Thanks for the questions!
Product
VMs are currently live in private alpha. We’ve received 150+ applications for the testing participation and applications are now closed. There are critical issues still has to be fixed before opening VMs to a wider audience.
VM release was delayed unfortunately due to series of complexities and ETA of public beta now is Q2. We have $4mm+ potential ARR in the pipeline waiting to be onboarded but the tech completeness is a blocker to onboard this. Note this is the estimated potential protocol revenue based on current prospects, can be different in reality.
The SLA was mentioned by me at Depin Day in Hong Kong. We’ve building towards enabling on-chain SLAs to compensate customers for downtimes if they happen, but not yet have ETA for this feature.
You can see these news in DePIN Day Hong Kong and Denver recordings. We will make sure they are better propagated via our socials and newsletter.
Community
On Ambassadors, over 700 applications were received and after several stages of approval, 10 finalists were chosen. They just have started to being onboarded.
Liquidity
8m FLT returned from GSR to the DAO treasury is the unspent amount from the launch allocation that supposed to be sold on the market initially. They’ve been sitting there since April 2024 and now returned. GSR continues to provide market making services using this liquidity (10m FLT).
There is another market maker StudioB also working on CEXes together with GSR, mentioned here. Spreads look good.
Delisting from exchanges is out of our control. The whole market is down now, so volumes are low everywhere.
The US accessibility is the question of listings now. Last week, FLT was listed at Biconomy, which has US license and available for US users. We are deploying liquidity to the Uniswap pool very soon to support the organic volume that happens there. Uniswap is available in the US.