The Script3 team announces that YieldBlox Protocol will delay its mainnet launch on Stellar Turrets and instead wait for Stellar's on-chain smart contracts due to superior security, community focus, and feasibility concerns. They detail the decision process following SDF's roadmap announcement and unsuccessful grant proposal. The project remains committed to launching securely with the YBX token once smart contracts are ready.
Script3's YieldBlox Protocol, initially planned for launch on Stellar Turrets, is postponed until Stellar's on-chain smart contracts are complete, expected on testnet by end of 2022. The decision stems from Stellar Turrets' inferior security compared to L1 smart contracts, limited community growth shifting to SDF's roadmap, and the team's inability to sustain the Turret ecosystem alone after SDF rejected their grant proposal. A detailed timeline outlines events from the testnet beta launch on January 21, 2022, to the smart contract announcement on January 25, and subsequent discussions. The YBX token and day-0 stakes will carry over to the new on-chain version. The team expresses gratitude to supporters and teases future DeFi projects in the interim.
