Threadcast link:
/@khaleelkazi/re-leothreads-2uvw7wguo?referral=khaleelkazi
Link to recording:
https://x.com/khalkaz/status/1907448199595381106
Speakers
DISCLAIMER: The following has been generated by AI based on the publicly available recording of the livestream. Because the content is AI generated it may contain errors, so please keep that in mind when reading. Feel free to suggest corrections and/or add additional information/improvements in the comments. Read more: Introduction post for the AI Summaries project
Recap of the Cross-Chain Ecosystem Updates
In this episode of Chain Chatter, the host provided a comprehensive overview of the latest developments in the cross-chain technology space. The discussion covered updates from several prominent projects, including ThorChain, Maya, and ChainFlip.
ThorChain Updates
The host began by highlighting the recent changes to ThorChain's incentive pendulum system. An update was approved in the last 24 hours that shifted the way the network evaluates security. Previously, the system looked at the security across all nodes, but now it focuses on the bottom nodes to determine the effective security. This change was made to incentivize more RUNE bonding, as the network is considered under-bonded when viewed through the lens of the lowest nodes.
The host also reviewed key ThorChain metrics, such as swap volume and fee revenue. He emphasized that the fee revenue generated by the protocol is a critical indicator of its success, as it demonstrates the network's ability to capture value in the same way centralized exchanges do. While the RUNE token price has not seen a significant increase despite the growing revenue, the host explained that this revenue is being distributed to network participants like node operators and liquidity providers, which helps build a vibrant ecosystem.
Maya Protocol Updates
Turning to the Maya protocol, the host highlighted several recent updates, including the deployment of v1.18 and ongoing work to address bugs on Arbitrum and Radix. He was particularly excited about the launch of the "Cacao Pool," which allows users to stake their tokens and earn a portion of the swap fees while competing for liquidity. The host sees this as a positive step in designing economic incentives that benefit the overall protocol.
ChainFlip Updates
Regarding ChainFlip, the host noted the release of v1.8, which added features like automated stablecoin strategies, internal swaps, LP upgrades, and the Polkadot asset hub. He highlighted ChainFlip's ability to process large swaps with relatively low liquidity, which he sees as a unique advantage compared to other cross-chain protocols.
The Future of Chain Chatter
The host concluded by reminding the audience that the Chain Chatter X Space will now be a regular weekly event, held every Wednesday at noon Eastern time. He plans to invite guests from various cross-chain projects to discuss their work and share insights about the evolving ecosystem. The host expressed excitement about the opportunity to dive deeper into these topics and continue educating the community.