Radix, AI Regulation Protects Special Interests, AI Sovereign Hardware Protects You | Podcast #236

In this episode, the team discusses with Matt and Xardas about AI in crypto; AI security, sovereignty, responsibility, hardware, and what THORChain can do to prepare for an increasingly agentic future. 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 Intro00:02:30 Marketing update00:04:00 Sovereign AI setup of Payne00:07:00 History of Xardas, founder of NGRAVE00:08:00 Xardas begins — the acceleration of AI00:11:00 History of a previous venture, Storm City, and dealing with exploits00:15:00 Xardas' history with the NGRAVE wallet00:17:00 The security of AI permissions will need to extend beyond cryptographic keys!00:19:00 There is a layer between information and secrets you don't want other people to access (like a firewall)00:21:00 100% reliable AI infrastructure that is not hackable does not currently exist — until now00:25:00 These AI models will mostly be used by companies in the beginning. These agents will be able to interact with other entities on your behalf00:29:00 Eventually, AI will be able to exploit any hole in code that exists00:31:00 Will AI solve mathematical proofs? Yes, but it doesn't need to!00:36:00 The place to verify the hardness and security of the system must be very secure00:39:00 It is futile to get alignment from the model00:41:00 Kenton: Everyone wants to outsource responsibility00:43:00 Innovation will come where freedom is preserved00:47:00 We need the ability to MAINTAIN sovereignty, and companies should be wise to this (liability)00:51:00 Will this be miniaturized and available for everyone to safely interact with the internet?00:56:00 Terminator 2 analogy00:58:00 Sovereign AI is the new watchdog01:02:00 What can THORChain do to be ready for this future?01:07:00 Screenshare of website01:14:00 It's important to believe that creating freedom brings more value01:16:00 These systems will be mandatory to protect sensitive data01:20:00 The cost of securing one's system will be far, far cheaper01:22:00 Regulations will only delay innovation and the inevitable01:29:00 How long will the hardware last in terms of capability?01:31:00 Cost of hardware01:33:00 How does updating work?

In this episode, the team discusses the latest protocol and development updates, including SwapKit revenue sharing, upcoming Zcash and XMR support, and the path toward THORChain becoming self-sufficient. They also dive into ADR 30, intents, Rapid Swaps.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 Intro00:03:00 Solvency sweeper — re-enable dynamic fees00:04:00 SwapKit rev share00:05:00 Next week Zcash, XMR fast follow00:06:00 What was the issue with SwapKit rev share? What delayed it?00:09:00 Wen Ragnarök Gaia?00:13:00 Kenton supports keeping Gaia00:14:00 Marketing update — API usage is great00:17:00 DefiLlama swaps and ads00:22:00 Chat Box STO — every other day it gets a “wen XMR?” question00:24:00 Can we launch XMR ahead of ZEC?00:26:00 Wen hiring more devs?00:27:00 Agentic workflows for various devs00:29:00 AI will lead to devs getting more efficient over time00:31:00 Should the dev fund be increased?00:34:00 Houdini Swap income for the treasury00:36:00 What would the treasury do with the money if the dev fund exceeded operating costs?00:38:00 Self-sufficiency is potentially not far away00:41:00 THORChain achieving self-sufficiency in a bear market would be crazy!00:44:00 ADR process00:47:00 ADR 30 delegated Node Operator addresses00:50:00 THORChain.net screenshare00:57:00 Intents question01:03:00 What does THORChain need to achieve to be firmly #1 for economic infrastructure for the industry?01:05:00 Rapid Swap topic01:06:00 Devel shoutout01:10:00 THORChain's moat in an intent-driven world01:16:00 Shoutout to a big XRP to ETH swapper01:18:00 Will THORChain be invisible in the future or a well-known brand?01:22:00 If you were redesigning THORChain today, would the architecture look the same or different?01:27:00 THORName issue with THORName A to THORName B01:28:00 Opt-in Chain Client still being considered? Does that increase or decrease the complexity of churns?01:30:00 Security and core services are focused on in parallel01:36:00 Can we have an exact date for the XMR release or when it goes live?01:40:00 What's the current stagenet THORNode + Midgard base URLs, and which liquidity model does the XMR pool run (CLP / CCL / DCL)?

In this episode, Omar gives us an overview of Station Wallet’s history, how its agentic wallet works, and its future plans for XMR and Polymarket. He also explains the relationship between the VULT token and Station Wallet and much more!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 update00:05:00 Omar starts with his introduction00:07:00 History of Station Wallet00:09:00 How does Station Wallet work?00:11:00 You can import a seed phrase and it gets converted00:13:00 Beautiful, simple, and easy to use00:17:00 Website screenshare00:19:00 Agentic explanation and potential00:26:00 Station Wallet had to start from zero again because the data was not preserved00:29:00 Does it support XMR?00:35:00 Polymarket support00:39:00 VULT token inflation metrics00:41:00 Buying new brands?

In this episode, the team discusses Router V6, the current memoless situation, ADR 29, XMR integration and its remaining blockers, the upcoming v3.20.2 release, stablecoin support, tokenized assets, and the latest POL developments.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 update00:07:00 Adding Houdini Swap00:09:00 Exodus Wallet support00:11:00 TSS halt signing — current situation00:15:00 Router V6 update00:17:00 What exactly can Router V6 do?00:19:30 Current situation with memoless swaps00:27:00 Memoless spam discussion — single actor00:33:00 Further discussion about the memoless attack vector attempt (unsuccessful)00:40:00 Adding a timer to STO for memoless swaps00:42:00 ADR 29 ETA00:44:00 XMR questions00:47:00 What is the current blocker for XMR?00:52:00 Minimum/maximum swap size when XMR goes live?00:55:00 XMR community question: Security, audits, and churn cadence01:02:00 How do we make things smoother and improve the outbound queue?01:05:00 Adding USDC/USDT.sol to the roadmap — is it easy to do?01:08:00 Does it make sense to increase Rapid Swaps?01:10:00 Was the stablecoin swap experiment conclusive?01:17:00 ETA for 3.20.201:18:00 Long-tail pools question01:22:00 Tokenized assets on THORChain/DeFi01:28:00 Kenton weighs in on tokenized gold and silver01:34:00 The merger of DeFi and TradFi01:38:00 POL growth01:45:00 Burn percentage and more POL discussion01:52:00 Adding liquidity to staged pools (link?)01:56:00 How are the cryptography teams doing?

In this episode, Freddy gives us an overview of what RAVN Exchange is and how their non-custodial cross-chain swap aggregator works.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 Intro00:02:30 Marketing update00:05:00 Freddy introduction00:07:00 Why Ravn Exchange was created00:11:00 Which DEXs have you integrated?00:14:00 XMR coming to THORChain is very big00:15:00 Any insight into your target audience?00:19:00 Has Ravn considered using THORChain XMR swaps to achieve privacy automatically?00:25:00 AI agent infrastructure00:28:00 Execution page00:32:00 Does Ravn hold user funds?00:33:00 Adding RUNE support?00:36:00 Fiat on/off ramps00:37:00 Is Ravn Exchange live?00:38:00 Integration page00:43:00 Waiting on Router V6 upgrade00:47:00 Memoless explanation00:48:00 Do you expect free stable-to-stable swaps to see a significant uptick?

In this episode, the team discusses internalized arbitrage and how it could work across the App Layer, the viability of BLOs, and potential risks from node operators interacting with the App Layer. They also cover POL performance, removing churn requirements, ADR 30, and how AI agents could help diagnose consensus.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 Intro00:03:00 Marketing update00:09:00 BLO/AMM question00:11:00 Agentic question00:13:00 Is there a command-line wallet available?00:14:00 Kenton shares AI metrics00:16:00 We are getting visibility00:20:00 Can THORChain internalize arbitrage?00:26:00 Hans talks about CCL/DCL and the enshrined oracle00:30:00 Devel and Hans discuss designs for internalized arbitrage00:33:00 App Layer is running again00:36:00 Could nodes collaborate to attack the App Layer?00:38:00 What are the repercussions of nodes attacking the App Layer?00:45:00 Can the App Layer quote on BLOs?00:51:00 BLO viability question and discussion01:00:00 BLO discussion continues01:10:00 Kenton's story about buying BTC01:12:00 Update on THORChain's stability efforts01:15:00 Removing churn as a requirement01:19:00 POL discussion and performance01:30:00 ETF discussion01:37:00 POL vs. RUNE price reflexivity01:42:00 ADR 3001:45:00 Node operators and block time01:47:00 Stability discussion with Chad B — Midgard and AI agents01:53:00 Will this help diagnose App Hash/consensus failures?

In this episode, we mostly discuss app layer and base layer alignment, communication going forward, and how to improve both.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 Intro00:05:00 App Layer pause00:07:00 Concerns about pausing the App Layer00:10:00 Freezing the emergency brake00:13:00 Restarting should be safe00:16:00 Breakdown of arbitrage revenue00:24:00 Discussion about the ramifications of pausing the App Layer00:33:00 Continuing the discussion00:36:00 DCL discussion00:40:00 Sonar is coming!

In this episode, the team discusses the v3.20 update, chain stability issues, Monero and Zcash, AI using THORChain, problems with memoless swaps, and much more.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 Intro00:03:00 AI video00:06:30 Kenton marketing update00:09:00 Chad B talks about recent events and pausing for a few weeks to harden the protocol00:15:00 API endpoint relationship between THORChain and the App Layer00:16:00 We are doing very well in AI!00:19:00 Chad B: The exact future of AI is unknown00:21:00 "Exact out" swaps00:26:00 When will THORChain be back online?00:27:00 AI purchasing things online00:30:00 Will "Add bond yield auto-claim using optional THORName affiliate collector payouts" make it into 3.21?00:31:00 What is the situation with the open-source TSS library? (Currently closed source)00:32:00 XAUT is coming00:33:00 MOR is whitelisted — seed the pool soon?00:36:00 AI self-improvement models and open-source AI00:39:00 Could open-source AI recursive learning pop the AI bubble?00:42:00 ADR 30 discussion00:44:00 What ADRs are coming next? Free stable swaps, per-asset MinBPS, ADR requirements, Devel's BLOs00:46:00 Free stable swaps are actually very complex — Chad B started developing them00:49:00 Why does it take nodes so long to vote?00:50:00 ADR voting requirements00:52:00 Are we at the mercy of the nodes?00:54:00 LP depth question and churn-out question00:56:00 POL payment frequency to pools once enabled01:00:00 Revenue-sharing progress01:01:00 SwapKit is very close to enabling revenue sharing — 1–2 weeks (20% revenue share)01:04:00 THOR token depth question — apparently, they are not being accounted for correctly01:06:00 Memoless issue01:09:00 How do we address spam attacks?01:15:00 Continuing the conversation01:18:00 Be careful when sending large swaps01:21:00 Some people don't like freedom because it scares them01:25:00 App Layer minority01:30:00 Years from now, people will be amazed by how hard it was to build this stuff01:32:00 The technology we're building attracts great thinkers01:35:00 Is Go sustainable? Should we move to Rust?01:38:00 Any other topics, Chad?

Denny, Kenton, and Ibek discuss Unstoppable Wallet’s THORChain integration, RUNE and TCY support, privacy, open-source development, AI security, DEX aggregation, stablecoin wallets, and the future of Unstoppable Wallet.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 Intro00:03:00 Marketing update00:05:00 Referral links structure00:06:00 Unstoppable integration history00:07:00 Unstoppable introduction — Ibek00:08:00 Unstoppable was created out of necessity00:11:00 The wallet has been a core product for eight years00:13:00 The wallet lets you swap anything to anything00:14:00 Ibek loves working with THORChain due to the ideological alignment and attention to detail00:16:00 What separates Unstoppable from being completely private? — UX trade-offs00:20:00 XMR and Zcash support, including shielded Zcash00:21:00 You now support RUNE and TCY — what else?00:22:00 Unstoppable is purely a mobile wallet00:23:00 No browser wallet for now due to the risks of the AI era00:25:00 It's very difficult to lose your RUNE through either passive holding or bonding00:28:00 How difficult was it to add RUNE support?00:29:00 Adding THORChain was easy for Unstoppable Wallet00:32:00 Forking Unstoppable's integration into other wallets00:35:00 Open-source vs. closed-source in the AI era00:39:00 Open source should always be the medium- to long-term goal00:41:00 AI capabilities00:45:00 Are you planning to add App Layer primitives?00:47:00 Houdini Swap discussion — how do they achieve privacy?00:51:00 NEAR is permissioned but fast due to this trade-off00:53:00 STO needs to integrate more DEXs to give customers more options00:56:00 We need to support tokenized assets00:58:00 THORChain, Maya Protocol, and other DEX aggregators explained01:01:00 We can enable the DEX aggregator for other pathways01:03:00 Unstoppable has not integrated Houdini Swap due to risk considerations01:05:00 Tainted funds and aggregator considerations01:07:00 Another layer of complexity — aggregation introduces additional failure risks01:10:00 Edge cases like memoless swaps01:13:00 UX consideration: Pop-up for double swaps01:15:00 Is Unstoppable considering a token?01:18:00 Token design possibilities01:21:00 Announcing a new product — a wallet specifically for stablecoins01:23:00 Is this a trend for stablecoin wallets?01:25:00 Thesis: Stablecoins will be integrated into everyday apps within 1–2 years01:26:00 How do you make money with this wallet?01:27:00 Feeless stable-to-stable swaps on THORChain01:28:00 Would you see value in that capability, Ibek?01:30:00 Is there demand for this wallet right now?

In this episode, the team discusses the latest developments across THORChain, including the ongoing v3.20 vote, the upcoming POL vote, ADR 29 passing, and what could be coming in v3.21 and much more.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 update00:03:00 Help desk update00:04:00 MimbleWimble and memoless swaps — don't do it!00:06:00 App Layer features coming to STO00:08:00 Abstracting secured assets away from the user experience00:12:00 Rayyk has been helping a lot with data analytics sites00:13:00 Version 3.20 vote is ongoing — POL vote coming soon!00:15:00 Will auto-claiming bond yield through optional THORName affiliate collector payouts make it into 3.21?00:16:00 Over-solvency explained00:17:00 Treasury discussion00:18:00 What is the future purpose of the treasury?00:21:00 THORChain conference00:23:00 Reserve emission curve and over-solvency — ensuring block rewards continue to be paid00:28:00 Economic Mimir for the emission curve?00:31:00 Voting on the POL percentage00:32:00 ADR 29 passed!!!00:33:00 SwapKit is very excited00:36:00 CCL on the App Layer could help THORChain operate more efficiently00:39:00 When will the App Layer restart?00:41:00 The debt of the United States00:46:00 TSS library: Open source, closed source, or something in between?00:48:00 An ADR to ask nodes what they think about the TSS library?00:50:00 Kenton wants it to be open source00:52:00 A three-month delay before open-sourcing?00:56:00 A closed-to-open-source ADR could be a healthy development00:59:00 What if Chad B were forced by Big Brother?01:02:00 Maya exploit discussion01:07:00 God saves the hardest battles for the toughest warriors01:08:00 We're going to come out ahead01:11:00 XMR is coming — lots of hard work!01:12:00 TAO/Bittensor is slated for 3.21, followed by Dash01:15:00 LP pause and resume question01:18:00 Lessons learned from DeFi over the years01:21:00 We are here for the mission01:25:00 Possible partnerships to create additional revenue streams for the treasury01:27:00 Dev Fund allocation percentage01:30:00 Burn discussion01:35:00 Selling RUNE in a strong market to make capital last longer01:38:00 Looking forward to XMR going live and getting things moving01:40:00 Immediately market the XMR chain when it goes live01:41:00 Call it a soft launch