100X Plan

@xxscanio team

[jack @jack]

we're making @blocks smaller today. here's my note to the company.

####

today we're making one of the hardest decisions in the history of our company: we're reducing our organization by nearly half, from over 10,000 people to just under 6,000. that means over 4,000 of you are being asked to leave or entering into consultation. i'll be straight about what's happening, why, and what it means for everyone.

first off, if you're one of the people affected, you'll receive your salary for 20 weeks + 1 week per year of tenure, equity vested through the end of may, 6 months of health care, your corporate devices, and $5,000 to put toward whatever you need to help you in this transition (if you’re outside the U.S. you’ll receive similar support but exact details are going to vary based on local requirements). i want you to know that before anything else. everyone will be notified today, whether you're being asked to leave, entering consultation, or asked to stay.

we're not making this decision because we're in trouble. our business is strong. gross profit continues to grow, we continue to serve more and more customers, and profitability is improving. but something has changed. we're already seeing that the intelligence tools we’re creating and using, paired with smaller and flatter teams, are enabling a new way of working which fundamentally changes what it means to build and run a company. and that's accelerating rapidly.

i had two options: cut gradually over months or years as this shift plays out, or be honest about where we are and act on it now. i chose the latter. repeated rounds of cuts are destructive to morale, to focus, and to the trust that customers and shareholders place in our ability to lead. i'd rather take a hard, clear action now and build from a position we believe in than manage a slow reduction of people toward the same outcome. a smaller company also gives us the space to grow our business the right way, on our own terms, instead of constantly reacting to market pressures.

a decision at this scale carries risk. but so does standing still. we've done a full review to determine the roles and people we require to reliably grow the business from here, and we've pressure-tested those decisions from multiple angles. i accept that we may have gotten some of them wrong, and we've built in flexibility to account for that, and do the right thing for our customers.

we're not going to just disappear people from slack and email and pretend they were never here. communication channels will stay open through thursday evening (pacific) so everyone can say goodbye properly, and share whatever you wish. i'll also be hosting a live video session to thank everyone at 3:35pm pacific. i know doing it this way might feel awkward. i'd rather it feel awkward and human than efficient and cold.

to those of you leaving…i’m grateful for you, and i’m sorry to put you through this. you built what this company is today. that's a fact that i'll honor forever. this decision is not a reflection of what you contributed. you will be a great contributor to any organization going forward.

to those staying…i made this decision, and i'll own it. what i'm asking of you is to build with me. we're going to build this company with intelligence at the core of everything we do. how we work, how we create, how we serve our customers. our customers will feel this shift too, and we're going to help them navigate it: towards a future where they can build their own features directly, composed of our capabilities and served through our interfaces. that's what i'm focused on now. expect a note from me tomorrow.

jack

[CHAINFLIP @Chainflip]

Here’s a first look at Chainflip Lending.

Borrow and lend natively across chains with a product that makes everything clear, simple, and powerful.

All the important details, right where you need them.

[100X Plan @100xplan]

@buidlpad I'm supporting Lombard to build the onchain Bitcoin Capital Markets through its Community Sale on Buidlpad Now!

LFG!

[100X Plan @100xplan]

I'm supporting Lombard to build the onchain Bitcoin Capital Markets through its Community Sale on Buidlpad Now! @Lombard_Finance @buidlpad

[Buidlpad @buidlpad]

✨ Subscribe NOW to Enter the $BARD Lucky Draw! ✨

A chance to win undiluted $BARD allocations.
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Time to be creative and follow the rules below ⬇️

[100X Plan @100xplan]

I'm supporting Lombard to build the onchain Bitcoin Capital Markets through its Community Sale on Buidlpad Now! @Lombard_Finance @buidlpad https://t.co/wk3D0gIDFy

[Buidlpad @buidlpad]

✨ Subscribe NOW to Enter the $BARD Lucky Draw! ✨

A chance to win undiluted $BARD allocations.
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🥈 $1,500 each for ten winners

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Time to be creative and follow the rules below ⬇️

[100X Plan @100xplan]

For the first time, $BARD - the native token of the Lombard Protocol - will be distributed through a pre-launch Community Sale on @buidlpad
This milestone for Lombard, marks an opportunity for the community to participate in the future of Bitcoin onchain.
https://t.co/cOfBp9JQ1Z

[Bitget @bitget]

Win 1 BTC as we race to 5M X followers! 🚀

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[Simon Harman 🫵 @SimonAHarman]

Another ATH volume day @Chainflip yesterday with just shy of $30M in daily volume. 50k in FLIP burns, and plenty still in the oven.

If you're interested to hear what's cooking for $FLIP - check out this post from @SavcatEth

[CHAINFLIP @Chainflip]

In recent months, the burn trend has been steadily deflationary.

As volumes grow across our swap app and integrations, this mechanism will continue to reduce total supply, at a more rapid rate.

[CHAINFLIP @Chainflip]

Thrilled to see those seamless swaps from our integration partners!

Today's MVP? @symbiosis_fi, delivering big-time with hefty $BTC buys.

Keep 'em rolling!

[CHAINFLIP @Chainflip]

Reminder: The $FLIP token is evolving, and your input matters.

We’re opening the floor for community feedback on where things go next.

Have your say.

[CHAINFLIP @Chainflip]

Have a delightful morning, ladies and gentlemen.

We took our product team to bench press 180kg this morning, so they get stronger, type faster, and Automated Stablecoin Strategies will be available to you sooner.

Always thinking about the users and LPs.

[100X Plan @100xplan]

When BNB?

[CHAINFLIP @Chainflip]

GM to absolute every chain we support, because we do not have favourites!

[CHAINFLIP @Chainflip]

BTC LPs with us have been eating well with us. 🍴

[100X Plan @100xplan]

@Chainflip @BitgetWallet @SwapKitPowered I cant wait to see chainflip routes on OKX wallet

[CHAINFLIP @Chainflip]

Integration appreciation: @BitgetWallet & @SwapKitPowered 🤝

A few weeks ago, Bitget Wallet went live with Chainflip routes for native $BTC and $SOL via SwapKit, opening up powerful new swap paths for their users.

The result? A steady stream of volume from users finally able to tap into routes that were previously out of reach. Big win all around.

[CHAINFLIP @Chainflip]

We’re about to make stablecoin LPs very, very happy.

Stablecoin Strategies. Next week. 👀

[CHAINFLIP @Chainflip]

Polkadot Asset Hub swaps are live on Perseverance testnet.

Try some out: https://t.co/2lRLS4GeTu

[CHAINFLIP @Chainflip]

Seeing @squidrouter growth on the $BTC swaps has been insane.

Hats off to @axelar for also supplying the other side of the routes.

Teams are goated

[CHAINFLIP @Chainflip]

Chainflip v1.9.1 rolled out to Perseverance Testnet today.

This is more than just a version bump. It’s a critical upgrade that unlocks several new features and prepares us for a mainnet push.

After giving our testnet validators the weekend to upgrade and observe, we’re now moving ahead with the runtime upgrade and full integration testing.

Here’s what’s included in this release, and why it matters for LPs, swappers, and the broader ecosystem. 📖