Dear investors, builders, community members, and everyone supporting Pelagos,

As we close out 2025, we wanted to share a clear snapshot of where Pelagos stands today: what’s live, what’s working in practice, and where our focus is heading into 2026. We’ve been heads-down building for most of the year, and this update reflects what is now real in production and active testing.

Before diving in, thank you for backing us this year. We don’t take that trust lightly. We also want to wish you and your loved ones a Merry Christmas and a strong start to the New Year.

• We’ve been operating a private Kubernetes-based testnet connected to Sepolia, Polygon Amoy, BSC Testnet, and Solana Devnet.

• Current baseline performance in this environment is stable, including:

  • ~170ms median block time

  • Core production hygiene is in place: repeatable deployments, recovery testing, and monitoring and debugging workflows

• Threshold Signing (TSS) baseline architecture for appchains

• A consistent Block Explorer working from local development through clustered deployments

• Indexer + query foundations, including a prototype Uniswap V2 indexer appchain and a SQL-based query layer over block data

• Avail DA integration, enabling low-latency appchains using sequencer + DA while preserving multichain access

• Early scalability work, including a sharded appchain prototype and benchmarking
  

• Stabilized trading flows (orders, storage, bots)

• Resolved a major storage issue

• Improved charting APIs and frontend responsiveness

• Built internal market-making and auto-trading bots to keep markets healthy

• Deployed Zealy endpoints and began structured community activation

The LIQ Markets Alpha Campaign launched with $1,200 in prizes and processed 9,000+ transactions in its first days, serving as an early stress test and UX feedback loop.

Next steps include Hyperliquid API integration at the appchain level and a mobile app, enabling users to trade perps using cross-chain balances directly on Pelagos.

Predicted is testing atomic flows as an event-query dashboard and resolution marketplace. Outcomes are resolved using an oracle-style interaction pattern and then propagated cross-network.

Even with a simplified resolution method today, building on Pelagos preserves transparency while allowing validated outcomes to be pushed to any connected network that requires resolution services.

LayerCover is testing atomic flows as an insurance appchain:

• Users pay on Polygon

• Policies are attested and confirmed on Ethereum

• A $1,000 USDC cover has already been recorded with reserves on Ethereum

This demonstrates native cross-chain policy issuance without bridges or wrapped assets. We plan to run LayerCover campaigns in Q1 2026.

• X grew ~23% to 2,000+ followers

• Discord grew ~30% to 2,300+ members

• Ran builder-focused sessions with LIQ Markets

• Continued long-form technical content explaining atomicity, indexing, and how partners use Pelagos in practice

These channels have increasingly become sources of early feedback and testing interest as we prepare for broader product-facing releases.

Our approach to adoption is grounded in a simple belief: infrastructure gains traction fastest when it is pulled into use by real products and real workflows. Pelagos is designed for complex, automated execution, and our go-to-market strategy reflects that.

Heading into 2026, our focus spans both internally led initiatives and continued ecosystem growth, with one flagship product anchoring our GTM efforts while partners move toward broader production deployments.

As part of this direction, we’re building a flagship product entirely in-house to show what Pelagos is meant to be when it’s actually used. The goal is to make cross-chain and cross-venue trading automation usable without programming.

At a high level, the idea is simple: stop programming trading systems, describe them instead. Our flagship product compiles plain-language trading logic into deterministic, risk-bounded execution that can run across multiple blockchains and centralized venues.

Users describe arbitrage, hedging, or execution logic in plain language. Our upcoming app turns that input into a readable execution program, with execution coordinated by the network. No custom code. No infrastructure to manage. No hidden behavior.

Nothing goes live by default. Every execution program has to define its risk limits, list failure conditions, and pass simulation first. If it can’t do that, it doesn’t run. That’s how automation stays predictable and bounded when real capital is involved.

The product is built to push Pelagos’ core systems hard: execution, data access, permissions, and cross-chain coordination. A few rules shape everything:

• Execution without programming. You don’t write code. You don’t deploy services. You define what the system should do, and the result is a readable, versioned execution program you can actually inspect.

• Risk comes first. If risk isn’t defined, nothing runs. Loss limits, failure conditions, and guardrails aren’t optional and they aren’t implied.

• Deterministic execution. Pelagos coordinates reads, writes, and execution across chains and venues so behavior stays predictable and enforceable.

• AI helps, but it’s not in charge. AI is used to compile logic and analyze results. Execution itself is controlled, observable, and constrained by the system.

• Execution isn’t private by default. Programs live as shared objects. They’re evaluated on real outcomes and improved through discussion and iteration, not hidden scripts running on someone’s machine.

Internally, this product already runs across the same execution paths, indexers, and permission systems we ship as infrastructure. That’s been one of the fastest ways for us to surface real issues and tighten the core network.

We’ll share full details, technical architecture, and rollout plans in January, with a broader launch planned for February 2026.

Alongside the flagship product, our focus includes:

• Expanding real-world usage through internally led products, anchored by the flagship release

• Continuing to harden core network performance and reliability as execution workloads increase

• Supporting partners as they move from testing into broader, user-facing deployments

• Preparing the network for higher throughput and more demanding execution and data workloads

We are deliberately prioritizing depth and reliability over breadth as adoption ramps, ensuring Pelagos is ready to support both internal products and ecosystem applications at scale.

Thank you again for backing Pelagos this year. We know you have many opportunities to support, and we’re committed to earning that trust through consistent execution.

We’re entering 2026 focused and energized. January will mark the introduction of the flagship trading product that now anchors our GTM strategy, alongside continued progress on the core network.

If you’d like to help, introductions are always appreciated, especially to quant and arbitrage teams, active traders, and trading-focused KOLs interested in testing what’s coming.

Our focus remains on shipping, testing, and earning adoption the hard way.

Wishing you a restful holiday break and a strong start to the year ahead.

— The Pelagos Team

Dear investors, builders, community members, and everyone supporting Pelagos,

As we close out 2025, we wanted to share a clear snapshot of where Pelagos stands today: what’s live, what’s working in practice, and where our focus is heading into 2026. We’ve been heads-down building for most of the year, and this update reflects what is now real in production and active testing.

Before diving in, thank you for backing us this year. We don’t take that trust lightly. We also want to wish you and your loved ones a Merry Christmas and a strong start to the New Year.

• We’ve been operating a private Kubernetes-based testnet connected to Sepolia, Polygon Amoy, BSC Testnet, and Solana Devnet.

• Current baseline performance in this environment is stable, including:

  • ~170ms median block time

  • Core production hygiene is in place: repeatable deployments, recovery testing, and monitoring and debugging workflows

• Threshold Signing (TSS) baseline architecture for appchains

• A consistent Block Explorer working from local development through clustered deployments

• Indexer + query foundations, including a prototype Uniswap V2 indexer appchain and a SQL-based query layer over block data

• Avail DA integration, enabling low-latency appchains using sequencer + DA while preserving multichain access

• Early scalability work, including a sharded appchain prototype and benchmarking
  

• Stabilized trading flows (orders, storage, bots)

• Resolved a major storage issue

• Improved charting APIs and frontend responsiveness

• Built internal market-making and auto-trading bots to keep markets healthy

• Deployed Zealy endpoints and began structured community activation

The LIQ Markets Alpha Campaign launched with $1,200 in prizes and processed 9,000+ transactions in its first days, serving as an early stress test and UX feedback loop.

Next steps include Hyperliquid API integration at the appchain level and a mobile app, enabling users to trade perps using cross-chain balances directly on Pelagos.

Predicted is testing atomic flows as an event-query dashboard and resolution marketplace. Outcomes are resolved using an oracle-style interaction pattern and then propagated cross-network.

Even with a simplified resolution method today, building on Pelagos preserves transparency while allowing validated outcomes to be pushed to any connected network that requires resolution services.

LayerCover is testing atomic flows as an insurance appchain:

• Users pay on Polygon

• Policies are attested and confirmed on Ethereum

• A $1,000 USDC cover has already been recorded with reserves on Ethereum

This demonstrates native cross-chain policy issuance without bridges or wrapped assets. We plan to run LayerCover campaigns in Q1 2026.

• X grew ~23% to 2,000+ followers

• Discord grew ~30% to 2,300+ members

• Ran builder-focused sessions with LIQ Markets

• Continued long-form technical content explaining atomicity, indexing, and how partners use Pelagos in practice

These channels have increasingly become sources of early feedback and testing interest as we prepare for broader product-facing releases.

Our approach to adoption is grounded in a simple belief: infrastructure gains traction fastest when it is pulled into use by real products and real workflows. Pelagos is designed for complex, automated execution, and our go-to-market strategy reflects that.

Heading into 2026, our focus spans both internally led initiatives and continued ecosystem growth, with one flagship product anchoring our GTM efforts while partners move toward broader production deployments.

As part of this direction, we’re building a flagship product entirely in-house to show what Pelagos is meant to be when it’s actually used. The goal is to make cross-chain and cross-venue trading automation usable without programming.

At a high level, the idea is simple: stop programming trading systems, describe them instead. Our flagship product compiles plain-language trading logic into deterministic, risk-bounded execution that can run across multiple blockchains and centralized venues.

Users describe arbitrage, hedging, or execution logic in plain language. Our upcoming app turns that input into a readable execution program, with execution coordinated by the network. No custom code. No infrastructure to manage. No hidden behavior.

Nothing goes live by default. Every execution program has to define its risk limits, list failure conditions, and pass simulation first. If it can’t do that, it doesn’t run. That’s how automation stays predictable and bounded when real capital is involved.

The product is built to push Pelagos’ core systems hard: execution, data access, permissions, and cross-chain coordination. A few rules shape everything:

• Execution without programming. You don’t write code. You don’t deploy services. You define what the system should do, and the result is a readable, versioned execution program you can actually inspect.

• Risk comes first. If risk isn’t defined, nothing runs. Loss limits, failure conditions, and guardrails aren’t optional and they aren’t implied.

• Deterministic execution. Pelagos coordinates reads, writes, and execution across chains and venues so behavior stays predictable and enforceable.

• AI helps, but it’s not in charge. AI is used to compile logic and analyze results. Execution itself is controlled, observable, and constrained by the system.

• Execution isn’t private by default. Programs live as shared objects. They’re evaluated on real outcomes and improved through discussion and iteration, not hidden scripts running on someone’s machine.

Internally, this product already runs across the same execution paths, indexers, and permission systems we ship as infrastructure. That’s been one of the fastest ways for us to surface real issues and tighten the core network.

We’ll share full details, technical architecture, and rollout plans in January, with a broader launch planned for February 2026.

Alongside the flagship product, our focus includes:

• Expanding real-world usage through internally led products, anchored by the flagship release

• Continuing to harden core network performance and reliability as execution workloads increase

• Supporting partners as they move from testing into broader, user-facing deployments

• Preparing the network for higher throughput and more demanding execution and data workloads

We are deliberately prioritizing depth and reliability over breadth as adoption ramps, ensuring Pelagos is ready to support both internal products and ecosystem applications at scale.

Thank you again for backing Pelagos this year. We know you have many opportunities to support, and we’re committed to earning that trust through consistent execution.

We’re entering 2026 focused and energized. January will mark the introduction of the flagship trading product that now anchors our GTM strategy, alongside continued progress on the core network.

If you’d like to help, introductions are always appreciated, especially to quant and arbitrage teams, active traders, and trading-focused KOLs interested in testing what’s coming.

Our focus remains on shipping, testing, and earning adoption the hard way.

Wishing you a restful holiday break and a strong start to the year ahead.

— The Pelagos Team