Easy HNY xdai -> Mainnet bridge idea

What i like as an idea @willjgriff is to make synthetic rebase token on mainnet which will have cascade staking rewards as base protocol , they say it’s open source, name it Base Honey or bHNY and set it as separate token on Mainnet, then after the liquidity mining we can port it on xdai and farm paired with HNY. Not sure how the rebase should be set i guess it’s economic and artistic choice.

Are we able to look at their GitHub and get an idea of how close they are? They have few a PR’s but I don’t know exactly what all it takes to implement this and their last commit on Nov 8. What pressure can we apply? I reached out to what appears to be the two most active GitHub contributors on tokenbridge.

OmniBridge Phase 2

:dart: Target Date: Q1-Q2 2021 :ballot_box_with_check: Status: Security Audits Completed.

Additional features will be added including bi-directional support (ability to move tokens minted on xDai to Ethereum) and additional decentralization mechanisms (governance, additional validators, user-enabled signature execution).

Are we able to look at their GitHub and get an idea of how close they are?

good question. The work on the reversed OmniBridge is happening in a separate repository at the moment. We use this approach of decoupling to reduce security audits time and cost.

Reversed OmniBridge is our priority.

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Any idea on an ETA? We need to know if we should wait around, or start implementing something else.

ETA ~ 21 December. Stay tuned.

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Nice, Thank you. Good news for all bees.

I will circle back around on dec 22. I have set up an alarm. :blush::wink:

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hahahah I came here because I want to give HNY out to my friends and family for xmas
 (i pass out crypto every year) and I don’t trust them to check xdai sadly
 :-/

So I am very happy to hear this is in the works!

If this happens in time for CryptoSanta to deliver, I will be so delighted :smiley:

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Good marketing idea. I didn’t think about that

I’ve been doing it for every christmas since 2014
 my family has been very pleased with the results :smiley:

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Excellent news we should prepare the strategy and partnerships for DEFI.

The winter solstice is upon us. Any update @igorbarinov

Thanks in advance.

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Contracts for reversed OmniBridge are developed and deployed on our testnets. Which is the major milestone :white_check_mark:

We are working on the UI at the moment. Btw, you can sneak peek it on Kovan or Sokol if you are curious https://sokol-omnibridge.web.app/

Happy Holidays!

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@igorbarinov

Thank you so much for the update!

Congratulations for hitting the milestone! A lot of people will be interested to know when this goes live! - Can you make sure to let the community know before this launches so we can gear up our own #buzz/PR on this launch? We are also going to want to prepare our own HNY-xDAI liquidity pool on uniswap so more time would be better.

Thank you and Happy Holidays also!

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We are ready to shoot :slight_smile: we just need the bullets ( strategy ) I want us to make some good brainstorming on what we should and make to promote 1hive through Balancer,Uniswap or Sushiswap pool.

We need to finish the honeyswap landing page and ,wiki and celeste, if we could also fork aave it would be top notch and we also need to prepare marketing and fund alocations and maybe evem nfts for ads before hand 
 So i think we should discuss more.

A little off topic, but wHNY will be called “whiney” and we’ll be sorry that was the name we chose.

M for mainnet, mHNY would be much better imo because mHNY is money, which is consistent with our branding.

Working on the CoinMarketCap sheet this week.
If we do this, have more than one version of Honey, there will pages of extra sheets to fill out for each cex and it will be difficult to do.
It’s already overwhelming because cex applications, at least this one, are using private sale and ICO parameters and doesn’t really have descriptions that fit us in any of the dropdowns on the sheet.

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sure, the release of reversed OmniBridge will not be a surprise.

The new OmniBridge UI containing the functionality to send the ERC20 tokens from the xDai chain to the Ethereum Mainnet is almost on the final. We are expecting the reverse OmniBridge to be available in a few weeks.

Also, will need to make a security audit for changes in OmniBridge. Do you know any security auditors who have open slots at the moment? It’s quite hard to find.

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GREAT! Nice mask pic Igor!

I know Maker is having similar issues. They paid 40K to get the PSM audited. Any clue what budget is allocated and timeframe for an audit? Anyone I might know is jammed up and or claimed (i.e. groups with ongoing efforts are basically pre-buying auditor time/capacity as this is becoming a serious issue in the space)

1/ Reversed OmniBridge UI is finished by RaidGuild and accepted by us

2/ Contracts for OmniBridge AMB extension with Reversed OmniBridge hit the 1.0-rc checkpoint and ready to be audited https://github.com/poanetwork/omnibridge/releases/tag/1.0.0-rc0

We have enough budget. But we don’t have any available auditors yet.
Dear 1hive community if you know any auditors please ask them to contact us. :pray:

After the audit the UI will be deployed and contracts will be upgraded to support reversed OmniBridge
This will allow exit for HNY and other xDai based tokens to Mainnet via the same bridge.

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