Xtina

cofounder at @squidrouter

[Xtina @0xtna]

Let’s talk about revenue.

for a long time crypto was more concerned with ideas than hard numbers.

but we’ve grown up. we’re at the point in our evolution where revenue needs to come first.

at Squid we are lucky to have built out revenue from multiple sources. our frontend fees, our cross-chain onboarding, bespoke builds for institutional and blockchain partners. it is revenue with strong projections, and diverse inputs.

can we normalize this?

[squid @squidrouter]

(Revenue is possible)

[Xtina @0xtna]

Don't lead with fear

i don't think fear is a useful tool for getting the best out of people who are already intrinsically motivated

i have watched fear-led companies up close, and they get a worse version of everyone who works for them

[Xtina @0xtna]

We completed our seed round just after FTX

we were born in the shadow of Terra Luna

we’ve always put security, reliability, and transparency at the heart of everything we do

today we are still as full of energy and innovation as we were then, but 4 years wiser

[Xtina @0xtna]

“I love your brand”

every time I speak to people in the wider crypto industry people say the same two things to me, without fail:

“I love your brand” and “Squid just works”.

building a unique and meaningful brand and aesthetic has been really important to us from day 0. But without a product that is reliable and secure it’s meaningless.

style *and* substance is the goal.

[Xtina @0xtna]

@Glenn6 @sanjaybuilds_ New team slides?

[Xtina @0xtna]

My remote team rule

cap your team timezones to 2, max

any more you’re going to burn someone out, probably yourself

[blocmates news @blocmatesnews]

// tldr //

@squidrouter is a non-custodial, full-stack infra layer that facilitates the movement of digital assets across multiple networks (100+)

if you think squid is merely a “a bridge app," you're kinda wrong

squid isn't a single product or narrow tool. it is a vertically integrated platform that owns the full stack: from its own intent-based settlement protocol and routing engine, all the way to developer tooling and consumer interfaces

under the hood, squid combines multiple layers that ultimately help you move anything and everything onchain

full breakdown in the article below 👇

[Xtina @0xtna]

The State of Squid today...

we’re on the edge of a major new era in crypto, a sea-change.

the institutions are coming to bring their own assets onchain, not to buy our bags.

i'm proud of where we are today... Squid is uniquely positioned at the interface of consumer finance and institutional capital influx.

no one else has the breadth of connectivity, expertise, and reliability that we do.

[squid @squidrouter]

https://t.co/6JuPViUCux

[Xtina @0xtna]

@alexblocmates tysm, trying our best 🤝

[Xtina @0xtna]

Crypto isn’t dead, it just grew up.

This industry is alive and well. And if you know where to look, it is thriving more than ever.

[alex @alexblocmates]

Just called it on a day of shooting with the Squid team. Big fan of everything these guys are going for directionally and the strategy they’ve laid out to get there.

Got a bunch of stuff coming out soon. The job is easy when you get to do it with good people.

[squid @squidrouter]

This incident is unrelated to Squid’s core protocol and contracts. All Squid users and integrators are unaffected and no action is needed.

A third-party Gnosis Safe module was exploited today across Base and Ethereum, resulting in approximately $3.2M in losses. The vulnerable contract is verified on Basescan under the name “SquidRouterModule” but this contract was not built, deployed, or operated by Squid. It is a third-party smart-wallet product that chose to integrate with Squid, among other protocols, but has not been in contact with us.

The exploit worked because the third-party module accepted a caller-supplied constant string as proof that a message was secure. If you pass in this string (which is publicly available in the verified contract’s code), then you can execute an array of arbitrary calldata, stealing funds at will. The victims’ Safes had added this faulty contract as a trusted Safe Module, which gives the contract the ability to spend any tokens in the Safe without signatures. Squid’s own router (0xce16F69375520ab01377ce7B88f5BA8C48F8D666) is architecturally different and was not touched. Squid user funds, approvals, and integrations are fully secure.

Early public reporting may reference “SquidRouter” due to the contract’s verified name on Basescan. The accurate framing is: a third-party SquidRouterModule was exploited, not Squid’s Router contract. The contract shares our name but is not our code. We are monitoring the situation and will share updates if anything changes materially.

[squid @squidrouter]

Thank you for believing in Squid ✨

This is just the beginning.

[Xtina @0xtna]

Proud of today’s announcement. The bar for capital raise in crypto has never been higher.

Smart people are still deploying in crypto today, but the thresholds are rightly stricter than they have ever been.

We’re really excited to show you what we’ve been building.

[squid @squidrouter]

We are proud to announce that Squid has raised $6M in funding round led by North Island Ventures and backed by strategic investors!

Our new chapter has begun, with more news coming soon. Today we celebrate and say thank you. CHEERS 💫

[Xtina @0xtna]

@squidrouter Go team go!!🥹✨💜

[Xtina @0xtna]

My *biggest* learning after 10 years of hiring for start-ups

Personality is way more valuable than skill or experience (for non-technical roles)

You can teach most things to the right person, and we're all learning on the job anyways.

[Xtina @0xtna]

I believe rigorous and joyful are not opposites in a product worth using

I believe in Squid.

[Xtina @0xtna]

Security is insanely important in our industry

We launched Squid in a sector that has suffered more exploits than any other

Security isn’t interesting. You can’t hype it. You don’t care about it until it matters, and then it’s all that matters

We have to get this right

[Xtina @0xtna]

You can have your cake and eat it too.

Some people think being playful and serious are contradictions, but the best crypto brands have put the two together seamlessly.

Joy and sincerity can marry together in a way that makes sense when you experience it.

Squid is proof of that

[squid @squidrouter]

Xtina believes too ✨