Public Release of the xUSD Stagenet
Utilizing a newly designed Desktop Vault to interface with Haven stagenet, the exchange functions between XHV and xUSD are made available to public testing and review. The ongoing use and edge case testing provide valuable insights for refining both the Desktop Vault and the Haven Daemon.
Finishing the new Haven Daemon
A new version of the Haven Daemon backend is released to accommodate the visibility of variable coin supply and prepare for further additions of xAssets. Learnings from xUSD stagenet are integrated and will lead to further refinements in development.
Integration of the Chainlink Oracle
While initially planned as a future network upgrade, Chainlink’s services are now used for the mainnet launch of Haven’s first private stablecoin, xUSD. This integration is an important step towards the goal of decentralization and censorship resistance and reinforces Haven’s commitment to private decentralized finance.
“Cracking the xUSD Code”
After extensive analysis the overall security and performance of the solution was deemed unsatisfactory and a major overhaul and redesign of the code is carried out by the development team. To ensure long term success, a proof-of-value mechanism is researched, developed, and implemented. Testing the new solution is being carried out on stagenet.
xUSD Source Code Release
After one year of development the xUSD code intended for use on the Haven network is released as open source to the public for review.
Release of new Desktop Vaults
After being refined since beginning of the year, the new Desktop Vaults are released for the public to use on XHV mainnet. All functions to transfer, exchange, and mine assets, are implemented in a superior user friendly package for use on all major platforms.
Launch of xUSD on Mainnet
The world’s first private stablecoin xUSD goes live on Haven at block 640640 on July 20th 2020. The future of financial privacy has begun.
Release of Network Analysis Tool for the Haven Ecosystem
To monitor the health of the Haven ecosystem and to see real-time updates regarding supply of both XHV and xUSD, a network analysis tool is being developed. This should enable everybody to learn about the state of the ecosystem regardless of technical background.
Hardware wallets are viewed as the most secure interface to interact with cryptocurrencies. In light of this, the integration of XHV and xUSD into hardware wallets is a top priority for Haven’s development. The first platform used will be Ledger, if it enables all functionalities needed for Haven sufficiently. As this is an ongoing development no deadline has been set for completion.
Mobile wallets offer a secure interface to access cryptocurrencies. While the Web Vault is optimized for mobile devices, standalone wallets are preferred by some users. To enable maximum adoption of xUSD and coming xAssets, development effort will be directed to create Mobile Vaults for native use on Android and iOS. As this is an ongoing development no deadline has been set for completion.
Development work is ongoing to complete the functionality for multi xAsset support on the Haven network. Once complete they will be run on testnet to ensure the smooth operation and elimination of any bugs before release to mainnet. The first phase of xAssets (beyond xUSD) added will be xGOLD, xSILV, xEUR and xCNY.
To further expand the utility of the Haven network a Woocommerce plugin is being developed. This will allow online stores a simple way to integrate Haven payments into their site. All supported xAssets will be integrated allowing for global payments with a high degree of privacy for users and businesses.
Upgrade codebase to Monero v0.16 ‘Nitrogen Nebula’
As part of our ongoing codebase improvements we will be upgrading to Monero v.016. This makes several improvements to the protocol with full details here:
Rebasing to v0.16 also allows us to re-release the web vault with xUSD functionality.
Web Vault with xUSD functionality
Once the rebase to v0.16 is complete it will enable us to re-release the Web Vault with xUSD functionality. This is another important step forward for the project as it allows a simple to use interface to be used on any device including mobile, tablets and computer without the need for lengthy sync times or in-depth technical knowledge.
Haven Knowledge Base
We are in the process of building a brand new resource allowing everyone access to regularly updated project information all in one place. Once complete it will be accessible on the Haven website and will include a wide range of information including:
- Desktop, Web and CLI Vault guides
- Comprehensive FAQs
- Glossary of common terms used in the Haven project
- RPC guide
This resource will be an ongoing development and we encourage all community members to contribute with suggestions for content.
Coding work is ongoing for this important part of the project. Once the testnet is completed we will be conducting a fork to launch the first phase of xAssets including Gold, Silver, Euro and Chinese Yuan. These were chosen as the most well known and traded commodities as well as two of the most widely used fiat currencies outside of the US Dollar. This will assist with expanding the network and providing greater utility to users.
Once these are live on mainnet we will then be able to look at further xAssets and will consult with the wider community on this. Because of the coloured coin implementation, we will be able to add virtually any asset to the network as long as the protocol can pull a secure, reliable and decentralised price feed then it could be included. Stocks, commodities and a range of indices could be added as well as the potential for user customisable portfolios.
This integration is expected to be complete in Q1 and will provide many benefits to Haven and ThorChain. It will improve liquidity for XHV and xUSD through the creation of liquidity pools as well as providing xUSD holders a yield in exchange for providing the liquidity. It also allows direct access to other cryptocurrencies supported by ThorChain without the need for using a centralised exchange. Further to this it provides ThorChain users access to a range of private assets via the Haven network. Once other xAssets are live on mainnet they could also be added to Thor as liquidity pools further enhancing utility and value for both projects
Polarity Exchange Integration
Integration work is ongoing for adding an XHV/USDT trading pair to the Polarity Exchange. This is expected to be completed in Jan 2021 and we will keep everyone updated on progress. It will provide many benefits to users including:
- No KYC
- Your keys:Your coins
- Low Fees of $0.01 per trade
- Liquidity mechanisms to ensure fast trade execution
We will be commencing integration of the FIO protocol into the Haven Vaults. This will greatly increase usability and improve UX/UI. It will allow the use of a simplified address naming system for example: instead of the usual 98 character address you could use something like dweab@haven making it easier for e-commerce, payments and transfers. It also reduces the likelihood of man-in-the-middle attacks.
Integration of Haven as a payment method on Travala will be completed in Q1. It will allow anyone to use XHV to pay for flights, hotels and more with one of the leading crypto friendly travel companies. We will be looking to integrate xUSD in the future.