Moon Rabbit Mainnet Node Docker Release

We are excited to announce that now you can spin up a full node of Moon Rabbit blockchain inside docker. 

If you’re building dApps or products on the Moon Rabbit network, you might want the ability to run a node-as-a-back-end. After all, relying on your own local infrastructure is always better than a remote one in this brave new decentralized world. 

Before that release, the only way to interact with  Moon Rabbit mainnet was an RPC endpoint. With this update developers are now able to have their own unlimited RPC endpoint. 

Docker image and technical documentation located here: https://hub.docker.com/r/moonrabbitaz/node

The Docker image is preconfigured and ready to use out of the box with zero configuration from the developer side.  

Developers can use this image to interact with Moon Rabbit blockchain directly. There are a lot of use cases of that interaction – dApps that need a high TPS for RPC, or indexing tasks. 

Using your own blockchain node instead of relying on a public Remote Procedure Call (RPC) service offers several advantages that can significantly enhance your blockchain experience. While both options have their merits, here’s why running your own node might be the better choice:

  • Decentralization and Trustlessness: Running your own node aligns with the core principles of blockchain technology – decentralization and trustlessness. By validating transactions and participating in consensus directly, you contribute to the network’s security and integrity, reducing reliance on a single central entity.

  • Security and Privacy: Public RPC services are potentially vulnerable to attacks and data breaches. Running your own node allows you to control the security measures, such as firewalls and access controls, ensuring a higher level of protection for your node and your interactions with the blockchain.

  • Data Ownership and Control: With your own node, you have full control over the data you access and generate. This can be crucial for privacy-conscious individuals, businesses, or projects that need to manage sensitive information.

  • Reliability and Availability: Public RPC services might face downtime or restrictions due to high usage or maintenance. Running your node guarantees that you can always access the blockchain data and services without being dependent on the availability of external services.

  • Customization: Public RPC services offer limited functionalities and might not support specific features or configurations you need. Running your node enables you to customize your setup to meet your requirements and experiment with new functionalities.

  • Resource Allocation: When using a public RPC service, you share resources with other users, potentially leading to inconsistent performance. Running your own node allows you to allocate dedicated resources, resulting in more consistent and predictable performance.

  • Network Insights: Operating your node grants you access to real-time network data and statistics. This information can be invaluable for understanding the network’s health, performance, and trends, aiding in decision-making and analysis.

  • Supporting the Network: Running your node contributes to the overall strength and resilience of the blockchain network. It enhances decentralization by adding more nodes to the network’s infrastructure, ultimately improving its long-term sustainability.

  • Developer Flexibility: If you’re a developer, running your node provides a platform for testing and debugging smart contracts and applications. You can experiment with various functionalities without the constraints imposed by a public RPC service.

  • Learning Opportunity: Operating your node is an educational experience that deepens your understanding of how blockchain networks function. You’ll gain insights into protocols, consensus mechanisms, and network dynamics that can be valuable for personal growth or professional development.

While running your own node offers numerous benefits, it’s essential to consider the associated challenges, such as initial setup, maintenance, and potential resource costs. However, the advantages of enhanced security, control, and participation in the network often outweigh these challenges for those seeking a more comprehensive and robust blockchain experience.

Hardware requirements for running nodes are not high. This node does not participate in network consensus and only sync blocks and make it blockchain state available via local RPC

Minimum system requirements:

  • 1 CPU,
  • 2GB RAM,
  • 20Gb of free space. 

Windows and Linux Docker distributions run with no additional setup. However, in case of trouble with Apple Silicon we prepared a solution:

Apple Silicon:

1. In Docker Settings -> General under the “Choose file sharing implementation for your containers“ subheading, select the VirtoFS option.

Docker - General settings

2. If you haven’t set Rosseta on your Mac, in your terminal run following command: softwareupdate --install-rosetta
Tip: You can skip the license agreement by providing an additional flag:
/usr/sbin/softwareupdate --install-rosetta --agree-to-license

3. Also in Docker Settings -> Features in development, check the option: Use Rosetta for x86/amd64 emulation on Apple Silicon.

Docker - Features in development

4. Run terminal to pull Docker image:
docker run --platform linux/x86_64 -p 30333:30333 -p 9933:9933 -p 9944:9944 -v /tmp/mv2:/moonrabbit moonrabbitaz/node

When you start the node for the first time, you will see a similar screen:

Here you will see
Chain specification: Moon Rabbit   

This is the Moon Rabbit chain. Node can run multiple different chains and you want to make sure that you downloaded the correct node

Role: FULL 

Nodes can have different roles. 

An archive node stores all previous blocks and their states, making it possible to query the chain’s history at any time. Queries such as finding an account’s balance at a particular block or which extrinsics caused a specific state change are quick when using an archive node. However, an archive node requires a significant amount of disk space.

A full node prunes historical states: all finalized blocks’ states are older than a configurable number except the genesis block’s state. This is 256 blocks from the last finalized one by default. A pruned node this way requires much less space than an archive node.

Another type of node is a light node. A light node has only the runtime and the current state but does not store past blocks and so cannot read historical data without requesting it from a node that has it. Light nodes are useful for resource-restricted devices. An interesting use-case of light nodes is a browser extension, which is a node in its own right, running the runtime in WASM format, as well as a full or light node that is completely encapsulated in WASM and can be integrated into web apps.

Node identity 

Local node identity is: 12D3KooWRaVrC84JfJYyJnjxyva5YmmvbyNgeyQkvJjepfZ7fCJY

This is a unique id just for your node. This is something that you need to know if you want clients to be connected to your node. At a low level our nodes utilize libp2p to connect between nodes and share new block information, etc. 

You can read more about it here: https://docs.libp2p.io/concepts/fundamentals/peers/

Next console contains some basic information about your machine. This is not important for the process, but will help make sure that the hardware is properly installed.

The next important lines for us are the following:

Syncing 295.7 bps
Target#10656209 (3 peers)
Best#63353 (0xd448…53f8)
Finalized #62976 (0xc2f8…c0ba)
Download⬇ 201.7kiB/s
Upload⬆ 0.7kiB/s

That describes the state of your node and status info. Here the node is in ‘syncing’ state, and has connections to 3 other nodes (via libp2p that was mentioned above). Blockchain contains  10656209 blocks and we now have 63353. Our syncing seed is 295.7 blocks per second.

Syncing is a long process and depends on your hardware. Usually it takes around one day to sync completely. 

Enhancing Network Reliability and Scaling the EVM Parachain

Mount Olympus is excited to share a few of the improvements that have been recently introduced to the Moon Rabbit network and to our Ethereum Virtual Machine (EVM) parachain that runs on the Moonbeam platform. The updates we are ready to announce in this blog not only strengthen our network’s reliability, but also enable us to continue to keep up with the ever-increasing demand for the foreseeable future.

Let’s dive right into these recent changes, the distinct benefits they bring, and ultimately – explain what they mean for the Moon Rabbit ecosystem moving forward.

Improving Network Reliability:

One of our primary goals at Moon Rabbit has always been to provide a secure and reliable environment for developers and users alike. To that end, the team has focused on the following optimizations in that area:

Optimized Consensus Mechanism: 

We have made tweaks to our consensus algorithm, resulting in faster block confirmations, and a more stable network environment overall. This particular improvement reduces the likelihood of network congestion and further ensures operation stability during periods of high traffic.

Enhanced Security Measures: 

We have implemented stricter security protocols, and added new layers of protection against attacks from malicious actors. These measures build upon the existing safeguards that have already been in place, and provide additional security guarantees to users’ assets on the chain.

Scaling Mainnet and EVM:

As the Moon Rabbit ecosystem continues to grow, it’s becoming increasingly vital to stay ahead of the game called “scalability”. With that in mind, we have made significant efforts to make sure our network can and will handle the increased demand without compromising neither performance nor security. Here are some of the key steps that have been taken towards that goal:

Hardware Resource Allocation:

To accommodate the growing number of users and dApps, we have significantly increased the server resources dedicated to the Moon Rabbit network. This allows us to process more transactions per second (TPS) and in turn enables the network to deliver a more refined experience to all parties involved – developers, as well as end-users.

Load Balancing Solutions:

To evenly distribute network traffic and minimize the risk of congestion, we have implemented advanced load balancing solutions. This approach ensures that our network can maintain optimal performance, especially when challenged during peak usage periods.

Parachain Interoperability:

By leveraging the Moonbeam EVM parachain, we are able to maintain a seamless connection with the wider Polkadot ecosystem. This interoperability allows us to tap into the resources available on other parachains, further enhancing the scalability and capabilities of our own network.

Network Monitoring and Alerting Enhancements:

In addition to the aforementioned improvements, we have also focused on upgrading our network monitoring and alerting systems. Now, we can proactively identify and resolve potential issues before they impact the users. Here are the key updates on that front:

Monitoring:

We have updated our integration with powerful tools that provide comprehensive monitoring and observability for the Moon Rabbit network. With improved data visualization and analysis capabilities, our team can now detect anomalies and anticipate performance issues with more precision, and as a result – react quicker to issues, providing a smoother and more stable network experience to all.

Optimized Kubernetes Resource Distribution:

We have fine-tuned our Kubernetes cluster to redistribute resources such as RAM, CPU, and storage space for both mainnet and EVM parachain. This includes doubling the storage space on our nodes to guarantee 100% uptime. These enhancements enable the network to handle increased transaction throughput and still maintain optimal performance.

Team Expansion:

To keep up with the rapid growth of the Moon Rabbit ecosystem, we have expanded our team by bringing skilled DevOps and blockchain engineers on board. Their vetted expertise, and combined experience, will let us to further improve our infrastructure and continue driving innovation in the blockchain space.

With our team expanded – and the recent network enhancements, we are well-equipped to support Moon Rabbit’s expansion and provide the best possible experience for our users and developers. These new tools will allow us to keep pushing the boundaries of what’s possible with blockchain technology, and enable us to continue driving the adoption of decentralized solutions across various industries.

Conclusion:

The recent improvements to the Moon Rabbit network and our Moonbeam EVM parachain reflect our commitment to providing a reliable, secure, and scalable environment for the entire community. As we continue to grow and evolve, we remain focused on enhancing our platform, your experience on it, and the means of support we can provide to address the growing needs of our users and developers.

With the aforementioned optimizations successfully implemented, and the network already enjoying visible improvements to stability, performance and security, our newly expanded team is at it again, working relentlessly on a new and exciting upgrade line that we plan to introduce to the chain in the upcoming update batch. Make sure to follow our social media to stay informed on these new developments as soon as they are announced, and don’t miss on what’s next in store for Moon Rabbit!

For now, we want to thank you – our passionate community, for your unwavering support, as well as for your time reading this blog. As it has become a tradition at this point, we invite you to join us on our ongoing journey towards a more decentralized and connected future. And see you all at the next announcement soon!

Moon Rabbit Main-Net Upgrades: Ahead of the Game

Keeping up with all development trends in the blockchain space has always been an integral part of Moon Rabbit’s mission and vision.

In this blog, we would like to touch upon three trends that we see emerge inside the Substrate-based ecosystem. Ones that we believe will come to play an important part in bridging the gap between the fast-growing spectrum of projects built on Substrate, and further prove instrumental in forming alliances and full-blown partnerships within that stratosphere. These are cross-consensus messaging, push for substantial optimization, and finally – permissionless staking pools, all of which Moon Rabbit is currently actively researching.

First, it’s cross-consensus messaging, and especially the universal languages that, together with various transport protocols, can enable the facilitation of secure and trustless communication back and forth between parachains – inside or outside the Substrate.

In this space, a clear move can be observed towards wider and more thorough support for bridging to external networks, improved fee payments for operations, NFTs, and APIs to query and invoke pallets on other chains. It’s a trend more and more projects are looking to capitalize on, and rightly so as the concept opens up many exciting possibilities.

Next, push for meaningful optimization, and one pertaining to scalability – specifically. The recent issues experienced by some of the largest blockchain networks, and infamously exemplified by the Solana case, are painting an ever clearer picture of the potential pitfalls facing projects failing to adapt and properly prepare their foundation as they grow. Any level of hesitance to face these challenges head on, as soon as they emerge, or better yet – simply anticipate them in the first place, can only further exacerbate a problem of this nature.

Lower latency, and greatly improved finality times for transactions executed on parachains – all sealed with a steel-clad promise of not reneging on any the previous security guarantees is just one example of this trend showing actual merit. Coupled with uninterrupted efforts to increase the amount of work every parachain can do, and commitment for continuous optimization of network performance – we believe this movement will be fundamental in shaping the future of the Substrate ecosystem moving on, and become a sort of benchmark separating genuine projects from the rest. The same very logic is applicable to Moon Rabbit Jurisdictions and appears especially relevant in anticipation of the launch of Archon – Decentralized Science Hub that will soon roll out its very own Jurisdiction on Moon Rabbit blockchain to benefit from next-to-zero data storage fees.

Lastly, permissionless staking pools, and how they can expand on the reach of the staking system in its current form is a question a lot of projects are asking themselves right now. Pools such as these would feature no apparent technical upper limit imposed on the number of them – or the number of participants, allowing for more nominators, especially smaller ones, to participate. 

These “infinitely scalable” pools, would not only enable users to permissionlessly create pools of stake which others can join, but the votes issued by these pools would also be automatically balanced across the validators which were nominated, and – with a possible fast-unstake feature implementation to the staking system, allow the migration of nominators who are not earning rewards to nomination pools.

These are the three recent trends that we can see emerge and gain substantial traction in the Substrate ecosystem. The Moon Rabbit’s team is deeply involved in the research into them and has set its sights on full-on implementation for all Jurisdictions. As we mentioned in the opening paragraph, these new developments will provide a slew of both new challenges to overcome and opportunities to build upon.

Moon Rabbit development team currently focuses on implementing these novel approaches with the view to deliver seamless user experience bearing in mind newly emerged industry standards and challenges. We invite all Substrate-based projects to join us in these efforts, and for the latter, we are more than excited to look forward to a future where the entire Substrate ecosystem becomes a single, living and breathing organism.With careful planning and execution, Moon Rabbit is firmly committed to stay ahead of the curve.

Metabridge Update V2 Coming Live

The Moon Rabbit team is thrilled to announce a notable upgrade to the Metabridge has been deployed. The latest update comes with a slew of bug and optimization fixes, as well as several new features and interface changes that have been implemented – in part following community feedback, and in part as a natural extension of the Moon Rabbit’s long-term vision. Let’s dive together into an overview of what exactly we can expect from the upcoming version of the Metabridge, and how this particular update plays into the overarching goal of transforming Moon Rabbit into a Multi-Chain Hub.

First, V2 brings fixes to the vast majority of bugs that had been encountered and identified with the community help in the previous version of the platform. Moving forward, the users will now have the ability to transfer native tokens from all connected networks, and the update itself goes even further than that, allowing for not only an easy way to bridge tokens between chains, for example – AAA from BSC to Ethereum, but also – and in a similar fashion, for bridging NFTs beyond just Ethereum. This newly added cross-chain support represents but a tip of Moon Rabbit’s continuous efforts towards achieving an ultimate network interconnectivity.

On the interface side, two important changes have been introduced to further improve on how the user-bridge interaction is being managed and to provide a more seamless and even experience for all parties involved. In the previous iteration, the interface would separate the same assets across different networks (e.g. AAA on Ethereum, AAA on BSC, AAA on Polygon), and the users needed to pick the right one from an excessively long list before they could proceed. This process has now been changed, and in V2 of the bridge the users simply pick the relevant asset and then select any of the networks available to it, which cuts down on the effort required from the users and simultaneously makes for a cleaner user experience overall.

The second interface update deals with Unfinished Flows, and specifically – with how the users can interact with and track transactions on the platform. After a series of thorough tests, the team decided to do away with the previously implemented solution – a simple, yet ultimately inefficient table format, and instead opted for a form. Now, the users can easily follow up and check the status of any transaction by simply entering a relevant tx hash. This change is meant to provide users with an readily accessible and streamlined way to check on incomplete transactions and allow them to instantly react to any issues in case of such scenarios.

While significant in scope alone, the fast approaching Metabridge Update V2 (with tentative date of Oct 4th) only scratches the surface of what’s currently in the works at Moon Rabbit. Riding high on the imminent bridge upgrade, the teams’ heated, internal discussions are showing no signs of subsiding any time soon, and are shaping up to take us to a number of new and exciting places.

Among these lively conversations are concept drafts for several major scalability improvements, which will lower latency, and vastly improve on finality times for transactions (all without sacrificing any of the previous security guarantees), as well as daily brainstorming sessions on how to further improve and simplify the developer experience on the chain thus allowing more projects to take advantage of Moon Rabbit’s highly-scalable Substrate nature. Following our plans for the future, the team is also actively looking into means of reaching deeper and more complex levels of cross-chain connectivity, and at the same time we continue to explore the fringes of innovative staking applications – with a clear aim to expand the reach of the current staking system through both a much more scalable and less restrictive pool structure as well as more robust and intuitive user interfaces that will allow wider participation.

Moon Rabbit remains committed to bringing its community the best possible experiences, and the team continues to work on developing new features that will allow the existing products to mature and evolve in surprising ways. As always, we welcome you all to keep a close eye for any and all upcoming announcements – here, on Twitter, and on Telegram.

Moon Rabbit DEX V.1.5 Launches!

V.1.5. Info Dashboard Brings Transparency and Analytics to DEX

We are pleased to launch an upgrade to our recently launched Moon Rabbit DEX in the form of Info Dashboard that enables transparency of trades and transactions overview, swapping statistics, infographics for charts and basic analytics to expand our DeFi functionality. This new addition can be accessed through a simple link in the header of the page – and it’s quite easy to miss, too, so let’s find out where it leads together.

The new link directs us straight to the meat of the latest update – the DEX Dashboard Info Hub. It’s a statistics page – Moon Rabbit Analytics, designed specifically to allow anyone to instantly retrieve relevant and detailed information regarding the current asset prices, token pairs on the DEX and liquidity. The analytics’ aim is to equip users with a clear and easily digestible set of data that will assist them in making the most of the available information as they interact with the exchange, and the page will not only act as a handy tool at first, but in time is set to become the central information index for the DEX and all the other linked products.

The statistics presented on the page are divided into two main categories: Tokens listed on the DEX and the Pairs of Tokens created on the DEX for exchange, with the information organized in a way to help users effortlessly understand which assets they can exchange on the DEX and at what price. The page also estimates fees obtained by liquidity providers in the past 24 hours (liquidity providers receive 0,25% from each exchange as a fee), and provides additional information regarding the turnover per asset, or pair of tokens, in the last 24h (up to 7 days for pairs). This abundance of data is made available for the purpose of increased transparency on the Platform, and the design team made sure that the way it is presented allows for a seamless and efficient use alongside the Swapping and Liquidity protocols.

It’s worth mentioning that all statistics provided – with the exception of the number of transactions, are evaluated in US dollars, and for the USD price calculation the pair with evaluated token and USDC is taken for reference. For example, the price of AAA is defined as related to USDC:

and taken from pair AAA-USDC:

Thus, for every new asset price discovery a pair with USDC needs to be created.

Thus, Moon Rabbit DEX V.1.5. Enables a Dashboard with analytics, statistics and charts – another useful suite of DeFi tools at your disposal as you traverse the expanding Moon Rabbit ecosystem. The DEX Dashboard Info Hub is an expansion that we hope ends up providing not only greater levels of transparency for all our users, but also grants them the ability to make more informed decisions and empowers their DeFi choices with meaningful and comprehensible information. The Moon Rabbit will continue to monitor this newest addition to the DEX and keep adding on top of it based on community feedback. Web3 Foundation LLC team are currently working on Moon Rabbit DEX V.2.0 in which we are striving to bring cross-chain compatibility to swapping process, maximising Moon Rabbit Metachain’s capacity to serve as the central hub for cross-chain Web3 activities. 

Not familiar with the Moon Rabbit DEX? See our previous blog post World’s First DEX on Substrate EVM is here where we outline the platform in detail, and stay tuned for more updates on our newest releases!

Moon Rabbit DeFi 2.0 Goes Live – An In-Depth Manual

Rolling Out the Moon Rabbit DeFi

2022 has seen some crazy-busy months for Moon Rabbit, and August is poised to be no different. This month marks yet another milestone event for the ever-growing Moon Rabbit ecosystem – the Moon Rabbit DeFi 2.0 Jurisdiction. Chock-full of features and thoroughly audited, let’s take a dive and look closer at what exactly the latest Moon Rabbit offering has for us in store, and what possibly could set it apart from the competition. Read the blog for the overview of all the features and dive yourself into the platform at defi.moonrabbit.com 

The protocol is more than ready to shake things up in the crowded DeFi space, boasting diverse trustless lending and borrowing functionalities, and at the same time featuring an innovative Adaptive Asset Pool Rewards system for all participating parties. Thanks to the Rust-based EVM Layer of Moon Rabbit, the platform not only flawlessly marries the concepts of security, familiarity and convenience, but also retains EVM compatible multichain interoperability, easily bridging the gap between the supplying assets on one chain and the borrowing ones on another. In a way, this allows the latest Moon Rabbit  DeFi 2.0. Jurisdiction to act as a gateway to a world of decentralized finance, and perhaps more importantly – an easy entry point for a large user base that would have otherwise remained stuck at the back of a queue somewhere. This, especially, is something that, in time is meant to become a golden standard for all the protocols to come. And we are more than eager to lead the way.

Moon Rabbit DeFi 2.0  democratizes access to its protocols, which translates into instant participation. It also boldly shifts the status quo – granting users total freedom and control over their choices, all in a truly decentralized manner, and, obviously, as with everything Moon Rabbit, the transactions cost next to nothing. Furthermore, the platform is set to become a decentralized hub for multitude of tradable assets on the chain, which not only means full integration with other existing and upcoming products, both internal and external, but also bringing in a slew of new tokens on board to do just that. The platform aims to continue adding new pillars to its infrastructure on a regular basis and together with the recently announced DEX expand on what’s already possible on the chain – an all-in-one DeFi suite for minting, swapping, lending and borrowing in a fully trustless decentralized manner. Shortly after the launch, the platform will also extend its reach and seek out compatible dApps, from outside the ecosystem, maximizing the impact of a fully comprehensive and interactive DeFi cluster, that way rendering the existing solutions almost obsolete in comparison. This and more is just a taste of the direction our ecosystem is taking.

To celebrate this mammoth of an event, a special request has been sent to the Moon, and the AI-driven smart contract running the Jurisdiction back on Earth kindly ceded. And so, at the time of the launch, unique considerations will be made for anyone who decides to engage with the Protocol. Those will come in the form of generous APY boosts, and are planned to be further extended to involve all first-time interactions on the Lending side of the Jurisdiction. After a while, the bonuses will slowly normalize between more and more users and return to a regular rate, so don’t miss out. Early bird eats the worm! We welcome you all to participate in this boon, and let’s forge a new path for DeFi 2.0. Now, let’s dig into the meat of the Platform.

Firstly, our developer partners Web3 Foundation LLC have released the long-awaited synthetic stablecoin on chain, not one, but two. The detailed cryptoeconomic model for the stablecoins is going to be presented in a separate blog entry later in the month. There are two stablecoins so far, DAIAAA (a stablecoin reflecting synthetically the corresponding rate of DAI) and CHFAAA (a stablecoin reflecting synthetically the corresponding rate of CHF). As the time progresses, Web3 Foundation LLC may add further stablecoins to its offering. We encourage you to get acquainted with the legal terms of stablecoins and DeFi platform offered by Web3 Foundation LLC to fully understand the mechanics of their issuance. Any user on the platform would be able to mint and access stablecoins with their on-chain assets.

The Moon Rabbit DeFi 2.0  Jurisdiction will enable users to take trustless loans, simply by providing one asset as collateral and borrowing another one, all at a fixed interest rate and irrespective of the CHFAAA issued. Conversely, lenders will be able to add liquidity to the pools and enjoy an attractive interest on their capital allocated dynamically each second. 

Adding Liquidity on the protocol, or to put it plainly – lending, is as simple as making a deposit. In return, users obtain AAA20, interest-bearing (IB) tokens, and thanks to the per-second rate accumulation – as opposed to per-block accumulation used by other protocols, such as Compound or AAVE, attain very high accuracy of interest rate calculation. Thus, Moon Rabbit 2.0 Jurisdiction is one of the most accurate DeFi platforms in the world in terms of distribution of rewards, ahead of major rivals. 

These continuous tokens are characterized by Limitless Supply, Continuous and Deterministic Price, where the price is constantly being calculated and is defined by a bonding curve – which acts as an automated market maker, and finally, Instant Liquidity, allowing users to buy and sell instantaneously at any time. The lenders are free to exchange back the interest-bearing tokens for the ones they originally deposited, and can do that at any time, which is not always the case inside other protocols. Owing to the steady increase in the price of IB tokens, the lenders earn interest in the process.

Moon Rabbit DeFi’s interest rate algorithm is designed not only to manage liquidity risk but also optimize utilization, and the value of the interest is based on the supply and demand that are presented as a utilization ratio value (U), following a simple formula:

The interest rate model itself uses kinked rates, where the rate sharply changes at a pre-defined threshold. In short this means that as more people are willing to borrow a particular asset, the smart contract increases the interest rate on it, which in turn makes the borrowing more expensive, and the high interest rates potentially help attract new lenders.

Function characterizing the interest rate:

Example on how the interest rate changes at different values:

Lending different assets presents different opportunities to earn, and the lending APY can vary between tokens. The following table shows the Target Supply APY for different tokens:

Target Supply APY, %Token(s)
55%wAAA
44%WSBT
33%wBTC, DAI, USDT, USDC, ETH,
BNB, BAT, MLN, NMR, UMA

Note that target APY pertains to the ultimate target. Initial users and stakers on the platform are able to enjoy much higher rewards. As the APY curve is dynamic, the first few users for each pool may enjoy massive amounts of percent of APY until the pool grows to its target rate. For example the first lucky user to grab their spot in the AAA liquidity mining pool will enjoy a massive 1.5 million % APY, which will drop exponentially with each new participant in the pool until the target rate of 55% APY is reached. Initial few users will enjoy massively generous awards.

In sharp contrast to the above, Fantom DeFi provides users with a only 4% APY on deposits that can be withdrawn at any time, and this increases by a modest 10% – up to 14%, for users who decide to lock up their tokens for an entire year. APYs in that range seem to be a running theme in most of similar products on the market. With Moon Rabbit DeFi, not only are the APY rewards more attractive by default, but the users are free to exchange their tokens back at any time without compromising neither their profits nor their ability to earn. While the current reward distribution system lasts, this makes Moon Rabbit DeFi 2.0 Jurisdiction the most attractive platform in terms of APY and liquidity mining efficiency.

And finally for interest rates, but certainly not least importantly, the Platform utilizes a unique interest rate accumulation mechanism, and as we mentioned before, it’s quite different from mechanisms implemented in platforms like Compound or AAVE. Unlike those systems, Moon Rabbit DeFi Core calculates interest rate not per-the-block, but rather per-second, merging the demand for a much higher accuracy of interest rate calculation with another layer of transparency.

Apart from interest rates that the lenders obtain, all users participating also receive additional rewards in platform tokens for both lending and borrowing. This is accomplished through a system of Adaptive Asset Pool Rewards. The customizable nature of the protocols allows the owners to adjust the rewards per one block, even differently for each pool, and then have these values distributed between both lenders and borrowers. Platform tokens are minted once by the protocol owner and their supply is finite.

It might be helpful to think of it in the following way:

– When liquidity is available: borrowers are incentivized by rewards for borrowing

– When liquidity is scarce: lenders are incentivized with rewards for depositing funds

The formula of Adaptive Asset Pool Rewards looks as follows:

The platform also features a special safeguard, one designed specifically for scenarios where the collateral asset price falls and the debt starts exceeding that price. A situation like this is also why, initially, users cannot borrow more than the amount of collateral multiplied by Collateralization Ratio. Collateralization Ratio, or CR, defines how much CHFAAA is allowed by the protocol to be issued before liquidation of undercollateralized position happens.

Regardless, in such a case, a special mode called Liquidation comes into play. Liquidation starts when Liquidation Threshold has been reached and it leads to a part of the outstanding borrowing being repaid from sold collateral. The user’s IB tokens are exchanged for a token at the market price, but with a special 8% liquidation discount. The mechanism insulates the Jurisdiction from the risk of being left with a depreciated currency and ensures it always has the means to return the funds to the respective depositors. The number of funds that can be liquidated cannot exceed 50%.

In a fashion similar to a lot of other features the Platform boasts, like Reserve Factor and the mentioned earlier Reward per Block, Liquidation Threshold is an easily customizable parameter of the Protocol, and Liquidation itself can be initiated by any user, shifting even more power and freedom into the hands of the ecosystem participants.

The platform supports algorithmic stablecoins – CHFAAA stable coin synthetically linked to Swiss Franc and DAIAAA stablecoin synthetically linked to DAI, with a set of reliable assets for use as collateral for its issuance. The support will soon grow to include integration with other stable coins, like USDT, USDC or BUSD. That selection, coupled with the highly customizable parameters of the Protocol, aims to provide a rich, user-first environment, and an experience yet unmatched by any existing platform.

As we have already pointed out at the beginning of the article, the Platform has been thoroughly audited and passed that test with flying colors. The scope of the audit consisted of 39 contracts, interfaces and libraries. During the course of the audit, all the initially identified minor issues were promptly fixed, most of them were of optimization nature, and none of them are present in the final version of the contracts – not only drastically improving on the security, but also leaving the latest Jurisdiction free to blaze fresh DeFi trails. We welcome you all to read more about the audit and its findings in our previous blog entry – Moon Rabbit DeFi 2.0 Jurisdiction Passes Ambisafe Security Audit.

With the Ethereum Virtual Machine’s technological advancements at the forefront, the new Jurisdiction aims to challenge the top players in the DeFi scene. Already, the platform’s current capabilities are at levels of the likes of Avalanche and Fantom, and de-facto leagues above many others in the field.

Once again Moon Rabbit has shown hard at work making its ecosystem the place to be for both the existing community and newcomers alike. A uniquely qualified and competent DeFi project is a natural extension and perfect fit for the budding ecosystem, and yet another stellar example of a long term vision coming to life.

We are excited to open this new chapter in the development of Moon Rabbit ecosystem and are looking forward to your feedback about this journey! Drop us a line on Telegram, Discord and other social media. Stay tuned for other releases and updates later this month!

Legal Disclaimer: This blog is property of Web3 Foundation LLC. Web3 Foundation LLC is the independent developer of Moon Rabbit DeFi 2.0 Jurisdiction. Moon Rabbit trademark and logo are property of Moon Rabbit AngoZaibatsu LLC.  All rights reserved. 

Moon Rabbit DeFi 2.0 Jurisdiction Passes Ambisafe Security Audit

In our previous blog piece, “Moon Rabbit Metachain unlocks DeFi 2.0” we touched upon several important aspects of the upcoming DeFi revolution, what it meant to Moon Rabbit, and how it would ultimately shape the entire DeFi crypto landscape. Over the past several months, in growing anticipation for the upcoming launch of Moon Rabbit DeFi 2.0, we partnered with Ambisafe, a US-based company with vast Substrate and EVM experience and expertise in distributed systems since 2010, to perform a thorough and extensive security audit of the upcoming Moon Rabbit DeFi 2.0 Jurisdiction, and make sure we took every step possible to provide and maintain an unrivalled and safe user-experience within our new product. 

The original document of the findings of the security audit by Ambisafe can be found here.

Moon-Rabbit-Defi-Contracts-Code-Audit-by-Ambisafe

Moon Rabbit DeFi 2.0 Jurisdiction is an ambitious, state-of-the-art network, as one should expect from a protocol that at its heart aims to permanently re-shape the current landscape of DeFi clusters. The Moon Rabbit DeFi 2.0 Jurisdiction is an independent Substrate-based distributed network using the infrastructure of Moon Rabbit Metachain, initially consisting of basic trustless primitives, like: Borrowing, Depositing/Lending, Stablecoin, Oracles, Swapping and Farming. Together with the already launched Moon Rabbit DEX, they form a cluster of DeFi products launched and managed by Web3 Foundation LLC who are committed to building exclusively on Moon Rabbit. Those blocks will in time become the foundation for more robust offerings in the form of NFT backed loans, credit delegations, and multi-purpose DAOs, to name a few. To ensure the integrity and safety of all those components and smart contracts as well as to prepare for their subsequent integration into wider infrastructure of Moon Rabbit, Ambisafe was engaged.

The audit process commenced shortly after the first meeting, and overall, Ambisafe’s analysis proved very favorable. The team at Ambisafe took their zero-tolerance bug policy and had a close look under the hood, examining in detail all of the 39 smart contracts involved, as well as libraries, and including Rewards Distribution, Liquidity Pool, User Info Registry, Stable Permit Token, Interest Rate Library, and Defi Core, to name a few. Working tirelessly shoulder to shoulder with Moon Rabbit community devs and partners, Ambisafe team found no errors that would affect any of the implemented logic, as per their final report. At that point, both parties quickly switched their focus to optimization. 

The report continued to highlight some minor optimization issues that quickly prompted a tight update schedule for the affected parts of the Protocol, leading to fixes that ultimately made the code significantly leaner and faster. Following Ambisafe’s advice, developers made certain registry variables immutable and removed several storage writing redundancies. In one case the team updated a function to read certain values automatically, and optimized another one to check for parameters only once. In addition, several naming revisions took place.

After months of rigorous reviews and updates, the final report found no errors, and readily concluded full readiness of the platform. The Protocol itself has been given a clean bill of health. The overwhelmingly vast majority of the project’s infrastructure was found to be airtight, and the team at Ambisafe provided invaluable advice on how to implement further optimization – which is already scheduled. Ambisafe’s unrelenting approach to security, coupled with the Moon Rabbit ecosystem’s fast response and willingness to adapt, all but ensured that no lingering issue found its way into the final version of the product.

Ambisafe’s input didn’t end with only a security guarantee, though. The audit itself made several changes possible, one of which significantly reduced the cost of transactions on Moon Rabbit EVM Jurisdiction.

The audit was one of the remaining pieces of puzzle needed for the imminent DeFi 2.0 launch, but hardly the last one in the grand scheme of things that is the Moon Rabbit’s ecosystem’s ultimate vision. As the team, its partners and the community keep building and expanding on the platform, and the Protocol itself becomes more complex and rich in features, audits will become a more frequent occurrence and an integral part of the process. We welcome all of you to stay tuned for more, as Moon Rabbit DeFi 2.0 Jurisdiction goes through multi-stage launch!

World’s First DEX on Substrate EVM is here

True to the vision we have set before us, Moon Rabbit is proud to announce the launch of a trustless decentralized exchange, right at each bunny’s doorstep – Moon Rabbit DEX (click to explore). It is the first DEX running on Substrate-based EVM, bringing familiarity and convenience of Ethereum Virtual Machine (EVM) to the scalability of Substrate and Rust. It serves as the first major component of the standalone DeFi 2.0. Jurisdiction of the Moon Rabbit ecosystem that is launched in stages over the course of summer by Web3 Foundation Ltd.

In the spirit of Moon Rabbit ecosystem’s commitment to provide the users with the best possible environment to perform on-chain interactions and have fun at the same time, the upcoming DEX toolset is designed to provide a rich, user-first experience, and add yet another layer of utility to the $AAA token model. There will be unique airdrops of tokens and NFTs for the first 1000 users of the DEX with account balance of at least 3m AAA. Shortly afterwards, liquidity mining programs will launch on chain, rewarding liquidity providers for DEX. All as part of the ongoing effort to complement the existing ecosystem features, and at the same time aggressively continue to deliver exciting DeFi opportunities to the entire community.

As all products launched on the Moon Rabbit blockchain, the exchange will not only benefit from the Substrate-based nature of the network, lowest fees associated with all the transactions conducted on the chain, and the obvious opportunities to scale and connect to other blockchains in the future, but also – being run on the EVM layer, the platform is automatically enjoying the infrastructure, security and decentralisation of Moon Rabbit Metachain, covering all the incoming and outgoing daily operations and the overall state of the Jurisdiction.

This new dApp is set to become an integral part of the ecosystem, seamlessly linked to all the other existing pillars – or products, with special considerations allocated for the upcoming projects, including the cross-integration into the DeFi2.0 Jurisdiction.

Those integrations, and more, are either already live, or in the final stages of development, will allow all participants of the Moon Rabbit Metachain to “traverse” and experience the full network capabilities in a truly seamless and immersive manner, augmenting the level of immediacy between the different products, and the accounts that interact with them on a scale unseen before.

At launch, the platform will boast well over 20 natively-integrated different token pairs, giving the users the absolute control over how they want to engage with the platform, as well as how they want that interaction to progress at the later steps of their journey. Moreover, users will be freely able to add new AAA20 tokens to the DEX and swap any tokens they wish. Any existing tokens of ERC20 and BEP20 standards can be crossed over the Metabridge of Moon Rabbit and provide the initial liquidity pools and token availability on Moon Rabbit EVM.

Here is the link to the Metabridge: https://hole.moonrabbit.com/bridge/tokens – if you are unsure about how to move other ERC20 or BEP20 tokens from Ethereum / Binance Smart Chain to Moon Rabbit EVM, please refer to our admins on telegram and they will assist you in the process. Remember there will be also staking and farming opportunities for all these tokens on the wider DeFi platform that goes live EOM.

Each user will be able to create their own pool, and freely manage it without any oversight, control or any significant steps required. The freedom doesn’t stop there, though – owing to the Substrate / Rust layer seamlessly bridged to an array of external blockchain networks, any ecosystem token launched on Moon Rabbit chain will be tradable on Moon Rabbit DEX by default, rendering the value proposition even more attractive for those still on the fence.

EVM layer additionally allows for Ethereum compatibility in combo with the seemingly unlimited functionality of Substrate, which realistically primes Moon Rabbit network to deploy any leading DeFi project wishing to break from high fees and network congestion. What’s more, the upcoming DeFi2.0 platform, in time, is set to become a piece of the overarching network experience and will play a vital role in further facilitation of the exchange of the available assets. 

With the launch of the DEX, the Moon Rabbit is drawing ever closer to realizing its vision it promised. One of a fully thriving and interconnected ecosystem. The native token pairs available at launch are designed to incentivize and propel participation, both within the existing community as well as act as a carrot for those still outside.

Stay tuned for the incoming releases over the next few weeks, as the Moon Rabbit ecosystem builders plan to roll out additional major features over regular intervals of time until the end of summer: multi-asset trustless and counterpartyless deposit and borrow platform, liquidity mining and farming and algorithmic based overcollateralized stablecoins, first of their kind!

Moon Rabbit Metabridge NFT Support Launched

Moon Rabbit’s Metabridge, a multi-token and multi-network portal for transferring tokens, has just got upgraded to also natively support transfer of any Non Fungible Tokens (NFTs), both the ERC-721 and ERC-1155 standards. Our Metabridge now boasts the most diverse functionality of asset and cross-chain integrations in the web3 space.

Bringing even further cross-platform interoperability you now have the ability to mint your tokens and NFTs for free on the Moon Rabbit network and easily bridge them to the Ethereum network where you can sell them on the popular Ethereum marketplaces OpenSea and Rarible! This also means all of your NFTs previously stranded on another EVM-compatible network can now find their home here on Moon Rabbit, any external wallet, or be sent to any Ethereum address.

Your Rad Rabbits can also hop onto other platforms! This advanced, trustless multi-way transaction channel allows you to preserve the metadata of your entire collection all completely secured by the underlying security of Moon Rabbit’s Metachain.

Below you can see the screenshots of the interface, showing the easy 2-step process to transfer your beloved NFTs between different networks. The Metabridge is live at https://hole.moonrabbit.com/bridge/nft

The launch of this bridge will allow you to track your Moon Rabbit avatar outside our native marketplace and EVM network. The NFT bridge will also allow you to easily convert your tokens into ERC-1155, a token standard enabling the efficient transfer of both fungible (ERC-20) and non-fungible (ERC-721) tokens in just one transaction. ERC-1155 tokens take care of many previous redundancies caused by ERC-20 and ERC-721’s inability to be wrapped into the same smart contract. Previous to ERC-1155 every individual item, in a game, for example, would require its own smart contract, however, ERC-1155 tokens can store multiple items inside a single contract cutting down on total transactions, speeding up the network, lowering the amount of needed space, and of course saving money!

The first to proudly take advantage of this opportunity is the Historical Stamps NFT Project! The Historical Stamp NFT project is part of an ongoing effort to bring together all collectors into the Moon Rabbit Metaverse and to preserve a world-renown cuisine chef’s little piece of history. This chef, who has been sponsored by Moon Rabbit, inherited these 726 stamps and wishes to memorialize them forever on the blockchain. All 726 stamps have been scanned by high-quality scanners to properly preserve their rich history and to create 3D NFTs allowing you to inspect and uncover every bit of each stamp’s long and illustrious past for zero gas fees. After the minting stage, the Historical Stamps NFT Project will be gifting those who manage to mint a legendary NFT the real stamp! Only 726 unique pieces, collect on any blockchain, 0 gas fees on the Moon Rabbit Marketplace, and high-quality NFTs preserving a piece of history forever on the blockchain. 

With the NFT bridge, you are given the opportunity to mint for free on Moon Rabbit, relist to your preferred blockchain and vice versa send your unsold NFTs to Moon Rabbit, all while having direct access to both the Rarible and OpenSea marketplaces. Being able to convert into ERC-1155 opens up even more opportunities for use cases like blockchain play to earn games with many more use cases being explored. Supporting an infinite number of tokens including fungible, non-fungible, and semi-fungible it’s likely all projects will eventually build on or migrate to the gold standard of ERC-1155 in order to increase both functionality and interoperability while cutting down on space and the number of transactions needed to complete the same tasks.

Growing in strength, interoperability, and community, Moon Rabbit is constantly creating more pathways for blockchains and users to become native to the Moon Rabbit metaverse. Remember that Moon Rabbit is always offering amazing rewards for those who help grow the ecosystem! Stay with us as we grow into the ultimate cross-chain protocol and uncover the secret to eternal life.

Bounties: https://moonrabbit.com/community/

Do you want to migrate your entire NFT collection to Moon Rabbit chain seamlessly? Here is the form for adding your collection and metadata to the Moon Rabbit Metabridge.

Moon Rabbit Main-Net: Empowering Developers to Scale Innovation

This week in the crypto-space is marked with a string of events that shook the entire crypto-community:  cessation of block production on one of the largest layer-1 blockchains is yet another occurrence contributing to the state of global market uncertainty.  

With this in mind we would like to dive deeper into the nitty-gritty details of how Moon Rabbit Main-Net is poised to overcome the problems plaguing the web3 ecosystem, and how our developers reach far beyond the limits of other “legacy” networks.

To begin with, the Moon Rabbit network is composed of heterogeneous blockchain shards called “jurisdictions.”  These jurisdictions create the next generation of the blockchain, offering full compatibility with EVM and the tools which come with being able to connect and operate with the entire Ethereum network. Moon Rabbit, being developer focused, has full cross-chain interoperability allowing developers to not only deploy their existing Ethereum-based dapps on Moon Rabbit but also give these developers and projects access to the benefits like on-chain governance, staking, and further cross chain integrations while paying a fraction of the transaction costs. The power and functionality of the Metachain with infinite scalability, this is Moon Rabbit.

What gives Moon Rabbit these incredible abilities? We can break this down into the main components of which the Moon Rabbit network consists: Mount Olympus, jurisdictions, and bridges. Mount Olympus is responsible for shared network security, consensus and cross-chain interoperability. Every Moon Rabbit jurisdiction shares the base characteristics of Mount Olympus through their connection to it. The Moon Rabbit ‘jurisdictions’ consist of independent blockchains with corresponding tokens and optimized functionality for specific use cases. 

Mount Olympus is the substrate allowing unique blockchains to easily build on and craft niche or more overarching use cases. Mount Olympus is modular, adaptable, and customizable allowing for seamless plug and play modules for consensus gathering networking and finalization, forkless upgrades with transparent governance tools, the ability to continue enhancing your project over time without the risk of network disruption, and built in support for Moon Rabbit jurisdiction interaction right out of the box. 

Bridges are sets of specialized blockchains that allow Moon Rabbit jurisdictions to connect to and interact with other networks. Bridges are one path for interoperability between all networks while jurisdictions ensure developers faster transactions, almost no gas fees, and first class blockchain security. This jurisdiction infrastructure allows for developers to build blockchains that keep individual user information private and by ‘rolling up’ many transactions before submitting to each individual platform ‘main-net’ Moon Rabbit creates a private and frictionless environment giving any project further scalability and interoperability. 

Supporting all EVM based code and tools, Moon Rabbit makes it incredibly easy for developers to migrate their dapps to Moon Rabbit without any major changes to the existing code structure. Moon Rabbit is establishing itself as the go to place for developers to build and migrate their dapps to so they can tap into and take advantage of the emerging and growing cross-chain market along with the sheer scalability provided by Mount Olympus.

It’s also worth mentioning that Moon Rabbit  is a product of the Substrate / Rust tech stack, where the Substrate component constitutes a collection of building blocks for creating blockchains and standard implementations of common abstractions. Using Moon Rabbit a developer can leverage highly complex substrate technologies like networking, logic, transaction que, web assembly interpreter, and implementation of tokenomics to develop a blockchain application in merely hours instead of months. Without substrate the process of building a blockchain would require a developer to be an expert in each individual area of blockchain development E.g. database, P2P network, block authoring, transaction handling, ect. However, the implementation of substrate on Moon Rabbit allows a developer to be an expert in just their specialized field which would make their chain unique. 

The other important part of this Substrate / Rust tech stack is of course Rust itself. Rust is a multi-paradigm language with a focus on memory safety and first appeared in 2010 making it a relatively new language. The Rust compiler is very precise telling you in real time what is wrong with the code making it very difficult to make mistakes. This is incredibly important when it comes to developing in decentralized finance, and Moon Rabbit community will soon be tapping into the suite of the new-generation DeFi products built in accordance with the best industry practices.

To conclude, Moon Rabbit is a heterogeneous multi-chain model allowing for diverse, independent blockchains specialized for various purposes to work together under a unified security umbrella via jurisdictions. Building on a public blockchain like Etherum not only costs a large sum of money, but puts a limit on the flexibility and scalability the project can obtain. At the same time, launching a project on the Moon Rabbit chain allows for the utilization of each blockchain already tied into the Moon Rabbit ecosystem to create much faster development through cross-chain interactions. 

As soon as you start building on Moon Rabbit you forge your own multichain world. 

WSBT announces airdrop to AAA Holders – including the Rabbit Hole

Wall Street Bets Shills (WSB.sh), the first major protocol on Moon Rabbit Metachain with own deflationary token WSBT, has announced an airdrop of WSBT to all AAA holders on native Substrate-based blockchains of Moon Rabbit (EVM Jurisdiction and the Rabbit Hole, both staked in Temples and unstaked).

After the recent community poll, WSB.sh have committed to permanently burn 1% of their total coin supply (50’000’000 WSBT), leaving the current total supply at 4’950’000’000 WSBT.

5% of this total supply is earmarked for airdrop to AAA holders in exchange for providing utility and security of the underlying networks and infrastructure on which WSB.sh Jurisdiction is operating. Thus, 247’500’000 WSBT will be allocated to the community members holding AAA on EVM and Rabbit Hole (Main-Net), based on farming mechanism assured by continuous snapshots.

The pool of airdropped WSBT tokens will be divided between all holders or stakers of AAA on EVM and Rabbit Hole networks, proportional to the amount of their holdings at the time of snapshots. However, holders and stakers of AAA on Rabbit Hole and its Temples will receive a multiplier of 2 on the overall reward size. For those who are currently staking, the airdrop amount will be equal to their principal locked stake of AAA.

To illustrate this mathematically, if A(WSBT) is Airdrop of WSBT, AAA(EVM) is AAA on EVM and AAA(MAIN) is AAA on Rabbit Hole (staked in Temples or not), then:

Total A(WSBT) = 247’500’000 WSBT = Total AAA(EVM)*X + Total AAA(MAIN)*2X

X being the fraction of the airdrop to be divided between all relevant holders. 2X coefficient on Rabbit Hole means that for every AAA held of Rabbit Hole (aka Main-Net incl. Temples) there will be twice as many WSBT airdropped as on EVM.

Note that AAA holders on Ethereum, Binance Smart Chain and Polygon are not eligible for airdrop. However, if they do transfer their tokens through Metabridge to EVM or Rabbit Hole on time for the first snapshot and hold until the end of the farming period, they will be able to receive their share of the airdrop.

Note that the farming commences on 20.05.2022 at 23:59 UTC and runs for 30 days, until 19.06.2022 at 23:59 UTC. During this period snapshots will be taken and AAA tokens held or staked in the same wallet on EVM and Rabbit Hole will be calculated by the system. After the end of farming, the whole pool of 247’500’000 WSBT will be allocated to users.

The team and backers of Moon Rabbit will NOT participate in this airdrop. 100% of this pool will be distributed to the Community.

WSBT airdrop will be fully distributed at EVM Jurisdiction, for both the EVM AAA holders as well as Rabbit Hole AAA holders. We have therefore upgraded the Rabbit Hole in order to permit any user to link their EVM wallet number to their Rabbit Hole wallet ID on-chain. That way, when the time comes to collect WSBT harvest, the system will allocate the right number of tokens to their linked EVM wallet. Below is the guide on how link the EVM wallet to Rabbit Hole wallet.

Guide on Linking Rabbit Hole to EVM Wallet

Some DeFi, NFT, eSports and other web3 projects that are running on Moon Rabbit EVM may perform airdrops based on your Moon Rabbit balance or staked amount. To allow such projects to easy identify your EVM addresses you need to assign it to your Rabbit Hole address. Here is how to do it.

Assigning address

1. Open wallet page

2. Click button “Assign EVM Account”
3. You will see a form to confirm assigning address. Enter your wallet password and click “Assign” button

4. You will be requested to sign message with Metamask to confirm ownership

5. After successful adding you will be able to see assigned EVM addresses in the account info window

Have questions? Check out our Library that has an FAQ and detailed guides. Your question is unanswered or still struggling? Visit our Telegram. Our community ambassadors and admins will help you!

Moon Rabbit & Polygon Studios for Longevity

Moon Rabbit has created a partnership with Polygon Studios, the metaverse, NFT, and crypto gaming hub of the L2 blockchain, Polygon. Originally launched to connect and grow Ethereum projects and blockchains, Polygon uses a modified proof-of-stake consensus mechanism to efficiently operate the platform. Governed by its native token MATIC, it operates on top of the Ethereum blockchain and adds another layer of functionality. Greater scalability is achieved by conducting many zero-knowledge proof transactions on the Polygon network using tools like ZK Rollups and Optimistic Rollups then submitting only proof-of-validity to the main chain in just one Ethereum transaction. Polygon is a space for developers to turn their projects into multi-chain platforms. Simply put, Polygon takes Moon Rabbit’s interoperability to the next level!

Polygon Studios is working to build strong web3 communities inside of the Polygon ecosystem by highlighting great new upcoming projects. We’ll be working with Polygon Studios to position Moon Rabbit in front Polygon’s community of web3 enthusiasts. 

Polygon runs on four different layers. The Execution layer uses Polygon’s EVM to execute the contracts on the Ethereum main net. The Polygon networks layer consists of an ecosystem of Polygon projects. The Security Layer runs alongside the Ethereum layer and provides ‘validators as a service.’ Finally, the ETH Layer is constructed of different Ethereum-based smart contracts. Moon Rabbit has connected the main net and Moon Rabbit’s own EMV to this blockchain framework. As Moon Rabbit creates more pairs within the Polygon network the amount of cross-chain token transfers without third-party risks or market liquidity limitations will grow exponentially. Moon Rabbit has already begun actively using Polygon and has created Polygon pairs in both USDT and USDC. Polygon is now strengthening the Moon Rabbit network and acts as an entry portal for the Polygon network to integrate with Moon Rabbit.

Polygon adds a massive amount of reach to the Moon Rabbit ecosystem. Operating on top of the Ethereum network, Polygon gives Ethereum-based projects access to more flexibility, scalability, security, and sovereignty without losing the interoperability, and structural benefits of Ethereum. Polygon benefits from low gas fees and is compatible with the widely used contract creation language, Solidity. Fully integrating with the Polygon network comes with significant advantages like the promised speed of ETH 2.0, long before the actual release of Eth 2.0, boasting 47,900% more transactions per second than the Ethereum main net! Any Polygon-connected project has automatic integration into Open-Sea and some may not know this, but like Moon Rabbit, Polygon has full Chainlink integration allowing the connection of pre-existing infrastructure and data of the outside world offering even further real-world and cross-chain interoperability. Polygon is able to fully utilize the Ethereum network while being inherently more secure, open, and powerful. 

Moon Rabbit and Polygon alike are advancing the Web3 space by supporting ventures, developers, and projects. Through “Polygon Studios”, Polygon is doing an excellent job of establishing itself as a leading technology provider for decentralized gaming and NFTs having already partnered with Ubisoft, EA, and Atari. This community cross-over will create a burst of engagement driving even more traffic toward DeFi and Web 3 infrastructure as these two blockchains seek to support those looking to build on or bridge to the Polygon and Moon Rabbit networks. This is all in a continued effort to accelerate toward greater innovations and total interoperability.

Foresight Institute, the world’s leading Longevity research institution, works closely with top scientists in the world of longevity. Foresight Institute is welcoming Web 3 with open arms and as such we are expecting an influx of longevity professionals who want to maximize their potential. Utilizing the longevity DAO and the rapidly growing Moon Rabbit ecosystem we will unlock the full potential of crowdfunding, crowdsourcing, and web3 data processing and storage. Moon Rabbits DeFi arm is a decentralized space to facilitate the transfer of data and scientific cooperation like never seen before. Combined with Foresight Institute’s thirty years of life extension research, we are creating a space for these technologies to freely grow. As Moon Rabbit’s ecosystem grows so does Foresight Institute’s ability to connect with and support leading young scientists, engineers, and innovators working on emerging new technologies.

Falling perfectly in line with the Foresight Institute partnership, Chainlink integration, and Moon Rabbit’s own EVM, Polygon gives access to even more routes for connecting the multi-chain world of DeFi and Web 3. The Moon Rabbit network continues to grow in partnerships and integrations enabling the Longevity DAO and creating a robust Meta Chain: a chain of chains or system of systems where all blockchains and distributed protocols can seamlessly connect and interact. Web 3 infrastructure is the future of AI, big data, machine learning, and blockchain development. Integrating further into our daily lives, Web 3 continues to disrupt the authorities by providing equal access to decentralized trustless platforms. In a world built on top of Web 3 Moon Rabbit prominently places itself as the central substrate interconnecting all.

Moon Rabbit Partners with Foresight Institute to Accelerate Life Extension

The core purpose of Moon Rabbit is to democratize access to life extending technologies and provide a decentralized space for these technologies to freely grow. Moon Rabbit acts as the substrate off which any longevity-oriented project can connect with cutting edge techniques and the labs creating them to build something bigger for everyone. Moon Rabbit is the springboard off which the longevity industry can monetize and grow itself. By utilizing the crypto and web3 tools we build we will pick the most promising projects, launch them on top of the Moon Rabbit ecosystem, and then be able to give them access to connections and resources they would otherwise be without.

In an effort to maximize resources Moon Rabbit is very proud to announce a partnership with the world’s leading Longevity research institution, Foresight Institute. Foresight has already spent more than 30 years researching “technologies that will present opportunities to vastly improve the human condition, and a web of strategies to secure those benefits while avoiding the problems that could come from careless or malicious misuse of those technologies, or from unintended consequences.” This partnership gives Moon Rabbit the perfect place to allocate grants and research funding towards “preventing or curing almost every disease and injury, including the currently inevitable disabilities of aging.” Moon Rabbit will be sponsoring the Fellowship class of 2022. This is a one-year program which gives leading young scientists, engineers, and innovators working on emerging new technologies a platform where they can find the support to accelerate their ideas into reality. This is perfectly in line with the overarching goal of Moon Rabbit.

Longevity is quickly turning into much more than magazine headlines as more and more digital innovators are breaking boundaries and speeding up the production of life extending technology at a rate never before seen. Heads of the longevity industry have stated that in the next decade the average person will be living a much longer and richer life. Moon Rabbit is the world’s first cryptocurrency totally devoted to the search for eternal life and as a full fork of Polkadot it boasts massive scalability and cross-chain interoperability. This means any project being built on or participating in the AAA network are contributing to life extension technologies. Moon Rabbit places itself ahead in the crypto and longevity industries by providing a space for scientific co-operation, research collaboration, and alternative financial incentives. Connecting those powerful yet unheard voices to the resources they need and providing the average user of the AAA network the ability to be awarded for staking funds and/or personal data in the name of democratizing access to and empowering longevity research. Moon Rabbit is a crypto-conglomerate on a mission to extend life.

We are seeing an unprecedented flow of wealth into the longevity research scene. Vitalik Buterin has made over $26 million of grant funding available to researchers via Impetus Grants, donated  $25 million SHIB tokens to the Future of Life Institute and given millions to the Methuselah Foundation. Amazon founder Jeff Bezos has backed both Unity Biotechnology and Altos Labs. We are seeing this everywhere, the most renowned crypto and tech visionaries are propelling the longevity industry. Moon Rabbit stands tall, ahead of the curve making sure this technology is accessible, not just to this planet’s elite few, but to all.

We know that the road ahead will be filled with clashes between traditional institutions and companies as “…chronic diseases are the most stable revenue stream…” There is “…a strong need to make a breakthrough to change the status quo.” This is why we are working hard on a “Decentralised Autonomous Organisation that will create on-chain governance, project management and monetisation strategies for IP” (Intellectual Property). This model for development is something that currently only exists within the crypto world and will drastically increase the speed at which said development can take place unhindered by the currently established financial institutions. Capitalizing on the great exchange of wealth that is cryptocurrency Moon Rabbit is evolving into the distributed crypto conglomerate that will leave no stone unturned and no blockchain untouched in the ultimate task superseding all lifetimes, the search for immortality.

Links:

Foresight Institute:https://foresight.org/
Press Release:https://www.longevity.technology/moon-rabbit-partners-with-foresight-to-accelerate-longevity-ideas-into-reality/

Moon Rabbit Metachain integrates Chainlink oracles and price-feeds

Moon Rabbit continues to multiply its interoperability and position as a cross-chain communication hub with Chainlink oracle and price feed integration which will allow its Metachain to communicate with the real world. 

Allowing any smart contract to communicate, interact, and react to real world events and visa-versa has been a difficult task. However, Chainlink has created blockchain middleware which does just that. We are already able to connect much of the current blockchain infrastructure but our reach has grown. Now we are able to connect anything which exists within the Moon Rabbit ecosystem to pre-existing infrastructure and data of the outside world. The translators of data developed by Chainlink have become known as “Oracles”.

We’re sure you are thinking, “What makes these ‘Oracles’ safe and reliable?” This is an obvious question because using centralized oracles is not only unsafe, but also goes against the core of Decentralized Finance. Chainlink aggressively tackles this issue through the use of “oracle reputation frameworks.” These allow users to choose parameters they deem important and view the accuracy and reliability of each oracle network and node operator. In addition to being saved on an immutable public blockchain ledger, oracle service providers can leverage their real world business to provide additional security and reliability. Chainlink oracles are currently used by reputable enterprises like Google, Oracle, and SWIFT.

An appropriate question to ask at this point would be, “What can’t Moon Rabbit do with these abilities?” Using these Substrate-based technologies the Moon Rabbit Metachain can provide pluggable consensus and forkless upgrades for any data infrastructure on-chain or not. Optimized for decentralised finance, Moon Rabbit can now take real world data and turn it into a safe and reliable crypto narrative. 

At first, Moon Rabbit will leverage Chainlink’s decentralised pricing feeds to provide infrastructure for market prediction protocols that are due to launch on top of Moon Rabbit Metachain in Q1 2022. The first pairs to go live in these prediction protocols will be: ETH / USD, BTC / USD, LINK / USD, DAI / USD. This aggregator contract can be used by other contracts or any lending protocol deployed on Moon Rabbit.

Later on, the DeFi 2.0 vertical being built on Moon Rabbit will also incorporate Chainlink’s technology for the smooth day-to-day functioning of the DeFi suite of Moon Rabbit, including lending tools, stablecoins and decentralised swaps.

Are you a developer building on Moon Rabbit? Here are the asset feeds currently available on Moon Rabbit Metachain! You can already start referencing these feeds to obtain accurate asset prices!

ETH / USD0x91C5a842C282EaaD5D0b536512E61A824128e637
BTC / USD0xC6c33F49f3298f19c233cf4D146B71579F6e3315
LINK / USD0xf840B8fF6f64D308A2c0457cCb1733e89B78fcEc
USDT / USD0xFd4A8b61B100f31751DF62294B0A83eA6Fc8F574
DAI / USD0xDF8330B548Aa63a2AAEB7C8f6a8bfC00ab2963aE
DAI / ETH0x2153f61062545c06855EB6Cd93E37dc465b0F75F

Moving on to the Bunnyverse, Moon Rabbit’s Metaverse, Chainlink’s oracle integration and Verifiable Random Function (VRF) will help create more engaging and unpredictable Bunnyverse experiences. This adds the ability to take data from the real world and automatically generate in-metaverse NFT drops and create dynamic NFTs whose characteristics and value can change with time, weather, or any real world data verified by Chainlink oracles.

Bunniverse interface with randomly-generated on-chain quests

Chainlink’s VRF offers a tamper-proof and publicly auditable form of randomness. This generates both a random number and cryptographic proof off-chain, then delivers both on-chain where the cryptographic proof is verified on-chain prior to the acceptance of the random number by the consuming application. Using this mechanism, we can assure the fairness of any random outcome.

For additional guidance on building on Moon Rabbit’s Metachain or Metaverse, refer to Moon Rabbit Library: https://lib.moonrabbit.com/. Our development team is also available on Telegram to provide technical support and integration assistance.

Moon Rabbit Metabridge:
Polygon and Binance Smart Chain Launch



Moon Rabbit is proud to announce the deployment of $AAA token contracts on Polygon and Binance Smart Chain – instantly transferable to Moon Rabbit EVM network with the help of our Metabridge. Besides supporting cross-chain transfers of AAA between these blockchains and Ethereum, Metabridge also permits transfer of the most popular fungible (ERC20) and non-fungible tokens (ERC721, ERC1155).

Token contracts of AAA on BSC and Polygon

Polygon AAA0x2EBD50AE084e71eed419cB6C620B3BbD3927bF7e
BSC AAA0xa39bF0446268D99C5c0A85ECF92970611912d386

Moon Rabbit’s Metabridge is taking AAA across all DeFi instances, creating true cross-chain interoperability. This multi-network solution has been created to withstand the weight of infinite scalability and constantly growing cross-chain interactions. The grand mission for Moon Rabbit is of course discovering the secret to eternal life and what better way to do that than creating the ultimate cross-chain protocol combining all forces of crypto and knowledge transfer to aid in this great endeavor. With the DeFi 2.0 Jurisdiction rolling out we are getting closer every day to uniting all blockchains into the system of systems that is the Moon Rabbit Metachain.

This is part of a continued effort to bring our ecosystem within the reach of everyone in DeFi while keeping the costs of bridging radically lower than traditional ERC20 $AAA / EVM $AAA swaps. Metabridge with the newly-integrated Polygon and Binance Smart Chain compatibility spares $AAA community from multiple gas fees as well as exchange and withdrawal fees. Moon Rabbit community will now benefit from a nearly zero transaction fee environment for NFT trades, the acquisition of Rad Rabbits, in-game collectibles, Metaverse onboarding and anything else that happens on Moon Rabbit infrastructure.

Uniting multiple bridges as a unified solution attracts new projects to develop multi-chain solutions which in turn will create an explosion of movement to the AAA ecosystem. On-chain community-created projects are already flourishing and soon the Moon Rabbit proprietary NFT collections will be released along with a prediction pool and the first decentralized trading platform on the Moon Rabbit Blockchain. 

DeFi has given unbiased financial services to anyone who simply has a crypto wallet, but it comes with a few vulnerabilities in areas like scalability, security, and liquidity. Moon Rabbit is building on these limitations and can give any bridged project the full capabilities of DeFi 2.0. The community has spoken, our next stop will likely be a Solana bridge. 

Moon Rabbit Metabridge Instructions

Transfer tokens from BSC and Polygon to Moon Rabbit EVM

Attention! The transfer consists of two stages. Do not close or interrupt the procedure if the first  transaction was completed in Metamask. (Be extra careful!). Make sure that you have enough tokens on your destination address to cover the network fees.

  1. Open the Metabridge: https://hole.moonrabbit.com/bridge/tokens


  2. Select a network:



  3. Connect your MetaMask by clicking “Connect Chain”: 



  4. MetaMask will appear. Approve the new network:



  5. Enter the amount of tokens to transfer, click “Next” and confirm the first part of the transaction. 



  6. You will be asked to switch to the other network and confirm the second part of the transaction in order to receive your tokens. 

You can also access these instructions via Library at lib.moonrabbit.com

Remember, there are huge developer bounties available for more cross-chain integrations. If you are a developer or just know of a project that you think is a good fit for the AAA ecosystem reach out to us and you will be rewarded! 

Moon Rabbit Metachain
unlocks DeFi 2.0

While the first generation of DeFi dapps and protocols exploded in 2020, many projects have since hit various liquidity challenges and limits to scaling, bringing the DeFi segment of crypto into a relative bear market. Rethinking and redesigning of many concepts and architectures underlying DeFi became necessary. While DeFi itself is a multi-trillion-dollar opportunity, it is presently crippled by the siloing of liquidity and financial transactions between Ethereum and its various roll-ups and Layer2s as well as other Layer1 contenders Solana, Avalanche and BSC.

Moon Rabbit’s Substrate-based Metachain is a Layer0 by design, and it permits massively scalable cross-chain interaction between various independent Layer1s. Thanks to our Metabridge we already have a gateway for transfer of fungible and non-fungible tokens between EVM Networks. The next step for us is to launch cross-chain liquidity protocols between our Jurisdictions to maximise yield efficiency on idle capital by connecting to opportunities between different chains.

Our DeFi 2.0 vertical will be a Substrate-based Jurisdiction and will initially consist of basic trustless primitives: Borrowing, Depositing/Lending, Stablecoin, Oracles, Swapping, Farming. They will be the foundation blocks upon which additional elements, together with other existing web3 primitives of Moon Rabbit, can be built, such as Rad Rabbit NFT backed loans, credit delegation for higher yield on in-game items in the Bunniverse, multi-purpose DAOs and a decentralised exchange. Depending on the progress of the independent DEX projects Rabbitswap and Rabbitex, we will either integrate the DeFi 2.0 vertical with these projects, or launch our own DEX to facilitate liquidity pools necessary for functioning of stablecoins and other components.

We are launching our DeFi 2.0 Jurisdiction in stages over Q1 2022. The initial liquidity distribution for the DeFi 2.0 Jurisdiction amounts to 8,888,888,888 AAA. Among others, the liquidity will bootstrap initial activities of stablecoin, lending protocols, decentralised exchange and DAOs. We are eager to work with founders of existing or upcoming DeFi protocol and DAOs who will either launch their product on Moon Rabbit or port it to our ecosystem. Trustless liquidity pools may be allocated to any project strengthening our DeFi 2.0 suite.

Additionally, to expand the connectivity of our network and to address the excessive gas fees on Ethereum Main-Net that have prevented many community members from participating in our NFT ecosystem and marketplace, we will be launching AAA on Polygon and BSC and will also connect Moon Rabbit EVM to those networks via our Metabridge. This will permit users to transfer their tokens between much cheaper. Our community partners will also encourage exchanges that currently support AAA to offer withdrawal options on Moon Rabbit EVM as well as BSC and Polygon. We welcome any additional feedback and suggestions from the community on improving our cross-chain functionality.

Lastly, we are engaging cybersecurity and pen-tester experts to stress-test our bridges and DeFi infrastructur and we offer bug bounty of up to $100k paid in $AAA. Reach out to us to find out more about this.

Below we go deeper into some of the individual components of DeFi 2.0 on Moon Rabbit:

Lending and Borrowing

Within the Protocol, we have two main processes:

Adding liquidity (depositing/lending) — The lender deposits the desired amount of AAA or any other token and, as a result, obtains interest-bearing tokens – ibAAA. Then, at any time, the lender can exchange them for their initial AAA tokens. Because of the constant growth of the ibAAA token price, the lender will also obtain the interest rate.

Taking a loan (borrowing). Borrower leaves one asset as a collateral and borrows another one. Initially, while borrowing, the user can not borrow an amount greater than the amount of collateral multiplied by a coefficient (CR). If the collateral asset prices falls, the price of the debt reaches and ultimately exceeds the price of the collateral. In this case a liquidation threshold triggers the liquidation process, with the collateral being sold on the market at a discount. This mechanism keeps the protocol from the risk of being left with a depreciated currency and being unable to return the funds to the depositors.

Adaptive Asset Pool Rewards.

Apart from the interest rate that the liquidity providers obtain, each user receives rewards in AAA for lending and borrowing. Administrators of pools and, later, DAOs can set a different value of reward per one block for each pool, distributing this value between lenders and borrowers. Later on, mathematical dependencies manifest themselves in the following way, in order to bring the protocol to the equilibrium:

  • When liquidity is available: borrowers are incentivized by rewards for borrowing;

  • When liquidity is scarce: lenders are incentivized with rewards for depositing funds.

Stablecoin

Our DeFi 2.0 will be powered by a stablecoin, but it will not be pegged to the US Dollar. The coronavirus crisis has clearly demonstrated that the US Dollar is not a stable currency, with the official inflation rate being 7%, while many real economy assets necessary for consumers and business owners have grown at a double digit rate. Moreover, the industry’s willingness to leave the whole stablecoin ecosystem vulnerable to the whims of the Federal Reserve and American politics is highly ironic given the quest for supranationality, llibertarianism and decentralisation enshrined into the core of the crypto community.

We are still doing research on a suitable construct for a stablecoin and we acknowledge the very low diversity of assets tracked by oracles that could be used in our system without creating a systemic risk within our ecosystem from excessive advernturousness and experimentation. We will confirm the final concept for pegging our stablecoin in due course, once we consult additional interested stakeholders. At the very minimum, a viable alternative for our first stablecoin could be pegging our stablecoin value to a stable fiat currency of a highly developed neutral country whose purchasing power has remained strong through multiple crises and is trusted by both its native population as well as a sizeable part of an international community, such as the Swiss Franc (CHF).

Below is an illustrative example that is used to simplify the understanding of the process of stablecoin issuance envisioned on Moon Rabbit DeFi 2.0. It should not, however, be construed as a legally binding description. The stablecoin is intended to be decentralised, without a particular party against whom a claim can be made.

To issue a collateralised CHFAAA stablecoin pegged to CHF, the following mechanics will be used by the Protocol:

  • Moon Rabbit DeFi 2.0 Jurisdiction has a set of approved assets which are accepted to be used as a collateral for the issuance of CHFAAA

  • Each asset used as collateral has a specific Collateralization Ratio (CR) which defines how much CHFAAA is allowed by the protocol to be issued before liquidation of undercollateralized position will happen. For example, if CR is set to 150% it means that for 150 CHF worth of collateral no more than 100 CHFAAA is allowed to be issued. For widely accepted assets like wBTC, BAT and SYS the CR may be set to 130-140%, for other stablecoins like DAI the CR is lower and could be less than 110%, while for exotic and volatile cryptocurrencies, the CR can exceed 180%.

  • Any user who has deposited collateral assets to the Protocol can borrow CHFAAA. Borrowing means minting CHFAAA by the Protocol. The interest rate called Stability Rate (SR) for this loan is fixed and does not depend on CHFAAA issued. When the protocol governance stimulates stablecoin issuance, SR = 0%; conversely, when the intent is to reduce the amount of CHFAAA in circulation, there is an increase of SR.

  • As soon as the loan is repaid partly or in full, DeFi 2.0 Protocol burns the payment of CHFAAA and reduces the amount of stablecoins in circulation.

  • In case of market turbulence when Collateralization Ratio falls below accepted threshold, liquidation is triggered by any third party user who repays the CHFAAA loan and gets collateral with a 7-10% discount. This ensures there are always financial incentives for last-resort liquidity providers in the system.

Oracles

For reliable operations of our infrastructure with the accurate and timely supply of information about prices of items and other off-chain data, we have agreed to integrate Chainlink into Moon Rabbit EVM framework. The integration is now complete and provides protection from AMM asset pairs manipulation. Further communications on this matter will be provided by the Chainlink official channel in due course.

We are also building our in-house capabilities for oracles and are open to collaboration with other emerging projects offering oracle services to integrate natively on Moon Rabbit. Various financial incentives are available.

Proposed Extensions

We already have various extensions proposed. We encourage our community members with relevant skills to contribute to our code-base in exchange for rewards. Otherwise, the team is scaling its resources to continue building all the verticals of Moon Rabbit. The next proposed extensions to be used in the follow-up iteration of our DeFi suite are:

  • Protocol for Credit Delegation and borrowing on behalf of depositors for higher yields, within the same chain and across multiple chains;

  • Accepting ERC-721 and ERC-1155 NFTs as collateral to borrow ERC-20 tokens based on NFT Floor Price Oracle, connected to Moon Rabbit NFT Marketplace or OpenSea;

  • Lending Protocol expansion to a UniSwap-like environment with open access for anyone to list tokens on the platform with standard parameters and permit trading and staking.

Competitive Advantage of Moon Rabbit DeFi 2.0

Besides the general advantages of the Architecture of Moon Rabbit, which is described in detail on our home-page and within the Cryptoeconomic Paper, the DeFi 2.0 Suite offers distinct protocol design advantages:

  • High accuracy of interest rate calculation due to per-second rate compounding (as opposed to per block compounding used by existing protocols);

  • Easily customisable protocol parameters such as liquidation threshold, reserve factor, reward per block, etc. – which opens up efficient DeFi management and customisation for DAOs that could become crucial stakeholders for Moon Rabbit DeFi ecosystem;

  • Adaptive asset pool rewards to maximise capital efficiency;

  • Modularity of Smart contracts makes them easily upgradeable.

We are excited about the future of web3 and Moon Rabbit’s protocols and verticals are here to onboard the next billion users into crypto. Stay tuned as we will share similar updates about our other verticals such as NFT, Metaverse and Longevity in the future! If you have any proposals or projects, share them with our community on one of our social media channels. Multiple bounty pools in $AAA are available for builders of exciting products and protocols for Moon Rabbit!

Infrastructure Upgrades
Autumn 2021

This update is released for the benefit of the Moon Rabbit community as well as the more technical bunnies curious to see development progress under the hood. As Moon Rabbit is a Metachain, an infrastructure combining several distributed ledgers running natively and bridged to several other chains, all the moving parts need constant upgrades to make our network more performant and useful.

Four key areas of Moon Rabbit Core Development for Autumn 2021 are Substrate Main-Net Upgrades, EVM-Jurisdiction and its initial dApps launch, Cross-Chain Portal and Library. Each is discussed in turn below. All these elements are expected to go live before December 2021, unless marked otherwise, many of these will go live in November, with specific dates to be communicated on our social media closer to release date.

Substrate Main-Net Upgrades

  • We begin merging the new Explorer (currently Temple Staking UI temple.moonrabbit.com) with Rabbit Hole (currently default explorer hole.moonrabbit.com). We will overhaul the design and merge these two panels into one convenient interface, which will become the new Rabbit Hole, including Staking, Wallet, Bridge and dApp Directory. It will be redesigned with a new sharper look and focus on Mobile-first experience (responsive and fast-loading).

  • New Rabbit Hole will have an overhauled Back-End with ability to search individual Transactions, Wallet Histories and individual actions on-chain in real time. Detailed statistics and on-chain analytics will also get overhauled (map of Temples, top holders table, live statistics dashboard, overview of Jurisdictions, Staking and Temples)

  • We also plan to launch a Mobile-Native Main-Net Wallet (Android/iOS) to permit secure private key generation (increasing Seed Phrase to 24 words, instead of 12) and storage (encrypted storage within the phone), seamless app-based mobile management of Moon Rabbit ecosystem, staking, transfer of funds, collecting NFTs and more. We are likely to release a product roadmap for such a wallet with a final release date, including technical stack (open-source or commercial)

  • We also intend to enable Main-Net Interoperability with hardware wallets Ledger and Trezor. A detailed roadmap on this will also be released at a later stage.

  • Test-Net Development sandbox release for developers with testAAA faucet

  • Following community feedback from the first release of Temple UI, we will be fixing all current bugs related to staking, i.e. incorrect display of balance for staking, rewards payout and confusing numbers system, updating the UI with a more intuitive dashboard for users to keep track of their staking performance

  • We are currently continuing R&D on a Substrate-based Cross-Chain DEX development in parallel to our upcoming EVM-based DEX. Moon Rabbit is actively looking for a talented team of Rust/Substrate developers to scale our efforts to build a functional cross-chain DEX. Our Liquidity Partners are able to offer a generous bounty and guaranteed annual budget to the selected team who will help us build a Cross-Chain DEX on Moon Rabbit Main-Net.

EVM Jurisdiction Upgrades:

  • First order infrastructure release for the Moon Rabbit EVM Jurisdiction will be the Explorer. While we will ultimately integrate EVM Explorer into the Rabbit Hole, this may take 2-3 months to achieve and thus we may launch an intermediate Explorer for the EVM, while integration into the Rabbit Hole will happen in parallel. A detailed update on the Explorer will be shared within the next 2 weeks.

  • Our stable Moon Rabbit EVM Main-Net is live with 100% uptime, Temples of the Mount Olympus, the Governing layer of Moon Rabbit Metachain have voted in favour of adding it as the new Jurisdiction of Moon Rabbit, extending the security, scalability and cross-chain composability of Moon Rabbit to the EVM. The propagation of validation on the Main-Net takes 1 Epoch and thus the full launch of EVM for the public is planned around 27 October 2021.

  • The public launch of EVM will permit any Ethereum-compatible wallets, such as Metamask, to interact with Moon Rabbit EVM in the same manner as Ethereum.

  • The EVM will immediately activate the Moon Rabbit NFT Protocol, which will include the NFT Minting Factory, Moon Rabbit NFT Marketplace, and NFT Modding tools. A series of unique NFT Collections are due to launch on Moon Rabbit in November, which will be available to only $AAA holders. One NFT collection will be GameFi NFT on-chain adventure Rad Rabbits (their webpage radrabbits.org is coming soon)

  • Around the same date a community-developed DEX, offering token swap, farming and liquidity mining tools is expected to launch on Moon Rabbit. While the Moon Rabbit team is still doing due diligence on the two most advanced community- managed DEXes, we expect Liquidity Mining Programme to launch on one or both of these DEXes offering special rewards for $AAA LPs on the DEX.

  • While we do the best efforts to check the good intent of the projects, ultimately our EVM is permissionless and we do not control the content that developers put on Moon Rabbit EVM. We thus encourage the participants to do their own research on the projects and DEXes and consider various risks.

  • Alongside the Public EVM Main-Net, we have launched the Test-Net launch and Faucet. Any teams building on Moon Rabbit can request testAAA to perform QA or other live testing of their dApps, protocols and smart contracts.

  • New Dapps for EVM are expected to arrive in November/December. We offer generous bounty to all exclusive launches on Moon Rabbit network, so any professional and motivated teams are welcome to get in touch with the team about support for launching on our Network. For the most promising projects our Accelerator support (https://moonrabbit.com/accelerator/) is also available

Cross-Chain Bridge Portal:

  • We expect to merge multiple Bridges into one single Portal. Initially the first three variations from the list below will be bundled together, launching in stages in late October and early November. Later the fourth variation will be included. The portal will permit the following transactions 

    1. Transfer of ERC20 AAA on Ethereum Main-Net to Moon Rabbit EVM, where AAA performs the function of ETH for the purposes of interacting with Moon Rabbit network.

    2. Transfer of any ERC20 tokens to the equivalent tokens launched on Moon Rabbit EVM. We will likely commence with the top 200 most popular ERC20 and the list will continuously expand.

    3. Transfer of any NFTs between Ethereum Main-Net and Moon Rabbit EVM. Any NFTs minted on Ethereum can now be brought to Moon Rabbit and offered on its marketplace, and vice versa. Any NFTs originated from Moon Rabbit can be brought to Ethereum, and onward to Polygon and potentially offered on Opensea or other NFT marketplaces.

    4. We will later also merge our existing bridge from Ethereum Main-Net to Substrate Main-Net with the multi-bridge Portal.

Library (formerly Developer Hub): 

  • As our network grows more complex, we will be integrating a Wiki-Style Database of Tutorials and FAQ into moonrabbit.com homepage.

  • It will be in two sections: one for general users and one for developers, for whom it will serve as the main point of reference for any integrations, interactions with our network

  • Full documentation to be included about Substrate Main-Net, Bridges, EVM Main-Net and all future projects, and wider infrastructure metrics

  • Full Documentation describing the EVM network. Basic capabilities, TPS, number and location of nodes, how to build on Network. It will also include all relevant links to interact with the system

  • The Library will be continuously updated with new Tutorials, Tools and Instruments.

We always welcome constructive feedback about our technical infrastructure and welcome any new collaborations with builders seeing the potential of Moon Rabbit and its Web3 infrastructure. Reach out to us via email or telegram to pitch any improvement proposal. We are eager to maximise the community contribution to the success of our network!

EVM Jurisdiction Brings Ethereum and Smart Contracts to Moon Rabbit

As Moon Rabbit Main-Net has successfully, without any downtime or crashes, generated over 1.1m blocks and launched Multi-Tiered Delegated Proof of Stake Temples, offering its users and stakeholders instant execution of transfers and processes thousands of times cheaper than Ethereum Main-Net and any of its Layer-2 scaling solutions such as Polygon or Arbitrum, while offering Layer-0 and Layer-1 security, our core development efforts have focused on the roll-out of the Ethereum Virtual Machine (EVM) Jurisdiction that brings full compatibility with Ethereum-based smart contracts, dApps and wider infrastructure, while offering gasless (free) transactions for most of the popular interactions within the system.

Within the EVM Jurisdiction, the primary digital unit (cryptocurrency) of the network is AAA, and its functions and roles correspond to those of ETH in Ethereum Main-Net. AAA on the EVM Jurisdiction will be swapped at a 1:1 rate with AAA on Moon Rabbit Main-Net and Ethereum Main-Net through dedicated Portals (digital bridges transferring tokens and data between different chains within Moon Rabbit ecosystem) and the initial supply of EVM Jurisdiction will be 8’888’888’888 AAA, which will initially be minted on Ethereum mainnet shortly before launch of the Bridge between Ethereum Main-Net and EVM Jurisdiction in early November. EVM Jurisdiction has both the Main-Net and Test-Net. Developers can request free testAAA for building and testing purposes. We also offer AAA bounties for any dApps launched, built or ported on Moon Rabbit EVM Main-Net.

Our EVM Jurisdiction, through the efforts of the core team, its partners and community-run initiatives, will initially focus on the following products, which are expected to launch during Q4 2021:

  • Multiple Wallets – Any EVM compatible wallet, such as Metamask, should already be able to connect to the Moon Rabbit EVM Jurisdiction to interact with the network, store tokens and NFTs and perform other functions that MetaMask is capable of. Instructions on how to use MetaMask with Moon Rabbit will be posted in our Library.

  • Explorer – an upcoming explorer will permit full overview of the EVM network activities

  • NFT – a permissionless and trustless protocol suite of NFT management will be launched by the end of October 2021, alongside the first NFT collection offered exclusively to the AAA community. The NFT suite will include a minting studio, for both individual NFTs, in any format, and collections of NFTs with specific traits or characteristics; a dedicated marketplace where NFTs can be auctioned off, exhibited or sold; and a two-way NFT Bridge between Moon Rabbit EVM and Ethereum Main-Net that allows to bring Ethereum-originated NFTs to arrive to Moon Rabbit and vice versa. V2 of Moon Rabbit NFT Suite will follow at the end of November 2021.

  • DEX – a permissionless and trustless protocol suite for decentralised swapping of tokens is in the process of development by multiple teams. While exact timelines depend on community-driven initiatives, it is expected that at least one DEX will become fully operational on Moon Rabbit EVM within Q4. It will be accompanied by liquidity mining for AAA, farming tools as well as a two-directional bridge between Moon Rabbit EVM and Ethereum Main-Net for any ERC20 tokens to migrate between the two chains.

  • DeFi – a permissionless and trustless protocol suite for decentralised finance (DeFi) applications such as loans, insurance, crowdfunding, asset management, derivatives is currently under development. Due to the multitude of existing DeFi protocols on Ethereum, Moon Rabbit is actively seeking external teams or community contributors able to port the most popular DeFi protocols onto Moon Rabbit.

  • DAO – a permissionless and trustless software suite for designing, launching and managing decentralised autonomous organisations (DAOs) for any purpose. It will cross-over with other pillars of Moon Rabbit, in particular NFTs and DeFi, and can also be used for any other digital collectives or community initiatives. Due to the multitude of existing DAO implementations on Ethereum, Moon Rabbit is actively seeking external teams or community contributors able to port the most popular DAOs onto Moon Rabbit.

Short-term, Moon Rabbit EVM Jurisdiction offers significantly a more affordable and scalable alternative to Ethereum, without excessive gas fees, transaction bottlenecks or environmental footprint, while benefitting from the underpinning security of Mount Olympus, Moon Rabbit’s substrate-based Metachain that connects different Jurisdictions and external blockchains together. Long-term, it creates a foundation for cross-chain operability and composability, becoming the abstraction layer to connect different blockchains, such as Bitcoin, Syscoin, Ethereum and many others.

As the initial users, builders and contributors are fundamental to the success of the ecosystem, Moon Rabbit offers generous packages of a mix of unlocked and staked AAA to incentivise builders and contributors to help Moon Rabbit’s infrastructure gain a multitude of valuable functionalities, while aligning their objectives with the long-term goal of the growth of the Digital Economy of Moon Rabbit. We welcome any enquiries and meaningful proposals from developer teams, individual contributors and software development houses interested in building Moon Rabbit together.

Temples Approve Sacrifice and Light Up Altars

Mount Olympus Temples validating blocks on the mother chain of Moon Rabbit have reached consensus on performing the following cryptographic rituals:

  • Sacrifice the total outstanding AAA supply to Moon Rabbit
  • Light up altars of Temples blessing congregations with rewards

A number of secondary updates are also discussed below.

AAA Sacrifice and supply update

Following the fair launch of Moon Rabbit, all remaining AAA on the main-net have been marked for burning. The supply burning is set to occur and be fully executed on the network before the next full moon. The new supply is 8’888’888’888 AAA, distributed between Moon Rabbit Main-Net and Ethereum. Outstanding pool of AAA for rewards will be burned, and instead, dynamic block rewards are activated to scale Moon Rabbit network and reward Temples and Congregations.

Temple Altars Light up and staking update

Temples perform the important function of assurance of security, scalability and cross-chain communications of Moon Rabbit. Contributing to the long-term economic security of the network through Delegated Proof of Stake and providing assistance in block validation and data exchange, Congregations (holders of AAA opting for staking) are rewarded by their respective Temples. Six Temples are currently onboarding Congregations, offering different staking mechanisms and reward models. As the network is in the ascendence stage, the rewards for the initial congregation members are generous. As the network grows, the rewards for newcomers will be significantly lower as the new rewards are distributed between an ever-growing number of Temples and Congregations.

Awakening Temple – for those whose minds have entered the state of Awakening, transition from the illusory world of slumber needs to be gradual in order not to shut down the mind. Therefore, Awakening Temple offers staking without any commitment. Awakening Temple rewards Congregation members with Annual Percentage Yield (APY) of 24% AAA. Rewards are distributed on a monthly basis, so a minimum of 1 month staking is needed to obtain rewards. While there is no minimum period for staking, unstaking from the Awakening Temple requires a period of 1 week.

Exploration Temple – once awakened, the mind begins to explore the possibilities, many questions emerge, and the initial interactions permit gain understanding. Exploration Temples require lock-up of AAA for 3 moons (88 days) and pay out rewards at an APY of 67%, with both the rewards and the initial stake fully unlocked at the end of staking.

Perception Temple – exploration leads to understanding of fundamentals that tell a story. Suddenly, a notion of new dimensions becomes apparent to the mind, as it begins to perceive. Perception Temples offer those perceiving the fundamental value of Moon Rabbit Network a 6-moon-long (177 days) staking lock-up and distributing 200% APY, likewise fully unlocking the stake and rewards at the end of the staking term.

Enlightenment Temple – initially, the mind perceives the unknown dimensions in haphazard ways. Bits and pieces of knowledge that seem to be part of something bigger, yet the meaning escapes the mind. It is barely beyond reach. And then suddenly, Enlightenment comes: that’s what Moon Rabbit is all about. Enlightenment Temples offer a staking cycle of 12 moons for the truly enlightened congregation. APY is 500%, fully paid out upon the ending of the Enlightenment staking cycle of 12 moons (355 days).

Transcendence Temple – enlightenment opens new dimensions that suddenly become accessible. They actually communicate to you. Your state enters what is beyond. To gain you must let go. Transcendence cycle is 24 moons (710 days) and offers 400% APY. Enlightened minds may find solace in higher APY, yet one must transcend to view the chessboard from above and see that the Enlightenment Temple’s APY is guaranteed for 12 moons only and cannot be extended. 1/4 of the Year 1 rewards is unlocked at the end of Year 1. The remainder is unlocked at the end of two years.

Immortality Temple – having awoken, gained perception through exploration, enlightened and transcended, you have walked the whole path to divinity. You reach immortality. Immortality Temple offers 300% APY for a period of 48 moons (1420 days), of which 1/3 of Year 1 rewards is unlocked at the end of Year 1; 1/3 of Year 2 rewards is unlocked at the end of Year 2; 1/3 of Year 3 rewards is unlocked at the end of Year 3. The rest is unlocked at the end of 4 years. Immortality Temple Congregation members locking at least 333’333’333 AAA in Immortality Temple will also receive a Longevity DAO NFT Membership permitting the NFT holder to be in priority for life extension.

Additional rewards updates:

  • All AAA holders who had transferred their tokens to Moon Rabbit Main-Net either via bridge or via Burning Ceremony before 1 September 2021, will receive an airdrop of rewards from the Awakening Temple, with whom they have automatically been staking. This will correspond to 2% of the main-net wallet holdings as per the end of August 2021. The airdrop is expected to be completed before 7 September 2021.
  • As Temples expect to activate Congregation staking functions towards the end of the month, Temples are going to perform a snapshot of main-net AAA holdings on 9 September 10:00 UTC. All holders of AAA who had transferred their tokens to Moon Rabbit Main-Net either via bridge or via Burning Ceremony, will receive a one-off Exploration reward for September, equivalent to 1/12 of 67%, that is 5.58% airdrop reward on their AAA holdings on the main-net.
  • As we expect main-net to fully activate staking mechanisms offered by various Temples no later than the end of September 2021, subsequent rewards will be done through a UI that will be activated inside the Moon Rabbit wallet with the next network upgrade.

Moon Rabbit – Through Crypto We Seek Immortality

Welcome, Friend,

We assume you are reading this Story, having already explored the first full version of our webpage moonrabbit.com. This Story is structured as a series of “Why” questions followed by extended answers. 

Though our endeavour may seem straight outlandish to an uninformed observer – seeking immortality – many great discoveries and inventions were made when visionaries dared to dream and focused their efforts, resources and creativity to pursue those dreams. To many, the early promises of electricity seemed akin to black magic, later the same incredulity focused on the Internet – many of its vocal doubters and opponents were unable or unwilling to imagine all the positive transformation it could usher in. Bitcoin was also dismissed by far too many and now, in retrospect, its rise seems to have been inevitable…

Thus, longevity, the quest to a longer, healthier – and possibly eternal – life, may seem impossible. And yet we dare to dream, and act upon our vision. Ample techno-scientific progress has been made on all fronts that warrants acceleration of radical and experimental niches that may unlock the secret of life. We are assembling the most advanced technologies at our disposal, from crypto and biotech, to set out upon the Quest to seek immortality.

We hope to have you join us on our Quest!

***

Why Moon Rabbit?

While Moon Rabbit may appear to some as a meme, the identity of Moon Rabbit has a long and powerful lineage, tracing back its roots to ancient folklore originating in China, from where it spread all over East, South East and South Asia, becoming an integral part their mythologies. While legends vary from country to country, what unites them all is the notion of a mythical rabbit who lives on the moon and pounds the elixir of life with a mortar and pestle. In one particular legend, from the Buddhist Jataka tales, having encountered a poor old man begging for food on the day of full moon, a rabbit threw itself into the fire to offer its own body and feed the man. The man revealed himself to be Sakra, Lord of the Devas and ruler of the highest of the heavens that directly contacted with humankind. For the selfless, charitable act of the rabbit, he spared him from burns of the flames and drew a likeness of the rabbit on the moon. The rabbit itself through its virtue set out on the path to Divinity. Dozens of variations of this legend across Asian cultures have enshrined Moon Rabbit with the virtue of selflessness and the power to give life.

This is why we adopted Moon Rabbit as the identity of our project, and why our logo portrays Moon Rabbit with a pestle. Crypto and web3 will enable Moon Rabbit to find the mortar, while the longevity industry will provide the necessary ingredients to create the elixir of life. 

Why Longevity?

Because since the emperors and pharaohs of great civilisations of yore, through the savage king-warriors of the Dark Ages, through the philosophers of the Enlightenment, through the ferocious dictators of the XX century, through the top of the top of modern-day financial and political elites – the greatest of the greatest – have desperately and fiercely sought to live forever – and forever Time has been consuming them all, turning their bodies and their empires to dust…

Time is the ultimate asset and it is priceless for those who understand its value. Even if we stand a one in a trillion chance of discovering the secret to a longer or healthier life, it is already worth pursuing. And so, we set upon the quest to discover the meaning of life through the prism of fundamental science and applied philosophy, in order to perhaps approach the zone where time bends and Immortality can escape the chimeric dimensions to enter our realm… Or, perhaps, vice versa?

Why Crypto?

Crypto – true Crypto – is a radical socio-technological construct that has shifted the paradigm of the abstract concepts of ownership, interaction and sovereignty. It has transformed the very core of the political, social and economic fabrics of our modern society to the extent that only the so-called Industrial Revolutions to date have, much of its vast transformational potential yet to be tapped; and the current state of Crypto being the foundations of the multi-generational Babel Towers, Notre Dames and Sagrada Familias. Crypto has amassed an unthinkable critical mass of thinkers, doers, schizos, shills, opportunists, dreamers, radicals, geeks, freaks – and the Escape Velocity has been achieved, with everyone from Elon Musk to your Uber driver dancing to the beats of another mined block…

Moon Rabbit is built upon the philosophy of self-sovereignty, censorship-resistance and participative governance, pioneered by Bitcoin. It complements this philosophy with the cutting edge web3 technologies that permit massive scalability, cross-chain interaction and security. At the low level, it permits crypto entrepreneurs to launch their own general purpose, DeFi, NFT, eSports, payment or any other applications and protocols and monetise them through our Metachain and native AAA token. At the high level, this technological foundation feeds into the Longevity DAO that aims to accelerate radical and experimental subsets of longevity, by offering researchers and entrepreneurs crowdfunding, crowdsourcing, web3 collaboration, open-source tools and scalable data processing tools of Moon Rabbit, unlocking previously unthinkable collaboration and monetisation pathways.

Why AngoZaibatsu?

Moon Rabbit AngoZaibatsu LLC is structured as a crypto-conglomerate. Hence the corporate structure suffix AngoZaibatsu. In Japanese, “ango” means crypto, but it also means “dwelling in peace”, whereas Zaibatsu refers to vertically integrated business conglomerates of the Japan Empire times. So powerful, they were able to drive the empire strategy – and were ultimately made illegal. Thus, we are reviving the Zaibatsu structure with a crypto DNA. Hence the name AngoZaibatsu. AngoZaibatsu does not sell itself to the legacy financial system. This is why we have rejected Venture Capital funds and Private Equity funds and why there will not be any exit through an IPO or M&A. AngoZaibatsu operates in the crypto realm and only stays true to the vision of Moon Rabbit. The cryptoeconomic model of AAA was specifically designed to assure self-sufficiency and sovereignty of Moon Rabbit. The network is rapidly scaled and decentralised to make sure that it is not under anyone’s control.

Importantly for our Moon Rabbit community, our cryptoeconomic model provides a stream of rewards for Temples, our mother chain validators, for the next 100 years, until the year 2121, a lifespan of rewards longer than that of Bitcoin. If we do discover viable life extension solutions, we will gather together with our community in 2121 to determine the new rewards system to maintain the self-sufficiency of the AngoZaibatsu. If we don’t, well, we will all be dead by then and it won’t be our problem…

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We hope you now have a deeper understanding of our identity, mission and strategy. We are driven by the community who act as the extended team and ambassadors of the project. We welcome any proposals and meaningful collaborations. Over time, we will be expanding our web portal and populating it with the most demanded features. All community members bringing specific value to the project are always rewarded with bonus in AAA cryptocurrency. We also have multiple full-time positions open with the project, ranging from Team Lead through Product Managers through Analysts and Business Developers.

Over the next few weeks we will be launching a dynamic roadmap, including short-term and long-term objectives; a detailed cryptoeconomic dashboard for the Rabbit Hole (hole.moonrabbit.com), our network explorer; a developer hub, and many other features. We are getting integrated and added into various crypto- and longevity-related networks, databases and indices, and will be featuring them over time.

We do hope our vision inspires entrepreneurs, researchers, inventors and philosophers to join Moon Rabbit. We are more than just crypto, more than just a network, more than mere philosophy. We dare to dream about transcending the conventional boundaries of humanity and one day to discover new dimensions, experience new worlds and enter new states.

May Moon Rabbit help us get there!