the @ikadotxyz validators have completed a major upgrade on mainnet today, including the introduction of 2pc-mpc v4! hooray! 🎉
we call v4 "fast schnorr" because it allows us to achieve thousands of eddsa signatures per second, even with over 100 nodes. this is a major milestone, and a testament to how far ahead of the curve ika is, but i actually want to talk about something else
a super cool aspect of this upgrade that's enabled by v4 and that is running now on mainnet is the presignature pool, and this is why i think it's so cool:
every mpc protocol has multiple communication rounds, some can be offline (presignature rounds) and some online (signature rounds). the advantage of an offline phase is that it doesn't require all parties to be online and communicate, so can help with optimizing performance
presignatures can be message independent, meaning you can compute them without knowing what the message that needs to be signed is, this obviously helps with optimizing performance because you can just accumulate presignatures so they're ready for when there's peak demand
with 2pc-mpc v4, the ika network (which is essentially one of the 2 parties in every dwallet together with the respective user) can generate message-independent presignatures. but it goes even further, and generate *client* independent (and as a result public key independent) presignatures, not only for schnorr (live since v3) but also for ecdsa.
what are client-independent presignatures? they are presignatures that the network can compute and can be used with any dwallet, for any message.
starting today, the ika network computes presignatures in the background continuously, storing them in a pool, so it is never idle. whenever a user requests a signature, they can pay for presignatures from the pool, and essentially only do one online signing round, dramatically reducing the latency to a single round (~400ms), and allowing the network to support peaks of activity without creating bottlenecks.
it's hard for people who aren't deep in the weeds of threshold cryptography to appreciate what was required to get here, the level of flexibility and scalability is science fiction when compared to any other threshold signature infrastructure. but the end result is that ika is the only mpc infrastructure in the world that can scale to support high volume use cases (like payments for example) for millions or even billions of users, and the cherry on top is it doesn't even need to sacrifice decentralization to do that!
btw, we dubbed 2pc-mpc v5 "fast ecdsa" because it will allow us to achieve thousands of ecdsa sigs/second, which is something even centralized mpc providers can't dream of. it will also be the first single-round mpc protocol in proudction, as the signature will be computed with fhe (using refhe). more on that in the future.
I've been saying this ever since I started Talus:
The next consumer isn’t human. It’s software.
Teams building payment, identity, and trust layers for agents will quietly define the next trillion-dollar market.
Wait for it
1/5 BREAKING:
Talus has raised over $10M with an investment from @SuiFoundation & @WalrusProtocol, alongside lead investor @Polychain to pioneer a new category: PredictionAI.
We're building the premier infra for AI Agents while fusing AI & Prediction Markets.
Don't miss "What's Next for AI Agents", the first of a new 𝕏 Space series featuring the top projects shaping the AI Agent narrative
We're getting started in just 1 hour, so set your reminders 👇
1/5 BREAKING:
Talus has raised over $10M with an investment from @SuiFoundation & @WalrusProtocol, alongside lead investor @Polychain to pioneer a new category: PredictionAI.
We're building the premier infra for AI Agents while fusing AI & Prediction Markets.
Pawtato Whitelist Giveaway for Navigators
@PawtatoFinance has reserved 30 WL spots just for Navigators.
Want to join? Here’s how:
🔹Follow @navi_protocol
🔹Like the post and QRT the post
🔹Submit the Form https://t.co/QkaaSrYQCq
⏰ The Form Closes on June 17 at 14:00 UTC
There are more WL spots available for our community. Stay tuned on Telegram and Discord for updates.⏰
Pawtato Whitelist Giveaway for Navigators
@PawtatoFinance has reserved 30 WL spots just for Navigators.
Want to join? Here’s how:
🔹Follow @navi_protocol
🔹Like the post and QRT the post
🔹Submit the Form https://t.co/QkaaSrYQCq
⏰ The Form Closes on June 17 at 14:00 UTC
There are more WL spots available for our community. Stay tuned on Telegram and Discord for updates.⏰
BREAKING: NAVI X OKX - Exclusive xBTC Liquidity Pool Launch on Sui
Navigators, we’re proud to unveil a strategic partnership with @okx , bringing their BTCFi asset $xBTC exclusively to NAVI on @SuiNetwork.
This marks another major step forward in enabling Bitcoin holders to unlock capital efficiency within the Sui DeFi ecosystem.
But that’s just the beginning…
A massive campaign is coming soon to supercharge xBTC liquidity and borrowing on NAVI.
📢 Stay tuned — the campaign kicks off shortly!
Announcing the First Liquidity Hub of Aptos: Introducing Joule Finance 🔮
We are thrilled to present @JouleFinance
A groundbreaking addition to the @Aptos ecosystem. Get ready to explore the endless possibilities of liquidity innovation on a leading blockchain platform.
Read our blog to discover why Joule is a game-changer: https://t.co/dPNjFztGd5
Joule Finance: Democratizing Liquidity on Aptos
Joule Finance is designed as a comprehensive liquidity hub, addressing the evolving needs of DeFi on @Aptos. We firmly believe that liquidity should be a universally accessible commodity for all users and protocols.
By addressing the critical challenge of non-composability in DeFi money markets, Joule empowers protocols with seamless access to deep liquidity pools, while offering users diverse yield opportunities.
Moving beyond the unsustainable token incentive models, our platform signals a new era of liquidity and yield aggregation. It integrates a vast array of DeFi functionalities—including lending, borrowing, leveraged farming, and more—under a singular, user-centric framework, promising to drive growth and innovation across the DeFi landscape.
Problems solved by Joule Finance :
1/ Liquidity Fragmentation: Joule Finance tackles the issue of fragmented liquidity in DeFi by offering isolated lending positions through its Money Market, reducing the risk of mass liquidations during collateral de-pegging events. As a composable liquidity reservoir, it enables protocols to leverage its total value locked (TVL) for initial liquidity, creating a flywheel effect that opens up wider yield aggregation opportunities for users.
2/ Security Vulnerabilities: Security is paramount in the DeFi space, Joule Finance enhances DeFi security and user trust by utilizing @Aptos
blockchain and Move language, ensuring protocol integrity and a safe transaction environment.
Key Components of the Joule Finance :
1/ Bridge: Joule Finance's Bridge leverages LayerZero technology for seamless Ethereum-Aptos cross-blockchain liquidity and DeFi activity enhancement.
2/ Money Market: The Money Market offers accessible liquidity with isolated lending, variable rates, and optimized capital efficiency for DeFi users.
3/ Leverage Yield Farms: Leveraged Yield Farms allow users to boost yield farming outcomes using borrowed funds, with automated tools for risk management and return maximization.
4/ Liquidity Anchors: Liquidity Anchors provide dApps with easy access to Joule Finance's liquidity pool, boosting visibility, and scalability, and minimizing risks.
5/ Isolated Lending Positions: Safeguard against widespread liquidation by keeping risks of lending and borrowing activities independent.
6/ Variable Interest Rate: Variable Interest Rate dynamically adjusts based on market demand and supply, ensuring competitive rates and efficient capital use.
7/ Efficiency Mode: Efficiency Mode enables optimized asset use for enhanced borrowing and lending effectiveness, improving capital efficiency and reducing risks.
Joule Finance represents the future of composable DeFi - a future where liquidity-based innovation knows no bounds.
Get ready to explore the endless possibilities with @JouleFinance with mainnet coming out soon.
Please find the official resources below :
Announcement: https://t.co/UdfEJKtRS8
Website: https://t.co/2cHRslVnTp
Official Telegram: https://t.co/uCmxumdich
Joule Finance is your gateway to limitless DeFi opportunities. ⚡️
This collection was created with specially developed colour palette, the use of which means that no two objects are exactly alike, giving each its individual uniqueness.
Any color glitches are not imperfections, they are the visual aspect desired specifically by Creator.