I wanted to let folks know (specially @senior.joinu who definitely put time and effort) that Igor Lilic (@ililic ) will be the person who manages this thread from the Foundation side. This project is clearly very early compared to other much more baked ones (see Increased Canister Storage), but I wanted to let people that I am working to get every thread spinning, engaged, and with the same clarity as the more baked ones.
In the meantime… please feel free to discuss, tell the community what you agree/disagree on from prioritization to implementatoin.
1)Unify the Account system, somewhat resembling the Ethereum Account Model, where users can use Account IDs to store ICP tokens, other fungible tokens, and NFTs.
2)Unify the generation rules or settings of the third-party wallets.
3)Build more functions for Internet Identity and NNS, such as a) The canisters can get the Account ID information of a user’s ICP with the authorization by the user; b) NNS can act as a third-party and render the authorization of the transfer of ICP, thereby supporting more token standards.
Not sure if this thread is still live but if it is, what still needs to happen to arrive at fungible token standards? And is there a better place to get a big picture understanding of the various suggestions?
For one, the Sonic DEX launched last month, and they use the DIP20 standard.
Other DEXs like InfinitySwap are planning to launch soon, and I believe many of them are developing their own independent token standards.
At the same time, the SNS project (being developed by DFINITY) also requires a ledger canister, and the design of that should be coming out soon, as it’s slated for a Q1 2022 release. Needless to say, a ledger canister design is essentially a token standard.
So yeah, a lot of work on this front, but no clear “winning standard” that the community has coalesced around.
Dfinity Fungible Token Standard v0.4.0 is released
this release contains a large number of automated integration test cases to verify the reliability of the code. As the infrastructure of DEFI, reliability and security are the most important things