LM! I’ve joined the
@CelestineSloth
movement.
Why?
@UseFirewall
is building safe blockspace for the modular expansion. Our Safe Sequencer filters out exploits, and makes sure 🦥's can stay lazy and carefree.
See my clip with
@therollupco
, and why the future is speed X security
Firewall co-founder
@iamoptmstc
recently sat down with
@therollupco
to chat about how Firewall is building safe blockspace with the Safe Sequencer. Here's why 𝐬𝐩𝐞𝐞𝐝 𝐗 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐲 is the future that is needed to bring and keep users onchain.
The future is Firewall’d 🏎️
@Pilot_HQ
is leveraging a custom Delegated Proof-of-Stake system to ensure all exploits that occur are promptly reversed
Read my summary to see how we leverage strong game theory to align key actors with the network:
P.S. lots of alpha in this doc!
Cheap txns and speed are commoditized. I chat with
@therollupco
on what’s next.
The normalization of daylight robberies is insane. Tired of rugs and hacks?
@UseFirewall
Safe Sequencer filters them out.
@CelestineSloths
just wanna have fun and remain lazy on safe blockspace 🦥🔥
@curtohh
@matthuang
Maybe to people within crypto. Mainstream people don’t see that at all though. Mainstream media presents crypto as a pump and dump casino.
Ex. Friend reads “crypto news” now, and only knows and talks about Doge/Shiba.
Little coverage on the underlying tech advancements.
DeFi is broken indeed.
@delitzer
wrote this great article on one approach to help solve the security issues plaguing the industry.
At
@Pilot_HQ
we're introducing another: Progressive Irreversibility ✈
A better product development model enabled by Pilot:
DeFi is broken.
Last year, we had $3.8b was stolen via exploits, a frequency and severity far too high for mainstream adoption.
We need to fundamentally rethink how DeFi protocols are designed and secured.
Here's one place to start:
🧵 (0/28)
Excited to be an
@0xOthentic
launch partner as we roll out the Safe Sequencer🔥
The Safe Sequencer prioritizes safety of user funds by mitigating exploits on rollups at block construction
@UseFirewall
and start to say goodbye to exploits 🤫
Introducing Othentic Launch Partners 🏗️
We are thrilled to announce the first four AVSs powered by the Othentic Stack:
RedStone (
@Redstone_Defi
)
Holonym (
@0xHolonym
)
K3 Labs (
@k3_labs
)
Firewall (
@UseFirewall
)
Read more 👇
everyone says censorship is bad and that we are all trying to build censorship-resistant systems.
correct. but is it always bad?
formal verification to an extent can be considered censorship such that distributed systems can censor malevolent transactions.
this can happen at
In a major personal move, I’m excited to announce after 4+ years - I’ve left my position at
@staked_us
.
I’m beyond thankful for the chance
@Tim_Ogilvie
,
@sethriney
, and
@jonathanmarcus
took on me as a young kid back in Jan 2019.
Firewall is the modular security layer for crypto-networks.
We’re on our way to Zero Exploits, starting with The Safe Sequencer and our Proof-of-Exploit consensus.
Together they enable a non-custodial and neutral way to censor exploits. Let’s do better while we still can
1/n Today is a HUGE day for us 🔥
Introducing Firewall, a modular security layer for rollups.
Following our $3.7M pre-seed capital raise and months of development, we’re thrilled to announce our vision for a safer Web3 and the path to zero exploits.
Let’s dig into the
Big congrats to Firewall’s very own
@crypto_ita2
- he’s a co-author alongside legends Andreas M. Antonopolous (
@aantonop
) and
@gavofyork
to produce Mastering Ethereum 2nd Edition
Incredible accomplishment at such a young age Ale! This is sure to be a classic read…🔥
Oggi è giorno di droppare qualche alpha relativo alla nuova edizione di Mastering Ethereum 2nd edition.
ABBIAMO LA COPERTINA (ancora non definitiva) del libro. Un gigantesco onore il solo vedere il proprio nome vicino a quello di giganti del calibro di Gavin Wood e Andreas M.
we've thought through what we're building for years
My start in crypto was love for smart contracts in 2017. My initial era was building DeFi 1.0 - and been an onchain degen for as long.
firewall innovation is borne from our experience from an application builder and user POV
I have spent the last few days learning about
@UseFirewall
and how they will make smart contracts safe.
This is pure genius, an out-of-the-box thinking that has been worked on for months.
Firewall is building a modular security layer that will protect rollups from smart
Checkout our very own
@andi_c9
’s research paper, he presented it today at the
@IEEEOrg
International Conference on Crypto in Dublin.
Andrea helps develop the Safe Sequencer Standard🧯🔥 at Firewall. Congrats on the presentation and recognition Andrea,
Big congrats to Cole and the
@volmexfinance
team - huge partnership moves.
Well-deserved after grinding through the bear and surely just one of many things they’ve been cooking up
Today's
@Bitfinex
BVIV-PERP and EVIV-PERP launch announcement is an important milestone for
@volmexfinance
crypto volatility indices and products.
A best-in-class crypto derivatives exchange meets best-in-class crypto volatility indices, to offer the first perpetual futures
Special shoutout to
@shadowmakerxyz
for all the help sloth-pilling, and
@ayyyeandy
for enlightening me to the power of the sloth army 🦥💤🔥.
We're ready to bring the sloths safely across the onchain universe
@shadowmakerxyz
I’m so tired of the scams, one of the lowkey things we do that I’m most excited on is also act as rug protection
We make it impossible to do a self-rug, takes the power away from scammers and protects users
Idk the story of Pike but seems like there’s consensus they self-rugged
A great step towards composability within the ecosystem! It's time to integrate w/
@RoboForYield
for the best market yields.
I'm thinking about RAY under the hood of
@SetProtocol
or as collateral in
@AaveAave
- there are many possibilities, and the potential is limitless.
1/ Today, we are excited to announce a major upgrade to
@RoboForYield
. 🎉🤖
We've converted RAY to the ERC-20 standard and introduced significant gas optimizations.
Use RAY today:
Blockchains already censor “invalid” transactions, the key is to do it in a transparent and provable manner.
The Safe Sequencer provably and algorithmically censors only exploits trying to steal your assets
Is the future of blockchain security really censorship-proof? The Safe Sequencer promises transparency with detection models publicly verified on-chain. But what if this isn’t about censorship at all? Instead, it’s a chance to redefine security standards that could protect users
Huge milestone - congrats to
@ColeGotTweets
and the
@volmexfinance
team!
Volatility instruments enabled by Volmex will unlock incredible innovation in the DeFi stack 🚀
While ZK rollups promise faster settlement, optimistic rollups offer flexibility. Firewall is a modular security layer that bridges the gap, enhancing fraud proof systems without sacrificing decentralization.
Safe blockspace is the endgame.
@Punk_2070
@0xBriann
think you’d both love what we’re building
@UseFirewall
coordination mechanism for credibly neutral rollbacks to eliminate exploits - we build proofs for exploit classifications, among other things!
I'm privileged and excited to be enabled to help secure another powerful financial protocol!
Check my submitted report "Stealing Yield Earned from the mStable SAVE Feature" here:
We are happy to announce a resolution to a (non critical) bug bounty submission from
@DevanPurhar
Thanks for helping to make mStable more secure Devan!
@evabeylin
@spencernoon
The merge n L2 infra buildout can occur in peace
Then new innovative app layer that provides mainstream adoption can be created on secure + cheap bandwidth
Extremely excited for the launch of the Robo-Advisor for Yield and even more so for its future growth!
I'm grateful to be working on this exciting, innovative financial product and to be contributing to the revitalization of the global financial system!
#BuiltOnEthereum
#DeFi
Now DC Wallet
Smart contract wallet with automated recovery of assets. Leverages metamask plug-ins.
Dead man switch for recovery. If user doesn’t make a tx in a set amount of time, transfer assets to another wallet.
Two ecosystems become one, united by a common language in
@IBCProtocol
.
Cosmos and Ethereum inch closer together, bound by the same technological threads and ideals.
Polymer is a port city on Ethereum facilitating routes of trade both intra and inter-ecosystem.
🧵 (1/8)
@StaniKulechov
Instead imagine a sequencer which can only provably censor exploits, and can’t arbitrary censor transactions such that the rollup remains credibly neutral
This is what
@UseFirewall
Safe Sequencer does via the Firewall EVM - uses exploit proofs to filter txns at block
@RyanSAdams
That's why
@staked_us
shows "Real Yield %" on the website. This makes it easy to clearly understand the potential earnings of different networks -
@0xngmi
yep, but it’s about to become common as rollups
@UseFirewall
- to note our sequencer/EVM is built to be non-custodial, provable, and game-theory aligned with incentives to only censor exploits
more 🔜
This unironically shows what’s broken about the application layer environment in Web3
You can do that in Web2 for productivity gains, and yet it’s unfathomable in crypto for obvious reasons
@UseFirewall
If you launch a production app on any blockchain using only AI, you should just forward the user funds automatically to North Korea, and go into an instant shame exile.
Exciting that is live! I can only begin to imagine some awesome opportunities opened up with Wrapped Bitcoin and the open finance system. It truly shows the power of standards too
#ERC20
#WBTC
In Web3 we must do better - study programmable finality
@UseFirewall
Ed and
@alpackaP
both understood the vision, the era shift Firewall brings to smart contracts, and the need immediately.
It’s been a true pleasure having their support. Onwards!
Today, Hack VC is proud to announce that we've co-led a $3.7m pre-seed financing round for
@UseFirewall
() alongside North Island Ventures and Breyer Capital.
To understand our vision for Firewall, let's first consider the problem. In 2023, ~$1.7B was
Thanks
@gane5h
, much appreciated. I'm thrilled to have the opportunity to collaborate with someone as accomplished as you🙏and look forward to more in the future!
Keep your eyes on
@RAYStats
and
@staked_us
, big moves coming soon 🚀.
3/ The underlying model was co-built with
@DevanPurhar
from
@Staked_us
– another ✨superstar I have the pleasure of collaborating with.
I can't share specifics of why they'd want this model, but let's just say that
#DeFi
is going to level up with soon with sophistication.🎈
Censorship is bad because it implies the ability to do so maliciously, that doesn’t mean all acts of censorship are inherently bad.
Censoring an attacker is good, the ability to do so to anyone at anytime for any reason is not.
If you can censor it’d be stupid not to here
One of our initiatives is developing a proof-of-exploit consensus coordination layer. If you wish to be part of our validator set, or stake assets to secure the Firewall, please contact us here:
Note, validators in our set will specialize in malicious
@jarrodWattsDev
@UseFirewall
’s Safe Sequencer censors exploits while remaining credibly neutral.
The system proves when censorship occurs, and by proving censorship can enforce only “good” censorship occurs
Let’s chat about bringing the Safe Sequencer to the Polygon CDK! Safety x neutrality
@keoneHD
@0xJiggy
@nosleepjon
yep, upgrade the rollup node to a version that rewrites the balance of hacker to zero, and moves the stolen ETH to a new address
It’d be an invalid state transition, but w/ no fault proofs doesn’t matter and nobody can challenge
@jessewldn
Totally a product of irreversibility which makes no sense to have from Day 1.
Doesn’t have to be this way for much longer, teams can follow software product principles again
Checkout my 3-min read on the concept of Progressive Irreversibility here:
It explains why it's important, the core issues it's solving, and how
@Pilot_HQ
enables this superior experience for both teams and their users.
We've also built an EVM+ instrumented with a real-time exploit blocking algorithm with deep specificity, that enables programmable finality.
Our team is focused on the rust stack, maintaining compatibility with the excellent provable computation tools of
@RiscZero
and
@ViktorBunin
Hmm, why wouldn’t most DeFi app’s use LST’s so that they’re not competing with ETH‘s “treasury” yield?
Negligible associated risk as LST’s become more liquid and slashing risks have less impact as they get socialized across a large surface area.
If not using LST’s then agreed
Laughable to onboard the masses or create scaled utility while blockspace remains unsafe, and daylight robberies occur
That’s why we build
@UseFirewall
crypto suffers from a chronic case of indefinite optimism
everyone is scrambling to "onboard the next billion", while we can't reliably onboard the next million
everyone is trying to shit on L1s because "they can't handle the entire volume of the world", while barely any single
@makemake_kbo
yea infecting others state as much as possible before the sequencer starts censoring them
what’s the reason they didn’t fast bridge out ASAP? Thin liquidity I assume
@portport255
@BanklessHQ
@arjunnchand
Rollups are the next-gen smart contracts
Now it’s as easy to launch a rollup as an ERC20 token in 2017, I wonder what happens next…
@ayyyeandy
@UseFirewall
From a rollup POV they just run our fork of the default sequencer node! Plug-n-play with the rest of the rollup’s stack
We mod the default client to run the firewall EVM for execution (has AI detection + blocking) instead of the vanilla unsafe EVM
@christianrezax
@UseFirewall
Safe Sequencer filters out exploits at block construction - and to your point we're building out a better experience for users with a breakdown that indicates why our AI or exploit proofs say "txn XYZ is malicious"
There's also a challenge mechanism, so users who
Reflecting on the many memories has been very bittersweet, and this wasn’t an easy decision for me.
However the timing feels perfect to take this jump, and I’m ready for what’s next!
(Damn, how do threadooors post these every day??)
@KeyboardMonkey3
@beaniemaxi
only needed to upgrade the rollup node to a version that rewrites the balance of hacker to zero, and moves the stolen ETH to a new address
no rollback needed as luckily the hacker didn’t interact with the state of other users on the chain - possible they censored their txns too
@Pilot_HQ
agrees with Vitalik - let’s not overload Ethereum’s consensus.
Pilot is a new approach to onchain insurance, as an L2 designed to automatically recover from exploits.
Start to understand our design with
@sam___iamm
‘s write-up!
Automating “Social Consensus” Recovery is a follow-on to
@vitalik
’s latest post don't overload Ethereum.
Learn more about Pilot, an L2 designed to explicitly insure applications and automatically recover from exploits.
Check it out:
@rushimanche
@RangeSecurity
@UseFirewall
Appreciate the support, and excited to be a piece of this future!
Couldn’t have put it better, affordable insurance is what unlocks downstream after the security wave - and onboards a new magnitude of assets. We see the same future 🫡
This draft summary gives a light introduction to our key concept of the "Network Insurance Layer" or NIL, which I'll write more on in a follow-up.
The NIL is pivotal to how we'll restructure the nature of smart contract exploits.
This DPoS doc covers one part of our mechanism.
We'll slowly let the pieces fall in place of our overall mechanisms with more write-ups.
Welcome all to hop into the discussion - there's nothing more fun than designing a robust and beautiful crypto-economic system.
Please reach out with any thoughts, feedback or criticism!
1/ RAY (
@RoboForYield
) now incorporates liquidity incentives. 🤖
RAY depositors get all the benefits of supplying funds to the underlying protocols, including any liquidity incentives.
Learn more:
@hedge__x
Agree, but unifying the existing tiny capital base of liquidity isn’t going to scale this industry
99.3% of the world’s capital is afraid to deploy onchain due to application and UX risk
Need to make blockspace safe to actually scale anything here,
@UseFirewall
@pumatheuma
ZK is endgame, but the UX downside of optimistic is greatly reduced by fast bridges, etc.
Still impractical as it requires support and liquidity, but worth acknowledging
Exciting evolution! Dai is the fourth asset, and Dai Savings Rate is the fourth opportunity
@RoboForYield
supports.
Note, Sai support continues in RAY. The RAY bridge is for users looking to convert Sai -> Dai on their own accord.
The
@RoboForYield
now supports Dai and the
@MakerDAO
Dai Savings Rate. 🎉✅
Intended to save users gas costs, time, and effort, a bridge that lets users convert Sai RAYs to Dai RAYs is available.
Learn more about the release and upgrading:
@bucknasty20141
@trent_vanepps
A liquidity crunch wouldn’t inhibit the network’s users.
ETH has 18 decimals. At current prices we’re used to denominating gas price in Gwei (9) - still many magnitudes left.
If ETH/USD rose substantially, smaller units would be used as the norm for txn payment (ie. 0.01 Gwei)
It costs teams obscene amounts of money, time, agility, and exposes them to unnecessary brand risk early in their search for product-market fit.
By leveraging the Progressive Irreversibility model through Pilot's L2, teams can find product-market fit faster, cheaper, and safer.
I view Progressive Irreversibility as the crucial missing aspect to
@jessewldn
's spot-on concept of Progressive Decentralization from 2020
This existing concept doesn't remove the security risk associated with new products or features, which has many negative downstream effects
We’re excited to build in the public, and welcome feedback and thoughts, as we share more over the next few weeks.
Feel free to DM me or
@sam___iamm
Jump into our Discord to get into the convo!
Staked was successfully acquired by
@krakenfx
in late 2021. It gives me great pride and honour to have been a tiny part of that story.
It’s with a sense of melancholy that I bid farewell to this chapter of my professional life, but I’m beyond excited for the next stages (🔜)!
@0xDeFiDevin
@monad_xyz
Agreed, speed is commoditized. Firewall builds safe blocks because that’s what DeFi needs to bring liquidity onchain
Checkout my pod clip with
@therollupco
below. Speed x Security for all
Btw love monad, they’re a great team, build real innovation and kicked off the speed games
LM! I’ve joined the
@CelestineSloth
movement.
Why?
@UseFirewall
is building safe blockspace for the modular expansion. Our Safe Sequencer filters out exploits, and makes sure 🦥's can stay lazy and carefree.
See my clip with
@therollupco
, and why the future is speed X security
@rushimanche
Yep, ton of nuance - and
@UseFirewall
sequencer/EVM and wider system are built to be non-custodial, provable, and game-theory aligned to only censor exploits
We marry core values of crypto with user safety. Redefine consensus so that exploits are invalid
@arixoneth
@taikoxyz
Shoutout
@UseFirewall
shipping a safe EVM that eliminates smart contract exploits
Bringing the Move narrative and capabilities to EVM
@ayyyeandy
The issue is infra to-date is over-focused on a subset of issues, the application layer is hardly considered outside of speed
Berachain is the best example for what it looks like when the protocol layer considers its application layer
@adityabajaj23
@beast_ico
rollups can
@UseFirewall
to differentiate and enhance their block-space, protect user funds, and attract liquidity easier
rollups are commoditized, relative to each other there's no difference in txn fees or speed. When all else normalizes, assets flow to the safest place for
@Punk_2070
@0xBriann
@UseFirewall
essentially we redefine consensus to classify exploits as invalid state transitions that are rejected - focused on enhancing rollups via our sequencer to starts
Extending my gratitude and best wishes to my colleagues, mentors, and friends at Staked (past and current) that have made these 4+ years a true joy.
The lessons learned, experience gained, and people met during this phase of my life are invaluable.
@thedevbirb
hey
@thedevbirb
- love your work on revm, had a few questions and was wondering if I can pick your brain!
Our backend infra is pretty heavy rust/evm
Welcoming all feedback, thoughts, and criticism! This is only one piece of Pilot's solution to the industry, and please reach out with any questions, etc.
At
@Pilot_HQ
we're excited to build the solution to onchain security by challenging some fundamentally accepted concepts.