Horizon Protocol V2 Successfully Deployed onto Mainnet
We are thrilled to announce the successful deployment of Horizon Protocol V2 onto the BNB Chain mainnet! This marks a significant milestone in our journey, and we appreciate your unwavering support.
The deployment process took approximately 14 hours, triple the initially estimated time, primarily due to technical issues faced by our multisig provider, safe.global, at the onset of the deployment. Despite experiencing frontend delays for sign transactions, we are pleased to report a successful deployment with no data loss or impact, except for the extended timeframe.
Ongoing Optimization Post-Deployment:
We are currently addressing issues with subgraphs, which require time to sync up data from April 2021 to the present. This results in missing data on the website. The historical data will gradually appear on the frontend over the next few days.
Acknowledging concerns about gas issues, we are actively working on a solution. The current gas-intensive functions during Mint + Burn functions will be moved off-chain, significantly reducing transaction gas costs for users. Our dedicated team is working on implementing these changes promptly.
Below is a summary of what’s new for the deployment:
- Debt Shares: simplified debt tracking.
- Liquidation Mechanism: versatile liquidation mechanism.
- Automated Debt Forgiveness: all stakers benefit from earned fees regardless of weekly activity.
- Dynamic Exchange Fees (spot): eliminating oracle delays and enabling swaps between any zAsset.
- Improved Transaction Confirmation System: experience a significant (5–10x) boost in speed and efficiency.
New Unified Design:
Say goodbye to switching between websites. Trade, stake, hedge, and diversify your portfolio — all in one convenient place!
Coming soon on Mainnet! Unlock futures trading with advanced risk management tools, including stop-loss and limit-order. Currently accessible on testnet.
Get ready to trade the Real Economy with Horizon Protocol 2.0!
Horizon Protocol is a DeFi platform that facilitates the on-chain trading of synthetic assets that represent the real economy. Horizon Protocol seeks to provide exposure to real-world assets risk/return profiles via smart contracts on the blockchain.
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