GM Avalanche
For over a month, the team at Crypto Factor Labs has been focused on Avalanche. This includes enhancing the new version of our execution layer, deploying InterChain, and progressing with new protocol developments. While Crypto Factor has already shared some information, this post will provide an overview of the key technical details.
AVAX and InterChain Mainnet
We have successfully deployed a partial chain on
@avax, connecting it to the Crypto Factor InterChain mainnet. Running an InterChain partial chain allows us to deploy and integrate our infrastructure while extending existing ecosystems.
Avalanche is the fourth blockchain connected via InterChain and the first added after the Anchor fork. This fork enabled lighter, faster confirmations, allowing InterChain to scale more effectively with a greater number of partial chains. Consequently, the AVAX partial chain manages its state independently of the rest of the InterChain network and benefits from low-cost, rapid transactions.
Following the Anchor update, we also halved the target block time and block confirmation times, resulting in 30-minute blocks with 15-minute confirmation times when fully saturated.
CFR and CFEL v2 on AVAX
After successfully deploying the partial chain on Avalanche, we began implementing the Crypto Factor Execution Layer. AVAX is the first blockchain where the v2 infrastructure is being deployed on the mainnet, starting with the token and distributor templates necessary for CFR token deployment.
Some improvements made to the simple token ecosystem template in v2 include:
- Tokenomics that no longer require external state calls, reducing gas usage and eliminating the need for external call management.
- Like all v2 templates, tokens now offer metrics and state interfaces for easy backend indexing and real-time analytics.
- A focus on distributor-based tokenomics, simplifying transfers and lowering token transfer costs.
Notable improvements to the simple distributor template introduced in v2 include:
- Distribution now occurs with a single smart contract call, eliminating partial states and simplifying management.
- The distribution process is now structured as an execution tree, where each node forwards or consumes the payload. This can all be audited on-chain, resulting in a more transparent and stable process.
- The Distributor service is now a subscription service running on the Crypto Factor relay protocol, with operational fees covered by CFR.
With the first set of v2 services implemented on AVAX, we successfully deployed the CFR token, which is now awaiting the token bridge's public launch. This will enable InterChain transfers, and we expect to make the bridge available to the public in the next 1-2 weeks.
New Protocols
Crypto Factor has announced the development of two new protocols focused on real-world assets (RWA), which will be deployed on AVAX using v2 infrastructure: one for building lifecycle-based digital assets and another for managing tokenized assets, such as carbon credits.
We will provide more detailed technical information about both protocols in separate posts in the coming days.
As always, we look forward to seeing you all on-chain.