FHE technology with its ability to caculate on encrypted data will improve the privacy of public onchain data as well as empower for many potential usecases, for example on DEFI and in this case particularly on lending.
1/ We know many lending protocols are out there and you're tired of AAVE copycats. But existing solutions still leave critical problems unsolved. Current lending protocols often expose sensitive data like liquidation prices & collateral amounts, making them vulnerable to attack👇
A short story from @base, grab your🍿:
Someone (0x2352a1Fc) found a bug in Kipseli propAMM quoting logic and managed to swap ~0.04 eth for ~$80k cbBTC and shortly returned for a 20% bounty.
Pure cinema.
Last quarter I rolled out Microsoft Copilot to 4,000 employees.
$30 per seat per month.
$1.4 million annually.
I called it "digital transformation."
The board loved that phrase.
They approved it in eleven minutes.
No one asked what it would actually do.
Including me.
I told everyone it would "10x productivity."
That's not a real number.
But it sounds like one.
HR asked how we'd measure the 10x.
I said we'd "leverage analytics dashboards."
They stopped asking.
Three months later I checked the usage reports.
47 people had opened it.
12 had used it more than once.
One of them was me.
I used it to summarize an email I could have read in 30 seconds.
It took 45 seconds.
Plus the time it took to fix the hallucinations.
But I called it a "pilot success."
Success means the pilot didn't visibly fail.
The CFO asked about ROI.
I showed him a graph.
The graph went up and to the right.
It measured "AI enablement."
I made that metric up.
He nodded approvingly.
We're "AI-enabled" now.
I don't know what that means.
But it's in our investor deck.
A senior developer asked why we didn't use Claude or ChatGPT.
I said we needed "enterprise-grade security."
He asked what that meant.
I said "compliance."
He asked which compliance.
I said "all of them."
He looked skeptical.
I scheduled him for a "career development conversation."
He stopped asking questions.
Microsoft sent a case study team.
They wanted to feature us as a success story.
I told them we "saved 40,000 hours."
I calculated that number by multiplying employees by a number I made up.
They didn't verify it.
They never do.
Now we're on Microsoft's website.
"Global enterprise achieves 40,000 hours of productivity gains with Copilot."
The CEO shared it on LinkedIn.
He got 3,000 likes.
He's never used Copilot.
None of the executives have.
We have an exemption.
"Strategic focus requires minimal digital distraction."
I wrote that policy.
The licenses renew next month.
I'm requesting an expansion.
5,000 more seats.
We haven't used the first 4,000.
But this time we'll "drive adoption."
Adoption means mandatory training.
Training means a 45-minute webinar no one watches.
But completion will be tracked.
Completion is a metric.
Metrics go in dashboards.
Dashboards go in board presentations.
Board presentations get me promoted.
I'll be SVP by Q3.
I still don't know what Copilot does.
But I know what it's for.
It's for showing we're "investing in AI."
Investment means spending.
Spending means commitment.
Commitment means we're serious about the future.
The future is whatever I say it is.
As long as the graph goes up and to the right.
Three things just changed:
1/ FHE decryption got 20,000× faster
2/ Private DeFi is unlocked
3/ Fhenix made it happen
READ HOW ↴
https://t.co/8fZbB5JJPN
Is YOUR @solanamobile Seeker worth $500? 📱👀
I’ve spent the past few days deep-diving every part of the device & ecosystem 🤓
And I’ve come to a clear conclusion: it ABSOLUTELYYY is 😍
Here’s the full Seeker ALPHA Review 🧵👇
Huge thanks to the @fhenix team for their incredible work and constant support for builders in the ecosystem.
We will standby them to pursue this vision. Incredibly bullish on the direction Fhenix team is headed.
We've been in talks with @offchain, the people behind @arbitrum and one of the most cracked teams in the crypto space, on how to solve for encryption in Ethereum.
Today we are thrilled to announce an investment by and partnership with Tandem by @offchain to bring FHE to everyone, everywhere. FHE was once considered complex and slow, but recent advancements like faster schemes, GPU optimizations, and ultra fast decryption networks are making FHE a reality today.
Why @fhenix and @offchain?
The @offchain team has shown time and time again they have the deep knowledge needed to advance Ethereum and cryptography, coupled with the ability to ship.
@EdFelten, @hkalodner, and @sgoldfed designed the interactive fraud proofs for optimistic rollups that are currently scaling Ethereum and literally wrote the book on blockchain engineering. Victor Shoup is a cryptography legend who co-designed the first FHE library (HElib) amongst his many other accomplishments (look up NTL library).
Both @offchain and @fhenix are now focused on:
1. Conducting R&D to make FHE–cryptography's holy grail–both ubiquitous and accessible.
2. Bringing FHE-based confidentiality to Arbitrum, Ethereum and beyond…
Together with @offchain we’re pioneering a future where anyone can quickly and easily tap into the power of FHE from anywhere, at a time when the need for onchain confidentiality is greater than ever.
A confidential future for Ethereum is now closer than ever before. FHEels good man…
🚨 Big News: Vemo Network Secures Investment from Vitex Holding! 🚨
We’re thrilled to announce that Vitex Holding has officially invested in Vemo Network during our angel round! While the specific capital remains undisclosed, this strategic investment marks a major step forward in our journey.
At Vemo Network, we’re redefining how locked positions are traded, unlocking new liquidity opportunities across the crypto space. With Vitex Holding’s support, we’re doubling down on our mission to develop more cutting-edge technology, enhance UI/UX, and expand Vemo’s applications to better support the DeFi ecosystem — especially as we continue building on Berachain and beyond.
This partnership signals strong confidence in our vision and technology. We’re just getting started, and the best is yet to come! 🚀
Big things are on the way
Yap early, yap only, yap often.
@_kaitoai is connecting AI, attention and capital with Yaps.
Just claimed my social card and I'm accumulating Yap points in real-time.
Claim yours 👉 https://t.co/i6HafMyneR
What a merry Christmas
🚀 DLC rewards at your fingertips this festive season!✨ @DeepLinkGlobal $300,000 airdrop is live on, @BinanceWallet 📲 Update the app, complete tasks and secure your share now! 🌍
Highlights
👉 Where: https://t.co/SMrok6V7Dy
📅 When: Dec 24, 2024 - Jan 6, 2025 23:59
🎁 Pool: 100,000,000 $DLC worth 300,000 USDT
⭐️Complete a few tasks and claim your share.
#DeepLink $DLC #BinanceWallet #airdrop
Check out our very own @GuyZys on this episode of @therollupco!
Hear Guy break down why FHE is the ultimate privacy enhancing technology (PET) for computing over encrypted data, use cases, adoption, and @fhenix's decision to leverage the @arbitrum stack.
People are beginning to clue into the fact that Fully Homomorphic Encryption (FHE) will be vital to bringing confidentiality to Ethereum.
Here's a clip of some of the mentions of FHE during the most recent @EFDevcon. FHEels good man...
https://t.co/K0ioRJ7lvb