I've been wanting to do this thread for a good period of time but haven't for some reason. But today is the day.
09 Aug 2023, 09:26
1/
I've been wanting to do this thread for a good period of time but haven't for some reason
But today is the day
It's a project that combines De-Fi, AI and smart swapping
This is the @HeraAggregator $HERA ๐งต
Let's dive into $HERA ๐
Same news in other sources
2Hera FinanceHERA #4452
09 Aug 2023, 13:34
Community Recap Series #3 ๐ง
"Silence is the sleep that nourishes wisdom."
- Francis Bacon
For a while now, the Hera team has been diligently working behind the scenes, and it is necessary to periodically inform the community about these efforts. Today, we will provide details about the topics we have been working on and our progress. Let's dive deep into what will make noise in the upcoming period!
Read more ๐
Community Recap Series #3. "Silence is the sleep that nourishes wisdom. - Francis Bacon.
Community Recap Series #3 ๐ง
"Silence is the sleep that nourishes wisdom."
- Francis Bacon
For a while now, the Hera team has been diligently working behind the scenes, and it is necessary to periodically inform the community about these efforts. Today, we will provide details about the topics we have been working on and our progress. Let's dive deep into what will make noise in the upcoming period!
Read more ๐ https://twitter.com/HeraAggregator/status/1689268432108191744
Hera FinanceHERA #4452
09 Aug 2023, 13:32
Community Recap Series #3 ๐ง
"Silence is the sleep that nourishes wisdom."
- Francis Bacon
For a while now, the #Hera team has been diligently working behind the scenes, and it is necessary to periodically inform the community about these efforts. Today, we will provide details about the topics we have been working on and our progress. Let's dive deep into what will make noise in the upcoming period!
โ๏ธ OFT Token Upgrade
One of our major goals is to make Hera network-agnostic, and to achieve this, we have adopted @LayerZero_Labs 's OFT technology. The new Hera Token model will be based on the existence of Metis and will organize the expansion processes to Arbitrum and beyond. Following deployment, we will provide a few mandatory updates; these will include the bridge, staking portal, liquidity management, and some other details.
We have completed tests for token contracts and communication models, encountering no issues. However, work is ongoing for the omni-staking model that will enable the stable operation of the staking portal on multiple networks. The process of migrating stakes across networks presents a bit of complexity, and we hope to address this issue promptly.
Our initial plan is to expand Hera Token to Arbitrum first, though the expansion process may vary alongside Hera's development steps. After completion, you will be able to use, stake, or bridge your $HERA on both the #Metis and #Arbitrum.
โ๏ธ Mantle Launch
The launch of Hera Dex Aggregator on @0xMantle is just around the corner. All necessary UI updates and pathfinder configurations have been completed. We are only waiting to launch a few dex protocols shortly and integrate them to kickstart the process. The network's volumes and liquidity distribution have reached the desired level, which is truly exciting.
Furthermore, as you are aware, our partnership with Mantle extends beyond protocol expansion. This incubation center will be the birthplace of interchain processes and will nurture many revolutionary initiatives.
โ๏ธ Pathfinder Upgrade for Hera v3
The most exciting and critical upgrade for our protocol, Hera v3, is not merely a few updates in the code. It encompasses the entire interchain model, cross-network communication protocols, and all core/AI models. In this regard, we have decided to rewrite the entire pathfinder model from scratch; we have reduced our reliance on Python to 25% and transitioned to Rust and low-level langs for some areas except AI. However, unlike other aggregator protocols, Hera embeds the calculation formulas of integrated dex protocols in its core. This means that the 37 different formula scripts that are currently integrated will need to be revamped. At this point, we have completed over 50% of this task.
The two most significant issues for Hera are response time and sustainability, which are intertwined. The off-chain pathfinder model is a hub for AI, RPC, listener, fetch data, HCA, price API, GraphQL, and many other side-products. In the current conditions, the language update will entail numerous off-chain upgrades. This is an essential and urgent problem for us, and the initial indications are positive.
Additionally, we continue to hold meetings with experienced engineers from @awscloud regarding Interchain and our AI-powered model. We are charting roadmaps on how to address the significant workload in a cost-effective manner. This roadmap includes instance architecture, CPU/GPU compatibility, serverless solutions, load balancers, auto-scaling, local RPC, optimizers, and more.
If Hera had a model that prepared routes through APIs, it might be fast but inefficient, like other projects. We are different, and revolutionary initiatives can be genuinely challenging. Regarding the v3 upgrade, we are not yet ready to provide more details. As we make progress, we will share more in-depth announcements on this topic.
โ๏ธ SDK Upgrade
We will make the Dex aggregator protocol compatible with many external wallet applications, DeFi protocols, onramp solutions, or market maker bots. This protocol is the most crucial product that directly influences the network's volume and revenue. Therefore, it is one of our priorities.
However, for the SDK upgrade, we will need the final version of the pathfinder modules that we will use in the v3 upgrade. Yes, we are excellent at output rate, which we have confirmed many times, but as long as the response time issue persists, the SDK will remain a useless tool. Hence, we are cautious about this matter and aim to make the final product flawless.
Currently, we are changing the entire swagger API structure, the calldata model, and the response data components. The SDK will be updated to provide not only the output rate but also the entire route. This will pique the interest of any protocol wishing to integrate Hera.
โ๏ธ Research
Almost every day, new protocols are being launched on the blockchain, and some projects are providing products that touch on Hera's use cases. In this context, we are researching many protocols, identifying use cases for Hera, and conducting compatibility studies. We continue to conduct in-depth research on LayerZero, Chainlink, Metis, Mantle, Eigen, Woo, Parsiq, The Graph, Seda, Stargate, Autonolas, Axelar, and many other protocols.
Furthermore, we are researching secondary products that align with Hera's future goals and affect protocol revenue. Utilizing Hera's revolutionary AI model, we can build new projects in various categories and contribute to the growth of our ecosystem. This includes topics such as cross-network arbitrage and the use of a customized pathfinder for high-value swap transactions.
๐ฉ Message from the Team
We extend infinite gratitude to our community, who believes in us and supports us in nearly every aspect. Their support motivates us and enables us to work better during these exhausting development processes. Our goals remain unchanged; we are building a protocol that will be the flagship of DeFi with our Interchain product, as we set out at the beginning of this year. Our fight in this matter is sacred! Please remember that the improvements we are making are not simple tasks and are composed of numerous product combinations. Although it challenges us, the outcome will remain unchanged: Hera will achieve this!
Thank you for being a part of the Hera community!
Community Recap Series #3. "Silence is the sleep that nourishes wisdom. - Francis Bacon.
Community Recap Series #3 ๐ง
"Silence is the sleep that nourishes wisdom."
- Francis Bacon
For a while now, the #Hera team has been diligently working behind the scenes, and it is necessary to periodically inform the community about these efforts. Today, we will provide details about the topics we have been working on and our progress. Let's dive deep into what will make noise in the upcoming period!
โ๏ธ OFT Token Upgrade
One of our major goals is to make Hera network-agnostic, and to achieve this, we have adopted @LayerZero_Labs 's OFT technology. The new Hera Token model will be based on the existence of Metis and will organize the expansion processes to Arbitrum and beyond. Following deployment, we will provide a few mandatory updates; these will include the bridge, staking portal, liquidity management, and some other details.
We have completed tests for token contracts and communication models, encountering no issues. However, work is ongoing for the omni-staking model that will enable the stable operation of the staking portal on multiple networks. The process of migrating stakes across networks presents a bit of complexity, and we hope to address this issue promptly.
Our initial plan is to expand Hera Token to Arbitrum first, though the expansion process may vary alongside Hera's development steps. After completion, you will be able to use, stake, or bridge your $HERA on both the #Metis and #Arbitrum.
โ๏ธ Mantle Launch
The launch of Hera Dex Aggregator on @0xMantle is just around the corner. All necessary UI updates and pathfinder configurations have been completed. We are only waiting to launch a few dex protocols shortly and integrate them to kickstart the process. The network's volumes and liquidity distribution have reached the desired level, which is truly exciting.
Furthermore, as you are aware, our partnership with Mantle extends beyond protocol expansion. This incubation center will be the birthplace of interchain processes and will nurture many revolutionary initiatives.
โ๏ธ Pathfinder Upgrade for Hera v3
The most exciting and critical upgrade for our protocol, Hera v3, is not merely a few updates in the code. It encompasses the entire interchain model, cross-network communication protocols, and all core/AI models. In this regard, we have decided to rewrite the entire pathfinder model from scratch; we have reduced our reliance on Python to 25% and transitioned to Rust and low-level langs for some areas except AI. However, unlike other aggregator protocols, Hera embeds the calculation formulas of integrated dex protocols in its core. This means that the 37 different formula scripts that are currently integrated will need to be revamped. At this point, we have completed over 50% of this task.
The two most significant issues for Hera are response time and sustainability, which are intertwined. The off-chain pathfinder model is a hub for AI, RPC, listener, fetch data, HCA, price API, GraphQL, and many other side-products. In the current conditions, the language update will entail numerous off-chain upgrades. This is an essential and urgent problem for us, and the initial indications are positive.
Additionally, we continue to hold meetings with experienced engineers from @awscloud regarding Interchain and our AI-powered model. We are charting roadmaps on how to address the significant workload in a cost-effective manner. This roadmap includes instance architecture, CPU/GPU compatibility, serverless solutions, load balancers, auto-scaling, local RPC, optimizers, and more.
If Hera had a model that prepared routes through APIs, it might be fast but inefficient, like other projects. We are different, and revolutionary initiatives can be genuinely challenging. Regarding the v3 upgrade, we are not yet ready to provide more details. As we make progress, we will share more in-depth announcements on this topic.
โ๏ธ SDK Upgrade
We will make the Dex aggregator protocol compatible with many external wallet applications, DeFi protocols, onramp solutions, or market maker bots. This protocol is the most crucial product that directly influences the network's volume and revenue. Therefore, it is one of our priorities.
However, for the SDK upgrade, we will need the final version of the pathfinder modules that we will use in the v3 upgrade. Yes, we are excellent at output rate, which we have confirmed many times, but as long as the response time issue persists, the SDK will remain a useless tool. Hence, we are cautious about this matter and aim to make the final product flawless.
Currently, we are changing the entire swagger API structure, the calldata model, and the response data components. The SDK will be updated to provide not only the output rate but also the entire route. This will pique the interest of any protocol wishing to integrate Hera.
โ๏ธ Research
Almost every day, new protocols are being launched on the blockchain, and some projects are providing products that touch on Hera's use cases. In this context, we are researching many protocols, identifying use cases for Hera, and conducting compatibility studies. We continue to conduct in-depth research on LayerZero, Chainlink, Metis, Mantle, Eigen, Woo, Parsiq, The Graph, Seda, Stargate, Autonolas, Axelar, and many other protocols.
Furthermore, we are researching secondary products that align with Hera's future goals and affect protocol revenue. Utilizing Hera's revolutionary AI model, we can build new projects in various categories and contribute to the growth of our ecosystem. This includes topics such as cross-network arbitrage and the use of a customized pathfinder for high-value swap transactions.
๐ฉ Message from the Team
We extend infinite gratitude to our community, who believes in us and supports us in nearly every aspect. Their support motivates us and enables us to work better during these exhausting development processes. Our goals remain unchanged; we are building a protocol that will be the flagship of DeFi with our Interchain product, as we set out at the beginning of this year. Our fight in this matter is sacred! Please remember that the improvements we are making are not simple tasks and are composed of numerous product combinations. Although it challenges us, the outcome will remain unchanged: Hera will achieve this!
Thank you for being a part of the Hera community!