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@htwtech
1/16 Crypto's modular era created hundreds of fast chains but also trapped liquidity in isolated islands. @spicenetio is building a Spatial Overlay Network (SON) - middleware that lets assets flow between chains without bridges. Let's look at what they're building https://t.co/dSCuR6Ty2h
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High Tower
@htwtech
2/16 Between 2021-2024, crypto went modular: execution, consensus and data-availability got split into components. Rollups relieved ETH congestion, @Celestia/ @eigen_da/ @AvailProject made data storage cheap. Great performance achieved, but every L2 became its own liquidity silo
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@htwtech
3/16 Spicenet's SON is a logic layer that sits above L1s/L2s, orchestrating state across them. Developers get a single programmable surface for cross-chain value flows. It's middleware for chains, enabling native communication between isolated ecosystems
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@htwtech
4/16 Three core components make this work: ❇️MoveVM everywhere - verifiable execution regardless of DA choice ❇️Liquidity as first-class module - NOL vaults + AMM network ❇️Wallet & gas abstraction - any key-pair works, fees auto-handled https://t.co/iiIi1oYl8D 5/16 Team started as a research pod inside Movement Labs back in Q3 2023. Core engineers came from @Aptos, @osmosiszone and @jump_pit's @wormhole_labs - builders who know the cross-chain mess from experience
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@htwtech
6/16 Progress so far: 🔸 @ThePepperDEX prototype (Q1 2024), 🔸 $3.4M seed round (Q4 2024), 🔸 Testnet #2 with Celestia DA (Q1 2025), 🔸 Whitepaper + $HotUSD vault (Q2 2025). 🔸 Next up: Mainnet Phase I with pilot partners Q3 2025, 🔸 Then PepperDEX spot/futures Q4 2025
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@htwtech
7/16 Three product modules in development: ❇️ User Abstraction Suite - One SDK method for key management and cross-chain settlement ❇️ $hotUSD vault - Bitcoin-backed synthetic dollar using BTC staking tokens ❇️ NOL vaults - Protocol-managed liquidity that rebalances automatically https://t.co/Gkxp2s1DrR
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@htwtech
8/16 $hotUSD mechanism: deposit BTC staking/restaking tokens ( @Lombard_Finance $LBTC, @pStakeFinance $yBTC), vault shorts $BTC via solver network and mints dollar-pegged token. You get stablecoin exposure while keeping the underlying staking yield 9/16 $SPICE tokenomics: 🔸100M fixed supply 🔸25% validator rewards (hyperbolic halving) 🔸Rest split between builders, liquidity, community 🔸Utilities: validator staking, gas collateral, tx priority, DAO governance https://t.co/lVMvk3PfXQ
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@htwtech
10/16 Security setup uses #Tendermint BFT consensus with rotating validator sets. Fast finality in seconds, checkpoints mirrored to external L1s. #MoveVM modules upgradable through on-chain governance without chain halts 11/16 Partner integrations mentioned include @plumenetwork (modular DeFi hub), @Arch (AI agent rollup), @Karak_Network (BTC restaking), and @maplefinance (credit markets). First movers getting solver rebates, priority listing on @ThePepperDEX 12/16 Roadmap targets:
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@htwtech
🔸Q3 2025: Mainnet Phase I with Plume/Karak/Maple pilots 🔸Q4 2025: PepperDEX spot + futures live 🔸Q1 2026: Solver Marketplace opens to third parties 🔸2026+: Permissionless rollup factory, full DAO control 13/16 Backed by @hack_vc (lead), @Magnus_Fund, @DoraHacks, @wagmi_vc, plus angels including @zmanian, @tekinsalimi and @gpl_94. Investor mix spans both #Cosmos and #Ethereum ecosystems
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High Tower
@htwtech
14/16 Imagine this: by 2027, someone opens Phantom wallet, swaps Solana memecoins for RWA yield notes in one click. They never hear the word "bridge" or worry about chain selection. That's what Spicenet wants to enable That's the future Spicenet is building toward 15/16 Cross-chain UX is still a disaster. Spicenet's betting everything on fixing asset movement between chains - because raw TPS means nothing if users can't actually move their money around
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