Gasless Ethereum L2 with native yield & composable privacy • acquired by @lineabuild
ethereum
Joined October 2024
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STATUS NETWORK VAULTS // FINAL UPDATE
✅ all pre-deposit vaults are now open for withdrawals: ETH, GUSD, LINEA and SNT
✅ you've already received all rewards and accrued yield
REMINDER:
⬇️ withdraw your tokens from all vaults now: hub.status.network/pre-depos…
GUSD pre-depositors:
⭐️ your yield has been airdropped as USDC on Linea!
actual USDC yield came in ~12% above the checker estimate (hub.status.network/checker)
Status Network retweeted
The privacy movement grows stronger when infrastructure builders and communities collaborate.
Our partnership with @ethstatus / @StatusL2 has helped bring conversations about secure communication, self-sovereignty and censorship resistance to thousands of people across the Ethereum ecosystem.
Together we:
• Partnered on Ethereum Cypherpunk Congress 2
• Status co-founder Jarrad Hope (@jarradhope_) featured in Privacy Academy Interviews and his personal stack published
From Privacy Tools to Parallel Societies: The Neo-Cypherpunk Strategy (youtu.be/TSJmeNbbfyA)
• Cyp (@0xcyp ) participated in "Programmable cryptography meets decentralization" talk and Ethereum Privacy Ecosystem mapping at Ethereum Cypherpunk Congress 2
Programmable cryptography meets decentralisation ( youtube.com/watch?v=ww2Inbge…)
Ethereum Privacy Ecosystem Mapping (youtu.be/WA2PqMIO0-U)
• Status's designer Alisher (@alisher ) featured in Privacy Academy, sharing how privacy, design, and decentralization can finally work together
Why Crypto UX Is Broken and How We Can Fix It (youtu.be/W2vL1-1beto)
• Status' Protocol Research Engineer @serg_tikhomirov participated at Cypherpunk Retreat,the hands-on gathering that brought together leading builders and front-line organizers in digital privacy
• Talks at both Ethereum Cypherpunk Congress 1 and 2
• Helped connect privacy builders, wallet developers and communication researchers
• Continued strengthening the cypherpunk values that inspired Ethereum in the first place
Events like Congress exist because organizations like Status continue investing in an open, private internet.
Thank you for helping build it together.
Status Network retweeted
it doesn't take millions to operate a chain in 2026
in fact you can currently offer a pretty high quality L2 for less than $500k in infra per year:
sequencing+proving/RaaS: $200k
RPC: $50k
oracles (price feeds + VRF): $70k
block explorer: $20k
indexer: $15k
multisig: $25k
smart contract tooling: $30k
security monitoring: $75k
L1 costs: like $5k? lol
total: $490k per year
a few things to clarify:
> at this rate you're not getting Etherscan, Chainlink or Dune (add about $1m per year to include them all)
> to add a custodian (like Fireblock), that's another $100k recurring
> some providers might require one-time integration fees
> if you're not running a plain vanilla L2 (Linea stack, OP stack, etc.), you'll need to add audit costs for any small change you make (and this can go anywhere from $20k to $500k per audit)
of course this doesn't include team, liquidity incentives or marketing, which is actually what costs millions 🙃
Status Network retweeted
The next challenge is enabling institutions to settle assets and cash across chains without exposing sensitive data or creating new settlement risk.
Linea and @bermudabayzk show that private, atomic and verifiable settlement is possible.
Blog post ↓
linea.build/blog/atomic-dvp-…
Status Network retweeted
Protocol Guild is excited to announce that all members will receive complimentary @Keycard_ Shell hardware wallets
The tools they rely on should reflect the same values they bring to their work: open source, self-custodial, and uncompromising on security
Status Network retweeted
1,196 addresses deposited a total of $12.1M and received ~14% APY in rewards and accrued yield on average
the stablecoin vault ended up delivering >26% average APY 🫡
there's still $3.3M sitting in the vaults —> this is your sign to withdraw now if you haven't already
STATUS NETWORK VAULTS // FINAL UPDATE
✅ all pre-deposit vaults are now open for withdrawals: ETH, GUSD, LINEA and SNT
✅ you've already received all rewards and accrued yield
REMINDER:
⬇️ withdraw your tokens from all vaults now: hub.status.network/pre-depos…
GUSD pre-depositors:
⭐️ your yield has been airdropped as USDC on Linea!
actual USDC yield came in ~12% above the checker estimate (hub.status.network/checker)
✅ AIRDROP DONE: CHECK YOUR WALLETS
- LINEA and SNT rewards have been distributed
- accrued ETH yield was also airdropped
- accrued GUSD yield to be airdropped early next week
⭐️ WITHDRAW YOUR ETH & SNT DEPOSITS ⭐️
ETH and SNT vaults are now open for withdrawals
as part of Status Network merge with Linea, funds will be bridged to Linea Mainnet once you unlock them. it takes about 20 min, then you will be able to withdraw on Linea
withdraw here: hub.status.network/pre-depos…
LINEA and GUSD vaults will open early next week
LINEA vault is now open as well:
xitter.cf/StatusL2/status/205927…
⭐️ LINEA withdrawals are LIVE ⭐️
get your LINEA tokens out of the vaults in 1 click:
hub.status.network/pre-depos…
GUSD vault now open:
xitter.cf/StatusL2/status/206037…
🔵 GUSD vault open for withdrawals 🔵
you can now withdraw your GUSD deposits in USDC or USDT on Linea Mainnet by going directly to the GUSD app:
>> app.generic.money
GUSD yield will be airdropped in USDC on Linea Mainnet next week
🔵 GUSD vault open for withdrawals 🔵
you can now withdraw your GUSD deposits in USDC or USDT on Linea Mainnet by going directly to the GUSD app:
>> app.generic.money
GUSD yield will be airdropped in USDC on Linea Mainnet next week
update on the GUSD vaults and airdrop:
the Generic Protocol team is currently working on something behind the scenes, we hope to be able to share more before the end of the week
they will then proceed to open the GUSD vault
in any case funds are safu & ready to be distributed
Status Network retweeted
⭐️ LINEA withdrawals are LIVE ⭐️
get your LINEA tokens out of the vaults in 1 click:
hub.status.network/pre-depos…
⭐️ LINEA withdrawals are LIVE ⭐️
get your LINEA tokens out of the vaults in 1 click:
hub.status.network/pre-depos…
Status Network retweeted
The Status Network airdrop confirms that the era of airdrops is still alive.
The project also had 2 testnets, and these testnets were used as multipliers for those who deposited funds into the pre-deposit vault. This is a very interesting mechanic.
It’s important to understand that simply participating in a testnet to get an airdrop is now almost impossible!
@StatusL2 team, @0xcyp - please share your future plans!
Will there be more reward campaigns or anything else?
✅ AIRDROP DONE: CHECK YOUR WALLETS
- LINEA and SNT rewards have been distributed
- accrued ETH yield was also airdropped
- accrued GUSD yield to be airdropped early next week
⭐️ WITHDRAW YOUR ETH & SNT DEPOSITS ⭐️
ETH and SNT vaults are now open for withdrawals
as part of Status Network merge with Linea, funds will be bridged to Linea Mainnet once you unlock them. it takes about 20 min, then you will be able to withdraw on Linea
withdraw here: hub.status.network/pre-depos…
LINEA and GUSD vaults will open early next week
Status Network retweeted
Privacy Tokens - Review of the Biggest Projects
@Zcash - $8.78B FDV
@monero - $7.09B FDV
@CantonNetwork - $5.91B FDV
@MidnightNtwrk - $763M FDV
@zano_project - $164M FDV
@zerobasezk - $162M FDV
@StatusL2 - $67.7M
RT @0xcyp: some stats from the vault campaign:
> total TVL: ~$12.5M
> airdropped rewards and yield: ~$320k
> average APR: ~12%
> boosted A…
This quoted post is unavailable.
Status Network retweeted
Reminder for LPs in the @StatusL2 pre-deposit campaign.
Withdrawals open in two waves
• May 20: SNT and ETH vaults
• May 26: LINEA and GUSD vaults
Estimated rewards: 30-45% APR (SNT + LINEA).
Check your rewards: hub.status.network/checker