Your daily distillation of crypto news for Thursday, January 24, 2019:
Kyber's New Reserve Type
Yesterday, engineer Anton Buenavista posted on Medium that Kyber has developed the Automated Price Reserve (APR) to further grow its reserve network. The APR was designed to allow entities with larger token holdings, such as token teams, to provide liquidity to the Kyber ecosystem without needing to invest in extensive technical resources.
The company's first reserve type, the Fed Price Reserve, was created to enable groups to bootstrap liquidity on Kyber. However, managing a Fed Price Reserve requires maintaining an off-chain server to push prices on-chain, a process that involves a steep learning curve and high development costs. Unlike the Fed Price Reserve, though, the APR calculates conversion rates via an EDCC (aka smart contract), which means teams can circumvent the above costs.
Kyber admits, however, that the APR comes with a trade-off: Liquidity providers will not have as much control over the pricing algorithm due to the contract's automated rate conversion. Further, although the APR does not require the same maintenance costs associated with the Fed Price Reserve, there are higher upfront costs due to the inventory of Ether and tokens necessary to perform such automated market making.
The team behind Guesser, the forthcoming interface for Augur prediction markets, tweeted that its platform will launch on mainnet on Tuesday, January 29. The initial release will only be open to the first 1,000 signups.
Guesser aims to simplify prediction markets. The team maintains that non-technical users will be able to buy and sell outcomes with only three clicks.
However, it's best for users to research whether Augur and other prediction market sites are legal to use in their jurisdiction – and for what purposes.
Aragon Governance to the Max
The first vote under the recently ratified Aragon governance proposal process began on January 24 at midnight UTC. Holders of Aragon's native token, ANT, can vote yes or no on nine Aragon governance proposals (AGPs) for 48 hours, after which the results will be locked on the Aragon voting app.
This vote comes after an almost two-month period wherein community members could submit AGPs for consideration. Twelve proposals were originally submitted, though the Aragon Association only approved nine of them. The Aragon team assures token holders that participating in the vote will not transfer any ANT from their wallets.