Why are GLW tokens in a Guarded Launch and what does it mean?
Glow is currently in beta, developing Glow V2 to refine its ecosystem.. To ensure the network grows securely and sustainably during this critical phase, Glow tokens are in a guarded launch.
During the guarded launch, Glow uses USDG (USDG-Glow), a wrapped version of USDC (USD Coin) that operates 1:1 with USDC and is held in a secure multisig wallet. This setup ensures funds can be recovered and redistributed in case of a hack, adding an extra layer of security while keeping Glow (GLW) and USDG tokens fully transferable.
Key reasons for the guarded launch:
To Ensure Security: Safeguards such as restricted smart contracts, circuit breakers, and secure multisig wallets protect users and the network from hacking risks or unauthorized activities. These measures ensure funds and operations remain secure as Glow scales during its beta phase.
To Build Stability: As a real-world infrastructure project, Glow requires time to scale effectively. Scaling solar farms involves coordinating with multiple stakeholders, managing funding cycles, and deploying technical infrastructure. The guarded launch creates a controlled environment that allows Glow to integrate participants and investments sustainably, ensuring the network grows at a steady and reliable pace.
To Safely Test and Improve the Protocol: Operating the protocol live during the guarded launch allows Glow to gather real-world data about how the system functions under actual conditions. This approach helps identify vulnerabilities and refine the protocol, ensuring it evolves securely and efficiently. The safeguards in place ensure users and the network remain protected while enabling rapid iteration and learning.
The guarded launch ensures Glow grows meaningfully, operates securely, and aligns with its long-term mission while refining its systems through live feedback.
Explore this blog post for a deeper dive into the details of the guarded launch: https://glow.org/blog/glow-guarded-launch