Summary
April 2025 was a month of intense restructuring and refocusing. Shutter DAO 0x36 canceled the monthly recurring grant to brainbot gmbh, and approved a new reduced monthly recurring grant in its place. As a result, brainbot significantly reduced FTEs working on Shutter and refocused to prioritize Shutter API revenue.
Metrics
Revenue
Total: $192.50
Sources: W3PN ($150), Paddle Battle ($40), Predict ($2.50)
Shutter API Integration Pipeline
| Interested | Committed | Integrated | Revenue | Scale | |
|---|---|---|---|---|---|
| April | 5 | 2 | 2 | 1 | 0 |
Team
0.3 CEO, 0.5 Admin, 1.5 Business, 2 MarComs, 4.25 Developers, 1 Researcher, 0.3 Lawyer
Keypers
Keyper Sets - Gnosis Keypers: 6 Keypers active / 1 Keyper not showing in metrics
(Threshold 4/7). API Keypers: 7 Keypers active (4 external / 3 internal) / 3 external (non-active) Keypers restarting due to node performance issues due to new synch monitor + 1 (non-active) Keyper not showing in metrics (Threshold 5/11).
Packages - Deployed minimal version of Keyper dashboard and shared with some Keypers. Released Docker and DAppNode packages for both Gnosis Keypers (Docker, DAppNode 0.1.1) and Shutter API Keypers (Docker, DAppNode 0.1.2 / 0.1.1), including the following upgrades: Go version, libp2p, go-ethereum, blst library, Pectra compatibility.
Encrypted Mempools
Gnosis Chain - Released new Keyper version including Keyper Pectra support and LibP2P improvements. Achieved 97.5% inclusion rate on Chiado. Currently being rolled out to Mainnet. Released improvements to the observer.
Ethereum Mainnet - Mapped out a Shutter x Primev integration for our out-of-protocol implementation via proposer commitments.
OP Stack - Prepared a document outlining a definition of a generalized encrypted mempool for OP Stack.
BNB Chain - Raised a new Binance Evolution Proposal (BEP) and interacted with Binance validator community stakeholders.
Shutter API
Snapshot - No update. Planning to migrate Shielded Voting to Shutter API.
Decent & Tally - Prepared a document outlining how to achieve shielded onchain voting using Shutter API and described how shielded onchain voting could be generalized to support other technologies than threshold encryption.
Kleros - Began drafting Shutter API implementation guide for Kleros V2. Supported Kleros in building a PoC.
Predict - Launched Predict as a dogfood test of the Shutter API.
Sealed Bid RFPs - Launched Sealed Bid RFP PoC and collected user feedback.
Paddle Battle - Launched 4 auctions - 3 All Pay auction and 1 Penny auction. Created an RFP to hire a developer to create Sealed Bid auctions using Sealed Bid RFP.
Cryptography Research
Research Posts - Published an ethresearch post on a novel anti-collusion mechanism for an encrypted mempool on Ethereum; published a blog post on the limitations of iO for web3 privacy.
Collaboration with EF - Discussed zkFOCIL and encrypted mempools for Ethereum Mainnet with the Ethereum Foundation. The discussion started on ethresearch and was later continued in a call.
MarComs
PR - Podcast interview with Sam Kamini on Securing the Mempool. Quoted in a Cointelegraph article advocating for an encrypted mempool. Podcast interview with The Crypto Radio explaining the challenges of malicious MEV. Joined EigenPhi’s MEV Twitter Space to share an update on encrypted mempools.
Video Content - Why you can’t trust a centralized third party for commit-and-reveal encryption. BNB chains war with malicious MEV, Shutter joins the fight. Protect practically any dApp with Shutter API’s threshold encryption.
Blog Content - The limitations of iO for web3 privacy. BNB Chain is at War with MEV — Shutter has the Weapon to Win It. Top 3 Riskiest Web3 dApps That Need Commit-Reveal Protection.
Conferences - Spoke about Paddle Battle and Shutter API at ETH Taipei and ETH Bucharest.
Misc - Launched an all-pay EthCC ticket auction with Protocol Guild on Paddle Battle. Joined the Gnosis Chain Pectra livestream providing an update on our encrypted mempool.
Requests
Introductions to potential Shutter API Integrators - governance platforms interested in shielded voting, launchpads looking for front-running protection, games and others
Introduction to Crypto-Native Social Media Advisors - folks who can help amplify Shutter’s reach and engagement on socials.