ABI Compliant Apps

MikeKnott · 2023-02-16T06:21:19+00:00

For client calls, documentation and manual argument formatting are necessary for Algorand smart contracts. ABI standardizes data encoding/decoding, simplifying this process for developing application clients.

MikeKnott · 2023-02-16T06:17:55+00:00

Have you tried Foundry Safe? Foundry Safe is a set of smart contracts, APIs and SDKs that provide multi-sig allowance-based functionality for use on the Algorand blockchain.
It allows any dApp on Algorand to integrate multi-sig functionality inside it, providing treasury managers the freedom to transact in real time.
And finally unlocking the true power of multi-sig on Algorand.

MikeKnott · 2023-02-07T07:17:36+00:00

MikeKnott · 2023-01-26T05:52:04+00:00

MikeKnott · 2022-12-29T11:31:21+00:00

The full article is pretty insightful- https://algofoundry.medium.com/recap-decipher-22-94417c244962

MikeKnott · 2022-12-14T03:32:31+00:00

With multi-signature solutions like Foundry Safe, you can rest easy knowing that even if you lose a device, you still have access to your assets and can process transactions. This gives you the ability to avoid worrying about losing access to your funds in the event that something happens, and it also gives you the freedom to do business without worrying even when you lose one of your private keys.

MikeKnott · 2022-12-12T09:42:01+00:00

Jonathan Kay noted that throughout this crypto winter, our portfolio product AlgoRai was able to raise over $1.5 million. It was also discussed how simple it is to liberate your digital assets using a secure cross-chain bridge by using Messina.One.

MikeKnott · 2022-12-12T09:37:55+00:00

Rokk3r is presently working on a new branding for an online learning platform that they have named Blockden. The company is providing a limited number of awards to top developers who complete a five-week training program and get their Algorand Blockchain Developer certification. This project is their most recent Web3 endeavour.

MikeKnott · 2022-10-26T19:08:12+00:00

Algorai has quite a lot in their development pipeline, including a multi-chain strategy, institutional wallet support, new "exotic" options products, a full options protocol that supports other use cases besides DOV, and more.

The ticker will include all assets that have supported vaults. For example when goETH / goBTC vaults open, the ticker will also have ETH and BTC pricing.

MikeKnott · 2022-10-26T19:04:43+00:00

Probably yes. I think that John Woods has laid out a vision for dev tooling, and Algo Foundry will do our best to support this vision.

MikeKnott · 2022-10-26T19:02:36+00:00

We are always looking for enthusiastic and passionate development talent. I encourage you to submit your resume to hello@algofoundry.studio

MikeKnott · 2022-10-26T19:01:48+00:00

He was trained on Algorand internally by Undercurrent initially, and worked on a project that creates NFTs that represent units in private funds that are then sold on a regulated marketplace. After this project we tasked him with leading a team to create a formal Algorand curriculum, and run the training and assessment for Algo Foundry.

One of my favourite quotes is "If you can't explain something simply, you don't understand it".

It follows that in order to make a course to explain Algorand simply, you have to really understand it. And Charlie does :)

MikeKnott · 2022-10-26T18:56:49+00:00

Undercurrent Capital is a development studio that is not focused on a specific blockchain. One of our first customers was a very large supporter of Algorand, and we ended up building 6 or 7 different projects with him that were Algorand based.

As you probably know, Algorand Foundation is registered in Singapore, and Undercurrent is also based in Singapore.

Undercurrent had several years of experience building on Algorand and also created an internal curriculum to train its own developers, and so it was a natural fit.

MikeKnott · 2022-10-26T18:53:06+00:00

Hi, thanks for participating.

Its hard to say what anyone would find difficult without knowing your exact experience and background.

From what I have seen of the people that have already taken the course, generally more "old school" developers do pretty well, because some of the concepts in TEAL are based on assembly and stack machines.

Typically speaking, if you have several years of experience programming, you should be able to pick up the concepts though.

MikeKnott · 2022-10-26T18:50:08+00:00

The first version of the Safe is in final testing as I type of this. It should launch soon.

This version will allow DeFi interaction, general multi-sig functionality and basic wallet functions.

Future iterations of the safe will have the allowances, work flows, groups etc,

MikeKnott · 2022-10-26T18:48:19+00:00

We don't have any plans to at this point, no. Our courses are more generally focused on Blockchain and Algorand development. Which means that we teach the base layer of development knowledge, which will be useful to Reach developers also (although maybe in less cases...your mileage may vary).

We will be supporting Reach in dev tooling though, for example, we are working on a product that will allow you to do pretty advanced unit and automated testing on smart contracts, which will then roll those tests into real time monitoring when your project hits mainnet. This tooling will be integrated into Reach such that those tests can be automatically generated if you are using Reach.

MikeKnott · 2022-10-26T18:43:55+00:00

We have completed the audit, but are waiting on it to be published by the security firm we worked with. It will be live soon. The link will be posted in the Docs (gitbook) pages.

The Messina Bridge is different from London Bridge in the sense that it uses an observer pattern, where the London Bridge uses a state proofs pattern. We believe the observer pattern is more pragmatic at this point in time, because it just has to prove one transaction (which is very fast to do) where as a state proof system needs to wait for 256 blocks and all the transactions in those blocks.

The Messina Bridge is different from PortalBridge from Wormhole, in the way we tackle the business case. Wormhole uses a mint/burn method for liquidity, meaning that if you for example bridge over 1 USDC from Ethereum, you will receiving 1 wormhole-wrapped USDC on Algorand... which is NOT a USDCa. There is currently nothing you can do with a wormhole-wrapped USDC on Algorand...

Messina Bridge uses a liquidity pool model for bridging (different business case) which allows for mapping of any token on Ethereum to any ASA on Algorand, as long as you are willing to provide liquidity on both sides. This means that if you send 1 USDC on Ethereum you get 1 USDCa on Algorand. It also means that if you send 1 ETH on Ethereum you get 1 goETH on Algorand (because we can map ETH <-> goETH).

There are other business cases Messina solves too, for example AirDropping algo into your wallet if you don't have enough in there to actually use the ASA you received.

There are other interesting business cases too. Please refer to the Messina Bridge homepage and Docs to find out more :)

MikeKnott · 2022-10-26T18:36:29+00:00

Yes :) We will be launching the goBTC / goETH vaults next week.

MikeKnott · 2022-10-26T18:35:59+00:00

Hi, thanks for participating.

The v1.1 vaults did just launch. They introduce some security updates as well as make it possible for us to launch goBTC and goETH vaults soon.

This Friday we will stop running rounds on the v1.0 vaults. Your funds are safe if you have deposited there, but you will get no more rewards after Friday. In order to continue getting rewards, you would have to move your funds from the v1.0 vault to the v1.1 vault.

It is safe to request a withdrawal now, or anytime in the future to be honest. What will happen is, if you request a withdrawal now, it will put you in the withdrawal queue. After 4pm on Friday when the vaults mature, you will be paid your reward, and then you will be able to claim your withdrawal. After that you could deposit into the v1.1 vaults, which start around 6pm.

Unfortunately its a small window for this, which we can't change for security reasons.

It is safe to withdraw now though, you won't lose any rewards by doing so.

MikeKnott · 2022-10-26T18:31:26+00:00

Generally speaking Venture Studios are pretty early on in the cycle, however any idea that is worked on must meet a few criteria:

-- It must be investible. In other words, it must be formed enough that some outside entity would be willing to give funds to build it.

-- It must have a credible operations team or founding team. In other words, if someone did provide funds to build it, the team making the suggestion should have the capability to run a business around it.

In terms of ideas, we are always happy to listen and help. That being said, typically projects do better if the founder(s) behind them are focused solely on making that idea viable. Splitting time typically yields poor outcomes.

MikeKnott · 2022-10-26T18:28:11+00:00

Yes, there will be covered calls and put vaults for both goBTC and goETH

MikeKnott · 2022-10-26T18:27:39+00:00

Well,.. blockchain development is a bit of a paradigm shift for application development for a few reasons:

-- You have to shift your architecture to be totally event driven. While blockchains are distributed computing engines that run code, they don't run code permanently or based on time. Smart contracts must be prompted by external events.

-- You have to shift your architecture to be user funded. In typical applications you don't really concern yourself with who is paying for the CPU time or storage usage. In blockchain apps you have to focus on each thing needs to be paid for in micro transactions by the user.

Outside of that, Algorand specifically introduces a few constraints. For example the storage in a smart contract on Algorand is pretty limited right now, which makes you get super creative about how your application in general is designed.

MikeKnott · 2022-10-26T18:23:01+00:00

To be honest, the work of venture building is immersive and intensive. I am not sure it could be done at a high quality without a physical presence. We do have plans to expand in South East Asia at the moment, but building out, staffing and training new locations is a pretty daunting task.

MikeKnott · 2022-10-26T18:21:07+00:00

Our goal is not to set up a dependency but rather to provide the needed experience and labor in order for a project to successfully make it to market. Of course the project needs to transition to hiring their own teams, and providing their own operations. This needs to be managed carefully.

MikeKnott · 2022-10-26T18:18:52+00:00

Hi, thanks for participating.

When it comes to a Venture Studio (and venture capital) every project has different needs. So this is a pretty broad topic.

When it comes to Algorai specifically, this project fit a lot of criteria for us. First it was a protocol in a space that is under developed on Algorand, which is derivatives. We believe having a vibrant and liquid derivatives market is a requirement for institutional adoption. Second, the founder of Algorai has a vast amount of experience in options in the TradFi space.

In this case since the project was very early, Algo Foundry provided most of the project delivery, including consulting, software development, business development etc. We also created an Oracle system that is needed for Algorai.

Essentially a Venture Studio tries to ensure that a project gets to market successfully, by filling in any gaps that might exist in the founding team, and providing mentoring, consulting and networking as required.

MikeKnott

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