THORChain Resumes Trading, AI & Energy Consumption, Protocol Owned Liquidity | Podcast #211

In this episode, we provide a marketing update, discuss AI & energy consumption, and finish with a discussion on protocol-owned liquidity.

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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 Intro

00:05:00 Marketing update

00:07:00 Reach out to communities about adding ERC-20s? Easy to do!

00:08:00 Working on Keplr Wallet

00:09:00 Platform to hire KOLs

00:11:00 KOL platform breakdown

00:13:00 Chad B: May be a bot dream

00:15:00 KOL drama

00:19:00 Forewarning for drama

00:20:00 Chad's talk about Monerotopia

00:23:00 Someone who is into XMR will probably understand the mission

00:27:00 Chad B: The attack we suffered is very hard to recover from — but we have!

00:29:00 New version is coming! Fix for Solana so we can churn and XMR

00:32:00 Kenton: The cynical view doesn't make sense

00:33:00 Failure should be expected

00:34:00 TSS will be open-sourced, probably mid-July

00:36:00 Huginn's code auditing is surprisingly good

00:37:00 Moving to DKLS is a priority

00:39:00 The idea is to move to FROST and DKLS

00:41:00 How we would transition cryptographies

00:43:00 We need to find a new version of FROST if we want to add it to THORChain

00:44:00 Multisig on each vault — combining cryptographies. Still entertaining that idea?

00:47:00 DKLS would be first if any changes were going to be made

00:48:00 Question: Can we add AI payment rails and support for precious metal derivatives?

00:51:00 agentsfirst.dev analytics breakdown

00:57:00 Delegation is so hard for startups

00:59:00 These days are still early for AI

01:01:00 Will AI be a bunch of specialist models or a more general model?

01:04:00 Energy consumption versus efficiency of AI

01:06:00 Chad B is bullish when it comes to increased electricity usage

01:09:00 Energy scale is beyond comprehension

01:13:00 Life arose so quickly when Earth was formed

01:17:00 Planet talk — geeking out

01:21:00 Bringing it back to THORChain, THORChain is a good foundation for a better system

01:23:00 When XMR goes live, Kenton will wait about a month before really pushing it out

01:26:00 What happens post-churn when it comes to POL?

01:30:00 Kenton acknowledges Boone for getting the math incorrect

01:33:00 Boone joins and says it is Economic Mimir

01:34:00 Increasing BPs fee is probably the move (Boone)

01:36:00 Kenton gives the case for POL advantages

01:37:00 Kenton floats 25% to POL

01:39:00 POL is a burn, technically

01:42:00 Burn conversation regarding sell pressure

01:46:00 POL conversation continues

01:49:00 POL is an asset, not a liability

01:52:00 New hat!!

01:53:00 POL pitch

01:56:00 POL also buys and burns their asset too

01:58:00 Per-asset minBPS idea (Boone)

02:02:00 Anything else? Direct ERC-20 memoless, TAO 3.20

02:03:00 Reserve hard cap discussion

02:06:00 Reserve income and dispersed