Protocol Weekly is a newsletter to exclusively showcase the progress of Ethereum layer-2 protocols.
This week we’d like to welcome Abacus — an identity and compliance protocol for permissioned tokens! On a broader note, the number of base protocols trying to compete with Ethereum increases every month. Most of them promote a higher TPS or novel new consensus mechanism. However, what all of them lack is a battle-tested infrastructure, developer tooling and most importantly a community. EOS is the closest competitor, however, the requirement for developers to purchase RAM (a speculative asset) is a massive barrier. While maximalism isn’t healthy, there isn’t anything remotely close to the functionality and community Ethereum currently has. To say that Ethereum is dead or has limited days takes a very narrow view of the equation of success.
From Janine Videva (Head of Marketing):
- This week we have been surveying our app users — the feedback received has been used to make the suggested UX/UI improvements. Our quest for users feedback continues please find the survey here (https://liquiditynetwork.typeform.com/to/LozVCd) we believe community suggestions and ideas are invaluable to the project.
- We published our #1 fortnightly business newsletter in both English and Chinese on medium (https://medium.com/@liquidity.network/the-liquidity-network-update-on-development-marketing-and-business-1099f361518f) a great resource for the community to keep up to date on the latest progress, events and releases.
- This week’s exercises on Achievement.Network are mainly on types — address and contract as well as built-in operations.
- Preparation has begun for ETH Berlin. We are proudly sponsoring the event and mentoring at the hackathon. Come by to say hi — we have lots of swag to give away 🍪!
From Jay Kurahashi-Sofue (Marketing):
- Maggie Hsu, AirSwap’s Business Development Lead, spoke on a security token panel at the Voice of Blockchain Conference 2018 in Chicago, Illinois. Maggie spoke alongside David Levine of Indeco, Juan Hernandez of Open Finance, and Chris Williams of Convex Legal.
- Bill Tai, an AirSwap Advisor, sat down with Derek Hsue of Blockchain Capital on Village Global’s podcast Venture Stories. In this one-hour long podcast, Bill and Derek share their perspectives around the past, present, and future of money and what it means in the context of today’s blockchain industry.
- For the last few weeks, our team has been onboarding traders onto our new conversational OTC network. For traders interested in participating in the private beta, please register for the waitlist here.
One thing we need help with:
We’re still actively looking for a Security Token Product Manager to join the AirSwap team! If you’re interested in the Security Token Product Manager role or want to submit a general application, please submit your application in the “Careers” section here.
From Daniel Wang (Founder of Loopring Foundation):
- LoopringDEX Listed TRUE, MOT and TUSD Trading Pairs (Batch#6)
- We have categorized order rings into two classes: peer-to-peer and third-party matching. We will apply different fee models to each class. A noticeable change in 2.0 is allowing users and wallets to use any ERC20 tokens to pay the matching fee. Besides that, we also made sure the fee model can be used to empower more business models for wallets and DEX frontend products. Our smart contract engineers, Freeman and Brecht, have implemented most of the core settlement logics and the new fee model.
- We realized a bug in the NEO node which caused failures in data synchronization. This has been taken care of and now LRC token holders can continue to claim their LRN token.
- We’ve researched and chosen a new way of calling external contracts whereby the Loopring Protocol smart contracts can choose to continue settling rings in the same transaction even when some external contracts throw exceptions. This new approach maximizes the ring settlement success probability and reduces ring miners’ gas consumption. Another implemented feature is the handling of the transfers of tokens that don’t fully comply with the ERC20 standard.
- We’ve implemented caching for several APIs in relay 1.0 to reduce the number of hits to our database. The caching code has been tested and will be launched in production soon.
- Our developers have also added APIs to enable promoting our Wallex Apps for profit-sharing. This interface will initially be used by the new Loopr-iOS app (and apps based on the same code base) soon upon launch.
- H5Dex added functionality to invoke third-party wallets for transaction authorization. The feature is code-complete and will be launched as part of the v2 upgrade.
- We fixed minor bugs in Circulr and did some UX optimization according to community feedback. Now Circulr and Loopr also support more USDT-based trading pairs. We’ve also upgraded Loopring.js accordingly.
- We have started internal testing the new Loopr-iOS app. Based on feedback from our early-bird testers, we have fixed some bugs and improved the user experience.
From TN Lee (Head of Business):
- Loi explains the “any token, anywhere” mantra”.
Learn more about what Kyber is building from CEO Loi Luu:
One thing we need help with:
We’re continuing to improve our engagement with our developer community. If you have more in-depth questions about Kyber’s technical updates or how to integrate with Kyber and tap into our liquidity network, please speak to our friendly developers in our KyberDeveloper Telegram.
From Pradyuman Vig (CEO):
- Abacus Equities Launch: We launched a full service process for tokenizing and managing company equity on our blog. Email us at team@abacusprotocol.com if you’re interested in tokenizing your company equity!
- Ethereum Web Tokens: We created an EIP for Ethereum Web Tokens to standardize the way people authenticate with off chain systems using their Ethereum address. We’d love to hear any feedback you guys have — just comment on the EIP to be part of the discussion.
- Developer Docs: Updated our developer docs with better examples. Whether you want to use our Identity Verification system or build OpenSea compatible NFTs, our docs are the best place to get started.
One thing we need help with:
Follow us on Twitter!
From Aaron Mayer(Community):
- We have exciting news to disclose on Thursday about our upcoming partnerships.
- We’ve been seeing a lot of activity in the Developer Forum, which you can check out at forum.enigma.co
One thing we need help with:
We’d love to find more of the people who are driving decentralization beyond novelties, pushing the envelope, and creating real dApps with genuine merit. We want to ask them, “what will it take to see widespread adoption of the Blockchain ecosystem?”
From Kevin Lu (Product):
- 8x Protocol is excited to announce our partnership with Tenzorum — the team bringing the infrastructure to allow every user to interact with decentralized applications across multiple chains. By integrating with Tenzorum, 8x Protocol will be able to further mitigate the inherent technological friction by providing a seamless user-experience on the web 3.0.
- The team has developed the hi-fi equivalents of the ‘Manage Subscriptions’ with a strong focus on the UI/UX. The next steps for us would be testing the hi-fi designs as well as prototyping our payment-gateway on a hosted server.
- It is a matter of when, not if dAPPs and DAO’s will embrace the subscription economy. At 8x, not only are we building an infrastructure to enable repeatable payments on the blockchain, but also building a stronger and more reliable Ethereum ecosystem. For dApps & DAO’s alike, 8x Protocol is able to minimise hefty overhead/admin costs (such as transfer fees) and also make DAO’s more accountable via recurring payments similarly to instalments during token generation — reducing the probability of the misuse of funds or an exit scam.
Check out 8x’s Aragon Nest Proposal here: https://github.com/aragon/nest/pull/76 - Today’s consumer environment revolves around convenience and interaction. We are currently in the production of multiple videos that demonstrate 8x Protocol’s unique capabilities and use-cases in an array of scenarios.
Stay up to date with our content on Twitter and Medium.
One thing we need help with:
Looking for businesses and services to integrate our MVP when it is released, if you or anyone you know would be interested please contact us (even if you are not a business or service and would love to contribute and experience the consumer end please get in touch) at hello@8xprotocol.com
Participating Projects:
Liquidity Network, AirSwap, Loopring, Kyber Network, Abacus Protocol, Enigma, 8x Protocol.
Updates Not Included This Week:
Quantstamp, Civic, Dharma Protocol, Set Protocol, Connext Network, Codex Protocol, Origin Protocol, The Graph.
Know a protocol that should be part of this list? Drop us an email at hello@8xprotocol.com.
30/08/2018
