As the total value locked (TVL) in RSK overtook the TVL of Lightining network, the RSK ecosystem update meeting celebrated RSK’s achievements and highlighted key new projects and updates to come:
The IRIS network upgrade is an upcoming RSK network hard-fork that increases the security and functionality of the POWPEG and two-way-peg bridge. This includes:
So far the test chain has freezed and undergone security reviews. It is now on last testing with no additional changes being made excluding bug fixes. ETA public release is ~3 weeks. Mainnet activation is ~4 weeks after this.
To learn more, read a detailed IRIS upgrade article here
TBC – 20th May community call to discuss possible features in the Hop upgrade. Follow the official RSK twitter account to stay in the loop.
RIF Storage is a censorship resistant, permissionless and decentralized storage protocol running on RSK Infrastructure Framework (RIF).
Currently, nodes only prioritise popular files because they’re rewarded per retrieval. A new pinning service will allow users to pay to keep their file constantly active/retrievable on the network. A live demo date TBC. RIF Identity can save identifications on the RIF using the pinning service. This can be used to make landing pages, for example sovryn.app, uncensorable, since the page runs/is hosted on the network, not via any centralised provider.
Beexo is a new multi-currency digital wallet platform for BTC, ETH and RSK assets. There is a mobile and web app. Beexo wallet is the first to integrate RIF Enveloping, a solution designed to make user payment experience akin to those provided in traditional finance. RSK Infrastructure Framework (RIF) introduces Enveloping to simplify Bitcoin DeFi Experience.
Fun Fact - Sovryn contributor ‘The Gimp’ received $10 in rBTC for signing up first during the call!
Tropykus is a non-custodial, non-KYC lending and borrowing DeFi platform on RSK, largely focused on South America. Users can earn bitcoin yield by providing liquidity to over-collateralized loans for latin-americans. The mission is to improve accessibility to BTC yield, savings and loans to LatAm. There are two lending/borrowing ‘deals’:
Full deal – The interest rate is higher, attractive to traders on the lending side.
Social deal – Yield is lower, Tropikus finance profit is lower. Limited borrowing amount – aimed at providing necessary non-KYC loans to latin americans who have no other fair option. Currently Spanish, English coming in May launch. Learn more about Tropykus here.
Businesses can receive payments through both cryptoassets and traditional means via Bleumi – 50+ payment methods through BleumiPay, bitpay, coinpayments, transak, paypal, stripe and more.
Tenderly is a block explorer but far more powerful, coming to RSK. Group, filter and search transactions and contract interactions. Good for analysing why tx’s fail. You can use a debugger for individual transactions and step through to debug. There is a gas profiler to analyse what part of a transaction/contract uses how much gas in detail. Transaction simulator allows you to change the parameters like gas price/limit of a particular transaction and see if it would succeed or fail through a simulation. Excellent tool for developers debugging contracts. You can create your own fork of RSK that works with mainnet data to use as your own testnet. You can connect tenderly to local nodes to only analyse transactions on that node. Create your own custom analytics dashboard to show things like transactions over time, daily/monthly active users. Flexible alerting feature with custom alerts based on many factors. Learn more about Tenderly here.