May was good to us
Seeker launch was a success.
Seeker launch was a success. It attracted over 70 reviews with an average rating of 4.2. Users created 18 new shielded pools that attracted over $15,000 in value in May. The most popular pools are USDC, followed by SOL, META and SKR. The launch got us a spot in the upcoming exclusive Seeker Summer event, which starts in July.
We shipped one-of-a-kind private yield. It takes $0.10 and one Solana block to spin up and gives you 8% APY on private dollars. Right now, it's the fastest, the cheapest, and the most financially responsible product for those who value privacy.
Within this newsletter, we'll go over those updates in more depth. We'll finish up with a note on our treasury, funds and runway. From now on, weekly videos will cover day-to-day things, while this newsletter will give you a clearer picture of the macro dynamics.
Seeker goes loyal
Our Seeker app has shielded balances, swaps, sends and the same approval flow our users loved in our extension and web app. We layered push notifications, OTA updates for quick fixes and token due diligence pages to push that experience further. After the initial feedback, we also included raw instruction preview to make experience clearer for the users.
In a month since app launch, we've got 70 reviews with an average rating of 4.2. Most users are coming from the States, Japan follows after. Seeker users created 18 new shielded pools and brought $15,000 in value into them. The most popular pools are in the yield-bearing stablecoin pools, followed by SOL, META and SKR pools.
This traction and retention is the reason we prioritized Seeker. The launch was a success and landed us a spot in the upcoming Seeker Summer event in July. We'll be featured through Solana Mobile surfaces very soon. We'll leverage it to grow our metrics further.
One Account, Every Surface
The web app went live in May, and it is the surface we have been moving toward all year. Open it, connect a wallet, and you land on the same shielded balance and yield logic that runs on mobile and desktop, in a browser, with nothing to install. That matters for the people who do not want another app on their phone or their dock.
What it ships with is the part worth pausing on. USDC shielding is wired straight to yield, so the moment your dollars are private they are also earning, up to 8% APY through the Kamino integration we have been refining for months. No second click, no separate vault. The point we have been making all year is now the way the app behaves by default.
The desktop app got rebuilt at the same time, from a sidebar to three panels. The old layout pinned tokens to one side and put the input in the middle. It worked, but it does not scale to what the app has to do now, which is hold a wallet, a multisig vault, and the wallets of any agents you have connected in one view. Three panels give us that, and the room to grow as automations take more of the screen. The new
landing went up to match, brighter and built around the product instead of slogans.
A note on the treasury, OTC and runway
There's ~20K USDC in the treasury. We have ~100K USDC in operating wallets. We have 200K in hard commitments and more in soft commitments for the OTC deal in July. We have 400K in liquidity, we don't need as much after the buyback restructuring in January.
Our next step here is to raise a proposal that covers the OTC deal, liquidity rebalancing, migration to the new incentive program and other important updates. We work closely with gentlemen from
to make sure you're well informed before the proposal goes live. Expect to hear more on that in mid-late June.
What's next
Our first agentic use case goes live -- that's our Earn feature. We can push 9-11% yield on stablecoins without significant increases in your risk profile or having you give up custody of your finances.
After we're done with Earn on web app, we're giving you public dashboards to make it easy for you to see our numbers go up. We expect at least $300K in TVL by July.
If the engineering side scales the way we want it to, it'll make a lot of money to a lot of people. We hope you'll be among those people.
See you in the next one!
Stay loyal, Rodion
Stay Loyal.
Website —
Docs —
Buy
on Jupiter —
https://jup.ag/tokens/LYLikzBQtpa9ZgVrJsqYGQpR3cC1WMJrBHaXGrQmeta
Telegram Agent —
Telegram Community —
Discord —
https://discord.com/invite/tAwXsXwTv6
X (Twitter) —
GitHub —
