ORE has launched a smart wallet on Solana designed for long-term security, supporting ORE transfers, receiving funds, and staking. The project team has focused on quantum-resistant signature capabilities, hoping to proactively address potential signature risks that could affect the security of crypto assets in the future.
Signed using Falcon-512
This product is a CLI-based solution built on the Vector offline transaction signature scheme. The project team states that the wallet uses Falcon-512 key pairs and employs a 2/2 multisignature structure to enhance account control security.
Falcon is a lattice-based signature scheme. The report mentions that recent studies by Anza and Jump Crypto have listed it as one of the candidate signature schemes for Solana in the post-quantum era.
Transfers and pledging are now supported.
Currently, users can send, receive, and stake ORE through this wallet. Anatoly Yakovenko, co-founder of Solana Labs, stated that this product makes ORE one of the earliest projects in the crypto industry to attempt a "quantum-resistant store of value" positioning.
- Support sending ORE
- Supports receiving ORE
- Support ORE staking
The pledge agreement has been permanently frozen.
In addition to the new wallet, ORE has also been working on security adjustments to its protocol recently. On May 29, the project team permanently froze the staking contract to reduce the potential risks associated with upgrading permissions.
According to the article, approximately 272,500 sORE were thus no longer affected by the upgrade permissions, and were worth more than $31 million at the time.
Buyback mechanism supports recent price increases
Reports indicate that ORE has recently used over $3.28 million of its platform revenue for programmatic buybacks. Over the past 30 days, ORE's price has increased by 123%.
In its token mechanism, 99% of platform fees are used to buy back and burn ORE tokens to offset the increased issuance pressure from mining. According to DefiLlama data, ORE's Holder Revenue-to-Market Cap metric ranks among the top in the Solana ecosystem.
Additional information:The market is also currently focused on ORE's v4 update. Founder Hard Hat Chad previously stated that the new version will adjust some mechanisms that caused user concerns during initial use.
