Marketing Update, Devel’s Limit Order Proposal, XMR Update | Podcast #217

In this episode, the main conversation revolved around the limit order proposal, how it works, and its impact on arbitrage bots and Rujira.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 Intro00:04:00 Kenton starts00:11:00 Volume is great!00:13:00 Devel introduction00:15:00 How did you hear about THORChain, Devel?00:18:00 Why did you become a node operator as well as an arbitrageur?00:20:00 It's been a long-standing belief that arbitrageurs are parasitic00:23:00 Ratio between swap volume and arbitrage volume00:25:00 Arbitrage volume is around 63% — does this mean THORChain is efficient?00:27:00 Will Monero have a significant price discrepancy?00:32:00 Could XMR become the XY curve of THORChain?00:33:00 Devel's proposal: A new type of order to improve quotes and turn arbitrageurs into market makers00:35:00 If the system works: Faster swaps, bigger swaps, and better price execution00:37:00 They are not limit orders — they are limit swaps00:38:00 Screen share00:42:00 Devel explains the difference between limit orders and limit swaps00:46:00 I want to achieve an improved quote endpoint00:55:00 Chocolate bar01:05:00 Boone and Devel join01:06:00 Devel continues the conversation01:13:00 Is this proposal additive or a replacement?01:18:00 Devel continues breaking down the structure of his proposal01:24:00 Boone adds clarity01:28:00 Kenton asks about market making with exploited funds01:34:00 Would this complement or compete with Rujira?01:37:00 Boone: This does not conflict with the app layer01:41:00 Clarifying Rujira's design versus Devel's base-layer proposal01:47:00 Boone's maker/taker fee split idea01:50:00 Devel is currently helping improve node operator operations01:53:00 Quality-of-life improvements for new node operators01:57:00 Dynamic fees and the boone.tools highlight02:02:00 KPI dashboard for global volume02:06:00 Quick XMR update (Boone)