Hydro @hydromarkets

Cycles Pay is the first app that lets users send invoices and get paid in stablecoins privately.

Cycles Pay is the first privacy-preserving crypto payment app for businesses. This is possible because of few specific design choices: First, the private keys stay on your mobile device. User actions are cryptographically signed by your private key before being submitted on-chain. The financial data is encrypted with that key and doesn’t leave your mobile device. Second, Cycles Pay uses a shielded pool to hide account balances on-chain. They are tracked as encrypted commitments and no one can see the underlying amounts or participants. Third, when you make a payment, a ZK proof is generated and verified on-chain to confirm the transaction is valid without revealing the amount or the counterparty. Users get blockchain integrity without exposing the transaction details.

When we started working with the Cycles team, I thought it was going to take years to build a useful product (clearing requires big time network effects) Turns out, 3 months later, they've shipped the first private business app (with saving accounts, powered by @hydromarkets's magic)

Cycles @cyclesmoney

2 weeks ago

We’ve raised $8.7M to bring clearing to the masses. Our new round was led by Blockchange to work on the most powerful idea in finance. It’s not just about moving money faster & cheaper; it’s about moving less while doing more.

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Congrats @cyclesmoney ! Hydro is now fully integrated into their awesome private payments app and all individual & business users have access to saving accounts powered by Hydro. As they continue building the clearing infra, we'll ensure the funds remain productive

Cycles @cyclesmoney

2 weeks ago

We’ve raised $8.7M to bring clearing to the masses. Our new round was led by Blockchange to work on the most powerful idea in finance. It’s not just about moving money faster & cheaper; it’s about moving less while doing more.

64 73 514 105K 169

Fiat accounts are coming to Cycles Pay. We’ll provide our users with a virtual bank account number that they can use to receive fiat USD, and have it automatically converted into USDC in their Cycles account.

You can deposit into Hydro’s USD vault here hydro.markets/inflow/vaults/… And if you have any questions, join our Telegram group: t.me/cycles_communi…

Hydro’s USD vault has averaged 6.08% APY since launch. This is 2.09% higher than the current median APY of the top 20 Morpho USDC & USDT vaults (3.99%), and 2.38% higher than the current US short-term treasury bill interest rate (3.70%).

See the full bid details and vote here: hydro.markets/v2/bids/atom/1… You can also join our Telegram channel to get new bid notifications: t.me/hydro_community

Welcome back @neptune_finance. They’re bidding to maintain liquidity in Neptune’s ATOM lending pool on @injective If you have ATOM locked into Hydro, you can vote for this bid and earn USDC on top of your ATOM staking rewards.

In collaboration with @stride_zone and @hydromarkets, we're welcoming stATOM as our latest collateral listing. stATOM increases in redemption value over time (currently +17% APY) making it a top choice for ATOM long strategies and loop staking. Now available on @injective 🥷

See the full bid details and vote here: hydro.markets/v2/bids/atom/1… You can also join our Telegram channel to get notified about future bids: t.me/hydro_community

The @stride_zone team is bidding for liquidity for the stATOM/ATOM pool on @osmosis If you have ATOM locked into Hydro, you can vote for this bid and earn STRD rewards

See the full bid details and vote here: hydro.markets/v2/bids/atom/1… You can also join our Telegram channel to get notified about future bids: t.me/hydro_community

The @stride_zone and @neptune_finance teams are bidding to maintain ATOM liquidity in @HelixMarkets on @injective This deployment will allow Neptune to continue supporting stATOM as a collateral asset on their lending market.

We've been eating our own dog food with @cyclesmoney! And it's actually been pretty delicious so far. You too can join our private business beta now, just DM us here or on tg

We're resetting Informal to focus on the highest impact opportunities in front of us. Today we’re announcing the new @informalinc, a more focused and refined Informal, with two big bets, one in software, one in money. We started Informal with a simple mission: to foster trust in software and money. We pursued that mission through a variety of means: research, engineering, audits, staking, cross-chain relaying, and various incubated projects. Our technology helped move ecosystems forward. But through all that we lost focus, spread ourselves too thin. While we felt everything we did was valuable, it was too much. So we have decided to simplify. Our two big bets aren’t new. In fact we’ve been betting on them for years already. It’s just that now they are our exclusive focus. The first is @quint_lang, a big bet on transforming how we approach and trust software. AI has already dramatically reshaped the cost of producing code, but now the problem becomes validating it. How do we know the code is correct? How do we express ourselves and our intent in a way that can be reliably iterated on with machines and can produce correct outcomes? How do we reason about and test our systems in this new AI-based world? Quint is our answer. A way to formally specify systems so humans and machines can reason about them together. It’s not about replacing developers, it’s about making intent explicit. Today we’re announcing the launch of Quint as its own company, with @bugarela as CEO, and an incredible team from Informal joining her. Follow her! And learn more about the team and what they're working on: x.com/bugarela/statu… The second is @cyclesmoney, a big bet on transforming how we approach and trust money. We’ve been pioneers in the cryptocurrency space for a decade, but something is still missing in how we think about money. Everyone is so focused on moving assets faster and faster that they miss the underlying reason we need to move those assets in the first place - the debts we have with each other. Cycles is built on the insight that we need to start from the debts. That the debts form a network, and liquidity is hidden in the structure of the network. That the debts can be *cleared*, with less money than you think. That clearing is the most powerful financial capability in the world and it’s available exclusively to the largest financial institutions, or to small groups of friends splitting expenses. Cycles brings that power to everyone else, to do more with less, to save liquidity, to access new avenues for growth. To trust in the graph. Cycles changes the perspective from a bilateral, transactional view to a multilateral, network view. The world is not a multi-asset spot market, it’s a network of balance sheets. Respect the Graph. Our goal with Cycles is to clear the most debt, for the most people, with the least amount of money. We’re starting with large crypto trading firms settling T+1 that want to save liquidity, and with small crypto-businesses that want privacy for their payments. If you want private payments with great UX and yield (thank you @hydromarkets!), follow @cyclesmoney and msg us or join our TG to try the beta t.me/cycles_communi… With this refocus on Quint and Cycles, we’re winding down other parts of the business that don’t align. That means services we’re proud of and people we deeply respect, and have worked passionately with for years. Saying goodbye to people is always difficult, and we’re so grateful for everything they’ve done for Informal over the years. We’ve had the privilege of working with such incredible talent, and we’re sad to see them go. We wish them nothing but the best in future endeavours. Through all of this, I’m beyond grateful for my two partners and co-founders at @informalinc, @ArianneFlemming and @zarinjo. We’re ready to take on this next chapter together with renewed focus. They are rock-stars. They have made it possible for us to get here, to make Quint and Cycles happen, and to grow them into generational bets. While they will primarily focus on Quint for now, they continue to support me on Cycles. For @informalinc, we're incredibly excited to be able to focus on the highest impact outcomes we think we can tackle. And we’re bringing on new partners and investors that believe in what we’re doing. As for me, I’m all in on @cyclesmoney with our amazing team because I believe in the power of clearing and I want to make it accessible to all. The crypto revolution is far from over. I spent 10 years transforming how the world thinks about blockchains. And I’ll spend the next 10 years doing the same for clearing. Back to startup mode ✌️

Informal Systems @informalinc

2 months ago

Informal is going back to its roots. Today we're making a deliberate choice about where to focus. Six years ago we started with a simple mission: foster trust in software and money.

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WAVS components now support raw sockets and tls, which means services can communicate with systems like IPFS, email, and other low level protocols directly this makes workflows like our partnership with @hydromarkets possible, where a simple offchain action like email can trigger onchain execution flow

We're locked in for (at least) the next 10 years. If you'd like to get in at stage 0 and try out our private business beta (invoicing, private payments, yield), just DM-us on X now

Ethan Buchman (🐝,🦇) @buchmanster

2 months ago

We're resetting Informal to focus on the highest impact opportunities in front of us. Today we’re announcing the new @informalinc, a more focused and refined Informal, with two big bets, one in software, one in money. We started Informal with a simple mission: to foster trust in

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We’ve started the @cyclesmoney private beta for businesses. As far as I can tell, we’ll be the first team to bring small businesses access to features like invoicing with private payments & yield and I’m very proud of that. DM me if you’d like to be part of history!

See the full bid details and vote here: hydro.markets/v2/bids/atom/1… You can also join our Telegram channel to get notified about future bids: t.me/hydro_community

The @stride_zone team is placing their usual bid for liquidity for the stATOM/ATOM pool on @osmosis If you have ATOM locked into Hydro, you can vote for this bid and earn STRD rewards