Thank you to everyone who supported DeFiHackLabs in TheDAO’s Ethereum Security QF Round on Giveth.
We received ~$2.8K in community donations and 11.033 ETH in matching support.
This support helps us keep building for Ethereum security and the white-hat community.
“Ethereum was not created to make finance efficient or apps convenient. It was created to set people free”
This was an important - and controversial - line from the Trustless Manifesto ( https://t.co/QAvZfiNxpe ), and it is worth revisiting it and better understanding what it means.
“efficient” and “convenient” have the connotation of improving the average case, in situations where it’s already pretty good. Efficiency is about telling the world's best engineers to put their souls into reducing latency from 473 ms to 368ms, or increasing yields from 4.5% APY to 5.3% APY. Convenience is about people making one click instead of three, and reducing signup times from 1 min to 20 sec.
These things can be good to do. But we must do them under the understanding that we will never be as good at this game as the Silicon Valley corporate players. And so the primary underlying game that Ethereum plays must be a different game. What is the game? Resilience.
Resilience is the game where it’s not about 4.5% APY vs 5.3% APY - rather, it’s about minimizing the chance that you get -100% APY.
Resilience is the game where if you become politically unpopular and get deplatformed, or if a the developers of your application go bankrupt or disappear, or if Cloudflare goes down, or if an internet cyberwar breaks out, your 2000ms latency continues to be 2000ms.
Resilience is the game where anyone, anywhere in the world will be able to access the network and be a first-class participant.
Resilience is sovereignty. Not sovereignty in the sense of lobbying to become a UN member state and shaking hands at Davos in two weeks, but sovereignty in the sense that people talk about "digital sovereignty" or "food sovereignty" - aggressively reducing your vulnerabilities to external dependencies that can be taken away from you on a whim. This is the sense in which the world computer can be sovereign, and in doing so make its users also sovereign.
This baseline is what enables interdependence as equals, and not as vassals of corporate overlords thousands of kilometers away.
This is the game that Ethereum is suited to win, and it delivers a type of value that, in our increasingly unstable world, a lot of people are going to need.
The fundamental DNA of web2 consumer tech is not suited to resilience. The fundamental DNA of _finance_ often spends considerable effort on resilience, but it is a very partial form of resilience, good at solving for some types of risks but not others.
Blockspace is abundant. Decentralized, permissionless and resilient blockspace is not. Ethereum must first and foremost be decentralized, permissionless and resilient block space - and then make that abundant.
[The End of an Era: Important Announcement Regarding the Future of Blocto]
To our valued community,
After five incredible years serving over 2 million users, it is with a heavy heart that we announce the sunset of Blocto Wallet services.
Since Day 1, our mission was simple yet ambitious: to craft the most newbie-friendly wallet in the world, one capable of onboarding millions to Web3. And together, we achieved that. Back when EOA wallets were the only option, Blocto pioneered email and social login solutions, along with our SDK, making blockchain interaction easier than ever before.
As the earliest supporter of Flow, Blocto built the ecosystem’s major infrastructure, including Blocto Wallet, BloctoSwap, Blocto Teleport, and BloctoBay. We also established the most utilized FLOW delegation node. We have worked alongside top-notch projects and served millions of you, and for that, we are immensely proud.
The Difficult Reality
However, focusing solely on building great products is not always sustainable. As the $FLOW price declined from nearly $40 in 2021 to below $0.30 today—a drop of over 99%—Blocto has been operating at a significant loss.
For the past several years, we have absorbed over $5.5 million in losses to keep our services running for the community. Even as market conditions worsened, we upheld our commitment, ensuring that users' assets remained secure and accessible.
But this could not last forever. Recognizing that our operating capital was running low, we began attempting to engage the Flow/Dapper leadership in June of this year.
After 6 months of persistent effort, we have not been granted a single leadership meeting. Every email exchange took weeks, while we continued to burn through our remaining runway. During these months, we received neither explicit support nor the opportunity for a constructive discussion on a sustainable path forward. Now, we simply do not have the capital to continue absorbing these costs.
We deeply regret informing our community of this outcome. Blocto’s journey as a wallet provider ends here.
Service Changes & Critical Actions Required
Please read the following details carefully, as they affect your assets.
1. Blocto Wallet, Swap, & Teleport are Sunsetting
Effective December 18, 2025, at 7:00 PM PST (the sunset date), Blocto Wallet, BloctoSwap, and Blocto Teleport will discontinue operations.
2. Blocto Staking Service Remains Operational
Please be assured that the Blocto Staking Service (our node) is unaffected and will remain up and running. Your staked assets are completely safe. To continue managing them, you only need to import your Blocto Wallet private key into another wallet service. There is no need to unstake your FLOW. Doing so would cause the loss of your FLOW staking reward.
🛑 Critical Actions Required Before Dec 18, 2025, 7:00PM PST:
Withdraw Liquidity: If you have liquidity in BloctoSwap, withdraw all deposited liquidity immediately.
Bridge Assets: If you hold tUSDT (Flow), go to Blocto Teleport and bridge it back to Ethereum immediately.
⚠️ Warning: Failure to complete these withdrawals before the sunset date may result in a permanent loss of access to these specific assets.
For Custodial Mode Users: Action Required Before Dec 18, 2025, 7:00PM PST
Migrate Your Wallet: To ensure the safety and control of your assets, you MUST manually export your private key by switching to Non-Custodial Mode before Dec 18, 2025, 7:00PM PST.
How: Download the Blocto App, update to the latest version, and follow the in-app instructions to complete.
Note: If you do not complete this manually before the sunset date, you WILL LOSE ACCESS to your wallet permanently.
Security Warning: The Blocto team will never ask for your private key under any circumstances. Do not share your key with anyone. Only import your private key into trusted and verified wallet services. Please be aware that if you share your private key with a malicious party, your assets may be stolen, and we cannot recover them or provide support.
Final Words
We want to express our deepest gratitude to our users, investors, partners, and friends. Without you, Blocto could never have come this far. Even as this chapter closes, we want to say thank you. It is you who made this journey memorable.
Sincerely,
The Blocto Team
Ethereum’s next major upgrade, “Fusaka”, goes live in less than 48 hours.
I read all 13 EIPs being included so you don’t have to.
So, here are 13 tweets (with diagrams) to explain the 13 upgrades in simple terms: 🧵
Stable Public Testnet is now live.
A new era of payments begins. Stable offers a USDT-native environment built for fast, predictable, and frictionless transactions
Developers can now deploy, test, and interact with the Stablechain.
Start Building: https://t.co/xrJOa8aJ8w
🧭 @buidlpad x @MMTFinance Tier Access Rules
Tier 1 ($250M valuation)
🔹 Hold $3,000+ LP on MMT before Oct 25
Tier 2 ($350M valuation)
🔹 Complete KYC, no LP required
More contribution tier refer below
🧭 @buidlpad x @MMTFinance Tier Access Rules
Tier 1 ($250M valuation)
🔹 Hold $3,000+ LP on MMT before Oct 25
Tier 2 ($350M valuation)
🔹 Complete KYC, no LP required
More contribution tier refer below
@buidlpad x @MMTFinance Launch timeline
- KYC & Subscription starts 10/22, 2025 at 10:00 AM UTC to 10/25, 2025 at 2:00 AM UTC
- Contribution starts 10/27, 2025 at 10:00 AM UTC to 10/28, 2025 at 10:00 AM UTC