What is it?
The complete feature set needed as the foundation of the protocol. The Chainflip State Chain, FROST multisig operations, $FLIP management contracts, cross-chain witnessing and broadcasting functionality, Ethereum/EVM integration, and basic governance features are all included in this milestone. It is the base on which the swapping and liquidity functionality is built.
What does it mean?
The fundamental components of the protocol is feature complete. After two years of development, the focus has now shifted to the Automated Market Maker (AMM) and swapping functionality.
What is it?
Our first persistent testnet. Built on the shoulders of ‘Soundcheck’ — our previous testnet — we have an improved and robust validator network that enables us to test what our technology can do firsthand, at scale. It also allows us to test features and upgrades as we go along. Perseverance is the largest-scale public deployment of the FROST Threshold Signature Scheme to date.
What does it mean?
You can join us by setting up a node and interacting firsthand with the testnet validator network which is intended to be as close as possible to mainnet. While there are no immediate incentives to run a node, we are working on a very unique (and hopefully very fun) incentives program for this test network.
What is it?
A comprehensive security audit of the core protocol code has been completed. We have thought long and hard about Chainflip's protocol security and take it very seriously. This includes the State Chain and Chainflip Engine code — both needed to run a validator node — all our smart contracts, and the communication and cryptography protocols used.
What does it mean?
Security is a core value for Chainflip. You can contribute by joining our bug bounty competitions and other incentivised activities, but this comprehensive external audit by the very best in the business should demonstrate the high level of security and layered defence in the core elements of the protocol before they go live with real money.
What is it?
The MVP of the swapping functionality in our Perseverance testnet (0.8), supports native Ethereum, and ERC20 tokens on Goerli, BTC on the Bitcoin Testnet, and Perseverance Polkadot (pDOT). Swaps between these assets are powered by the JIT AMM for the first time on-chain. This milestone enables permissionless cross-chain swaps as a complete demonstration of the backend's core features.
What does it mean?
Our partners and supporters can use the Chainflip SDK to develop their own integrations ahead of launch, which will be an end-to-end test of all core protocol functionality and will inform additional features for mainnet deployment.
What is it?
The $FLIP token is being made available to a general audience now. You can read all you need to know about the token here.
What does it mean?
Our community members will be able to purchase $FLIP tokens for the first time. Stay tuned and sign up for announcements!
What is it?
Our validator auction system will finally go live on the mainnet. We bootstrap the network in anticipation of the official token launch allowing $FLIP holders to stake into validators straight away. Once everything is up and running, the Token Generation Event (TGE) takes place, where the token goes live and gets distributed to all recipients. To ensure the network can scale and have enough collateral staked across Validators, swapping and vaults will be disabled until real liquidity is secured.
What does it mean?
For the first time, the Chainflip network is entirely decentralised and autonomous after initialisation. Staking rewards will start as soon as the first auction is completed.
What is it?
Following mainnet and token launches, and successful in-depth testing on Perseverance, we will launch swapping and liquidity provider functionality on mainnet with additional features. We call this release ‘Berghain’ because the party will have truly started. This includes the initially supported assets (ETH, DOT, BTC, and more) by the Chainflip protocol and also all other assets by external integrations with Aggregators thanks to native support for Cross-Chain Messaging (CCM) from day one.
What does it mean?
A smooth swapping experience that enables accurate pricing and low slippage for the assets powered by the Chainflip protocol but also offers all other assets via Aggregators. Everything you need in one place.
* Image displayed is just a prototypeWhat is it?
Following our product launch, the strategy is to keep supporting more chains to eventually cover the biggest spot markets — especially underserved non-EVM chains. The decision on which chain should be next is based on market demand but also on integration complexity. Public governance processes will guide this conversation as well.
What does it mean?
The more chains in the top spot markets are supported by the Chainflip protocol, the more volume the protocol wins, and the better the overall experience.
What is it?
Include the most trusted and widely adopted wallets (hot and cold) in the market to expand the reach of the protocol to help users achieve their goal of efficient on-chain swaps.
What does it mean?
These integrations will bring significant volume to Chainflip, and therefore also strong liquidity as well, with more liquidity providers getting in on the action.
What is it?
By utilising the Cross-Chain Transfer Protocol (CCTP) and our low-gas protocol architecture, we upgrade the network by including an Auxiliary chain. This chain will dramatically decrease gas fees incurred by users when conducting pre and post-swap routing between different protocols and ecosystems. $USDC routing through an auxiliary chain will cut down bridging costs by an order of magnitude.
What does it mean?
On top of excellent swap pricing and wide asset coverage, Chainflip advances its position in the market by cutting gas costs on common EVM chain interactions during pre and post swaps, making Chainflip even more competitive in the cross-chain landscape.
What is it?
Building on the native Cross-Chain Messaging (CCM) functionality, Chainflip allows developers to leverage the validator network to execute arbitrary code on behalf of users. This enables large degrees of automation and cross-chain interactions not present in current cross-chain messaging protocols.
What does it mean?
Chainflip becomes much more than a swapping protocol — although that is the best use case at the moment. Cross-Chain execution enables truly composable experiences only dreamt about in Web3, and Chainflip is one of only a few protocols technically prepared for it.
