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SSS DeFi
121 posts
SSS DeFi
@SSS_DeFi
SSS — Fully On-Chain Trading System on ICP CEX Experience · DEX Trust Secure, Simple, Swift #DeFi.
เข้าร่วม Mart 2021
159 กำลังติดตาม4.4K ผู้ติดตาม
We believe that DeFi with higher TVL, greater security, faster speeds, and a better user experience can emerge on $ICP.
This is also the conclusion we reached after delving into #ICP technology, and we have begun to take action, to create a full-chain trading system.
sssdefi.ai
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The prevailing model means that frontends and data processing typically reside on AWS. The lack of proper onchain compute means people rely on simple multisigs and admin keys for control.
The predictable results are endless colossal security fails, outages & thefts. 🧵
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For more than 10 yrs, I've worked on "frontier compute." I've worked on this since the "world computer" vision was first mooted.
Nowadays, the terms "crypto," "web3" and "blockchain" are inextricably linked to speculative assets. But this is 1 niche application of the tech. 🧵
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SSS will support #Arbitrum soon
check our new destination:
sssdefi.ai/blog/sss-bridg…
Arbitrum@arbitrum
The Arbitrum Security Council has taken emergency action to freeze the 30,766 ETH being held in the address on Arbitrum One that is connected to the KelpDAO exploit. The Security Council acted with input from law enforcement as to the exploiter’s identity, and, at all times, weighed its commitment to the security and integrity of the Arbitrum community without impacting any Arbitrum users or applications. After significant technical diligence and deliberation, the Security Council identified and executed a technical approach to move funds to safety without affecting any other chain state or Arbitrum users. As of April 20 11:26pm ET the funds have been successfully transferred to an intermediary frozen wallet. They are no longer accessible to the address that originally held the funds, and can only be moved by further action by Arbitrum governance, which will be coordinated with relevant parties.
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@LayerZero_Core Leaving Behind the Costly Old Road of Cross-Chain Bridges: Why SSS DeFi Is Building a Safer Full-Chain Trading System.
#ICP #DeFi #SSS
sssdefi.ai/blog/sss-bridg…
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@dominic_w Leaving Behind the Costly Old Road of Cross-Chain Bridges: Why SSS DeFi Is Building a Safer Full-Chain Trading System.
#ICP #DeFi #SSS
sssdefi.ai/blog/sss-bridg…
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Web3 going back to the Stone Age for vested interests: Electric Capital won't count ICP vibe coders using Caffeine. Only craft coders with individual repos will be counted – conveniently hiding hundreds of thousands of developers from the public.
Predictable behavior, of course.
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SSS has launched a new Wallet Swap Flow API for developers and wallet teams. #ICP
docs.sssdefi.ai/wallet-swap-fl…
It enables allowance-ready swap flows without requiring users to pre-fund an internal SSS balance first.
Integrators can preview, submit, query, and track wallet swap flows through a cleaner API path. It is built to be traceable and recoverable, which makes it more practical for wallets, SDKs, aggregators, and automation. #DeFi
ICP wallets and ecosystem projects are welcome to integrate SSS and explore partnership opportunities.
$200,000 Referral incentives are available for qualified integrations. #SSS
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@dominic_w @Onafhankelijke2 Agreed. Aggressive marketing and deception stifle the survival and growth of genuine long-term projects in the cryptocurrency market.
We feel this firsthand. #SSS #DeFi #ICP
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Question: how long before the ravenous venture backers of decentralization theatre crypto startups, who made so much money from vaporware in the bull run, back off and let crypto swing back from Theranos-style snakeoil to tech utility and long-term value generation. Soon please.
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I recently raised the alarm re: LayerZero's claims Zero is an AWS alternative (compute costs are 100,000X+ more):
x.com/dominic_w/stat…
2024, people were already raising alarm re: their 1-of-1 "Decentralized" Verifier Networks (DVNs):
x.com/ChainLinkGod/s…
Beware snakeoil⚠️
Zach Rynes | CLG@ChainLinkGod
.@LayerZero_Core’s marketing is so incredibly misleading at times, it’s absurd Take their “Decentralized Verifier Networks (DVNs)” for example DVNs are the infrastructure responsible for validating cross-chain transactions in the LayerZero ecosystem By the name, you would assume a DVN by definition is a decentralized network of node operators, right? Well no, in most instances the term “DVN” actually refers to a centralized company (a single node operator) Take their most popular DVN for example, which by default is used by most projects and therefore their associated volume in the LayerZero ecosystem It’s the “LayerZero DVN”, a centralized node run by the LayerZero Labs team themselves Not decentralized, but still called a decentralized network anyways, pretty continent security theater marketing Imagine you’re a user and you’re told a dApp’s cross-chain interactions are secured by the “LayerZero Decentralized Verifier Network” What impression is the user supposed to get from that other than thinking it’s a decentralized network and not a single centralized node? Now some may try to explain away this terminology by saying that a DVN could theoretically be decentralized in some circumstances But looking at the official list of all the DVNs in their docs, almost every single DVN is just a centralized team/company And the ones that aren’t, are often just a wrapper around another protocol that’s actually attempting to solve the cross-chain problem in a decentralized manner like CCIP or Axelar that can be used without the LayerZero framework Some may also argue that you’re supposed to compose multiple DVNs together in order to make it decentralized But (1) that doesn’t justify calling infra run by a centralized company a decentralized network and (2) the default path that most projects take is to use the centralized LayerZero Labs DVN given its chain support over other DVNs Even their flagship bridge @StargateFinance only uses a whopping 2 DVNs (one of which is the team themselves) This fantasy of projects composing networks out of DVNs just isn’t what we see in reality in the majority of situations Most devs simply do not any to deal with the massive security-sensitive problem of managing, configuring, securing, or running cross-chain infrastructure, they just want something that works Centralization runs rampant in the LayerZero ecosystem but the terminology may make you think otherwise
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Most exchanges ask users to make 1️⃣ of 2️⃣ sacrifices.
1️⃣ Give up custody for convenience
OR
2️⃣ Give up execution quality for sovereignty
KalqiX was built to free users from unnecessary sacrifices.
Users get Self-custody, quality execution, and verified settlement.
After all, isn't trading challenging enough as it is?
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@SupersetFinance Users don’t experience routing or liquidity—they experience outcomes. Execution quality is what defines trust.
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Why do similar trades produce different outcomes across chains? Architecture.
But with virtual pools and hub-and-spoke design, consistent pricing at scale is achievable.
Execution quality is a systems problem. Here's how we solved it ↓
Superset@SupersetFinance
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