Celebrating a New Era: SYS Labs Joins Uno Re DAO as Core Contributor
Introduction
Since the approval of the proposal regarding the entrance of an L1 entity as a new core contributor to the Uno Re DAO, our community has been excited to find out the reveal of the partner name.
Today, we celebrate this process together with our community. As many of our community members have guessed with excitement, the L1 chosen in the proposal is SYS Labs, the name behind SYS Coin, which was created to bring Bitcoin security with smart contract capabilities and immense interoperability.
A New Chapter Begins
With approval from the Uno Re DAO, SYS Labs is poised to infuse a new dynamic into Uno Re’s growth, contributing additional resources, experience, and network. While the Uno Re development team will remain integral to our operations, the added input from SYS Labs will enable Uno Re to fulfill and expand its initial roadmap objectives.
Introducing the New Core Contributors From SYS Labs
One of the early steps to come closer to this future will be the introduction of the new core contributors:
On the cybersecurity front, Paul Kang enters the fold as the principal force behind our WatchDog initiative. Paul’s professional journey is marked by leading a globally recognized cybersecurity company — Entersoft.
With an impressive resume and encapsulating skills in application security, DevSecOps, and smart contract audits, he serves as an esteemed figure in the sector. Paul’s entry assures a top-tier contribution to fortifying our ecosystem’s security mechanisms, creating a safer and more robust environment for Uno Re DAO’s continuous operations.
His expertise and experience will enable him to take up Uno’s mantle and lead the protocol on all fronts into a newer era of sustained growth and development.
Bruno and Claudio, greatly recognized for their competencies demonstrated at Pollum, bring a wealth of expertise from their work in the blockchain development space. Pollum, a renowned blockchain development agency, has contributed core toolings to SYSCoin, offering an array of versatile tools and services across various blockchain ecosystems such as Solana.
Bruno’s multi-faceted skills run the gamut from data analytics to product management, while Claudio leverages his prowess in software engineering to devise highly efficient, distributed application solutions. Their collaborative synergy promises to deliver invaluable inputs that can aid in enhancing UNO’s overall proficiency.
The integration of Bruno, Claudio, and Paul into the core of Uno Re DAO signifies a promising leap towards progress. Their ability to harness technology, drive innovation, and champion security will undoubtedly contribute to the successful implementation of our outlined roadmap.
With SYS Labs’s involvement in the Uno Re DAO as a core contributor, progress can be expected as outlined in the roadmap:
Roadmap Highlights and Expectations
Q1 2024: Establishing a Strong Foundation
Team Restructuring with SYS Labs: The transition of leadership to SYS Labs represents a strategic merger of expertise and innovation. Bruno, Claudio, and Paul will bring their specialized skills to the Uno RE, fostering a synergistic environment to accelerate development and enhance product offerings.
Insured Audit Line as an Independent SaaS Unit: The revamped Insured Audit Line will operate independently, focusing on a suite of cybersecurity services. This includes comprehensive smart contract audits, real-time on-chain threat monitoring, and advanced penetration testing across various platforms (Web, Mobile, API, Infrastructure/Network/Nodes), alongside Cloud Security and Information Security Risk and Compliance. This move is designed to elevate Uno Re’s standing in the realm of audit and cybersecurity.
L2 Security Product Suite Rollout: A new line of insurance products specifically tailored for Layer 2 solutions will be launched. This suite includes innovative offerings such as Trustless Bridge Coverage, Staked ETH Coverage against slashing risks, Downtime Compensation, and Customized Insurance with Active Monitoring. This product line aims to address the unique challenges of the L2 space, providing users with security and confidence as they explore new yield-generating opportunities.
UNO Deployment on Rollux: This involves deploying existing V2 contracts on Rollux and listing the UNO Token on Pegasys with a SYS Pair, significantly enhancing accessibility and market presence.
RWA Legal Framework Establishment: Completing legal authorizations for RWA products and robust KYC and AML compliance frameworks underscores Uno Re’s commitment to regulatory adherence and operational integrity.
Q2 2024: Expanding Reach and Capabilities
Web3 Risk Framework for Preferred Audit Partners: The development of this framework aims to set a new standard in smart contract insurance, combining advanced risk assessment with continuous monitoring. Strategic partnerships with selected audit firms will enhance the integration of auditing and insurance services, offering clients a comprehensive security package.
L2 Security Product Full Launch: Following the PoC success on Rollux, the full-scale launch of the L2 Security Product in collaboration with leading L2 and L1 entities highlights Uno Re’s commitment to becoming a key player in insurance for blockchain technologies.
RWA Pool Introduction: The launch of RWA Pools marks a strategic move to utilize idle USDC in SSIP pools for earning through UST Bills and Treasury Yield, aiming to boost the net risk-adjusted returns for liquidity providers.
UNO V3 White Paper and TradFi Insurance PoC: The release of the UNO V3 White Paper will detail plans to revolutionize the insurance models with Isolated Vaults and omni-chain insurance. The collaboration with a Trad-Fi partner to set up an Insurance PCC and a capital raise from Trad-Fi Markets signifies a groundbreaking venture bridging decentralized and traditional finance sectors.
Q3 2024: Technological Advancements and Product Diversification
UNO V3 Development: This phase focuses on enhancing insurance product flexibility and reach. The introduction of synchronized LP pools with cross-chain auto-rebalancing allows for optimal capital utilization across various blockchains. The concept of isolated insurance pools empowers LPs to invest in insurance products selectively, catering to their risk appetite and interest areas.
Q4 2024: Scaling New Heights
UNO V3 Launch and Market Expansion: The final quarter is pivotal with the launch of UNO V3, employing Layerzero technology to scale across multiple L1s and L2s. This will be accompanied by comprehensive pre-launch activities, including protocol underwriting and asset listing. An extensive marketing campaign is planned to significantly boost TVL and insurance sales, emphasizing Uno Re’s innovative solutions and market leadership.
Throughout 2024, Uno Re’s strategy is characterized by a blend of technological innovation, strategic partnerships, and a deep understanding of the evolving needs of the insurance and blockchain industries.
Embracing the Future Together
As UNO forges ahead alongside SYS Labs, the Uno Re DAO maintains its steadfast dedication to innovation, security, and the betterment of its community. There is a keen sense of anticipation for more thrilling updates and achievements in this shared quest to transform the blockchain insurance landscape.
About Uno Re
Uno Re is building a fully secure decentralized insurance ecosystem to serve institutional and individual Web3 participants. The protocol’s insurance platform has sold over $15 million in coverage across various crypto protocols, with risk underwritten for over eighty-five different protocols and six stablecoins on our B2C Insurance Sales dApp — The Cover Portal.
About SYS Labs
SYS Labs is a unicorn of unicorns, building the fundamental layers of true Web3 and connecting users, dApps, and assets to create seamless flows between ecosystems. SYS Labs creates the infrastructure, dApps, and tools necessary to meet the needs and desires of a global population, all backed by Bitcoin’s security and enhanced by Syscoin’s finality and groundbreaking L1 data availability solution, PoDA.
