Haven Announces December 8th Hard Fork

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Haven Protocol will be conducting a hard fork on December 8, 2020 to implement a number of major upgrades.

The hard fork will upgrade Haven’s codebase to Monero v0.16, allowing for faster daemon performance and improved transaction verification.

These upgrades will also allow for the re-launch of the Haven Web Vault with complete functionality for xUSD conversions and transactions. An updated Haven Desktop Vault will also be released shortly after the fork is complete.

Regarding Haven’s fees: after extensive testing and community feedback, we’ve identified opportunities to further improve the Haven 2.0 fee structure announced in September. The hard fork will proceed without a change in fees. The existing fee structure has proven effective in preventing attacks and is essential to ensure Haven’s promise that “1 xUSD will always be redeemable for $1 worth of XHV.” We know that the high priority fee is prohibitive for some users, and this will be addressed in a future update.

Thanks to our growing community for their help in testing the new code over the last few weeks. Because of this extensive testing process, our team has been able to resolve a number of small issues to prepare the codebase for the fork.

In the coming days, we will announce a specific block height for the hard fork on December 8. The team is already in communication with Haven’s pools and exchanges to ensure a smooth transition.

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Ecosystem of private stable assets. Based on Monero. The world's first private stablecoin xUSD is now live.

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