Saffron Weekly (09/02/22)
What’s new in the week of 9/02/22–9/08/22.
This week Michael Saylor makes his tax case, Crypto.com accidentally gives a user over $7,000,000, and Vitalik Buterin says his influence over ETH is decreasing. Happy Friday, let’s dive in to what’s new with Saffron:
Saffron V2 Audit Currently Underway
The Saffron V2 audit by n-var continues this week and we’re excited for the results. In addition, another Saffron V2 audit began earlier this week on Monday by Quantstamp — one of the most prominent leaders in blockchain security, securing over $200B in digital asset risk from hackers and being utilized by over 250 startups, foundations and enterprises.
SFI Emissions Have Ended
In accordance with our governance proposal last year, our SFI staking rewards have ended as the cutoff has passed (we will be making changes to the current UI to reflect this soon). The parameters used were discussed in discord at length in the governance channel, and summarized in the governance proposal linked above and implemented directly into the contract. You can view the deployed code here.
If users are interested in extending the staking rewards — as the contract was written to allow for that - this is a great opportunity for Saffron users to put forth a proposal on gov.saffron.finance and follow our governance process. Here is a brief refresher on how our proposal system works:
Saffron x Koge Update
As we outlined earlier, Saffron is in the process of taking over maintaining KogeFarm and the Koge community. We’ll have some news to share on that front very soon, and we appreciate your patience in the meantime while we complete the hand-off.
Developer Update
Psykeeper updates us on the progress of Saffron V2:
Quantstamp gave us an estimate of audit completion by next week, and we have another ongoing audit at the same time, which started a few weeks ago. Once those are complete and the front-end is finished we will deploy capped pools. Re-audit and front-end will take some time, maybe 4–6 weeks. With that in mind I’d like to deploy some restricted pools just to test APR/earnings with our own funds to experiment with actual vs expected results for popular univ3 pools.
To clarify, the first step in audit completion usually means there are findings that need to be resolved, and we work on resolving them then it’s re-checked until there are no more findings
I’d like both audits to be fully reviewed and to have the audit reports posted, then deploy some capped tests on eth mainnet / optimism to interact with univ3
See you all next week!
Community resources
Web3 app: https://saffron.finance
Governance: https://gov.saffron.finance
Telegram: https://t.me/saffronfinance
Discord: https://discord.gg/pDXpXKY
Twitter: https://twitter.com/saffronfinance_
Github: https://github.com/saffron-finance/saffron
