Glitch Finance begins its Von Hayek Phase III launch!

Developers and users can now interact with key upgrades live on the GLITCH tesnet and mainnet surrounding a new explorer, browser-extension wallet, verifying network validators, and creating a simple smart contract using Remix IDE.

What's next? Try out the new functionalities and get a feel for things. The roadmap breakdown was recently updated, and development continues with no signs of slowing down. With your continued support, we're all in for an amazing journey. #LetsKeepBuilding #DeFi together. 🚀🛠

Read More: https://medium.com/glitchfinance/glitch-finance-begins-its-phase-iii-launch-21-validator-support-simple-smart-contracts-explorer-545e8451a388

View Phase III roadmap breakdown: https://glitch.finance/developer/roadmap-breakdown/

Twitter: https://twitter.com/GlitchProtocol/status/1533867691382935552

Hello Glitchers,

Meet Zoe Y., our HR Consultant. Let's give her a warm welcome!

Read More: https://medium.com/glitchfinance/meet-the-core-team-hr-consultant-zoe-y-afacbd9e848d

Twitter: https://twitter.com/GlitchProtocol/status/1537863464743362561

Hey there, Glitchers!

Join Glitch CTO Diego, Marketing Manager Aram, and Social Media Specialist Rebecka for the official monthly AMA addressing community questions and the next steps in Von Hayek. Submit your questions at discord.glitch.finance.

🗓 June 20, 2022 @ 2PM UTC | 10 PM HKT

Set your reminders & subscribe: https://link.glitch.finance/3A3ml8L

Twitter: https://twitter.com/GlitchProtocol/status/1538274851433041920

Hey Glitchers!

We are LIVE on the official Glitch YouTube Channel. The monthly AMA with the Glitch Team is now in session.

Join the conversation: http://link.glitch.finance/3A3ml8L

Twitter: https://twitter.com/GlitchProtocol/status/1538884195707416577

Hey there, Glitchers!

Missed the monthly AMA session today with our tech and marketing team leaders?

The highlights and video recording is shared below.

View the recap on Twitter: https://twitter.com/GlitchProtocol/status/1538908218902007808

Watch the AMA recording: http://link.glitch.finance/3A3ml8L

Hello Glitchers,

GLITCH Development Updates: 25 June 🛠

Team is heads down and building as development continues.

Let's take a closer look at the latest Phase III: Von Hayek progress.

View the updates on Twitter: https://twitter.com/GlitchProtocol/status/1540677695377268736

Hey there, Glitchers!

The July Newsletter is here. We’re heading into Q3 with many significant milestones checked off, with more to come in the coming weeks and months.

Catch up on what the team has been working on and what's coming next!

Read More: https://link.glitch.finance/3R44fcN

Twitter: https://twitter.com/GlitchProtocol/status/1544019249277980672

Hey Glitchers,

You can now claim rewards from the GLCH single-sided staking campaign. Both ETH and BSC pools have now expired.

Withdraw now and begin the 24-hour cooldown period to unstake your assets.

Once this period is complete you will be able to claim and receive your stake and rewards.

Unstake now: https://t.co/Nx3O189X7Y

View on Twitter: https://twitter.com/GlitchProtocol/status/1545377160650665985?t=FTDcAMsa9KMpwxSj2lm1_w&s=19

Hello Glitchers,

GLITCH Development Updates: July 09 🛠

Development of the functionality to switch between the mainnet and testnet networks on the Glitch Browser Extension wallet is now complete, and the roadmap breakdown has received another update.

Let’s take a closer look at the latest development updates as Phase III: Von Hayek progresses.

View on Twitter: https://twitter.com/GlitchProtocol/status/1545779892473982976

Hey there, Glitchers!

Join the official AMA with CTO Diego, Marketing Manager Aram, and Indonesia Lead Paskah to discuss community questions and the next steps in Von Hayek.

🗓 July 25 @ 2PM UTC | 10PM HKT

Set your reminders & subscribe: https://link.glitch.finance/3b0zo0s

Twitter: https://twitter.com/GlitchProtocol/status/1550515017467830272

We're live!

The official monthly Glitch AMA with the leadership team is now in session.

Join the conversation: https://www.youtube.com/watch?v=-mhur9dTZ3o

Twitter: https://twitter.com/GlitchProtocol/status/1551569319829524480

Missed today's AMA with Team Glitch? We discussed development updates, mainnet validators, and the next steps in Von Hayek. Here's a breakdown of the key topics covered.

Read the recap on Twitter: https://twitter.com/GlitchProtocol/status/1551585665485115392

Full AMA session: https://www.youtube.com/watch?v=-mhur9dTZ3o

Hey Glitchers,

The August newsletter has landed. This month is shaping up to be full of updates as we get closer to completing Phase III: Von Hayek!

Read More: https://medium.com/glitchfinance/monthly-update-august-2022-ab915065c0fa

Twitter: https://twitter.com/GlitchProtocol/status/1555267480679063553

Hey there Glitchers,

Glitch Finance has relocked 5.57M $GLCH via Unicrypt, equal to 6.27% of the total supply. 🔥

View on Unicrypt: https://app.unicrypt.network/amm/uni-v2/token/0x038a68FF68c393373eC894015816e33Ad41BD564

Twitter: https://twitter.com/GlitchProtocol/status/1555554226628988928?t=dBJxM14W2ZJ87JtyBH-Rtg&s=19

Good news, Glitchers!

Stake $GLCH, receive $GLCH is making a comeback across two networks with double the rewards allocation.

Starting on August 11, 2022!

Twitter: https://twitter.com/GlitchProtocol/status/1557277782622609409

Hello Glitchers,

Glitch Finance launches its single-sided staking powered by @allianceblock. Single-sided $GLCH staking is LIVE!

Available on both #ETH and #BSC networks. Enjoy double the rewards allocation!

👉 https://glitch.defiterm.io/staking

Read More: https://medium.com/glitchfinance/300-000-glch-rewards-glitch-staking-campaign-15319eadb807

Twitter: https://twitter.com/GlitchProtocol/status/1557405642263969792

Hello Glitchers,

As part of our initiative to expand trading of the $GLCH token on other exchanges (both centralized and decentralized), we have removed 25% of the liquidity from UniSwap to spread across as we approach the launch of the mainnet validators.

We look forward to expanding our operations to onboard more trading community members. Thank you! 🛠💪

Twitter: https://twitter.com/GlitchProtocol/status/1561907720281698304

Hello Glitchers,

It came to our attention that there was an exploit within the Glitch bridge contract wallets. All bridging services have been temporarily halted. Here’s an update:

On August 21, 2022, the development team was notified about and then identified an exploit around the Glitch bridge. During the internal investigations, we found that an attacker(s) was trying to log into the glitch ssh protocol via brute force attack. In short, two hot wallets linked to the Glitch bridge were compromised and minted ~1.5M $GLCH tokens.

We are carefully engaging our legal team to take the appropriate steps to handle this situation. We are continuing our investigations around the root cause and working on implementing a solution. The team will share any additional information accordingly as investigations continue.

— Team Glitch

Twitter: https://twitter.com/GlitchProtocol/status/1562266316530016257

Notification of new policy changes and a path forward.

Misinformation & Abuse:
Glitch Finance is implementing a new zero-tolerance policy against negativity, misinformation, and online abuse. Starting today, individuals engaging in these activities will no longer be welcome to communicate within the Glitch Protocol community channels and will be permanently removed without warning.

The team has recently received threats across multiple platforms – death threats, extortion attempts, and verbal abuse. These threats are being sent to team members and their families at home. Please do not continue making these sorts of threats – it is not okay and harmful to their wellbeing. All Glitch Finance team members are just trying to do their daily jobs. We ask you to please exercise a little respect for each team member and their families at all times.

Additionally, it seems there is a personal vendetta around specific individuals, especially myself, CEO Sean Ryan. Glitch is more significant than any individual. To reiterate, any above abusive behavior will result in the person’s removal from community channels.

Lastly, to protect the best interest of each person employed at Glitch Finance, the team will be moving away from direct messaging. Any and all conversations with the team can be had in the proper public community channels or by using the Contact Us form on the website.

Community Advocates:
Around November and December of 2021, Glitch Finance started introducing advocates to form a volunteer group to spread the word of Glitch to external communities. The team wants to share that five of these individuals remain for transparency purposes. About half of the program entrants left for personal reasons, and the other half were terminated for not participating in the program for “X” time. Glitch implemented stricter processes and expectations in 2022, which only a select few have decided to follow. We wish them all the best in their next adventures.

However, several advocates have left the program and are now trying to share information with others, which is in direct breach of their signed non-disclosure/confidentiality agreement. If you know you are one of these individuals, we ask you to please stop. And if you’re interested in joining the program, the team will be expanding it, and we will accept new applications soon. There will be a maximum capacity of 12 people in the short term, so we invite you to apply today.

The Path Forward:
There is a bright light shining at the end of the tunnel. Right now, the team’s primary focus is to deliver the mainnet validators and then work to deliver the mainnet in its entirety. Once the basics of the mainnet are live, Glitch Finance may decide to handle the defamation situation through legal action. Rest assured that the team will meet all deliverables, and those spreading negativity will soon come to understand their actions are fallacious.

New team members are currently going through the onboarding process, including a Scrum Master and Copywriter. It is not a positive experience for them to see the constant misinformed negativity daily. The decisions mentioned in this statement have been made to future-proof Glitch and the internal employees working tirelessly to complete the goals.

Glitch Finance has been operating for about two years, building the team, brand, and technologies. The team would like to clarify one thing: Glitch is here to stay and deliver. Team members are doxxed for a reason, with an end goal to build one of the best alternative blockchain infrastructures for DeFi money market applications. We, as a team, shall not give up. The only option is success.

As an organization, the team is ready to release an expansion to the GLITCH mainnet, starting with its validators and up to five external ones. The team will share the signup Google Form shortly, and we urge anyone interested to participate on a first-come, first serve basis. While this is ongoing, investigations around the bridge will continue and a series of updates will be shared accordingly.

It’s been a very long road to get here – and we couldn’t be prouder of the accomplishments thus far. We believe GLITCH will be enterprise-ready and stable in due time, serving millions of Web3 users worldwide.

Let’s keep building and growing together.

— Sean Ryan, CEO, Glitch Finance

Update regarding the Glitch Bridge—

We've identified the root cause of the issue and fixed it via technical countermeasures. We've also re-defined our standard operating procedures for managing the servers with sensitive code. We are currently executing external tests on the newly impacted changes and we plan to deploy the bridge again next week.

— Diego E. Cruces, CTO, Glitch Finance

Twitter: https://twitter.com/GlitchProtocol/status/1562673642957205505