dinesh

encrypting @umbraprivacy / prev @covalent_hq @aegis_fyi @anonndotspace

[kru | Umbra @kru_tweets]

Glad to be on this list.

We build privacy for everyone's money except our own. Our books and our business is open to tokenholders and to anyone who wants to look, because a privacy company should earn trust by being fully transparent about itself.

[dinesh @dineshcodes]

@Scott_eth @sharexyz @fomomofosol squeaky clean look

[Connor King @connorking]

Umbra has led the way for protocols as it relates to providing transparency, integrity and sound leadership

I've admired the integrity that their team brings, which is honestly quite rare in this industry

While the solana:PRVT6TB7uss3FrUd2D9xs2zqDBsa3GbMJMwCQsgmeta token is a microcap, they operate and communicate as if they we're a megacap - this is bullish and earns trust in the eyes of investors, which will set them up for much larger future success

[dinesh @dineshcodes]

something so calm about winters

[dinesh @dineshcodes]

the chinese can honey trap me with a plate of chicken triple schezwan fried rice

[Umbra Privacy @UmbraPrivacy]

Announcing the Ownership Dashboard

October was Umbra's best month so far with growth across various metrics. You can now track this and more including team outlook for the future all under one platform

We are also kicking off our first revenue transfer to the treasury with this release ↓

[dinesh @dineshcodes]

@zeeshan_utd @adiiHQ set me up

[dinesh @dineshcodes]

Avoidance everywhere for those with eyes to see

[Umbra Privacy @UmbraPrivacy]

More capital shielded. More private transactions.

Umbra’s last 30 days, in numbers.

[dinesh @dineshcodes]

play for the love of the game, but don’t be surprised when you lose the ball

love the game not the ball

[dinesh @dineshcodes]

@hiwinit so proud king 🫡

[JW @JW100x]

TLDR of what happened to Privacy Cash:

Following the Binance hack, $1.2M in stolen funds were deposited into Privacy Cash’s shielded pools. Most compliance-heavy privacy protocols would block these funds from entering through a screening process, but in this case, the attacker was able to deposit nearly double Privacy Cash’s total TVL into their shielded pools.

The problem, and the reason they’re halting deposits, is that Privacy Cash has no mechanism to allow users to prove their innocence or separate illicit funds that entered the shielded pool.

This means it’s impossible to distinguish between the existing legitimate funds and the illicit funds deposited by the Binance attacker. As a result, any Privacy Cash-linked funds are now commingled with the Binance attacker funds and flagged by every screener as such.

There are ways to mitigate this from ever happening. For example, with Umbra you'd be able to verifiably prove using viewing keys that you infact are not the attacker, or are not in possession of any illicit/tainted funds by generating token and time bound keys for authorities and exchanges to verify themselves. Zcash and Monero use a similar viewing-key function as well.

If Privacy Cash had compliance as part of the protocol it would have independent viewing keys enabled for the good-actors, instead the entire pool is now tainted.

[JW @JW100x]

Umbra

[Felipe Montealegre @TheiaResearch]

It will take you less than a minute to deposit $1.00 into Umbra and experience absolute magic.

https://t.co/sgIhz3FRnE

[kru | Umbra @kru_tweets]

"what do i actually own" is genuinely one of the most underrated question in crypto.

most tokens give you a ticker, a discord and a prayer. ownership coins change it.

good to see 01resolved making it explicit. ownership coins only work if the ownership is legible.

glad to be one of the first to do this for @UmbraPrivacy

[01Resolved @01Resolved]

We’ve started rolling out token Rights for every asset listed on 01Resolved.

What token holders own, what they control, and how value reaches them is often unclear. Rights makes these relationships explicit, so investors can understand what they hold and compare it with other crypto assets.

Open an organization’s Overview page and click “Rights” to explore.

Using @UmbraPrivacy as an example, you can see solana:PRVT6TB7uss3FrUd2D9xs2zqDBsa3GbMJMwCQsgmeta holder's treasury and governance rights, who owns the IP and brand, and who controls token issuance and protocol fees.

For Umbra, the “How Value Flows” map traces shielding fees through the protocol to a revenue wallet. Umbra’s documented policy is to transfer revenue to the DAO monthly. Distributions or buybacks then require a passed proposal.

Each Rights tab includes an 01Resolved review date and change history, and distinguishes documented policies from verified flows.

Explore Umbra’s Rights - [Link in reply].

[Anushk Pokharna @pokharna_anushk]

Something big soon!

[MCG @MCGlive]

The @UmbraPrivacy team explains the evolution from its V1 product built on Arcium to Nimbus...

While solana:PRVT6TB7uss3FrUd2D9xs2zqDBsa3GbMJMwCQsgmeta is the privacy application, Nimbus is the underlying privacy protocol designed to let developers build private applications across different crypto use cases.

The goal is to improve Umbra while giving other teams the tools and infrastructure to build their own privacy-focused products.

Nimbus could also become a key revenue driver as more developers and applications join the ecosystem.

[Umbra Privacy @UmbraPrivacy]

Umbra is now live on Robinhood chain

[dinesh @dineshcodes]

@twig64 @bane_sol