Acquire Zephyr Today? 1:24:00 Wallet Support 1:24:00 Stablecoin Swaps Will Be Free on THORChain 1:27:00 THORChain Fee Structure 1:30:00 Protocol-Owned Liquidity Growth and Considerations 1:38:00 Cost to Run Zephyr 1:42:00 Let's Get It on THORChain! 1:47:00 Stablecoin Speed and Finality 1:53:00 ZephFlow.live

    2 hr

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