Vaulta Rebrand: Monthly Block Producer Meeting—March 2025

Author

EOS Network Foundation

Date

Mar 24, 2025

Introduction

The monthly EOS Block Producer (BP) meetings aim to foster regular communication among the top 30 EOS BPs, the EOS Network Foundation (ENF), EOS Labs, and other network entities. These meetings facilitate an open dialogue between network operators and custodians to support the mutual development of the EOS ecosystem.

Meeting Overview

The meeting began at 1:00 UTC on March 13th, 2025. 19 BPs attended the call, and a total of 31 people participated in the discussions. The Interprefy tool was used for synchronous translation to facilitate the free flow of information across multiple languages in real-time. Beatrice Wang, Communications Manager for ENF, opened the meeting by welcoming the attendees and expressing gratitude for their presence.

The call was led by Yves La Rose, CEO and Founder of the EOS Network Foundation (ENF). The meeting covered several important topics, including a detailed postmortem on the Defibox lending contract exploit, progress updates on Unicove and smart contract tooling, the strategic direction behind the Vaulta rebrand, and a Q&A session addressing token transition logistics, and exchange coordination.

Defibox Incident – Postmortem & Path to Recovery

Raven gave a detailed statement on the Defibox lending contract attack that occurred on January 11, 2025. He outlined the full timeline, technical attack vector, financial losses, and the response measures taken in the aftermath. The attacker exploited the contract’s notify mechanism alongside an execution order vulnerability, leading to a total loss of approximately 2.64 million EOS. This included 1.4 million EOS, 48,000 USDT, over 4.3 billion BRAM, and an additional 4,000 USDT. The most significant losses were in BRAM and EOS, each valued at over one million EOS at the time.

In response, the team launched an emergency protocol, applied contract fixes, began tracking the attacker’s movements, and enabled lending withdrawals. Raven also detailed the refund plan, which includes defined eligibility rules, cost-reduction strategies, a donation mechanism, and transparent progress reporting with future updates still to come.

Middleware Momentum – Tooling, Contracts & UX Improvements

Aaron Cox followed with a broad update on technical progress across Unicove, smart contract tooling, and infrastructure. Over the prior two months, Unicove had received major improvements, including localization in new languages with more in progress. On the developer side, smart contract features such as multi-signature proposals, improved permission management, and expanded transaction and account activity tracking were deployed. New account creation tools and internal contract libraries are under evaluation for potential promotion to system-level contracts. These new system contracts are designed to be read-only and complementary, not replacements. Aaron also noted ongoing efforts to replace legacy APIs and enhance the wallet experience with support for social logins and hardware integration—steps taken in parallel with the rebranding initiative.

Yves La Rose added to the discussion by highlighting Unicove as the network’s most user-friendly interface for token holders. He encouraged using Unicove links instead of legacy block explorers and pointed to the advanced functionality accessible through its settings. Community feedback is welcomed and encouraged as Unicove continues to evolve.

Rebrand Update – Vaulta Emerges

Yves then turned to the strategic rebranding effort that has since culminated in the announcement of Vaulta, the forthcoming rebrand of EOS. The rebrand had been in development for six months and involved extensive stakeholder collaboration. From a shortlist of candidates, the name Vaulta was selected for its symbolic resonance with blockchain security, transformation, and future-focused utility.

The rebrand marks a shift in positioning: from EOS as a general purpose smart contract platform to Vaulta as a pioneer in Web3 banking. This new direction focuses on four key pillars: Wealth Management, Consumer Payments, Portfolio Investment, and Insurance. The upcoming token swap will be a straightforward 1:1 exchange. Exchange coordination is ongoing to ensure a smooth user transition.

The announcement of Vaulta and its forthcoming token ticker is scheduled for late May, in close coordination with approximately 20 major exchanges—including tier-one platforms such as Binance, Coinbase, Upbit, and OKX. These milestones will be followed by strategic alignment events culminating in a keynote product showcase in Las Vegas during Bitcoin2025.

Read the official announcement blog: Opening the Gateway to Web3 Banking

Q&A Session – Rebrand Logistics, Exchange Coordination, and RAMX

During the open floor Q&A, participants raised several questions related to the Vaulta rebrand, token transition mechanics, exchange coordination, marketing plans, and RAM development.

On the on-chain transition, it was confirmed that the token swap will follow a 1:1 bi-directional model for a four-month period, allowing users to swap freely between EOS and Vaulta. After that window, the swap will become unidirectional, enabling conversion only from EOS to Vaulta. Documentation has already been shared with exchanges and applications to support implementation.

In response to a question about what happens if users don’t swap in time, it was clarified that conversion will still be possible after the four-month window, but only one way—from EOS to Vaulta. The team emphasized the simplicity of the process and its support across the ecosystem.

Regarding marketing and PR efforts, it was shared that the Vaulta name was officially announced on March 18, with campaign activity planned through the end of May. This includes coordination with exchanges on staking initiatives, trading competitions, and other promotional efforts, some of which are still under wraps due to ongoing planning.

Huaqiang of EOS Labs addressed a question about RAM and RAMX. He confirmed that an update to RAMX is in the works, with a phased rollout planned, though the timeline is yet to be determined. Bitcoin gas fee rewards have already been distributed to RAMX holders. With RAM prices rising, the goal is to make participation easier for liquidity providers. While RAM development will continue, it is currently a secondary focus as resources remain centered on the Vaulta transition.