never🦋

🦋 CTO @dinero_xyz 🐻 @buildabera

[never🦋 @DefinedNever]

🧵 (1/12) With @redactedcartel V2 rollout imminent, this staggered upgrade to the protocol aims to ship tools that capture value from DeFi at all layers: efficiency, market, and control. This thread will give a sneak peek into the systems we are launching:

[MiloTruck @milotruck]

Just compiled a list of all my audits in 2024

49 engagements over 229 audit days

My goal for 2025 is to touch some grass

[never🦋 @DefinedNever]

@vladyslav0x @egbokavictory_ Minimize friction

[never🦋 @DefinedNever]

@rongplace @0xSami_ @terrry 💋

[Cubist @cubistdev]

This summer, we are over the moon to celebrate a major milestone: our two year anniversary here at Cubist! Looking back on the journey of the past two years, we are filled with an overwhelming appreciation for our customers, investors, and families who believed in us along the way.

We’re especially grateful to our earliest supporters for sharing our ambitions and growing with us: @lukejdpearson, @tekinsalimi, @thekevinding, @ryanfang95, @stanleywu84, @danvseq, @justinfiddes, @_nMoose, @_patrickogrady, @AaronBuchwald, @toholdaquill, @tomerweller, @greenbergz, @0xSami_, @DefinedNever, @dntse, @baby_fisherman. We're also really excited about some similarly amazing folks we've been collaborating with over the last few months. (You'll hear about them soon!)

Our startup story began with a simple phone call—yep, good old telephone call—fueled by our shared desire to simplify what it takes for Web3 developers to build secure software.

That same spark of inspiration continues to drive us today as we work tirelessly to make Web3 more user-friendly, accessible, and secure for everyone. Of course, "us" today means the remarkable team that quickly grew from four founders to a team of seven—three Founding Engineers joined right after we closed our seed funding—to the larger, multi-function org we are today.

Cubist’s goal has always been to help teams create the future of Web3 easily, quickly, and nonetheless safely.

Our original tagline “build safer dapps faster” still rings true today. We started back in 2022 developing toolchains for building and operating secure cross-chain applications. After months of conversations with teams building serious systems, we honed in on a more fundamental and ubiquitous pain point: key management. The serious security teams were tempted to roll their own key management infrastructure because existing solutions were limited, notoriously complex, slow, and often cut corners on security.

This, we thought, is a problem we can solve. The fact that we had the right background–across security, cryptography, formal methods, and risk management–the right team, and the right partners just meant tackling this challenge would also be fun!

Last year we launched our key management platform, CubeSigner, a developer API that makes DeFi access safer and easier. Our early partners like @ankr and @dinero_xyz ran Ethereum validators, which meant we had to nail performance (max 100ms latency, horizontal scaling) and security (protect pricey keys). But infrastructure teams weren’t the only ones looking to build better products.

Next, @AvaLabs used CubeSigner to bring a fast and secure wallet to consumers, with features like social login and policy-guarded key export—and today, @coreapp, @dappOS_com, @tomo_social, and some of our other partners are onboarding millions of users to a seamless, cross-device experience.

And what now? We’re continuing to work with teams to push the boundary of Web3, working with latency-sensitive trading teams who take security seriously, VCs who care about access control, consumer apps and protocols who need fine-grained policies to get security guarantees for their users...the list goes on. This journey from niche API to key management toolbox just wouldn’t have been possible without our uniquely qualified team.

We are committed to setting new security standards, and love that our customers are as excited as we are about setting a high bar for security. We’re looking forward to many more years of creating a safer, more accessible Web3 for all. And we have a lot to announce—stay tuned.

For those who are a part of our story, thank you!

~The Cubist Team

[Muyao @MuyaoShen]

Finally the start of real institutional DeFi? On the heels of the launch of ETFs that hold $ETH , Nomura’s digital-asset unit Laser Digital plans to offer a higher-yielding alternative by working with @dinero_xyz and @galaxyhq https://t.co/j1yC4TPHLL via @crypto

[never🦋 @DefinedNever]

@vladyslav0x @dinero_xyz 🫡

[Split Research @split_research]

Bismillah.

Hello World.

Stay Tuned For More.

[Blueberry Protocol Foundation 🫐🫐 @blueberryFDN]

The @redactedcartel pxETH/wETH strategy is one of the most popular on Blueberry, and can yield an APR of well over 200%.

Let's take a look at pxETH yields and see how 25x leverage makes Blueberry an attractive place to farm with pxETH.

[Delphi Digital @Delphi_Digital]

Redacted Metamorphosis 🔍🦋

@redactedcartel, initially designed similarly to OHM, has done a 180 pivot creating an ecosystem fueled by sustainable yield and native token earnings

Developing a unique suite of products, such as Hidden Hand & Pirex, the rebrand to Dinero is next.

[Stable Summit 🦫 @stable_summit]

Discover how institutions can access DeFi native yield opportunities at Stable Summit II.

@terrry, Head of Growth @redactedcartel will dive into innovative strategies and risk management concerns for institutions.

Be part of the convergence of TradFi & DeFi in Brussels.

[Aura @AuraFinance]

The sicarios over at @redactedcartel have been among the most impressive teams in DeFi for almost nearly 2.5 years now. They’ve built out multiple businesses that drive real yield to rlBTRFLY holders.

🖐️ Hidden Hand: vlAURA holders are, of course, familiar with the top marketplace for vote incentives, having facilitated over $33m in volume.

💼 Pirex: earns fees by creating auto-compounding liquid wrappers on yield-generating assets.

♦️ pxETH: is designed to be pegged 1-1 to ETH, with a withdraw system in place. It can be staked for apxETH, an LST currently earning over 10% APR.

🔜 Dinero: is the next phase for Redacted Cartel’s impressive transformation. It’s designed as a permissionless stablecoin backed by Ethereum blockspace.

Aura and Redacted Cartel continue to build together, and users benefit!

👉 Aura’s pxETH-WETH pool on Ethereum is earning 31% APR → https://t.co/x4a3ZBe7SG

👉 @hyperlockfi’s (an Aura franchise) pxETH-WETH pool is a great way to stack Blast Gold → https://t.co/zSObA7ufnb

[Contango 💃🏾 @Contango_xyz]

After 1 month, it seems the apxETH/ETH loop is still yielding a nice ROE.

You can loop it with 1 click under the 𝘚𝘵𝘳𝘢𝘵𝘦𝘨𝘪𝘦𝘴 tab on Contango.

Before trading: DYOR, check the available liquidity and learn more about apxETH and @redactedcartel below. 👇

[The Flâneur of Bushwick @defidave]

The time has come for me to spread my wings 🦋

Today, I'm proud to announce that I have joined @redactedcartel as the Head of North America.

Butterflies have been cookin' and it is a privlidge to serve what they have prepared for DeFi and beyond.

[Camelot @CamelotDEX]

Rewards for @redactedcartel's $pxETH pool are now live 🦋

Provide liquidity to the pxETH/ETH @GammaStrategies vault to start earning $GRAIL & trading fees 🏆

Join the quest 👇
https://t.co/mfCBUuYPLg

[Pendle @pendle_fi]

[Start of message]

apxETH ██ Pendle

LST ████ █████ deployed ███ seeded ██ Dinero @redactedcartel

███████ step █████ to permissionless yield markets

9̵.̵4̵7̵%̵ ███

890% APY 🦋

[Napier @NapierFinance]

1/ Llama Race that scales

Redacted (@redactedcartel)

██████ is joining Llama Race for the endgame for Curve ecosystem!

[Arrakis @ArrakisFinance]

Introducing @redactedcartel's LST Vaults on Arrakis!

Starting now you can earn $BTRFLY rewards by LPing pxETH/WETH on Ethereum.

All vaults can be found here: https://t.co/s3UVNwwrnv

[Velodrome @VelodromeFi]

New Launch Alert 🚴

Warm welcome to @redactedcartel who have begun incentivizing liquidity on $pxETH - $WETH.

Make your votes count! 🗳️

https://t.co/V8ep2tMIB3

[Dinero @dinero_xyz]

Multi-chain rewards ███ live on ██ @VelodromeFi $pxETH / $WETH pool.

2,000% APR.

Bridge to @Optimism: https://t.co/KaCLycr7QM

LP here: https://t.co/XXzWGAJRwh

[Dinero @dinero_xyz]

Want to earn the highest yield on your $ETH?

Farm with $pxETH.

Several liquidity pools are earning between 20-69% APR.

Ape here: https://t.co/RifwIV2eQE