Summary
In June 2026, brainbot focused on expanding Shutter as a suite of products and as an ecosystem. On the technical side, we pursued new products which aim to generate significant revenue as soon as practicable: an encrypting DEX, private & verifiable voting for real world governments and orgs, and shared agents. On the partners side, we aggressively pushed the boundaries of the Shutter Network by launching new coalitions, proposing new organizations, and using new tools: the “Encrypt The Mempool! Coalition, a proposed blueprint for a Shutter PEN, and Melee 2 and POIDH bounties.
Priorities for T2 2026
Encrypted Mempool Priorities
Improve EIP Design (key withholding, optimized execution, etc.)- Draft execution and consensus specs
- Launch and grow an “Encrypt The Mempool!” coalition
Launch out-of-protocol EM with Primev + builders- Explore encrypting DEXes
Private Voting Priorities
- Munich real-world private voting project finished
- At least one additional real-world private voting project secured
- Snapshot Permanent Private Voting Alpha released and communicated
- Release a shared agents blog post and PoC
Misc Priorities
- Release decrypted Ethereum Time Capsule entries
Propose a blueprint for a Shutter PEN- Grow Shutter Champions (ecosystem growth program)
Key
Done / On Track / Needs Work / 
Not Done or Achievable
Team
FTEs - 6.22 FTEs (down from 8.25 FTEs) - 0.2 CEO, 0.67 Admin, 1.25 Business, 0.7 MarComs, 3.4 Developers.
Keypers
Keyper Sets - Gnosis: 7 online / 6 active (threshold 4/7). Time Capsule API: 11 online / 8 with restored keys (threshold 5/11). API: 5 online / 5 active (threshold 3/5).
Keyper Releases - Released package versions 2026.06.01, 2026.06.02, and DAppNode v0.1.11, including Keyper v1.4.4, DKG key injection support, and updated assets.
Keyper Operations & Uptime - Monitored uptime, synchronization, RPC connectivity, and key participation, while supporting operators with RPC provider issues.
Encrypted Transaction Ordering
Ethereum Mainnet - Encrypted Mempool EIP
-
Worked with EF, LUCID and other teams to refine the draft EIP, including:
-
Preventing withholding attacks (and probabilistic frontrunning)
-
Defining user fees
-
Optimized execution / post-inclusion transaction ordering
-
Leveraging FRAME transactions
-
Quantum resistant threshold encryption
-
-
Reached out to transaction supply chain actors (from wallets to builders) to gather and incorporate their feedback into the draft EIP
-
Published an MEV, chain and ordering simulator as an educational and research tool (inc video on X post)
Ethereum Mainnet - Primev - Worked with Primev and Quasar (builder) on out-of-protocol solution for pre-confirmed encrypted transactions.
Encrypting DEX - Began exploring opportunities to run an encrypted DEX on Ethereum L1 or EEZ.
Private Voting & Governance
Private Voting - Munich Project - Completed our core work for the Munich project. Votebase has a working Keycloak integration. The project is ready for the prototype release and the first live voting test with real voters.
Private Voting - Snapshot Permanent Private Voting - Worked on e2e Snapshot fork with threshold-ElGamal. Prepared an Alpha release, scheduled for July.
Shared Agents - Launched a new shared agents initiative, starting with an exploratory thought-leadership blog post. We also have an internal PoC of a shared agent launcher, which we want to test with two initial communities.
Shutter API
Time Capsule Key Restoration - Coordinated restoration of the November Time Capsule backups. 8/11 Keypers have restored the required keys and are ready for key release.**
Shutter API Infrastructure** - Continued infrastructure improvements and stabilization work across deployments and the Keyper client.
Cryptography Research
Silent Threshold Encryption and Post-Quantum Threshold Encryption - Continued research to address EF’s and Benedict’s requirements for an encrypted mempool design.
Partner / Developer Support
“Encrypt The Mempool!” Coalition
-
Launched the “Encrypt the Mempool!” Coalition with 18 initial members and added an additional 7 members: website, X account and blog post.
-
Created a bi-weekly working group to focus on non-technical aspects of getting an encrypted mempool EIP included in the I* Hardfork.
-
Hosted the “Who’s Fighting for Encrypted Mempools?” X space.
-
Launched the 3 ETH “Feedback on the Draft EIPs” technical bounty on POIDH.
-
Supported coalition members who launched the Support “Encrypt the Mempool!” marketing bounty on POIDH.
-
Supported “Ethereum Encrypted Mempool: Progress, Challenges & the Road to Hegota” article on Etherworld
Onchain Governance Platform - In response to Decent ending support for their hosted frontend, worked with Decent and Snapshot X proposed a migration plan and new Snapshot X space parameters.
Delegates - Onboarded 3 new delegates via 1:1 calls and a “Meet the Delegates” livestream.
Shutter Champions- Launched Shutter Champions: Melee 2 - which will distribute $10,000 in response to the question “How can we best advance Shutter?” Onboarded 16 prospective voters and received 5 proposed funding slates.
Shutter PEN - Published a proposed blueprint for a Shutter PEN, a perpetual endowment network with the mission to fund projects aligned with The Ethereum Cypherpunk Manifesto, complementing Shutter DAO 0x36 and other existing organizations
MarComs
Website - Prepared new website for Shutter Governance, focused on real world organizations
Events/Talks
-
Octant: The dangers of AI for Privacy & Security with Shutter, Revoke, Rotki, and The Tor Project
-
Octant: Why support Shutter and the effort to encrypt Ethereum’s mempool in Octant Epoch 12
Other Grants
Octant Epoch 12 - Received 3.02 ETH (0.2414 ETH direct from 44 contributors + 2.78 ETH from the matching pool) to support our efforts to Encrypt the Mempool
Requests for Support
Strategy - Join the discussion about “Exploring What it Means to Advance Shutter “ started by new delegate Rika_AxiaNetwork.
Delegation - Delegate or re-delegate your SHU voting power to an active delegate or voter.
Keyper Compensation - Provide feedback on whether to renew the Keyper Compensation Program.
Treasury Management - Join the discussion on swapping USDC for ETH.
Onchain Governance Platform - Provide feedback on the proposed migration plan and new Snapshot X space parameters.
Shutter Champions: Melee 2 - Provide feedback on the 5 proposed funding slates.
“Encrypt The Mempool!” Bounty - Share (with core devs and transaction supply chain actors) and add funds to the 3 ETH “Feedback on the Draft EIPs” technical bounty on POIDH.