Big update: We’re winding down
@Eclipsefi to go all-in on @OrbitEarn.
But keep reading 👇🏻
After months of deep reflection, learnings, and iteration, we’ve made the decision to begin winding down Eclipse Fi in order to fully focus on building Orbit Earn into something truly impactful.
So here’s what this means:
- Equinox and governance voting will continue as long as there’s locked TVL, but no new features or builds will be added.
- The redemption model is now live, and we expect TVL to gradually unwind.
- Staked
$ECLIP will continue to control voting while Equinox is live.
- There will be no more launchpad launches.
As shared before, Orbit will airdrop a portion of its future token to
$ECLIP holders and stakers, with multiple snapshots to be taken over time. Staked tokens will carry more weight. Full details will come closer to the token launch, but initially focusing more on getting to PMF.
Looking back on a big few years, pushing through the unimaginable:
There were many times we didn’t think we would make it through but kept pushing.
Eclipse did have its wins.
- 16K KYCed users bridged to Neutron with $5.3M in interest commitments on our token launch.
- Helped projects raise over $4M across public and private rounds.
- 100 projects in the deadflow DD pipeline at one point.
- Launched Equinox and permalocked 30% of staked supply, hitting $1.5M in TVL.
- We also showed that we know UI and UX and can build some pretty clean user faces.
But we also hit a wall. We didn’t reach true product-market fit. And tbh, we found it hard to build the sustainable, scalable business we envisioned. It was especially hard choosing to remain in the shrinking Cosmos eco, combined with unpredictable market conditions. That's part of building. We learned, grew a lot and are grateful for the journey.
So what’s next? Orbit Earn.
We’re building Orbit to be a plug-and-play yield layer, powering real financial utility like auto-investing, bill pay, and embedded earn for the next wave of fintech and Web3 apps.
A few things to look forward to::
- Private mainnet going live soon
- Points referral program launching
- Working with 4 signed pilot partners (147M combined MAUs)
- Growing list of interested integrators
- Focus on simplifying the user UX flows
We’re going all-in. If Eclipse was chapter one, Orbit is the main story.
Thanks to everyone who supported us, from stakers, to partners, to the community. We’ll make sure it’s been worth it. We’re not done. We’re just getting started.
I look forward to writing a founder memorandum soon of all the biggest mistakes and learnings along the way.