Steps to Resume Trading, Dynamic and Referral Fees, Protocol Owned Liquidity | Podcast #209

In this episode, we provide a marketing update, followed by a brief update on the exploit. We then dive deeper into a couple of bigger topics, such as dynamic and referral fees, protocol owned liquidity.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 Intro00:02:00 Marketing update00:04:00 "KOL" talk and bang for buck00:06:00 Getting new chains added is super important for getting brand-new users00:09:00 New Affiliate page on swap.thorchain.org00:11:00 Kenton is thinking the affiliate API should be permissioned00:12:00 Chad B starts, 3.19.1 fully adopted00:14:00 1 day, enable signing and churn00:16:00 KeyVerify talk — when should we move on if it doesn't work?00:17:00 KeyVerify will be disabled after this moment00:18:00 Kenton asks about the exact order of turning things back on00:20:00 THORChain is decentralized — it's obvious00:21:00 Nodes had to do a lot of steps with developers00:23:00 AI made this so much faster for us00:24:00 Over time, we will have a more professional node operator base00:26:00 Devs have been working nonstop on separate issues00:27:00 Post-mortem is coming, hopefully within 2–3 weeks00:29:00 We do a very good job being public, but that is often used against us00:30:00 When we get going again, we will be testing the dynamic fee model with select partners00:31:00 Applies to all THORNames00:34:00 Chad says he is not sure who is correct on dynamic fees00:37:00 Start simple and tweak it as we get more info00:39:00 Kenton: It should be obvious00:40:00 SwapKit rev-share program discussion00:45:00 Stable-to-stable swaps should be neutral but result in more volume00:46:00 Kenton: Stablecoin idea should be great00:48:00 Denny: Stable-to-stable will be amazing for point-of-sale applications00:50:00 Kenton: Dynamic fees may be really helpful for direct integrations00:51:00 These features are bound to "click" with partners00:54:00 Lots of exciting things are coming!00:55:00 XMR testing update: Going well!00:56:00 Huginn update: Pointed it at Serai00:57:00 Monero may be coming within 1–2 months00:59:00 XMR actually works!!01:01:00 RUNE question from the audience about governance01:03:00 Kenton breaks down liquidity pools01:05:00 It is not hopium — THORChain has fundamentals01:07:00 This protocol is actually real and useful01:11:00 TON Wallet question from the audience01:12:00 We are reaching out to everyone!01:13:00 POL transition: Protocol-Owned Liquidity01:14:00 Kenton thinks 25% POL is what is needed01:18:00 Chad B: Where do you stand on POL?01:20:00 Bull market POL could get very crazy01:23:00 Dev fund could make much more money and the treasury could go away01:25:00 We are moving away from a hard cap01:27:00 Denny gives his thoughts on LPs01:30:00 LPs withdraw when things turn around?01:35:00 We didn't have data about AMMs when we first started01:41:00 The scalability of THORChain in terms of liquidity and developers01:45:00 Possible incentive pendulum tweaks01:48:00 Price/volume graph comparison01:53:00 Stock trading on-chain — KYC?01:55:00 Perhaps companies will push for permissionless01:58:00 Stocks02:02:00 How have Maya devs been doing?02:06:00 Outro02:09:00 Attempt to attack Chad Barraford