Haven Project Update: May 2021

New xAssets on Mainnet

This month saw the launch of the next phase of xAssets to Haven’s mainnet. This was another very important step forward to increasing network utility. The addition of multiple fiat currencies increases global awareness and allows users and businesses to integrate the Haven WooCommerce Plugin (now live) and accept multiple currencies.

  • – xAUD — Australian Dollar
  • – xCHF — Swiss Franc
  • – xGBP — British Pound
  • – xJPY — Japanese Yen

THORChain Integration Update

Work continues on integration with THORChain and good progress is being made with several major steps now complete on mocknet, including:

  • Ability to deposit or withdraw XHV, xUSD or any xAsset liquidity to/from any pool.*

Woocommerce Plugin

Following feedback from WordPress and testers, a range of updates were required to the Haven Payments Plugin. These have now been complete and the plugin is now available to any Wordpress users, via:- https://en-gb.wordpress.org/plugins/haven-payment-gateway/

The Path Ahead

As the project continues to grow and evolve we have now laid out the plans to strengthen and further decentralize the project. Having successfully gone through the launch and startup phases we are now focused on growth and adoption. All the details can be found here: https://havenprotocol.org/2021/04/29/the-path-ahead/

Foundation

Forming the backbone of the ‘Path Ahead’ plan, the Haven Protocol Foundation exists to serve the project’s needs from both a financial and growth perspective. Discussions are currently ongoing on the best way to achieve this and to set up the foundation’s structure and membership accordingly.

Vault Updates

All Haven vaults including CLI, Desktop and Web have undergone major architecture upgrades and are now available with support for all available xAssets. Links to all vaults can be found here: https://havenprotocol.org/products/

Network Usage Snapshot

Total network activity correct as of 30th may 2021:

  • Number of XHV<>xUSD conversions = 5,900
  • Number of xAsset transactions = 746
  • Number of xAsset conversions = 1,792
  • Sum of XHV<>xUSD conversions = $158,584,270
  • Sum of xAsset conversions = $182,671,737
  • Total Network Value (TNV) = $170 Million

Edge Wallet Integration

Integration with Edge wallet is ongoing but has been paused whilst dev focus is on completing the THORChain work. We’ll keep everyone updated as this progresses.

Marketing

PR and Editorial

Community

As always it’s been a great month for community growth and project contributions.

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