VOID Protocol — Progress Update 3
Firstly, we would like to give a big shout out to our amazing Void community. You guys have been so wonderful since the beginning of Void and we can’t express how grateful we are for all of your support. We wish you all a Happy New Year for 2022! We are super excited for what this year has in store for us and for the Terra Ecosystem in general. We know this is going to be a great year for LUNA and of course the Year of the Void 🌑
Development of Void Protocol has been progressing nicely, but not without hitting a few speedbumps and having to make small detours. The main topic of this update is to outline what these speedbumps have been and how they are going to impact our projected timeline.
We have been making great progress in a lot of areas of the build. Our developers at Void have been working harder than the government’s cash printers during Covid. We have nearly completed our front-end and UI, and our back-end devs are reaching important milestones in relation to Void token structure, gas relay mechanism, airdrop, and implementing Merkle Tree logic for deposit length calculations and reward distribution.
Void has known from the start that the use of ZK-Snarks (Zero-Knowledge Succinct Non-Interactive Argument of Knowledge) will be imperative to the trustless securing of deposits into the Void Anonymity Pools. Unfortunately, this is where we hit a speedbump. In our recent deployment attempts of ZK-Snarks on the Terra network, we experienced some issues implementing in the current framework of CosmWasm. ZK-Snarks are a crucial element to Void, and we need to overcome these hurdles to make Void a completely secure and trustless platform.
Luckily for Void we can see the light at the end of the recently-created tunnel, as our lead dev and our admin team are in a group chat with some of the TFL devs and are hoping to be working with them to implement a ZK library functional in CosmWasm.
Given the increase in scope of our project, it would be unfair not to adjust expectations within our faithful community. The uncovering of this framework issue has led to the team at Void needing to reassess our timelines. As discussed in our previous update, we have always intended to launch in Q1 2022, ideally earlier rather than later. However, we must now accept that this is no longer possible with the workload we now have ahead of us.
Now that we have to rely on more than just the work output of our Void devs, it is impossible to give an accurate estimate of our launch date. We also still intend to ensure the code has been audited before going live on mainnet. Factoring in these variables, we are very confident that we will be able to deliver a finished product in Q2*, with a focus on having everything in for the audit at the very beginning of the quarter.
*Please note this is still not guaranteed but we will be completely transparent with the community on the expected timeframe and development progress.
Void Protocol x Orbital Command AMA
Later tonight for much of the world at 8pm CST, we will be joining Orbital command (https://twitter.com/orbital_command) for an AMA dedicated to Void protocol. This is an awesome chance to ask any burning questions you might have for us here at Void. It may already be clear to most but we do strive towards transparency between us and the community and we see these kind of chats as a great way to achieve just that. So we encourage all of our community to tune in and take part.
Finally, Void protocol is still very much committed towards putting together an NFT auction basket, with all proceeds to be contributed to charity fundraising hosted by Angel Protocol.
We would like to place a special emphasis on this now, as Void is currently in the process of gathering NFTs for the basket and would like to drum up some community participation. If you, or anyone you know is feeling generous and wants to contribute to the raising of charity funds for Angel Protocol, please get in touch! The team at Void Protocol will be contributing some of their own personal NFTs, and we are happy to contribute some Luna towards some higher-value NFTs if you’re not willing to part with them for nothing!
Send us a message on Twitter or Discord to get involved!