skyrocklar
40 posts
An update on @IgnisAILabs, Umbrae, and the path forward. We're terminating our partnership with @CyreneAI effective immediately. When we entered this partnership, the agreement was to facilitate a $250K raise for Umbrae development. What was delivered was fundamentally different from what was discussed. The blockchain is public — many of you have already seen the discrepancies in fee distribution. You're not wrong. We're not here to throw mud. We're here to build. What matters now is this: Ignis is taking full sovereign control of the U1 token ecosystem. All smart contract development, fee distribution, and token infrastructure will be handled internally from this point forward. The Plan: Once Umbrae launches and the platform is live and operational, we will migrate U1 to a new token deployed on our own fully-audited smart contract on Base Network. Current U1 holders will be able to burn their Solana tokens to claim the new token 1:1. The LP in the current contract is locked — with half of it benefiting CyreneAI in perpetuity. That's done. We can't change it. So we're moving forward by providing our own liquidity. Ignis will be locking approximately $300K in LP for the new token on Base. Our money. Our contract. No middlemen taking cuts we didn't agree to. At migration, we'll open LP provision on our Base DLMM for U1/ETH and U1/USDC pairs — giving our community the opportunity to participate in initial liquidity alongside us from day one. Why wait until after launch? Because we deliver before we ask for trust. Once the platform is running and you can see what we've built, speculation leaves the conversation. That's when migration makes sense. Moving forward: We are being extremely selective about any future partnerships. If a potential partner isn't completely transparent when we ask direct questions about their business practices and fee structures, we're done. We asked. They dodged. Repeatedly. That's not how we operate and it's not what we'll tolerate from anyone we work with. If a partnership doesn't show clear, objective value for both sides — and if it's something we can do ourselves — we're not interested. No VCs. No unnecessary dependencies. Sovereign development only. Phase 2 NFTs are sold out. Phase 3 will follow once the platform goes live and removes all doubt about what we're building. We're focused. We're building. Umbrae is coming. —Eli
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