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