This post is here to inform you that Chainflip Labs will no longer be posting to Medium. Instead, the team has created https://blog.chainflip.io — a fancy new site powered by Ghost which will serve as the hub for all Chainflip updates going forward. All of our existing posts are already ported over there, and the posts still here will remain here for a few months, after which they will be taken down to reduce confusion.
Medium is a good platform, especially when starting out, but we aren’t particularly keen on giving up SEO points to a platform that can and has censored posts of crypto communities before. For resilience and growth, we’re taking Chainflip content into Chainflip’s hands. See you there!
With love, Simon and the CHAINFLIP LABS team.
Again? Really? Yes that’s right this is a fortnightly update and you will get an update every fortnight (unless Simon forgets to publish it). This week I’m shining another beam of light down into the Chainflip dev dungeon and telling you what I see.
Both of the previously mentioned DevOps candidates knocked us back unfortunately. One instance of being unsure about a career change into the scary buzzword world of blockchain (understandable) and one instance of migration complications (damn and blast). However, we engaged maximum thrust and went back to the market for another DevOps Demon. On Tuesday, we started…
Hallo again frends and fronds. The last couple of weeks we’ve been working on the “last mile” of the internal testnet. We’re pushing the final few pegs into the holes and making sure that our different pieces fit together nice and snug. Hopefully next update I can share with you some examples of what the network is capable of. Fingers crossed.
Two of our senior Devops candidates have now progressed to final interviews. Those are taking place this week. I’m very much looking forward to having an extra pair of hands managing the various servers and machines, and implementing the…
It’s hard to remember a time when swapping assets via DeFi wasn’t the norm. The crypto world in 2021 looks totally different to how it did just 18 months ago, before these instruments really found product-market fit. Given so much has happened over the last few years, I’d like to take some time to muse about the past, present and future of Decentralised Exchanges (DEXes): early iterations; the birth of AMMs (and the different types); and finally, an educated guess on the future of DEXes and how cross chain AMMs could further develop the space.
with Tom Nash
Welcome back, I’ll waste no words this week as there’s a lot to do. We’ve renewed the focus for the next few weeks onto getting an internal testnet running. This goal will ensure that we’ve checked most of the larger blind spots related to integrating everyone’s work.
I’ve been interviewing Senior Devops candidates this week, we’re hoping to bring on someone who has extensive experience running critical internal infrastructure. …
with Tom Nash
Another fortnite has passed, luckily there have not been any major roblox in the past couple of weeks and I have mostly been able to get on with minecraft. There have been a couple of German holidays since the last update, so progress has been a touch slower than we would like, but apparently there are no more days off here til Christmas. Onward.
Research into range orders has kicked off this week, don’t expect answers too quickly as we need to perform a decent amount of comprehension on the V3 whitepaper and codebase, but we’re taking…
With Simon Harman
Welcome back dear reader to the second edition of the Chainflip Cryptoeconomics series. Every part in this series is paired with its own topic in the new Chainflip Governance Forum. If after reading this you have comments, questions, or things to add, head on over and join the discussion.
To avoid writing a 2.3 million page long article (trust me nobody wants that), I’ve had to break down the discussion of Chainflip’s cryptoeconomics into multiple, limited pieces. I’ll try to avoid jumping between topics, but given the tightly coupled nature of the Chainflip project as a whole…
with Tom Nash
Feels like just yesterday that I was damaging my delicate fingernails in order to produce the last dev update. Nevertheless, I’m back with another nail-chipping post.
Since last fortnight we’ve successfully closed another engineer. They will be joining us as a Protocol Research Engineer, bolstering our ability to deep dive into some complex topics such as a V3-like range order system, and our swap-matching implementation. We’re now at pretty much full capacity for our protocol team, and the engine is revving up.
Our in-house designer also started work this week, he’s already been knocking out some excellent…
Ah, dear reader. Whether you meant to or not, you have stumbled upon the first part of a series on Cryptoeconomics, mostly related to Chainflip, but be warned: this will get deep. Simon H, [10. If you haven’t got the time to chew through some in-depth analysis, steer clear of this series and perhaps check out the info on Chainflip’s economic parameters in the FAQ.
We get a lot of questions about how the Validator auctions will work in Chainflip, so this post aims to clear up any confusion that might exist about them. If someone has questions about it, point them here.
It’s worth noting that this post is being released a while before Chainflip is live, so this information may be subject to change slightly. The general gist is likely to remain the same.
Chainflip will be secured by 150 Validator nodes that can be run by anyone. These nodes collectively secure the state of the Chainflip internal chain (called the State Chain)…