Protocol Developer @OffshiftXFT. Pioneering private synthetics on Ethereum.
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If your favorite application or protocol has scaling needs and isn't using zk to enable it to be fully permissionless, it's because they're still running on "Just Trust Me Bro" technology.
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You have TVL.
Offshift has TVO.
We are not the same.
Feel the $XFT burn 🔥
Watch the #zkXFT TVO climb 📈
In real time - on our new Analytics Dashboard
#Momiji #PriFi
offshift.io/analytics
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Greybeard retweeted
Four years to the day after the Offshift project was launched, with our core principles of privacy, decentralization and censorship resistance still intact -
We present Offshift Momiji.
Confidential assets on Ethereum L1 are now live.
v2.offshift.io
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The last few pieces of the network will finally come together starting tomorrow.
If you've been interested in running a node to collect fees or help participate in decentralized trustless infra, join us!
Tomorrow the launch of Offshift's prover network starts with our community taking the reins.
No team-run infrastructure - it's all in your hands!
Join us tomorrow 👇
t.me/OffshiftProvers
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Greybeard retweeted
Challengers?
@OffshiftXFT is going to be the biggest project to have used @NoirLang for when V2’s release is finished. $XFT
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Our biggest and most important launch to date. The Momiji protocol has hit mainnet.
Nearly 4 years in the making, Phase 1 of the Offshift Momiji rollout is now complete, with the core protocol live on Ethereum Mainnet.
In addition, the first ever PureL1Rollup batch has been proven and published - in which a wallet with no ETH submitted an $XFT deposit to a batch which was rolled up by an anonymous prover and published by a brand new wallet with no ETH 👇
etherscan.io/tx/0x27a8f078c9…
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Offshift v2 Momiji Feature Preview:
Anonymous, gasless publishing.
Let's talk about block.coinbase.transfer, which pays to the builder (or validator) who submitted the current block.
If you're at all familiar with PBS, you can already guess where this is going.
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So what's the end result?
Publishers can accept private fee payments, prove batches, and submit it from a fresh wallet without ever revealing who they are on-chain! Other than the block builder and deposits/withdrawals, everyone stays completely anonymous and fully private.
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We're in the final stretch of our development cycle, and we're really excited to share the result of our work once we're feature complete.
Join us on Telegram: t.me/OffshiftXFT
If you're interested in becoming a prover/publisher when we go live: t.me/OffshiftProvers
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Tomorrow - we will reveal a new feature (along with all the technical details) which allows publishers to keep their wallets anonymous, while proving and publishing protocol transactions on-chain, and without needing to have any ETH in the wallets doing the publishing.
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@OffshiftXFT Dev & Feature Update: In the next deployment, deposits are possible directly through the mempool, which brings a more than 2x reduction in gas cost when depositing into the protocol.
The protocol entry cost is now sub-100k gas.
🧵
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Finally, here's a look at the WIP "Expert Mode", which enables fine-tuning of individual UTXOs.
Expert users can customize the exact inputs and outputs of their transaction, including mixing and matching deposits, swaps, private sends, and withdrawals all in one transaction.
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We'll have these features pushed onto our testnet soon, including updated source code.
For now, join us on Telegram: t.me/OffshiftXFT
If you're interested in becoming a (permissionless!) publisher when we go live: t.me/OffshiftProvers
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