We built Set Protocol, an open-source protocol for launching market-leading, innovative DeFi structured products.
San Francisco, CA
Joined October 2017
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🚨 SECURITY ALERT🚨 We want to urgently inform the community that our account was recently compromised. During this breach, unauthorized tweets were posted, promoting a token launch and airdrop event.
We are NOT launching any token or conducting an airdrop.
Set Labs ⚖️ retweeted
If you're attending @zeroknowledgefm ZK10 tomorrow, I'll be giving a talk / workshop on writing circuits in halo2 vs circom vs @NoirLang -- heavily inspired by Aayush's insights here!
My breakdown of the different popular zk proving stacks, and why we chose the ones we did. Published post is at blog.aayushg.com/posts/zk -- hopefully it helps fledgling projects orient themselves quickly in the space, and help make the right choices for their usecases!
Set Labs ⚖️ retweeted
Had a great time building the first RSA signature verification library on @NoirLang 🇫🇷
This primitive enables ZK proofs of one of the most widely used signature schemes in web2!
6/6. Fore more information, please read our original deprecation announcement: medium.com/set-protocol/anno…
5/6. We acknowledge and appreciate the understanding and adaptability of our community throughout this transition towards decentralizing Set Protocol.
A special thank you to all who have supported Set, as your contributions have been vital to its growth and development!
4/6. Please be advised that while our Discord channel and social media platforms will remain accessible, active moderation and customer support will no longer be offered.
Thus, we urge you to be careful with any users trying to impersonate Set Labs team members.
3/6. We'd like to emphasize that existing Sets will function as usual, as the protocol will continue to operate autonomously.
Users can redeem Sets via the new TokenSets deployment; and creating and rebalancing Sets is still possible using Etherscan: medium.com/set-protocol/toke…
2/6. As a reminder, the main actions taken were:
-The owner rights from Set Labs' Multisig were transferred to a 0 address, effectively relinquinshing its control over Set Protocol V2
-Deployment of a issue and redeem only version of the TokenSets UI to IPFS
1/6. 📰 Set Protocol V2 and TokenSets Updates:
As of today, the measures announced on April 28th, 2023 regarding the deprecation of Set Protocol V2 and the existing version of TokenSets, have been successfully enacted.
Please read below for more details 👇
2/2. We are committed to helping you recover any remaining funds, and appreciate your patience and support.
If you encounter any issues with the recovery process, please reach out to [email protected] so that we may assist you.
1/2.🚨 Action Required! 🚨
Affected USDAPY and WBTCAPY Set holders can now execute the final Post Rescue Steps to recover any remaining funds from these Sets.
Please refer to the following blog post for detailed instructions: medium.com/set-protocol/acti…
🚨 Important Reminder 🚨
Holders of the USDAPY and WBTCAPY Sets have until May 31st to take the necessary actions to recover any remaining funds from these Sets.
Follow the tweet below for instructions. For support or questions, please reach out to [email protected].
5/5. We apologize for any inconvenience this may have caused, and appreciate your patience and support. Our team is available through our official channels and we're here to help during this process.
Stay updated on further developments and thank you for your continued trust.
4/5. For detailed steps on the actions that holders must follow to transfer the Sets to the Recovery Contract and eventually withdraw their assets, please read the following post: medium.com/set-protocol/acti…
3/5. Rescue Solution Summary
We've deployed a Recovery Contract to rescue the Sets & a SetTokenCreator to re-enable, redeem, and finally disable them. After transferring their Sets to the Recovery Contract, users will be able to claim their share of recovered collateral.
2/5. Background Info
Last month, we informed that these two Sets were attacked due to a Set wallet being compromised, and that actions would be taken to support holders in redeeming any remaining funds.
For more on the attack, please refer to this post: medium.com/set-protocol/addr…
1/5. ⚠️Action Required:
Attention USDAPY and WBTCAPY holders, below we provide information on next steps to recover any remaining funds from the exploited Sets.
Please act promptly, as the deadline for taking necessary action is May 31st, 2023. 🚨
6/6. We understand that these changes may cause disruption, and we're committed to supporting our users during this transition. For questions or assistance, please reach out to us on Twitter or Discord.
Read the full blog post for more details: medium.com/set-protocol/anno…