Haven 3.0 Development progress

Last updated: 11 January 2023

Completed

• VBS core functionality
• Specific offshore
• Specific onshore
• Max offshore
• Implement cryptographic verification for offshore and onshore collateral
• Design work on implementation of block cap
• Fix for split TXs (conversion TXs are now blocked from being split, because it breaks VBS)
• xAssets conversion fees
• Offshore change to 1.5%
• Onshore change to 1.5%
• Fixes to support dynamic TX fee & block size scaling
  26 October 2022
• Merge offshore fee functions (wallet2 + cryptonote_tx_utils)
• Fix for TX sorting / selection algorithm (to improve efficiency in line with block cap implementation)
  This fix improves the efficiency of the TX selection to maximise capacity in the blocks, which also increases revenue for miners.
• Max onshore
  28 October 2022
• TX structure optimizations – remove masks sums from TX if it isn’t conversion TX
  02 November 2022
• TX structure optimizations – mark collateral outputs on TX and validate collateral unlock times
• Fix xAssets conversion fees
• Fix error on low value TX fees
  04 November 2022
• Block cap implementation
• Update wallet-rpc methods
  11 November 2022
• General review (formulas, implementaion & bugs etc..) before internal testnet
  18 November 2022
• Internal Testnet
  21 December 2022
• Web Vault internal testing
• Public Stagenet
• Miners & Pools notification
• Audit by Cypher Stack
• Audit the new collateral verification code (Security and Privacy)
  22 December 2022
• Notify exchanges of the fork
  9 January 2023
• Public Testnet
• Web Vault Testnet
• Haven 3.0 deployment
• Fork success
  11 January 2023
• Fix pricing record for collateral between XHV <> xUSD conversions

In progress

• N/A

Outstanding

• N/A

Notes on Block Cap

As suggested by some community members, the block cap formula initially proposed was not a direct function of the XHV supply, as well as being too large with increasing market cap.

As part of the TX sorting fix being implemented, the block cap formula has been updated in order to provide a higher level of protection against inflation, as well as disincentivizing large transactions being split, which would increase the TX pool.

The table below shows the new formula for the block cap and how it affects the block level for different XHV supplies, price and market cap.