Yanez subnet is entering a moment of reflection as new flow-based emissions reshape how activity is rewarded across the network. José, the CEO of Yanez, shared an open and honest message with the community about where things stand, what’s working, and how Yanez plans to navigate the current turbulence. His tweet is reproduced in full below:
I have been thinking all weekend on how to address the community with regards to the impact of the new flow-based emission.
Yanez, SN54, has dropped to zero. This basically means that there is no meaningful activity in the liquidity pool, and thus we get no emissions. In the last few weeks we have been hit hard with an intense sale activity, so perhaps a timely combination.
Ironically our business is hitting and/or surpassing almost every milestone that we set to do. In other words it is moving in the right direction by all indicators. We have several paying multibillion dollar clients, with multi year contracts. We have been able to upsell these clients growing the ACV. Our clients love our product. It is making true positive impact into their daily operations. ARR is lagging a bit, but nothing meaningful.
From the product side we are expanding our offering continuing to search for use cases that truly matter in the marketplace. We are executing our roadmap both at Yanez Compliance and on SN54. We have introduced a novel incentive model whose early results are truly encouraging.
We made a big bet into Bittensor, we have invested significant amount of money and effort into it. Decentralized intelligence, and the operations infrastructure we have invested in based to operationalize it, will give us a sustainable competitive advantage in the market.
The financial crime prevention market is big, $200B big, we have a great opportunity to grow a multibillion dollar business. We are working on products and functionality that can make a difference.
As a seasoned entrepreneur I can tell you that building companies is hard, really hard. It is a grind. You face lots of challenges all the time from many directions. So, this, is just another challenge, one that we will go through, because our fundamentals are solid.
What we are doing is no gimmick. We are playing no games in the ecosystem. We are honest and transparent. We make mistakes and we correct them. We are ambassadors to the protocol because we believe in what it can bring. It is not perfect by any means. And we may have to go through painful challenges like this one.
So, dear community, I have no magic wand to magically create activity in the liquidity pool. What I do have is a great team, that works hard every day. I got a good product with great potential in a very big market. And, I have a business that is executing.
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