Prasanna Loganathar
@prasannavl
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1,527
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499
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44
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building web3 with amazing people⚡ @bake_io , @defichain . ex: @google , @_surgeahead 10xE, @rustasync wg
Singapore
Joined December 2011
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#defichain
#MetaChain
status update 10:
- Node v4.0.0 released.
- MetaChain upgrade of mainnet on 3462000 (~Nov 14, 2023).
Amazing work by everyone involved. The largest upgrade ever since the launch of
#DeFiChain
🎉 is now set.
Looking forward to the exciting journey
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Here we go.
#DeFiChain
2.0.
Let's welcome
#GOOGL
,
#TSLA
,
#APPL
,
#MSFT
,
#ARKW
,
#ARKF
on-chain, via native protocols. No hacky smart contracts or running out of gas (Speaking of gas, let's do all that the right away - being carbon neutral🙃).
@defichain
@uzyn
@FuxingLoh
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#defichain
#MetaChain
Status Update 2:
- Next step is
#beta15
this week, that'll roll into
#changi
first.
- While the first attempt got delayed, has given us a bit more time to have a smoother testnet and mainnet.
- 3 large pillars in which the core team had earlier taken on
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#DeFiChain
#MetaChain
status update 12: Network upgrade done.
On-chain enablement:
- 3462100: DUSD Vaults
- 3464100: EVM*
- 3464105: TransferDomain*
Great work everyone 🎉
Note: * - Moved by a day due to the network drift.
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Engineers are hard at work to wrap up
@defichain
rc. Almost there. Few more verification across Ocean, LW and EVM apps for the final T's to cross. Expect update on this very soon.
The core team's public testing node at 10.132.0.70 is now updated to latest master going through
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Small team, BIG out-sized punch :)
@defichain
If you're one of those engineers packing a punch and looking for high-quality, large impact, small team - come join us!
#rustlang
#cplusplus
or
#javascript
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Hey
@coinbureau
- have you looked at
@defichain
:)
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#defichain
#MetaChain
Status update 8:
High-level items this week:
- EVM (the MetaChain upgrade) has been live on DeFiChain testnet since Wednesday.
- 600k EVM TXs in already and highly positive feedback so far, thanks to the amazing amount of effort the community members
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#defichain
#Metachain
Status update 9:
-rc2 was released last week with > 50% (even 10x in some cases) performance and < 50% (likely a lot more) disk usage.
- Gathering feedback on moving to stable and begin the clock for mainnet
- Expect more updates on the last part soon!
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#DeFiChain
number of vaults on day 0 of rewards: 3004. Maker ecosystem vault stats below for comparison.
The
@defichain
community is incredible!❤️- Keeps engineering on it's toes - thanks to all the engineers: core and community for the amazing work keeping it butter smooth.
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#DeFiChain
#MetaChain
status update 13: And we're live on-chain :)
Marks a new beginning 🎉
Next-up: Public EVM explorers, RPC end-points will be coming alive very soon.
Amazing work with the DMC hardfork. Great work by the
@defichain
engineers,
@prasannavl
@bushstar
et al. Not forgetting community too with all the relentless testings.
The block tickover was smooth like butter – except for the minor issue with v4 validation slowdown. Patch will
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#DeFiChain
v2.7.0 beta now includes the future swap that finishes
#DFIP2203
to bring stability to the DEX prices. Expected to go live on testnet shortly!
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@defichain
2.10.0 released with Negative Interest Rates support.
Network upgrade at (~ Sep 6).
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#DeFiChain
#MetaChain
status update 14:
Network:✅
- Network difficulty has stabilised and nodes are back online and working well.
--
Node: ✅
- Stable and working well.
- Performance✅ - seems to have held up better than we expected (though more coming on this).
- EVM ✅
-
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#defichain
#MetaChain
Status update 5:
- A bit of a late update today - took a while to digest all of the amazing work, tag-teamed by
@mkuegi
, Andy, Peter among others to stress test beta15 through the weekend.
- beta15 is ready to be transitioned into rc1.
- The only
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Loved the very first
#web3
event in
#India
, kick-starting the next chapter by
@DeFiChainLabs
.
In
#Bengaluru
after a long time, the weather and the wonderful people, the
#builders
community is a refreshing feeling.
Great conversations and some of the most candid and humbling
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On the recent events at Cake Group and
@bake_io
:
I'll start with a simple thank you - to the people whom I've worked with and has helped in various parts of the journey. These are great people and I truly hope from the bottom of my heart that they find a great next chapter.
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#DeFiChain
2.6.0 is now out!
- DFI Payback (DFIP 2112)
- dBTC Swap (DFIP2201-A)
- Partial loan payback improvements
- Bi-directional DEX burn capability
- Better interest precision to make it even easier to take fractional loans.
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Ending 2021 with a small quality of life
@defichain
update. v2.3.2 is out. Thanks to everyone for the great year! Excited about all the big things to come in 2022 :)
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@defichain
community: Welcome to
#changi
.
-
- Run with `defid -changi` and get started on EVM
- Block explorer for EVM coming very soon next week
- Expect key infra like Ocean to add support for the new Testnet Changi in the coming days. More info soon.
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#DeFiChain
#MetaChain
status update 11: Network upgrade in the next ~10 hours.
(Network drift due to validator upgrades seems to have moved the time a bit)
Sequence of expected events:
1. MetaChain Upgrade Block:
2. Once the upgrade is completed,
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#defichain
#MetaChain
Status Update 3:
Following up from yesterday:
- Cleaning up unchecked numerical-ops is still in progress. Can be tracked here: .
- Once complete and gone through sanity checks, beta15 will rollout on
#changi
network. I'm expecting
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@defichain
#dev
Possibly (and again, possibly) the final commit of 2.0.0. Let's unleash
#GOOGL
,
#TSLA
and many many more,
#decentralized
.
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#DeFiChain
users discovering forked chains in the last 24h and trying to keep up with the main chain - this finally resolves it.
Caused due to a bug in FCM that caused pre-FCM vault's interest rate calculation to be off by 1 sats. Stable now.
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#defichain
#MetaChain
Status update 6:
rc1 is out 🎉
- Testnet is being rolled back to 1.15m to trim down and also remove some of the obsolete TXs.
- Updating to the new version should be expected to switch to the new chain immediately.
- Old testnet chain continues to run
DeFiChain 4.0.0 Release Candidate 1 has been released.
Beta15 has been stable and has now become the base for the release candidate. Testnet has been rolled back for this release, more info in the link.
#DeFiChain
#cryptocurrency
#Bitcoin
📷
#Ethereum
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Devnet has now become floppynet. Open publicly to test and get early dev feedback for a smooth testnet milestone next!
Team working on docs on how to run your own node, connect. Coming shortly.
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@GrowthGuyWeb3
@julianhosp
@DeFiChainLabs
@defichain
Chiming in a bit late -- been working closely with the teams prepping for the hard fork today.
Lay-offs at any company is extremely hard, regardless of the circumstances. Comes with uncertainty on many things, impacting many people's lives.
However, on
@defichain
and
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#defichain
#MetaChain
Status update 7:
- All done, testnet and infra is live :)
- EVM to be enabled shortly after sanity checks.
#defichain
#MetaChain
Status update 6:
rc1 is out 🎉
- Testnet is being rolled back to 1.15m to trim down and also remove some of the obsolete TXs.
- Updating to the new version should be expected to switch to the new chain immediately.
- Old testnet chain continues to run
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A sneak peak from this week's scrap book
Excited to share more at the tech talk next week with
@DanielZirkel
. Stay tuned!
#defichain
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#defichain
users: some users reported issues with payback.
issue: payback deducted will include interest, when total interests in the vault < 0.
we're working on a fix on the node that should resolve this, likely in the next 24h.
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#DeFiChain
#MetaChain
status update 12: Network ticking, but slower, drifting the upgrade.
Waiting for the next difficulty cycle for the network consensus speed to readjust - expected at : ~2 hours from now.
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Amazing work
@mydefichain
on getting the first EVM explorers and public end points for
#MetaMask
up!
#Decentralization
#DeFiChain
It is done, the DeFiMetaChain is ***LIVE*** and the first EVM block in the
@defichain
mainnet is created.
You can find an Overview of the available RPC endpoints here:
Our EVM explorer can be accessed via this link:
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@defichain
Network is back up and running. A bug in auctions stalled the blockchain a few hours ago. Fixed along with 2.3.0.
Vaults got auto-paused due to the on-chain mechanism for price live-ness protection. They'll auto-resume on block 1430880/+120.
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Since the whole
#crypto
ecosystem in on a volatility ride -
@defichain
users - if you're closing loan positions, please make note of - fixes are in review, but have to await next hard fork to make it into the network.
#DeFiChain
#loans
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Kudos to the
@mydefichain
team!
Great to see a public EVM explorer for
#DeFiChain
#Changi
network out there within 2 days of the network going live:
#decentralized
#community
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If the week wasn't exciting enough. Stay tuned for more updates to end the week soon :)
Major upgrade coming up for
@defichain
Perfectly timed with the reemergence of
#Bitcoin
meta protocol developments.
If you’ve met and talked to me this week, you could probably tell how happy I am with the builders’ activities in the space. So many projects already happening
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@defichain
#Metachain
Status Update 1:
First attempt to get testnet on the
#MetaChain
upgrade:
- rc1 was released yesterday to upgrade testnet later this week.
- Community members including
@mkuegi
came back with immediate feedback on a rejected TX by the rc -
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If you're BLR, do come by! Fun day - and lots of new possibilities
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AMZN Token Split in
#DeFiChain
went through on the blockchain on Monday (2022-06-06), in accordance to the 1:20 split.
- Split on the blockchain has been been successful and the users funds are safe, split as expected.
(1/N)
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Thanks Jason for the thoughtful conversation!
Great conversation with
@prasannavl
on building decentralized finance on
#bitcoin
at
#Mainnet2022
@defichain
#DeFi
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Quick heads up from the
#defichain
core dev side: beta5 should be out in a few hours.
What to expect:
- beta5 is an accumulation of lots of minor things, however doesn't remove band-aids accumulated so far
Next up:
- Later in the week, expect beta6 with a full rollback on
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Great stuff by the accelerator team on setting things up and networking across the board. Fun day, and excited for the future.
Today is the last day of
#SmartCon22
, the second trade show that
@prasannavl
and
@Santiago__Sa
attended in New York. We built up a lot of new contacts and in the following weeks we will explore potential partnerships! 🔥
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Expect architectural designs of the upcoming new worlds in
#DeFiChain
this week
Many of you had reached out to me for notes from the last
@DanielZirkel
's tech talk. Thank you for your patience! It's coming.
Along with a series of exciting weeks ahead :)
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Loans are there. Stocks are there. Next - excited to hear about thoughts from
#DeFiChain
users on which direction to take! Especially if you have a software or financial background - or both :)
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Kudos to the team - really great work on setting up alternative HA public infra to
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#crypto
#FUD
everywhere. Some attributes to hold on to:
#deflationary
, stable coin holding it's own, tokenized assets with over-collateralised debt positions.
Interesting times ahead, cc/
@defichain
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Gateway to worlds still waiting on this "one small step" / final PR to get merged:
@defichain
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If anyone's at
@MessariCrypto
#Mainnet
in
#NYC
over the week, please feel free to drop by and say Hi :) Look forward to it. Let's talk
@defichain
and more.
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@justinsuntron
Wish the best for
#TRX
picking this route that
#DUSD
on
#DeFiChain
had been doing for months. Curious how one lands on the world's first claims - but perhaps imitation is the best form of flattery ;)
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@defichain
's price shock protection in action. Apparently, some provider's oracle price feed went crazy!
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Interesting discovery for me today - if you're a
#quintillionaire
and use
#DeFiChain
- you might be want to know that if you deposit more than 18
#quintillion
USD worth in your vault, it might get frozen on chain. Kinda. We'll fix it, may be.
@defichain
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@defichain
LP miners: If you don't rewards showing up, please send your LP tokens to yourself. There's a bug that requires at-least one address in a pool to move the address. We'll keep everyone informed if everyone needs to do this or not.
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@defichain
Note on the temp. delayed blocks: All masternodes need to upgrade to 2.3.0. Due to difficulty adjustment period, expect it smoothen as more masternode upgrade or in 1008 blocks. It's the intended mechanism and is working correctly.
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Seems
#DeFiChain
2.6.0 nodes are stuck on .
Release has been pulled temporarily. Request
#masternodes
to stay on 2.5.0 until a new release.
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All
#DeFiChain
August CFPs payments have been completed. Look forward to see all this be instantly done on-chain post 3.0.
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"Break it if you can" 🙄
EVM is now enabled on DeFiChain testnet. Please start testing and try to break it if you can.
RC1 release and snapshot.
Report issues you encounter via GitHub.
#DeFiChain
#cryptocurrency
#Bitcoin
#Ethereum
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#DeFiChain
MN operators. If you freshly sync nodes, please ensure that you upgrade to the latest verson: 2.11.1.
2.11.1 enables atomic swap on testnet (2.11.0 has a bug that prevents fresh sync due to this).
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@defichain
v2.5.0 released. Updated minor version to align with the protocol bump. Not a fork - however recommended for everyone to finally put an end to the rollback issues which may leave the node unresponsive state for too long.
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Hey
#defichain
community! We have a 2.8.0 release upcoming today.
Due to timing and need for more time to test v3.0 with the community (
#GreatWorld
), stock splits and minor fixes have been isolated and ported back to 2.7 base as 2.8.0.
Need your help naming :D
FortCanningSpiceGarden
92
FortCanningGreen
74
FortCanningCrunch
160
FortCanningStarbucks
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All payments of
#DeFiChain
CFPs for the November round processed and cleared.
The on-chain TXs can be tracked from here:
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Great work by the smart folks at
@MessariCrypto
on
@defichain
1/ The rise of DeFi on
@ethereum
has been undeniable.
How could Bitcoin join the DeFi revolution without sacrificing its principles?
One answer is a Bitcoin sidechain, like
@defichain
.
DeFiChain is a Proof-of-Stake chain with a hybrid SPV-federated peg to the Bitcoin mainnet.
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#blrairport
's
#bamboo
centric T2 is quite something.
Took
#Singapore
's playbook of gardens and waterfalls and executed it even better.
Such a lovely refreshing airport design. Bamboo seating would have completed the story though.
#BengaluruAirport
#Bengaluru
#India
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Oh dear. Whoever did the
#TSLA
to
#DIS
swap is not having the most exciting day (unless they swap it back again soon)
#AMM
needs initial liquidity to stabilise. Be cautious when new pools are just launched if you're going to swap and not
#mint
!
#DeFiChain
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Hi
@defichain
community! Let's hear the next codename for the upcoming network upgrade. Another one in the Fort Canning series that implements the solutions to enable the capability in - bringing better stability to
#DUSD
.
(Yes, it's almost ready :))
FortCanningGardens
94
FortCanningGlacier
65
FortCanningJurassicPark
78
FortCanningSpring
130
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#defichain
the network slow down seen todaty was due to the following:
- 2.8.1 included a way to precomputate calculations for faster token split block (`-consolidaterewards`)
- This precomputed snapshot was incorrect and resulted in invalid blocks on nodes without it.
(1/N)
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#defichain
#MetaChain
Status update 4:
:)
DeFiChain 4.0.0-beta15 released. Due to a couple of bugs in RC1 we moved back to beta. Each release is an improvement and brings us nearer mainnet release. New RC and testnet upgrade soon.
#DeFiChain
#cryptocurrency
#Bitcoin
#Ethereum
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0
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@DCT_cpp
Absolutely agree. Which is why beta14 has been in testing with over 1m EVMs TXs and tested across all early versions of everything that's coming - as far as I'm aware, rc has no deviation and is the same battle tested consensus.
Is there any specifc PR or any commit that went in
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Payments for the first round of
@defichain
on-chain approved proposals are complete:
#decentralized
#Governance
#DeFi
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@defichain
@DanielZirkel
Thanks for hosting this
@DanielZirkel
.
Had some great questions from the community - adding some more insights:
- Ocean: For the time being,
@BirthdayDev
plan is to expose a dedicated set of public nodes for ETH RPCs to bootstrap support until we have more providers. Ocean
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@DanielZirkel
@defichain
Difficulty adjustments due to SPV related node crashes over the last few days. Should normalize soon. The issue and the fix for the SPV related ones can be tracked here:
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5
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Fun Fireside AMA with
@lordmarkcrypto
! Thanks
@lordmarkcrypto
for putting this together
The latest DeFIchain Fireside Chat is airing tonight, don't miss it!
#defichain
#firesidechat
@prasannavl
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@SirWhiteRussian
@dfi_whale_alert
Waiting for the DFIP round to finish -- but we're planning targeting "around" end of Jan to batch many of these things into one update. Team is head down, working to get as much done asap in 1-go to minimise disruption.
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Oh, the good old
#BTC
volatility. Does the owner feel confident 229% is safe enough?
@defichain
early vault owners - the protocol will still try to protect you by buying time for you in case of shocks > 30% for each token.
#defi
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6
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Friendly reminder for all
#dGOOGL
holders. Token split procedures following
#GOOGL
stock split on
#DeFiChain
in less than 100 blocks.
Lock: 2068500
Split: 2068620
Unlock: 2 hours after split.
More info here:
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@DEFICHAIN_EPIC
@defichain
Really appreciate the ack, and how thoughtful the community is. All credits go to the wonderful people at - will make sure the sentiment is conveyed :)
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If you're new to the world of
@defichain
- make sure to catch this with
@mkuegi
!
Tomorrow sunday, 10 am CEST, I will do a "pre run" about this. Goal is to get feedback and questions in to make the recorded demystified better.
If you wanna be part of it: reply or shoot me a DM. (will be a google meet call, not recorded)
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2
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If anyone is not receiving rewards on their tokens, who's using the app, or the CLI please reply on this thread, and I'll help you with it.
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1/2 Just adding an update on this.
- Payback fixes are ready on the node. But requires a hard fork to be fixed.
- Meanwhile, very promising improvements discussed here:
We're ensuring to add support for these along, should this move forward.
@defichain
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