#switchboard
switchboard
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Switchboard shuts down: Solana oracle migration window shrinks to 6 daysOracles can be shut down too. Switchboard isn’t an upgrade—it’s a closure.
Official @SwitchboardFDN 9/19 confirmation: the core development team, Switchboard Technology Labs Inc., has decided to cease operations; the existing implementation will be deprecated effective immediately, with remaining support only until 9/25. Integrators please migrate to Pyth or RedStone right away.
The three reasons I gave are pretty straightforward:
1️⃣ AI has brought down the cost of self-built oracles, weakening third-party pricing power
2️⃣ In a bear market, new-chain budgets get squeezed, making room for new-customer growth thinner
3️⃣ The top players are starting to connect directly to data sources—announcements even name a Hyperliquid×S&P-style setup that bypasses the middle layer
Switchboard shuts down: Solana oracle migration window shrinks to 6 days
Oracles can be shut down too. Switchboard isn’t an upgrade—it’s a closure.
Official @SwitchboardFDN 9/19 confirmation: the core development team, Switchboard Technology Labs Inc., has decided to cease operations; the existing implementation will be deprecated effective immediately, with remaining support only until 9/25. Integrators please migrate to Pyth or RedStone right away.
The three reasons I gave are pretty straightforward:
1️⃣ AI has brought down the cost of self-built oracles, weakening third-party pricing power
2️⃣ In a bear market, new-chain budgets get squeezed, making room for new-customer growth thinner
3️⃣ The top players are starting to connect directly to data sources—announcements even name a Hyperliquid×S&P-style setup that bypasses the middle layer
Official @SwitchboardFDN 9/19 confirmation: the core development team, Switchboard Technology Labs Inc., has decided to cease operations; the existing implementation will be deprecated effective immediately, with remaining support only until 9/25. Integrators please migrate to Pyth or RedStone right away.
The three reasons I gave are pretty straightforward:
1️⃣ AI has brought down the cost of self-built oracles, weakening third-party pricing power
2️⃣ In a bear market, new-chain budgets get squeezed, making room for new-customer growth thinner
3️⃣ The top players are starting to connect directly to data sources—announcements even name a Hyperliquid×S&P-style setup that bypasses the middle layer
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Prophecy machine Switchboard announces closure: once raised $7.5 million, with all services set to be fully shut down on September 25. #Switchboard #预言机 #Crypto
Prophecy machine Switchboard announces closure: once raised $7.5 million, with all services set to be fully shut down on September 25. #Switchboard #预言机 #Crypto
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🛑 FULL SAIL SHUTS DOWN OPERATIONS AFTER A SECURITY FAILURE IN THE SWITCHBOARD ORACLE 📉
The DeFi protocol on Sui, Full Sail, announced the gradual closure of its operations following a security incident in the Switchboard oracle, Odaily reported 🚨.
The failure resulted in $455,000 in losses and the improper liquidation of 45 users in the associated Virtue Money protocol 📊.
In the absence of explanations from Switchboard and with Mysten Labs refusing financial support, Full Sail will distribute its remaining liquidity to affected users and the team will cover the remaining shortfall to compensate depositors 🛡️.
#DeFi #Sui #Switchboard #Ciberseguridad #Criptomonedas
$BTC
{spot}(BTCUSDT)
$ETH
{spot}(ETHUSDT)
$SOL
{spot}(SOLUSDT)
🛑 FULL SAIL SHUTS DOWN OPERATIONS AFTER A SECURITY FAILURE IN THE SWITCHBOARD ORACLE 📉
The DeFi protocol on Sui, Full Sail, announced the gradual closure of its operations following a security incident in the Switchboard oracle, Odaily reported 🚨.
The failure resulted in $455,000 in losses and the improper liquidation of 45 users in the associated Virtue Money protocol 📊.
In the absence of explanations from Switchboard and with Mysten Labs refusing financial support, Full Sail will distribute its remaining liquidity to affected users and the team will cover the remaining shortfall to compensate depositors 🛡️.
#DeFi #Sui #Switchboard #Ciberseguridad #Criptomonedas
$BTC
$ETH
$SOL
The DeFi protocol on Sui, Full Sail, announced the gradual closure of its operations following a security incident in the Switchboard oracle, Odaily reported 🚨.
The failure resulted in $455,000 in losses and the improper liquidation of 45 users in the associated Virtue Money protocol 📊.
In the absence of explanations from Switchboard and with Mysten Labs refusing financial support, Full Sail will distribute its remaining liquidity to affected users and the team will cover the remaining shortfall to compensate depositors 🛡️.
#DeFi #Sui #Switchboard #Ciberseguridad #Criptomonedas
$BTC
$ETH
$SOL
176
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Recently started trying to chat about new daily alpha coins, but I won't go into too much detail. If I see some good specific data, I will directly post the link, and I will supplement the follow-up without a link.
———
$AVNT @avantisfi
TGE circulation 18.5% (including alpha, there may be an additional 2%), of which 3.25% of the airdrop goes to users who stake for 18 hours (each person boosts 35%)
The fundamentals are derivatives protocol, raised 120 million in financing, led by Pantera and Founders Fund, with investment from Coinbase's ecosystem fund as well.
The founder is Indian, but has previously worked as an investor at Pantera, which is relatively reliable.
Strategy: Look at the opening price, if it's too high, consider shorting, if moderate, consider buying some spot after the selling pressure is over, after all, Pantera is the lead.
https://x.com/EleveResearch/status/1965274152715395098
———
$SWTCH @switchboardxyz
Estimated TGE circulation 20%+, of which 10% is an airdrop, the remaining is for ecosystem growth and protocol incentives (release ratio not clearly stated).
Selling pressure is around 12% (including the chips for alpha), but it shouldn't be that large, some tricks will be mixed in.
The fundamentals are a multi-chain oracle, a project from the last cycle. Raised 110 million in financing (in 2021 and 2024), with very diverse investors. The advantage is that it has already completed cooperation and integration with many mainstream public chains.
Strategy: The fundamentals are decent, plus the oracle. However, the opening selling pressure is quite large, consider buying the dip after alpha drops, do not short.
———
Summary: Both new coins are biased towards bullish in the short term, try to wait until the selling pressure is digested before buying.
In conclusion, these are all my personal views, DYOR haha
#Alpha新币分析 #Avantis #Switchboard
Recently started trying to chat about new daily alpha coins, but I won't go into too much detail. If I see some good specific data, I will directly post the link, and I will supplement the follow-up without a link.
———
$AVNT @avantisfi
TGE circulation 18.5% (including alpha, there may be an additional 2%), of which 3.25% of the airdrop goes to users who stake for 18 hours (each person boosts 35%)
The fundamentals are derivatives protocol, raised 120 million in financing, led by Pantera and Founders Fund, with investment from Coinbase's ecosystem fund as well.
The founder is Indian, but has previously worked as an investor at Pantera, which is relatively reliable.
Strategy: Look at the opening price, if it's too high, consider shorting, if moderate, consider buying some spot after the selling pressure is over, after all, Pantera is the lead.
https://x.com/EleveResearch/status/1965274152715395098
———
$SWTCH @switchboardxyz
Estimated TGE circulation 20%+, of which 10% is an airdrop, the remaining is for ecosystem growth and protocol incentives (release ratio not clearly stated).
Selling pressure is around 12% (including the chips for alpha), but it shouldn't be that large, some tricks will be mixed in.
The fundamentals are a multi-chain oracle, a project from the last cycle. Raised 110 million in financing (in 2021 and 2024), with very diverse investors. The advantage is that it has already completed cooperation and integration with many mainstream public chains.
Strategy: The fundamentals are decent, plus the oracle. However, the opening selling pressure is quite large, consider buying the dip after alpha drops, do not short.
———
Summary: Both new coins are biased towards bullish in the short term, try to wait until the selling pressure is digested before buying.
In conclusion, these are all my personal views, DYOR haha
#Alpha新币分析 #Avantis #Switchboard
———
$AVNT @avantisfi
TGE circulation 18.5% (including alpha, there may be an additional 2%), of which 3.25% of the airdrop goes to users who stake for 18 hours (each person boosts 35%)
The fundamentals are derivatives protocol, raised 120 million in financing, led by Pantera and Founders Fund, with investment from Coinbase's ecosystem fund as well.
The founder is Indian, but has previously worked as an investor at Pantera, which is relatively reliable.
Strategy: Look at the opening price, if it's too high, consider shorting, if moderate, consider buying some spot after the selling pressure is over, after all, Pantera is the lead.
https://x.com/EleveResearch/status/1965274152715395098
———
$SWTCH @switchboardxyz
Estimated TGE circulation 20%+, of which 10% is an airdrop, the remaining is for ecosystem growth and protocol incentives (release ratio not clearly stated).
Selling pressure is around 12% (including the chips for alpha), but it shouldn't be that large, some tricks will be mixed in.
The fundamentals are a multi-chain oracle, a project from the last cycle. Raised 110 million in financing (in 2021 and 2024), with very diverse investors. The advantage is that it has already completed cooperation and integration with many mainstream public chains.
Strategy: The fundamentals are decent, plus the oracle. However, the opening selling pressure is quite large, consider buying the dip after alpha drops, do not short.
———
Summary: Both new coins are biased towards bullish in the short term, try to wait until the selling pressure is digested before buying.
In conclusion, these are all my personal views, DYOR haha
#Alpha新币分析 #Avantis #Switchboard
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