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DeFiChain Tech Talk - September 2021

U-Zyn Chua
September 16, 2021
290

DeFiChain Tech Talk - September 2021

DeFiChain Tech Talk
for September 2021

Presented live: https://www.youtube.com/watch?v=P-OopbWf1kE

Agenda:
1. Fort Canning progress
2. EVM proposal

U-Zyn Chua

September 16, 2021
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Transcript

  1. 1
    September 2021
    DeFiChain Tech Talk
    Decentralized Finance for Bitcoin
    September 2021
    Tech Talk

    View Slide

  2. Decentralized Finance for Bitcoin
    DeFiChain
    Tech Talk
    Fort Canning

    View Slide

  3. Decentralized Finance for Bitcoin
    DeFiChain
    Major
    ● Decentralized loan
    ● Tokenized price-tracking assets (stocks, commodities, etc)
    ● Auction
    For liquidated asset recovery
    Fort Canning Features
    Tech Talk

    View Slide

  4. Decentralized Finance for Bitcoin
    DeFiChain
    Fort Canning Features
    Tech Talk
    Also
    ● Composite swap
    One swap transaction from USDT to USDC
    ● Masternode improvements
    - Reward address enforcement
    - Operator switch
    ● Improved slippage protection

    View Slide

  5. Decentralized Finance for Bitcoin
    DeFiChain
    Fort Canning Features
    Tech Talk
    Also
    ● Anchor fee for Bitcoin is no longer enforced
    Expecting more frequent Bitcoin anchors by community
    ● Refunding of HTLC is now only 1 single call
    spv_refundhtlcall
    ● Missing transaction fees from block reward is restored

    View Slide

  6. Decentralized Finance for Bitcoin
    DeFiChain
    Fort Canning Timeline
    Tech Talk
    ● Concluding development
    ● Devnet upgrade
    Week 3 of September 2021
    ● Testnet upgrade
    End of Week 3 or Week 4 of September 2021
    ● Node release – v2.0 release
    Around 30th September 2021
    ● Mainnet upgrade
    Around mid-October 2021
    * subject to variable development and testing schedules

    View Slide

  7. Decentralized Finance for Bitcoin
    DeFiChain
    Tech Talk
    What’s next?

    View Slide

  8. Decentralized Finance for Bitcoin
    DeFiChain
    Today
    ● Vibrant user and developer community
    18 CFPs for September round
    ● Jellyfish/Ocean API
    Strong development library
    ● Many clients and libraries available
    Developed by various community members
    What’s next?
    Tech Talk

    View Slide

  9. Decentralized Finance for Bitcoin
    DeFiChain
    From pink paper
    ● Onchain governance
    “G” upgrade – ETA Q4 2021
    ● Native NFT
    ● Native Future
    ● Native Option
    What’s next?
    Tech Talk

    View Slide

  10. Decentralized Finance for Bitcoin
    DeFiChain
    Ethereum
    + EVM-compatible chains
    Binance Smart Chain
    Fantom
    Avalanche
    Polygon
    = Free DeFi ecosystem
    DeFi Ecosystem
    Tech Talk

    View Slide

  11. Decentralized Finance for Bitcoin
    DeFiChain
    ● Native DeFi
    ● Safe & secure
    ● Bitcoin bridge – complete
    ● Missing out on larger DeFi ecosystem
    DeFi on DeFiChain
    Tech Talk

    View Slide

  12. Decentralized Finance for Bitcoin
    DeFiChain
    Tech Talk
    Proposing...
    * This is merely a proposal for discussion.
    Vote of Confidence with clearer narratives and plans will be submitted to seek masternodes’ approval.

    View Slide

  13. Decentralized Finance for Bitcoin
    DeFiChain
    EVM + Native DeFi
    Full Decentralized Finance
    Capabilities for Bitcoin
    EVM layer and connection to all EVM chains
    Allowing smart contracts layer on top of secure
    Native DeFi protocol
    EVM
    * This is merely a proposal for discussion.
    Vote of Confidence with clearer narratives and plans will be submitted to seek masternodes’ approval.
    Tech Talk

    View Slide

  14. Decentralized Finance for Bitcoin
    DeFiChain
    Native DeFi
    Native DeFi provides base
    primitive functionalities of DeFi
    ● Tokenization
    ● Decentralized exchange
    ● Loan
    ● Atomic swap
    ● and more to come...
    Native DeFi continues to be safe
    and secure
    Tech Talk
    EVM layer and connection to all EVM chains
    Allowing smart contracts layer on top of secure
    Native DeFi protocol
    EVM
    * This is merely a proposal for discussion.
    Vote of Confidence with clearer narratives and plans will be submitted to seek masternodes’ approval.

    View Slide

  15. Decentralized Finance for Bitcoin
    DeFiChain
    EVM
    Tech Talk
    EVM layer and connection to all EVM chains
    Allowing smart contracts layer on top of secure
    Native DeFi protocol
    EVM
    Ethereum Virtual Machine
    (EVM)
    ● Turing-complete
    ● Smart contract capability
    ● Flexible
    ● Even wider
    developer-friendly
    * This is merely a proposal for discussion.
    Vote of Confidence with clearer narratives and plans will be submitted to seek masternodes’ approval.

    View Slide

  16. Decentralized Finance for Bitcoin
    DeFiChain
    What does this mean?
    ● Native DeFi layer continue to be non-Turing complete and very
    safe.
    ● EVM provides extensible layer.
    ● EVM layer interacts with Native DeFi via smart contract-signed
    transactions.
    EVM + Native DeFi
    * This is merely a proposal for discussion.
    Vote of Confidence with clearer narratives and plans will be submitted to seek masternodes’ approval.
    Tech Talk

    View Slide

  17. Decentralized Finance for Bitcoin
    DeFiChain
    Why?
    ● DeFiChain has built itself from solidifying DeFi smart
    contracts/prototypes from other protocols.
    ● We often wonder what it would be like if DeFi prototypes take
    place right on DeFiChain instead, alongside Native DeFi.
    ● With this evolution, now we have it.
    EVM + Native DeFi
    * This is merely a proposal for discussion.
    Vote of Confidence with clearer narratives and plans will be submitted to seek masternodes’ approval.
    Tech Talk

    View Slide

  18. Decentralized Finance for Bitcoin
    DeFiChain
    ● We have Bitcoin bridge via atomic swap.
    ● EVM blockchains have direct swap protocol.
    ● With this we will be able to bring in native ETH, ERC20, native
    BNB, BEP20, and so much more to DeFiChain.
    ● Imagine TSLA token of DeFiChain is now tradeable at
    PancakeSwap.
    Cross-chain support
    * This is merely a proposal for discussion.
    Vote of Confidence with clearer narratives and plans will be submitted to seek masternodes’ approval.
    Tech Talk

    View Slide

  19. Decentralized Finance for Bitcoin
    DeFiChain
    ● DeFi Standard Token (DST) and “ERC20” direct link.
    ● Every DST is EVM-compatible “ERC20”.
    ● This allows “ERC20” of DeFiChain to be able to participate
    directly with protocols such as AnySwap or Connext.
    DST & “ERC20”
    * This is merely a proposal for discussion.
    Vote of Confidence with clearer narratives and plans will be submitted to seek masternodes’ approval.
    Tech Talk

    View Slide

  20. Decentralized Finance for Bitcoin
    DeFiChain
    ● DeFiChain decentralized stocks tokens tradeable on the greater
    DeFi ecosystem? YES!
    ● The very USDC and USDT from Ethereum can be made available
    at DeFiChain? YES!
    ● BNB can be tradeable to Bitcoin through DeFiChain? YES!
    BNB => BNB (DeFiChain) => Bitcoin via atomic swap
    ● Look at what the community is building on a limited DeFiChain
    today. Imagine what the community can build on a DeFiChain
    VM.
    Exciting!
    * This is merely a proposal for discussion.
    Vote of Confidence with clearer narratives and plans will be submitted to seek masternodes’ approval.
    Tech Talk

    View Slide

  21. Decentralized Finance for Bitcoin
    DeFiChain
    ● Native DeFi will continue to be the safe, secure and non-Turing
    layer of DeFiChain
    ● Mature DeFi protocols and projects can be extended at Native
    DeFi layer for additional security with minimum attack surface.
    ● EVM => Native DeFi => Nakamoto Consensus
    ● Security + Flexibility
    Native DeFi will continue
    * This is merely a proposal for discussion.
    Vote of Confidence with clearer narratives and plans will be submitted to seek masternodes’ approval.
    Tech Talk

    View Slide

  22. Decentralized Finance for Bitcoin
    DeFiChain
    Tech Talk

    View Slide