Made some amazing hires recently.
Looking now someone to join our BD team. Close to DeFi metal, open to work 7 days a week during crunch time.
Ideal if you've been a founder or part of a small founding team.
You'll be bringing institutions and fintechs onchain.
๐ Big News: Utila Secures $22M Series A Extension! ๐
Weโre thrilled to announce that Utila has raised an additional $22 million in Series A extension funding, bringing our total Series A to $40 million and nearly tripling our valuation in just six months.
This extension round, led by Red Dot Capital Partners with participation from Nyca Partners, Wing Venture Capital, DCG, Cerca Partners, Funfair Ventures, SilverCircle, and others, brings our total funding to $51.5 million.
Utila is emerging as the default operating system for stablecoins and digital assets, providing a secure, scalable wallet platform trusted by 200+ institutions to power digital asset operations across payments, treasury, trading, and more.
And the momentum speaks for itself:
๐ฐ $15B+ in monthly volume
๐ $90B+ in secured transactions
๐ Doubled our customer base in 6 months
Hereโs whatโs next:
๐ฅ Driving continuous product innovation across digital asset operations
๐ง Scaling our world-class team and deepening enterprise adoption
๐๏ธ Partnering with leading financial institutions worldwide
๐ฌ Enhancing our global customer support experience
๐ Expanding into high-growth emerging markets
A massive thank you to our customers, investors, and partners for the trust!
The future of finance is being built now and weโre just getting started. ๐ช
๐ข Read the full announcement here: https://t.co/HXfXBxg1zv
#SeriesA #Stablecoins #DigitalAssets
@4lteredBeast@i_shaix@RyanSAdams@drakefjustin Obviously only adding snarks to the current state of things wonโt fix the issue. But with smarter architectures leveraging zk-proofs, we can minimize exposure and enhance short-term security. Itโs not the full solution but a step towards mitigating quantum risks.
@4lteredBeast@i_shaix@RyanSAdams@drakefjustin While SNARKs themselves may rely on cryptographic assumptions, they can be paired with post-quantum cryptographic primitives to enhance resilience.
This approach can reduce reliance on ECC and reduce attack surface in quantom based scenarios.
@BrantlyMillegan@ensdomains So basically, every app is going to be an app chain to maximize fees from users I instead of building on already existing infra
With this important upgrade, Stylus will bring more rust and C++ devs to build on Arbitrum, which will evolve the dapps that can be build on the EVM ๐ฆ ๐๐งก
Itโs been three years of building together on Arbitrum.
Today, we bring you Stylus! Designed to drive innovation and foster collaboration across blockchains.
Stylus is now on mainnet. Open new doors. Shape what's ahead.
Do More. With Stylus.
Itโs been three years of building together on Arbitrum.
Today, we bring you Stylus! Designed to drive innovation and foster collaboration across blockchains.
Stylus is now on mainnet. Open new doors. Shape what's ahead.
Do More. With Stylus.
14/14 As with any groundbreaking tech, it's crucial to stay informed and approach with caution. The future of EigenLayer depends on how well it addresses these security challenges.
Remember: in crypto, knowledge is not just powerโit's security! ๐ง ๐ผ
12/14 With 1,618 total operators, the security of these entities is crucial. A compromised operator could potentially impact the integrity of the services they run.
13/14 The high restaking ratio indicates significant cross-protocol dependencies. This could lead to cascading failures if one part of the ecosystem experiences issues.
Thorough testing of cross-protocol interactions, implementing circuit breakers with interconnected protocols.
10/14 Security concerns include:
๐นCentralization risks if a few entities control too much stake
๐นSmart contract vulnerabilities
๐นPotential for cascading failures across protocols
Despite these, EigenLayer's potential for innovation is huge if these risks are managed
9/14 EigenLayer's reward and slashing mechanism is designed to ensure good behavior, but it's not foolproof. There's always the risk of sophisticated attacks that could manipulate these incentives and harm the shared security, Constant vigilance is key. ๐
8/14 While AVS (Actively Validated Services) leverage Ethereum's security, they introduce new attack vectors. A malicious AVS could potentially impact the wider EigenLayer ecosystem. Careful vetting of AVS is crucial. ๐ต๏ธโโ๏ธ