I have a difficult announcement to make. TL;DR @ISC_money will go into survival mode. We’re pivoting into FxSwap full time. - ISC will remain live. Fully collateralized. Pegged. Highly liquid. - BD, Marketing, Integrations, and the Points system will shutdown. - We will not launch a governance token for the foreseeable future. However, if we eventually do, you will not be forgotten. Why? - We exceeded our original budget (we never raised) - Lack of sufficient traction Main Announcement After working for more than 2 years on ISC, this decision is heart wrenching. Especially considering that every week we’re ever closer to a breakthrough. ISC launched at $1.54, and is now sitting at $1.81. It works. In fact, we just won the Payment Track for the @colosseum's Radar Hackathon and were invited to the accelerator. This would most likely enable us to raise funds and possibly flip into a TGE of our governance token. But the harsh truth is we don’t have enough traction. Very few people want an inflation resistant currency enough to overcome its current shortcomings. The biggest shortcomings are: - USD is the undisputed global unit of account - USD owns the “stability” narrative - Small TVL ➡️ perception of high risk Given our current situation, we don’t believe that pursuing a raise and a TGE would meaningfully solve those shortcomings. If anything we’ll most likely burn through investor cash and lose money for the folks who believe in us. When we launched, we believed people would want ISC because it’s superior to fiat currencies. After all, so many traders and teams are sitting on USD everywhere. USD holders leave ~5% per year on the table. We thought to ourselves, “We’re a team that has the capability and the balls to do it! We’re going to save the world against hyperinflation!” This exchange with Meow perfectly sums up my current thoughts. You can’t make people want what they need. People need an inflation-resistant, decentralized currency. But people want to invest in an idea early enough so that they become rich when it ultimately plays out. Arguably, we should have sold ISC’s vision, the governance token, and then prepared a big launch of ISC itself. With ISC already launched, it kills the dream. Given the current state of things, the dream is effectively capped. ISC is at $2M TVL… and it’s been out for more than one and a half years. HYPE > Product? I think for this kind of path, you need someone like Eno at the helm. Someone that will drive hype, that will make things attractive, that will lead the army into battle. I pushed myself as far as I could without betraying who I am. If I had to lead an army to battle, I’d feel compelled to inform the soldiers of their survival odds. I believe that’s the right way to deal with other people’s money, but isn’t great for mission/cult building, which is what ISC needs to take off. What’s next? ISC will remain live. The peg for ISC will be maintained and it will remain fully collateralized. We want to keep ISC running in order to build Lindy Effect, which will help trust down the road. We still believe that the world will need an alternative to the USD sooner than later. We’ll be there for that. We’re pivoting to FxSwap. Something that is not only needed for ISC, but also for other non-USD stablecoins and RWAs. Save Finance (Solend) ISC pool will become deprecated the next few days. We’ll disable borrowing and facilitate withdrawals. ORE-ISC LP take/unstake tool will be deprecated. We recommend to unstake and restake your ORE-ISC LP token directly with @ec1ipse_sol. We’re massively cutting costs. We’re going from 10 people down to 3. The Prospera points system is ending. We have taken a snapshot. Future TGE We don’t have any plans for TGE. It’s possible that FxSwap, Lindy Effect, or other factors help us refill the rocket so that ISC can reach orbit. If we ever launch a governance token for ISC, I want you to know that you will not be forgotten. - Points snapshot has been taken - Active community members, both of ISC and Solana - Others that helped the mission at different times - Team members ISC Team The most difficult thing was to say goodbye to the team we’ve built over the last 2 years. Cofounders: @anish2748 - 10x engineer - will remain to work on FxSwap. @youknoweno - An old friend and, much to our surprise, born to work in crypto. Will move on to new ventures. Marketing: @bart_hillerich - A one man marketing agency. Not joking. @namanchordia19 - The intern, always coming with brilliant ideas. Engineering: @Xlazer4 - Brilliant, able churn through complex problems. @nero__sensei - Our in-house DeFi expert. @AndziDev - Work power house. Can you do this for tomorrow?? Ok. All 3 are super hard working, very hungry with a lot of initiative. Operations: @medabun2024 - This girl solved all our office problems. Actually really fun to have around. If you are in Vietnam and need help with something, she’s the one. This feels so off. I’d rehire each of them immediately. Without you, we wouldn't have made it this far. Special Thanks Some people deserve massive thanks for supporting us, helping us, being there for us, and more. The list is endless, which is why I hate making those lists. What if I forget someone… I will definitely… I’m sorry. Unique mention to @0xSoju. This guy connected us to the Solana ecosystem like no one else. He vouched for us, and helped us every step of the way when we were still nobodies.

🚨 Solana Stable Future is live now 🇰🇷 xitter.cf/i/broadcasts/1dRJZavPE…

eno oppa on the stsge

The wait is almost over. Tomorrow, Stable Future sets the stage for bold ideas and the next wave of builders. Get ready, this is where the future of stablecoins takes shape 🌐 Here’s all you need to know before the doors open 👇

Solana szn continues 🔥 Another week, another step closer to internet capital markets, with Galaxy and Superstate tokenizing GLXY on Solana, the first time a public company has natively issued SEC-registered equity on the network. Check out everything else you missed last week: - USD1 went live on Solana, with day 1 integrations for the $2B+ supply stablecoin with @bonkfun, @raydiumprotocol, and @kaminofinance - @RemoraMarkets brought tokenized stocks to Solana, available for traders on @DeFiTuna - The first spot SOL ETF with staking in Central Asia went live in Kazakhstan, with Fonte Capital’s SETF has been officially listed on the Astana International Exchange (AIX) - @ReflectMoney, a capital efficient stablecoin yield protocol powered by Solana, announced their $3.75MM raise led by @a16zcrypto. You can join their waitlist by now at the link in their bio. - @SolanaLabs welcomed the third cohort of the Solana @incubator, featuring @pyefinance, @xitadel_fi, @zyntafinance, @seedplex_io, and @genpulseAI - @xfractaldotfun launched their natural language processor for advanced research and analysis on every solana token - @Coinbase's x402 now supports Solana , enabling AI Agents to go online and purchase services using USDC on Solana in less than 1 second. - @LeahWald announced that @SOLStrategies was approved for Nasdaq Global Select Market listing under the ticker “STKE” and trading will commence on Tuesday - @Colosseum announced that the next Solana startup competition, Cypherpunk, will run from September 25 through October 30, 2025, with early signups open now. - @YouKnowEno announced registrations for @SolStableFuture are now live, bringing the top minds in stables together in Seoul on Sept. 23rd during Korea Blockchain Week - @sssionggg shared that @jup_lend surpassed 1B total market size in just 1 week since public launch - @solana_zh announced that applications are open for their 12-week accelerator program for Chinese entrepeneurs organized by Solar and @HackQuest_ with support from @SonicSVM - @pumpdotfun surpassed $2M in creator fee claims in just 24 hours after launching Project Ascend - Tokenized Pokemon card trading accelerated, with @Collector_Crypt adding $13m in net new revenue in August and @phygitals going from 0 to $10M in GMV in just one week Miss something? Gently yell in the replies below. If you’re in the LA area, make sure to swing by the Solana activation at the All-In Summit. And as always, hope you have an awesome week ahead 🫡