π₯ $50M committed β
Pharos Capital Arrival: Stake before Stake fully subscribed π°οΈ
RealFi execution in action
Thank you to all early believers for the strategic capital alignment
3 months of committed growth and rewards is generating βοΈ
Thrilled to announce the $44M Series A to scale the onchain economy β
Backed by Sumitomo Corporation's CVC arm, @snzholding, @chainlink, @FlowTraders, and some of the undisclosed giants in global finance ποΈ
Pharos is building the financial-grade infrastructure to bridge TradFi and DeFi at a global scale π
Introducing the fourth batch of validators strengthening the Pharos ecosystem with technical excellence, protocol expertise, and dedicated infrastructure:
πΉ @brightlystake β Delivering reliable staking infrastructure with proven expertise
πΉ @kudasai_japan β Bridging innovation and security in blockchain validation
πΉ @nansen_ai β Powering networks with data-driven insights and robust infrastructure
πΉ @sqrDAO / sqrNODE β Building resilient validation with community-first principles
πΉ @Stakely_io β Trusted multi-chain validator with a commitment to decentralization
πΉ @zellic_io β Security-first validation backed by industry-leading audit expertise
Welcome to the Pharos validator community!
Today is the second anniversary of Celestia's mainnet.
Two years' worth of iterations, learnings, ups and downs, and thousands upon thousands of Git commits. When you're building something new, you can get some things right, but you also get a lot wrong. We certainly did.
I've been working on Celestia for 6 years, and have been in crypto for 15 years. I've seen the industry evolve and mature over time, from the early cypherpunk days in 2010, to the ICO craze in 2017 where everyone believed that Web3 will entirely replace Web2 and we're going to put everything on chain, to today: a more matured perspective on where blockchains actually have product-market fit.
Similarly, Celestia also launched with a "build whatever" mindset, trying to be something to everyone, without a clear focus on what kind of chains people were actually going to build on Celestia's high throughput. We burned many cycles going down unproductive rabbit holes.
But taking this approach led us somewhere more powerful than we could've planned: we found a hot spot of product activity.
Over the past year, numerous high-performance onchain trading products have begun choosing Celestia. Why?
Today, Celestia is the *only* way to ship the lowest latency onchain trading venues by any metric. You get:
β’ 2ms latency with rollup frameworks like Sovereign SDK,
β’ 6 second finality on Celestia (100x faster than other rollup base layers), and
β’ ~200k TPS worth of bandwidth.
Celestia is the only product that offers this combination, with projects like Bullet, Hibachi, VEX, RISE, Ethereal, and XO Market already pioneering this frontier with Celestia underneath.
And while building around the needs of these projects... we now have a short-cut for doubling down in this direction :) More soon.
As part of maintenance we have decide to retire Canine (Jackal validator. We will gracefully shutdown the nodes on November 15. Request all delegators to undelegate/redelgate.