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Exploring t3rn Protocol's Open-Market Orders and Executor Strategies

Unveiling the t3rn Modular Protocol Rollout Roadmap

Hey — It's Maciej,

Welcome back to another exciting edition of Multichain Matters, where we delve into the latest developments shaping the landscape of decentralized cross-chain interactions. This month, we're thrilled to present a comprehensive overview of the b3rn testnet launch progress and explore the intricacies of Open-Market dynamics between users and executors within the t3rn protocol.

Estimated read time: 4.10 minutes, 5.4 for those who take it all in at a leisurely pace.

Summary:

🧭 Unveiling the t3rn Modular Protocol Rollout Roadmap.

🛠️ Exploring t3rn Protocol's Open-Market Orders and Executor Strategies.

🛡️ A Comprehensive Guide to t3rn's Security Audits.

🌟 Galxe: t3rn Pre-Launch Campaign.

🪂 Insider's Guide to Crypto Airdrops: Securing Free Tokens in 2024.

📈 March Investors newsletter.

🧭 Unveiling the t3rn Modular Protocol Rollout Roadmap

We've chosen a phased approach for the deployment, taking careful steps to ensure that with each stage, the platform becomes more secure, functional, and welcoming to new users.

In this blog post, we walk you through each phase of the t3rn protocol's release, explaining why we've designed it this way. Our strategy isn't just about rigorous testing and refinement; it's also about growing our community. By gradually introducing new features and incentives, we aim to build a robust user base that feels part of our journey. We want to make sure that every new addition enhances your experience and encourages deeper engagement.

Let’s dive into how each step is crafted to foster adoption, engage you as a user, and solidify t3rn's role in the blockchain ecosystem. Stay tuned as we embark on this exciting journey together!

Tech Update

🛠️ Exploring t3rn Protocol's Open-Market Orders and Executor Strategies

t3rn protocol is designed to facilitate seamless cross-chain transactions. Users parametrize the deal details by specifying the max reward in reward asset to leave in the escrow remote order contract on the source chain for the expected amount in amount asset to be delivered to the destination chain. This functionality, akin to an intent mechanism, empowers users with unparalleled flexibility and control over their transactions.

In the realm of decentralized transactions, the concept of an Open-Market takes center stage. Dynamic marketplace where executors engage in a bidding process to optimize rewards and asset allocations. As users send out orders, they can anticipate their maximum reward being subjected to competitive pressures, driving down costs while ensuring profitable ratios between rewards and destination assets. For executors, the challenge lies in striking a balance between maximizing profits and satisfying user demands, all within the framework of seamless cross-chain settlements.

Empowering Users with the Pricer API

We've recently migrated all user-facing services to utilize the standardized Pricer API.

This innovative tool offers users a suite of handy routes to estimate the order rewards based on desired asset amounts on different chains, and vice versa. The Pricer API takes into account various factors, including the minimum cost of delivery to the destination chain, additional tips to incentivize executors, and profit spreads—all essential components in ensuring fair and efficient transactions.

Behind the scenes, this integration leverages the Ankr multichain API, seamlessly interfacing with decentralized exchanges (DEXs) deployed across destination chains. This unified approach not only enhances user experience but also fosters greater synergy between executors and users, driving innovation and efficiency across the board. The Pricer API is publicly available for the users to provide insight into decisions the services have made.

Deciphering Executor Strategies: The Backbone of Efficient Transactions

In the dynamic landscape of decentralized finance, the role of Executors is paramount. Leveraging a sophisticated assessment mechanism, Executors evaluate deals based on their pre-defined portfolio strategies to determine their feasibility for publication. By analyzing factors such as account balance at the time, estimated costs of execution, and market pricing information, Executors meticulously weigh the potential rewards against associated risks. Through custom parameters such as overpay ratios and slippage tolerances, executors tailor their approach to meet user preferences while optimizing profitability and transaction efficiency.

A Comprehensive Guide to t3rn's Security Audits

Security is at the forefront as we near the launch of the t3rn protocol. Excited to share how t3rn collaborates with top-tier security auditors to ensure robustness across its multichain solution.

t3rn's innovative approach to blockchain interoperability relies on a meticulous security framework. We're proud to partner with Halborn, Security Research Labs, and Quantstamp, Inc., each bringing expertise to fortify different aspects of our platform.

Halborn secures our smart contracts, SR Labs ensures the integrity of our Substrate-based codebase, and Quantstamp strengthens our bridges for seamless cross-chain transactions.

🔗 Read more about our security collaborations and commitment to continuous improvement:

🌟 Galxe: t3rn Pre-Launch Campaign

Let's kick off a new t3rn community campaign, brought to you in collaboration with Galxe, to celebrate a significant milestone on our roadmap: our protocol security audits!

Each month we will launch a new campaign. The goal of these campaigns is to reward our community members for their contributions to the t3rn ecosystem. Your contribution through these campaigns is essential and we want to make sure you are rewarded for it.

For this campaign, the prizes include Galxe points, an On-Chain Achievement Token (OAT), and a prize pool of $2000 in USDT, which will be shared by 40 lucky winners. Make sure you claim your points and OAT to join the raffle for the USDT. 

🔗 Read more about the new campaign:

🪂 Insider's Guide to Crypto Airdrops: Securing Free Tokens in 2024

In this guide, you'll discover the A to Z of crypto airdrops—from what they are and how they work, to how you can spot and participate in the good ones ;) Whether you're a complete newbie or have a bit of knowledge, we will walk you through every step with easy-to-understand examples and tips. Plus, it contains insider secrets on how to maximize your gains from airdrops while minimizing risks.

This guide is perfect if you want to understand everything about crypto airdrops, clear, and straightforward insights without the technical overload. 

P.S: There’s a free downloadable checklist for Evaluating Airdrops inside the blog.

📈 March Investors newsletter

Emphasizing our commitment to transparency, I am excited to extend the sharing of our monthly Investors Newsletter with our community members! Previously exclusive to investors, this newsletter is now accessible to all Multichain Matters subscribers.

Take advantage of this opportunity to delve into the March edition. Simply click the link below to explore the report, segmented into sections and topics.

As we draw this edition of "Multichain Matters" to a close, I'm eager to hear from you directly. What's on your mind these days? Are there any particular topics or trends you're itching to explore, especially within the innovative space we're cultivating at t3rn? Don't hesitate to drop me a note at X—your insights help steer our journey.

Your engagement and interest fuel our mission at t3rn, motivating every stride we take toward advancing interoperability.


Thank you for being such a vital part of our community.

Warmest regards,
Maciej Baj
Founder and CTO of t3rn