DLUX Show Don't Tell

It's Picture Time!

Multi-Signature is Here was my last post, and while it did exceptionally well here, reading thru the comments shows just how out of touch I am with explaining what we're working on. Our team ( @markegiles & @psorigins ) has been hard at work building the User Interface and designing the experience we believe you'll enjoy and understand. That said, it's a process and one that can never be complete with out your feedback. At the bottom of this post will be a link to our discord, and of course comments are always welcome.

Let's jump right into the meatiest part of what Multi-Signature means for layer 2 DAOs like DLUX.

We now have a DEX that functions much like a traditional exchange. This is absolutely a revolution when it comes to Hive. There is of course Hive-Engine, which can be audited, but still relies on an internal peg which only has one key authority and is therefore not a DEX. Even most of the projects on Ethereum utilize external exchanges to market their tokens, many of them CEXs. DEXs like Uni to Pancake Swap... These liquidity pools can cost hundreds of dollars to use, and there's no guarantee your transaction will even go through. This barrier to entry presents one of the biggest hurdles to mass adoption in the space. Where we cut out middlemen like brokerages and banks, we just replaced them with miners. Robinhood and Etrade are still preferable IMHO. Well, until now:

Our DAO now operates a decentralized wallet. When you send Hive or HBD to @dlux-cc it will match your memo information to dex transactions or NFT sells. It will then send that Hive/HBD to the correct accounts. Since we operate our own wallet, there's only a 0.1% transaction fee(DEX) which is distributed to all our consensus node operators, and primarily discourages wash trading. There is no fee to buy NFTs, or to purchase tokens from the ICO.

Viewing and sorting your open orders is also a breeze, with the remaining amounts displayed. Cancel at anytime.

In the top left this indicator will let you know where DLUX is at processing the last immutable block. Since hive has 3 second blocks, 17BBH means you'll likely be waiting 51 seconds for confirmation on your order. We consider 17-25 healthy and if this number get's much bigger than 30 the node will try to stream blocks from a different API, if it's not present or bigger than 100 consider the node offline, or in a replay state.

A tremendous amount of thought and effort has gone into the security and execution of our new features, it's certainly a process. Let's get into some fun stuff!

@lordbutterfly has put together a compelling homage to some of Hive's most recognizable accounts. Very soon these will be defined and sold via our decentralized wallet (Thursday 🤞 ). On the technical side of things I've been building and testing a few smart contract features. I'll leave it to him to discuss some of it but in his Announcement Post a trading fee dividend was discussed. To support this I built a dividend contract that can be permanently attached to a NFT set. To fund this contract Royalties are now mutable by the owner... which means not only can you fund a dividend contract(permanently) you can sell your royalties to another account, or multiple accounts, or only 40% of them.

In the near future this might give way to a secured lending contract. Get 1000 Hive loan, that will be paid back with set royalties or you can buy them back sooner to avoid paying the agreed interest. There is just so many possibilities with our DAO structure... we're very excited for the future.

As you can see above Hive and HBD buys are working on our NFT section, and our DLUX founders set (with a 100 DLUX melt value) are now for sell. Below you can see that the purchases are distributed to both accounts, and (since I was the one testing) an overpayment refund was bundled with other transactions. This bundling comes in most handy when you sell large amounts of DLUX and several orders partial fill.

There are still about 400 'bz' NFTs airdropped for HiveFest that have yet to be opened. If you haven't recieved one yet, we've still have over 9000 to distribute to active accounts. So stay active and you're likely to get lucky when we find our next airdrop metric.

There's a lot more ways to support our work than voting on this post. From voting for my witness to discussing features on discord... or even getting your hand dirty with a PR on github.

• Vote for my Witness - Hive Signer
• Join us on Discord
• Visit Github