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Alexis Sirkia

Verified account Yellow

@AlexisYellow

Captain @Yellow
https://www.yellow.org yellow.com Joined December 2018
88 Following 6.2K Followers 772 Posts

Latest posts 5

Alexis Sirkia Verified account @AlexisYellow
YELLOW is officially live on the XRP Ledger.

There are fake YELLOW tokens out there. The only real YELLOW on XRPL ie issued by:

r4ZosXJjnRikUaRyTTAjTx84Si6NJhaazf.

Rewarding our earliest supporters
Some of you found the YELLOW/XRP pool before we announced it and traded while liquidity was still thin. We have since added XRP to deepen the pool, and we're thanking the early ones:
• If you bought before we added liquidity, we've made up the difference in YELLOW.
• Every other holder who bought on XRPL gets a bonus airdrop in YELLOW.
• Holders with a Yellow Onchain account get more
• Holders with X linked get the most.

How to receive it:
Nothing to do. If you held YELLOW at the snapshot earlier today, it's already in the wallet you bought with.

Check your balance and trade YELLOW on onchain.yellow.pro

This is the first of many rewards for Yellow Onchain users and YELLOW believers. Welcome to Yellow. 🙏
76 replies 57 reposts 308 likes 44K views View on X
Alexis Sirkia Verified account @AlexisYellow
Paving the way for institutional-grade tokens on the XRP Ledger.

Yesterday we launched $YELLOW on $XRP. The reaction was loud, so I want to address what happened, why we built it this way, and where we go from here.

In July 2017, we raised funds from investors into a Parity multisig contract, the industry standard at the time. It was hacked, every dollar was drained, and the project was destroyed before launch. That experience taught me a lesson: security infrastructure matters just as much as the product.

Most XRPL tokens launch from a single key. That works fine for memecoins: launch, burn the issuer key, move on. But institutions operate differently. They require multisig with signer keys stored in deep cold storage.

Because current XRPL ecosystem tooling defaults to single signatures, deploying an institutional-grade asset required us to build directly on xrpl.js. Here is what we implemented: $YELLOW’s issuer account is secured by native XRPL multisig across hardware wallets. The LP is separate from the issuer, and that is also Multi-sig and then subsequently blackholed. The final signature was confirmed today. Coordination across distributed signers takes time, but the security trade-off is non-negotiable. We will open-source our entire multisig deployment toolkit so future teams can replicate this setup without the friction.

Why build this on XRPL?
On Ethereum, multisig, AMMs, and bridges rely on smart contracts that introduce exploit risk. On XRPL, these primitives are built directly into the L1 protocol layer. XRPL was designed for liquidity: native DEX order books, native AMMs, and built-in auto-bridging keep markets aligned. I know because I was one of the first Market Makers on XRPL since 2013. Now we just started actively making markets on the native DEX so XRPL stays synchronized with Ethereum pools like Uniswap, while keeping bridge exposure minimal to eliminate systemic risk. This is how Ripple originally intended for liquidity to work on the liquidity network they designed.

Addressing the launch volatility:
We seeded an initial $10k test pool, but the community arrived far faster than anticipated, driving sharp volatility. To stabilize trading conditions, I added 68,888 XRP and 436,245 YELLOW in liquidity today:xrpscan.com/tx/1BEC2131100…

In hindsight, we should have engaged the community before deploying the test pool. Lesson learned: we hear you, and we’re building this in public.

Ethereum Foundation provided the infrastructure, but ETH captured value because of what was built: Uniswap, MakerDAO, Aave, and tokenized funds like BlackRock's BUIDL.

@Ripple gave us the infrastructure: XRP Ledger! Now it’s time to build the ecosystem that brings institutional capital onto the ledger.

Follow the Yellow Brick Road 🟡
6:23
102 replies 118 reposts 518 likes 49K views View on X
Alexis Sirkia Verified account @AlexisYellow
@cz_binance please check our non custodial solution based on statechannels - it allows to trade Binance liquidty without the risk of CEX. Holding customer assets is a liability. @0xYellow and @camille_yellow invented the infra and Bybit ex-Head of Exchange Hongtao built it.
Binance @binance Oct 30
Binance will cover all losses.

As a precaution, all deposits and withdrawals are temporarily suspended while our team conducts security checks, freezes funds, and works with law enforcement.

We are working around the clock and will share a full post-mortem once the investigation is complete. Please rely only on official Binance channels for updates.
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7 replies 21 reposts 86 likes 3.9K views View on X