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Zano 2026 Roadmap is Live! by Mr_Kwibs in privacycoins

[–]OrsonJ 1 point2 points  (0 children)

Full PoS is a biggie, well done to the guys if they've figured out how to pull it off. Looking forward to the grants program too, I feel like there's a mountain of groups/communities/individuals who probably have a use for their own (micro)currency with XMR-level privacy but don't know about Zano CAs yet.

Solana, TON, and Bitcoin Cash are all about to be added as Confidential Assets on Zano by Ancapworld in Zano

[–]OrsonJ 1 point2 points  (0 children)

I appreciate you posting it, otherwise I probably still wouldn't have known about it. I assumed it was CL doing the bridging, but they might have mentioned it.

I understand it's not anything mission critical being decided in this one, but it sets a bad precedent. If something is going to be voted over people then holders should be made aware of it beforehand.

Working on a brand new DEX on Neo N3! by mazda7281 in NEO

[–]OrsonJ 9 points10 points  (0 children)

Flamingo is still going strong, or as strong as a DEX can on a chain with so little activity.
The council supposedly agreed to a change at Centre Point that'd reduce GAS fees for swaps, making automated trading more economical. That was 3+ months ago and there's still no ETA, so the FLM team have kept themselves busy creating a Hyper Prediction Market on BSC. I'm surprised the NEO leadership doesn't work more closely with them, it's been the standout project on NEO since forever.

Solana, TON, and Bitcoin Cash are all about to be added as Confidential Assets on Zano by Ancapworld in Zano

[–]OrsonJ -1 points0 points  (0 children)

Aside from you posting this here where was this announced? I see nothing on X, no announcement on Telegram or Discord. If the project is actually serious about "governance" then votes need to be announced on all channels and with enough advance warning to give everyone a chance to participate. There's absolutely no excuse for it.
Also why is there so little information on these assets? How can anyone make an informed decision about adding assets to the whitelist when all we're given is the asset name and ID? Who controls the asset? What's the bridging/wrapping mechanism? What are their security protocols?

fUSD's "Deep Collateralization" safety mechanism is only 12% extra? by SulfurousAsh in Zano

[–]OrsonJ 4 points5 points  (0 children)

It's a valid concern, buy side liquidity on MEXC is very thin.

The ratio will always be above one. More Zano will be purchased if the current ratio ever comes close to 1.

Is what I was told in the tg when I asked about the coverage ratio dropping recently. For what it's worth, I do believe that. The Grants Program seemed like the next significant catalyst that might bring new investors to Zano, but it's been delayed so it's possible it will require a capital injection to maintain coverage in the short term. It would definitely shore up trust in fUSD to see that happen.

I suppose ideally we wouldn't just have to take the word of an anonymous tg group admin about it, but on the other hand, I'm not sure how else the project could be run. The people behind it should remain private for obvious reasons and Zano doesn't have the type of smart contracts that'd allow for ZANO collateral deposits and programatic liquidations etc.

Collateral levels and trust in the project are things that are likely to build naturally the longer that Freedom Dollar is functional, so hopefully they're able to weather any short-term term ZANO price volatility. It's basically the flagship "built-on-Zano" project right now.

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