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September 09, 2022
⚠️Clif High - Panic! 2022!⚠️

(Dinarian Note: Something to think about: If the evil petro-dollar is on it's way out.. is any stablecoin pegged to it really a safe-haven? Or is it better to be in Cryptos and silver during the transformation? 👉Not financial advice, just something to be thinking about as we move forward.)

Remember! Deep, slow, breathing!

Panic, it turns the mouth into a dessert with the tongue a rough and scaly petrified log resting on the sand. It heats the throat, pressurizes the lungs, constricts the heart, and empties the bowels and bladder with force that feels like it is draining away your very life.

Panic! It’s the most powerful of our active emotional complexes.... the one that can destroy the mind and all reason, in an attempt to preserve the body during assault. Panic drives the body and mind into an intensity equaled by no other emotion. Panic! It’s designed by universe as the last employable strategy when your mind is saying that Life Itself is about to be lost.

Panic grabs all the millions of bundles of existing stress in your body into a rope, twisting until they all start screeching under the strain, demanding of the Mind and Will some form... any form of release from the pressure.

Panic! As with all emotions, it’s contagious.

Panic spreads rapidly. The speed of transmission through a population is a defining characteristic of panic. Panic jumps from person to person with the very spark of communication, faster than electricity, at nearly the speed of Thought. Panic spreads fast.

There is no panic like a banking panic. Especially for speed of transmission, though it is the depth of penetration of the panic that is remembered in history, not usually the rapidity of its spread, as banking panics always are followed by society changing periods that last for years.

The Panic of 1893 led to four hard years that nearly destroyed the middle class in the USA. This panic also prompted political changes that participated in the Anti-Masonic movement that produced the ‘anti-mason laws’, as well as two, new, national political parties, one of which would go on to take the Presidency in just 10 years time.

The Panic of 1893 took out 500 banks, over 15,000 businesses, 4 major railroads, the nascent steel industry, and nearly sent Washington State back to the status of Territory. The Panic struck just 4 short, exuberant years following statehood being granted to Washington. During those 4 years, Washington had the fastest growing population on the North American continent. Census figures record some areas growing 20 fold over those first four exciting years of statehood as men, machinery, and money, moved in to harvest the plentiful resources of timber, fish, and irrigation free (due to rainfall) farming. Washington was a ‘booming’ place.

In fact, it was so ‘booming’ that the sentiment became a sales slogan.

Seattle boosters called their city "the boomingest place on the earth," and British author Rudyard Kipling described Tacoma in 1889 as "literally staggering under a boom of the boomiest" (Kipling, 43). www.historylink.org/file/20874

Always, both booms and banks will fail, and the banking Panic of 1893 sparked across the minds of men, igniting the explosion of confidence that ruptured the Washington state, as well as national, confidence. First the capital flow into the state shrunk, then reversed sharply, until funding on any commercial venture could be characterized as ‘impossible to obtain’. Within just 18 months following the panic, Washington state, the fastest growing state in the Nation, began to see municipalities fail, the infrastructure crumble, and the population abandon the area. The effects of the Panic of 1893 on Washington were still being felt four decades later in the 1940s as the state was best known for being the home of ‘Ma and Pa Kettle’ of movie fame, the iconic example of the form of American ‘genteel poverty’ at the time.

The confidence in the banking system in 1893 was due for an implosion based purely on internal dynamics of rampant fraud, poor-to-no accounting, a corrupt judicial system that favored the ‘special interests’ (today called ‘TPTB’, or the Deep State), and no political will to tackle the problems.

Sound familiar?

These days we have the financial system delicately balanced around a dying currency. Conditions are ripe for another banking panic.

There are notable differences between banking panics, and banking manipulations that produce crashes. The Panic of 1893 was structurally unlike the Great Depression of the 1930s. We even memorialize them in history based on their key differences. While the Great Depression was an engineered financial system ‘conversion event’ in which the controllers of the fractional reserve fiat system were converting their interest based ‘gains’ within the system into physical goods such as farm lands, thus creating the waves of ‘farmer suicides’ in the Midwest of USA in the 1930s, the Panic of 1893 was an event exogenous to the financial system of the day.

The Great Depression, and subsequent World War 2, were engineered to create just the results that history witnessed. The only time there was real panic within the financial system in the 1930s was in 1933, when the engineered slow down of the flow rates intended to allow assets to be seized by the banksters came perilously close to unleashing the Central Bank Killer, aka “deflation” as the commercial and government bonds moved towards implosion. At that point there was Big Panic within the system that originated at the top, eventually even spilling out into small scale runs against regional banks. The fear of deflation resulted in the Banksters, via the Federal government ‘authority’ of the office of the Presidency, going to great lengths to seize gold, and to outlaw it’s use by the populace.

The Panic of 1893, in contrast, was a sudden event outside the control of the ‘special interests’, today called the ‘elites’. The Panic, unlike the 1930s, was not engineered, and was the result of a loss of confidence in a bank issued currency during conditions of naturally occurring deflation, amid a period of the stabilization of commercial and consumer demand rates, while the economy was digesting the influx of inflation from gold discoveries of the previous 5 decades. Specifically, the Baring Bank issued demand notes based on illusions of growth within the Argentine economy, which failed to materialize. The Baring Bank, so the history back story goes, then paid to foment a coup in Argentina to try to force conditions to support their demand note issuance. When the news of the failure of the coup reached North America, the inevitable loss of confidence precipitated a great cascading fault Panic against over 500 banks’ demand notes which all rolled back into confidence in the dollar. As the demand notes, and other, mostly fraudulent currencies were destroyed, deflation roared to life within the global banking system.

The Panic of 1893 was not named by history for the subsequent massive Depression that changed America, and the World far more than was observed during the Great Depression of the 1930s. The difference is that the depression years following the 1893 Panic, and banking system collapse, was a period of decentralized growth, whereas during the Great Depression, it was rebuilding within the same, flawed, fraudulent financial centralized system that had created the conditions.

THE basic difference was the existence of the American Central Bank, aka ‘the Federal Reserve Bank’, which is not part of the federal government, has no reserves, and is not a bank.

The Panic of 1893 changed the political landscape across America, and the subsequent depression altered the world with innovation and inventions. Think airplanes, automobiles, electric communications, asphalt roads, soda pop, vitamins, and many other inventions made the US & world patent offices very busy places from 1897 through into 1929. There was a boom in patents, both applied, and granted, not equaled since. All of this emerged during the depression following the Panic of 1893. It was noted by economic forecasters of those years that the Panic had a great and deep ‘cleansing’ effect on the economy, and the minds of the people, and that the resulting institutional ‘poverty’ was significant in removing barriers placed on the populace by those, mostly corrupt, institutions.

The pace of innovation withered following 1929 as invention and commercial creation was brought under control of the CBI (central bank infrastructure) of academic and corporate and government funded research centers. The Great Depression of 1930s merely hardened the control of the Deep State, and eliminated avenues of freedom for the populace as the fractional reserve banking system set out to conquer the planet.

Which it did, conquer the planet, that is. We are there now. Central banking owns the earth, and all its resources, including you. At least that’s what the banksters think, and say. Just go listen to any of the speeches at the World Economic Forum. You will hear them say it. And their corrupted courts will enforce that thinking on you.

The recovery from the Panic of 1893 was visible within a single year as the prompted political and systemic changes began to be backed by the populace. It took four years, until 1897, for the impacts of the Panic period to fully emerge, for the 15,000 businesses to go bust, for the 500 + banks to implode, for the people to resettle, but by then, efforts to rebuild through replacing flawed institutions, and thinking, were already being seen in both National, and international publications.

The recovery from the engineered Great Depression is arguably still on-going as the Central Banking powers granted by law during the early years of that depression are still in effect. We are still using the degraded, failed, flawed, and fraudulent Federal Reserve Note (aka ‘the dollar’), and the same political infrastructure is still in place, in fact, more entrenched, and more pervasive, than ever seen in past Ages.

The conditions we face now are remarkably similar to those in existence prior to 1893 in character, though greatly magnified by population size, and thus economic, as well as financial activity. The pressures on the financial system, now, from popular culture, capital flows, government stability, banking controller actions are all much more resembling those of the late 1880s than the 1920s.

In spite of the very large, and very public, levels of social engineering by the Central Banks of the world, trying to cause yet another Great Depression, and follow on World War, 👉it is my opinion that we will instead witness a Banking Panic erupt.

👉The Panic that will erupt will be a ‘central’ banking panic. This panic, as in 1893 (and previous banking panics) will be at the level of ‘confidence in the currency’…at the level of the Federal Reserve itself. That is, like the Panic of 1893, the coming Great Panic of 2022 (or maybe 2023, though personally it seems unlikely that they can hold it together that long), will be all about faith and confidence in central bank issued currencies.

👉This Great Panic of 2022 will destroy the ‘full faith and credit’ of the US Federal Government. And its institutions. This will lead to the period that was labeled as Secrets Revealed within my ALTA reports.

👉The Secrets Revealed period will emerge due to the failure of the petrodollar financial structure that causes the Deep State to no longer have effective ways to bribe people at all levels of the ‘corruption career ladder’. This in turn leads to a great outpouring of Secrets, both large and small. The Secrets being revealed create an environment of ‘disclosure’ that was shown in my work to alter our concept of ‘transparency’, as well as ‘government’.

👉Deflation is again here, though caused this time by the covid scam and subsequent die-off from the vaccines. The ill, dying, and dead people from covid don’t make many demands on our consumer society. The failed war of NATO versus Russia in the Ukraine occupies the place of the failed coup in Argentina in 1893. When the reality of the failure becomes visible 👉due to some singular event, some example that can be discussed by the populace as a meme illustrative of the emerging failure, 👉then will the Panic of 2022 manifest.

👉There is not enough Xanax on this planet to calm a banking Panic.

👉As the Panic of 2022 unfolds, there will be mass histrionics, much from government, and banking ‘officials’ (most of whom will be gone from their positions within the next 12 months), as well as hysterics, and bad reactions within the populace.

People you know will go batshit crazy. The important thing to know when you see your relatives, friends, and neighbors acting out inappropriately, is that likely no one will remember the small incidents such your sister-in-law crying while shaking her nude fiddly bits in public.

👉So breathe deep and slow and remember that we are all going to be in it in a serious way, but that a cleansing Panic is a hell of a lot better than the alternative!

https://clifhigh.substack.com/p/panic-2022

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Finally an AI that tells it like it is..
I wish I knew which LLM this was.
If you know, please let me know in the comments.

00:02:53
🇺🇸 Elon Musk says he's "disappointed" to see the US Government's new massive spending bill.

"This increases the budget deficit and undermines the work the DOGE team is doing."

00:00:31
JUST IN: 🇺🇸 Secretary of Commerce Howard Lutnick says "tariffs are not going away."

Commerce Secretary Howard Lutnick has stated that the 10% baseline tariff on imports will likely remain in place for the foreseeable future, according to his comments on CNN's "State of the Union" on May 11, 2025.

Lutnick insists that the tariffs are not going away and that businesses and foreign countries, rather than consumers, will bear the cost of the tariffs.

Additionally, Lutnick has maintained that the baseline 10% tariff on all countries will not be reduced below this rate.

He has also emphasized that the tariffs are a necessary step to reset global trade dynamics and open up new markets for American exporters.

Despite these assurances, economists and consumer sentiment surveys generally disagree with Lutnick's stance, suggesting that consumers are likely to face increased costs due to the tariffs.

00:00:17
👉 Coinbase just launched an AI agent for Crypto Trading

Custom AI assistants that print money in your sleep? 🔜

The future of Crypto x AI is about to go crazy.

👉 Here’s what you need to know:

💠 'Based Agent' enables creation of custom AI agents
💠 Users set up personalized agents in < 3 minutes
💠 Equipped w/ crypto wallet and on-chain functions
💠 Capable of completing trades, swaps, and staking
💠 Integrates with Coinbase’s SDK, OpenAI, & Replit

👉 What this means for the future of Crypto:

1. Open Access: Democratized access to advanced trading
2. Automated Txns: Complex trades + streamlined on-chain activity
3. AI Dominance: Est ~80% of crypto 👉txns done by AI agents by 2025

🚨 I personally wouldn't bet against Brian Armstrong and Jesse Pollak.

👉 Coinbase just launched an AI agent for Crypto Trading
Theta EdgeCloud adds GPU cluster feature, allowing users to train large AI models with multiple distributed GPU nodes

Theta EdgeCloud gains a critical new feature today by allowing users to launch GPU clusters, a key requirement in training large AI models. In addition to individual GPU nodes, Theta EdgeCloud now lets you create a GPU cluster consisting of multiple GPU Nodes with the same type in the same region. The nodes inside a cluster can communicate directly to each other with minimal latency, which makes distributed AI model training possible on Theta EdgeCloud.

https://medium.com/theta-network/theta-edgecloud-adds-gpu-cluster-feature-allowing-users-to-train-large-ai-models-with-multiple-2985821fc4ac

🤖 The 32nd Academic Institution Worldwide To Adopt Theta EdgeCloud!

We're excited to announce that Sungkyunkwan University's AI & Media Lab (AIM Lab), led by Professor Sungeun Hong, has become the 32nd academic institution worldwide to adopt Theta EdgeCloud!

https://x.com/Theta_Network/status/1927388355148345619?s=19

Want to understand how mortgages are fraud? 😤🤯

Listen very carefully to this real court hearing because it can get complicated. About 17 mins long but well worth it.

Save it and watch when you can. It’s absolutely OUTRAGEOUS what bankers do to home buyers! 🤬

https://x.com/Juliesnark1731/status/1928986784756539460?s=19

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Fund Tokenization Prepares Asset Managers for ‘Perfect Storm’

Synopsis:

  • Great Wealth Transfer will see $84 trillion of intragenerational asset transfer over the next 20 years
  • Gen Y and Z investors favor investment in alternative asset types, which tokenization makes more investable for HNW clients
  • Tokenization encourages platform changes, and will ultimately bring additional operational benefits

A triumvirate of large-scale market changes are set to transform the asset management industry over the next decade.

With trillions of dollars worth of assets set to flow into the wallets of Gen X, Y, and Z investors, much of which will accumulate onchain, asset managers who move first to serve this new market will gain an advantage in capturing this revenue opportunity. The immediate opportunity is similar to when the ETF format was introduced in 1993, with first-mover State Street launching the SPY (SPDR S&P 500 ETF)—now one of the largest ETFs globally. The tokenized asset format is today’s generational opportunity.

Tokenization can unlock accessibility to alternative asset types and more composable assets and structures, enabling a significant change in how investors manage portfolios. With greater automation and rules-based investment allocations, entirely new strategies could also become economically viable. Integrating existing platforms with next-generation digital systems will enable the industry to modernize in stages, ultimately allowing for the adoption of new asset types at scale.

The forthcoming vicennial transformation of the industry will enable it to transform and emerge triumphant. Those at the forefront of this technology evolution stand to dominate and shape the future of asset management.

 

Great Wealth Transfer prompts global investment shake-up

The asset management industry is on the cusp of the largest wealth transfer event ever, set to last for the next two decades. Consulting firm Cerulli Associates estimates $84 trillion in assets is set to change hands as wealth passes from the baby boomer generation to Gen X, Y, and Z investors.

However, the investment behavior of these younger benefactors differs significantly from their forebears in two ways. Holding Web3 wallets and accounts on Robinhood, rather than brokerage accounts like their parents, millennials are opting for a more self-service model in their long-term holdings. Add to that the shift in risk appetite, searching for higher growth through less conventional asset types like private markets and crypto, and the need for the industry to transform quickly is clear.

Whilst the industry is not currently set up to offer this new investor class more customization, as opposed to one-size-fits-all product offerings, an 80% majority of asset managers believe customization for the masses will be an important investment strategy in the next five years.

 
 

                                          Ryan Lovell, Chainlink Labs

 

While asset managers could build their own proprietary blockchain infrastructure and smart contract systems from the ground up, that approach would require significant resources and specialized engineers, extend time to market, and be at higher risk of technical vulnerabilities or implementation errors. On the other hand, fully outsourcing the implementation would leave them with limited roadmap control, interoperability, and customizability, along with dependency risks.

Ryan Lovell, director of capital markets at Chainlink Labs, commented: “That’s why leading asset managers are taking a hybrid approach, leveraging both existing systems and Chainlink’s decentralized infrastructure to implement modular solutions that can scale across multiple blockchains.”

 

Industry transformation through tokenization

The launch of tokenized funds by firms such as BlackRock, Franklin Templeton, and Fidelity International has created a need for the fund administration industry to evolve to an onchain format. However, nearly all, 93% of fund services firms, have not automated data inputs, data checks, and key workflows, so their operations are still manually intensive, leading to increased operational costs, reduced liquidity, and missed investment opportunities. Standard transfer agent processing can take between one and three days for routine transactions, and between five and seven days for complex cases requiring additional compliance checks, cross-border settlements, or manual document verification.

“Operational efficiency is just the starting point of tokenizing funds,” said Lovell. “The real value is meeting the needs of future investors who are increasingly accumulating wealth across multiple blockchain networks.”

In order to reach this new onchain world, asset managers and their service providers may not want to make a huge investment to completely change their infrastructure, but instead adapt their existing systems to make them compatible with multiple blockchains.

For example, in November 2024, SBI Digital Markets, UBS Asset Management, and Chainlink completed the implementation of a tokenized fund to demonstrate how existing fund administration processes can be successfully made compatible with tokenized funds.

SBI Digital Markets, as a custodian and fund distributor, used smart contracts, oracle networks, and multiple blockchains to automate its processes. One of the key components was the digital transfer agent smart contract, which used multiple oracle networks from Chainlink and its blockchain-agnostic architecture to create a unified golden record.

Lovell compared the digital transfer agent to an offchain/onchain coordinator that does everything that a traditional transfer agent does, but in digital form.

“It does not replace the existing system but enables firms to be compatible with blockchain and then offer a service that can scale to all their customers,” he said. “Asset managers should be demanding this from their service providers.”

The pilot showed that a tokenized fund could maintain its share register on one blockchain while using Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to enable the processing of intensive fund lifecycle activities such as subscriptions and redemptions on different blockchains while meeting institutional security and compliance standards.

Swift, UBS Asset Management, and Chainlink also settled tokenized fund subscriptions and redemptions using the Swift network, which enables payments with fiat currencies across more than 11,500 financial institutions in over 200 countries.

                                     Winston Quek, SBI Digital Markets

Winston Quek, CEO at SBI Digital Markets, said in a statement: “This new way of launching fund structures and administering them via smart contracts empowers both fund managers and their service providers to deliver new onchain financial products and lower operational costs to investors, both things they are actively looking for.”

In addition to lowering costs, using blockchains increases transparency and allows real-time reconciliation between the fund distributor and the fund issuer. Lovell highlighted that Chainlink can also use the same architecture to enable investors who want to hold tokens that are backed by offchain assets, settle these tokens across any blockchain, incorporate data that is needed to process transactions onchain, such as NAV data, and coordinate payments between distributors and the asset managers.

In the U.S. there are requirements around private and public funds and Chainlink enables asset managers to consolidate and consume onchain record keeping while fulfilling regulatory obligations. U.S. funds also require the distributor to onboard users and buy and sell the fund while the custodian and fund accountant provide reporting data.

“We allow all of those service providers to coordinate outside of their firewalls,” said Lovell. “Chainlink’s goal is to enable the TradFi and DeFi worlds to seamlessly connect, which increases utility.”

 

The Great Wealth Transfer is driving asset management onchain

With $84 trillion set to flow from baby boomers to Gen X, Y, and Z, their demand for alternative asset types and customization will shape the future of asset management. While today’s systems may be prohibitively expensive to offer these benefits at scale, tokenization changes the economics.

Tokenized funds by BlackRock, Franklin Templeton, and Fidelity International have already proven the demand for onchain assets, while a solution by SBI Digital Markets, UBS Asset Management, and Chainlink has demonstrated the operational efficiencies of blockchain technology and how onchain assets can be provided at scale.

The choice is clear for asset managers and service providers: embrace the tokenization revolution and lead the next era of finance or risk being left behind. Those who act now will not only gain a first-mover advantage but also shape the future of the industry.

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Stellar's Ecosystem Surges Forward: Smart Contracts, Lightning Speed, and Real-World Impact in 2025

The Stellar blockchain ecosystem is experiencing remarkable momentum in 2025, with groundbreaking technical achievements and expanding real-world adoption that position it as a major player in the decentralized finance landscape. From lightning-fast transaction speeds to innovative smart contract capabilities, Stellar is demonstrating that blockchain technology can deliver both performance and practical utility.

Technical Breakthroughs Drive Performance

The Stellar Development Foundation's Q1 2025 quarterly report reveals impressive technical milestones that showcase the network's maturation. The platform now processes an astounding 5,000 transactions per second with remarkably fast 2.5-second block times, putting it among the fastest blockchain networks in operation today.

This performance leap isn't just about raw numbers—it represents Stellar's commitment to creating infrastructure that can handle real-world demand. Whether it's cross-border payments, asset tokenization, or decentralized applications, the network's enhanced capabilities provide the foundation for scalable blockchain solutions.

Smart Contracts Get Smarter with Soroban

One of the most significant developments has been the launch and continued evolution of Soroban, Stellar's smart contract platform. The introduction of Contract Copilot represents a major advancement in developer experience, enabling faster and safer smart contract development through enhanced tooling and guidance.

This focus on developer experience is crucial for ecosystem growth. By lowering barriers to entry and improving the development process, Stellar is positioning itself to attract innovative projects and talented developers who might otherwise choose competing platforms.

New Token Standards Meet Market Needs

The Stellar Development Foundation has introduced new token standards developed specifically based on feedback from developers and institutional users. This responsive approach to platform development demonstrates Stellar's commitment to building technology that meets actual market needs rather than theoretical requirements.

These standards are particularly important as institutional adoption continues to grow, with organizations requiring robust, compliant, and flexible token frameworks for their blockchain initiatives.

Global USDC Integration Expands Utility

The integration of USDC across Stellar's global network represents a significant milestone for practical cryptocurrency adoption. Stablecoins like USDC provide the price stability necessary for everyday transactions and business operations, making them crucial for blockchain platforms seeking real-world utility.

This integration is particularly impactful in emerging markets, where access to stable digital currencies can provide financial services to underbanked populations and facilitate more efficient cross-border transactions.

Industry Events Build Community Momentum

The Stellar ecosystem's growing influence is evident in its presence at major industry events. The foundation's participation as a sponsor at Consensus 2025 in Toronto and Digital Assets Week in New York demonstrates its commitment to engaging with builders, investors, and institutional leaders across the blockchain space.

These events serve as crucial networking opportunities and platforms for showcasing innovative projects within the Stellar ecosystem. Recent Meridian events have highlighted creative projects like Skyhitz and HoneyCoin, illustrating the collaborative spirit and diverse applications being built on the platform.

Real-World Impact in Emerging Markets

Perhaps most importantly, Stellar's growth isn't just about technical metrics—it's about real-world impact. The platform's focus on emerging markets addresses genuine financial inclusion challenges, providing efficient payment rails and access to digital financial services where traditional banking infrastructure may be limited.

This practical approach to blockchain implementation sets Stellar apart from projects that focus primarily on speculative trading or theoretical use cases. By solving actual problems for real users, Stellar is building sustainable demand for its technology.

Looking Ahead: Enterprise-Grade Infrastructure

Stellar positions itself as offering enterprise-grade asset tokenization alongside its DeFi capabilities and payment infrastructure. This comprehensive approach makes it attractive to institutions looking for a single platform that can handle multiple blockchain use cases.

The combination of fast transactions, low costs, smart contract capabilities, and regulatory-conscious development creates a compelling value proposition for enterprises considering blockchain adoption.

The Road Forward

As 2025 progresses, Stellar's ecosystem appears well-positioned for continued growth. The technical infrastructure improvements, developer-focused enhancements, and real-world adoption initiatives create a strong foundation for expanding use cases and user adoption.

The blockchain industry has seen many projects promise revolutionary capabilities, but Stellar's focus on delivering measurable performance improvements and practical solutions suggests a mature approach to blockchain development. With transaction speeds that rival traditional payment systems and growing institutional adoption, Stellar is demonstrating that blockchain technology can move beyond experimental phases into mainstream utility.

For developers, institutions, and users looking for blockchain solutions that prioritize both performance and practical applicability, Stellar's 2025 developments represent significant progress toward a more accessible and useful decentralized financial ecosystem.

Source: The Dinarian ⚡ Claude AI

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Soroban Security Audit Bank: Raising the Standard for Smart Contract Security

The Stellar Development Foundation (SDF) is deeply committed to helping ensure that the highest security standards are available for projects building on the Stellar network. Last year SDF launched the Soroban Security Audit Bank, an initiative to provide projects access to auditing experts and tooling that are proven to help prevent hacks by catching potential bugs, inefficiencies, and security flaws before contracts go live. Through the Soroban Security Audit Bank, we’re empowering teams building on Soroban with comprehensive security audits from leading audit firms, enhanced readiness support, and robust tooling, significantly elevating the ecosystem’s safety and efficiency.

Since launch, the Soroban Security Audit Bank has successfully conducted over 40 essential audits, deploying over $3 million to support security of the smart contracts on Stellar. Check it out!

 

Ecosystem Success Stories: How the Soroban Audit Bank Drives Security Forward

By making automated formal verification available to developers, in addition to allocating significant budget for securing many of the top DeFi protocols built on top of Stellar, SDF has established a new security standard in the Web3 ecosystem. Mooly Sagiv, Co-Founder of Certora
SDF has been a strong partner as we’ve worked with teams across the Stellar ecosystem. SDF’s Audit Bank initiative allows for a smooth and streamlined review process, and is a clear reflection of the Stellar ecosystem’s enhanced commitment to security. Robert Chen, CEO of OtterSec
 

Leading projects within the Soroban ecosystem have highlighted the impact of the Audit Bank

Finding a good auditor is difficult, expensive, and high-stakes. The Audit Bank streamlines the process and supports ecosystem projects with security review at critical growth milestones. Markus Paulson, Co-Founder of Script3
The audit firms we worked with deeply understood the full ecosystem and the underlying protocols used. Their expertise and the tools from the Audit Bank strengthened our security and supported user and investor trust. Esteban Iglesias Manríquez, Co-Founder of Palta.Labs

What's New in 2025: Enhanced Audit Support for Soroban Builders

Teams building financial protocols, high-dependency data services, high-traction dApps funded by the Stellar Community Fund are able to request an audit and will typically be matched with a reputable audit firm within two weeks. We recently restructured the program for this year to enhance audit efficiency and incentivize accountability, and rapid and complete vulnerability remediation:

  • Complimentary Initial Audit: Projects will need to contribute 5% of the audit cost upfront, but this co-payment amount is eligible for a full refund, provided that critical, high, and medium vulnerabilities identified are swiftly remediated within 20 business days of receiving the initial audit report (learn more).
  • Incentivized Security at Key Traction Milestones: Complimentary, extensive follow-up audits are available as projects achieve critical traction milestones (e.g., $10M and $100M TVL). These audits include deeper assessments such as formal verification or competitive audits, significantly boosting project security at pivotal stages.
  • Advanced Security Tooling: Projects can enhance their security self-serve through complimentary or discounted access to specialized tooling, which provide vulnerability detection and formal verification capabilities (see full list of available tooling). These tools are encouraged to capture ‘easy-to-spot’ issues prior to audit as well as a final check post-audit to increase the effectiveness and thoroughness of audits.
  • Enhanced Audit Readiness Support: Projects receive structured preparation support, including the implementation of best practices and security standards based on the STRIDE threat modeling framework. This ensures project teams are thoroughly prepared, optimizing audit efficiency and minimizing delays.

Get Started Today

If you're already funded through the Stellar Community Fund, meet the criteria and ready to secure your smart contracts, check your email for an invitation to submit an audit request–if you haven’t received one, contact [email protected].

If you haven't built on Stellar yet, we encourage you to start your journey with the Stellar Community Fund to become eligible for future security audits and ecosystem support. For any broader questions on the program, contact [email protected].

Also, we’re organizing an exciting series of workshops–join us for the kick-off on Soroban Security Best Practices on Friday, May 30, 2025 at 2 PM ET on @StellarOrg. Together, we're shaping a secure and resilient future for smart contracts on Stellar.

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Your generosity keeps this mission alive, for all! Namasté 🙏 The Dinarian

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