Roadmap Q1 2021

Roadmap Q1

Transitioning Branding Assets to new identity (end of January 2021)

Except as2ng to be versioned release (meaning a stable 1.0.0 release — right now its considered ‘beta quality’ mid February)

Nodes will be converted into a new setup detailed below. This new setup *should* generate positive cash flow, and you will see how below.

This is a strategy that realizes profit by smart transaction batching for the purposes of arbitrage by controlling transaction ordering. This is a strategy that will be maintained under the Manifold Finance name but will utilize the available nodes running different software for this purpose.

This service will also be of value to Baseline Protocol, as it ensures transactions will stay private until mined. When you read the strategy below you will see why we mention this beforehand: This is more than just an arbitrage strategy, it also provides secure main net access that is not addressed currently by any provider in the context of business usage / baseline.

Right now every user sends a transaction directly to the network mempool and thus give away the arbitrage, front-running, back-running opportunities to miners(or random bots).

YCabal creates a virtualized mem-pool (i.e. a MEV-relay network) that aggregates transactions (batching), such transactions include:

DEX trades
Interactions with other protocols
Auctions
etc

By leveraging batching, miner transaction flow, and providing additional performant utilities (e.g. faster calculations for finalizing), we can realize the following potential avenues for realizing profitable activities:

The whole point of Backbone Cabal is to maximize profits from user actions which gets distributed for free to miners and bots. We intent to extract this value and provide these profits as **cashback** to users.

For example: A SushiSwap trader who loses X% to slippage during his trade can now get X-Y % slippage on his trade, because we were able to back run his trade and give him the arbitrage profits.

Backbone Cabal gets better and better as more transactions flow because there is less uncertainty about the future state of the network.

Profits can be rebated to end users

Other protocols can join the network and turn their transaction flow into a book of business with our network of participants

ArcherDAO
Manifold Finance
Kafka based JSON RPC and API Gateway
kdb+

DDoS
Exploits
Additional Disclosures forthcoming

YCabal uses a batch auction-based matching engine to execute orders. Batch auctions were chosen to reduce the impact of front running on the exchange.

Orders are sorted based on their price, and order ID. Order IDs are generated at post time, and is the only part of the matching engine that is time-dependent. However, the oldest order IDs are matched first so there is no incentive to post an order ahead of someone else’s.

We have already spoken with SushiSwap, and will be pursuing this actively.

Several people from the ShipChain community have reached out to us looking for a possible merger or integration, a proposal of what that would look like is forthcoming and will be put to a vote if the community thinks it’s a good move.

I hope you can see the cross overs already with Manifold Finance and Freight Trust/AS2 Network. You can see that the name change to AS2 Network already makes sense in the view of the network layer being an enterprise / premium connectivity service rather than just a use-case specific service. More details after the launch of Manifold will be announced, and this sort of expanded focus will help ensure the networks viability in the short run. Our focus on providing physically settled commodities on-chain is within reach with this expansion, along with bringing in the partnerships like Drewry that we have worked over the last year finally to market.

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