Robert Sags
@RobertSagurton
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Co-Founder @FogoChain | Ready to follow the sun?
Joined November 2022
“Solana Aligned”?. If you can’t keep ‘em, align ‘em!. Here’s a spitball suggestion to solve Solana’s inflation problem, while dealing with the inevitable defection of apps spinning into competitive chains. And this is something I’d accept for Fogo as well:. Instead of pushing.
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Important message to the broader Solana decentralized community!: . To revisit our original intention when we launched Fogo, if somebody would like to propose a way for Fogo to be more positively aligned with Solana, we’re all ears. I’d say it’s gotta start with a healthy.
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A big thank you to all that supported @FogoChain on @echodotxyz yesterday! . A few thoughts:. - First, shoutout to our earlier seed investors. Both @DistributedG and @cmsholdings had my back when it was just me telling the Fogo story with no deck or team or anything. I really.
EXCLUSIVE: Fogo raises $8 million at $100 million token valuation via Cobie's Echo in 'under two hours'
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Breaking Fogo News!:. The inflation rate will be a fixed 2% – in line with the Fed’s target rate. It’s low, sufficient, and understood by all. We can change if necessary also. What was the governance used to decide this? I came up with the idea in the sauna and sent to the.
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In early 2024, I started to dig into Firedancer and the game-changing potential in terms of reduced latency and increased bandwidth. I reached out to the smartest engineers I knew – both from my TradFi and HFT days, to talk about how Firedancer can be optimized. What I.
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My prediction for 2025 is that the crypto community realizes global consensus is a bad tradeoff for censorship resistance. Global consensus condemns your L1 to never being faster than the speed of light around the world – which is too slow for modern trading and settlement.
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Latest DevNet test results. Down to 20ms block times which is promising. Got a lot of interest from the last test, so wanted to add some comments and open up to a sanity check:. -Test done with 4 validators and using transfers – as that seems to be the standard for TPS tests.
Fogo Experiment Log. Configuration:.- Hashes-per-tick: 3,125.- Ticks-per-slot: 64.- Spam rate: 60,000 txn/sec.- Block time: 20ms. TPS Results: 46,531. Notes: reduced the time threshold that determines when to repair shreds during transmission. Validators were able to catch up
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Why Fogo is built different . 1. 20ms block times in Devnet. (This is the final tweet in this thread).
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On a more serious note (Fogo is an L1!) – super excited to be partnering up with @wormhole . Launching a new native L1 is like moving to an island with no connectivity to the outside world. WH is the saving grace that puts you safely on that grid and allows assets to flow.
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What does not getting questions answered have to do with the power of open source code? . I was next to you all watching the FD demos, and left super excited about what FD could bring – but I also understood that a majority of validators would need to upgrade to receive any.
Sheesh, will you people upgrade already. I am dying to see if p90 zero slot latency is possible with 2.1.11 scheduler improvements
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The early @FogoChain pitch got hit with these doubts:. • Lacking a leader with large X following .• No core engineering team.• Can’t make big enough performance leaps.• Too many forks drowning us out.• Fogo is a steakhouse . And here we are. Time to sprint to Mainnet.
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-100% Firedancer.-Limited Permissioned Validator.-Multi-Local Consensus.-Follow the Sun CoLo.-Enshrined Oracle and Perp Dex.-Zero Sandwich.-40ms block times. “Just another Solana fork”. Huh? 🤔.
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Ok so @monad_xyz wins the crown for a Testnet launch. Seems like lots of cool stuff to do, tons of activity, etc. They really nailed it. 👏. If @FogoChain had years under our belt and a huge team maybe we could replicate that – but we’re working with months and I don’t want to.
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And there you go, Fogo Discord. Hope you enjoyed the art!.
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My goal from the start with Fogo was to build a superior L1 in performance, while taking a different approach:. - Minimal raise, mostly from @echodotxyz investors .- Contribution from established teams, like @DouroLabs and @0xdoug and @FluxBeamDEX .- Purpose build for trading,.
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Fogo: $13.5MM raised. ($8MM @echodotxyz).
No project in crypto needs to raise over $10m. Full stop. I frankly think alot of these big projects (@berachain , @monad_xyz , @AbstractChain, @infinex_app, @movementlabsxyz etc) get their valuations strictly because of the need for BIG capital allocations from large VCs.
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Fogo 🤝 Infinex. The world’s most user-oriented crypto app, @infinex, meets Fogo. @kaiynne and team have built with purpose and clarity – an approach that resonates. That’s why Fogo is launching natively on Infinex Connect from day one.
Fogo 🤝 Infinex. Fogo is launching natively on day one with @Infinex Connect. Passkey wallets. A renewed user experience. All in one place. Patrons rejoice. D̴e̴g̴e̴n̴ dive into the entirety of the Fogo ecosystem directly from your Infinex account.
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Solana has reached heights few ever predicted. We know, as we were supporters from the start. And we applaud and respect everybody who has gotten Solana to the place it is today. They’ve executed on their vision, are hugely positive for the entire space supporting builders,.
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A few notes on this: . (1) continuing the effort to be max transparent. (2) stay tuned for more details on the foundation plans – but that allocation is obvio all about ecosystem and community development with you all. (3) I value the right experienced advisors/partners. One.
Current snapshot of Fogo token allocations as of today, subject to change given future activities by the foundation and contributors. Also, in case you were wondering, there will be no staking of locked tokens for rewards.
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Fogo and Monad? Seems we have a lot of cross-over in our community which is cool. I’d say this:. 1) Given they’re EVM with global consensus and tons of apps, and we’re SVM and taking a diff approach on many levels – don’t really see competition there. 2) Both trying to push.
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I heard @megaeth_labs was breaking wallets in Testnet as they weren’t built for that frequency of updates??. Kudos to our EVM cousins in speed for pushing the boundaries of performance. Fogo right behind you. 🏎️.
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If somebody whose token is down over 50% from a high wants to criticize Fogo investors on @echodotxyz that came in $100mm valuation – I’ll be here all night to respectfully discuss that.
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Now that the Fogo Testnet Explorer is out and showing 40ms blocktimes – I'm getting flooded with inbound asking how we achieved this game changing performance. This is one of our most guarded secrets – and I promised the team I wasn't going to give it up. But then again, I am.
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Dear MegaETH, . Ignore the L2 block haters – they’re not your audience. Your audience are traders who will ask (1) how often they can update quotes, and (2) where can they CoLo. From what I understand, you’ll be able to answer those questions satisfactorily. Good luck, .Fogo.
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I grew up in a world where every year tech gets faster and the fastest UX becomes the standard. The internet, phones, whatever. Remember having to wait for a web page to load? Ugh. The bet on @FogoChain is as simple as that. Time to go faster.
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Getting asked what our plan is for attracting apps to Fogo? . We’re fortunate that 2 of the major partners have a top Oracle and DEX in their quiver. That’s means Day 1 we’ll launch with those performing at speeds not seen before – and with the smoothest onchain trading.
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You guys about ready for me to shut up and see if this thing actually works and is as fast as we say it is?? Yeah, me too. Time to explore Fogo Testnet.
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Day #6 of Fogoart until Discord. It occurred to me if my daughter was ever asked from her pov what it takes to launch a blockchain, her answer would be: . “You just FaceTime some friends and then some other friends draw funny cartoons with your logo – and it’s as easy as that!”
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Few comments on Testnet:. - Instead of waiting to put all the bells and whistles on this for the public – we decided to get it out in a working state for builders to build ASAP. - This is also part of building in public so you’ll all be able to watch all the features get added.
Attention Builders: Phase 0 of the Fogo Testnet is now live 🔥. During this phase of the release, the chain will be permissioned as we work with a select group of elite developers to lay the foundation for the best onchain trading experience ever built. In devnet, Fogo achieved
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Day #5 of Fogoart until Discord. Seems to be stepping up her game a bit given all the amazing art we’ve been getting back in comments. Thanks for that!
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🙏 Thank you. Proud that Fogo got through “fair and square”. Not easy to do….
.@FogoChain is the next Pre-TGE project selected from the Yapper Launchpad!. Voted for by all of you - their leaderboard coming in 7 days time 🫡
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Fogo solves the blockchain trilemma by rotating consensus in 3 data centers. And then: performance, performance, performance. Solved. Time to go faster.
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Don’t launch a new L1 unless you can better the “Top Dog” – which is Hyperliquid for trading. We plan to be better in 8 areas. First 3?. (a) 40ms blocktimes vs 70ms blocktimes .(b) 3 data centers rotating consensus vs only 1.(c) Independent oracle vs (well, you know). Fogo.
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I started tweeting just a few months ago with only 100 followers with the goal of learning and sharing positively. A few months later, I’m at nearly 4k followers! What did I learn?. You get way more followers arguing with haters than any of that positivity BS! ❤️.
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If you guys want to learn how blockchains work, then there are amazing technical voices like @aeyakovenko and @keoneHD @0xdoug and @jayantkrish @jarxiao and @heliuslabs you should follow. I’ve learned a ton from them. But I come from sales/trading and I simply realized.
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Dear Future Fogo Validators,. Using @doublezero is a 100% requirement. Why?: . (1) Fogo will use every tool that optimizes for speed. (2) Validators on DZ Testnet signal that they “get it”. (3) I don’t want to answer what the benefit is (or isn’t) to Fogo if 100% of.
Full episode with @Austin_Federa out now! @whosknave . We discuss:.- @doublezero update .- The future of @solana.- The rise of alt L1s .- How to remain competitive .- Does decentralization matter? .- Tokenization, Firedancer & more! . Timestamps:.00:00 Introduction .01:23 An
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More on Fast Finality on @FogoChain :. Settlement delays are a major driver of leverage and risk in financial systems. While assets are stuck in “purgatory” awaiting settlement, capital sits idle, unable to be redeployed. This inefficiency fuels excessive leverage, inflates.
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The fastest, cheapest chain is where it’s at. All the other smart things people say about chains is kinda irrelevant. And a lot of capital, brainpower, and community gets built around the top dog – such that it can sustain even after it gets surpassed. But it will.
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Don’t fade HL as they’ve only had success in perps and not their broader L1, yet. Remember that Jeff Bezos started by selling books. Founders who dominate one thing often figure out how to win elsewhere (assuming they didn’t decentralize too fast and still have influence over.
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So I’ve been following the Solana/L2 debate for months now. Really listening to both sides objectively to try to form a conclusion. And after careful consideration, this is where I landed: . Launch the fastest L1 in the world and stay out of it ⚡️🔥.
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I love the free Fogo mentions and we’re fine to be your boogeyman until the next inflation vote – but I’m a bit surprised at all the Fogo attention for the following reasons: . (1) Fogo is not in Testnet yet. Hyperliquid is live today and eating everybody’s onchain trading.
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Day #3 of Fogoart until Discord . This is her plan of the first Fogo conference (apparently in our backyard). There will be no panels – but there will be a super fast mechanical bull, and a water balloon fight, and hide and seek.
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Day #2 of posting Fogoart until the Fogo discord “exists”. My daughter asked to pass along that the bullish eyes are “not financial advice”
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Encouraged by all of the followers and enthusiasm and cool art in our Fogo Discord!. I’m told a lot of those are bots though so don’t believe the headline number. Further to that: .-Some teams promote misleading numbers . -Some teams let misleading numbers and facts.
FOGO - DISCORD ROLES 🚹. @FogoChain Discord was opened almost 2 weeks ago with it's community roles program, where you can get a special role for your contributions. So let's check what roles you can get:. 1. Fire Starter.Once you join Discord and verify, you get this role. From
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If @chameleon_jeff said a year ago he’d build a new L1 that would be crowned the decentralized Nasdaq by Novo on CNBC – the laughter and reasons he was “ngmi” from the status quo chains would be deafening. Trust me, I’ve heard them all. Yet here we are. Their success is.
Novogratz on CNBC talking about Hyperliquid today. It's easy to understand and growing massively. They own $HYPE.
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I’ve been saying that 10ms block times is going to enable use cases like we haven’t seen before. Enter @megaeth_labs on the EVM side who seems poised to hit those block times. We actually haven’t gotten down there yet, and they’d be classified by some as a competitor to.
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Fogo is being built for traders, by traders.
traders are easily the most important user group in crypto - not creators, not devs. if traders don't see value, creators & devs don't eat and go elsewhere. so if you're tokenizing anything, traders come first.
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Worth reading the below if no time to read the full Fogo whitepaper 👏.
It appears there is no taming that fogo 🔥. Pretty bullish on what @FogoChain and @RobertSagurton are building. Pythians have been curious so here's a 🧵 about this hot upcoming L1
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Nobody is saying: “Crypto’s biggest problem is that our L1’s need more validators!”. Or giving an intelligent discourse on why 1000 validators is offering specific protection over 50. Yet 1000’s of validators in global consensus is what has limited L1’s the most. The speed of.
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I think I reached out to 96% of crypto players over the last year and told them the Fogo story and invited them to partner. If anybody is not on that list it’s likely because they rejected it (for one reason or another). And after that point, my duty is only to my current.
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Sucks that so many people lost money on $LIBRA. And easy to just blame the gambling mentality and move on. But this is the kind of thing that lights a fogo under the ass of our team at @FogoChain . We wake up asking: How do we enable a better experience for traders?. And.
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i truly believe that the perp DEX that will eat the world will be built on Fogo, built by @0xdoug . thats actually all i care about.
i truly believe that the application that will eat the world will be built on megaeth. thats actually all i care about.
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Fogo will permission out sandwich attacks. Not only because front-running is wrong and shouldn’t be part of any serious trading environment – but also because it’s a distraction. The amount of endless conversation/solutioning takes away from positive progress elsewhere.
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One day another chain is going to outsmart us and surpass Fogo in speed. Meaning, traders will be able to update/cancel quotes faster onchain on this new L1 (which is the first question pro traders ask). We hope at that time we have a loyal network effect and have reinvented.
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If you’re a trader on a slow blockchain and get arb’d by faster – the decentralization Gods aren’t going to give you a rebate because it has more validators. Or because some guy on the internet said it was censorship resistant. A loss is loss. Blocktimes matter.
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The advantage to building the Fogo L1 in congruence with the DEX/Oracle partner is now knowing what it all translates to in real UX. Questioning our blocktime? Let me tell you exactly what additional benefit it provides for traders relative to what’s available today. ⚡️🔥.
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Just imagine if you purpose built an L1/DEX around @PythNetwork listings so you can immediately trade those (with leverage)? 🤔.
3 days, 3 day-1 listings within minutes of TGE 🫡. A sight to behold when you know what this involves!. Kudos to the @PythNetwork Price Feed Council (7) members . Kudos to the (100+) market data publishers . Wouldn't be able to be the Universal Price Layer without you 🔮
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I don’t think about competition.or winning. I think about how we get from where Fogo is today in Devnet – to a live Mainnet offering a trading environment that means we can no longer be ignored by the biggest players in TradFi. Lots of work to still be done.
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Bit of old news at this point – but just read all the positive feedback on the @echodotxyz round for @FogoChain and glad that the experience went well for so many. And good to see @cobie public again!.
Feels like work on scaling and product changes were well received. (1) Handled load much better. Site didn’t crash when everyone tries to insta-buy together. Basically no slowness at all. (2) Starting the initial buy at $1000 lets way more people in, then increasing it to.
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Day #4 of Fogoart until Discord. No idea why she put the question mark. But got me thinking about trading native BTC on Fogo via a bridge – and how we represent that honestly given the nuances of guardians, etc. Kids’ minds work in mysterious ways.
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Fogo dreams of being in a position where the President launches a token on our L1 and we experience some congestion/fee spike that we have to fix. It’s called a “good problem to have”. (Not to say we won’t do everything in our power pre-launch to avoid that).
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Ok so Fogo is a brand new permissioned L1 that’s compelling 100% of a limited number validators to run the Firedancer open source code in a unique multi-consensus architecture – whereas our peer L1 has 1000’s of permissionless validators that make their own upgrade decisions, and.
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Ok crypto people, I’ve listened to too many bad takes on price discovery onchain. Time to lift the kimono and expose the “game” of modern trading. First, price discovery is a complex thing that’s very asset and location dependent. Studies have been done on the stock prices of.
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Safe to say that the sub-50ms goal I’ve been yapping about achieved “consensus” in SVM last week. Started with the MCP presentation touting 20ms blocktime potential – and ended with the @magicblock announcement promising sub 50ms app performance. The biggest players in the
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The 40ms Fogo blocks WILL have consensus and WILL be used by DEX’s with confidence for execution events – such as auctions every 40ms. Finality will also be achieved in the ≈ 1s range on Fogo, as we are NOT an L2. I respect @0xBreadguy but disagree on the below – as I.
Clemente: "Why would an app build on Mega vs Solana/Sui/Aptos?". If we think we're moving to an app-led future then it would reason that apps will select the underlying infra that creates the best app possible. I ask you: what is more critical to app UX than the responsiveness?.
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Not my financial advice, but the only day you could have executed this was Jan 23, 2025 when we did the Echo round, as token not yet launched. If you followed his tip that day – you would have shorted $SOL at $257 and bought FOGO at $100mm valuation. You’d be up 50% on the.
@CatfishFishy Then you should short SOL and long FOGO.
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People see the Fogo team and assume we’ll be positioned to accept 90% of the demands of our ex Banking colleagues when they come knocking on public chains, tokens, RWA, etc. While the real advantage will be rejecting 90% of them – and knowing which 10% to take seriously.
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2025 will be the year we realize traders care more about more about liquidity fragmentation than they do about decentralization.
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If you we’re an SVM fan, starting with a clean slate, and you’re only goal was to surpass HL in perp DEX volumes in 2025 – you’d partner with @ambient_finance and @PythNetwork and build the Fogo L1 exactly as we are. Who disagrees or has a better plan?.
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Dear Crypto Twitter – you are not my audience. Dear Crypto Traders – you are my audience. Your opinions will be seriously considered. Love,.⚡️🔥.
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When Solana validators are running 100% Firedancer and Solana ditches Global Consensus for Multi-local Conensus – I might agree that Fogo is a fork of Solana. But wait, if Fogo does it first and Solana follows – wouldn’t it be the other way around? 🍴🍴🍴.
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I wrote a “novel” on why and how we’re building @FogoChain . TLDR:.(1) gotta purpose-build the L1 as part of a package to be relevant for the future of onchain trading .(2) global consensus is limiting .(3) multi-local is the best of both worlds.(4) time to go faster.
What if you were a whale sitting on $20MM worth of $RAY and wanted to sell that and buy $20MM worth $SOL right now?. The ideal is you could just snap your fingers and have that done at the mid-price immediately with zero slippage/market impact, right? And actually, if you’re a.
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I talk a lot about the traction of HL given its most similar to what we’re building, but the other trading success you can’t ignore this year is @Backpack – which took a whole different (arguably harder) approach and really impressing in volumes. Extra points for.
Season 1, Week 3. • $4.1B in total spot + perps volume.• $950M in 24h perps volume -- new ATH.• $113M in open interest -- new ATH.• 46K unique traders. Congrats You guys broke the leaderboard. It doesn't matter. Show us your points. 👇.
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Whether a chain is launched or not, if you’re setting expectations with the community on future scale improvements, you owe them transparency. Builders and traders need to know exactly what and when to expect on performance to make plans today. Our approach at @FogoChain -.
Fogo engineers haven't slept. Devnet experiments are heating up. ✅ 40ms block time + 54k TPS
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⚡️🔥.
The wait is over. The next groundbreaking innovation in blockchain performance is here. Introducing the Fogo website and whitepaper:. Join us as we push the boundaries of speed, throughput, and physics ⚡️🔥
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Can your L1 close the gap on Hyperliquid’s decentralized Nasdaq crown, without the need for an L2 or Network Extension?. Keeping in mind HL is at 70ms blocktimes and has enshrined/CoLo’d components, etc. The answer for Ethereum and Solana are “no” in their current states.
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Success of the chain I want to deploy isn’t the price of the token or fee revenue or any of that. It will be more: Did we give our traders the best chance to express their views/protect themselves in a crazy market like yesterday?. I happen to believe minimizing blocktime is.
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Fogo will NOT have sub millisecond finality, or even sub millisecond blocktime. We wish. Currently testing at 40ms blocktimes which gets us to sub second finality, at best. Apologies for any confusion there.
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Day #7 of Fogoart until Discord. Not sure what she’s depicting here tbh. But maybe a good reminder that you don’t kick people when they’re down. Even in that all too familiar situation of a capivara atop a dead crocodile.
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LPMF (Liquidity Provider Market Fit). HL has shown us that’s the first “fit” that matters to solve for healthy onchain trading. And LP’s/vaults need to update their quotes faster than every 100ms to provide deep, tight liquidity. Fogo will have LPMF.
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Fogo Testnet Update: External RPC partner @FluxBeamDEX now running Testnet. I invite them to give updates from their accounts when they have them – the good and bad of what they’re experiencing. And thanks for your early support @CloakdDev.
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50k TPS of self-inflicted spam brought Testnet down for hours yesterday. The process of breaking, fixing, and learning has begun on @FogoChain!. Stay tuned for more updates (and dashboard, explorer, and more transparency).
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Origin story summed up nicely by @0xdoug in the below clip. Fogo is simply a bunch of guys not satisfied with what was available in terms of performance. You can either complain – or build something better (so others can complain about you!) 😜.
1-second block times? . NGMI for institutional-grade DeFi according to Fogo founding contributor @0xdoug, from our first Bonfireside chat in the Fogo Discord (which may or may not exist).
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Why do I post so much? Marketing? Commentary on existing chains? . Nope. Mostly to inform our current and future team/community. We are truly decentralized and have people joining everyday and not like we have a single office or these frequent events to inform new aligned.
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Day #9 of Fogoart until Discord. Hat tip to my friend @benbybit for his leadership and transparency today. One of the most genuine characters in the biz. @Bybit_Official will recover stronger.
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Cool to see all the excitement, and there will be more opportunities for supporters to engage, etc along the way - but a raise is just filling the gas tank. And there’s a long road ahead . The congrats should only come when we not only launch the fastest, most scalable.
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Fogo: Multi-local consensus with at least 21 top performing independent validators, in at least 3 separate Data Center jurisdictions, that follow the sun. Fallback to the other 2 DC’s if one gets taken out – and fallback to global consensus if all DC’s get taken out. That’s.
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All this talk of fast finality favors Fogo – as we’ll have the fastest when we launch, but let’s be clear:. 1) Blocktimes can be compared to Nasdaq matching latency – which is 40 microseconds. The “trade” part of the cycle. 2) Finality can be compared to DTCC settlement –.
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If you want to learn/debate about blockchain architecture, I’m not the guy. Fogo has a Labs contributor, and there are lots of technical voices on CT that live and breathe that stuff to learn from. But if you want to discuss how we get closer to TradFi and Binance levels of.
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You can dislike @solana or disagree with @0xMert_’s views, but I challenge you to find another (independent) individual grinding harder for his ecosystem 24x7. He should get the biggest grant of all from the @SolanaFndn given the value he adds.
there is a huge wave of projects migrating or expanding to Solana. if you're one of them, hit me up — I will help with infrastructure, devs, ecosystem connections, GTM, marketing, intros, general advice and solana nuances. accelerate.
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Hyperliquid just took the decentralized Nasdaq title in front of the entire investing public on CNBC, and now people are talking about it flipping Solana?. Where’s the response?. Seems @joaomendoncaaaa the only guy on my TL not ready to roll over. 👏. Fact check this: but I saw.
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