leonfish.base.eth

#Web3 Community Manager
👨‍💻 Ambassador
💻 Nodes Operator
Work in @axelarcore @squidrouter

About Me👇

[fig @ecdsafu]

By now you’ve probably heard: Squid is launching a token.

TLDR: Why a token? Because Squid is built around tokens. Squid enables global access to the world’s capital, in the simplest and most efficient way, through tokens. It is right for the products, contributors and users of Squid to be aligned through a token too.

The token will enable people who use and believe in Squid to go from being spectators to participants. $QUID unites holders around Squid’s protocols, surrounding products, contributors and brand.

Launching a token is extremely unpopular these days, and has some heavy baggage. Most tokens have been incredibly extractive and misleading. We’ve been here a long time, we’ve seen how inadequate the system has been. It is our mission to do something better. To show what is possible.

As a team we are all in. Squid is something we have spent years carefully building. We do not do this lightly, and have thought extremely carefully about this moment. We love working together and have the long term in mind. This is a large step in a long journey.

Squid has been helping you move tokens from anywhere to anywhere since 2023, and most of our team has been in crypto even longer. We built ourselves as neutral infrastructure committed to access and non-judgment, getting users from one chain to another regardless of what they were moving.

We get tokens. We’ve lived and breathed them for years. Tokens were meant to be so much more than they have been. The onchain world unlocks possibilities that other instruments and markets aren’t able to match.

The traditional criteria for tokens are too narrow. There needs to be room for the many, not the few. The open nature of crypto means there are a multitude of ways to contribute to the success of a crypto company. We believe tokens are uniquely positioned to respect that feature of the ecosystem: from passive bystanders to active participants. From passers-by to believers.

In that sense, the token is the last of crypto's values that has remained pure in its spirit. Whereas private market shares, equities, and futures contracts require enforcement, tokens do not. Tokens can be held by anyone across the globe, and they’re a unique way for users, partners, and the team itself to participate in an ecosystem they are actively contributing to.

If the industry is to realize the vision that permits users to be fully sovereign and self-directed, every aforementioned holder should be able participate within the platform that they use to run their finances.

So how should our token work? Our philosophy is: prioritize simplicity above everything.

We are better together.

Complexity is misleading to holders, and almost always signals extractive behavior or incentives. Instead, we’re taking learnings from TradFi in our design and using the power of onchain assets to bring together every participant in the Squid universe.

Everything Squid has built and represents culminates in this moment. We are proud of what we have built up until now: the IP, the brand, the user base, the partnerships, the technical advances, the strategic relationships, all of it. The token is the natural next step in the journey we’ve been on for years..

In our experience, people appreciate being treated well. Our users have remained loyal because we do not extract from them, and lifetime value compounds because they stick with us in the fullness of time instead of churning quarter to quarter. The person we are building for has restraint, ambition, humility, and a sense of humor.

Meanwhile, the prize we have our eyes on is a central position in the global movement of money.

Tokens are the most promising financial tool on the planet today. Through real-world assets, stablecoins, decentralized stores of value, agentic money, prediction markets, or something yet to be discovered, the onchain world has incredible growth ahead, and very few omnichain decentralized protocols are still standing to support it.

In reality, the ultimate strength of any claim about a token comes from being together.

We (the Squid team) are on the same side as the people who hold the token, and we built it that way on purpose. The team holds the same token as the community, and our incentives are aligned around the ecosystem, not a separate instrument.

We firmly believe our team has the rare blend of deep technical and practical focus, something we consider to be rare not in crypto but in general. Our team has stuck together for years, shares a strong philosophy, and trusts each other through hard decisions.

$QUID exists for you and for us. For everyone who uses and believes in Squid.

[squid @squidrouter]

Have you ever used Squid?

Are you our biggest fan?

Then you might be eligible for priority allocation 💫

Here's what to do 🧵

[squid @squidrouter]

https://t.co/9CAwtkRfFp

[leonfish.base.eth @leonfishen555]

@squidrouter wen is now

[squid @squidrouter]

https://t.co/fnmyXGkgbo

[squid @squidrouter]

Have you heard about Squid Intents?

It is our intent-based settlement protocol for moving assets between ecosystems 💫

Built to scale across any chain and any token, including non-EVM chains such as Bitcoin, XRPL, and Solana.

Catch a refresher in 🧵

[squid @squidrouter]

This incident is unrelated to Squid’s core protocol and contracts. All Squid users and integrators are unaffected and no action is needed.

A third-party Gnosis Safe module was exploited today across Base and Ethereum, resulting in approximately $3.2M in losses. The vulnerable contract is verified on Basescan under the name “SquidRouterModule” but this contract was not built, deployed, or operated by Squid. It is a third-party smart-wallet product that chose to integrate with Squid, among other protocols, but has not been in contact with us.

The exploit worked because the third-party module accepted a caller-supplied constant string as proof that a message was secure. If you pass in this string (which is publicly available in the verified contract’s code), then you can execute an array of arbitrary calldata, stealing funds at will. The victims’ Safes had added this faulty contract as a trusted Safe Module, which gives the contract the ability to spend any tokens in the Safe without signatures. Squid’s own router (0xce16F69375520ab01377ce7B88f5BA8C48F8D666) is architecturally different and was not touched. Squid user funds, approvals, and integrations are fully secure.

Early public reporting may reference “SquidRouter” due to the contract’s verified name on Basescan. The accurate framing is: a third-party SquidRouterModule was exploited, not Squid’s Router contract. The contract shares our name but is not our code. We are monitoring the situation and will share updates if anything changes materially.

[fig @ecdsafu]

@blockaid_ Squid users and integrators are safe. No approvals are at risk on any chain.

The contract called SquidRouterModule is unrelated to Squid. We don’t know yet who wrote or deployed this

[squid @squidrouter]

We are proud to announce that Squid has raised $6M in funding round led by North Island Ventures and backed by strategic investors!

Our new chapter has begun, with more news coming soon. Today we celebrate and say thank you. CHEERS 💫

[squid @squidrouter]

Squid is where connection meets belief.

Out of 1,000+ projects connected by Squid, here are some beliefs shared by key integrators.

What do YOU believe in? 🧵

[squid @squidrouter]

How do I fit this into my header?

[squid @squidrouter]

It's true.

[leonfish.base.eth @leonfishen555]

@squidrouter Here!

[squid @squidrouter]

Our beliefs are more similar than you may think.

How do we know?

You’re here.

[leonfish.base.eth @leonfishen555]

@bazaarswap LFG!

[BazaarSwap @bazaarswap]

The fragmentation of DeFi ends today. BazaarSwap unifies 350+ venues into one seamless experience—eliminating the friction that's held cross-chain trading back. One integration. All liquidity. Any chain.

Come to the Bazaar and stay awhile:

👉https://t.co/387WsUnsqI

[squid @squidrouter]

We asked if you believe in crypto.

Chances are your answer is yes, since you’re here.

[leonfish.base.eth @leonfishen555]

@squidrouter LFG!

[squid @squidrouter]

Share your belief, get 100 USDC? Yes pls.

We're sharing 1500 USDC with 15 people who share their custom belief on X.

Because what's more fun than belief? Getting USDC 😝

Entering is easy peasy, just follow the steps below 🫧

[squid @squidrouter]

If you believe in crypto: