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1  Alternate cryptocurrencies / Altcoin Discussion / TRUEBIT - Discuss on: June 13, 2022, 12:41:24 PM
TRUEBIT

https://truebit.io/


TRUEBIT WHITEPAPER  

https://people.cs.uchicago.edu/~teutsch/papers/truebit.pdf  Authored by Jason Teutsch - TrueBit   &  Christian Reitwießner - Ethereum Foundation - November 16, 2017


Abstract
Bitcoin and Ethereum, whose miners arguably collectively comprise
the most powerful computational resource in the history of mankind,
offer no more power for processing and verifying transactions than a
typical smart phone. The system described herein bypasses this bottleneck and brings scalable computation to Ethereum. Our new system
consists of a financial incentive layer atop a dispute resolution layer
where the latter takes form of a versatile “verification game.” In addition to secure outsourced computation, immediate applications include
decentralized mining pools whose operator is an Ethereum smart contract, a cryptocurrency with scalable transaction throughput, and a
trustless means for transferring currency between disjoint cryptocurrency systems.

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BTW Truebit is chain AGNOSTIC.

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Truebit Tokenomics  

(SOURCE: https://medium.com/gasworks-crypto/truebit-tokenomics-13fb0b65fc67
Understanding the mechanisms behind TRU token value

Introduction
I recently wrote an article about Truebit Protocol, an off chain scaling solution for Ethereum and other Blockchains. Although I had a small paragraph about the tokenomics, I didn’t do a great job of breaking down the price mechanisms that will kick-in when the protocol is adopted and used. I included a video by an anonymous You Tuber in that article, which gave a thorough technical and mathematical break-down of the token. In this article I hope to simplify the information given in the Truebit Whitepaper and You Tube video in order to clarify a few commonly touted misconceptions regarding the TRU token’s price potential.

Key Points:
Use of the TRU token is fundamental and incentivised in the Truebit Protocol OS model. TRU is used to pay Task Givers, Verifiers, and Solvers to run off-chain computation.
After the TRU has been used to complete the task and return the solution to the blockchain (which involves an ETH Gas fee), the remaining TRU is burned. This will result in the TRU supply being -1 from what it was before.
There is a Mint feature built into the Operating System (OS). This, however, does not mean that the price of TRU is static. This is because the cost of minting TRU is in Ether (ETH). This mint price is 0.000422 ETH. Based on the price of ETH today, this equates to $13.6. Although a strong determining factor, this does not mean the price of TRU is pegged to ETH — there are other mechanisms at play.
There is an additional Burn function in the OS as a safeguard for the solvers and verifiers. The Burn price will always be lower than the market price.




When used as a scaling solution, projects incorporating Truebit will need to buy TRU to run their off-chain computations. They can either buy on the OS, or on the open market. For various reasons it should be cheaper to buy on the open market.
Whenever you buy and remove a coin from a liquidity pool (e.g. Uniswap), the value of that coin will go up due to the ratio change inside the pool. In this case there would be less TRU and more ETH. If most of these tokens are being used in the OS to run computation, they will be burned, and will not return to the Liquidity Pool, ever.
Users of the OS will continue to buy from the market / LP’s until the price is equal to or greater than the mint price. As soon as the mint price is less than the market price, an arbitrage opportunity will exist, and the price will quickly stabilise.
However, this is not to say that the price will remain stuck at the mint price, as mint price increases every time a new TRU token is minted.
As the mint price is pegged to Ethereum at 0.000422 ETH, when ETH rises in price, so will the cost of minting new TRU.
The percentage change in the Market Cap of Truebit = Percentage change in Price squared. More simply, the change in price is the square root of the change in the market cap. But it’s important to remember that this is in Ethereum!
The USD price equation, without taking into account the burn mechanism, is as follows:
△Price(%)(USD) = [SQRT(△Market Cap (%)(ETH))] x (1+△ETH(%)(USD))

The above assumes the token is already at its equilibrium price (market price = minting price). TRU is currently 25% of it’s minting price (1 TRU = 0.00011201 ETH). Based on this fact, the above USD price equation would remain the same, except we would multiple the answer by a factor of 4.
The burn mechanism will increase the price appreciation, but more importantly, a dramatic / parabolic increase in the price of ETH would result in a parabolic increase in the value of TRU.
Conditions for price appreciation

The most obvious condition for the appreciation of the TRU token is its adoption and use. Should blockchains or other scaling solutions choose to incorporate Truebit, they will buy TRU from the open market until an equilibrium price is reached. Tokens must be burned in the operating system for TRU to reach its equilibrium price.

If the wider crypto community believe Truebit will be adopted as a much needed scaling solution, speculative investing will occur. Although Truebit currently do no marketing, there is a strong community of supporters, and growing interest from Crypto influencers.

Other Interesting Points:
Truebit
 did not allocate any TRU tokens to themselves when they launched the token. Unlike 99% of other crypto projects, they are not looking to make money from capital gains, but are rather basing their success and income on minting revenue from their operating system (which will pay them in ETH). Truebit will only get paid if the price of TRU on the open market reaches the equilibrium price, and new tokens are minted. If this doesn’t show a sincere and long-term commitment to the project, I don’t know what does.

Investment Considerations
Will Truebit gain widespread adoption as a scaling solution?
Will Ether (ETH) continue to appreciate in value over time?
Unlike projects like Ripple where the token has no real utility, the TRU token is SEC compliant.
Truebit is blockchain agnostic, and can be retrofitted as a scaling solution to other popular blockchains.
Truebit is a PolyChain Capital company, with some well-respected investors behind it.
Truebit has strong ties to the Ethereum Foundation.
Summary
Truebit’s tokenomics are very interesting and attractive, when you break them down mathematically. The TRU token price is linked to the price of Ether due to the minting mechanism, but that does not mean the price is capped. The token burn mechanism in the operating system, and the likelihood of Ether appreciating over time, means Truebit Protocol could potentially achieve parabolic growth. But this will depend on genuine adoption and use. The need for scaling solutions is great, and Truebit offers a workable solution that is both promising, and SEC compliant.

I would like to acknowledge and thank the anonymous creator of the Truebit Token Economics / Pricing video for his detailed analysis of Truebit’s tokenomics.

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A video explaining the tokenomics =

https://youtu.be/kN7qvpns0v0

https://youtu.be/kN7qvpns0v0


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Further reading

https://arxiv.org/pdf/1806.11476.pdf

https://people.cs.uchicago.edu/~teutsch/papers/decentralized_oracles.pdf

https://people.cs.uchicago.edu/~teutsch/papers/stableCPU.pdf

https://people.cs.uchicago.edu/~teutsch/papers/repurposing_miners.pdf

https://people.cs.uchicago.edu/~teutsch/papers/ethereum-cc.pdf

https://arxiv.org/pdf/1806.11476.pdf

https://people.cs.uchicago.edu/~teutsch/papers/unpool.pdf


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Resource to check mint and retirement
https://replit.com/@lpmythbuster/truebit

2  Alternate cryptocurrencies / Altcoin Discussion / FUSE Network. Thoughts ? on: May 23, 2022, 07:36:25 PM
https://docs.fuse.io/general/learn-about-the-fuse-platform/fuse-overview



Fuse Overview: vision, strategy and platform components

Fuse is a decentralized blockchain-powered platform and technology stack whose goal is to enable genuine mass adoption of crypto payments and decentralized finance (DeFi).
The project was launched in 2019 by a team formerly involved in building the Colu project aimed at bringing local currencies to the blockchain.

The Problem

The currently existing financial system falls way short of the objective of providing the people globally with access to fast, frictionless payments, attractive financial services and passive income opportunities.
This is especially relevant for the developing countries. Hundreds of millions of people there lack access even to the basic banking services, let alone access to more advanced financial opportunities. They also often have to transact using highly unstable fiat currencies, prone to episodes of sudden profound devaluation.

At the same time, even in the poorest countries, the pace of mobile phone adoption has been staggering. In sub-Saharan Africa, more people have access to mobile phones than to clean drinking water.

In addition to this, the rise of blockchain technology and cryptocurrencies has finally created the possibility for potentially anyone on the planet to send and receive funds without the permission of any entity, using currencies that cannot be manipulated.   

What the crypto industry still lacks
However, while we are observing a lot of activity in the crypto space (especially in the crypto asset markets, and the DeFi and NFT sectors), genuine mass adoption of crypto payments and DeFi is still not there.

The currently available products and tools, with their complicated and disparate UX, are mostly geared towards sophisticated crypto users with significant financial means. 

How we go about it

Our approach to bringing crypto payments and DeFi to the masses primarily consists in empowering other projects, businesses, organizations and communities to adopt crypto payments and decentralized finance (DeFi).

This is achieved by providing clients with convenient, mobile-first tools for creating and managing token-powered environments, as well as for onboarding users to those and enabling them to interact. 

Platform Components

The Fuse platform has three main components:
1) The Fuse Network blockchain. The EVM-compatible public blockchain is the decentralized, permissionless backbone of the Fuse platform and ecosystem.

2) The mobile-centric open-source technology stack for adopting token payments. This includes the Fuse Studio backend and the Fuse Wallet technology.

3) A set of reference decentralized finance (DeFi) products and tools. The goal of these is to pave the way for the initial adoption of the platform.


Network Overview and Key Metrics

Fuse Network is the decentralized EVM-compatible public blockchain that powers the Fuse platform and ecosystem. It is fully compatible with Ethereum meaning that any smart contract that can be deployed on the latter can also run on top of Fuse Network.

The Fuse Network blockchain uses a variant of delegated Proof of Stake (dPoS) for achieving consensus. The consensus is secured by a significant number of independent validators, only one of which is run by the Fuse core team.

Validators are also responsible for the most important type of governance on Fuse, namely, adopting the network protocol changes via Fuse Improvement Proposals (FIPs).

The native token of the network is called FUSE. New FUSE tokens are issued with every added block and are also use to pay for gas, just like ETH on Ethereum.

The Fuse Network blockchain is designed to ensure fast block confirmation times and a low cost of transactions. The average block interval on Fuse is around 5 seconds, and it currently costs much less than $0.01 to get a transaction confirmed.
In its present capacity, the Fuse Network blockchain is capable of processing around 120 native token transfers and 60 ERC20 token transfers per second. The faster processing of native token transfers is due to the fact that they do not involve computations run on the network's virtual machine.

..... continue reading here = https://docs.fuse.io/general/learn-about-the-fuse-platform/fuse-overview



3  Alternate cryptocurrencies / Altcoin Discussion / PRCY Coin - peoples thoughts ?? on: May 02, 2022, 03:50:07 PM
https://prcycoin.com/knowledge-base/

Coin Ticker   PRCY

Initial Supply   60 000 000 PRCY

Supply Cap   60 000 000 (initial) + 10 000 000 (emission)

Consensus   Proof-Of- Audit, Proof-Of-Stake v3, Masternodes (See-saw rewards)

Emission   0,5 PRCY is reserved for the PoA miner that audits the block.

1 PRCY is split between the staking node that minted the block and a Masternode.

Block Size   Up to 2MB

Key Technologies   Ring CT
Ring Signatures
Bulletproofs
Stealth Addresses
Stealth Transactions
Proof of Audit
Approximate emissions   788.400 PRCY per year until 10 million PRCY emitted

https://prcycoin.com/





4  Alternate cryptocurrencies / Altcoin Discussion / EQUILIBRIA equilibria.network - DISCUSS on: May 02, 2022, 03:39:53 PM
What is EQUILIBRIA

Our mission is to provide private, secure and scalable data to smart contracts.
Through our native token XEQ, smart contracts will be able to access information from the real world in a seamless and tamper proof way.


Our story in numbers
Through community run nodes, we are 100% decentralized


55m Current supply
77m Max supply
100+ Oracle Nodes
15% APY for node operators
What separates us from other oracles.

Privacy Focused
As the first privacy oracle in the crypto space, we allow smart contracts the option to securely transfer data.


Interoperable
With our native token XEQ having it's own ecosystem, we can wrap onto and work with any blockchain.


Decentralized Nodes
Nodes are ran by the community members, all data comes from a decentralized protocol.


POW/POS Hybrid
Hybrid model with both staking and mining, making sensitive data as secure as possible.


Transparent Team
We aim to always keep our plans, updates and changes transparent to both partners and investors.


Funding Secured
Recently secured $1M+ in funding, which will be used for ecosystem development, partner integration and team growth.


https://wiki.equilibria.network/


https://www.equilibria.network/about


https://www.equilibria.network/resources/resources
5  Alternate cryptocurrencies / Altcoin Discussion / DERO: Stargate: A Private Decentralized Application Platform - Discuss on: April 30, 2022, 06:21:18 PM
Pretty decent read ......


source: https://medium.com/deroproject/stargate-a-private-decentralized-application-platform-d166baa7cc2


Stargate: A Private Decentralized Application Platform
Mainnet Release

DERO Stargate: Private Decentralized Application Platform
On December 17, 2017, the DERO Project was introduced to the world as the first private smart contracts platform. The goal was to provide an open, fast and scalable blockchain that protects user privacy and security, even when programmable money is used via smart contracts. In contrast to other blockchain projects, DERO aims to create sound money through the fungibility of native coins, but also with assets created through private smart contracts. The technological advancements have changed since inception in 2017, but the project’s mission has not.

Our Mission
DERO is a general purpose, private and decentralized application platform that allows developers to deploy powerful and unstoppable applications where users retain total control over their assets with complete privacy. It is our goal to create a sound monetary framework that will globally safeguard the privacy of all users and empower free markets to thrive with complete auditability.


The first goal was to create an open base layer protocol that provided privacy, security, and speed for all users. This resulted in a complete rewrite of the CryptoNote protocol in Golang and the introduction of the first BlockDAG that was capable of mitigating majority hashrate attacks. The team has since been working toward the furthest departure from CryptoNote, which is a completely new privacy-by-default blockchain protocol with native smart contracts support.

What is Stargate?
Stargate is built upon the first homomorphic encryption blockchain protocol. Simply put, account activity on the DERO network is never decrypted by anyone other than its owner using a homomorphic encryption scheme for all transactions on the network, including transactions to and from smart contracts. This is achieved using a new and unique homomorphic encryption scheme (DERO-HE) and the underlying DERO Homomorphic Encryption Blockchain Protocol (DHEBP).

Homomorphic encryption is a form of encryption allowing one to perform calculations on encrypted data without decrypting it first. The result of the computation is in an encrypted form, when decrypted the output is the same as if the operations had been performed on the unencrypted data.

Stargate also comes with some convenient features including:
Homomorphic encryption account model
Human-readable addresses (usernames)
Efficient and decentralized proof-of-work mining
Instant coin and token balance syncing
Native token transfers via wallet
Support for both public and private smart contracts
Web socket support for connectivity with decentralized applications
Transfer settlement in ~18 seconds (1 block)
Blockchain pruning (light nodes)
Fixed supply with halving

Smart Contracts
Stargate supports both public and private smart contracts. Public contracts will reveal all data and transactions for complete transparency and auditing. Private contracts reveal limited data, leaving sender/receiver information and token balances encrypted. Both contract types publish their code publicly in order to be auditable, but private contracts allow users to remain anonymous. Assets created from private smart contracts can be transferred much like cash after they are issued, since assets are controlled by the owner, rather than the smart contract itself.

In an effort to reduce complexity and protocol vulnerabilities, Stargate utilizes DVM-BASIC, which is a contract-oriented, high-level language for writing smart contracts. It is easy to learn and is very readable.
Example


' This is a comment
// This comment is supported
/* this is multi-line comment */

 Function Factorial(s Uint64) Uint64   // this is a comment
   10  DIM result, scopy as Uint64
   15  LET scopy =  s
   20  LET result = 1
   30  LET result = result * s
   40  LET s = s - 1
   50  IF s >= 2 THEN GOTO 30
   70  RETURN result
End Function

The example smart contract above demonstrates how easy it is to implement and audit contracts on our platform. Please refer to the DVM documentation for additional examples.

Decentralization
Σ-Mining (Sigma) was introduced to completely change the distribution of mining rewards. Within each block that is added to the blockchain there are constantly emitted “mini blocks” that contain data related to mining. These mini blocks represent traditional mining shares when mining in a pool. This means that anyone mining on the DERO network can earn rewards based on the amount of work contributed, instead of a ‘winner-takes-all’ reward model.
Σ-Miners use an efficient CPU mining algorithm called AstroBWT, which was developed to demand much less power from any device used in mining. It is not surprising that ARM processors, those commonly found in mobile devices, produce highly efficient and competitive hashing power compared to GPUs (video cards) and even many CPUs (desktop computers). It is with this in mind that there is immense potential for allowing anyone to mine from devices that they already own and be rewarded for it.


Tokenomics
Stargate brings with it a conversion of the Bitcoin emission model. The max supply will change to 21 million coins and there will be a halving every 4 years.

Release Date
Stargate will be released to mainnet on February 26, 2022.

We encourage miners to mine using the following DERO address for the first few hours until your new account is registered:
dero1qykyta6ntpd27nl0yq4xtzaf4ls6p5e9pqu0k2x4x3pqq5xavjsdxqgny8270
This will ensure that the network has enough hashing power to support your fellow humans in their registration efforts. Keep in mind that new account registrations can take up to a couple of hours (one time). This is to limit/prevent registration spamming.

Swap Instructions
Any coins on the current mainnet (our Atlantis release) can be swapped to the Stargate mainnet with a 1:1 ratio. Both mainnets will run simultaneously for the next 6 months. This will provide ample time for individuals and exchanges to privately swap their coins and take advantage of the new features of Stargate.

Please note: We will never ask for your keys, so please do not fall prey to scammers. Only use the official sources below for information and instruction.

Please use following addresses to swap from Atlantis (CryptoNote) to the new Stargate (homomorphic encryption) blockchain:

For Users (Choose one)
Deposit Address 1:
dERoVUQjwDdEsFGwF4YdYAhmgv1nNXRkgZkbtTeitsgxNrKw6tbUF3pAPRuNw4AMCcTKXow2HmAfM4K m3Qo7R9jJ7SA3W7eDK3
Deposit Address 2:
dERogEEMBgsS5Yp5M6TUT52SKbY7wQHyVQKXbjjsDAh9e8Bw5NRP52sYzzoCS4ULepFUixddZMVau7Z MoSMWByy53byFMFzTeG
For Exchanges
Deposit Address for Kucoin:
dERoTkCdC3y5eXvHuiu9HYetJBm7gvPyebU4AnWGcGmsKNxK7YuPuish61e6XKWWQmc2Tgx6cv4FbTg mo5nPNXLg9giKB39Lyu
Deposit Address for Tradeogre:
dERoqz3Tu64AWVx7ianrZz59bcvabYK9XgyG4YvDJdjWNQ9ur9wt6LAYKv71PxEGHA8JCX8xdaQd3My rKZtgFUseAAZ4xafZhW
Deposit Address for Other Exchanges:
dERoX6JxfD2Y42sd3b6C93BFwBLNrXh5663dZsRCvTjK72VGUNUwPRZXbtqYCYQiqFGyGpW1fmEJGEs A7d6ApG5v24G5z5EXVJ
The Next Steps
After depositing Atlantis coins to the above respective address, please create a new Stargate account and set the ringsize to 2. In the wallet, type:
set ringsize 2
Next, create a new transaction (wallet option 5) and send the Atlantis (1) Transaction ID (TXID) and (2) the amount sent in the ‘comment’ field to the following address:
dero1qy867gnj0snrcrtwxgqchmn84t8d4cnzcnhdd4xh6qnhx70j4uhf5qgrmcvgg
Example

The TXID and the amount swapped need to be separated by using a “:” as shown above. Please also note that a Payment ID can be left blank and a transfer amount of 0.00001 is required. Each new Stargate account created during the first month of the swapping period, will be awarded a fixed amount of DERO to cover the fees for this transaction.
Once all transactions have been confirmed, the swapping process is complete. This is an automated process and your Atlantis funds will appear in your Stargate account after one week of Stargate uptime.




further reading :


https://documentingdero.medium.com/


Website

https://dero.io/



DYOR
6  Alternate cryptocurrencies / Altcoin Discussion / KeeperDao , Rook, let the game begin. on: April 22, 2022, 11:40:15 AM
Their coordination game has begun

You can have a read up here =


https://blog.rook.fi/introducing-rook/

=


KeeperDAO is no more. We've made it official, and re-named ourselves Rook. It's the name most people were using anyway! Vox populi, vox Dei.

While this is a short mental leap (our governance token was ROOK right from the beginning), it’s not quite so simple a change. But it is a necessary one, and a good chance to pause and introduce our new brand direction, our new app, and of course, our game-changing new protocol.

A New Vision
Our mission at Rook Labs is to make the basic unit of the blockchain — the transaction — safer, cheaper, and more reliable than it is today. Bad transaction settlement costs users and smart contracts hundreds of millions of dollars a year in gas, fees, and MEV. Everybody hates it, and we can turn it around.

Compared to the miners and the keepers, the user is the little guy. The same goes for many smart contracts. They’re just not sophisticated enough to protect against these types of predatory actors. But at the same time, we know that without the users and their transaction flow, these predatory actors can’t survive.

“We want to build products that put the user at the center of the experience. Because it’s really the user that kicks everything off. They are the one making the transaction, driving the value, so it should always be all about the user. That’s the ethos we want to spread. We should always be asking, “what’s good for the user?”, "how is this a win for the user?", because it’s the users that are going to grow the industry.”
We like to describe the Rook Protocol as a Coordination Engine. Coordination is really the heart of the protocol, and what we mean by coordination is that the protocol turns a parasitic relationship into a symbiotic one. It recruits otherwise-predatory actors, and re-shapes their incentives so that they are now behaving in the user’s best interest.

On the blockchain today, users and applications are typically broadcasting their transactions themselves, out into the public network. The Rook protocol offers an alternative, letting users and smart contracts send transactions through a decentralized, high-performance settlement layer that settles the transaction for them in the most efficient way possible.





When you send your transaction into the Rook protocol, it’s going to get packaged into a bundle — a set of transactions that together, generate a profit. This profit is surplus value, above and beyond the value of the individual transactions in the bundle. We use this new profit to pay off the settlement costs (that's gas, fees, etc.), and share anything left over with you.

Bundles are proposed by keepers — automated bots that can simulate entire blockchains and search through millions of different combinations to discover the perfect bundle, and the perfect way to settle your transaction, and then do it for you, splitting the extra profit they discover.

The result is powerful. By making a small change in how you settle your transactions, you alter the entire game. Instead of going alone, you’re coordinating with these advanced pieces of automation that used to be your enemy. For the first time, it's all about the user. You give them your transactions, they discover a way to boost your profits, keep a little bit as their fee, and give you the rest. That’s new. Now your trades are landing every time. There’s no MEV, there’s no fees, you’re actually making money just from sending the transactions in.

“When you read about payment for order flow and how traditional markets work, my first thought is, “hey, wait a minute, that value belongs to the user”. And people will say “oh, well the user gets to trade for free though” — but it’s all misdirection. It’s not free, you’re making $10 off that user and saying “here I’ll give you a free dollar.” Maybe it’s a very DeFi way of thinking but we think that free isn’t good enough — any value a user’s transactions are creating, the user should be keeping almost all of it. We built the protocol around that idea.”
This is how blockchains should work. We think it’s something that everybody should get to experience. This is the settlement layer that DeFi deserves.

A Growing Network
The Rook protocol thrives on diverse participants all connected and transacting together at the same time. As the number of connected parties and their transaction flows go up, things get better and better. Transactions become more efficient, more value gets discovered, and the network gets better secured by its economic incentives.

The network wants to grow.

Because the Rook Protocol is the first protocol that can tackle general-purpose MEV, it isn’t limited by a specific type of transaction or integration. Transaction logic is computed through the Keeper network, which acts as a decentralized abstraction layer, autonomously discovering strategies and optimizing them in a never-ending competition. From the user or protocol perspective, you just plug in and start sending transactions. Everything else is handled for you.






The ability of the Rook Protocol to coordinate has created a unique crossroads in DeFi. Protocols like Bancor, B.Protocol, Gamma Strategies, GMX, mStable, Catalog, and Tally Ho!, are already integrating the Rook protocol into their products. Institutional market makers like Amber Group, Bastion, Cell Capital, and VolleyFire, have integrated the Rook Protocol into their on-chain market making operations. Prominent searchers like Imagine, SiegeRhino, Nathan Worsley, and HodlTree have all integrated their bots to build transaction bundles.

What’s remarkable is that everybody is using it for something different, but they are all working together seamlessly because of the protocol’s ability to coordinate.

B.Protocol wants to rebalance a market after a liquidation. Gamma wants to automatically rebalance a Uniswap v3 position. GMX wants to update the price of a derivative contract. mStable wants to arbitrage a basket of stablecoins. Tally Ho! wants to give its users access to on-chain limit orders. Catalog wants to settle transactions across blockchains. Keepers want access to transactions they can use to build more profitable bundles. Market makers want to provide liquidity to on-chain pairs without exposing themselves to MEV.

When you plug all of these participants into the Rook Protocol, it starts a powerful flywheel effect. They start earning more and they own the value of their transaction flow for the first time. They become co-owners of the Rook Protocol; it's not just a product they use, it's an infrastructure they are a part of.

A Culture of Continuous Improvement
Rook Labs is growing too. We’re no longer a small, deep-tech team of 4 engineers building a protocol. Over the past 6 months we’ve grown into an agile, full-spectrum team of 34, and we're still growing.

We’re creating a new kind of hybrid organization focused on high performance, transparency, constant innovation, and product excellence.

"A lot of projects are setting up flywheels with their tokens and their tokenomics and expecting that to carry the day and we wish them luck. What we're doing is yes, we have our Coordination Engine, the Rook Protocol. It's an excellent flywheel. We think it's the best and most unique engine for settlement that's out there. It’s radical. Is it perfect? No. But improvement and the way that we improve it, that's another flywheel. And the way that we find people and organize and fund teams to improve it, that's another flywheel. And the way we gather profit to feed all of this, that's another flywheel."
Three months ago, we barely had enough contributors to handle basic maintenance, let alone innovate. Today we have fully-staffed teams of engineers, designers, analysts, and researchers. Our workflows are built to handle DAO life — all-remote, all-online, all over the world.

Our production teams have adopted a continuous improvement workflow that is constantly iterating on the protocol and our products. Today, we build all of our products to be shaped by data, and the power of data. We’ve stood up a huge metrics backend to capture everything that happens in the protocol from every angle so that we can analyze it, use it to train models, adjust parameters, detect anomalies, make decisions, and drive research. It’s become a part of our culture, so now everything is built with that in mind, and if something isn’t (or wasn't), we wipe it out and rebuild it from scratch. It’s that important to get right.


We also leverage the DAO. Rook Labs is in constant dialogue with community members to go over matters ranging from how we use our Treasury to how we form our teams and design our products. Many of our best contributors were (and still are) members of the DAO who had the right background and skills and just wanted to get involved.

“We aren't just about one piece of technology. From our tech to our org to our people and our production practices, we are going places. We’re set up like nobody else. We’re not here to deliver a fully-formed, perfect product that falls out of the sky. That's not who we are. That's not the right approach for this problem. DAOs are about change, evolution, regeneration, continuous improvement. Today is just the starting line. This is the first step.”
The Future Is Bright
The Rook Protocol shows that Coordination is better than Competition. Even in these early days, we can already see all the signs of something good starting to happen.

We knew it was possible, but it’s one thing to know it’s possible, and another thing to actually do it. The industry isn’t short on great ideas, it’s short on great teams and great people to actually turn the ideas into a real product and a real standard that pushes the industry forward. That’s what we have invested the time to build. That’s what this rebrand is all about. We’ve got the idea, we’ve got the technology, and now we have the people, and the process, that is going to let us deliver.

In the coming months, the Rook Protocol will continue to expand in volume, users, and integrations. We will be adjusting and watching closely, and we are already developing new technology that will make trading and integrating through the Rook Protocol even easier than it is today.

Rook good, Coordination good, bye-bye KeeperDAO.

Want to join Rook?

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7  Other / Off-topic / A Foolish Consistency Is The Hobgoblin Of Little Minds on: April 10, 2022, 07:22:26 PM
Change minds  .....  including your own  .... 

https://www.enotes.com/homework-help/what-does-a-foolish-consistency-is-the-hobgoblin-109167

empower others,  empower yourself


The world needs you

8  Bitcoin / Bitcoin Discussion / I enjoyed Jack Mallers talk at Miami ,and I think you may too on: April 10, 2022, 07:00:27 PM
I am sure many of you may have seen this already.  But for those of you who have not,  you may enjoy.

https://youtu.be/dD2-T7TX2rk
9  Alternate cryptocurrencies / Altcoin Discussion / District0x - What are peoples thoughts ??? on: August 11, 2017, 12:08:17 PM
I am curious to hear anyone opinions or knowledge regarding District0x  

Please explore, inform, shill, and FUD away...

On a very quick perusal - looks like it could be an interesting project.

https://district0x.io/
10  Bitcoin / Bitcoin Discussion / Fake Wallets on Apple Store on: August 16, 2016, 12:38:47 AM
One of the wallets containing peeps stolen coins ...

12HzbRzNumLxnRxNY72eosNBC98bWHwE85

http://blog.gsora.xyz/2016/dissecting-a-fake-breadwallet-ios-app


https://youtu.be/ytY9_xy7qgY
11  Bitcoin / Bitcoin Discussion / I need some good Bitcoin resources- to help explain Crypto to an investor HELP! on: July 02, 2014, 02:17:41 PM
I am compiling a list of resources
12  Other / Beginners & Help / Good news!the first of many larger merchant/retailers to jump on board in 2014? on: December 20, 2013, 05:26:36 PM
Good news!

http://business.time.com/2013/12/20/online-retailer-will-accept-bitcoin/

Who do we see next I wonder, any ideas? and who would be the best of all of the potential companies/industries to get on board?


13  Other / Beginners & Help / Could a new wave of "bail ins" be the next driver of Bitcoin adoption ? on: December 19, 2013, 02:28:34 PM
Following recent news such as this :


http://www.irishtimes.com/business/sectors/financial-services/eu-agrees-bail-in-rules-for-deposits-1.1626033


and
http://www.theguardian.com/business/blog/2013/dec/18/co-op-bank-bondholders-bail-in-protect-taxpayers

and

http://www.valuewalk.com/2013/12/euro-bail-in-guidelines/


and

http://www.reuters.com/article/2013/12/12/creditors-banks-bail-in-idUSL6N0JR2TJ20131212

All confirming new bail in laws in Eurozone, along with various other countries around the world that in past six months have changed laws to allow bail ins ...

It seems that the PIGS nations in Eurozone are all expecting trouble... Greece is on shaky ground, and there are serious worries for Spain Portugal etc...

I am curious to see what happens in a scenario where another bail in is allowed even just a bondholder bail in...

I am also curious to see how Bitcoin will behave in the event of a major stock crash, if it would suffer from capital flight as people cash out to cover positions elsewhere, or decide cash is king, or if it could be perceived as a "safe haven" (I doubt this atm as there is too much volatility for people to use it to park cash in a safe haven scenario in a financial storm,  so I imagine the Swiss franc and the yen will get hit up, maybe gold, US treasuries <depending on the cause of the crash> )

 I have a feeling Bitcoin could see some capital flight initially in the event of a 2008 style crash, but then recover quickly as the dust settles and people once again are left in dismay at the state of the fiat system.

What do you guys think ?

I am interested in peoples thoughts of how future bail ins may effect Bitcoin, and how you think Bitcoin price/sentiment would react during and after a 2008 style economic freeze/crash and stock market crash.

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