Octave (Jump Further)

leading product data strat @jumperapp

vaults and market risk data monitoring:

Previously @ValhaHQ

[Octave (Jump Further) @OctavioNotPunk]

The DeFi Strategies Report are back after 22 months of silence

In less than 5 minutes you get:

- A full overview of the Yield Rates of the week (with Ratings and Concentration Ratio incl. when available) on ETH and USD based pools
- A recap of the biggest headlines on the DeFi space (hacks, governance decisions, newcomers)
- A glimpse of new opportunities to look at

[Octave (Jump Further) @OctavioNotPunk]

@0xAsta @bebop_dex Did you try @jumperapp dust sweeper ?

[Octave (Jump Further) @OctavioNotPunk]

@0xluude Funnily enough LayerZero and USDT0 are counted as three separate entities on @DefiLlama while there might be a bit of cross-counting

[Octave (Jump Further) @OctavioNotPunk]

Interestingly we're seeing more and more migrations from LZ to Chainlink, but this migration does not reflect yet on the level of crosschain volume activity.

On a weekly basis Chainlink is doing ~$200/300M in volume while LayerZero is still above $1B.

Which migration(s) would reverse the trend ?

[Virtuals Protocol @virtuals_io]

Virtuals Protocol is officially migrating to @Chainlink CCIP.

For agent infrastructure, 99% security is not enough. As part of hardening our infrastructure, we are upgrading our cross-chain stack from LayerZero to Chainlink CCIP.

We have evaluated that CCIP strengthens the foundation behind Virtuals with the highest level of cross-chain security as we build the trusted economic layer for agents.

This enables the most secure agent infrastructure stack to enable agents to manage inference, cards, email, payments, services, commerce, and onchain value.

[Octave (Jump Further) @OctavioNotPunk]

Hold my beer i'm about to rewrite the entire holy bible as a swagger api spec

[Tomilola Oluwafemi | Software Engineer @tomilola_ng]

216 API Endpoints delivered in just 3 weeks

This are the best times to build ✅

[Octave (Jump Further) @OctavioNotPunk]

@jumperapp @ethconf @zord4n @0xGunner marko and winnie

[Octave (Jump Further) @OctavioNotPunk]

Still a few 0 away from Valhalla

Heads down to make it even better

[Jumper @jumperapp]

$10,000
$100,000
$1,000,000
$10,000,000 in Jumper Earn deposits.

Next up: $100,000,000

[Octave (Jump Further) @OctavioNotPunk]

When market is down we boost
When market is up we boost

Whatever your doing in DeFi we boost

[Ziadul Hasan @alveejack1]

The @alturax update on @jumperapp 👀

They’ve put up around $22.5K in mission rewards for swapping into AVLT. Simple flow: swap → start earning Jumper XP.

And if you hold AVLT, you’re also stacking yield on top of that. Double layer setup is actually pretty interesting.

Already went through the mission myself. Might be worth checking if you haven’t yet.

[Octave (Jump Further) @OctavioNotPunk]

Need to study

[Justin Drake @drakefjustin]

Today a crazy quantum story just got wilder.

On March 31, the Google Quantum AI team published a landmark result on Shor's algorithm for elliptic curve cryptography. Technically, the paper was a bombshell: a dramatic 10x improvement over the state-of-the-art. As a stunt and wakeup call to the blockchain space, those optimisations were illustrated on secp256k1, the elliptic curve underlying Bitcoin and Ethereum signatures.

But perhaps the most striking part of the paper was sociological, not technical. Instead of following standard academic process, the optimisations were kept secret, hidden behind a zero-knowledge (ZK) proof. Google's accompanying blog post mentions they "engaged with the U.S. government". The ZK proof demonstrates the existence of algorithmic improvements without leaking details. Academic censorship with ZK, a historic first!

As a co-author of the Google paper I witnessed some of the context surrounding this censorship. To be honest, multiple aspects of that context don't sit well with me. As much as I believe the general public ought to know more, I am limited in my ability to whistleblow. Though let me be clear about one thing: the Google team's professionalism has been absolutely exemplary, and they deserve nothing but praise.

Censorship has a way of backfiring. The Streisand effect, where an attempt to bury something only draws more attention to it, is exactly what's unfolding today. First, Google's key optimisation has been rediscovered by the French. And in a thrilling turn of events, a collaborative Shor-at-home challenge just launched. The initiative, available at ecdsa[.]fail, breached a new Shor world record in a matter of hours.

Let's start with the rediscovery. Just two months after Google's paper, French quantum expert André Schrottenloher cracks the main secret optimisation. His paper, titled "Optimized Point Addition Circuits for Elliptic Curve Discrete Logarithms", landed on the arXiv today. Big congrats to André, who beat several other nerdsnipped experts to it. In a blog post also published today, Craig Gidney, the world expert on Shor optimisations, revealed that he'd been sitting on this very optimisation for a whole year under censorship pressure.

Interestingly, André missed a handful of minor optimisations, both from Google's original publication and from improvements found since. It's plausible there's still plenty of juice left to squeeze out of Shor, and this is exactly what the ecdsa[.]fail challenge is about. The verifier program developed for the ZK proof does double duty, automatically filtering for valid submissions. Dozens of compounding small and micro improvements are rolling in. As of the time of writing there's an 8.4% improvement to Google's circuit, as measured by the product of logical qubit count and Toffoli gate count. Nice!

The nerdsnipping ran deeper than anyone expected. Over the last few weeks it became clear it extended well beyond André and other quantum experts. Behind the scenes, a small army of amateurs quietly got to work. Inspired by Karpathy-style autoresearch, they turned AI on Shor. Ironically, the verifier program for the ZK proof makes an ideal reward function for AIs. The barrier to entry for this modern style of research is refreshingly low, with several non-experts, even a teenager, finding nice optimisations. Get in touch if you'd like to join a Telegram group with fellow autoresearchers :)

Part 2: neutral atoms and qday

The story doesn't end with Google. On the same day Google went public, a stealthy startup called Oratomic published its own Shor paper in a coordinated release. It made a splash, ultimately becoming the most upvoted paper on scirate[.]com, a website ranking arXiv papers.

Oratomic's claim was wild. By building on Google's logical optimisations and applying custom physical optimisations for neutral atoms, they claimed just 10K physical qubits were sufficient to run Shor's algorithm on secp256k1. That number is mind-bogglingly low.

Knowing essentially nothing about neutral atoms when Oratomic's paper landed, I was intrigued and decided to learn more about the tech. I fell straight down the rabbit hole and spent a couple hundred hours on the topic. I got a little obsessed and watched every YouTube video I could find and spoke to a bunch of experts.

My conclusion? The tech is real, very real. Even Google recently decided to start a neutral atom lab, a notable pivot from their sole focus on superconducting qubits. If you care about qday, i.e. the day a quantum computer will break the first piece of cryptography in production, neutral atoms demand your attention. I shared some of my learnings on Shor and neutral atoms in a 30min talk at the ZKProof cryptography conference. You can find it on YouTube by searching "zkproof neutral atom".

Here's an interesting observation about this duo of breakthrough papers: neither Google nor Oratomic say a word about what their results mean for qday. No timelines. Zero. Nada. That is especially baffling given that the whole point of whitehat quantum cryptanalysis is to inform qday estimations and help the general public make good decisions.

So let me attempt to partially fill the silence, similarly to what Scott Aaronson did in his April 29 post. Given everything I know, including scary non-public information, I now put the odds of qday by 2032 at 50%. 10% by 2030.

Anecdotally, the US government has its own date: 2035. Originating at the NSA and later adopted by NIST, it's when branches of the US government will be disallowed from using quantum-vulnerable cryptography. In plain language: with hindsight, that date is a joke and should be discounted entirely. I don't see how NIST avoids being forced to pull it forward by years.

Part 3: post-quantum cryptography

There are good reasons to sound the alarm today, but please do not panic. Rushing carelessly towards immature post-quantum cryptography is a recipe for disaster. IMO a good target date for migration is 2029, roughly 3.5 years out. 2029 happens to be the date selected by Google, Cloudflare, and the Ethereum Foundation.

These days most of my time goes to safely migrating Ethereum towards post-quantum cryptography as part of the broader lean Ethereum effort. There's a lot to do. We need to rip out and replace BLS signatures at the consensus layer, KZG commitments at the data layer, and ECDSA signatures at the execution layer.

The plan to get there is compelling, and is based on hash-based cryptography. Within the Ethereum Foundation we've developed a Swiss army knife called leanVM (github[.]com/leanEthereum/leanVM) powered by the magic of hash-based SNARKs. Thanks to truly exceptional work by Emile, Thomas, and others, its performance is derisked. Regarding security, leanVM is a jewel, a minimal zkVM crafted for end-to-end formal verification and maximum security.

Want to help? There are two $1M initiatives. First, the Proximity Prize (proximityprize[.]org). Solve a long-standing mathematical conjecture in coding theory, improve hash-based SNARKs, and go home a millionaire. Second, the Poseidon Initiative (poseidon-initiative[.]info), offers $1M for breaking Poseidon, the SNARK-friendly hash function.

[Octave (Jump Further) @OctavioNotPunk]

@Deestar You forgot @jumperapp ser

[Octave (Jump Further) @OctavioNotPunk]

@0xasrequired @FIFABrit Watch the game a second time please

As required

[Octave (Jump Further) @OctavioNotPunk]

@0xJord4n Hope you dressed in the most french way possible

[Octave (Jump Further) @OctavioNotPunk]

@onlycrypto_0 @0x_Mathis As long as you participate yes

[Octave (Jump Further) @OctavioNotPunk]

@jimchang @PhilippZentner 670%

[Octave (Jump Further) @OctavioNotPunk]

@0xCerberus Fuck, i actually know him

[Octave (Jump Further) @OctavioNotPunk]

EF is intent-pilled

We knew that for a long time but it's good to see the reveal

[Ethereum Foundation @ethereumfndn]

The Open Intents Framework is designed as shared infrastructure for intents.

A modular, open framework that the ecosystem can build intents on, together.

Today, it takes its next step: adoption at scale.

[Octave (Jump Further) @OctavioNotPunk]

The orders shall flow now

@jimchang and his team has absolutely been killing it

[LI.FI @lifiprotocol]

Introducing LI.​FI Intents.

Infrastructure for apps, wallets, and neobanks to:
• Enable stablecoin payments
• Access real-world assets
• Tap into compliant onchain liquidity

Built for enterprises bringing financial products onchain.

[Octave (Jump Further) @OctavioNotPunk]

@lifiprotocol LIFI Intents led by Jim Chad

[Octave (Jump Further) @OctavioNotPunk]

I'm actually impressed with the amateurism of the organisation of the events

- The pool should be wider (at least 2 more lanes) to avoid water turbulences that are costing a lot

- aside of the 3-4 big stars, the majority of the athletes are not even part of the top-500 of their sports today

[Jumper @jumperapp]

Riding the HYPE train?

Do it on Jumper. Get the best rates.

Hyperliquid. Say it back.

[Octave (Jump Further) @OctavioNotPunk]

@TokenBrice @jumperapp @PharosWatch I mean on different angles of defi earn strategies: vaults opsec,strategy risk etc.

100% agree that Pharos perspective is the most complete on the underlying asset