Transforming Market Challenges Into 2025 Opportunities.
The institutional crypto landscape is evolving rapidly. Traditional approaches to yield generation, risk management, and operational efficiency are no longer sufficient for tomorrow's market leaders.
After six months of intensive research and in-depth interviews with institutional players at the forefront of crypto adoption, we've mapped the challenges they face and more importantly, how they can solve them.
Three Critical Layers:
Risk Management
33% of institutions cannot find yield opportunities within their risk tolerance. Regulatory complexity and market demands require a new approach.
Capital Efficiency
Extended unbonding periods and custody limitations are locking billions in potential opportunities. Market leaders need to find more innovative solutions.
Operational Complexity
55% of operational costs are tied to compliance and third-party services. There's a clear need for more efficient frameworks.
What You'll Get:
Strategic frameworks for evaluating new yield opportunities
Download The Playbook:
Our detailed report reveals how leading institutions are transforming these challenges into competitive advantages. Get actionable insights and implementation guides to position yourself for success in 2025.
<p></p><p>With the Symbiotic mainnet launch right around the corner, <strong>it’s time to learn more about the incredible Networks</strong> leveraging Symbiotic to power the platform!</p><p>Networks are protocols that require a distributed set of node operators (like <a href="p2p.org" rel="noreferrer">P2P.org</a>!) to provide technical services such as:<br><br>- Decentralized transaction sequencing,<br>- Automation of protocol functions,<br>- Consensus regarding off-chain data,<br>- Bringing it on-chain (oracles).</p><p>We prepared a brief introduction to Networks building on Symbiotic, providing you with a quick overview. (Click the project's name to learn more)</p><div class="kg-card kg-toggle-card" data-kg-toggle-state="close"> <div class="kg-toggle-heading"> <h4 class="kg-toggle-heading-text"><span style="white-space: pre-wrap;">Bolt</span></h4> <button class="kg-toggle-card-icon" aria-label="Expand toggle to read content"> <svg id="Regular" xmlns="http://www.w3.org/2000/svg" viewbox="0 0 24 24"> <path class="cls-1" d="M23.25,7.311,12.53,18.03a.749.749,0,0,1-1.06,0L.75,7.311"/> </svg> </button> </div> <div class="kg-toggle-content"><p><span style="white-space: pre-wrap;">The Ethereum network currently faces some UX challenges- Ethereum’s 12-second block proposal interval constrains transaction confirmations. Additionally, limited competition in Ethereum’s block construction pipeline restricts the protocol’s censorship resistance and scalability.</span></p><p><span style="white-space: pre-wrap;">To address these issues, Chainbound has developed Bolt, an instant pre-confirmation protocol that provides users with confirmation of transaction inclusion in a block in less than a second! Bolt achieves this by allowing participating validators to make credible commitments about the contents of their blocks, which in turn strengthens Ethereum’s censorship resistance.</span></p><p><b><strong style="white-space: pre-wrap;">More info: </strong></b><a href="https://chainbound.github.io/bolt-docs/?ref=p2p.org"><u><span class="underline" style="white-space: pre-wrap;">Docs</span></u></a></p><p><b><strong style="white-space: pre-wrap;">Social Media: </strong></b><a href="https://x.com/boltportocol_?ref=p2p.org" rel="noreferrer"><u><span class="underline" style="white-space: pre-wrap;">X Profile</span></u></a></p></div> </div><div class="kg-card kg-toggle-card" data-kg-toggle-state="close"> <div class="kg-toggle-heading"> <h4 class="kg-toggle-heading-text"><span style="white-space: pre-wrap;">Cycle Network</span></h4> <button class="kg-toggle-card-icon" aria-label="Expand toggle to read content"> <svg id="Regular" xmlns="http://www.w3.org/2000/svg" viewbox="0 0 24 24"> <path class="cls-1" d="M23.25,7.311,12.53,18.03a.749.749,0,0,1-1.06,0L.75,7.311"/> </svg> </button> </div> <div class="kg-toggle-content"><p><span style="white-space: pre-wrap;">Cycle Network supports bridgeless cross-chain liquidity abstraction, enabling secure and trustless interactions across networks like Bitcoin and EVM-compatible blockchains.</span></p><p><span style="white-space: pre-wrap;">Cycle Network supports bridgeless cross-chain liquidity abstraction through the Verifiable State Aggregation (VSA) and Omni State Channel Indexer (OSCI), enabling secure and trustless interactions across networks like Bitcoin and EVM-compatible blockchains. This enables users to interact and transact across chains and dApps in a trustless, secure, and omni-chain environment without needing bridges.</span></p><p><span style="white-space: pre-wrap;">Together with vault and operator partners like P2P.org, Cycle Network will utilize Symbiotic's shared security as one of the first networks on its mainnet to further safeguard cross-chain transactions and enhance interoperability across Bitcoin and EVM-compatible blockchains.</span></p><p><b><strong style="white-space: pre-wrap;">More info</strong></b><span style="white-space: pre-wrap;">: </span><a href="https://cycle-network.gitbook.io/cycle-network-docs?ref=p2p.org"><u><span class="underline" style="white-space: pre-wrap;">Docs</span></u></a></p><p><b><strong style="white-space: pre-wrap;">Social Media: </strong></b><a href="https://x.com/cyclenetwork_GO?ref=p2p.org"><u><span class="underline" style="white-space: pre-wrap;">X Profile</span></u></a></p></div> </div><div class="kg-card kg-toggle-card" data-kg-toggle-state="close"> <div class="kg-toggle-heading"> <h4 class="kg-toggle-heading-text"><span style="white-space: pre-wrap;">Hyperlane</span></h4> <button class="kg-toggle-card-icon" aria-label="Expand toggle to read content"> <svg id="Regular" xmlns="http://www.w3.org/2000/svg" viewbox="0 0 24 24"> <path class="cls-1" d="M23.25,7.311,12.53,18.03a.749.749,0,0,1-1.06,0L.75,7.311"/> </svg> </button> </div> <div class="kg-toggle-content"><p><span style="white-space: pre-wrap;">A familiar name in restaking and interoperability, Hyperlane brings a wealth of experience to the Symbiotic platform.</span></p><p><span style="white-space: pre-wrap;">Hyperlane is developing a Symbiotic-secured ISM (Interchain Security Module) for its modular interoperability framework. This is another positive step toward modular expansion, a core value of the Hyperlane team. </span></p><p><b><strong style="white-space: pre-wrap;">More info: </strong></b><a href="https://docs.hyperlane.xyz/?ref=p2p.org"><u><span class="underline" style="white-space: pre-wrap;">Docs</span></u></a></p><p><b><strong style="white-space: pre-wrap;">Social Media: </strong></b><a href="https://x.com/hyperlane?ref=p2p.org"><u><span class="underline" style="white-space: pre-wrap;">X Profile</span></u></a></p></div> </div><div class="kg-card kg-toggle-card" data-kg-toggle-state="close"> <div class="kg-toggle-heading"> <h4 class="kg-toggle-heading-text"><span style="white-space: pre-wrap;">HyveDA</span></h4> <button class="kg-toggle-card-icon" aria-label="Expand toggle to read content"> <svg id="Regular" xmlns="http://www.w3.org/2000/svg" viewbox="0 0 24 24"> <path class="cls-1" d="M23.25,7.311,12.53,18.03a.749.749,0,0,1-1.06,0L.75,7.311"/> </svg> </button> </div> <div class="kg-toggle-content"><p><span style="white-space: pre-wrap;">Data availability is an essential consideration in the blockchain space. This is especially true for applications with high data demands, such as DePIN, AI apps, rollups, parallel execution environments, and L2 Networks.</span></p><p><span style="white-space: pre-wrap;">HyveDA is a middleware data availability layer built on Ethereum that powers such networks to achieve significant potential data publishing throughput.</span></p><p><span style="white-space: pre-wrap;">While most data availability protocols rely on permissioned networks and centralized batch proposers, HyveDA utilizes a permissionless data availability committee (DAC). This ensures that anyone can maintain data availability and eliminates the need for a single point of authority, a key component for enhancing security.</span></p><p><b><strong style="white-space: pre-wrap;">More info:</strong></b> <a href="https://docs.hyveda.xyz/?ref=p2p.org"><u><span class="underline" style="white-space: pre-wrap;">Docs</span></u></a></p><p><b><strong style="white-space: pre-wrap;">Social Media: </strong></b><a href="https://x.com/HyveDA_xyz?ref=p2p.org"><u><span class="underline" style="white-space: pre-wrap;">X Profile</span></u></a></p></div> </div><div class="kg-card kg-toggle-card" data-kg-toggle-state="close"> <div class="kg-toggle-heading"> <h4 class="kg-toggle-heading-text"><span style="white-space: pre-wrap;">iBTC</span></h4> <button class="kg-toggle-card-icon" aria-label="Expand toggle to read content"> <svg id="Regular" xmlns="http://www.w3.org/2000/svg" viewbox="0 0 24 24"> <path class="cls-1" d="M23.25,7.311,12.53,18.03a.749.749,0,0,1-1.06,0L.75,7.311"/> </svg> </button> </div> <div class="kg-toggle-content"><p><span style="white-space: pre-wrap;">While wrapped Bitcoin (wBTC) has been integral to DeFi ecosystems for many years, the iBTC team is furthering innovation with a safer version.</span></p><p><span style="white-space: pre-wrap;">iBTC is a decentralized, self-wrapped Bitcoin that leverages the security of the Bitcoin network, a decentralized Attestor network, and Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to provide a theft-proof, bridgeless access to cross-chain BTCFi.</span></p><p><span style="white-space: pre-wrap;">iBTC is live on Arbitrum, Base, Ethereum, XRPL, BNB, and AVAX and is integrated with major DeFi applications like Curve, Uniswap, and Beefy</span></p><p><b><strong style="white-space: pre-wrap;">More info: </strong></b><a href="https://docs.dlcbtc.com/dlcbtc-documentation?ref=p2p.org"><u><span class="underline" style="white-space: pre-wrap;">Docs</span></u></a></p><p><b><strong style="white-space: pre-wrap;">Social Media: </strong></b><a href="https://x.com/dlcBTC?ref=p2p.org"><u><span class="underline" style="white-space: pre-wrap;">X Profile</span></u></a></p></div> </div><div class="kg-card kg-toggle-card" data-kg-toggle-state="close"> <div class="kg-toggle-heading"> <h4 class="kg-toggle-heading-text"><span style="white-space: pre-wrap;">Kalypso</span></h4> <button class="kg-toggle-card-icon" aria-label="Expand toggle to read content"> <svg id="Regular" xmlns="http://www.w3.org/2000/svg" viewbox="0 0 24 24"> <path class="cls-1" d="M23.25,7.311,12.53,18.03a.749.749,0,0,1-1.06,0L.75,7.311"/> </svg> </button> </div> <div class="kg-toggle-content"><p><span style="white-space: pre-wrap;">Kalypso's bread and butter is the intersection of ZK technology and AI. Utilizing ZK and TEE co-processors for decentralized AI, Kalypso is focused on securing decentralized prover networks.</span></p><p><span style="white-space: pre-wrap;">Decentralizing proof offers several key benefits, including improved reliability guarantees, resistance to censorship, and overall resource efficiency.</span></p><p><b><strong style="white-space: pre-wrap;">More info:</strong></b> <a href="https://docs.marlin.org/user-guides/kalypso/?ref=p2p.org"><u><span class="underline" style="white-space: pre-wrap;">Docs</span></u></a></p><p><b><strong style="white-space: pre-wrap;">Social Media:</strong></b> <a href="https://x.com/MarlinProtocol?ref=p2p.org"><u><span class="underline" style="white-space: pre-wrap;">X Profile</span></u></a></p></div> </div><div class="kg-card kg-toggle-card" data-kg-toggle-state="close"> <div class="kg-toggle-heading"> <h4 class="kg-toggle-heading-text"><span style="white-space: pre-wrap;">Primev</span></h4> <button class="kg-toggle-card-icon" aria-label="Expand toggle to read content"> <svg id="Regular" xmlns="http://www.w3.org/2000/svg" viewbox="0 0 24 24"> <path class="cls-1" d="M23.25,7.311,12.53,18.03a.749.749,0,0,1-1.06,0L.75,7.311"/> </svg> </button> </div> <div class="kg-toggle-content"><p><span style="white-space: pre-wrap;">MEV actors (searchers, block builders, proposers) face several inefficiencies. These inefficiencies include reliable execution for Searchers, increasing block value for Blockbuilders, and issuing and receiving commitments about the block set to propose for Proposers. The Primev team is focused on unlocking these bottlenecks in the PBS pipeline to provide a more rewarding and efficient experience for all stakeholders involved in MEV.</span></p><p><span style="white-space: pre-wrap;">This is accomplished by Primev’s innovative MEV-commit solution, a credible commitment network for preconfirmations, and much more!</span></p><p><b><strong style="white-space: pre-wrap;">More info: </strong></b><a href="https://docs.primev.xyz/get-started/welcome-to-primev?ref=p2p.org"><u><span class="underline" style="white-space: pre-wrap;">Docs</span></u></a></p><p><b><strong style="white-space: pre-wrap;">Social Media: </strong></b><a href="https://x.com/primev_xyz?ref=p2p.org"><u><span class="underline" style="white-space: pre-wrap;">X Profile</span></u></a></p></div> </div><div class="kg-card kg-toggle-card" data-kg-toggle-state="close"> <div class="kg-toggle-heading"> <h4 class="kg-toggle-heading-text"><span style="white-space: pre-wrap;">Radius</span></h4> <button class="kg-toggle-card-icon" aria-label="Expand toggle to read content"> <svg id="Regular" xmlns="http://www.w3.org/2000/svg" viewbox="0 0 24 24"> <path class="cls-1" d="M23.25,7.311,12.53,18.03a.749.749,0,0,1-1.06,0L.75,7.311"/> </svg> </button> </div> <div class="kg-toggle-content"><p><span style="white-space: pre-wrap;">Turning MEV into revenue!</span></p><p><span style="white-space: pre-wrap;">Radius helps rollups grow profitably by enabling them to capture MEV, turning an untapped resource into revenue. To make this possible, Radius builds two key products: </span></p><ol><li value="1"><span style="white-space: pre-wrap;">Lighthouse is a decentralized network that connects rollups with MEV searchers to identify and capture MEV opportunities. </span></li><li value="2"><span style="white-space: pre-wrap;">Secure Block Building (SBB) is a complementary module built on zero-knowledge algorithms. It protects users from harmful MEVs, such as frontrunning, that could otherwise occur during the MEV capture process.</span></li></ol><p><span style="white-space: pre-wrap;">Together, Lighthouse and SBB ensure rollups can profitably capture MEV while protecting users from economic threats, creating a powerful new revenue stream.</span></p><p><b><strong style="white-space: pre-wrap;">More info:</strong></b> <a href="https://docs.theradius.xyz/?ref=p2p.org"><u><span class="underline" style="white-space: pre-wrap;">Docs</span></u></a></p><p><b><strong style="white-space: pre-wrap;">Social Media:</strong></b> <a href="https://x.com/radius_xyz?ref=p2p.org"><u><span class="underline" style="white-space: pre-wrap;">X Profile</span></u></a></p></div> </div><div class="kg-card kg-toggle-card" data-kg-toggle-state="close"> <div class="kg-toggle-heading"> <h4 class="kg-toggle-heading-text"><span style="white-space: pre-wrap;">RedStone</span></h4> <button class="kg-toggle-card-icon" aria-label="Expand toggle to read content"> <svg id="Regular" xmlns="http://www.w3.org/2000/svg" viewbox="0 0 24 24"> <path class="cls-1" d="M23.25,7.311,12.53,18.03a.749.749,0,0,1-1.06,0L.75,7.311"/> </svg> </button> </div> <div class="kg-toggle-content"><p><span style="white-space: pre-wrap;">As a key player in the LST/LRT oracle provider space, RedStone will utilize Symbiotic for several vital instances to extend restaking capabilities. </span></p><p><span style="white-space: pre-wrap;">RedStone will deliver oracle price feeds to core Symbiotic modules for token denominations in USD while also exploring the RedStone data aggregation network. Furthermore, RedStone will support Networks building on Symbiotic by providing robust data feeds to the ecosystem.</span></p><p><span style="white-space: pre-wrap;">For additional context, RedStone works closely with Mellow Finance to launch LRTs, as they provide Oracle support for the top assets!</span></p><p><b><strong style="white-space: pre-wrap;">More info: </strong></b><a href="https://docs.redstone.finance/docs/Introduction/?ref=p2p.org"><u><span class="underline" style="white-space: pre-wrap;">Docs</span></u></a></p><p><b><strong style="white-space: pre-wrap;">Social Media:</strong></b> <a href="https://x.com/redstone_defi?ref=p2p.org"><u><span class="underline" style="white-space: pre-wrap;">X Profile</span></u></a></p></div> </div><div class="kg-card kg-toggle-card" data-kg-toggle-state="close"> <div class="kg-toggle-heading"> <h4 class="kg-toggle-heading-text"><span style="white-space: pre-wrap;">Router Protocol</span></h4> <button class="kg-toggle-card-icon" aria-label="Expand toggle to read content"> <svg id="Regular" xmlns="http://www.w3.org/2000/svg" viewbox="0 0 24 24"> <path class="cls-1" d="M23.25,7.311,12.53,18.03a.749.749,0,0,1-1.06,0L.75,7.311"/> </svg> </button> </div> <div class="kg-toggle-content"><p><span style="white-space: pre-wrap;">Router is a chain abstraction protocol that empowers developers to build a suite of intent-based products. It seamlessly offers cross-chain asset transfers and messaging in a secure, decentralized, and permissionless environment. </span></p><p><span style="white-space: pre-wrap;">Router is also building infrastructure for PoS chains to borrow security from Ethereum and Bitcoin.</span></p><p><b><strong style="white-space: pre-wrap;">More info: </strong></b><a href="https://docs.routerprotocol.com/?ref=p2p.org"><u><span class="underline" style="white-space: pre-wrap;">Docs</span></u></a></p><p><b><strong style="white-space: pre-wrap;">Social Media: </strong></b><a href="https://x.com/routerprotocol?t=Jab_H522Y2fB6uM60Pn6zA&s=09&ref=p2p.org"><u><span class="underline" style="white-space: pre-wrap;">X Profile</span></u></a></p></div> </div><div class="kg-card kg-toggle-card" data-kg-toggle-state="close"> <div class="kg-toggle-heading"> <h4 class="kg-toggle-heading-text"><span style="white-space: pre-wrap;">Symbiosis</span></h4> <button class="kg-toggle-card-icon" aria-label="Expand toggle to read content"> <svg id="Regular" xmlns="http://www.w3.org/2000/svg" viewbox="0 0 24 24"> <path class="cls-1" d="M23.25,7.311,12.53,18.03a.749.749,0,0,1-1.06,0L.75,7.311"/> </svg> </button> </div> <div class="kg-toggle-content"><p><span style="white-space: pre-wrap;">Symbiosis is a cross-chain AMM DEX that supports 34+ L1 and L2 Networks, both EVM and non-EVM, including TON and Bitcoin.</span></p><p><span style="white-space: pre-wrap;">Symbiosis enables cross-chain liquidity and swaps by combining on-chain smart contracts with an off-chain Relayers Network. The smart contracts handle all swap logic, while the relayers securely transmit data between blockchains, allowing users to trade any token across multiple networks with just one click.</span></p><p><span style="white-space: pre-wrap;">While fully decentralized and non-custodial, Symbiosis offers competitive rates with minimal fees to provide a seamless and secure way to interact across various blockchain ecosystems.</span></p><p><b><strong style="white-space: pre-wrap;">More info:</strong></b> <a href="https://docs.symbiosis.finance/?ref=p2p.org"><u><span class="underline" style="white-space: pre-wrap;">Docs</span></u></a></p><p><b><strong style="white-space: pre-wrap;">Social Media:</strong></b> <a href="https://x.com/symbiosis_fi?ref=p2p.org"><u><span class="underline" style="white-space: pre-wrap;">X Profile</span></u></a></p></div> </div><div class="kg-card kg-toggle-card" data-kg-toggle-state="close"> <div class="kg-toggle-heading"> <h4 class="kg-toggle-heading-text"><span style="white-space: pre-wrap;">Tanssi</span></h4> <button class="kg-toggle-card-icon" aria-label="Expand toggle to read content"> <svg id="Regular" xmlns="http://www.w3.org/2000/svg" viewbox="0 0 24 24"> <path class="cls-1" d="M23.25,7.311,12.53,18.03a.749.749,0,0,1-1.06,0L.75,7.311"/> </svg> </button> </div> <div class="kg-toggle-content"><p><span style="white-space: pre-wrap;">Tanssi equips developers with everything they need to launch Symbiotic networks in minutes, combining Ethereum-backed restaked security with decentralized infrastructure. By simplifying complex processes from validator management to governance customization, Tanssi enables teams to scale faster while maintaining decentralization.</span></p><p><span style="white-space: pre-wrap;">Integrated with essential tools and designed for rapid deployment, Tanssi helps projects focus on innovation instead of infrastructure. </span></p><p><b><strong style="white-space: pre-wrap;">More info:</strong></b> <a href="https://github.com/moondance-labs/tanssi?ref=p2p.org"><u><span class="underline" style="white-space: pre-wrap;">GitHub</span></u></a></p><p><b><strong style="white-space: pre-wrap;">Social Media: </strong></b><a href="https://x.com/TanssiNetwork/?ref=p2p.org"><u><span class="underline" style="white-space: pre-wrap;">X Profile</span></u></a></p></div> </div><h2 id="about-us"><br><br><br>About Us:</h2><p>We are proud to partner with Symbiotic and be its early supporter in bringing innovative restaking solutions to the forefront of the digital asset space.<br><br>As an infrastructure provider, <a href="P2P.org" rel="noreferrer">P2P.org</a> is excited to support all Networks leveraging Symbiotic’s platform by helping to extend economic security.</p><hr><p><strong>Contact Us</strong></p><p>We are always open to communication. Do not hesitate to ask questions in our Telegram chat. For any questions or support, please get in touch with our team at <a rel="noopener">[email protected]</a>.</p><p>We encourage you to check our website and start our staking journey together!</p><ul><li><strong>Web</strong>: <a href="https://p2p.org/?ref=p2p.org" rel="noopener">https://p2p.org</a></li><li><strong>Blog</strong>: <a href="https://p2p.org/economy?ref=p2p.org" rel="noopener">https://p2p.org/economy</a></li><li><strong>Twitter</strong>: <a href="https://twitter.com/p2pvalidator?ref=p2p.org" rel="noopener">@p2pvalidator</a></li><li><strong>Telegram</strong>: <a href="https://t.me/P2Pstaking?ref=p2p.org" rel="noopener">https://t.me/P2Pstaking</a></li></ul>
from p2p validator
<p></p><h2 id="tldr"><strong>TL;DR</strong><br></h2><ul><li><em>We propose a one-time restorative action plan for an early investor whose tokens were uniquely locked at the State Chain FLIP Gateway level due to a mistake made during the staking process. </em></li><li><em>This proposal is a refined and clearer version of the</em><a href="https://discord.com/channels/824147014140952596/1199013596097683606?ref=p2p.org"><em> <u>previously withdrawn proposal</u></em></a><em>, incorporating community feedback and addressing past misunderstandings.</em></li></ul><p>To address this, we recommend reassigning the existing locked tokens within the State Chain FLIP Gateway to the correct accounts, <em>without minting or burning additional tokens</em>. This reallocation will be managed in a way that maintains community trust and includes a reallocation fee to support both community and project development.</p><h2 id="background"><strong>Background</strong></h2><p>During Chainflip’s bootstrapping phase following the FLIP token launch on November 23, 2023, errors in our staking process resulted in tokens being sent to non-existent validator addresses. The complexity of the process, combined with miscommunication and inadequate safeguards, led to this issue. Specifically, the following factors contributed:</p><ul><li>We failed to ensure clear instructions, leading to confusion and mistakes.</li><li>We made assumptions without thoroughly verifying staked amounts after transactions were submitted.</li><li>We mixed up Ethereum key pairs and Chainflip-native key pairs as non-SS58 addresses in smart contract interaction were accepted.</li></ul><p>A detailed chronological breakdown of this incident can be found in the Historical context section.</p><p>We take full responsibility for this mistake. The staking process has since matured significantly and now includes safeguards that make issues such as this highly unlikely to occur again. At the same point in time, we recognize that this specific case still requires resolution.</p><h3 id="how-and-why-did-it-occur"><strong>How and why did it occur?</strong></h3><p>After the FLIP token launch, the Chainflip team shared<a href="https://www.notion.so/Lockup-A-B-Claiming-your-FLIP-e1bd3086eb0e48f293b5017528b3f4b9?pvs=21&ref=p2p.org"> <u>documentation</u></a> outlining multiple staking options. One critical instruction advised users to call the fundStateChainAccount function with the following:</p><p><em>... Node ID as the SS58-decoded representation of the node, or in ‘HEX’ format, which can be retrieved from the node operator.</em></p><p><a href="http://p2p.org/?ref=p2p.org"><u>P2P.org</u></a> provided both the Ethereum and Chainflip-native addresses to stake to its customer. While initial test transactions were conducted correctly, unclear communication from our side led to the wrong address being used.</p><p>As a result, the transaction was made to the correct Ethereum contract, but the payload contained an incorrect address. Consequently, the tokens were locked in non-existent validator addresses, rendering them inaccessible to anyone.</p><h2 id="proposal"><strong>Proposal</strong></h2><p>We propose a one-time recovery option to restore the affected stake for the original token holders, Delphi Ventures and P2P.org Validator. This is our mistake, and we believe it is our responsibility to help resolve it. The recovery process will be implemented at <em>State Chain FLIP Gateway level</em>, ensuring no minting or change in the total supply.</p><h3 id="implementation-steps-fee-structure"><strong>Implementation steps & fee structure</strong></h3><p>To initiate the recovery process, we propose the following steps and fee structure, acknowledging that this service should not be without cost to the protocol or the community:</p><ol><li><strong>Operational cost fee</strong><br>A non-refundable fee of $10,000 USD, payable by the applicant, to support the core team’s operational costs for managing the recovery process.<br></li><li><strong>Community contribution fee</strong><br>A 15% fee on the total FLIP tokens requested for recovery, allocated to the cross chain foundation to cover community governance council costs and to allocate to other development projects. The applicant will pay this amount in advance to the designated foundation address.<br></li><li><strong>Claiming process</strong><br>After both the operational and community contribution fees are paid, the locked tokens will be transferred from the non-existent wallet addresses to the designated account within the State Chain FLIP Gateway.</li></ol><p>This fee structure ensures that the process remains sustainable, discouraging misuse and prioritizing genuine recovery cases, thus protecting the community’s resources and preventing delays due to opportunistic requests.</p><h3 id="implementation-details"><strong>Implementation details</strong></h3><ul><li>This recovery approach does not involve minting or burning any ERC-20 FLIP tokens, ensuring the total supply remains unchanged.</li><li>The process will be managed as an internal reallocation at the State Chain level, restoring access to the tokens without altering overall circulation.</li></ul><h2 id="conclusion"><strong>Conclusion</strong></h2><p>We acknowledge that this mistake was ours, and we are taking action to correct it. This proposal offers a fair resolution for Delphi Ventures and P2P.org Validator, ensuring their rightful access to staked tokens without impacting the total supply.</p><p>This recovery will allow the affected parties to fully participate in the network while reinforcing our commitment to early contributors who supported Chainflip from the beginning. By taking this step, we aim to rebuild trust, strengthen community collaboration, and demonstrate the project’s dedication to fairness and resilience.</p><p>We encourage the community to support this proposal as a positive step forward for the Chainflip ecosystem.</p><hr><h2 id="historical-context-faq"><strong>Historical context & FAQ</strong><br></h2><h3 id="historical-context"><strong>Historical context</strong></h3><p>This historic context will help you to understand the underlying reason of why we are offering this proposal.</p><ul><li>21 November, 2023, 500k FLIP were enabled<a href="https://etherscan.io/address/0x04805263DA365Cc5284FcCE29e1FDF7966454D27?ref=p2p.org#tokentxns"> <u>TokenVestingStaking</u></a> contract for Delphi,</li><li>23 November, 2023, official announcement was made,</li><li><a href="http://p2p.org/?ref=p2p.org"><u>P2P.org</u></a> Validator setup the following validator nodes by sharing their corresponding Ethereum address along with the Validator addresses:<ul><li><strong>CF1</strong><a href="https://scan.chainflip.io/validators/cFKnNkzE5RWjXnWb6M6E7mGMMWWJzU5WefFhgTFUMRjFiLgSd?tab=2&ref=p2p.org"> <u>CF1</u></a> CFE 1.0.2 - 0x6292Bb95D5Cc143A682A2Fe5cFadb18341108211</li><li><strong>CF2</strong><a href="https://scan.chainflip.io/validators/cFLUFB8mrkzotdY2YXymskZZdXjvKUEc7YwGNhRS1kwBZveSC?tab=2&ref=p2p.org"> <u>CF2</u></a> CFE 1.0.2 - 0xD158E92280fe577CD171C4f5a00858e040A99cf6</li><li><strong>CF3</strong><a href="https://scan.chainflip.io/validators/cFK93R1TZuScu5m7YUwUpFCYdSWHS6hP8AxFTkr5ek6Xj5yum?tab=2&ref=p2p.org"> <u>CF3</u></a> CFE 0.0.0 - 0x6aAdE7Fed0B62fBE72e4fB464cd6c2dA87222450</li><li><strong>CF4</strong><a href="https://scan.chainflip.io/validators/cFLdwAkiN1wHD6p9wGxkar6WsuyKZgQa7mgW4TXZcY6U4BZUN?tab=2&ref=p2p.org"> <u>CF4</u></a> CFE 0.0.0 - 0x38D1FAf61bd446F4e8227Ac61154A2a8d9690350</li><li><strong>CF5</strong><a href="https://scan.chainflip.io/validators/cFJvpH4ujyuv9HPR6iMx8BqN9K66eKxaWrwvcWHXjeZrKPBXD?tab=2&ref=p2p.org"> <u>CF5</u></a> CFE 0.0.0 - 0xe2c5d37B71522aeDD69f33e5b675112Ea8aCA030</li></ul></li><li>25 November, 2023 Initial test transaction was successful on CF1 with<a href="https://etherscan.io/tx/0x2d70b3c35855d4e1f1a777a7d6f0af4ac041a89596a60b94015cbfeac44d390f?ref=p2p.org"> <u>100 FLIP</u></a>,</li><li>26 November, 2023, secondary test transaction was successful on CF2 with<a href="https://etherscan.io/tx/0xa62c24712664a6890a8f233c81853c56fbcc99153f871f9e18e056be4a7780c4?ref=p2p.org"> <u>100 FLIP</u></a>,</li><li>29 November, 2023,<ul><li>Three consecutive test transactions with 100 FLIP sent to a non-existent validator address, derived from an Ethereum address instead of a Chainflip-native address with SS58.<ul><li><a href="https://etherscan.io/tx/0xa813f4a0dfd9f6fab297d2de5b103068c71742958262be0fd33d55d204b46ea3?ref=p2p.org"><u>https://etherscan.io/tx/0xa813f4a0dfd9f6fab297d2de5b103068c71742958262be0fd33d55d204b46ea3</u></a></li><li><a href="https://etherscan.io/tx/0xb469e39cf9ebb820c495a1bfdcc6e916bf2945604e7e3ff84afbb8fdbe98819f?ref=p2p.org"><u>https://etherscan.io/tx/0xb469e39cf9ebb820c495a1bfdcc6e916bf2945604e7e3ff84afbb8fdbe98819f</u></a></li><li><a href="https://etherscan.io/tx/0x62915e302a56916ea24eb3e5171e3a6b0a01b5fc94a04508c55afd1e7e7589fb?ref=p2p.org"><u>https://etherscan.io/tx/0x62915e302a56916ea24eb3e5171e3a6b0a01b5fc94a04508c55afd1e7e7589fb</u></a></li></ul></li></ul></li></ul><figure class="kg-card kg-image-card kg-card-hascaption"><img src="https://p2p.org/economy/content/images/2025/04/Screenshot-2025-04-23-at-08.46.12.png" class="kg-image" alt loading="lazy" width="488" height="776"><figcaption><i><em class="italic" style="white-space: pre-wrap;">Historical reconstruction of transactions</em></i></figcaption></figure><ul><ul><li>Five transactions landed with 99.9k FLIP sent to a non-existent validator address, derived from an Ethereum address instead of a Chainflip-native address with SS58.<ul><li><a href="https://etherscan.io/tx/0x480f6d879532613703455b6399122f8cb4797b3fccda8f4fcca00114d65ff3a8?ref=p2p.org"><u>https://etherscan.io/tx/0x480f6d879532613703455b6399122f8cb4797b3fccda8f4fcca00114d65ff3a8</u></a></li><li><a href="https://etherscan.io/tx/0x3e0f1c10c670e9f2e867614f9ace83ed5e6d600ac13ef38f17279c7043e0a5a0?ref=p2p.org"><u>https://etherscan.io/tx/0x3e0f1c10c670e9f2e867614f9ace83ed5e6d600ac13ef38f17279c7043e0a5a0</u></a></li><li><a href="https://etherscan.io/tx/0xe497bb9cdb8ead5bc0083e02162bd2b998108f17f2a0e5e6061e91a3389ce908?ref=p2p.org"><u>https://etherscan.io/tx/0xe497bb9cdb8ead5bc0083e02162bd2b998108f17f2a0e5e6061e91a3389ce908</u></a></li><li><a href="https://etherscan.io/tx/0xe497bb9cdb8ead5bc0083e02162bd2b998108f17f2a0e5e6061e91a3389ce908?ref=p2p.org"><u>https://etherscan.io/tx/0xe497bb9cdb8ead5bc0083e02162bd2b998108f17f2a0e5e6061e91a3389ce908</u></a></li><li><a href="https://etherscan.io/tx/0x9f14dc41e3ce445355715a522c9497c4f250d73bc950868c2deeff650e43ba11?ref=p2p.org"><u>https://etherscan.io/tx/0x9f14dc41e3ce445355715a522c9497c4f250d73bc950868c2deeff650e43ba11</u></a></li></ul></li></ul></ul> <!--kg-card-begin: html--> <style> .simple-table td, .simple-table th { word-break: break-word; white-space: normal; font-family: monospace; font-size: 14px; vertical-align: top; padding: 8px; } .simple-table { table-layout: fixed; width: 100%; border-collapse: collapse; } .simple-table th { background-color: #f7f7f7; font-weight: bold; } .simple-table td a { word-break: break-all; color: #0077cc; text-decoration: none; } .simple-table td a:hover { text-decoration: underline; } .simple-table td, .simple-table th { border: 1px solid #ccc; } </style> <table id="1b9f8e6f-8ab5-8174-8eba-c8bbd9c717be" class="simple-table"> <thead class="simple-table-header"> <tr id="1b9f8e6f-8ab5-8154-8591-f146036de9a5"> <th style="width:138px">Validator ShortCode</th> <th style="width:138px">✅ Validator URL</th> <th style="width:138px">✅ Ethereum Address</th> <th style="width:138px">❌ SS58 Address Derived from Ethereum Address</th> <th style="width:138px">SS58 Address ShortCode</th> </tr> </thead> <tbody> <tr> <td>CF1</td> <td><a href="https://scan.chainflip.io/validators/cFKnNkzE5RWjXnWb6M6E7mGMMWWJzU5WefFhgTFUMRjFiLgSd?tab=2&ref=p2p.org">cFKnNkzE5RWjXnWb6M6E7mGMMWWJzU5WefFhgTFUMRjFiLgSd</a></td> <td>0x6292Bb95D5Cc143A682A2Fe5cFadb18341108211</td> <td><a href="https://scan.chainflip.io/validators/cFL6j7LeTxujarq6eNqbfokSdUbxQS621iWxfoQbqjfUe6XL2?tab=2&ref=p2p.org">cFL6j7LeTxujarq6eNqbfokSdUbxQS621iWxfoQbqjfUe6XL2</a></td> <td>U2</td> </tr> <tr> <td>CF2</td> <td><a href="https://scan.chainflip.io/validators/cFLUFB8mrkzotdY2YXymskZZdXjvKUEc7YwGNhRS1kwBZveSC?tab=2&ref=p2p.org">cFLUFB8mrkzotdY2YXymskZZdXjvKUEc7YwGNhRS1kwBZveSC</a></td> <td>0xD158E92280fe577CD171C4f5a00858e040A99cf6</td> <td><a href="https://scan.chainflip.io/validators/cFNbyFNRTUdKKmiLPmneuTc5jLN5StAwGS29TppNFgcKVD35E?tab=2&ref=p2p.org">cFNbyFNRTUdKKmiLPmneuTc5jLN5StAwGS29TppNFgcKVD35E</a></td> <td>U1</td> </tr> <tr> <td>CF3</td> <td><a href="https://scan.chainflip.io/validators/cFK93R1TZuScu5m7YUwUpFCYdSWHS6hP8AxFTkr5ek6Xj5yum?tab=2&ref=p2p.org">cFK93R1TZuScu5m7YUwUpFCYdSWHS6hP8AxFTkr5ek6Xj5yum</a></td> <td>0x6aAdE7Fed0B62fBE72e4fB464cd6c2dA87222450</td> <td><a href="https://scan.chainflip.io/validators/cFLHMZkEJMxxzm5NX7k4ZURxPNfjKds6fSBrM5F3881ibhWfn?tab=2&ref=p2p.org">cFLHMZkEJMxxzm5NX7k4ZURxPNfjKds6fSBrM5F3881ibhWfn</a></td> <td>U4</td> </tr> <tr> <td>CF4</td> <td><a href="https://scan.chainflip.io/validators/cFLdwAkiN1wHD6p9wGxkar6WsuyKZgQa7mgW4TXZcY6U4BZUN?tab=2&ref=p2p.org">cFLdwAkiN1wHD6p9wGxkar6WsuyKZgQa7mgW4TXZcY6U4BZUN</a></td> <td>0x38D1FAf61bd446F4e8227Ac61154A2a8d9690350</td> <td><a href="https://scan.chainflip.io/validators/cFK9ytRTfWajasd6n6sXhdk8A7hvxEKSMFbnWzizZujMh7o3n?tab=2&ref=p2p.org">cFK9ytRTfWajasd6n6sXhdk8A7hvxEKSMFbnWzizZujMh7o3n</a></td> <td>U5</td> </tr> <tr> <td>CF5</td> <td><a href="https://scan.chainflip.io/validators/cFJvpH4ujyuv9HPR6iMx8BqN9K66eKxaWrwvcWHXjeZrKPBXD?tab=2&ref=p2p.org">cFJvpH4ujyuv9HPR6iMx8BqN9K66eKxaWrwvcWHXjeZrKPBXD</a></td> <td>0xe2c5d37B71522aeDD69f33e5b675112Ea8aCA030</td> <td><a href="https://scan.chainflip.io/validators/cFNzpR9rWfsMVgC3izapBE1rY2BXfFMcqTF2SSeLwJhV1p5RF?tab=2&ref=p2p.org">cFNzpR9rWfsMVgC3izapBE1rY2BXfFMcqTF2SSeLwJhV1p5RF</a></td> <td>U3</td> </tr> </tbody> </table> <!--kg-card-end: html-->
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