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THORSwap Updates Space ⚡️ $THOR
Recorded: Jan. 25, 2024 Duration: 2:36:36Space Recording
Full Transcription
Hey, guys.
Hey, man.
Glad to be back.
G to the M.
How are you?
G to the M.
Doing great.
Excited to chat updates.
What's been going on?
Yeah.
Good to be back on here.
I feel like it's been a bit.
Yeah, for sure.
I'm trying desktop audio, so let me know if it's all right.
Yeah, good to be back on here.
I feel like it's been a bit.
Yeah, for sure.
I'm trying desktop audio, so let me know if it's all right.
Loud and clear.
The beautiful voice of Mogarki.
The only one giving me a run for my money on that.
Yeah.
Cool, cool.
Should we get right into it?
Looks like we got a handful of people in here.
Yeah.
I'm just going to talk a little bit about that.
Yeah.
Cool, cool.
Should we get right into it?
Looks like we got a handful of people in here.
Yeah.
I'm just going to tweet out links to some of the proposals we might cover today, so you
can easily pin them when we get to those.
But yeah, feel free to get started.
Sure, yeah.
We can start there.
Maybe we'll see if a few more people come in for that, I guess.
Maybe we can start with some of the recap stuff, and then as people get in, we can get
into some of the current proposals and focuses and things like that.
What do you think?
Yeah, sounds good.
Cool, cool.
So you were mentioning the recap.
Is the recap up or not yet?
It'll be up shortly.
You can just cover it in this space.
Okay, cool.
And if you'd like to.
Let me get that pulled up if there's a draft I can find.
Or feel free to kick it off.
What's on the list there?
Sure.
Yeah.
Sorry, guys.
This is a very belated 2023 overview post we're going to make.
Happy New Year.
Happy New Year.
Happy New Year.
Happy New Year.
Yeah.
Well, hope you won't have found the scavenger hunt fun.
We did the easter egg hunt before.
But yeah, this one was pretty interesting.
I think there was a few at the end that was slightly harder to find.
But yeah, hopefully we can do more cool things like that soon.
Any highlights from that?
Like what were some of the weird ones, if you remember?
Hard to find.
I think most of them were found within an hour or two.
The hardest one was probably, I think it's like Sin's E to Sin's Thor.
That's like double Sin.
I think that caused people a bit, took like a day or two.
Well, yeah.
Just like one specific pair.
That's, yeah.
Yeah, yeah.
I had dropped some hints like, you know, in there.
Nice.
But yeah, that's fine.
That's cool.
Hopefully some people in here got some Thor out of that.
Yeah, hopefully that made a few people read the terms and conditions.
Because that paid you on.
There was a few heads on that page.
Nice.
But yeah, let me just quickly cover some of the key things.
You know, key highlights of 2033.
Obviously, as expected, you know, I think everyone knows that a stream source was like a major game-changer feature.
And if you check on Thor yield, like, you know, ever since the launch of streaming swaps, we saw like a massive volume increase.
So overall, quite exciting to see the total volumes from 2033.
We had about 271 and a half, like million rune in volume, which equated to about like, 1.1 billion or 1.2 billion.
Yeah, almost 1.2 billion, like US dollar value.
So quite a big improvement for sure.
Especially considering most of the year was spent in the depth of the bear.
Yeah, not a bad bear market year for sure.
Looking forward to dwarfing it this year, hopefully.
But I was pretty excited to see that we crossed over a billion for the year.
Yes, and we're starting off really strong.
It's like, we've already, what is it?
It's like 100 something percent, 139% right now of the monthly volume target.
So I know some folks are concerned about like, you know, maybe the target being hard to reach as we keep smashing it.
But yeah, it seems to be doing great so far.
Yeah, no doubt that was like the breakthrough feature of 2023.
And yeah, it seems like it seems like that's just going to be dwarfed.
You know, hopefully in time, we'll, we'll be seeing what was daily as or what was monthly as daily or something, you know, like, not just on ThorSwap side, but just for ThorTrain as a whole, like that was kind of the, I think, long term, that'll be looked back on as like such a turning point feature.
Yeah, sure.
I think like, so overall, we generated 1.62 million USD affiliate fee earnings, making us still making ThorSwap the top ThorChain interface of 2023 by volume.
And I mean, the top swap route was still BTC with Room.
So overall, in terms of the TVL for ThorStakers, we also saw that jumped about a 50% increase from last year.
I'm sorry, from 2022.
So it's now, so we just hopped over 100 million ThorStakes.
It's 107 million Thor right now.
So yeah, and of course, alongside the governance, we burned 64.47 million Thor.
So yeah, exciting times.
Yeah, I think last year at this time, maybe I got my timeline wrong, but I think Thor burning was just an idea still, right?
We were just getting started on that path.
So to see, you know, more than 10% of the max supply burned in one year is pretty significant.
You know, I'm sure we'll get into that more with the proposals.
But personally, I'm feeling like, okay, we burned a lot.
Maybe we got to think about slowing down soon.
I know other people have the opposite idea where they just want to burn everything.
So it'll be an interesting thing to discuss.
Yeah, for sure.
I think that'll be a theme for this space, actually, as we kick off the year.
We have a lot of community proposals and discussions.
So we thought it would be good.
You know, we can get through some of those for sure.
For sure.
Yeah, that's something we've always planted the seed on, on these spaces is like, how else can the community incentives be used really to just like, you know, spread adoption and get this thing out there.
So, yeah, definitely want to continue to encourage that conversation and not necessarily just have that be burn it all, though that is sometimes fun and has been fun.
But yeah, I think I think I would personally agree with with what Moog just said is probably probably close to time to start considering some other things and hopefully see some of these other things that have kind of been back burner for a while.
Like, like, like, like, we've talked maybe affiliate program things like that that could be tied in with with community incentives.
So hopefully we'll be seeing some of those things kind of kind of get back in the spotlight.
Yeah, for sure.
Yeah, for sure.
But before we get to that, though, because I think when we get to the community discussions, it'd be good for some of the, you know, we'll be putting out, you know, door holder slash community member hat on.
And, you know, rather than trying to sway, obviously, people's opinions with as contributors.
So we'll definitely definitely, you know, put your hand up to like, you know, you know, lead, take the lead of conversations if you want to, if you feel very strongly about certain proposals.
And of course, as always, if you have good questions and, you know, for anyone who sort of hop on space, we'll pick to win itself, like, you know, merge to get out at the end.
So, but yeah, before we hop into that, do you want to cover sort of some of the focuses, areas of focus for sort of like Q1, Q2, like early 2024?
Sure. Did we get through everything we wanted to just on recap stuff?
I mean, there's a lot of other highlights, too, for sure.
So, you know, a big one was we started formally introducing, like 2023, like sort of formal introduction of Socket, our own like API and SDK suite of like cross-chain products.
So, so far, you know, we had like, we still have been used in Edge Wallet, Coinbot, there's SQL Finance, there's a few others that we're yet to announce and a lot of partnerships, our integrators like currently working on, you know, integrating SwapKit.
So I think this will be a very exciting year to start like running out, you know, more news and more integrations.
I think one interesting goal to keep in mind would be like, like, when will a SwapKit integrator outpace ThorSwap's own volume?
That'll be a cool milestone.
Looking forward to it.
Yeah, that's something we should have as a North Star for the whole community. That'll be cool.
Yeah, for sure.
Help my memory, was Savers 2023 or was it before that? I guess it was before and then Staples got added?
Yeah, it was before that. I was going to print like, oh, exactly when? I can't remember. I was going to tune to, but yeah, definitely Savers, Staples got added and which was like a massive one for a lot of people.
And now that you can also stream into Savers and stream out of Savers, that's also made it really, you know, easy and accessible to use.
Yeah, I mean, streaming just generally, actually, like sort of was a huge game changer last year.
For sure. I mean, that definitely led to a lot of scaling in Savers, even if it launched before that. But yeah, definitely like felt like the year that it kind of found its fit in the market for sure.
Yeah, I can't say I've ever seen another feature, like come to an existing protocol and make actually such a ginormous impact on, you know, the market adoption of that protocol like streaming swaps has.
There's always noise around like every EIP, every bit like, oh, this is going to be the game changer. This is going to be the one that, you know, reduces gas by 100x or whatever.
And it's very rare to see those things come to fruition. But with streaming swaps, streaming Savers, like that feature has really just skyrocketed the whole protocol. So that's been pretty sweet.
Totally.
Yeah, I think the surprise was just the fact that like, it was so organic, like, because we all love the idea, but it was the market that really like showed us how powerful the feature actually was.
Yep.
Yeah, and it's still like really just getting started. I mean, when did that launch? Three, four months ago or something? I don't even, my timelines are all screwed up. But it feels like it hasn't been that long.
I think it was October.
Okay. So, so yeah, it was approximately right. But yeah, I mean, as we kind of see, like, you know, use like, the last few months have been kind of wild and like, in just in terms of broader like usage kind of kicking back in and like, that is a feature that's going to be like, come in handy so strongly when things are in full swing, you know, so like, that's great to have that foundation set. Like, there was so much building.
happening through through the depths of the bear and that's going to be like, something that just pays off so well, like when big users are coming in kind of ties into one of the things we were going to get into for areas of focus. This one is kind of just happened. But I feel like a lot of the things we were going to get into for areas of focus.
this one is kind of just happened. But I feel like it fits in right here is like the swapper cloud and network improvements. Because that kind of came out of out of streaming swaps led to then, essentially congestion due to like so much more usage, right? And like now just in the recent what week or two,
like swapper cloud rolled out rolled out and now 90x improvement to median transaction.
time. So no longer waiting for like hours and hours and hours when everyone's doing streaming swaps. So I feel like that's another one of these like small things that doesn't feel super sexy or super exciting. But when you kind of think about it and look at look at like, just the average user's experience, it's like a massive, massive shift in, in that. So that's another really, really pretty big one, actually.
Yeah, for sure. I think, you know, the impact on the outbound delays is going to be amazing for just the overall experience. And even for ARBs, like to be able to ARB these big swaps where we've seen in the past, like,
oh, someone came in and, you know, did a $4 million swap, and that threw the pools out of balance. For the ARBs to be able to use their swapper cloud and, you know, make more trades faster and keep those pools balanced is, you know, going to lead to more accurate price
execution, happier users, more volume, etc.
Totally. Yeah, ultimately comes down to like keeping the user experience good for people. And as it's getting integrated into like, so many mainstream wallets and stuff like can't have people waiting 12 hours for a swap or something like that. So yeah, that's a huge, huge one. Big improvement.
What else did we have from 2023? I think I just saw something a minute ago that was pretty cool.
You know, we did a lot in the ThorSwap UI. You know, the transaction tracker was a big one, being able to see what's going on with your transaction. I think a lot of people already forgot by now. But for, you know, probably two years, all we had was a spinning circle to find out what was up with your transaction. And, you know, now you can see what leg is your transaction in? How many streaming swap segments has it completed?
What's the estimated time of arrival? What's the estimated time of arrival? I think that was a great improvement overall. Definitely, we've had some technical challenges with that feature, but I think it's in a better state and getting better all the time. So I think that was a great addition to the UI this year.
And then another one that I'm really more excited about than most is the streaming swap settings or just the regular swap settings that we recently updated. So now it just makes it much easier and more intuitive to adjust your slippage.
Or, you know, if you're a power user and you want to choose, you know, how fast you want your swap to complete, how many sub-swaps you want to happen. If you want to DCA up to 24 hours, you can control all that right from the UI. So you get pretty granular control over those swap parameters.
I'm curious how you guys feel the feedback has been on that. And I'm curious even just to throw that out to the community. Like, have you guys been using that feature, tweaking that, or are you kind of just going with the default? Or is anyone, any contributors kind of like monitoring how many streaming swaps are having non-default settings? Just kind of curious, like, how that's been since launching that?
Yeah, that's a great question. We should try to pull some reports on what's different than the defaults and how many people are with it.
Yeah. Still new, but yeah, that'd be really cool to see, just to kind of figure out, like, oh, what are, like, what are users actually trying to do? Like, what are they generally trying to optimize for? But it's also great, just even if it's only a small percentage, that's kind of the point, too, is, like, the default should be what people generally want.
But then to be able to do these, like, edge case scenarios is still, like, hugely useful for when that's what you want.
Yeah, I think, like, after Swapper Cloud, you know, is launched, I think it actually came at a really good time, because now that, you know, with the, with less, like, outbound delays, you know, now people will actually have a better choice between, you know, like, speed versus price.
Right.
So, yeah, I'm curious to see what the configurations are. Actually, Chad, you know, it is the tweet that we made about it, the flop settings is pinned still, but on the ThorSwap, like, Twitter X page.
But you can pin it to this, like, space if you want, just so that folks know what we're talking about.
Cool.
Yeah, I'll pin that up right now if anyone hasn't, hasn't seen that.
Yeah, so, like, it'll automatically pop up if your swap size is actually, you know, benefits from streaming swaps.
But, yeah, normally, you'll see slippage adjustments now.
It's that slider that should show up.
Very cool.
Yeah, we've had, yeah, we've had, like, some users, I think, when we just launched it, did mention that maybe, you know, it could be, like, an advanced feature.
And then we go back to the, like, the classic sort of speed versus price.
Yeah, I think we're open to all feedback on that front.
For sure.
Yeah.
Yeah, I think we have a small tweak in coming for that, or we're just going to kind of minimize that section for most people.
And then you can expand it if you want to.
That way, the defaults, you know, you don't feel like you have to make a choice.
I think a lot of times it's intimidating when you're, like, I don't know what to do here.
So, if we make it seem like you don't need to choose, then you can just proceed.
And then if you know what's up, you can just expand it and make whatever changes you want.
Yeah, I'd agree with that.
You know, most users just want it, like, simple without kind of even needing to know every, yeah.
I mean, how many people truly even understand all of the little intricacies there?
But, yeah, good to have the options.
One of the cool things that we did behind the scenes that I don't think has gotten any publicity,
I don't know if we even mentioned it publicly, was just changing the default slippage settings.
I'm not sure if Oleg's in here.
Maybe he could dive into a little bit more of exactly how that works.
But, you know, what we're doing basically in the back end now is,
depending on what your swap is and what your swap pairs are and how large the swap is,
the API is making a recommendation of what the default slippage should be.
Instead of, in the past, like, we just tried to pick a number.
It used to be 1%, and then there was too many refunds, so we raised it to 3%.
Now there's a bit more intelligence behind determining what those automatic slippage settings should be.
Hey, guys.
Yeah, exactly.
So one of the main things that we're trying to do in the back end is also making sure that the defaults are super safe.
So with all the data that we've collected from all the streaming swaps,
but really since we were the first interface to integrate with streaming swaps,
we've got tons of data to kind of make the best decisions.
And basically, if you're doing a super large swap, then we're going to tweak the settings so it's a bit safer for you, the defaults.
But if you're making, like, a very normal swap, then we'll just try and get the fastest and the one that will lead to the less refunds.
But then also there are a couple of things.
If you are swapping against pools that don't have a strong secondary market, then we change those settings as well again.
And also we have an automatic switch that if for some reason the TorChain network itself,
like if sins are paused or whatever happens on the network,
then automatically it switches to the safest settings for everyone.
So again, it's really in the details, but we're just trying to make sure that all the users,
no matter their swap size, get the best and safest experience, no matter their network conditions.
Nice.
That's awesome.
Love that.
Kind of just curious, though.
So does this mean, like, in pretty much, because for a while when streaming swaps came out,
it kind of went to just, like, the no price protection, right?
Because, like, at first there was a bunch of failing.
I guess now that's rare unless you actually just intentionally choose no price protection, right?
Like, meaning, like, now we kind of have the data such that, like, for different swap sizes,
it intelligently understands, like, where to place a cap slip on that size.
So now there is price protection in most cases.
Is that right?
Exactly.
So there is price protection in all cases if you don't tweak the settings.
But if you tweak the settings so you can go past optimal and to slower, sort of into a DCA,
in that case, we remove the limit because you're explicitly choosing to make the swap longer
than necessary and explicitly choosing to, yeah, just DCA over sometimes.
So then it really doesn't make sense to have a limit.
But for all other scenarios, by default, you have a limit depending on the pools you're interacting with
and the size of your swap.
Right.
That makes sense.
If you're going for slowest, you're basically saying,
I want to be exposed to the price movement over this period of time.
Exactly.
So obviously we can't put a limit there because it's pointless.
And regarding DCA or longer swaps or past the optimal point,
so right now the limit is 24 hours.
That's a limit defined by TorChain the network.
It is actually possible to do longer swaps than that,
I think up to a year for Synth assets, but you have to be coming from Synthetix.
We don't allow it yet on TorSwap just because we have like doubts
and we're a bit stressed about the user experience
because right now TorChain does not support cancelling a streaming swap.
So say you're swapping, I'll take round numbers,
like one Bitcoin for USDT and you want to stream that
and do a DCA over, I don't know, a month,
then we have no ability to let you cancel that swap
within two weeks or after three weeks.
We have to just let it go through.
So since the UX might be a bit hard to lend,
we don't allow it, but it's technically possible.
That's interesting.
Also, you don't get the assets like throughout the swap, right?
You get it all at the end, right?
So like you'd be essentially like stuck waiting.
Exactly.
Yeah.
Interesting feature though.
And yeah, maybe if, I don't know if cancellations or something
that's still kind of in the works are coming,
but yeah, it makes sense to, I feel like, yeah,
people would be hesitant to use that probably anyways
if there's no cancellations
because yeah, you're making quite a commitment to do that.
So it makes sense to kind of like limit it to the 24 hours.
Yeah.
I've been pushing for streaming swaps V2
with the V2 being mainly the ability for users to cancel.
I think it's just, it has fallen into the nice to have category
and it's not being prioritized and I understand.
But yeah, until the Torchain commits to improving the possibilities
with streaming swaps, I think the current user experience
is as advanced as we can push it reasonably.
Yeah.
I could see like, I don't know,
I could probably imagine some downsides
or like why you would hesitate to do that,
but maybe it could be like only cancellations
that are for really long-term swaps anyways,
just so there's not like stuff, everything being,
a bunch of things being canceled for whatever reason
and just causing a bunch of confusion.
But like if it was,
even if it was only 24 hour plus streaming swaps
that could be canceled, that would be cool.
Cool, cool.
What else we got here?
Oh, I can cover a few more.
Obviously, we saw the launch of lending.
It's been a bit, you know, of a,
like it's been quiet just because of the massive,
the massive like swaps and stuff like volume recently.
But, you know, at the moment,
borrowers have exceeded the lending cap of Bitcoin
and I still get people asking, you know,
on a day-to-day basis about like, you know,
oh, when can I still take a lot of loans using Bitcoin?
So, yeah, it'll be interesting to see how that,
how the feature of like the product evolves like this year.
Yeah, it feels like that gets into,
it feels like that definitely gets into the whole like,
how risky should the thing be?
Endless question in the Thornton community.
Because, yeah, I mean,
I think it's capped out because of the constraints, right?
Like it, so it hit the caps, but,
but overall like, yeah,
as far as on like the, the, the interface side,
like, I don't know,
I haven't heard of any, any like issues,
stuff like that.
So I would say that's been,
that's been a success as well.
Seems to be working, working well.
Yep, always, obviously, you know,
looking for feedback on,
on the UX interface side of things.
I think there is a minor issue recently of like,
users sort of getting stuck with like a penny,
like worth of,
worth of like loans.
And then it has to be sort of resolved using memo.
I don't know if you,
you have much idea around that, Oleg.
Sorry, I made that by,
could you repeat that please?
Oh, I think I was just saying like, you know,
we could always obviously improve the UX.
I just like recently,
I think there's an issue where like users might get stuck
with like one penny with,
when they're trying to replay the loan,
the loan,
just because the way like,
I think actually,
what was the course for it again?
But yeah,
if you don't know what I'm talking about,
like, it's okay.
You mean like they pay back the loan,
but it doesn't like fully zero it out.
So there's still like a one penny loan,
like open that they're trying to close.
Yeah, that's,
that's a tough problem.
So for everything lending,
Thornode and Torchain devs have been really,
really great in that they provide us with endpoints
that we can quote,
but obviously Torchain being a faster chain
at a block time of six seconds,
basically the on-chain price of each asset
can fluctuate mostly faster
than all the external assets
or the ones that are enabled for lending.
So obviously it's a bit hard
for everyone to nail that experience.
But yeah,
I definitely hear,
and I have seen some of the complaints
or reports from users saying,
well,
I'm trying to close the loan,
but I'm stuck with like a two cent repayment needed now.
But to be honest,
on our end,
it's really hard
or next to impossible
unless we just bump the amount
and ask for everyone
to repay a little bit more
than what they owe.
And because of gas fees,
as well,
yeah,
it's just a hard experience to nail.
Yeah,
the,
you know,
our amazing community member,
Koitsu Aiki,
wrote like a really detailed tutorial
for basically doing a manual loan repayment
through memos,
which has been great
to help users
sort of get their last penny out
and get the collateral back.
But yeah,
like just wanted to let everyone know
but we're definitely like looking into it.
It's not something we're not aware of.
But of course,
you know,
any feedback is always welcome.
You know,
feel free to like at me,
at my,
at PepperX on the Discord
if you ever have any,
you know,
other issues.
Other than that,
I think we,
one other thing is obviously
we saw Binance Smart Chain
being added in 2003.
It was the only
L1 block,
new block of chain integration,
but obviously a much requested one.
And,
actually,
I was going to ask like the 4 Chain account
because I saw it like
on the space just now.
But yeah,
it's interesting timing
because we've saw recently
that
Airbnb is considering
like deprecating
the BEP2 chain.
I think we,
you know,
4 Chain added
Binance,
BNB's smart chain
at kind of like the perfect time.
we'll probably see
like a plan
like announced soon
in regards to like
how the BEP2
like beacon chain
will be,
you know,
rack and rock
and sort of deprecated
on the 4 Chain side.
but yeah,
now that we've got
and also we launched
like ThorSwap launched
with PancakeSwap
DexEgregation.
So you obviously
like on ThorSwap
we support all the
like hundreds of BEP20 assets
now as well.
Yeah,
it's
quite
important
I think milestone
as well
for 2023.
Sorry,
I didn't realize
I was talking on mute
for a second.
literally same here.
Go ahead.
Yeah,
I was going to say
am I the only one
that is passionate
about BSC?
I did see
I will think
a couple weeks back
Pluto said,
you know,
let's get the network
back up and running.
AVAX was halted.
you know,
churn wasn't happening.
Get all that handled
and then we'll start
addressing the BNB plan
going forward.
I think,
yeah,
Binance did make
that announcement
that the
the old BEP2 chain
is not long
for this world.
kind of sad
to see it go
just for nostalgia reasons.
yeah,
good timing
adding BSC
so it'll be
an easier transition.
Yeah,
actually while
this is happening,
I guess
like
essentially
Thorswap
like one of the only ways
you can still bridge,
you know,
you can still move the fund
from BEP2 to BEP20.
there's a
I guess
big public service
announcement here as well.
Like if you haven't
started yet,
maybe,
you know,
it's worth
thought to kind of
start looking into it.
Yeah,
Thorswap got a mention
in their
announcement,
right?
That was kind of cool.
You definitely
don't want to end up
like how I ended up
right now.
I still have
a whole bunch,
thousands of dollars
of Synth UST
and Synth Luna
in my wallet.
Oh man,
those might be
collectibles someday.
extra collectible.
When we're all
billionaires,
you know,
those will have some.
Just kidding,
of course.
Not.
that's cool.
Yeah,
I think there's a couple
of like
centralized
exchanges
that still support
BEP2
rune
and some users
I think they help
like people swap
you know,
their rune
just for tax reasons
I think I heard.
But anyway,
yeah,
definitely just
FYI to like
users if you still
have like
BEP2 assets
or even,
you know,
for some reason
BEP2 rune
best to look into
how to like,
you know,
move that to BSC
or just swap
your rune to
native rune
if you can
because obviously
we don't know
the BNB timeline
do it soon.
Have we seen
like,
have we seen
kind of
cannibalize
BEP2
a bit on
ThorChain
or like
I haven't really
looked at how
that's shifted
over time
but like
I remember
the theory
was kind of
like
oh well
maybe
because it's
like
BUSD
was so popular
BEP2
but like
I wonder
how that's
compared
I'm trying
I'm trying
to pull
that out
well
like
savers vault
is filled
more than
the BNB
the BEP2
sorry
yeah
savers vault
that's a mouthful
it's more
it's like
twice as filled
as the
like
beacon chain
like BEP2
savers
there's one
metric
it looks like
there's been
more volume
on the
if I
know which
icon is which
at least
recently
yeah
I mean
more volume
on less
liquidity
so yeah
there's probably
a lot of
like old
liquidity
just hanging
around
though
that will
I mean
they'll need
to figure
themselves out
yeah
if any
users still
LPing
like
beacon chain
like
other
BEP2
assets
yeah
I would say
like
probably
start a
migration
soon
yeah
it's still
one of the
deeper pools
really
or just
look around
to the end
and you know
get some
extra
rewards
from
everyone
moving in
the assets
I wouldn't
be surprised
if you know
like BNB
has to make
an announcement
of like
oh yeah
use store
chain to
like
move these
assets
because
I think
they don't
even have
their own
bridge
anymore
I do
think
there is
some
bridging
functionality
built into
some of
those
tokens
don't quote
me on
that
but I
read
one of
articles
think
using
their
wallet
there's
like
transfer
some
tokens
just
make
sure
your
research
before
attempting
that
stuff
happen
have
some
from
beacon
chain
might
have
look
into
tokens
moved
pretty
sure
that's
functionality
offered
within
their
wallet
nice
think
those
most
mainly
features
other
thing
wanted
mention
like
actually
have
this
like
this
wallet
interface
update
medium
article
drafted
months
thing
think
maybe
folks
haven't
realized
this
added
a lot
wallets
support
over
2023
this
article
just
kept
getting
updated
never
posted
because
many
point
yeah
support
wallets
across
browser
mobile
hardware
that's
including
updated
Wallet
Connect
mobile
wallet
front
through
Wallet
Connect
there's
obviously
I can't
remember
how many
there's
pages
wallets
that
they
support
yeah
obviously
that chart
is getting
ridiculous
with more
chains
and more
we've
got quite
a few
to look
as well
shout out
Toan
being
wallet
master
yeah
I think
that really
helped
with like
user
accessibility
as well
last year
yeah
for sure
definitely
yeah
that's
getting
to be
a pretty
long
list
there
hopefully
it gets
to a
point
where
I mean
pretty much
is already
there
but like
any wallet
that people
are really
using
supported
which
pretty much
there
I don't
are there
that have
been
like
highly
requested
that are
supported
there's
actually
some
that are
already
SwapKit
which
haven't
quite
made
want
check
GitHub
probably
them
there
there's
another
hardware
wallet
coming
very
soon
that
KeepKey
KeepKey
has been
an OG
hardware
wallet
that was
at some
period
in time
owned by
ShapeShift
not anymore
but there's
a lot
of crypto
native users
and I
really love
the UX
on KeepKey
because
you don't
have to
switch
your apps
all the
time
you can
access
all of
your wallets
like if
you had
a keystore
connected
and you
can have
them all
in a
hardware
wallet
so I'm
excited
to add
that
another
PR I
raised
MetaMask
snaps
so that'll
be an
interesting
addition
to see
as well
into
course
well
that
you just
described
KeepKey
sounds
awesome
because
that's
definitely
one of
the main
hurdles
with
multi-chain
swaps
and hardware
wallets
is it's
like
connect
then
disconnect
then
connect
the other
there's
just
been
some
convoluted
steps
involved
with
that
gonna
have
pick
those
that
sounds
really
awesome
will
that
support
yeah
nice
okay
yeah
they
support
like
what
looks
like
every
Thor
chain
check
your
chat
I'll
send
free
code
dude
sweet
yeah
shout out
Highlander
from
team
who's
like
been
contributing
a lot
of code
SwapKit
actually
I was
gonna
like
I see
this
account
actually
this
space
Rose knows
that
KeepKey
they
heard
signal
of us
talking
about
KeepKey
automatic
notification
to join
space
that's
amazing
yeah
it's
crazy
yeah
there
clearly
some
high
powered
devs
there
work
that
yeah
I mean
anyone
wants
share
anything
mentioned
through
these
topics
feel
free
your
hand
well
yeah
sure
people
people
welcome
join
like
paper
said
earlier
we'll
give
away
a couple
Thor
swap
merch
items
people
that
stick
around
especially
people
that
come
some
questions
give
thoughts
whatever
that's
coming
yeah
yeah
how do
you guys
want to
do this
because
the final
thing
I was
going
mention
like
obviously
know
proper
process
being
made
governance
community
have
formal
system
community
ideas
discord
moving
temperature
check
polls
forum
then
move
chain
voting
that
matured
quite
a lot
which
burn
being
quite
successful
even
amendment
made
burn
proposal
think
this
space
could
cover
recent
ones
three
four
major
proposals
going
recently
draft
proposals
before
jump
into
specifics
those
proposals
could
just
quickly
review
changes
that
we're
doing
around
removing
requirement
connecting
your
wallet
vote
forum
then
quorum
rules
I was
going
guys
want
through
proposals
first
then
wrap
this
space
with
areas
focusing
areas
focus
should
that
let's
save
those
yeah
save
that
that's
cool
so yeah
so as
Mo mentioned
we've got
our forum
temperature check
polls
big feedback
a lot of
users
have given
recently
is the
fact that
previously
it was
token gated
so you have to
connect your
wallets and
verify you have
Thor or
V Thor
and to
be able
to vote
those
polls
there's
a lot
hurdles
jump
sometimes
there's
technical
issues
and all
that
we've
updated
process
like
post
and as
well as
tutorial
on how
to make
Thor
draft
proposal
so now
you just
need to
anyone can
vote
as long
as you're
a member
of the
forum
you know
sort of
recommend
you know
well
sorry
recommend
want to
put in
just like
you know
quorum
which means
like you
need at
least 50
votes
on any
temperature
check
poll
to be
able to
move on
then move
on to
on-chain
governance
so that
should
recent
draft
proposals
that
were
polls
running
should
fall
under
those
rules
like
anyone
vote
those
correct me
if I'm
wrong
Moog
like
it's
it's
just
like
amount
participants
right
it's
like
vote
overall
like
just
like
necessary
yeah
I would
it's
overall
participants
it's
then
know
you're
going to
have
what
like
maybe
could
have
no's
yeses
we're
going to
make
other
around
need
have
yeses
just
just
some
participation
because
doesn't
make
sense
someone
make
proposal
to be
interested
three
people
vote
and then
we have
to go
to an
on-chain
vote
just
because
people
voted
yeah
just
trying to
push
some
level
this has
a little
bit of
traction
before
we put in
any legwork
to say
this is worth
an on-chain
snapshot
yeah
exactly
yeah
just wanted to
double check
that
yeah
okay
Chad
can you
help
some of
recent
drafts
so we can
sort of
go through
them
yeah
sure
did you
tweet them
or where
have they
been
tweeted
yeah
I tweeted
from
okay
sweet
let me
find
those
I'll
them
cool
I guess
we can
start
with
that's
already
completed
poll
which
potentially
expand
proposal
expand
thought
I guess
thought
staking
arbitram
yeah
this is
a big
topic
I'm glad
Oleg
is here
to help
discuss
I just
pinned
the whole
thread
because
there's
a few
underneath
there
just
click
into
thread
then
you'll
several
links
there
probably
easier
than
pinning
each
think
I was
thinking
we could
each
like
onto
that
yeah
we can
we can
that
I can
that
let me
just
remove
main
maybe
delaying
first
arbitram
yeah
yeah
okay
yeah
hop onto
forum
you'll
you know
all the
recent
ones
anyway
all the
context
is there
in the
proposal
you know
so this
is kind of
based on
community
feedback
and concerns
around potential
like motivation
that's basically
high gas fees
right
so you know
the community
is suggesting
we move
on to
a lower
gas fee
chain
sort of
deploy
so not
move
on to
we still
got the
ethereum
mainnet
thought
obviously
but the
potential
deployment
expansion
onto
another
chain
arbitram
sort of
took the
lead
as in
terms
like
you know
community
feedback
and I
think
Oleg
you know
you were
quite
involved
in the
discussion
around
this
right
if you
have
anything
to add
definitely
I'm a
fan of
having
thor
token
I think
it's just
fitting
to have
it on
another
chain
since we
are a
multi-chain
and cross-chain
platform
I'm not
my uninformed
opinion
arbitram
is great
but to be
honest
I'm not
necessarily
sold
it could be
AVAX
could be
well maybe
not BSC
that's
not my
favorite
chain
but I
would be
open
to any
other
that is
desirable
and that
community
involved
with
a couple
things
think
first
it's
matter
being
ready
next
goal
clearly
remember
Ethereum
being
unusable
weeks
if not
months
at a
time
really
isn't
inclusive
it's
just
very
flexible
only
Ethereum
then
some
random
morning
where
NFTs
come
back
life
something
else
happens
everyone
Blackblock
launches
their
iShares
Ethereum
whatever
the network
unusable
then
people
can't
sell
stake
whatever
they
can't
door
think
it's
just
because
contract
already
exists
what
would
like
community
support
burn
million
door
from
community
incentive
open
contract
this
secondary
chain
where
it's
cheaper
with
million
limit
basically
tour
tokenomics
don't
really
change
then
facilitates
a lot
stuff
while
also
future
proofing
token
remains
usable
affordable
it's
more
inclusive
smaller
traders
smaller
players
also
really
helps
whenever
want
those
Easter
eggs
airdrops
whatever
figure
okay
minimize
costs
we'll
need
make
this
contract
that
people
themselves
because
it's
going
cost
$10,000
airdrop
everyone
think
having
this
other
chain
just
removes
shackles
many
cool
stuff
that
also
enables
more
flexible
staking
options
think
where
have
contracts
that
it's
really
reasonable
investigate
obviously
comes
with
some
cost
some
time
need
make
sure
that
incentives
correct
that
arbitrageurs
rebalance
price
between
chains
also
probably
have
cede
some
liquidity
it's
definitely
just
snatch
your
finger
it's
done
still
think
it's
really
worth
exploring
community
yeah
there's
a lot
different
directions
take
discussion
about
living
another
chain
think
universally
agreed
upon
benefit
everyone
cheaper
question
fundamentally
what
are we
going to
with
cheaper
right
buying
staking
Thor
that's
interesting
it's
that
compelling
often
buying
staking
Thor
most
people
doing
that
every
know
usually
wait
other
thing
that
there's
there's
such
thing
like
chain
that's
fully
resistant
spikes
that
with
avalanche
recently
know
we're
used
paying
pennies
transactions
avalanche
then
of a
sudden
know
were
paying
a few
weeks
think
need
carefully
consider
that
know
there's
also
some
challenges
around
like
if we
burn
50 million
or 25
million
or however
many
Thor
you know
we don't
have the
ability
remint
them
it's
it's a
little bit
different
than
you know
if you
think
about
Thor
chain
protocol
like
when
they
lending
there's
burning
minting
Rune
don't
have
mechanism
mint
more
Thor
decide
that
this
wrong
idea
future
interested
hear
there
other
ideas
maybe
this
just
ignorance
maybe
this
already
exists
like
there
contract
that
lock
into
before
gets
created
Arbitrum
then
the only
Arbitrum
back
locked
position
something
like
that
that
keep
those
things
balance
have
undo
button
what
Arbitrum
chain
gets
very
expensive
what
some
reason
fails
then
have
percent
supply
there
that
could
problematic
long
there's
a lot
interesting
questions
think
about
overall
think
your
creativity
can run
a lot
more
wild
introduce
more
interesting
things
like
refunds
rewards
small
amounts
there's
definitely
some
reasons
to do
it's
super
easy
push
that
button
type
have
folks
really
knowledgeable
about
that
feel
free
to put
your
hand
join
space
actual
governance
front
just
want
everyone
know
that
poll
passed
told
Slicex
this
initiative
that
actual
on-chain
vote
will
happen
soon
only
changes
that
made
draft
proposal
specification
around
execution
part
because
right now
really
proposal
focused
idea
right
on-chain
vote
would be
really
planning
actually
this
expansion
possible
terms
execute
because
haven't
actual
technical
analysis
of it
there's
a lot
can't
actually
really
promise
haven't
actually
looked into
details
that
being
said
have
contact
with
off-chain
labs
team
I've
already
approached
them
some
recommendations
as well
as examples
of other
protocols
doing
such a
move
yeah
sure
if the
actual
proposal
adopted
passed
then
we'll
be able
spend
some
time
give
some
better
breakdown
of how
this
would
work
if we
actually
go ahead
with
this
yeah
a bridge
or some
locking
mechanism
could be
desirable
also
think
great
case
having
Thor
cheaper
chain
would
maybe
incentivize
voting
especially
in the
beginning
governance
some
TIPs
have
great
participation
some
of them
participation
has been
a bit
lower
having
cheap
also
tokens
coming
from
community
incentive
pool
also
enables
small
and easy
rewards
vote
you get
I don't
know
something
like
that
makes
super
easy
incentivize
such
ecosystem
participation
yeah
for sure
I think
having
better
efficiency
will
definitely
open up
a lot
of ideas
around
utilities
Thor
V Thor
for sure
yeah
hard to
disagree
with the
overall
direction
I think
the points
you guys
made
are great
though
it requires
some
thought
it's not
just
push
button
it's
solved
directionally
I think
leads to
a lot
good
things
a lot
easier
stake
unstake
swap
as well
as all
the other
things
that could
built
that's
exciting
like
little
rewards
the gas
stuff
could be
really
interesting
who knows
what else
could
emerge
way down
the line
on a
chain
where gas
is not
$300
in the
future
I just
brought up
SM50
I don't
know if
you had
something
on this
topic
but feel
free to
chime in
I brought
that subject
in Discord
regarding
Tor on
our return
or another
chain
if there
was to be
used
so I
guess
it's just
to be
mindful
or careful
about
that possibility
that we
like
what
X-Rune
dodged
with the
multi-chain
hack
or rug
whatever
that was
because
they
used
bridge
or I
don't
remember
I think
they were
using
all bridge
for their
token
so they
dodged
that bullet
but if
all that
X-Rune
would have
been
bridged
multi-chain
that would
have basically
rugged
everybody
that had
X-Rune
right
so that
exposes
us to
another
risk
doing
that
yeah
that's a
great point
and kind
of an
interesting
thing
to think
about
philosophically
right
we built
ThorSwap
around this
idea
that
bridges
aren't
safe
trustworthy
and then
for our
token
we're
like
if you'd
have
bridge
it's
just
something
to be
mindful
especially
if you
Arbitrum
Arbitrum
itself
another
security
layer
like
another
security
point
I guess
to think
extra
layer
on top
Ethereum
but then
you've got
basically
bridge
there
that
you have
to be
mindful
that's
just to
consider
because
I had
some
experience
I mean
I saw
that
like
I mean
they had
their own
problems
with the
price
and what
they're
doing
just
premise
of the
bridge
aspect
there
I guess
that's
to be
mindful
of this
that was
the only
point
there
I was
thinking
about
when you
guys
were
saying
that
also
when you
might
mention
though
if there
was any
mechanism
though
that made
me think
do you
remember
when we
used
burn
BEP2
ERC20
native
rooms
it was
a one
basically
burn
but I
mean
is there
like
could you
do that
as a
two way
street
there
and do
like
let's
AVAX
burn
mint
boat
ways
that way
so you
keep
that
kind
don't
know
just
regarding
what you
were
saying
is it
possible
to do
both
ways
instead
just
thought
leaving
room
extra
chains
you know
minting
burning
Thor
a little
earlier
on in
this
process
like
before
Thor
created
before
even
around
this
project
that
might
something
that
really
good
think
about
know
this
point
Thor
contract
doesn't
have
ability
change
supply
which
ways
good
thing
these
situations
you know
makes
little
difficult
kind
code
around
these
things
only
that
would
know
would
some
kind
rebase
token
sure
there's
other
creative
solutions
there
yeah
that's
beyond
capability
understanding
I'll
let you
guys
figure
that
guys
just
want
thinking
about
that
guys
that
wanted
sell
cheap
tour
especially
when gas
was expensive
it's not
that bad
right now
what I
doing
just
using
version
there
accumulate
keep
that
sell
when
price
goes
back
when
price
goes
down
that
that's
cheap
mean
it's
just
pennies
people
that
want
speculate
price
still
same
version
basically
free
right
wondered
responsible
that
Synth
Thor
yeah
yeah
thanks
a lot
cool
thanks
does
anyone
else
have
thoughts
this
topic
definitely
Thor
Synth
version
Thor
great
using
a little
well
it's
just
last
year
a couple
months
when
wanted
more
significant
airdrop
were
faced
with
issue
basically
minting
Thor
Thor
into
pool
that
basically
creates
pressure
that's
issues
that
think
airdrop
where
planned
like
million
Thor
something
like
that
minting
million
worth
Thor
into
cents
facilitate
airdrop
which
just
caused
a lot
price
movement
which
just
side
effect
using
synthetic
version
Thor
having
dedicated
token
cheaper
chain
just
solves
that
issue
both
ways
yeah
for sure
like
we'll get
into
this
I think
when we
discuss
Thor
chain
university
proposal
yeah
when we
kind of
brainstorm
like
rewards
like
just
interesting
community
engagement
programs
like
efficiency
always
been
like
huge
barrier
think
know
definitely
this
will
long
coming
kind
open
door
more
interesting
innovative
ideas
utility
should
move
next
proposal
folks
mean
could
always
swing
back
people
have
thoughts
to add
yeah
sure
let's
next
yeah
people
have
comments
that
always
circle
back
next
I'll
next
that
same
thread
which
change
monthly
burn
logic
parameterization
parameterization
yeah
this is
basically
change
burn
volume
target
from
rune
like
proposal
crypto
actually
I don't
know
see here
yeah
he came
up with
a really
technical
title
for this
proposal
typical
actuary
yeah
parameterization
rolls off
for sure
yeah
this is
interesting
because
you know
obviously
considered
with the
initial
burn
proposal
have
volume
targets
settled
rune
honestly
make it
more
challenging
because
thought
Thor
chain
protocol
as a
whole
succeeding
blowing
seeing
a lot
more
volume
ensure
that
Thor
swap
keeping
pace
with
that
know
continuing
improve
because
if we
we set
1 million
target
just as
example
then
volume
Thor
chain
goes
target
is only
increasing
whatever
it's
set to
like
100k
a month
something
you know
we're
just
basing
versus
growth
network
then
seemed
like
you know
maybe
a little
easy
think
that's
initially
went
that
rune
goal
thought
network
grows
know
competition
increases
inside
Thor
chain
space
which
we've
definitely
seen
create
metric
that
kind
keeps
pace
with
that
network
growth
that's
landed
rune
target
burning
Thor
there's
a few
problems
with
obviously
problems
rune
price
doesn't
always
match
network
growth
know
some
months
volume
goes
like
this
month
rune
price
goes
down
other
months
maybe
volume
flat
rune
price
doubles
it's
perfect
predictor
difficult
that
other
thing
just
confusion
among
community
could
have
people
Thor
swap
probably
kind
people
that
this
space
know
normies
that
burn
meter
volume
target
it's
this
much
rune
they're
going to
think
rune
being
burned
can't
blame
them
that
that's
reasonable
conclusion
know
there's
just
little
confusion
around
that
because
it's
much
Thor
being
swapped
burn
rune
then
into
whole
extra
piece
this
argument
which
like
about
measure
volume
that
volume
measured
Thor
chain
protocol
like
swap
million
dollars
rune
million
dollars
Bitcoin
that's
million
dollars
volume
swap
million
dollars
USDC
into
million
dollars
Bitcoin
that's
million
dollars
volume
according
Thor
chain
protocol
because
that's
double
swap
right
swaps
into
rune
then
rune
swaps
into
Bitcoin
Thor
swap
specific
metrics
thought
well
one's
going
think
that
from
perspective
from
Thor
swap
perspective
they
don't
care
pools
work
background
this
rune
volume
burn
target
actually
only
single
counted
it's
a bit
different
than
other
volume
numbers
that
look
look
know
that
rune
Bitcoin
USDC
Bitcoin
Thor
swap
burn
measurement
it's
counted
only
once
instead
twice
scenario
once
other
those
kind
just
broad
thoughts
considerations
this
topic
agree
that
overall
it's
more
simplistic
makes
more
sense
volume
increase
sure
there's
maybe
some
other
mechanism
could
think
like
moving
average
figure
method
incentivize
Thor
swap
grow
with
cross
chain
swaps
general
with
protocol
those
thoughts
nice
that
that
really
good
breakdown
okay
yeah
definitely
put your
hand up
if you
have any
thoughts
around
this
otherwise
this
poll
on the
forum
ends
days
yeah
you can
definitely
let us
know
well
let us
let everybody
in the
community
know
how you
feel
about
you know
the space
recorded
yeah
that was
a really
good
breakdown
to the
details
I just
had a
thought
actually
would it
be possible
what if
the target
was like
you know
like the
affiliate fees
generated
instead of
the overall
volume
you mean
in USD
terms
I guess
yeah
if that
solves the
messaging
part of
yeah
I don't
know how
that's
different
than
volume
guess
yeah
don't
know
like
would
that
still
account
double
swaps
because
think
when we
calculate
affiliate
fees
it's
like
point
swap
right
yeah
affiliate
based
inbound
amount
it's
it's
doubled
for a
double
swap
for sure
liquidity
providers
will get
paid
twice
on a
double
swap
affiliates
will
yeah
that's
thinking
like
maybe
this
kind
birds
stone
situation
like
solution
yeah
they
just
like
thought
just
occurred
to me
probably
need
some
more
thinking
around
yeah
mean
however
needs
done
overall
just
feels
like
easier
to get
your
head
around
versus
this
like
floating
rune
price
think
that's
probably
like
main
advantage
here
main
reason
yeah
yeah
one thing
I would
though
is that
haven't
really
seen
full
mechanisms
like
actually
play
because
we've
been
you know
we've
reached
volume
target
like
every
single
month
since
burn
started
obviously
folks might
concerned
that
have
ruined
triples
in price
what if
we don't
meet the
target
this month
but also
I would say
that is
the actual
by design
the gamification
hey let's try
to get
this target
reached
let's get
the word
out there
encourage
more people
to use
cloth
yeah
I wouldn't
really
that's
a bad
thing
necessarily
because
we just
haven't
seen
the actual
mechanism
of it
play out
even
yeah
and I
guess
volume
really
went
with it
because
kind of
sort of
that
play out
I guess
a little
because
when
earnings
yeah
true
true
true
right
well
but if
it went
down
then
targets
go down
then
yeah
but I
guess
these
things
kind of
move
in tandem
sometimes
or at
least
they
have
yeah
I'll
just
other
point
this
topic
this
actual
proposal
from
actuary
said
know
options
were
increase
decrease
amount
target
like
fixed
amount
it's
either
like
million
half
million
million
million
whatever
think
more
sustainable
that
might
based
percentage
instead
know
setting
fixed
million
well
move
from
million
million
that's
move
move
from
million
million
that's
pretty
small
move
think
that
percentage
it'll
kind
help
track
over
time
little
easier
than
yeah
yeah
just to
like
also
crypto
actually
also
added
poll
removing
300%
extra
multiply
this
proposal
don't
know
that
will
work
tandem
with
think
that
kind
dependent
whether
proposal
changes
amount
of the
target
increased
decreased
together
kind
it's
hard
vote
because
yeah
think
it's
kind
like
what
chicken
really
like
know
linking
what
just
said
yeah
maybe
there's
something
around
future
proposals
where
maybe
it's
proposal
poll
proposal
because
think
gets
convoluted
difficult
have
multiple
polls
proposal
agreed
upon
just
move
that
forward
don't
know
think
it's
just
a lot
cleaner
easier
people
understand
have
poll
draft
then
what
people
think
yeah
exactly
mean
this
will
into
next
discussed
which
whether
fees
savers
members
have
asked
don't
proposal
will
savers
think
it's
just
much
cleaner
have
proposals
specific
topic
then
vote
goes
ideally
it's
just
simple
let's
change
this
idea
tweak
somehow
versus
like
there's
three
ideas
here
yeah
like I
said
the polls
days
definitely
please
vote
that
everyone
get a
draft
which
is fine
you know
we saw
that
with the
previous
you know
expanding
to another
chain
so that
started
with
just
discussing
between
AVAX and
Uptrim
eventually
you know
another one
was made
just for
Uptrim
specifically
I think
it's
okay
like
process
through
these
like
you know
brainstorming
phases
right
like
that's
what
drafts
that's
what
temperature
check
polls
cool
ready
for the
next one
yeah
like
if we don't
have any
hands
being raised
looks like
currently
getting
this
pinned
next
adding
Thor
swap
affiliate
savers
which
kind
self
explanatory
yeah
there's
been
that
ever
since
launching
year
plus
Thor
swap
this
current
temperature
check
poll
whether
should
still
free
many
basically
what
level
should
applied
would
still
this
proposal
would
still
same
V Thor
split
that
everyone's
already
accustomed
with
swap
fees
probably
less
intuitive
part
this
that
just
based
Thor
chain
currently
would
have
applied
entering
rather
than
like
on exit
based
earnings
over
time
that's
kind
like
sort
caveat
perhaps
to it
yeah
I've got
it pinned
up if
people want
to give
that a
deeper
look
yeah
I added
section
to the
draft
just to
kind of
answer
some
of those
questions
but yeah
specifically
to the
you know
whether to
apply the
fee on
deposit
or withdrawal
right now
it's only
possible
on deposit
and so
if this
proposal
is passed
like
thought
chain
updates
on a
protocol
level
to allow
applying
fees
on withdrawal
or applying
fees
only on
earnings
amendment
can be
easily
made
you know
this
like
another
proposal
address
that
that's
just
current
technical
limitations
of it
and you
know
we've
seen
other
interfaces
apply
fees
deposit
LPEs
savers
as well
it's
definitely
Thor
swap
wouldn't
be the
first
this
yeah
definitely
open to
amendments
and discussions
around that
when it's
technically
possible
to do
on patrol
I'll just
throw in
my two cents
on that
you know
Thor
swap
if you
if you
zoom out
and look at
the project
as a
whole
I would
it's
it's
hard
to argue
that
hasn't
been
very
successful
project
we talked
about
at the
beginning
of this
call
that
over
billion
dollars
volume
last
year
current
mechanism
that
fees
collected
Thor
stakers
that's
great
Thor
stakers
it's
great
running
sustainable
team
paying
everyone's
salaries
hosting
bills
doing
that
kind
expense
rather
than
you know
talk about
raising swap
fees
fees
changing
split
much
Thor
goes
stakers
versus
much
Thor
goes
treasury
thought
what
about
things
that
Thor
swap
providing
mass
free
nominal
fees
them
that
know
most
users
won't
make
impact
it's
know
a few
bucks
charge
five
basis
points
it's
like
20th
percentage
point
it's
very
insignificant
user
accumulates
over
time
make
difference
know
health
sustainability
project
overall
that's
kind
perspective
these
things
that
give
away
free
there's
compelling
reason
doesn't
harm
user
really
nominal
there
make
project
more
sustainable
long
that's
would
favor
this
type
change
definitely
open
others
perspective
know
other
projects
charging
more
than
double
others
charging
less
than
half
can't
that
there
like
skin
this
think
from
Thoriswild
perspective
we've
tried
extremely
on top
innovation
side
things
bringing
more
roots
more
chains
just
being
first
mover
this
space
order
continue
project
needs
sustainable
billion
dollars
volume
have
trouble
looking
your
sustainability
then
maybe
need
take
look
structures
yeah
thing
mentioned
added
proposal
well
like
Chad
mentioned
we've
just
passed
milestone
over
year
savers
which
historically
you know
ThorSwap
provided
like
swap
custom
swaps
with no
fees
about
year
well
before
applied
fees
think
it's
good
milestone
we've
definitely
approved
it's
quite
mature
feature
think
we'll
definitely
continue
upgrade
experience
obviously
provide
mods
contributors
provide
would
very
powerful
support
users
Discord
order
continue
making
that
sustainable
with
every
feature
makes
sense
launch
celebrate
launches
we keep
it free
and we
improve
the feature
but once
it matures
it makes
sense to
have a
proper
fee structure
across all
our product
stack
yeah
that's a
great
point
small
thing I
would add
on that
streaming
streaming
savers
made a
difference
popular
savers
feature
before
we saw
some
resistance
savers
because
of the
slippage
but now
that the
slippage
basically
reduced
to five
basis
points
it makes
the savers
product a
lot more
compelling
that's
driven
volume
into
savers
and it
makes
it more
of a
potential
revenue
stream
than it
for the
last year
plus
yeah
oh and
one thing
you know
to add
you know
this
structure
proposal
whatever
the fee
may be
we'll
just
apply the
same
you know
veto
discount
tier system
as with
swaps
and there'll
be no
fees charged
for deposits
under like
hundred dollar
value as
well so
same system
as with
swaps
so it
should be
pretty easily
you know
understandable
and communicated
users
and just
generates
you know
more utility
for vthought
as well
i would
just add
that
savers
is already
a long-term
oriented
product
like you
don't go
in and
out of
savers
within a
week
so really
it's really
just a few
days worth
of yield
for most
pools
and it's
also very
comparable
to the
protocol fee
so when
you're
minting
a savers
position
you are
actually
paying a
little bit
to the
pool
in liquidity
and that
slippage
is around
five basis
point as
well
it's not
always a
guarantee
but that's
what the
protocol is
aiming
with streaming
savers
so it's
really just
taking the
exact same
fee that
the protocol
is taking
and also
in most
cases
it will
still be
much lower
than the
gas fee
to just
send that
position
so it's
really
yeah
it's
just
a few
days
worth
yield
that
going
both
TorSwap
the treasury
and TorSwap
committee
in the form
of VTOR
buybacks
I would
just add
the current
vote
different
tiers
so it's
necessarily
set in
stone
what the
would be
but the
current
vote
basis
points
yeah
yeah
that
ranges
from
0.05
percent
0.15
percent
just for
those who
don't think
are basis
points
so we're
talking about
a very
nominal
figure
here
yeah
I think
we definitely
haven't reached
a quorum
on that
I think
we've
nine
votes
if you're
listening
please
go vote
you don't
need to
connect
a wallet
I know
a lot
of people
get nervous
if a
forum
asked them
to connect
their wallet
like why
am I
giving a
forum
access to
my wallet
so we
remove that
requirement
just
log in
in any
method
use your
email
whatever
place your
vote there
hopefully
we can
we can
get some
movement
on that
yeah
I think
from my
perspective
5 bips
beautiful
if you
want to
give 15
that's
great
yeah
obviously
it depends
like you
know
what
kind
like
what
other
interfaces
and stuff
like end
up at
over time
in a lot
of ways
it's a lot
easier to
justify
like a
higher fee
in this
context
than even
even swaps
maybe
because it's
like this
is this
is like a
yield bearing
product that
you're getting
into
you know
so like
you know
hypothetically
if it was
like if it
could be
charged on the
overall earnings
then it
would probably
be like
over time
and like
accruing
and realistically
would probably
end up being
more than
those options
I would
imagine
whereas this
is just
kind of
like the
one time
to then
earn
yield
it's
like
there's
an obvious
on the
versus
just
like
spending
a fee
you know
what I
mean
for sure
I don't
know
I think
sometimes
get too
deep
in the
weeds
where
operate
and we
forget
that
probably
not everyone
listening
knows
what
we're
talking
about
just
recap
real
quick
ideal
scenario
from
Thor
swap
perspective
at least
from
perspective
of how
should
operate
your
money
to a
saver's
position
deposit
bitcoin
wait
eight
months
then
withdraw
1.02
bitcoin
whatever
it is
Thor
swap
could
take
fraction
percentage
profit
that
made
along
maybe
percentage
don't
know
what
that
number
would
would
only
occur
after
you've
already
made
your
profit
when
claim
that
profit
versus
what's
possible
with
protocol
today
have
take
front
when
deposit
your
bitcoin
take
that
percentage
beginning
then
wait
break
even
essentially
we've
discussions
with
Thorchain
devs
about
this
over
time
think
that
will
happen
time
it's
just
been
easy
thing
prioritize
with
everything
else
going
protocol
that
changes
future
ability
from
protocol
take
percentage
profit
position
instead
taking
front
it's
already
this
proposal
like
paper
mentioned
think
that
makes
a lot
more
easy
swallow
everybody
think
that
would
ideal
like
Oleg
said
current
implementation
you're
already
going
some
enter
you're
going
deposit
bitcoin
maybe
won't
start
breaking
positive
earning
yield
first
eight
days
don't
know
what
number
that
today
know
because
have
some
slip
enter
have
your
enter
after
eight
days
year
you'll
become
profitable
Thor
swap
maybe
you'll
become
profitable
after
days
days
you're
looking
long
term
yield
bearing
product
care
that
much
know
gained
dollar
those
three
days
know
long
term
what
really
your
sights
yeah
those
just
kind
some
details
around
could
take
only
profit
reason
think
it's
much
better
only
profit
maybe
bitcoin
some
reason
your
life
circumstance
changes
change
your
mind
need
your
money
before
it's
profitable
that
happens
need
pull
your
money
after
days
would
better
Thor
swap
wasn't
charging
a fee
that
right
would
better
could
just
funds
back
that
worry
about
later
know
you're
profit
those
just
some
small
nuances
there
yeah
I also
think
had that
been
possible
probably
would
have
already
been
charged
past
months
that
prolonged
promotional
period
could
yeah
definitely
think
long
term
that'll
ideal
would
imagine
that
would
that
as a
proposal
would
pass
with
flying
colors
amend
this
future
yeah
just
need
update
first
yeah
think
like
philosophically
you know
Thor's
focus
should
really
just
user
experience
providing
know
most
compelling
platform
because
know
thinking
from
user
perspective
you're
providing
because
this
basically
it's
very
powerful
feature
it's
like
it's
still
custodial
feature
with
know
you're
giving
your
assets
protocol
right
there's
obviously
this
risk
vector
associated
with
that
just
thinking
from
user
perspective
you're
providing
know
like
Bitcoin
worth
know
value
like
five
figures
figures
worth
value
earn
would
want
most
mature
platform
with
the best
customer
support
user
experience
stability
paying
normal
that
something
that
think
market
shown
people
okay
with
focus
really
just
know
making
sure
that
have
best
platform
best
support
best
user
experience
that
drafts
have
right
there
last
last
quick
yeah
I'll
paper
want
cover
that
yeah
fortunately
baloney
bones
from
university
couldn't
join
today
really
excited
sort
give
pitch
directly
everyone
yeah
some
personal
matters
sort
affected
that
sends
apologies
if you
take a
look at
obviously
if any
members
from
university
want
their
hand
discuss
this
feel
free
time
feel
like
might
this
pinned
proposal
moment
TLDR
ThorChain
university
previously
university
you know
OGs of
ThorChain
ecosystem
we're all
familiar
with
them
they're
currently
building
ThorChain
centric
learn to
earn
like
program
educational
program
have
made
draft
proposal
seek
support
from
ThorSwap
as a
ecosystem
partner
amongst
many
other
ThorChain
ecosystem
projects
recommend
some
Thor to
allocated
from
community
centres
support
this
initiative
grow
awareness
ThorSwap
and the
Thor
community
details
template
check
poll
it's
slightly
more
complicated
than
usual
poll
well
essentially
it's
three
parts
it's
like
much
Thor
should
allocated
from
community
census
pool
rewards
this
program
like
what
time
frame
should
rewards
used
would
community
members
okay
with
portion
reward
supporting
developers
to build
this
program
that
TLDR
proposal
yeah
nothing
to add
for me
on that
yeah
that
one's
vote
well
people
check
that
yeah
anyone
wants
their
hand
kind
like
elaborate
a bit
further
feel
free
yeah
told
obviously
program
is still
being
development
you know
we're
providing
feedback
in terms
you know
along
with
other
ecosystem
partners
to build
it out
and I
think
from
ThorSWAT's
perspective
obviously
we would
like to
highlight
obviously
swap
features
as well
deck
segregation
just
things
that
make
ThorSWAT
platform
unique
and I
suppose
fees for
earn
program
for the
savers
program
passed
could
know
benefits
us to
highlight
that
as well
exactly
how the
system
will be
executed
something
that's
still
being
worked
this
ties
into
previous
suggestions
about
efficiency
right
because
it's
all good
to say
let's
allocate
10,000
value
worth
Thor
distribute
that
without
each
know
like
someone
does
course
maybe
they
successful
swap
ThorSWAP
they learn
how to
do it
they're
able to
claim
a reward
how do
they claim
the reward
without
paying
more
gas fees
claim
that
needs
designed
maybe
scavenger
system
where
you enter
your
wall
address
airdrop
everyone
does
complete
course
that
needs
designed
overall
think
is a
massive
space
having
something
like
this
onboard
more
users
always
beneficial
it's
crazy
it says
very
close
100%
confirmed
participation
from
Thorchain
ecosystem
projects
which
numbers
that's
crazy
that
there's
ecosystem
projects
yeah
that's
really
cool
love
seeing
community
come
together
something
like
this
vote
plus
sure
know
burnt
much
Thor
keep
talking
about
what
kind
community
incentives
think
this
great
don't
know
better
than
community
education
yeah
it's
great
some
Thor
figure
distribution
could
airdrop
scripts
whatever
there's
a lot
ways
around
that
think
this
great
community
incentive
funds
yeah
we've
seen
a lot
influencer
marketing
people
projects
come
onto
discord
sort
just
basically
pitch
show
right
think
community
incentives
were
used
anything
like
supporting
which
obviously
been
like
premier
education
like
protocol
ThorChain
obviously
already
having
wealth
educational
content
the new
ones
being
developed
specifically
ThorChain
yeah
I think
the most
compelling
proposal
in terms
marketing
education
so far
company
incentives
sure
agreed
this is
what it's
all about
do you have
anything to add
Reed
I see you in there
sorry what was that
oh I see Reed
in this
in this space
I know that
he's
I think going to be
contributing to
this program
if I'm not
mistaken
gotcha yeah
he's welcome to
come up if
he if
he would
like
thumbs down
interested
let me know
that the
likely rollout
is sort
of around
April May
so we've
got you
know
some time
to kind
of plan
around how
do we
want to
you know
actually
execute
this
if this
proposal
passed
sure we
can come
some
interesting
ideas
I think
Crypto Actuary
he's not here
so I'll pass
on his idea
like he
mentioned
oh maybe
you know
once the
user has
completed
like a
you know
four swap
specific part
of the course
to actually
you know
do some
of these
actions
such as
a swap
or what
have you
maybe
they get
rewarded
and be
thought
so that
they
sort of
get the
base tier
of these
discounts
so they
you know
get sort
of get
started
as a
as a
community
member
that's
interesting
idea
I don't
know
whether
yeah
again
like you
know
you know
efficiency
I think
it's not
a good
idea
airdrop
VTHOR
just because
if someone
if it goes
to a wallet
that's not
active
then you
basically
have
VTHOR
stuck there
forever
right
which is
you know
it's
accumulating
rewards
but if it
never gets
you know
redeemed
then that's
just wasted
so that's
something to
consider
but I
like the
idea
and theory
I don't
know what
you guys
think
sorry yeah
no I
mean if
there's no
kind of like
technical
problems there
I think it's
cool to
give VTHOR
rather than
just regular
Thor kind of
gets them
gets them
yeah if it
could get them
to that base
tier that'd
be cool
kind of like
immerses them
into the
project a bit
more than
just like
random Thor
tokens
yeah I think
we need to
probably just
redeploy another
version of the
airdrop contract
but there's
actually a
mechanism built
into our
airdrop contract
you know
if someone
doesn't claim
within a given
period of time
then that
VTHOR could
be clawed
back so
you know
you could
say you
have 60
days to
claim your
airdrop
if you
don't claim
it then
it's going
to get
unstaked
and put
back into
community
incentives
for something
else in
the future
cool we've
got a
we've got
k coefficient
up here
can you
hear me
you guys
hear me
okay
sure can
what's up
I just
got a few
questions
regarding
learning
first ones
learn to
earn
how many
how many
users
does ledger
have
currently
anybody
have any
idea
I don't
know I'd be
guessing
yeah I
don't know
the answer
to that
question
I do
recall
something
like
when
when we
visited
their HQ
last year
they said
something
like
one-fifth
of all
crypto
was stored
on ledger
devices
which is a
pretty big
number
but I'm
not sure
about
user-wise
okay
I just
I didn't
know if it
was like
10 million
or 5
million
or 20
million
I don't
have no
idea
isn't
that the
intended
audience
learn to
earn
is ledger
integration
correct
that's
definitely
a big
I mean
the main
right
okay
so plan
accordingly
with a lot
of thought
according to
their website
it says
6 million
units sold
but I
don't
know
often
they
update
that
figure
yeah
Bernoulli
Bones
mentioned
that
ledger
like
they
want
also
join
this
program
plug
into
their
ledger
academy
which
users
students
passing
through
about
a year
it'll
like
you know
a lot
eyes
think
if we
put our
best
forward
well
sort
expose
users
obviously
we've
ledger
discover
also
you know
ledger
pretty
well
supported
ThorSwap
functionality
yeah
that's
just
on that
topic
I suppose
okay
second
question
much
much
debt
been
borrowed
ThorSwap
maybe
also
much
collateral
been
deposited
borrow
debt
using
ThorSwap
couldn't
charge
a fee
that
call
origination
because
that's
probably
something
you want
to get
into
haven't
looked
those
numbers
recently
need
that
there's
there's
already
some
flip side
queries
maybe
I'll
pull
them
next
couple
minutes
here
what
those
numbers
last
checked
they
were
significant
from a
collection
perspective
you know
on a
good day
swapping
we can
10-20
million
of volume
easily
I think
total
volume
that was
borrowed
was something
in that
neighborhood
of 10-20
million
but I'll
take a look
and try
to get
you an
updated
number
have you
considered
that
as a
source
revenue
for the
project
for the
decks
I think
similarly
to when
we were
talking
about
adding
saver's
there's
kind
just
been
usual
path
has been
without
for a
period
time
everything
running
smoothly
hopefully
attract
majority
users
then
becomes
significant
then
yeah
roll
that
future
yeah
remember
talk
about
this
point
yeah
think
it's
just
like
small fry
compared
savers
think
that's
where
focus
first
definitely
don't
think
it's
table
means
that
could
future
proposal
probably
doesn't
make
sense
until
until
like
Thorchain
lending
caps
raised
that's
kind of
because
like
yeah
I mean
as of
right now
there's
nothing there
exactly
like
yeah
Chad's
I think
Chad's
you know
caps
will
I mean
God only
knows
right now
everybody's
fucking
bitching
and moaning
left and
right about
everything
you know
like
things
progress
and the
caps are
lifted
and we
have
you know
ratios
more
favorable
I think
that could
explode
just
looking at
nine
realms
dashboard
right now
collateral
value
rune
in loans
is 5.2
million
multiply
that
four
dollars
you know
you get
a little
over
million
right
yeah
significant
from a
collection
perspective
even
charged
you know
basis
points
you're
talking
about
catching
up to
you know
a week
and a
half
worth
swaps
sure
okay
Chad B
do you
do you
guys
want to
ask me
something
about
caps
whatnot
even
really
important
topic
guess
we're
just
discussing
fees
you know
possibly
a fee
borrowing
you know
assets
that
could
future
revenue
source
they
were
talking
about
hear
discussion
savers
deposits
that's
coded
ThorChain
a fee
like an
affiliate fee
or an
additional fee
for the
protocol
this
would be
like an
affiliate fee
like for
ThorSwap
as a
platform
yeah
I mean
I think
you can
already
take a
today
but I
think
there
some
discussion
around
like
changing
the way
mechanism
works
so that
only
applies
withdrawals
and it
only
applies
against
yield
withdrawal
rather
than
principle
it would
be like
you can
whatever
yield
that
earned
that
time
frame
whatever
that
yeah
it's not
currently
designed
that way
to my
knowledge
no it's
I think
that's
something
that I
think
ThorSov
has been
kind of
advocating
and I
think
Iridanus
has been
probably
the biggest
or most
active
involved
with this
concept
and to
be honest
I'm fine
with it
personally
if people
want to
change
to that
kind
structure
perfectly
fine
with it
it's
just a
matter
getting
a dev
to write
and get
merged
and stuff
like that
all right
thank you
one sec
here
disconnected
there
he is
I realized
after a
second
I couldn't
hear
Chad
I think
we're good
I was
going to
actually
while we
have
Chad
here
if anyone
doesn't have
any thoughts
to add
to the
proposal
we can
move on
to the
topic
discussing
areas
of focus
there's
a lot
upcoming
ThorChain
updates
we'll
cover
first
this
area
yeah
it's
good
to have
Chad
here
chime
that
have
questions
Chad
since
he's
graced
with
presence
first
question
when
memo
list
second
question
possible
with
memo
list
instead
basing
identification
inbound
transaction
amount
generate
addresses
based
same
private
that
could
just
have
dedicated
address
your
deposit
amount
send
there
would
through
swap
channel
that
decided
before
what was
first
question
again
forgot
first
already
just
memo
list
what
memo
list
think
next
thing
that's
probably
going to
version
trade
accounts
and I
think
after
trade
accounts
next
main
thing
will
probably
memo
list
think
we'll
probably
have
memo
list
main
running
maybe
February
possibly
give or
take
a couple
weeks
that
should
eventually
question
about
work
with
like
know
different
addresses
like
within
crypto
this
idea
what's
called
hierarchical
deterministic
wallets
which is
basically a
fancy way
of saying
that you
generate
many
addresses
from a
single
private
this
know
exchanges
this
utilize
this
kind
methodology
think
shape
shifted
it's
actually
quite
nice
little
tool
reason
doing
that
just
because
case
more
complicated
because
special
signatures
other
kind
things
example
like
Bitcoin
core
full
node
have
like
doesn't
track
much
know
doesn't
track
as well
like
wallets
very
well
give
wall
track
can't
give
10,000
doesn't
work
that
there's
a lot
technical
challenges
possible
saying
it's
impossible
just
it's
a lot
more
complex
to do
that
the way
doing
a lot
simpler
cleaner
a lot
less
risk
involved
easier
maintain
these
kind
things
always
like
here
with
this
goes
it's
really
adoption
that
feature
like
it's
heavily
utilized
we're
running
into
bugs
problems
where
people
having
issues
with
that
particular
implementation
we can
always
go back
to the
drawing
board
re-implement
more
complicated
difficult
which
against
just
want
start
with
simpler
cleaner
solution
first
how far
that
gets
sounds
like
a good
excuse
for you
to make
your first
bitcoin
corp
you are
yeah
they wouldn't
they wouldn't
accept it
for sure
I mean
this has been
a well-known
thing within
bitcoin world
since the
beginning
I don't know
why it's
that way
but I mean
if we wanted
to go
deeper
we would
have to
something
like
unchained
something
like
this
it's
not very
performant
Bifrost
to be
monitoring
many
we actually
ran into
a problem
a while
back
maybe
six months
or a year
where
we started
to monitor
like basically
all the
Asgards
even the ones
that are
inactive
so in the
event that
somebody sends
like you know
a bitcoin
to an old
Asgard address
from like
last month
the network
will make
best efforts
to try to
like do a
refund from
that old
address
yeah
but the
act of
doing so
caused a
lot of
like you
know
optimization
issues
performance
issues
and we
just ran
into like
Bifrost
kind of
like
slowing
down
using a
lot more
resources
and it
just became
like
problematic
so we
ended up
just like
you know
not monitoring
as many
we still
monitor
inactive
addresses
but just
not as
far back
anymore
to address
that
so that's
the problem
is that
like
memos
transactions
you know
you could
have
somebody
could thrash
the network
with you
know
with a
and start
you know
generating
tons of
addresses
and bitcoin
addresses
and ethereum
addresses
and whatever
else
and that
could just
you know
create a lot
of performance
issues for
Bifrost
so that's
part of the
concern
I definitely
understand that
side of the
concern
I just try to
think of it
from the
UX perspective
like I have
a thousand dollars
in USDC
I want to swap
it into bitcoin
and then it
tells me
I need to
transfer
999.97248
USDC
and I'm like
what's going on
yeah
I get that
concern
it's legitimate
I think
the important
thing here
is really
just the UX
making sure
that people
you know
when you
go to
some website
mentalist
thorchain
dot com
whatever the fuck
it's going to be
called
and you put
in your data
of what you're
looking to do
and it does a
QR code
and you can
scan it
on your phone
and transfer
the funds
and be done
with it
without needing
to input
anything yourself
that's the
cleanest
safest way
to do it
but you should
also just put
like a note
there
like you know
please do not
alter the address
or amount
at all
and doing so
you know
may cause
loss of funds
or some
I don't know
some sort of
like notice
so they understand
that the amount
and the address
are very specific
and not to
fuck around
with it
yeah
for sure
sorry to
jump on you
and derail
but I've just
been curious
about that
question
yeah
yeah
that's the best
answer I can
give you
at least
I don't know
if it's a good
answer or not
but it's the best
one I got
but I say
we just try
it with the way
the way it's
designed now
and you know
see how it goes
and we can always
adjust later
shipping is bad
so we sort
yeah
I was just
going to say
before we
go in further
I just wanted
to circle back
a little bit
just to say
like
just to provide
some context
for the non-engineers
or like
first-timers
here potentially
we've moved
on to discussing
areas of focus
for ThoughtSwap
in Q1
and one of the
you know
obviously
some key areas
of upcoming
ThoughtChain updates
so when we
say Chad
I forgot to
sort of break
this down
we say Chad
like Chad
the road
is running
the ThoughtSwap
account
running the
hosting the
space
but Chad
here is
ThoughtChain
and he just
got through
in terms of
Memolist
transactions
which is
really exciting
when we say
Memolist
that's what
we're talking
about
so Memolist
transactions
is a new
upcoming
exciting way
to be able
to register
a memo
before a swap
is made
so essentially
I think what
that means
for ThoughtSwap
users
is you'll
be able
to like
perform
cross-chain
swaps
without having
to connect
wallets
and like
you know
find
figure out
which wallets
to use
interface
to use
and all
that stuff
so we're
waiting for
this feature
to be deployed
and the UX
to be designed
and you know
as mentioned
like one idea
is like
you just scan
a QR code
send the tokens
you want to swap
and ask
you know
and get
you know
and what
you want
to receive
I don't
yeah
on that
I was going
to ask
Moog a question
which is like
what do you
memo lists
on ThorSwap
like do you
think this is
something ThorSwap
will use
like do you
think it'd be
like a separate
swap interface
or like
I'm just curious
if you have
like a vision
for that yet
yeah definitely
I see
just in my head
maybe we'll
improve this
or change it
but right now
you know
if you go to
ThorSwap
without connecting
your wallet
you can
put in
any amount
and get a quote
but instead
of a swap button
at the bottom
of the screen
you see a connect
wallet button
next to that
connect wallet
button
you could just
have a QR code
button
and you see
that QR code
it just pops up
a QR
you scan that
with your phone
whatever your
preferred wallet
it preloads
the address
to send to
the amount
to send
and all you
need to do
is press send
on your phone
after you scan
the QR code
and your swap
is done
you don't have
to log into
anything
you don't have
to worry
about extensions
you don't have
to worry about
is my wallet
supported here
just scan the QR
code
you're done
so I see it
kind of running
in parallel
to everything
we have now
and just giving
another method
to interact
with really
any wallet
that supports
a QR code
or even
if you just
say send
exactly this
amount
to this
address
that works
but it's
a little bit
harder to
execute
than a QR
code
but still
pretty simple
yeah
this is a
super exciting
feature
I think
when we
actually
start executing
on this
feature
as per
tradition
we should
probably
do some
beta
testing
as we've
done in
the past
got a lot
of community
members
have done
that in
the past
they'll be
good to
get some
community
feedback
before we
formally launch
or at least
put it
out in
beta
first
interesting
problem
to solve
around
that
is going
to be
there's a
cost to
generating
a QR
code
you have
to create
the channel
on the
third chain
protocol
before
you can
give the
user this
QR code
so we've
got to
figure out
some good
spam
prevention
mechanisms
just to
make sure
that there's
a cost
control
there
around
someone
coming in
and trying
to generate
hundreds of
thousands of
QR codes
and drain
all of our
wallets
yeah the
way that
I'm planning
on addressing
that because
once memos
transactions
are like
launched
and it's
out in
the wild
I'm planning
on building
a new
like
Golang
daemon
that it
becomes
the thing
that registers
you know
QR codes
or swaps
or whatever
and the way
that I'm
planning on
handling this
is just
re-implementing
the Bitcoin
mining logic
that's like
global across
this particular
daemon
so that with
each
relative to
the number
of requests
made in the
last I don't
know five
minutes or
20 minutes
or whatever
the hell
the thing
is the
amount of
mining that
you have to
do your
browser has
to do to
be able to
provide a
proof that
you know
you've done
a bunch of
computations to
whatever
that's my
methodology
I have in
my head
to deal with
this
that scenario
then that
it's
really
smart
that's
really cool
now you
got me
thinking like
okay can
we make
them do
proof of
work
90% of
the work
goes to
the transaction
and 10%
goes to a
fee collection
but maybe
I'm just
being overly
selfish
I mean you
can obviously
do what you
want
I think
I think
generally like
the mining
that's happening
will be so
fast that you
won't even
really notice
that it's
actually
happening
yeah it's
significant
enough
yeah
like most
times like
99% of
the time you
wouldn't even
know that it
happened it
would just be
a click and
done but it
would only
start to kick
in once like
you know there's
some sort of
DOS attack of
some kind or
whatever and
you can configure
the server to
be like you
know how
sensitive you
want that
mining you
know inclined
to be right
the curve of
the difficulty
of mining
blah blah blah
you'll be able
to like have
that kind of
configuration of
it but one
of the things I
find very kind
of fascinating
from a wallet
perspective on
Memolus is that
like ThorSwap
it's almost the
opposite of
ThorSwap in
some ways like
ThorSwap has
put together like
a really good
and large team
and it's built
this really kind
of like advanced
interface with a
lot of
functionality and
usability and
you know and
with that comes
a lot of cost
like it costs
a lot of money
to keep the
lights on you
know at the
ThorSwap you
know team and
so forth and
I think one of
the things I
find really
fascinating about
this is that
somebody could
build which is
not going to
be me but
somebody I
think I think
TCB is
interested in
doing this but
like somebody
can build a
very basic
very simple UI
that has no
real maintenance
to it has you
know almost no
very little
development and
very little
maintenance to
it but it's
you can run
the whole thing
by you know
for $50 a
month you know
in operational
costs and then
maybe you have
one person that
you know just
responds to
to you know
outages and
that kind of
thing but like
there really is
no need to
keep up with
the latest
Thorchain thing
or whatever
like it you
could just do
fucking swaps
doesn't you
could use them
a list to do
loans and like
other savers and
like other
things in
theory but
it would just
be designed to
do this one
thing with this
very simple
very clean UI
and then the
affiliate fee would
be like one
bit you know
or something
extremely small
because it costs
so little to
build it and it
costs so little
to maintain it
you can you
know have a
really really
cheap system
which case that
would hopefully
in theory that
should mean that
the trade volume
of Thorchain
should you know
increase significantly
because it's
so it's so
cheap to use
it rather
than being
like rather
than opting
for like trust
wallet 70
bit you know
expense that
they put on
you you could
just use trust
wallet but then
just scan the
QR code and
do the same
trade for one
bit instead of
70 bits like
it's 70x less
in fees that
you're paying and
just the fact that
you're paying less
in fees also
should inherently
mean that the
volume is increasing
right because it's
cheaper
yeah pretty
interesting
I'm thinking
about like all
the infrastructure
stuff and one
of the big things
is like when you
connect someone's
wallet you've got
to be able to
check the balances
you've got to be
able to find out
what's happening
across 10 different
blockchains for
their wallets
so that means
you've got to
either run those
nodes connect to
those centralized
providers for all
those chains but
if you're doing
memo lists you
don't care what
their wallet balance
is you don't need
to know you don't
have to look any
of that information
up so it just
takes a lot of
overhead away
right you can
just I mean if
they want to send
a thousand bitcoin
in their swap they
can go ahead and
try you know
obviously it's not
going to be sent
right so
obviously put it
put in a reasonable
amount that you
actually want to
be sending like
one bitcoin or
half a bitcoin or
whatever you're
trying to do
right and so
just removing all
that overhead and
being a super
clean super
simple this
bare minimum
thing just be a
very clean swap
you I believe I
think that's going
to be really
positive for the
protocol in general
I think there may
be some implementation
challenges across
different platforms
like how does it
work when your
iOS device scans
the QR code
versus your
Android device
how do you
choose what the
default wallet is
does your OS
provide a good way
to do that
does every wallet
maintain every single
detail or do they
did some of them
round off the
numbers so that we
lose the important
information about
like how many sats
are included
so those kind of
things are going to
take some time to
iron out I think
we're going to have
to make sure like
we test this with a
whole bunch of
different wallets
that you know
there's not some
edge case where
oh this wallet when
you scan the QR code
it drops the last
four digits so now
memos doesn't work
at all we have to
think about all
those little things
as we go through
an implementation
but overall I
still think it's
really exciting
yeah I think
you're right
there's definitely
going to be a
fair share of
like oddities
and edge cases
I can even like
for example even
if your Bitcoin
wallet uses
Taproot
Taproot addresses
it wouldn't work
for Thorchain
so the
that kind of
Golang game
that registers
memos
would you
probably supply
the address
that you're
sending from
even though it's
not really used
it just doesn't
some quick
validations to
make sure that
that the address
you're sending
from is
something that
Thorchain you
know can parse
or understand
you know but
you're right
there's probably
going to be a
whole myriad of
you know edge
cases that are
you know problematic
and we'll have to
make some changes
and edits to
address that
win hard fork
win hard fork
you mean forking
Thorchain into a
new Thorchain
no no I just
mean uh
the noise
around Taproot
has been
it's not
possible without
the next
hard fork
Taproot
yeah
I don't
to be honest
I don't have a
good I don't have
a good answer
to this
it's hard to
for me to
prioritize it
because I don't
really have a
good sense of
like how
important
Taproot really
I know some
wallets use it
and that's great
and everything
but like
I don't know
it would be
obviously a bunch
of work
and it's
something we've
been meaning
to do for a
long time
but it's always
just get
deprioritized
because there's
always something
more important
you know like
memo transactions
like order books
like you know
affiliate fee
improvements
for to be able
to lock
TrustWallet
into using
Thorchain
because it's
making a million
dollars a month
or something like
this like there's
always just something
that seems just
more important
than a hard fork
it always gets
deprioritized
but is it
aren't all the
inscriptions
everything's based
on Taproot
correct
I believe so
we don't really
use inscriptions
ourselves of course
so we're not really
I know
I know
the problem
with inscriptions
is that
is that the
mempool
blows up
and so you
need to make
sure that
Bifrost is like
you know
Johnny on the
spot
of making
sure that
the mempool
is scanned
to the tip
of the mempool
you know
we're not
falling behind
because there's
like 200,000
transactions
sitting in
mempool
in which
most are
inscriptions
so we made
a lot of
improvements
to the
performance
of Bifrost
so that
it could
keep up
with
you know
a very
thick
and large
mempool
that inscriptions
would give
on that note
while we have
you here
Chad
just two
other
updates
I think
would be
really interesting
four swap
users
would be
I think
like
batch
outbounds
which
you know
potentially
will help
lower gas fees
even further
like in throughput
and limit
order like
order books
I think
that's been
developed for
a while
do you have
any sort
of like
updates
on those
order books
will probably
it may
come out
in Q1
probably
more likely
to be
at this
point
to be
honest
there's
going to
be some
like
kind of
reworking
of that
code
most of
the code
is already
done
there's
some
kind of
cleanup
to do
and some
kind of
wires
to connect
and we have
to refactor
for streaming
swaps
and we have
to refactor
for using
trade assets
instead of
synthetics
but I
think
it'll
probably
get done
at the
end of
maybe
what was
the other
question
you asked
oh yeah
a batch
outbound
batch
outbound
it was
something
that came
because
we ran
into a
situation
where
you know
this
some
stole
a whole
bunch
money
and was
throwing
through
third
chain
and it
caused
outbound
become
hundreds
deep
and was
having
a hard
time
keeping
with
and so
batch
outbound
allows
you to
multiple
transactions
multiple
transfers
in a
single
transaction
so it
much
higher
throughput
and then
at that
point
signing
speed
of what
Thorchain
is capable
of doing
is basically
infinite
and the
limiting
factor
really is
not so
much
Thorchain
it's
really
more
remote
chain
like
many
transactions
how many
UTXOs
can we
have
how many
Vouts
or UTXOs
can we
create
on the
other side
of a
Bitcoin
transaction
same thing
for BNB
and other
things
and so
we can
basically
have like
an infinite
signing
speed
and effect
which is
what
almost every
centralized
exchange
in the
world
does
to deal
with the
throughput
they need
to deal
with
even though
they don't
actually use
social signatures
for this
but that
is like
not a
critical
thing
like
we're
fine
we don't
have to
worry
about
you know
except for
like extreme
scenarios
like somebody
just pumping
through 40
million dollars
of ETH
within like
10 minutes
or something
fucking ludicrous
like this
except for
times like
that
you know
we have
the throughput
we need
I've been
trying to
push for
batch out
bonds to
be done
like to
be like
a slow
burn
meaning that
like we'll
do like a
small PR
like every
release or
something like
this
kind of
over time
get it
and it'll
be just
you know
very slow
process
but we'll
get it
through
eventually
just doing
chain by
chain
in the
it'll
probably
take
you know
probably
10 or
to get
all that
batch
up on
functioning
and working
and then
and then
it's also
going to
have its
capping
mechanism
on day
we'll
probably
just
like
transactions
transfers
within
transaction
just
that
there's
bugs
misreading
of the
contents
of a
transaction
or something
happens
that the
risk is
you know
quite low
and you
have to be
very careful
with this
stuff
because
we're
signing
data
signing
funds
fuck
could
double
spend
yourself
could
all sorts
terribleness
you could
lose
a lot
money
this
done
with
a lot
caution
reasons
want
slow
burns
make
sure
happens
very
slowly
very
cautiously
take
time
with
that
kind
stuff
it's
going to
take
probably
like
different
over
time
span
three
months
honest
with
we'll
have
just
basically
infinite
scalability
in terms
signing
speed
that's
part
targets
that
have
just
want
make
sure
that
Thor
chain
stays
competitive
in the
market
cross
chain
swaps
want
make
sure
that
there's
stand
other
project
space
faster
signing
speeds
just
like
nope
don't
swaps
faster
wait
swap
clout
can't
that
either
know
just
constantly
just
trying
create
improvements
to the
protocol
that
just
makes
obvious
clear
winner
trade
swap
nice
stand
step
ahead
then
that
makes
makes
easier
interfaces
giving
good
experience
users
absolutely
bug you
for one
more
thing
give
five
trade
assets
trade
asset
another
form
synth
it's
actually
synth
don't
even
know
what
call
honest
with
guess
could
call it
wrapped
asset
that's
actually
accurate
either
really
don't
know
what
phrase
call
nothing
kind
correlates
it's
basically
idea
that
take
know
asset
like
bitcoin
mint
trade
asset
onto
network
which
sits
outside
pool
then
that
swap
bitcoin
rune
whatever
instead
using
synthetics
reason
that's
really
nice
because
when
with
synthetic
somebody
does
like
$200
trade
from
bitcoin
example
rune
bitcoin
order
other
direction
pool
back
ratio
that
should
would
need
swap
$400
worth
bitcoin
ruin
counter
there's
a little
bit of
capital
inefficiency
with
synthetics
going
trade
assets
make
increase
capital
efficiency
arbitrage
to be
times
more
efficient
same
amount
capital
trading
swapping
on the
network
that's
going
idea
making
network
efficient
possible
that
they
keep
pool
price
market
price
locked
with
each
other
that
happen
with
that
million
dollars
that
came
network
very
short
period
time
just
dumped
didn't
care
about
fees
just
yolo
just
dumped
huge
quantities
very
short
period
time
which
logical
actor
would
really
generally
this
wanted
shotgun
blast
tons
funds
Bitcoin
price
network
from
think
time
like
$30,000
$55,000
Bitcoin
which is
obviously
correct
just
took
long
ARBs
that
partially
because
comp
counting
taking
long
partially
because
signing
time
because
TSAS
being
slow
signing
things
partially
because
burned
through
synthetics
that
were
there
arbitrage
were
emptied
and so
there was
a whole
myriad
reasons
ARBs
hard
time
ARBing
that
system
made
a lot
changes
make
arbitrage
much
more
faster
much
more
efficient
think
this
trade
accounts
thing
probably
last
at least
in the
short
term
midterm
probably
the last
arbitrage
change
we'll
make
make
arbitrage
as fast
and efficient
as powerful
as possible
so they
keep
the pool
of prices
correct
not just
for large
trades
like we
that
or $40
million
but also
for when
streaming
swaps
are happening
if ARBs
are twice
as efficient
the price
execution
of a
streaming
swap
should
increase
and it's
twice
efficient
as that
as well
right
so we
should
have
better
price
execution
trades
swaps
just
because
of this
trade
accounts
thing
as well
theoretically
very
interesting
all right
I think
we're
almost
two and a
half
hours
should
probably
remaining
2024
highlights
then
wrap
this
thing
exactly
what I
thinking
we did
just
request
from
somebody
come
what
that's
about
well
real
quick
muddy
connecting
I think
I'll
mute
yeah
you there
oh yeah
sorry
that's weird
when I
click on
your name
it shows
a different
name
weird
can you
hear me
yeah
okay
you're
good
great
since
Arbin
was just
mentioned
and I
am just
putting
together
like
there
currently
like
room
more
arbors
enter
space
because
have
friend
who's
who's
like
trader
he's
like
telling
about
like
wants
machine
learning
like
stuff
centralized
exchanges
to try
to make
trading
strategies
and I'm
telling
no way
dude
there are
so many
imbalanced
pools
out there
right now
I think
there's a
huge
opportunity
that a
lot of
people
don't
know
about
with
these
cross
chain
DEXs
there
still
space
has that
been
filled
there's
always
more
space
this is
actually
thing
that
very
people
industry
actually
know
about
benefits
swap
queue
where
prioritizes
based
upon
size
trade
have
situation
where
have
opportunity
and say
there's
like
three
different
ARBers
and they
want
this
trade
they
want
this
pool
right
they
submit
trade
same
time
same
block
which
more
less
swap
that's
going
opportunity
right
basically
that
opts
most
fees
that
will
actually
right
have
this
kind
situation
where
because
swap
queue
have
this
race
bottom
arbitrage
bots
right
whoever's
willing
to take
least
amount
know
whoever's
willing
to put
most
into
pools
leave
there
that
will
right
have
that
will
know
I'll
profit
says
I'll
do it
for a
profit
everybody
just
bids
each
other
down
in a
matter
speaking
honestly
ARBs
Thorchain
probably
most
powerful
thing
industry
there's
them
there's
probably
good
amount
space
think
some
even
using
streaming
swaps
right now
which is
really
ineffective
uncompetitive
it's
it's
still
effective
it's
just
very
it's
competitive
going
wanted
somebody
else
wanted
well
yeah
well
there's
yeah
yeah
yeah
yeah
well
I have
I have
a math
basically
you know
like
flip all
these
ratios
in his
head
and do
like
like
you know
find the
profit
just
you know
without
and I'm
more of
the coder
and more
of like
the guy
that knows
that there
opportunities
to ARB
in places
where he's
like more
of a
traditional
centralized
trader
in the
whole
like
deck space
especially
cross
decks
cross
decks
are you
saying
that there's
room
competition
are you
guys
good
on that
I mean
in the
general
crypto
space
there
there is
some
room
I mean
it's a
very highly
competitive
space
and so
there's
a lot
margin
like
if you
want
like
Binance
for example
you're
probably
not going
to get
very good
margins
you probably
don't have
enough capital
to even do
it to be
honest with
most people
don't
but the
lesser known
protocols
like you
know that
are you
know have
lesser volumes
there's probably
some meat
in the bone
there and I
would say
that Thorchain
is one of
them
yeah
yeah that
we would
target
Thorchain
and my
and I
don't even
know if
if it's
even possible
yet on
Chainflip
or if
it's even
a thing
on Chainflip
since they
have a
USDC
middle asset
but anyway
thank you
yeah
no you can
totally do it
on Chainflip
as well
oh okay
they use
they use
JIT there
which is
kind of like
it's not really
ARBing per se
but yeah you
can totally
ARB between
Chainflip and
Thorchain
you could actually
do that too
right like look
at the Bitcoin
price on Thorchain
look at the
Bitcoin price
on Chainflip
you know
especially if we
can get some
DEX aggregation
between Chainflip
and Thorchain
that would be
yeah yeah
so we got
we got accounts
all across
like Kraken
International Binance
Coinbase
those
sexes
and then
the DEXes
Maya
Thorchain
Chainflip
I'm kind of
the person
who knows
all these
things
and has
the API
keys
and stuff
for all
of it
but I
kind of
need like
a trading
and a
math guy
which I
which I
do have
and they're
like down
they're down
but I
just want
to make
sure
before we
start the
work
that it's
even worth
even worth
starting
definitely
you should
totally do
I'm not
an arbitrager
but I
would say
look at
the number
of times
that the
pools have
been in
disagreement
with major
centralized
exchanges in
the last
year
and they
have been
not insignificant
so that to
me is a
pretty strong
signal that
we could use
more arms
I actually
did some
manual
arbitring a
while back
and I
made four
bitcoin in
a single
that's cool
yeah like
I think
I don't
like
I'm an
economics
guy so
I like
to think
of it as
you know
you're making
the market
price discovery
better
you're making
markets more
efficient
you know
like
you know
you're
basically the
customer is
being screwed
over but
you're also
making a lot
of money
at the same
time
one of the
one of the
funny things
that is one
of like the
long-term
like holy
grail goals
of the
project
is that
that
Thorchain
becomes the
biggest exchange
in the world
by volume
right and so
a majority
of the largest
exchange by
volume of
bitcoin trading
spot trading
happens on
Thorchain
and if that's
the case
the price of
bitcoin is
established on
Thorchain
which is kind
of a mind
blowing concept
of like
if you
want to know
the price
of bitcoin
the best
place in the
world to look
is actually
at Thorchain
and that
tells you the
actual fucking
price because
that's where
most of the
weight is
as I'm hoping
happens one
yeah that's
my dream
well thank
thank you
no worries
no worries
you're a little
poor bitcoin
in a day
humble brag
drinks are
on you
next time
I see
yeah god
damn
Mogarki I owe
you a lot
more than
a drink
I'll be happy
to buy you
a drink
next time
I see
you're going
to eat
Denver
by the way
yes I
will be
in East
Denver
I'll probably
be in I
think Boulder
before East
Denver
hanging out
with a couple
buddies of
mine
but I'll be
in East
Denver
I'll be
hanging around
are you
going to be
there too
we can
we can
grab a beer
or whatever
yeah for
sure
there's a
event coming
up that
we're going
to be
sponsoring
with
coinage
media
okay
Thorchain
plus
coinage
media
kind of
collaborative
event
where we're
just going
to rent
out a bar
or something
like this
and just
kind of a
meet up
people can
come out
and have
a drink
and talk
all things
Thorchain
awesome
all right
I'm going to
try to pass
back to
Chad Thoreau
and get
away from
bear for
distractions
for a
minute
sounds
good
yeah
I actually
have to
minute
let's
just
through
a couple
of these
last
things
we kind
of covered
the areas
of focus
that are
Thorchain
related
already
like
Memolus
network
improvement
swap for
cloud
other
upcoming
stuff
limit
orders
trade
assets
but yeah
paper
30 seconds
maybe
Thorchain
things
don't
have
like
announcements
to make
anything
or anything
like that
here yet
I would
that
you know
in the
last
years
you've
seen
ThorSwap
expand
supporting
a lot
of other
providers
we've
added
you know
everyone
from
Uniswap
OneInch
ZeroX
Trader Joe
Pangolin
these
different
providers
which
have
been
pretty
much
limited
EVMs
apart
from
Thorchain
I would
2024
is a
year
look
that
getting
outside
land
for the
first
time
maybe
seeing
some
providers
that
provide
other
more
novel
more
interesting
chains
that
don't
elsewhere
maybe
you know
even
different
liquidity
routes
liquidity
you can
already
more
deeper
access
better
routes
better
paths
user
users
that's
going
to be
a big
focus
this
year
yeah
potentially
layer
truth
as well
right
definitely
for sure
yeah
that's
the big
exciting
definitely
I know
I'm glad
to hear
that
that's
main
focuses
yeah
lots
cool
stuff
come
with
that
hopefully
getting
some
routes
other
assets
that
kind
stranded
harder
access
with
current
interfaces
just
Thorchain
yeah
and then
year
Chad
going
bring
Solana
we'll
finally
make
Valhalla
that
would
nice
yeah
I'm down
for Solana
I have
some
things I'm
concerned
about
I think
overall
I'm down
for it
sweet
sweet
yeah
at some
point
like
I feel
like the
Bitcoin
community
should
just
consider
like
biggest
layer
just
fact
that
we're
spreading
like
native
Bitcoin
these
well
basically
across
entire
crypto
which
like
still
really
being
valued
enough
I think
yeah
actually
I got
email
the other
from
Bitcoin
magazine
runs
famous
Bitcoin
conference
actually
emailed
Voorhees
together
because
we both
Bankless
podcast
together
they
were
asking
Thorchain
interested
engaging
with
Bitcoin
conference
getting
involved
as a
sponsor
whatnot
whatever
started
conversation
because
you're
right
we need
Bitcoin
community
to see
Thorchain
Bitcoin
project
in a
sense
100%
free
mine
shit
coin
yeah
I had
a huge
debate
with
Bitcoin
Maxi
Japan
like
a while
just
it's
still
shocking
like
little
Bitcoin
Maxis
like
know
what
Thorchain
does
yeah
still
remember
that
panel
chat
that
were
hopefully
next
time
you know
you're
part of
Bitcoin
event
or any
of us
really
you know
perception
changed
otherwise
yeah
more work
needs to
be done
and that
was a
painful
one of
the more
painful
talks I've
given in
lifetime
it was
pretty
ridiculous
oh you
handled it
great though
I don't
even
dude I
would have
that would
have been
gnarly
handled it
well but
that was
iconic
that'll be a
fun clip to
like pull
back up in
like five
years
yeah I
couldn't even
hear the guy
for some
reason like
there was
like four
people on
stage I
could hear
myself and
the guy
next to
me but I
couldn't hear
the other
two guys
like it
was very
hard like
I don't
know what
was wrong
with the
audio for
me on
stage I
just could
barely hear
anything so
I could barely
hear the insults
that he was
throwing at
me to be
honest with
you you're
just like
smiling I'm
just like yeah
I don't know
what you're
saying I
think I
joked it
like should I
come over
there and
slap you like
Will Smith
style or
something like
that oh
yeah I
think that had
just happened
like that
was yeah
yeah I
will slap
your ass
Will Smith
style
keep my
protocols name
out your
MF in
mouth
that would
have been
amazing that
would have
been like the
perfect meme
right there
all right
guys let's
wrap it up
thanks a lot
real quick we
didn't give
away any
stuff so
let's pick a
couple people
real quick
I'll pick
one you
pick one
paper I'll
pick
Chris CDC
I've seen
you in
here the
entire
space so
shoot a
DM to
ThorSwap
account grab
some some
free some
free merch
you want to
pick one
paper
sweet yeah
I'll pick
shit emoji
it's been
fine
yeah thank
you for
contributing
to our
dude he's
got a
dude he's
got a whole
closet full of
merch by now
I think
no I'm
just kidding
but he's
always he's
always a good
one so he's
got I would
imagine he's
probably had
some but it's
all good
yeah yeah
you know we
gotta get more
like community
engagement though
yeah no
totally no
he's yeah he
he more than
deserves it he
should have a
full closet of
ThorSwap merch
for for the
level of
engagement and
activity so
yeah totally
but yeah I
think that covers
it oh he wants
to come up let's
see he's gonna
he's gonna
comment on
his on his
closet
so a one
thing I you
can't give it
away to somebody
I literally have
everything so
you guys
give it to
somebody that
that you know
needs more
merc I I can
literally dress
like from my
shoe to my I
have caps
everything so
don't I'll
make somebody
else happy
there
love it let's
pass it on
appreciate that
and by the
way just to
say that you
made you guys
made me laugh
but that guy
was Jack
Muller I should
remember and
he's a if an
idiot I'm sorry
like he's very
smart like he's a
good talker but
he's an idiot and
he's in he's a
bit he's a maxi
right but he's in
love with his
lightning thing
they're always
striking I think
so oh my god
that was painful
to hear but it
was funny
for sure
all right you
too uh yeah
let's I guess
let's pick one
more then um
let me see who's
been in here
I want to give
it to Chad B
but he doesn't
respond to our
DMs I remember
we gave it to
Chad B like um
I think one of
the previous
spaces but he
never claimed
it wow I know
I gotta do that
I actually don't
have much for
like merch of
the protocol that
I helped design
build an architect
I barely have
and the things
that I do have
my wife just
made you know
on her own
of some funny
t-shirt or
something you
got the Thor
Force ones that's
the that's my
that's the legend
date yeah I've
got I've got
those that's
about it yeah
that's my best
that's the thing
I like I barely
even touch them
just because I
don't want to
ruin them
same ruin them
I think my
ruin suit is
tough to beat
yeah that one
was legendary
I remember
I remember
those that
picture
you know
what's funny
is like the
other day I
saw um
Brian Pellegrino
I think his
name is from
the from
layer zero
layer zero
the uh
sparkling water
no I'm just
kidding
he posted a
video like the
new offices they
have and I
don't know what
city was in but
they're just like
really beautiful
like you know
some high tower
rise and
whatever I was
like watching
like oh these
offices are
amazing and I
remember like
thinking myself
like yeah
Thorchain will
fucking never
have this
we've just
always been
such a uniquely
very tiny tiny
tiny tiny king
distributor around
the world
you know what
Chad neither
will Bitcoin
exactly
that's exactly
you'll never
have to see a
Bitcoin office
anywhere and
that's kind of
like the right
way to do it
in a sense
you know
right yeah
who's signing
the lease on
that thing
exactly
how's it being
paid like how
many employees
do you actually
have in order
to fill that
up hundreds I
guess right
I mean to be
fair like they've
had huge amounts
of investment
like ridiculous
like fucking
ridiculous amounts
of investment
and they've
gotten they
paid out a
huge amount
of money to
like to like
you know
Tom Brady
and like other
kind of famous
faces to be
sponsors and
such like they
just have a
huge capital
behind them
so they can
do that stuff
and not really
be concerned
about but we
have just a
shoestring budget
ourselves we
have so few
people people
take very low
salaries to be
honest with you
relative to what
you can get in
the market today
it's just we're
just so efficient
you know and
very very
protective of
whatever capital
we have
totally good
way to be
anyways
yeah this
was fun
we'll do it
again
later guys
all right
see you
everyone
peace
thanks everyone
thank you
