vaneda

individual

[LayerZero @LayerZero_Core]

LayerZero has achieved Type 1 and Type 2 SOC 2 accreditation for all of its infrastructure.

SOC 2 is the de facto standard for evaluating a company's security practices. This accreditation, combined with the modular, developer-owned security model that the world's largest institutions require, ensures that LayerZero remains the ideal home for the world's most important assets.

[LayerZero @LayerZero_Core]

https://t.co/VPz65GGwRa

[LayerZero @LayerZero_Core]

The world’s markets are undergoing a once in a generation transition.

We’ve spent the last year building ATLAS (Aggregated Trading Liquidity and Settlement), a first-of-its kind, headless exchange designed for the future of global markets. It combines the performance and fairness of a traditional exchange with the verifiability and self-custody of a decentralized exchange. The best of a CEX meets the best of a DEX.

ATLAS has been built alongside the world’s leading financial institutions and is designed to deliver fair, performant markets around the globe. It delivers deep, global liquidity for both open and institutional trading venues.

[Dami (the L0 guy) @rookie_of_Ph]

This is not cope so let’s look at the facts

“SOC 2 type 2”

this is just a fancy way to say we paid $150k for an audit and it only matters because chainlink can upgrade their contracts at will, with no time locks needed

LayerZero is immutable and has a live $15M bug bounty on its contracts that have never been breached in over 5 years in prod

“we did a security review”

none of the teams that left posted a detailed security review on why/what they looked at before they left and its marketing at best

“16 independent signers”

only 6 of those signers have to attest to a message for it to go through so it’s just a 6/16 which is easily replicable on LayerZero without even trusting LayerZero or depending on their services

but the major distinction is more signers ≠ more security

chainlink can upgrade/rotate those signers at will

in LayerZero, the app owners are the only ones that can change (as long as they’ve pinned libraries)

“secure by default”

LayerZero’s default has never been breached, so it’s secure by default

waiting for the day we get a full report of what a team found in a security review but until then, this should suffice

everything in the headlines is mainly marketing which is short term, LayerZero is the superior tech that’s built for the open and permissionless future of money

base:0x6985884c4392d348587b19cb9eaaf157f13271cd believers should not be worried in the slightest

- $280B + moved on these contracts
- 700 teams are still building
- more institutional partners and investors because of the incredible team

[vaneda @vaneda0]

https://t.co/5Z8NEha4qu

[Dami (the L0 guy) @rookie_of_Ph]

"$7.7b is leaving LayerZero"

before i begin i want to say churn is churn and nobody should sugarcoat it

but every one of these announcements is being framed as if LayerZero's business disappeared overnight

so i wanted to measure what actually left

looking at the four months before the kelp exploit when these assets were still happily using LayerZero

- rseth $177m/mo
- wbtc $150m/mo
- lbtc $20m/mo
- six others combined $22m/mo

that's roughly $369m/mo of bridge volume

during the same period LayerZero averaged $12.6b/mo

that's about 2.9% of monthly bridge volume

also worth noting tvl ≠ bridge volume

a token with billions in tvl can generate relatively little bridge activity while a smaller asset can move enormous volume across chains

every network experiences churn the real question is whether it replaces what leaves

jan-jul year over year

- usdt0 $10.2b to $43.4b
- ethena $3.6b to $15.4b
- paypal $43m to $4.1b
- paxos $22m to $1.6b

plus $3.9b from names that did no volume at all in the same window last year

based on historical bridge usage the departing assets represented roughly 3% of monthly LayerZero bridging before the incident while growth from new and expanding partners has already more than offset that volume

that's a much more complete picture than a headline saying "$7.7b left LayerZero"

base:0x6985884c4392d348587b19cb9eaaf157f13271cd will win

[Chainlink @chainlink]

Chainlink is how the world's largest institutions & governments are distributing their data across the onchain economy.

✅ U.S. Department of Commerce
✅ Intercontinental Exchange
✅ Deutsche Börse Group
✅ S&P Global Ratings
✅ FTSE Russell
✅ Tradeweb

And many more to come.

[Chainlink @chainlink]

The future looks impossible until it becomes inevitable.

[vaneda @vaneda0]

Nomad #231

[vaneda @vaneda0]

Nomad #77 @MonadNomadsNFT

[vaneda @vaneda0]

@MonadNomadsNFT @MEonMonad well, here we come to a new chapter, we wait, everything has already been said

[vaneda @vaneda0]

I’m sure that Nomads will continue to stay at the heart of this movement — a place where the spirit of exploration and the love for digital art live on. 💜

[vaneda @vaneda0]

And now, with TGE just around the corner, it’s clear that all those early days — the research, the talks, the tests, the art, the waiting — weren’t just preparation. It was growth, both for the ecosystem and for us who’ve been here since the start. After TGE, a new chapter begins

[vaneda @vaneda0]

@MonadNomadsNFT yes

[vaneda @vaneda0]

@NexusLabs gm

[vaneda @vaneda0]

@MonadNomadsNFT gmon