Given the latest market developments and our commitment to transparency, we’re providing an update on the status of the Stacks Foundation and indexing related responses from other organizations operating within the Stacks Ecosystem. We’re disappointed and frustrated by the latest events related to FTX and Alameda, but have not been directly impacted by the fallout or resulting liquidity issues. We hope that through collaboration, we can build a more trustworthy Web3 together.
Below, we’ve collected statements from various Stacks entities in an effort to assure the community that Stacks builders will continue to have the support they count on from organizations leading various aspects of the ecosystem. No organization listed below had any direct exposure to FTX and they do not anticipate being impacted by any further unraveling of interconnected businesses, aka ‘the contagion.’
If you operate a Stacks company or represent a project and would like to have your statement added to this post, please contact us
.Stacks (STX) Token:
A low-volume futures PERP was listed on FTX, but otherwise there was no regular token listing or agreement for listing between Stacks entities and FTX. Alameda was not a Stacks market maker. PERPs can now be found on Helix
(formerly Injective).Stacks Foundation:
Our treasury was fully seeded after the SEC-qualified sale and is managed by Qualified Custodians.
These custodians have released statements reinforcing that they have not been impacted by FTX and that their very structure prevents our funds from being at risk. To further clarify, we are not awaiting capital calls from organizations that might be caught in the domino effect.