A personal note from CEO Sam Harrison

A personal note from CEO Sam Harrison:

As far back as the summer of 2022, EVM Staking has been discussed within the Core Developer Group of Findora. Since its inception as a proof-of-stake chain, staking had been performed on the UTXO layer of the project. While the “account-less” paradigm of the UTXO layer gave Findora advantages for running zero-knowledge proofs and added opportunities for confidentiality and privacy, as a “computational layer,” UTXO left much to be desired. 


The EVM layer was added to increase interoperability, to add additional smart contract functionality and to allow the wider developer community to use existing EVM toolsets to help them build their dApps and other projects. During this time - staking remained on the UTXO, and the only way to stake was through the native Findora wallet.


We needed to shift the security of the chain to the EVM layer and simplify the staking process for the Findora community. This change came with two added benefits. First, moving staking to the EVM makes third-party integrations for staking services easier. Second, EVM staking allows us to integrate directly into compatible wallets, thereby reducing the friction of staking. Less friction should lead to more tokens being staked which will both add security to the network as well as attract more delegators to the ecosystem of validators. 


 However, such a fundamental transition is not a simple feat.


In the process of that transition, and over the past two months, the Findora community has been saddled with a degraded wallet and staking experience. The code to shift staking to the EVM layer ended up impacting several of the connections between the staking service and wallets. 


Everyone here at Discreet Labs (myself included) had high hopes that solutions to the initial bugs were straightforward and could be implemented in a timely manner. This was not the case. Fortunately, we have corrected these issues and are very excited to roll out EVM staking. Most of the issues and resolutions you can find in our postmortem.


Failure, they say, is the best teacher. We know that our quality assurance process in the past has not been adequate and that interdepartmental communication between our globally distributed teams needs to be improved.  Remedies for these shortcomings have been implemented, and we plan to include third-party QA testing in future rollouts.


I want to thank our community for their support and passion, including those who voiced their concerns in our social media channels on the matter. My thanks especially goes out to Patrick from EasyNode for releasing several critical updates to the validator toolbox for the community. You are a rock star.


Finally, I want to reiterate that this was a hugely complicated task, and while we did encounter many issues, I want to thank the engineers and developers in the Core Developer Group for bringing us across the finish line. Thank you, very much, for getting it done. We are now moving forward with a tight focus on the work ahead. 


The first priority is ecosystem engagement. I am happy to announce the creation of an Ecosystem Advisory Group. At my invitation, several leaders of projects running on Findora have agreed to meet with me on a regular basis. The structure and size of this group remains undefined, but the goal is to hear from these leaders regularly, to get their feedback on upcoming technical advancements and to provide a direct channel for infrastructure requests.   


The Ecosystem Advisory Group will also, hopefully, serve as a funnel for quality projects to be introduced to our business development team. This team has not been idle, and now that the EVM Staking bugs have been resolved, I anticipate several announcements in the coming weeks. 


I will miss those who parted ways with us. I respect them and their choices. However, I do believe that they are making a mistake. The future of this project is very bright. The coming weeks will see the curtain pulled back on some initiatives that we have been working on and they will change FRA for the better. 


With Sincerity,

Sam




About Findora

Findora is a Layer-1 protocol delivering zero-knowledge solutions to Web3.


Findora integrates two ledgers into a single chain: an EVM ledger for interoperability and a UXTO ledger optimized for zk operations. This dual-layer architecture lets Findora encrypt blockchain data for programmable transparency and public use. By providing new use cases, Findora’s zk tech prepares Web3 for real-world adoption.


We appreciate our developers and would love to onboard you to the Findora ecosystem. Please reach out, and join our social channels for more.


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