Arrrvin (OP)
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January 18, 2021, 04:19:29 PM |
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How Radix Is Bringing Interoperability to DeFi
The Drum, Stephen Young, 18 January 2021
Twitter Linkedin Email Facebook Facebook Messenger Whatsapp Reddit Flipboard Google Plus twitter share button facebook share button pinterest share button A new era of financial innovation and inclusion is upon us. While the value of bitcoin soars and institutional capital floods into the market, numerous projects have emerged offering alternatives to the walled gardens of traditional banking. These open finance protocols – variously concerned with borrowing, lending, saving, staking and trading – witnessed stupendous growth in 2020, finishing the year with over $15 billion locked into their smart contracts. While the first phase of DeFi was a resounding success, the potential for further growth is enormous. After all, if DeFi can make good on its promises, it could deliver accessible financial services to users all over the world, transforming itself from a niche technological tool into a genuinely global industry. The number of unbanked adults currently stands at 1.7 billion. As well as having a simpler onboarding process, DeFi, as it stands, gives users far higher yields than they can expect from regular bank accounts. This will essentially unlock billions of dollars of idle capital in low-interest bank accounts and provide full ownership over the custody and utilization of funds.
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Even if you use Bitcoin through Tor, the way transactions are handled by the network makes anonymity difficult to achieve. Do not expect your transactions to be anonymous unless you really know what you're doing.
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Arrrvin (OP)
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January 18, 2021, 04:57:28 PM
Last edit: January 22, 2021, 10:44:20 AM by Arrrvin |
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The 7 day simple moving average price of eXRD is confirmed above the $0.13 threshold for the next unlock.
The unlock is subject to a 1-24hr random timelock which has now started!
The unlock will occur no later than 16:18 UTC Jan 19th.
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Arrrvin (OP)
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January 19, 2021, 06:50:57 PM |
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What is DeFi Composability and Why Does it Matter?
Matthew Hine, 19th January 2021
We often talk about how mainstream DeFi needs a DLT platform that not only provides high scalability, but also doesn’t ruin composability (or more specifically “atomic composability”). Providing both limitless scalability and frictionless atomic composability at the same time is one of Radix’s biggest technology breakthroughs that is designed to work with our unique form of secure DeFi smart contracts. The importance of scalability is pretty easy to understand; it’s the ability to handle more transactions and process them quickly and cheaply. But what exactly is composability and why is it so necessary for DeFi?
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Arrrvin (OP)
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January 20, 2021, 04:54:53 PM |
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A Radix Review of 2020
Radix DLT, 19th January 2021
The DeFI space grew substantially over 2020 and made history by seeing the year out with a bang by recording a colossal US$15.442 Billion in Total Locked Value. And this phenomenal amount continues to grow as we speak, making it a fascinating time to be in DeFi. 2020 was also an incredibly busy year for Radix with a range of new strategic partnerships secured and great strides taken to develop our ecosystem. We look back at some of the year’s highlights and if you want more information, remember there is also a great deal of information on our blog, YouTube, and in the three whitepapers published on our website.
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Arrrvin (OP)
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January 21, 2021, 04:31:06 PM |
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eXRD is now trading on Bitfinex
Radix Tokens (Jersey) Ltd, 21st January 2021
Today marks another milestone in the Radix journey, as the eXRD token has been listed on Bitfinex with USD/eXRD and BTC/eXRD trading pairs. Trading on Bitfinex opened at 12:00 UTC on January 21st, 2021.
Click here to go directly to the eXRD pairs on Bitfinex. Since launching the eXRD token back in November, there has been a great deal of support for the token on Uniswap, with over $20m of liquidity and $12m of volume in the last 7 days. The growth in market size has also been accompanied by the eXRD market cap and token price increasing, resulting in a series of supply unlocks as per the price-based unlocking mechanism. The most recent unlock occurred on January 19th, 2021, when the 7-day simple moving average price of eXRD exceeded $0.13. It has been fantastic to see eXRD do well on Uniswap and DeFi as a whole reaching an all-time high with over $25Bn of total value locked in the industry. However, there is still an important role played by centralised exchanges such as Bitfinex in supporting the long term health of the Radix token economy. Bitfinex is one of the largest cryptocurrency exchanges in the world, consistently reaching over $1Bn in 24hr trading volume with a wide range of markets and pairs. For Radix, the BTC/eXRD pair also opens up a large new market that is not directly accessible on Ethereum only platforms like Uniswap. As a centralised exchange, Bitfinex has a different fee structure compared to Uniswap that has benefits such as not requiring an Ethereum gas fee when making trades. As part of the Bitfinex listing, new Bitfinex accounts created using this link will benefit from a 6% rebate on trading fees over the next 30 days. The new markets and trading options provided by the Bitfinex listing is an important step forward for eXRD, and there are more discussions on-going to provide additional markets for eXRD token holders that will facilitate further token distribution ahead of the Radix Public Network launch in Q2-2021. Thank you for your continued support of Radix, and our mission to power the future global mass adoption of decentralised financed. *This publication is made on behalf of Radix Tokens Jersey Limited, a company registered in Jersey with registration number 132555 and the expressions “Radix”, “RTJL”, “we”, “us”, “our” or “team” shall be construed accordingly Radix Tokens (Jersey) Limited is incorporated and operated under the supervision of the Jersey Financial Services Commission.
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Arrrvin (OP)
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January 22, 2021, 07:25:54 AM |
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Radix Report – 21st Jan
Piers Ridyard, 21st January 2021
OVERVIEWWelcome to the first fortnightly Radix Report – a quick rundown on what has happened in the world of Radix in the last two weeks and a great way of staying up to date with the work the Radix DLT team is doing on getting the decentralised finance protocol up and running! January is always an interesting time of year – a month where everyone starts to pick up the bits of their brain that were resting over Christmas and starts revving the engines again to get back into the race. Radix ended 2020 with Drop 2 of the Radix Public Network development code, one of the single biggest deliveries of the first version of the public ledger and a key milestone in hitting our Q2 2021 mainnet target. The first half of January has seen the development start to ramp up on Drop 3, with the dev team transitioning from just development of the core functionality to testing and hardening of the code. That doesn’t mean there isn’t still a lot to build, but it is a key point in the maturing of the codebase and moving towards a functional public network. On the non-tech side, January has seen a lot of the groundwork covered for our first major listing, covered by Adam in the strategy section, as well as a lot of great coverage that the Radix community has been generating for the project. We’ve also had a few great new hires since coming back after the holiday season, and so it is great to see the team back both refreshed and enlarged to take on the challenges ahead for 2021!
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DutchFinity
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February 05, 2021, 12:16:56 PM |
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Development Update
From Russell Harvey, CTO & Matthew Hine, Head of Product at Radix DLT.
A few points of interest taken from the team’s resolved items list:
- We continue to refine mempool management, such as having nodes automatically reject (before consensus) atoms that are clearly invalid or are known to conflict with existing committed state.
- Node-runner clients are now able to query the delegator status of the node (is it accepting delegated stake or not) and the total stake currently delegated to it.
- Since we carried much code over from the previous Tempo-based network, we did some clean-up of the atom structure design to better reflect the way we expect REv2 to use atoms in the future.
- We continue to add to our test and monitoring infrastructure, with our internal dashboard now including monitoring of Jenkins, our faucets, and metrics exporters.
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DutchFinity
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February 06, 2021, 07:47:43 AM |
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Radix Engine v2: Exploring Components and the Radix Finite State Machine
Radix DLT
Matthew Hine, Head of Product at Radix DLT, gives an overview of the Radix Engine v2 and how it is a key component in Radix’s mission to build the first Layer 1 protocol specifically designed for DeFi. Find out how Components and the Radix Engine v2 allow developers to create a more secure, intuitive form of smart contracts for DeFi and how the Component Catalog delivers significant improvements compared to using the Ethereum solution stack. View: https://www.youtube.com/watch?v=Z5jLiR11gtY&t=0s
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DutchFinity
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February 06, 2021, 07:24:54 PM |
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Big YouTuber ' Martini Guy' mentioning Radix as ' an absolute gem'. Quick snippet, apparently more to come. Nice to see. https://youtu.be/AcxE3He5Rao?t=820 timestamped Radix Ecosystem Team |
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DutchFinity
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February 08, 2021, 09:29:30 AM |
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Radix Engine v2: Exploring Components and the Radix Finite State Machine
Radix DLT
Matthew Hine, Head of Product at Radix DLT, gives an overview of the Radix Engine v2 and how it is a key component in Radix’s mission to build the first Layer 1 protocol specifically designed for DeFi. Find out how Components and the Radix Engine v2 allow developers to create a more secure, intuitive form of smart contracts for DeFi and how the Component Catalog delivers significant improvements compared to using the Ethereum solution stack. View: https://www.youtube.com/watch?v=Z5jLiR11gtY&t=0s How does the Radix Engine V2 Work
Radix DLT
In part two, Matt takes a look under the hood of the Radix Engine v2 to explore the Radix Finite State Machine and how Components built on Radix are more intuitive and easier to define in contrast to those adopting an Ethereum style approach. Matt demonstrates precisely how intuitive this is by showing how Components can be reused, built-on to add new functionality and deployed to construct a gumball machine to serve wrestling superstar, Rowdy Roddy Piper. Learn more about Radix, the first layer 1 protocol built for DeFi here: https://www.radixdlt.com Radix provides the decentralized finance industry with a scalable, secure-by-design, composable platform with a DeFi specific build environment to make it easy to build and launch scalable DeFi products. DeFi is the future of finance, and Radix is the future of DeFi! View: https://www.youtube.com/watch?v=Lkt0y8DTx9A&t=0s |
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DutchFinity
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February 12, 2021, 08:37:47 AM |
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Radix launches GoodFi Alliance with Chainlink, Aave, Messari, mStable & More
Radix DLT
Radix today announced that they are launching GoodFi, a non-profit initiative alongside Aave, Chainlink, Messari, mStable & more. These members have already committed to further education, research, and best practices for the decentralised finance (DeFi) industry, helping accelerate the adoption of DeFi. GoodFi was created with a clear mission: get 100m people to put at least $1 into DeFi by 2025. In the last year, the total value of assets in the DeFi industry increased from around $1Bn to nearly $30Bn – yet this only represents a tiny fraction of the $111Tn that is in the global financial industry. Continue reading:
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DutchFinity
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February 12, 2021, 03:21:00 PM |
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Sovryn: Making your Bitcoin do DeFi
Radix DLT
In this episode of the DeFi Download, Piers Ridyard interviews Edan Yago and Ororo Munroe. Ororo and Edan are contributors to the Sovryn.app, a decentralised Bitcoin trading and lending platform bringing DeFi to the Bitcoin. The objective behind Sovryn’s creation was to extend the decentralised ethos of Bitcoin beyond the monetary aspect to services such as exchange. Listen to the podcast en continue reading:
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DutchFinity
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February 15, 2021, 03:45:15 PM |
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Radix Technical AMA with Founder Dan Hughes – 2nd February 2021
Regarding the Cerberus implementation: Will contracts (state machines) have access to the quorum certificate of a command?
All state transitions require a quorum of agreement or rejection. A Quorum Certificate will be available at all validators that execute any state transitions within the atom, for all state transitions within the atom. A contract will be executing and invoking state transitions, so yes, it stands to reason that it will have access to the output certificates from those transitions.
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DutchFinity
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February 16, 2021, 01:19:00 PM |
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The founder of Radix DLT Dan Hughes will be doing an AMA in the official Radix Telegram from 15:00 UTC today! Drop by the Telegram to follow along https://t.me/radix_dlt |
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DutchFinity
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February 17, 2021, 11:36:46 AM |
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Radix Technical AMA with Founder Dan Hughes – 2nd February 2021
A cross-shard transaction must be processed by multiple nodes at the same time. Is there a risk of starvation for a transaction involving busy shards? How are transactions in the same shard prioritized?
This is possible if there is no mechanism to provide some guard against it. The solution will likely be validators that weakly sync their mempools with other validators on shared events and use a priority queue to ensure that all validator sets process any atom in question at around the same time. This is something I’ve recently developed and is implemented in the Cassandra research platform, and it works wonderfully in situations where there is an uneven load or high latencies 😊.
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DutchFinity
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February 19, 2021, 10:06:13 AM |
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Radix Report – February 18th 2021
Adam Simmons 18th February 2021
OverviewPiers Ridyard, CEO – Radix DLT
The last two weeks continue to be solidly on the bull for the crypto market, with Bitcoin sailing past the $50k mark, and more rumours about increasingly large corporates looking to follow Tesla’s lead and moving to put Bitcoin on their balance sheet. With the increased economic stimulus via printing money both in the US and globally, the stability of fiat money continues to cause worries for corporations with large amounts of cash on their balance sheet (looking at you Apple) – and more and more evidence is emerging that the non-crypto world is starting to understand why a supra-national store of value is meaningful and important. Closer to home, at Radix we have started the process of interviewing experienced Solidity and DeFi developers about their experiences with writing and deploying dApps. From these interviews, the Solidity security tax is hard to overstate. It is not uncommon for a team to spend around 10% of their development time writing functionality, and 90% of their time working out all the ways that functionality could have bugs, break or be attacked. Despite this, we are still seeing the results of more and more sophisticated attacks of the type that the Yearn crew have just had to deal with across many interconnected DeFi applications. These are not trivial problems, and writing financial applications is complex and careful work. It is precisely interviews of this nature that make me so excited about what is coming down the line for Radix over the next 12 months. Continue reading:
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Arrrvin (OP)
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March 01, 2021, 06:42:13 PM |
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Betanet is Coming
Radix DLT, 1st March 2021
The Radix DLT team is pleased to announce that we will be launching our “betanet” network on April 28th, 2021. This will mark the end of our “drop 3” internal milestone (more on our drops here), and the completion of the bulk of core Radix development intended for the first public network release by end of Q2. Betanet is going to be an exciting and intense period of testing with the community’s help, so let’s get right into the nuts and bolts.
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