Proof of Work #48

Don't call it a comeback!

Hi from a plane en-route back to the US from Tokyo! I’m finally done with an epic fundraising trip throughout Asia and can get back to doing what I really enjoy: reading and writing about the most interesting stuff happening in the decentralized infrastructure and money world.

In my absence, a lot of interesting stuff has been developed. Grin is inching closer to release, and there’s beginning to be a real interest in China for mining it. The mining industry itself in China is in the process of undergoing a consolidation driven by the dip in prices, and many smaller miners have been completely forced out of business. Those that survive have the best margins, both in the form of cheap electricity, capital, and mining equipment. These hardcore survivors are currently hanging on for dear life, but are also accumulating a huge advantage in terms of hashpower that will end up being very profitable when the price picks up again. New competitors are also emerging in the chip design sector of the mining field, most notably Whatsminer (神马矿机) a new entrant that has surprised everyone with incredibly efficient and powerful miners, posing a real threat to the incumbency of Bitmain.

During a fundraising meeting, I was asked by the founder of one of the top pharma companies in the world (i.e. someone who has a deep understanding of a capital-intensive industry but is basically new to crypto) what the most basic point of cryptocurrencies is. I explained that I feel (along with a lot of other people excited about this tech) that we’re currently living in an anomalous period where a bunch of centralized gatekeepers and middlemen have monopolized control over the money systems of the world, and use that control both to extract massive profits in the form of inflation and transaction fees, and also to decide who gets to send money to whom. As it turns out, keeping the benefits of digitized money but shaking off those centralized middlemen is difficult technical problem, the solutions to which seem to have a bunch of interesting side applications for designing systems to allocate scarce resources (names, storage, bandwidth etc.) Cryptocurrency, i.e. money based on a mathematically secured ledger, is not a philosophically new thing, but rather a return to the status quo we’ve had for millenia, where individuals and organizations deal directly with each-other, and no one has panoptic insight into the commerce of the world economy. During market downturns such as this one, I think it’s helpful to keep this very basic and almost boring fact in mind.

Finally, a quiet announcement of something that might not be quite ready, but should be fun to play around with: we’ve created a forum for PoW readers to discuss the most interesting things in cryptocurrency. You won’t find vapid “partnership announcements” or talk about which dinosaur-like incumbent has filed for what futile blockchain patent, but instead can read every day about new interesting technical developments in the blockchain space. The forum will start as invite-only (some of our earliest readers and friends have already gotten invites) and will slowly expand as we make sure our moderation team can handle the volume. If you haven’t gotten an invite and you’d like one, feel free to request one here!

Bitcoin & Friends

Daniel from Grin

Grin is a privacy-focused coin based on the Mimblewimble protocol being built by a pseudonymous team of developers

  • 25 Pull Requests were merged in the past week, by 7 unique contributors.

  • The notes from the last governance meeting. We're conducting two security audits, one tba on the libsecp fork, and another by Quarkslab on the key Grin crates.

  • Grin v0.4.2 was released.

  • PR#2052: Keybase is now supported as a wallet plugin to do transaction building with.

  • wallet713 community project announced, standalone wallet with integrated transaction relay.

  • 3rd Grin London Meetup announced, Jan 8.

  • More Grin info here.

Jimmy on Bitcoin

Bitcoin is.

Aviv from Spacemesh

Spacemesh is a fair programmable cryptocurrency powered by a novel proof-of-space-time  consensus protocol.

  • Initial version POET GO prover and verifier merged

  • First version of the Tortoise protocol merged

  • first commit of the new Hare protocol message structure

  • First version of the gossip protocol merged

  • Preliminary design of Spacemesh global state and transaction processor

  • Sync protocol implementation PR

JZ from Decred

Decred is a coin based on Bitcoin, but with a proof of stake addition, and a raft of additional features focusing on governance of the protocol by users with stake.

  • The latest issue of the Decred Journal is out covering everything that transpired during November in terms of development and community, as always discussion about it is taking place on the Decred subreddit.

  • Politeia Digest issue 7was released this week as well, Richard has also started including stats about the treasury.

  • "Treasury balance: 588,681 DCR (approx +16,718 DCR/month) — $11.8 million (+$335k/month) based on $20 DCR price". While the so-called "crypto winter" seems to be taking its toll on other projects, Decred is unaffected due to our sustainable funding model. And we are still looking for talented devs to join us.

  • Snapshot ofpublic Decred dev activity for November: 266 active PRs, 268 commits, 45K additions & 25K deletions across 3-11 devs per repo.

James from Summa

Summa is building tools for trust-minimized transactions across different blockchains.

  • While at ETHSingapore, James hacked together a Bitcoin light client. Look for it to be open sourced later this week 🎈

  • We have our regularly scheduled ETH auction on Thursday. Looking forward to seeing you there 👋

Johnny from Stellar

Stellar is a protocol that uses a quorum-based consensus (totally different from Proof of Work or Stake) to enable cheap transactions in the native coin, and allow for the issuance of assets.

  • Our contact at Stellar is on vacation, updates to resume next week

Privacy coins

Paige & Zooko from Zcash

Zcash is a coin based on Bitcoin but focused on privacy for users based on zk-SNARK transactions to hide senders and recipients

Smart contracting platforms

Myles from EOS

EOS is a smart-contracting protocol utilizing distributed proof of stake and a smaller number of nodes to enable the higher throughput necessary for dAPP type applications

Zaki from Cosmos

Cosmos is a proof-of-stake based system enabling interchain connectivity through hubs, and allowing for zone-based dapps to have inherently stable and economically viable ecosystems.

  • Game of Stakes finally launches

  • I wrote up a very technical breakdown of Cosmos vs Polkadot

  • Blocklayer released ChainKit a new tool for developers building Comsos zones that makes building testnets easy.

  • Tendermint is working with Kava to bring the Interledger Protocol to Cosmos and providing liquidity as an API to cosmos zones.

Kate and Dean from Agoric

Agoric is a new platform that uses an object-capability model and a restricted subset of javascript to make smart contracting easy.

  • We are working with the Moddable team to retarget their XS JavaScript engine to WASM. We can use this tiny and reliable embedded JS engine for smart contracts!

  • We are working with partners at Salesforce, Node.js, Carnegie Mellon, and others to design a module system for JavaScript that enables bringing in third party code safely.

Financial Infrastructure

Antonio from dYdX

Proof of Work #47

Downturns, forks, and jetlag, oh my!

Hi from Boston via Shanghai! I now exist in a state of perpetual jetlag—once we’re done fundraising, I intend to completely abstain from all forms of travel faster than a camel for a while, in order to let my battered circadian system have a chance at recovery.

I’ve added short descriptions of each project (in italics beneath the names) to help people who have recently joined the newsletter catch up.

A brief word on the recent market downturn: when people ask me why the market is up or down, I honestly don’t have a clue. When we tell people our fund is long-term focused, that isn’t an ideological or moral stance; it’s just that we have no clue why or how the market is going to move in the short term, but have a lot of conviction about where it’s going in the long term. This is something that’s easy to talk about, but hard to actually do. One of my BTC whale friends, who has over 100,000 BTC made a point that sounds almost syllogistically obvious but which I think is worth thinking about: “it’s really hard to hold BTC through serious dips—look at how few people actually did it!” Of all the early holders, only a small few actually held on long enough to not exit too early, or during a big dip.

The Bitcoin Cash fork drama has also been interesting. One objection I’ve heard from non-crypto people to the idea that Bitcoin is truly 0-inflation eventually is that forks themselves should be thought of as inflating the Bitcoin supply. However, Bitcoin Cash is certainly the most credible Bitcoin fork, but within a single year it’s gone from being thought of by some as a credible competitor to having its own forking event which seems likely to be very value-destructive for it. Bitcoin Cash itself was able to be a schelling point for people who wanted to try big blocks in Bitcoin, but it’s unclear what kind of consensus people who support B-ABC vs B-SV would come to. My prediction is that the ultimate destiny of most forks is to be worth nothing, and for that fact to cause a decrease in the number of forks as would-be forkers realize there’s little to nothing in it for them.

Two quick notes about PoW itself: Someone asked why we don’t try the paid-subscription model given that some other crypto newsletters are pulling in hundreds of thousands annually. The answer is that PoW will always be free (and ad free!) because there’s no way to make money from it that doesn’t make it worse. Someone else asked how many of the projects featured in PoW have we invested in. At press, the answer is less than 25%. I feature in PoW anything I think is interesting, but that doesn’t always align with what I think will make money (for example, some projects had valuations that were too high for my taste, or some other projects I just didn’t know about when they were raising!)

As always, thanks very much for reading this, and please get in touch if you have ideas for how to make it better, or a project you’d like to see featured!

Bitcoin & Friends

James from Summa

Summa is building tools for trust-minimized transactions across different blockchains.

  • On the 18th we wrapped up the first ever cross-chain auction. We sold 10 NFTs for BTC during a 3 day event

  • We used intentional double-spends and stateless SPV proofs to make a trustless Dtutch auction

  • Over the next two weeks we'll be refining the UI. We expect to have another live auction event around the end of the month

Daniel from Grin

Grin is a privacy-focused coin based on the Mimblewimble protocol being built by a pseudonymous team of developers

Jimmy on Bitcoin

Bitcoin is the big daddy

Aviv from Spacemesh

Spacemesh is a coin and smart-contracting protocol utilizing on a storage-based proof of work called Proof of Space-Time.

  • No update, big one next week.

JZ from Decred

Decred is a coin based on Bitcoin, but with a proof of stake addition, and a raft of additional features focusing on governance of the protocol by users with stake.

  • Dustin has written up a piece thoroughly detailing how the Politeia process worked during our first round of votes. Richard has also released issue 4 of the Politeia Digest.

  • Zubair published an overview of the Decred on-chain consensus mechanism, especially timely considering the recent drama we've seen in the space as new coins are born through conflict, leading to confusion and schisms in communities.

  • Lots of dev activity as usual with 2 PRs for dcrd, 14 for dcrdata, 13 for politeiagui, 6 for politeia, 11 for decrediton, and 4 for dcrwallet. New alpha and beta releases are up for dcrdata as well, for those who like to live dangerously.

Johnny from Stellar

Stellar is a protocol that uses a quorum-based consensus (totally different from Proof of Work or Stake) to enable cheap transactions in the native coin, and allow for the issuance of assets.

  • The major rewrite of the data layer in stellar-core has been finally merged in: https://github.com/stellar/stellar-core/pull/1788

  • We're aiming for a pre-release before the winter holidays

  • Horizon (ed: stellars client facing API) 0.15.1 has been released, with a memory leak fix.

  • New Horizon stats initialization command added to alleviate issues (horizon db init-asset-stats)

  • CAP-0013 is open for comment, and is another iteration on handling the current pain with sending assets without a trustline.

  • Discussion is beginning around how Stellar works within the context of sub-networks with different features and functionality.

Izaak from Coda

Coda is a project focused on high-scalability enabled by recursive zk-SNARKs

  • The Coda team is hiring for a bunch of senior-level positions. In particular, we're hiring product managers, engineering managers, a head of business development, and a community manager. Check out our jobs page for more details.

  • Delegation of stake for our proof of stake consensus mechanism was implemented in a series of PRs (11481124).

  • We finished the redesign and initial scaffolding for our new system for managing forks and the state required on each one of them.

Privacy coins

Paige & Zooko from Zcash

Zcash is a coin based on Bitcoin but focused on privacy for users based on zk-SNARK transactions to hide senders and recipients

Proof of Work #46

Hi from Shanghai! A lot has happened in China since I was last here. Hong Kong recently announced official policy around licensing custody solutions and exchanges, which appears to be a pretty big deal and somewhat underreported. The regulation is official but is open to further modification, which is probably necessary because some of the provisions are fairly unreasonable—for example, exchanges in HK are required to have fully separated cold-storage accounts for each user, something which currently no exchanges anywhere do because of the extreme ops overhead. However the very existence of these regs is promising, and enables a bunch of HK based institutions (like the IBD divisions of large HK banks etc) to start to get in the game, something which our friends there say they have a large appetite for.

A lot of wealthy people in China are feeling extremely insecure these days as a result of things like the sudden disappearance of Fan Bingbing (when she reappeared months later, she paid a 100 million dollar fine for supposed tax evasion, and made a profuse public apology) and the word on the street is that many of them are starting to look at Bitcoin as a good hedge against total seizure of assets. Onboarding is pretty difficult because HNWs in China tend to have a lot of assets in corporate accounts which are completely prohibited from buying crypto, but there are several interesting workarounds that I’ll stay quiet about for now 😂.

More next week, thanks for reading!

Bitcoin & Friends

Daniel from Grin

  • The big update this week is that we arranged grincon0 – the first conference on Grin & Mimblewimble – to a full house at c-base in Berlin. Our anonymous project founder joined via ssh to deliver the opening of the conference through text-to-speech. YouTube video playlist of all the talks.

  • 24 Pull Requests were merged in the past week, by 9 unique contributors.

  • While we've since dropped down in the ranks, Grin was briefly the #1 trending Rust repo on GitHub over a monthly basis.

  • More Grin info here.

Jimmy on Bitcoin

Aviv from Spacemesh

  • No Updates.

JZ from Decred

  • Quick recap of Decred dev activity for October: 310 active PRs, 297 commits, 65.5K additions & 22.6K deletions across 4-9 devs per repo.

  • Bee has also pushed the latest issue of the Decred Journal, turns out we had a busy month, so busy in fact that we hit Reddit's ceiling for post length when trying to document it all. There's still a thread for discussion as usual. A few of the highlights were; the addition of a new corporate contractor to the project, a near doubling of the network hashrate as ASICs from new manufacturers begin to come online, and our first batch of Politeia votes concluding (more on that below).

  • Richard has provided an overview of the Politeia activity over the last week. The participation rates for the 4 votes that were held varied from 31-51% of all eligible tickets, the high end of that range is similar to what we have seen with our on-chain consensus votes and is quite encouraging for such a new system, it may even rise as we get the word out. On that note, the stakeholders apparently thought it was time for us to get some professional help (not that kind...), and a proposal to hire Ditto PR to represent the project was successful. Expect me to be replaced with someone who knows what they're doing imminently.

Johnny from Stellar

  • No Updates.

Izaak from Coda

  • The proof-of-payment system making it possible for users to prove that a transaction occurred while maintaining succinctness of the blockchain was implemented (most recent PR here).

  • We have the initial implementation of proof-of-stake on a test network. It ran successfully for several thousand blocks.

  • We decided on a design for the stake delegation mechanism and began its implementation, heavily refactoring the transaction SNARK to be more easily extensible in the process.

Mitchell from Blockstack

Privacy coins

Elise from Zcash

  • See the weekly Zcash update here

Diego and Riccardo from Monero

  • No Updates.

Smart contracting platforms

Evan from Ethereum

Myles from EOS

Zaki from Cosmos

Kate and Dean from Agoric

Financial Infrastructure

James from Summa

  • We're running a cross-chain dutch auction on Thursday!

  • We recently released bitcoin-spv -- a Solidity library for parsing and verifying Bitcoin transactions.

  • Here's a post about how Stateless SPV proofs work.

  • Riemann, our transaction construction library, now supports Zcash's Sapling hard fork, in addition to 20 other chains.

Antonio from dYdX

  • Added new in-product education to expo.

  • Implementing trade history and wallet connect on expo.

  • Adding OasisDEX integration to improve liquidity

Brendan from Dharma

  • Continued building Dharma Lever.

  • We’re hiring for a product manager, a product designer, and more. Check out our open positions here.

Coulter from MakerDAO

  • For those waiting on an update to Multi-Collateral Dai, we released a blog detailing the roadmap and the scope of the project. 

  • Published a repo that we've dubbed "everything you wanted to know about MakerDAO and Dai." It's an incredibly in-depth resource for anyone even moderately interested in how the the Maker ecosystem works, from official documentation, to beginner guides, to analysis pieces, tools, and beyond.

  • Devcon was busy for the team, from talks to workshops to pirate ships and raves. Get caught up on everything we did here.

  • We were also at BSL2018, checking out the vibrant crypto ecosystem in Latin America. You can read our recap and hackathon winners here.

  • The SwapOnline team listed DAI pairs with BTC and USDT.

Phil from MARKET Protocol

  • After many months of work and 13,000+ lines of code, we are thrilled to announce the beta release of MPX – the first decentralized exchange built on MARKET Protocol, launched on the Rinkeby Testnet! Visit https://mpexchange.io/ to start trading today and check out our official announcement to learn all about the DEX features!

Robert from Compound

Proof of Work #45

Welcome to PoW #45, belated courtesy of the high-purity jetlag one can only score by taking an Asia to US flight that leaves in the morning. William Gibson’s idea that the soul can’t move any faster than horseback, and that in the aftermath of a flight one must wait for the soul to be reeled in and reunited with one’s mortal body, something which seems pretty reasonable to me at the moment.

The downside of much-celebrated geographic decentralization of crypto markets is of course that to stay on top of things one can no longer be content traversing the 30 miles between Sand Hill Rd. and San Francisco and instead must subject the soul to jet-induced lag every couple of weeks. But it would be disgusting to complain about this because really it’s a privilege to watch the seeds of cryptocurrency sprout around the world, and my last week in Japan was especially interesting. A few observations:

  1. Japan was a natural place for crypto trading to take off bigtime—the Japanese retail investor (nicknamed Mrs. Watanabe; in Japan women often manage household finances including investments) was as likely to be trading 10-50x margin FX products as equities. This preference for high-stakes margin trading carried over to crypto, and the FX market experience made Bitcoin seem not that odd (just another currency!)

  2. Japan was (and is) not a very natural place for cryptocurrency projects to flourish, unless of course you believe Satoshi Nakamoto was in fact from the archipelago, something which a surprising number of people I met there do indeed believe. Really good crypto projects seem to mostly be built by hackers from the “chaotic” column on the D&D alignment matrix and for a bunch of reasons, Japan has been chronically short of those.

  3. Japanese institutions (unlike retail) have been a bit slower to wake up to the potential of crypto, but are now doing so. The challenges are different (custody less of an issue, buy-in from extraordinarily conservative stakeholders and regulators more of one) but I expect big things in the next two or three years.

  4. The Japanese regulatory environment for crypto is frankly weird. For example, exchanges must get regulatory approval for every cryptoasset they list, but this is not a whitelist, but is rather done on an ad-hoc basis exchange by exchange, since exchanges are operating under several disparate regulatory frameworks and thus have different justifications for listing a given asset.

I had a small dinner with people running crypto funds, exchanges, and projects on my last day in Tokyo, and the level of excitement seems to still be very high. The coincheck hack set the entire space back quite a bit, and the regulated exchanges are still reeling from that, but the future for crypto in Japan seems bright.

This weeks updates are especially good as well. A few highlights: definitely have a look at the Grin team’s “privacy primer” which explains the privacy model’s strengths and shortcomings. Dan Held’s “Planting Bitcoin” is a great history of Bitcoin and is worth a read either online or in book format. Maker made creating CDPs a ton easier. Zeppelin released their token in a private beta. The space continues to chug along towards better usability and security! More next week.

Bitcoin & Friends

Daniel from Grin

Jimmy on Bitcoin

Aviv from Spacemesh

  • Less PR merges and more devcon4 learnings and community engagement for the core dev team this week.

  • Devnet: Implemented the bootstrap scenario. Improved infra and refactoring some of its interfaces. Merged #46 .

  • Poet (VDF) black-box reference go prover: Added support for pluggable hash functions and for scrypt-based hashing. Pref optimization based on profiling and benchmarking. Open source go prover: #9 code review in progress. Come build VDFs with us.

JZ from Decred

  • A beta of the Decred Android app with mainnet support has been released. We'd love to get some feedback and issues filed on our GitHub. The app uses the secure SPV functionality that was added to dcrwallet, meaning the user does not need to trust that a third-party server is providing them accurate data. For the less adventurous there's also a version for testnet.

  • Richard put out the second issue of the Politeia Digest which covers the first batch of proposals which are set to end their voting stage this week. It also gives an overview of how to dig into the back-end proposal version and comment/voting data for those who would like to see how the sausage is made.

  • If you're attending Web Summit this week in Lisbon, Portugal be sure to stop by the Decred booth and say hi to the team. Marco will also be there participating on a panel entitled "Is Crypto Here to Stay".

Johnny from Stellar

  • Resolved issue that was causing slow validators (like what we use for testing) to fail to join the public network. #DRA

  • A step closer to merging the new data layer changes: we replayed full history on that branch. Preliminary result shows that core is about 30% faster with those changes with the code a lot easier to maintain. See here and here.

  • Horizon 0.15.0 Release Candidate works well in testnet, and testing continues on pubnet, pending several small changes.

Privacy coins

Izaak from Coda

  • No Updates.

Paige & Zooko from Zcash

  • The Zcash Sapling network upgrade activated at block height 419,200.

  • Happy Birthday Zcash! Sapling activation coincided with two-year birthday.

  • The Zcash Foundation and Parity Technologies announced a technical partnership to build a consensus-compatible Zcash node.

  • The implementation of shielded HD wallets.

  • Introducing the Zcash Reference Wallet.

Diego and Riccardo from Monero

  • 0.13.0.4 is out now and everyone is encouraged to upgrade. This solved many bugs that were present in both the CLI and the GUI.

Smart contracting platforms

Evan from Ethereum

Myles from EOS

Zaki from Cosmos

Kate and Dean from Agoric

Proof of Work #44

Welcome to PoW44 and hi from Tokyo! A lot of exciting stuff happened last week—Coda was open sourced, Zcash Sapling went live, Dharma announced Lever, a super easy way to access decentralized margin trading via their protocol, and the Sia hard fork happened at block 179,000. This week’s updates are worth a close read.

This update was slightly delayed because I received a very weird submission and some anonymous messages from a Signal contact explaining in fairly vague terms what it’s about. I was asked to share this on the anniversary of Satoshi’s Bitcoin whitepaper, and further asked not to share anything else for now… but I will be able to give a bit more context in future PoW issues. I will say that I am pretty excited about what this person or team is up to.

Bitcoin & Friends

Daniel from Grin

Jimmy on Bitcoin

Aviv from Spacemesh

  • On the developer side: We merged PR (listening port is now sent in handshake); Gossip is in testing phase in branch p2p-gossip, published gossip protocol design doc and completed code and heavily testing new black-box POET prover and verifier GO implementation based on the shared spec

  • We are also testing RPC api functionality in the Liberthon hackathon branch, working on the core proofs of elapsed time (POET) server go implementation by open source contributors, starting the POET protocol spec implementation (spec draft updated with more details) and starting to working on many Spacemesh App feature tasks by open source contributors. Join us here! Gitcoin funded several dev tasks to tip open source contributors with cryptocurrency.

  • Extensive work on the DEVNET, that could test system scenarios on our decentralized network is gaining momentum. This week we managed to create some basic scenarios that included interaction between several P2P nodes. PR #42 merged plus 8 additional merged PRs.

  • On the community side we announced the first Spacemesh NYC meetup - join us downtown next Thursday (RSVP for free), published Tal Moran CESC 2018 Spacemesh protocol slides, and hosted the Liberthon hackahton prep meeting at Spacemesh TLV hq! We are also hiring full time core developers in New York City!

JZ from Decred

  • Crazy week, to start things off, Decred was able to obtain a free listing on Binance, which was quite exciting. We see this as an affirmation of the fact that we’re a community run project that has an eye to building long-term value and are not overly focused on chasing listings in hopes of generating short-lived price spikes. As is usually the case, patience, discipline, and focus paid off.

  • Richard has put together a digest of the Politeia proposals we have
    received thus far
    . Four of the six proposals should go into the voting phase this week after we push some updates here. All Decred stakeholders that have live tickets in the pool at the point the snapshot is taken will be able to vote.

  • Trezor Model T support got merged and should be available in the next
    firmware release targeted for October 29. Decredition and dcrwallet support will follow shortly after release.

  • Mainnet support has been added do dcrandroid and we should be tagging a beta
    release imminently.

Johnny from Stellar

Izaak from Coda

  • We're very excited to announce that we've open-sourced Coda! This is a huge milestone on our path to making truly accessible cryptocurrency possible. A big thanks to everyone who helped us get here. 

  • There are now lots more ways to get involved to get involved with the project: come join us on Discord or pick up a quick-fix issue!

Privacy coins

Paige & Zooko from Zcash

  • We were focused on last minute tasks for activating Sapling over the weekend. Including, but not limited to, updating docs, prepping safemode alert for non-Sapling nodes and making sure ecosystem services are ready to go! Full steam ahead for Sapling! 

  • More in the full update here 

Diego and Riccardo from Monero

  • No Updates.

Smart contracting platforms

Evan from Ethereum

Myles from EOS

Zaki from Cosmos

Kate and Dean from Agoric

  • Our in-house economist, Bill Tulloh, will be presenting at Research and Practice on Blockchain October 27th, on “A Principal-Agent Approach to Securing Smart Contracts.”

  • Mark Miller and Bill Tulloh are organizing this year’s OCAP Workshop during SPLASH in Boston on November 6th. The workshop is designed to explore the latest developments in the theory and practice of the object-capability approach, and provide a forum for knowledge exchange and collaboration.

Financial Infrastructure

Antonio from dYdX

  • Finished work to add Leveraged ETH to expo. Leveraged ETH is a token that moves at a multiple of the price of ETH.

  • Working on designs to improve onboarding for expo.

  • Work trialed a technical recruiting candidate.

  • Hiring for design, engineering, and operations roles full-time in SF.

Brendan and Nadav from Dharma

  • Announced Dharma Lever, a trustless service for accessing margin in high volume from anywhere in the world, affordably and instantly. Read more here and sign up to be an Alpha Partner here.

  • Hosting #DeFi Summit - Prague on Monday 29 Oct. The event will be filmed and livestreamed -- check out the livestreams here (1234).

  • Our team is attending DevCon this week. If you want to meet us, shoot an email to brendan@dharma.io.

  • We’re hiring for a product manager, a product designer, and more. Check out our open positions here.

Coulter from MakerDAO

  • Headed to Devcon or just want to know what Maker is up to during the event? We've got talks, workshops and parties. Stop by and say hello! 

  • Announced the Core Community Development Group. An initiative to foster and grow some of our most motivated community members through incentives and support structures. 

  • We have FINALLY launched an official public telegram group. Join us for news, discussions, and maybe even some teasers before they go public :) 

Lazar from MARKET Protocol

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