TCD Chronicle: November 2023

‍What's New on Telos

A Word From the TCD’s Head of ZK Technologies — Alberto Garoffolo

As planned, during the month of November, we heavily focused on crafting the whitepaper, formalizing the design elements discussed in previous months and now deemed "stable." Currently, concerning the protocol design, all aspects seem finalized except for a mechanism, for which we implemented two significant improvements this month. These enhancements provide the advantage of making the protocol more modular and flexible. The analysis in terms of the security impacts of these improvements seems fine so far and will be finalized over the next few days. During the next month we will continue crafting the whitepaper targeting its finalization in a few weeks.

During the past month, we also conducted an in-depth investigation into the tradeoffs in terms of performance among three different hash functions. The analysis covered benchmarks both in terms of primitive and proving performances. In particular, we identified a hash function with favourable characteristics for our protocol, given its ratio of proving to primitive performance. An analysis of the potential performance gain of the primitive remains to be conducted by implementing the algorithm directly optimized in assembly, as has been done, for example, with Poseidon in Plonky2.

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A Word From the TCD’s Head of Engineering — Jesse Schulman

November was a very busy month for Telos, with the addition of a new CEO we worked a lot on planning and building out our 2024 roadmap.  Great progress was made on the 1.5 release with a number of issues being finally resolved.  Work on 2.0 has begun as well in November, with the team very excited to begin focusing on the new EVM RPC that will bring further compatibility to TelosEVM. Telos Wallet received several new features in support of NFT/Digital Collectibles as well as defi-related improvements. Overall the team is very excited to share our plans for 2024 and to start the year off with full steam ahead on delivering towards our new roadmap!

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TCD Roadmap 2023 —

We have officially released our 2024 roadmap! This year, we are poised to witness significant advancements in four critical domains: Scalable Proof Protocol, K2-18 (our zkEVM gaming chain), Telos EVM + Telos Zero, and BASS. For a comprehensive understanding of our roadmap and detailed insights into our plans for 2024, we invite you to watch our Town Hall 2 presentation, where we delve into these topics in greater depth.

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Watch here: https://www.youtube.com/watch?v=c7HLRW3fgEU 

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Telos Integrations — 

DeFi- Always DYOR when engaging with DeFi protocols.

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Meridian

Website: https://meridianfinance.net 

A decentralized, non-custodial, governance-free borrowing protocol. Get interest-free loans in USDM, a USD-pegged stablecoin, against whitelisted collateral. Meridian features an over-collateralized model and a 110% minimum collateral ratio.

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Eralend

Website: https://www.eralend.com/ 

Eralend is the first decentralized lending protocol on zkSync, and is now live and integrated on Telos. It's designed to enhance the DeFi space by providing capital efficiency and reinforced security, aiming to surpass conventional DeFi solutions.

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Symmetric

Website: https://symmetric.finance/ 

Symmetric, a DEX and Balancer Fork, is built on the renowned Balancer V2 protocol. It offers top-tier DeFi features, including asset management tools, multi-asset pools, and adjustable pool weights.

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Velocore

Website: https://telos.velocore.xyz/swap 

Solidity Fork & Flywheel now on Telos. As the leading veDEX across various chains, Velocore is grounded in Velodrome's robust foundation. Experience trading with minimal fees and slippage on Velocore.

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Firebird

Website: https://app.firebird.finance/swap 

Experience elevated swapping with Firebird, a leading DEX aggregator. Swap across 10+ chains with $10B+ volume at competitive rates and with low slippage all while earning cashback in FBA tokens.

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Polaris 

Website: 

https://polarisfinance.io 

Polaris enables efficient trading by pooling crowdsourced liquidity from investor portfolios, using its Smart Order Router to find traders the best price. Exchange any combination of ERC20 tokens permissionlessly, with ease.

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Clout

Website: https://testnet.theclout.finance/#/trade 

Clout Finance has just launched its incentivized testnet where you can explore trading TLOS, BTC, ETH and other top cryptocurrencies with up to 50x leverage directly from your wallet. 

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Gaming

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LandBox

Website: https://landboxgame.com/ 

LandBox is a free-to-play open-world game that offers a diverse and engaging gaming experience. The game allows players to explore, build, and connect with others in a rich virtual world.  

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Tarzan

Website: https://tarzanofficial.io/ 

Engage with the legend as never before, diving deep into the dense jungles and embarking on exciting quests. Witness Tarzan™ in his full glory, from the meticulous 3D rigged design to immersive gaming scenarios.

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Network Performance

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As part of an ongoing effort to provide more visibility into network statistics, the TCD has begun tracking key metrics. This will enable us to identify potential trends on-chain. More metrics will be added over time.

TCD November Development Updates

Executive Summary

November was a significant month for the Telos Core Developer (TCD) team, marked by comprehensive enhancements across their software ecosystem. Key areas of focus included updates and optimizations in various components, improving user interfaces, refining performance, and expanding functionality. The team diligently worked on upgrading systems like the Telos Bridge, Telos EVM Translator, and Telos Wallet, among others, ensuring stability and efficiency across the board. Priorities for the month revolved around EVM 1.5, Telos-Bridge improvements, TELOS ZERO UI/UX improvements, and addressing the Governance Change backlog.

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Key Development Updates

Telos Bridge

• Dependency upgrades
• Working on OFT support

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Telos EVM Translator

• Implemented block range generation, system variables, and constant block delta mechanic.
• Configured EVM genesis parameters.
• Updated Hyperion-seq for enhanced sequence generation and database processes.

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Telos Wallet

• Addressed issues with currency input, authentication, and NFT media display.
• Enhanced OpenIdAuth class, updated PostCSS dependency, and fixed landing page issues.

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App Telos Native & API Telos Net

• Improved consistency across applications with PostCSS dependency update.
• Implemented total staked feature and upgraded API and Axios versions.

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Teloscan

• Enhanced functionality, fixed bugs, and improved error handling.
• Upgraded PostCSS library and enhanced UI elements.
• Enabled support for 1155 ABI and improved wallet address change handling.

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Open Block Explorer

• Improved UI, added fallback options, and streamlined operation in single-chain mode.
• Updated logos, favicon, and enhanced memo display.
• Updated token list.
• Addressed various bug fixes, code cleanups, and optimizations in multiple components.

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Current TCD Team Priorities

• EVM 1.5 Development.
• Telos-Bridge Improvements: Base USDC Support, Testnet Support, OFT Support, OFTNative Testnet for TLOS..
• EVM 2.0 Progression.
• Governance Change backlog progress

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Conclusion

The TCD’s current priorities indicate a clear roadmap for future developments, aimed at further elevating the Telos network's functionality and user experience.

To explore repos being actively worked on, maintained or being explored by the TCD visit: https://github.com/telosnetwork