Hi all, we will deploy a v4 of Phiat with additional safety measures.
18 Jan 2023, 18:57
Hi all, we will deploy a v4 of Phiat with additional safety measures. We have confidence now that this will make our version of Phiat much safer than Aave V2 and even superior to Aave V3 in some ways. We will explain the technical aspects of these in the coming days. I’ve asked Dev 1 to do a write up on what he has done to mitigate shortfall risk beyond what we have already done in V3. He will likely deploy first and do the write-up later.
These enhancements are essential in giving us the flexibility to list things like Hex and Hedron while also being able to be quite confident that we can manage the risk inherent to their volatility. We also believe this will come in even handier on pulsechain.
This V4 is very likely to be a final version according to dev 1. We will send it to audit. Launch on eth testnet and then launch a limited/private version on ethereum mainnet.
Timing wise Q1 looking quite good unless there are adverse findings in the audits (which given we have really only made things stricter is unlikely).
I have reiterated to the devs the importance of timeliness and and they fully appreciate it.
Balancing that though, I do want things to be done properly so I do encourage them not to cut corners which they also appreciate and I have told them that you all definitely would rather wait a little than have it done wrong.
If I had to guess I would say late February is looking very manageable. But that is just a guess.
As we get closer the rest of us will start to think about how we can get more users interested. We will start to do some calls etc.
While pulsechain delays are frustrating we have been using them to our advantage and we definitely be better for it from a PH Team perspective.