Hey everyone!

Welcome to Weekly Update 113. We hope you all had a nice Easter, or are having if you’re still celebrating! For this week’s update, we’ll be going over the first round update from Raiden Trust along with covering the testing the team has been up to this week. Let’s dig in!

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Raiden Trust updates

Raiden Trust was established with the goal of independently managing funds in order to support projects and parties that help build and grow the Raiden Network ecosystem. If you are not familiar with it, you can find more information in the introductory blog post.

Last week Raiden Trust introduced their first grantee, PISA. The PISA team is already working on an ‘accountable watching service’ which simply explained is a different approach to the monitoring service. They will use the funds to continue their work on delivering a working version of PISA, and then work on a Raiden integration.

Furthermore, Raiden Trust also introduced the Advisory Board. The Trustees have appointed experts with technical, business and community backgrounds in order to better review each grant application from several angles. The list of members and a short description of their expertise can be found in the blog post.

Development progress

The development team continued testing the release candidate in order to make sure everything is ready for the Alderaan release. Last week the test plan on the Gorli testnet was successfully completed and the team started preparing for executing a similar plan on the Ethereum mainnet. Part of the preparations was making new release candidates of all the components. The new release candidates include fixes for several issues found during the first testing phase.

In the upcoming week, we can expect the development team will continue with the mainnet test plan.

Conclusion

To wrap up this Weekly Update, most of the previous week was dedicated to testing and looking towards mainnet. The team created two new release candidates, the most recent being RC5, which you can run and try out the pathfinding and monitoring service on Gorli by making a deposit of the service token to the User Deposit contract. If you’re waiting on Alderaan to go live on mainnet then we’d definitely recommend trying this release candidate out on testnet since it’ll be very similar to the experience we can expect from Alderaan. If you have any questions about this update or just want to know more about the Raiden Network overall, then don’t hesitate to leave a comment and we’ll get back to you the best we can.

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Cheers!