Offshift July AMA Recap
The Offshift Dev Team hosted its July Live Telegram AMA on Thursday, answering a slew of community questions about the upcoming Offshift 2.0 launch.
If you missed the AMA, you can catch up in the Telegram, or read the transcript below. As always, ping us in the chat with any followup questions you might have, somebody from the team is always around.
Without further ado…
- Following that, you'll have the chance to ask your own questions live, and the team will answer three of them
- Last but not least, I'll announce four lucky individuals who will each win 200 XFT for their submitted questions. Three of them were pre-submitted, and one lucky person will win for their question asked during this AMA.
I’m trying to understand how the zkAsset flex fee will be determined. Is it true that every zkAsset will have a corresponding anonAsset, and the flex fee will be determined based on the current price of the corresponding anonAsset price? As far as I understand, for the flex fee to kick in, the asset in question needs to slip off its peg. But for this to happen there needs to be a market and market price, and for zkAssets there aren't any.
In the previous AMA you said that the zkAssets you will add, are the stable ones. My question is: what do you mean by stable? What are the conditions a certain asset needs to meet to be considered stable, since the whole crypto market is so volatile except for stablecoins? And can you give us some examples of assets that are in the add list?
By any chance, is it possible that private transfers with Offshift v2 will get cheaper than normal transactions?
Is the Merkle tree of balances produced on chain before being deposited to the rollup? If it's not the case, then what makes PureL1Rollup's setup censorship-resistant?
When using zk-SNARKs, transaction processing requires strong hardware setups. So, who's going to be responsible for running the operator node and the coordinator (if any)?
The sequencer/publisher does not have to do the proving for the contents of each transaction, only verifying the user's submitted proof. Recursion allows us to avoid having to repeat proving work, splitting the bulk of the proving cost between the actual users of each individual batch.
On Offshift v2, is there a similar 0.05 ETH deposit needed as on v1?
It was mentioned by one of the devs that costs will be reduced by up to 70% between confidential assets. How much will it be reduced approximately when minting confidential assets from XFT?
Hi team, how far is v2 from the original Offshift zk plan? Is it the same, did you solve the problem or is it not quite there yet? And if so, will you be working on it in the future?
For Offshift 2.0, are there plans to have a ‘test site’ to allow users to play about with shifting without committing real funds? If so, I would also think it would be good this time to keep a test site open (exactly in the same format as how the real one will operate) and run it in parallel when 2.0 launches. This will help new users and newcomers to understand the mechanisms and give confidence about using the real one.
Looking ahead to the future of Offshift v2, I'm curious about the roadmap and upcoming developments. Can you share any insights into the planned features or advancements that users can expect in terms of the privacy layer, synthetic assets, and the overall user experience within the Offshift ecosystem?
Three lucky questions will be selected and thoughtfully answered by one of the team members. Plus, one person who submits a question during this AMA will be rewarded with an exciting prize of 200 XFT! Don't miss out!
And the AMA live question winner is:
Congratulations! Please DM me an Ethereum address to receive your prize.