Episode Details

In this episode, the main conversation revolved around the limit order proposal, how it works, and its impact on arbitrage bots and Rujira.

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Timestamps:

00:00:00 Intro

00:04:00 Kenton starts

00:11:00 Volume is great!

00:13:00 Devel introduction

00:15:00 How did you hear about THORChain, Devel?

00:18:00 Why did you become a node operator as well as an arbitrageur?

00:20:00 It's been a long-standing belief that arbitrageurs are parasitic

00:23:00 Ratio between swap volume and arbitrage volume

00:25:00 Arbitrage volume is around 63% — does this mean THORChain is efficient?

00:27:00 Will Monero have a significant price discrepancy?

00:32:00 Could XMR become the XY curve of THORChain?

00:33:00 Devel's proposal: A new type of order to improve quotes and turn arbitrageurs into market makers

00:35:00 If the system works: Faster swaps, bigger swaps, and better price execution

00:37:00 They are not limit orders — they are limit swaps

00:38:00 Screen share

00:42:00 Devel explains the difference between limit orders and limit swaps

00:46:00 I want to achieve an improved quote endpoint

00:55:00 Chocolate bar

01:05:00 Boone and Devel join

01:06:00 Devel continues the conversation

01:13:00 Is this proposal additive or a replacement?

01:18:00 Devel continues breaking down the structure of his proposal

01:24:00 Boone adds clarity

01:28:00 Kenton asks about market making with exploited funds

01:34:00 Would this complement or compete with Rujira?

01:37:00 Boone: This does not conflict with the app layer

01:41:00 Clarifying Rujira's design versus Devel's base-layer proposal

01:47:00 Boone's maker/taker fee split idea

01:50:00 Devel is currently helping improve node operator operations

01:53:00 Quality-of-life improvements for new node operators

01:57:00 Dynamic fees and the boone.tools highlight

02:02:00 KPI dashboard for global volume

02:06:00 Quick XMR update (Boone)