High Tower
@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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High Tower
@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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High Tower
@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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High Tower
@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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High Tower
@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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High Tower
@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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High Tower
@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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