To increase awareness of the recently launched Bonded Stablecoins, we are introducing a referral program. The program rewards people for introducing new participants to try and use these stablecoins, that are some of the most technologically innovative in the cryptocurrency space.

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It works like any other referral program: you get a referral link and share it over the various channels that are available to you:

  • blogs;
  • tweets;
  • posts;
  • newsletters;
  • videos;
  • public profiles;
  • etc.

New users who click your link become your referrals. If they buy and hold stablecoins or other tokens, both you and your referral get rewarded every week:

  • you get up to 10% of the referral’s…


Following the launch of Bonded Stablecoins, it became clear that while the interest (stable+) and growth tokens can be easily exchanged to and from the reserve currency, the liquidity of stable tokens is lacking. To improve the trading environment of these tokens, we are launching incentives for liquidity providers who add liquidity to Oswap. The incentives will be funded from undistributed funds, i.e. this is a new distribution method.

As a reminder, the stable tokens are created by depositing the interest (stable+) tokens in order to strip the stable value from the interest that stable+ tokens earn. Apart from opening and closing deposits, the Bonded Stablecoins dapp doesn’t provide any convenient way of trading the stable tokens. …


With the launch of Bonded Stablecoins, we also started a new method of distributing Bytes.

We want new users who are still outside the Obyte community to try and use Obyte and products that exist in the ecosystem, Bonded Stablecoins being one of the major such products. We want the onboarding process to be as easy and frictionless as possible.

That’s why we created a Buy interest tokens page that allows buying interest tokens with other cryptocurrencies for users who don’t have GBYTEs yet and want to avoid the hassle of buying them through an exchange.

The page works through simpleswap.io — a cryptocurrency swapping service — that converts the input currency (BTC, ETH, USDT, etc) to GBYTEs, which are then sent to a buffer Autonomous Agent, which later converts GBYTEs to interest tokens and sends them to the user. All this happens behind the scenes while for end-users the entire process looks like a one-step purchase. …


Bonding curves and their applications in DeFi have been a topic of active research lately. Here, we introduce a novel design of algorithmic stablecoins that is based on bonding curves and solves several issues in previous stablecoin designs. We call this new kind of stablecoins bonded stablecoins. (See a PDF version of this article for a better display of mathematical formulas that is unfortunately impossible on Medium.)

Unlike their predecessors, bonded stablecoins maintain the peg and don’t risk becoming insolvent even in the event of abrupt depreciation of the reserve currency, don’t require users to overcollateralize, and come with a companion token which is an interest-bearing investment instrument. …


In March we published a what’s next article about the upcoming decentralized token registry and now it is ready to be used in an intuitive user-friendly interface.

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The website of the registry is tokens.ooo (testnet.tokens.ooo for testnet).

The Autonomous Agent that powers the registry has been in operation and used by ODEX decentralized exchange and Ostable stablecoins for a long time, and what is launched now is a user interface that allows to easily view, add, support, and dispute registered names. …


To make it clear how DAG is different from blockchain, we prepared a side-by-side comparison of the two technologies by several criteria.

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Acceptance into the ledger

Blockchain. Through a small number of block producers (e.g. mining pools).

DAG (Obyte). Totally decentralized/disintermediated.

Ordering of transactions

Blockchain. Coupled with acceptance, see above.

DAG (Obyte). For some transactions — automatic and follows from the DAG structure, when partial order exists.

When there is no partial order, relies on a small number of order providers (witnesses).

What consensus is about

Blockchain. Composition of blocks, i.e. inclusion or non-inclusion of every individual transaction.

DAG (Obyte).


Autonomous Agents (AAs) are now on mainnet and we are starting to roll out applications that AAs make possible. This post is about stablecoins. As the design that we developed is different from all other stablecoins known in crypto so far, we will use “discount stablecoin” as its name to note its difference. We’ll explain below why the term “discount” is applied in this implementation.

Attention to stablecoins has been growing lately and the largest stablecoin, Tether, is currently occupying the 4th position on CoinMarketCap. Among their benefits are their convenience as a stable and familiar unit of account, which makes them often being used in trading pairs on exchanges, as well as the ease and freedom of transferring value from one user to another, including from exchange to exchange. …


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Since its launch on December 25, 2016, the Obyte platform, then known as Byteball, has implemented everything stated on the original white paper and much more. This year will be no different in that regard with new features making Obyte even better, addressing scalability issues such as network fees and network bloat, as well as improving decentralization. The only difference this time will be an updated white paper to reflect all of the improvements that have been made over the years.

Making Obyte Easier to Use

Even if using Obyte is already easier than many other DLT projects out there, the team is constantly working to make things easier and easier in order to make the software more accessible as well as appealing to a wider user base. …


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With Autonomous Agents recently activated on mainnet, we expect to see many dapps that will issue their tokens. Multiple stablecoins pegged to various assets and with varying parameters, prediction market shares for various events are just a few examples.

All these coins will be tradable on ODEX exchange, Oswap, and other exchanges and we need a fair, fast, scalable, and decentralized way of assigning human-friendly names to myriads of tokens.

There is already an asset registry operated by long-time community member Péter Miklós and the names from this registry are displayed in Obyte wallets. However those names are usually too long, and for good reason — to have a clear and fair naming system. It is good to have clear descriptive names in the wallets but they are not quite suitable for trading interfaces where traders are used to see short ticker symbols like AAPL, MSFT, BTC, etc. …


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After 7 months of testing on testnet, 2375 Autonomous Agents deployed, 25482 AA transactions processed, and 7 rounds of AA developer contest, we are happy to make the next step: launch Autonomous Agents on mainnet.

The original design of Autonomous Agents released in July of 2019 has undergone significant changes thanks to input that we received during the developer contest and new applications conceived during this time. Thanks to participants of the contest, a number of bugs were found and crash-and-burn rewards paid, a number of unmet needs discovered and changes in Oscript language introduced.

The developer ecosystem has also improved, and in addition to easy to use web based Oscript editor that allows to quickly write new Autonomous Agents, we now have an AA testing framework to test your AAs and make sure they work as expected, and a number of excellent guides written by the contest participants. Obyte.js, a javascript library for working with Obyte ledger developed by Fabien, was significantly extended and now allows to easily develop browser based dapps. …

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