In this episode, we provide updates on biz dev, revenue sharing, free stable swaps, and Monero, as well as a strategy to onboard TradFi.

Swap now https://swap.thorchain.org/

THORChain is a decentralized crypto exchange. THORChain is the first and biggest DEX for Bitcoin. You can use any self custody wallet to swap and there’s no KYC required.

Timestamps:

00:00:00 Intro

00:03:00 Randy's update

00:04:00 Randy wants to know who we should integrate! Let him know!

00:05:00 New ERC-20 pools are coming!

00:08:00 Chad starts. Dynamic fee model is live for Symbiosis

00:09:00 Symbiosis UI bug!

00:10:00 Monitoring the code to make sure the behavior and results are what we intended

00:13:00 New BPS idea for price execution

00:15:00 Chad will methodically go through every integration to identify optimizations

00:18:00 We are ready to look for another interface to test it on

00:19:00 XMR update: We broke some things when patching Serai code

00:20:00 Churning has been struggling, so we haven't added Zcash

00:22:00 We could generate a Zcash address with the pubkey!

00:24:00 Would being in the middle of a churn affect our ability to add a chain?

00:25:00 Update on opt-in chain clients

00:26:00 3.19.4 timeframe so XMR can get added?

00:28:00 Audience question: AI/THORKit package to run a node

00:32:00 AI alerting tools

00:36:00 Randy: Super excited for AI agents interacting with THORChain

00:38:00 CEXs are done when it comes to AI agents and can't compete!

00:40:00 Chad B is interested in helping projects add AI agent utility

00:42:00 Randy: EU euro (stable-to-stable) swap volume potential

00:44:00 THORChain's permissionless ethos will win

00:46:00 Revenue share discussion — where do we stand?

00:48:00 We will make integrators more competitive with revenue sharing!

00:53:00 Bittensor subnet AI model capability?

00:59:00 Chad's list of upcoming features

01:02:00 POL Economic Mimir needs to be changed to Operational

01:05:00 Randy: How do I get TradFi to use THORChain?

01:07:00 Randy: We must maintain the moat of our ethos

01:09:00 Chad B: We are the DeFi OGs. Erik Voorhees' ethos with Venice is just like THORChain

01:13:00 We will never surrender the moat of our ethos

01:15:00 Stocks on THORChain?

01:18:00 XMR update

01:22:00 XMR will be the most consequential chain client

Since we had a technical problem with Amir, Boone joined the podcast and discussed ADR 29.

Swap now https://swap.thorchain.org/

THORChain is a decentralized crypto exchange. THORChain is the first and biggest DEX for Bitcoin. You can use any self custody wallet to swap and there’s no KYC required.

In this episode, we provide a marketing update, discuss AI & energy consumption, and finish with a discussion on protocol-owned liquidity.

Swap now https://swap.thorchain.org/

THORChain is a decentralized crypto exchange. THORChain is the first and biggest DEX for Bitcoin. You can use any self custody wallet to swap and there’s no KYC required.

Timestamps:

00:00:00 Intro

00:05:00 Marketing update

00:07:00 Reach out to communities about adding ERC-20s? Easy to do!

00:08:00 Working on Keplr Wallet

00:09:00 Platform to hire KOLs

00:11:00 KOL platform breakdown

00:13:00 Chad B: May be a bot dream

00:15:00 KOL drama

00:19:00 Forewarning for drama

00:20:00 Chad's talk about Monerotopia

00:23:00 Someone who is into XMR will probably understand the mission

00:27:00 Chad B: The attack we suffered is very hard to recover from — but we have!

00:29:00 New version is coming! Fix for Solana so we can churn and XMR

00:32:00 Kenton: The cynical view doesn't make sense

00:33:00 Failure should be expected

00:34:00 TSS will be open-sourced, probably mid-July

00:36:00 Huginn's code auditing is surprisingly good

00:37:00 Moving to DKLS is a priority

00:39:00 The idea is to move to FROST and DKLS

00:41:00 How we would transition cryptographies

00:43:00 We need to find a new version of FROST if we want to add it to THORChain

00:44:00 Multisig on each vault — combining cryptographies. Still entertaining that idea?

00:47:00 DKLS would be first if any changes were going to be made

00:48:00 Question: Can we add AI payment rails and support for precious metal derivatives?

00:51:00 agentsfirst.dev analytics breakdown

00:57:00 Delegation is so hard for startups

00:59:00 These days are still early for AI

01:01:00 Will AI be a bunch of specialist models or a more general model?

01:04:00 Energy consumption versus efficiency of AI

01:06:00 Chad B is bullish when it comes to increased electricity usage

01:09:00 Energy scale is beyond comprehension

01:13:00 Life arose so quickly when Earth was formed

01:17:00 Planet talk — geeking out

01:21:00 Bringing it back to THORChain, THORChain is a good foundation for a better system

01:23:00 When XMR goes live, Kenton will wait about a month before really pushing it out

01:26:00 What happens post-churn when it comes to POL?

01:30:00 Kenton acknowledges Boone for getting the math incorrect

01:33:00 Boone joins and says it is Economic Mimir

01:34:00 Increasing BPs fee is probably the move (Boone)

01:36:00 Kenton gives the case for POL advantages

01:37:00 Kenton floats 25% to POL

01:39:00 POL is a burn, technically

01:42:00 Burn conversation regarding sell pressure

01:46:00 POL conversation continues

01:49:00 POL is an asset, not a liability

01:52:00 New hat!!

01:53:00 POL pitch

01:56:00 POL also buys and burns their asset too

01:58:00 Per-asset minBPS idea (Boone)

02:02:00 Anything else? Direct ERC-20 memoless, TAO 3.20

02:03:00 Reserve hard cap discussion

02:06:00 Reserve income and dispersed

xolosArmy is a decentralized community and project built around eCash (XEC) cryptocurrency.

Swap now https://swap.thorchain.org/

THORChain is a decentralized crypto exchange. THORChain is the first and biggest DEX for Bitcoin. You can use any self custody wallet to swap and there’s no KYC required.

Timestamps:

00:00:00 Intro

00:05:00 Diving talk

00:07:00 Getting on THORChain — what it takes

00:12:00 When you are on THORChain, you have access to the most wallets — hundreds of millions!

00:14:00 Only have a token on THORChain?

00:16:00 What would happen if THORChain was the central point of liquidity?

00:21:00 Fernando starts

00:22:00 Fiat is an instrument of control — BTC solved this

00:24:00 Use THORChain for sovereign liquidity and add connections to the rest of the world

00:25:00 Fork of Bitcoin Cash

00:26:00 We have instant finality — sub-second

00:27:00 Our tech is deterministic from beginning to end

00:29:00 XolosArmy is a project working on eCash — they want to bring the ethos of BCH to eCash

00:31:00 THORChain is much better than CEXs

00:32:00 eCash is a fork of BCH

00:34:00 eCash is not a stablecoin

00:37:00 eCash screen share

00:40:00 Throughput of eCash?

00:43:00 Subnets discussion

00:44:00 Is eCash similar to TAO when it comes to subnets?

00:46:00 eCash subnets explained

00:48:00 What is the cost of an eCash daemon?

00:51:00 What is the vision for eCash getting on THORChain?

00:54:00 We have NFTs and utilize IPFS

00:56:00 XEC can be connected to fiat

00:59:00 We have a $100 million market cap

01:00:00 StarSquid says the chain client is ready

01:01:00 Kenton explains adding liquidity to THORChain

01:04:00 More liquidity seeding discussion

01:08:00 $50k is a good target

01:09:00 Is it on chainnet?

In this episode, we provide a marketing update, followed by a brief update on the exploit. We then dive deeper into a couple of bigger topics, such as dynamic and referral fees, protocol owned liquidity.

Swap now https://swap.thorchain.org/

THORChain is a decentralized crypto exchange. THORChain is the first and biggest DEX for Bitcoin. You can use any self custody wallet to swap and there’s no KYC required.

Timestamps:

00:00:00 Intro

00:02:00 Marketing update

00:04:00 "KOL" talk and bang for buck

00:06:00 Getting new chains added is super important for getting brand-new users

00:09:00 New Affiliate page on swap.thorchain.org

00:11:00 Kenton is thinking the affiliate API should be permissioned

00:12:00 Chad B starts, 3.19.1 fully adopted

00:14:00 1 day, enable signing and churn

00:16:00 KeyVerify talk — when should we move on if it doesn't work?

00:17:00 KeyVerify will be disabled after this moment

00:18:00 Kenton asks about the exact order of turning things back on

00:20:00 THORChain is decentralized — it's obvious

00:21:00 Nodes had to do a lot of steps with developers

00:23:00 AI made this so much faster for us

00:24:00 Over time, we will have a more professional node operator base

00:26:00 Devs have been working nonstop on separate issues

00:27:00 Post-mortem is coming, hopefully within 2–3 weeks

00:29:00 We do a very good job being public, but that is often used against us

00:30:00 When we get going again, we will be testing the dynamic fee model with select partners

00:31:00 Applies to all THORNames

00:34:00 Chad says he is not sure who is correct on dynamic fees

00:37:00 Start simple and tweak it as we get more info

00:39:00 Kenton: It should be obvious

00:40:00 SwapKit rev-share program discussion

00:45:00 Stable-to-stable swaps should be neutral but result in more volume

00:46:00 Kenton: Stablecoin idea should be great

00:48:00 Denny: Stable-to-stable will be amazing for point-of-sale applications

00:50:00 Kenton: Dynamic fees may be really helpful for direct integrations

00:51:00 These features are bound to "click" with partners

00:54:00 Lots of exciting things are coming!

00:55:00 XMR testing update: Going well!

00:56:00 Huginn update: Pointed it at Serai

00:57:00 Monero may be coming within 1–2 months

00:59:00 XMR actually works!!

01:01:00 RUNE question from the audience about governance

01:03:00 Kenton breaks down liquidity pools

01:05:00 It is not hopium — THORChain has fundamentals

01:07:00 This protocol is actually real and useful

01:11:00 TON Wallet question from the audience

01:12:00 We are reaching out to everyone!

01:13:00 POL transition: Protocol-Owned Liquidity

01:14:00 Kenton thinks 25% POL is what is needed

01:18:00 Chad B: Where do you stand on POL?

01:20:00 Bull market POL could get very crazy

01:23:00 Dev fund could make much more money and the treasury could go away

01:25:00 We are moving away from a hard cap

01:27:00 Denny gives his thoughts on LPs

01:30:00 LPs withdraw when things turn around?

01:35:00 We didn't have data about AMMs when we first started

01:41:00 The scalability of THORChain in terms of liquidity and developers

01:45:00 Possible incentive pendulum tweaks

01:48:00 Price/volume graph comparison

01:53:00 Stock trading on-chain — KYC?

01:55:00 Perhaps companies will push for permissionless

01:58:00 Stocks

02:02:00 How have Maya devs been doing?

02:06:00 Outro

02:09:00 Attempt to attack Chad Barraford

Milan from NanoGPT joins Kenton and Denny to discuss his journey from central banking to building a privacy-focused AI platform powered by crypto. They explore NanoGPT's integration with THORChain, the future of AI payments, and why privacy matters in both finance and artificial intelligence.

Swap now https://swap.thorchain.org/

THORChain is a decentralized crypto exchange. THORChain is the first and biggest DEX for Bitcoin. You can use any self custody wallet to swap and there’s no KYC required.

Timestamps:

00:00:00 Intro

00:03:00 Kenton update, Churn, 3.19.1

00:04:00 Marketing update, signed an agreement with Sal the Agorist and Mark Edge ASK

00:06:00 Every single person watching that show should be using THORChain

00:07:00 Milan starts, NanoGPT

00:09:00 Milan worked for the central bank

00:11:00 The central bank was anti-crypto

00:12:00 The central bank wanted a button to stop transactions and KYC and the money issuing to be in their hands

00:13:00 Why did you decide to work at a central bank

00:16:00 Kenton had a friend that worked with the Bank of Canada

00:17:00 Milan did not have a good breakup

00:19:00 Milan thought subscriptions for AI models was a terrible idea

00:20:00 An early user was Erik Voorhees

00:21:00 NanoGPT has grown to include all AI models

00:22:00 Claude pulled Fable access for everyone

00:23:00 NanoGPT is an AI aggregator, 80 providers

00:26:00 NanoGPT is the same price or cheaper

00:27:00 Kenya man used Nano for medical questions

00:28:00 Neobanks are getting shut down, do you run that risk?

00:29:00 Big providers make a loss with subscriptions — many people share a subscription

00:31:00 They know what we are doing

00:32:00 How do customers choose what AI model to use? Automatic or custom?

00:34:00 AutoModel checks what kind of question it is and decides the prompt difficulty

00:38:00 Website feature

00:42:00 CEX story of getting paused

00:43:00 Iranian linkage because of $32

00:44:00 THORChain and NanoGPT are a great partnership

00:47:00 How did the Kenya man figure out you existed?

00:48:00 NanoGPT and Venice are competitors?

In this episode, we provide a marketing update, followed by a brief update on the exploit. We then dive deeper into a couple of bigger topics, such as sectioning and censoring, followed by discussions on the Nakamoto Coefficient and decentralisation.

Swap now https://swap.thorchain.org/

THORChain is a decentralized crypto exchange. THORChain is the first and biggest DEX for Bitcoin. You can use any self custody wallet to swap and there’s no KYC required.

Timestamps:

00:03:00 Kenton Marketing and Swap Interface Update

00:07:00 Chad gives a recovery update

00:08:00 KeyVerify has not been functional yet

00:10:00 GAIA IBC infinite mint bug was patched

00:11:00 KeyVerify is not necessary, but it's nice to be 100% safe

00:13:00 Is it a single node holding things up?

00:15:00 Ban Mimir discussion

00:18:00 Churn-out talk for nodes that are asleep at the wheel

00:19:00 How did the ban function work?

00:20:00 What if node or nodes could kick out other nodes?

00:21:00 The network will only allow 1/3rd to leave at a time

00:23:00 Badger protocol was attacked with a script on the website in the past

00:24:00 To Chad's knowledge, no one is being slashed

00:25:00 3.19.1 is coming today or tomorrow

00:27:00 Tuesday or Wednesday should be trading hopefully

00:31:00 Claude question from audience: Claude says it sees high risk of sanctions

00:32:00 AI psychosis

00:34:00 Fear-based content gets traction

00:37:00 THORChain cannot be used for money laundering

00:39:00 Who will sanction THORChain?

00:40:00 Crypto are individual nations with their own governance

00:45:00 THORChain could sanction others

00:47:00 The current economic system is definitely built to launder money

00:48:00 Sanctions are a sign the system is dying

00:51:00 Question: What if USDT froze the pools?

00:52:00 Smart contracts have been frozen

00:55:00 Game theory: If USDT goes crazy with freezing, they could get a bank run

01:00:00 Kenton: Positive articles will be coming once things calm down

01:00:00 Use tables and lists for better AI SEO—AI loves tables and lists!

01:01:00 It's expensive to sponsor content and it doesn't count towards SEO

01:03:00 Question: Can't we just ignore the unresponsive nodes?

01:04:00 Chad: When doing KeyVerify, we need 100% participation

01:05:00 Two forms of cryptography to secure the network? GG20 and DKLS?

01:09:00 Engineer in the office vs engineer in the field

01:10:00 The simpler a design, the less likely it can be attacked successfully

01:13:00 What other things are happening despite the current situation?

01:14:00 Zcash may be coming soon! And XMR!!

01:15:00 TAO is probably next. Need 3.20 first

01:16:00 THORChain is going to give people whiplash by coming back so well!

01:18:00 Still talking to Layer 1s and they still want to get listed!

01:20:00 POL: Let's make 25%

01:27:00 Question: What about burning? Are we getting rid of it?

01:31:00 RUNE is a better Bitcoin than Bitcoin

01:33:00 The winners will be determined when the crypto market gets proper saturation

01:34:00 Value is very subjective

01:35:00 Boone tries to correct Kenton's math, Kenton disagrees. NERD FIGHT!!!

01:40:00 Chad shares screen about most decentralized blockchain by Nakamoto Coefficient

01:46:00 Chad calculates THORChain's Nakamoto Coefficient

01:51:00 Deep dive into that calculation

01:58:00 Isn't THORChain the most complicated chain?

02:02:00 Mythos is out in the open with Fable 5?

02:04:00 Huginn is getting a more diverse skill set

02:06:00 Possible Serai fixes via AI

Swap now https://swap.thorchain.org/

THORChain is a decentralized crypto exchange. THORChain is the first and biggest DEX for Bitcoin. You can use any self custody wallet to swap and there’s no KYC required.

Timestamps:

0:00 Intro

0:03:00 THORChain Marketing and Protocol Update

0:07:00 Zephyr Conversation Begins

0:11:00 Zephyr Presentation Starts

0:12:00 Supported Tokens and Where the Yield Comes From

0:14:00 What Is Zephyr?

0:16:00 Why Privacy Is Important and Necessary

0:18:00 Stablecoin Rails Currently Have an Off Switch

0:19:00 The Holy Grail of Crypto: A Decentralized Yield-Bearing Stablecoin

0:20:00 LUNA Mechanics Were Bad, the Idea Was Good

0:21:00 Stablecoin Reserve Mechanics

0:23:00 Dr. Future Explains Overcollateralized Mechanics

0:25:00 How Proof-of-Work Rewards ZRS Holders

0:27:00 Proven History of Hardiness and Stability

0:29:00 Community Incentives When the Zeph Price Drops

0:32:00 ZSD: Zephyr Stable Dollar Explained

0:38:00 ZYS: Zephyr Yield Share Explained

0:45:00 How Is It Sustainable?

0:48:00 Understanding the Risk Profile

0:49:00 No Lock-Up Periods

0:50:00 ZRS: Zephyr Reserve Breakdown

1:01:00 The Four-Asset Ecosystem

1:03:00 Block Reward Breakdown

1:04:00 The Zephyr Flywheel Thesis

1:08:00 Zephyr EVM Bridge

1:13:00 Could the ERC-20 Version Be Added to THORChain?

1:15:00 Audience Question: Is the ERC-20 Version Significant Enough to Scale?

1:20:00 The Best of Both Worlds Partnering Together

1:22:00 Where Is the Outside Money Coming From?

1:23:00 How Do You Acquire Zephyr Today?

1:24:00 Wallet Support

1:24:00 Stablecoin Swaps Will Be Free on THORChain

1:27:00 THORChain Fee Structure

1:30:00 Protocol-Owned Liquidity Growth and Considerations

1:38:00 Cost to Run Zephyr

1:42:00 Let's Get It on THORChain!

1:47:00 Stablecoin Speed and Finality

1:53:00 ZephFlow.live

In this episode, we provide a marketing update, followed by a brief update on the exploit and a discussion about privacy coins. The main topics, however, were the zero-fee stablecoin discussion and the dynamics between Rujira and base layer.

Swap now on THORChain https://swap.thorchain.org/ without KYC or limits!

THORChain is a decentralized cross-chain liquidity protocol that lets users swap assets directly between blockchains without wrapping or using centralized exchanges. Its app layer ecosystem means developers can build decentralized apps that tap directly into liquidity across chains. Unlike most platforms, it offers real ownership of your assets, deep liquidity, and fast swaps in one seamless network.

To learn more about THORChain, check out more videos:

https://www.youtube.com/watch?v=eMbeCjNJ5Eo

https://www.youtube.com/watch?v=4M_4N9-3ZUo

https://www.youtube.com/watch?v=zzHXrsaWT-w

https://www.youtube.com/watch?v=Y5v9XiXAJ7g

Swap now on THORChain https://swap.thorchain.org/ without KYC or limits!

deving.zone maps the native cross-chain DeFi stack built on THORChain and powered by Rujira. Explore live pools, swap pairs, markets, projects, teams, denoms and frontends across THORChain.

Swap now on THORChain https://swap.thorchain.org/ without KYC or limits!

THORChain is a decentralized cross-chain liquidity protocol that lets users swap assets directly between blockchains without wrapping or using centralized exchanges. Its app layer ecosystem means developers can build decentralized apps that tap directly into liquidity across chains. Unlike most platforms, it offers real ownership of your assets, deep liquidity, and fast swaps in one seamless network.

To learn more about THORChain, check out more videos:

https://www.youtube.com/watch?v=eMbeCjNJ5Eo

https://www.youtube.com/watch?v=4M_4N9-3ZUo

https://www.youtube.com/watch?v=zzHXrsaWT-w

https://www.youtube.com/watch?v=Y5v9XiXAJ7g

Swap now on THORChain https://swap.thorchain.org/ without KYC or limits!