* Core protocol & blockchain developer at @fhenix, Building FHE so onchain data stays private. * Co-Founder & developer of @ArenaOfGloryNFT
Joined December 2016
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So excited to see @fhenix in Arbitrum's weekly recap 🚀💪🏼
Stablecoins, tokenization and confidentiality belong in the same conversation. A programmable economy should let apps use sensitive data without making it public by default.
This week on Arbitrum:
The programmable economy continues to grow across revenue, stablecoins, privacy, tokenization and more.
> Arbitrum One has generated $300K+ in priority fee revenue, with 21M transactions using PGA in just a month after launch.
> Arbitrum’s Founder House with Robinhood Chain kicks off in Singapore with over 125 founders joining from across the globe to bring their products onchain.
> 2nd cohort of Arbitrum Mentorship Program launches with Robinhood Chain to connect founders with VCs and pitch startup with $100K in prizes.
> $USDG lending on @Morpho has reached a new high of $82M+ in TVL.
> @GenLayer launches on Arbitrum bringing the adjudication layer to the agentic economy.
> @aeroxyz has landed on Arbitrum allowing users to trade and more.
> @mayan has moved $2.5B+ to Arbitrum, including $2.3B+ in stablecoins.
> $USDG adoption continues to grow on Arbitrum with support from @symbiosis_fi.
> @fhenix launches on Arbitum bringing FHE-powered confidentiality to apps and users.
> What excites @Larvandweb3 from @ArbitrumNewsDAO about the programmable economy is helping the teams building new financial primitives find the support and community they need to grow.
> @isometricfi just landed on Arbitrum Sepolia testnet.
> @keeper_wallet is now live on Arbitrum.
Borrow stablecoins against your Bitcoin without selling.
Useful, but the privacy question matters too: who can see your collateral, debt and liquidation levels? Financial privacy should be part of the product, not an afterthought…
Ledger Lets Bitcoin Holders Borrow Without Selling
Ledger (@Ledger) has added Crypto Loan to its wallet app, letting users borrow stablecoins against wrapped Bitcoin $BTC.
Users can borrow $USDC or $USDT against $WBTC and $cbBTC, without selling those assets. Yield(.)xyz (@yield_xyz) handles the integration, while Morpho’s (@Morpho) smart contracts manage lending activity.
However, liquidation remains possible if collateral loses enough value.
(Roee Zolantz*) retweeted
Ethereum And Arbitrum Get a New Privacy Tool
Fhenix (@fhenix) launched its CoFHE privacy coprocessor on Ethereum (@ethereum) $ETH and Arbitrum (@arbitrum) $ARB mainnet on October 21.
The technology enables smart contracts to perform computations using encrypted information without disclosing balances, positions, or trading strategies.
Design partners for the project include Fluton and Alpha Engine, working on building secure finance use cases. The system has also passed a technical audit by Consensys Diligence.
Fhenix plans to launch three more applications in Q4 and announce two institutional partnerships.
engineers run on coffee, a lot of it.
so we gave the coffee a rocket and sent it to mainnet.
CoFHE is live ☕🔐 @fhenix
this is a big part of why mainnet day was calm for us.
the stressful part happened weeks ago, with @ConsensysAudits going line by line through code where the usual smart contract assumptions don’t hold.
thanks for the fresh eyes 🫡
Fhenix is live on Ethereum and Arbitrum mainnet.
We're glad to have supported this launch with a security audit of their contracts. Dual-mode confidential tokens are now available.
Congratulations to the @fhenix team on reaching this milestone. Onchain security is shared work.
Full audit report ⬇️
(Roee Zolantz*) retweeted
The programmable economy just went confidential.
Fhenix mainnet is live, bringing FHE-powered confidentiality to Arbitrum.
Users can now swap transactions from public to private with Fhenix's Dual Mode.
Welcome to Arbitrum @fhenix. 🤝
(Roee Zolantz*) retweeted
Introducing Genesis: your home base for the fhenix ecosystem
explore apps, shield and unshield assets, send confidential transactions powered by CoFHE
the dual-mode experience starts here
genesis.fhenix.io
(Roee Zolantz*) retweeted
AlphaEngine (@0xAlphaEngine) joins fhenix mainnet.
4/
the part that got me: ~2 years ago we pivoted from building our own confidential L2 to a coprocessor.
today that bet is live on chains people actually use, composable with the rest of DeFi. one token, two modes.
2/
that calm wasn’t luck.
the stressful part already happened, multiple times, over the last months.. the audit, hardening testnet, rehearsing the release until it got boring.
by today, going live was mostly doing something we’d already done many times.
AI can help you write the code, but creativity, dedication and teamwork are still on you.
Bro @liorbond , this has been one hell of a ride. Still can't believe it's out tomorrow!!! 🚀
USDG brings 1:1 backing and monthly reserve reports to Arbitrum. that's a foundation worth building on.
BUT - nobody wants their salary, spending and savings on public display.. the next step should be confidential tokens powered by FHE.
pre-IPO AI exposure onchain is huge, but every position, every buyer, every exit is readable by anyone..
private markets need private state, or the smart money stays offchain
LATEST: @Ondo Finance launches Ondo Private Markets, bringing pre-IPO company exposure onchain with 24/7 tradeable tokenized notes starting with an AI company this week and expanding to robotics, biotech and cybersecurity.
