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CEDAR DAO OFFICIAL UPDATE
Following developments over the 18 months since the launch of Cedar DAO, the project has now entered a period of trusteeship.
As we move into this next stage, this provides an appropriate opportunity to explain what the trusteeship means, set out the immediate path forward and place on record a number of longstanding matters that have now been subject to extensive disclosure and independent third-party review.
The Trusteeship
The trusteeship was established during the transition from the former management structure to the community-elected interim committee. Its purpose was simple: to act as an emergency safeguard while the interim committee created the permanent legal and governance structure required to place the project and its assets into genuine community ownership.
It was always intended as a backstop, with the expectation that it would never need to be used. The trust provides no individual with ownership of, or beneficial entitlement to, project assets. Its powers exist solely to protect the project on behalf of the community and, wherever practically possible, complete the original objective of transferring those assets into an appropriate legal entity representing token holders.
For approximately 18 months, those powers were never exercised.
On 30 September 2026, after it became clear that the original mandate could no longer practically be completed through the interim structure, the trustee activated the trusteeship for the first time and dissolved the interim committee.
The trusteeship is not intended to become a permanent management structure. Its role is to protect and stabilise the project while progressing the transition towards the decentralised community ownership originally intended.
Closing the Historical Record
This transition also provides an opportunity to place several longstanding historical matters clearly on the record.
Over an extended period, substantial corporate documentation, financial and payment records, historical communications, agreements and other supporting evidence relating to different stages of the project were made available for independent third-party review, including to directors, legal advisers and other appropriate parties involved in reviewing the project’s historical record, with certified copies of relevant corporate documentation available upon request.
This process allowed a number of longstanding matters to be independently reviewed and clarified by reference to the underlying documentary record. The conclusions arising from that process were communicated amongst the relevant parties and form the basis of the factual record set out below.
The underlying documentation and supporting evidence will remain preserved and available upon appropriate request to future Cedar Foundation directors, supervisors, legal advisers and other appropriate parties, ensuring that the conclusions recorded here remain capable of being independently examined against the source material in the future.
The principal matters confirmed through that process are set out chronologically below.
1. Founder and Founding Team Tokens
At EverGrow’s launch, an allocation of tokens was made to the founder and his founding team and documented in the original EverGrow whitepaper. Those tokens were held without restrictions upon their subsequent transfer or distribution.
The tokens were later formally transferred under a documented agreement, a copy of which was provided as part of the review. It has been confirmed that the transfers were made by the authorised parties and in full accordance with the agreements governing those tokens.
Over approximately the following three years, the founder and founding team tokens were distributed amongst numerous parties, including team members, staff, contributors and others associated with the project. These distributions were made at the discretion of the respective token holders, who chose to use significant portions of their own allocations to recognise and reward those who contributed to the project.
2. EverGrow Marketing Ltd and Project Administration
In September 2022, operational responsibility for the project was transferred into EverGrow Marketing Ltd, together with the operational and marketing assets and controls required to support the project.
From that point, Sam Kelly served as Chairman of EverGrow, overseeing the project through EverGrow Marketing Ltd until the subsequent transition to the community-elected structure.
The corporate documentation covering this period was made available for independent review and records the structures through which project assets, expenditure and operational responsibilities were administered.
3. Historical Project Expenses
From shortly after launch until the project’s migration into Cedar DAO, significant project expenses were personally funded by Sam Kelly from his own bank account.
In November 2023, it was publicly communicated that $20,000 per month would subsequently be paid from marketing funds to repay accrued project expenses and cover continuing expenditure being personally funded, with only any remaining balance constituting salary.
As part of the subsequent disclosure and review, a complete accounting ledger and supporting proof of payment were provided documenting 510 individual project expenses totalling approximately $275,150, personally funded during this period.
4. Atlas Wallet
Atlas Wallet Development and Community Entitlement
Atlas Wallet was developed through Wallet Enterprises Ltd as an independently branded decentralised wallet, designed to appeal to the wider crypto market rather than being tied to a single token or community. When development of Atlas was publicly announced, extensive communications set out both the structure under which it would be developed and the rationale for establishing it as a separate, independently operated commercial product.
A subsequent community poll supported the transfer of approximately $1.2 million equivalent in crypto assets to Wallet Enterprises Ltd for Atlas’s development. The proposal also provided for the company to raise further capital if required, with the potential for future dilution, while protecting the community’s entitlement to 50,000 non-voting shares, representing the company’s entire issued share capital at the time. The poll received more than 90% support both by participating individual wallets and participating token weight.
Corporate records confirm the transfer of the funds and that Wallet Enterprises Ltd amended its Articles and filed a Resolution protecting the community’s entitlement to the 50,000 shares. That entitlement has no expiry or time limitation and remains in place until the shares can be transferred to an appropriate legal entity representing the community.
The structure therefore allowed Atlas to develop independently and access future investment while preserving the community’s agreed ownership entitlement.
5. Project Liquidity
Although project liquidity was not itself a matter under question, its security and accountability are fundamental to any cryptocurrency community.
Independent blockchain analysis, together with the publicly available on-chain record, confirms that 100% of project liquidity can be accounted for from the original EverGrow launch in September 2021 through to the migration to Cedar DAO in May 2025.
At migration, that liquidity was transferred in full into the new Cedar DAO liquidity pool, which launched with 24,992 SOL, valued at approximately $3.7 million at the time. Custody and operational control were subsequently transferred from the former management structure to a multisig controlled by members of the newly elected interim committee.
May 2025 marks the end of the period covered by this historical review and should not be interpreted as implying any conclusion regarding the subsequent period.
6. Transition to Cedar DAO
The transition to Cedar DAO in May 2025 formally ended the former management structure and transferred responsibility for the project to a community-elected interim committee.
The former Management Team consisted of Sam Kelly, the CTO, Rocket and Cody. Neither Sam Kelly nor the CTO stood for election to the interim committee. Rocket and Cody did stand and were elected, alongside nine other community-elected members, forming an 11-member interim committee.
From the launch of Cedar DAO, all committee servers, groups and operational discussions were accessible exclusively to elected committee members. No individual outside the committee had access to internal information or influence over project operations, liquidity management, expenditure, resources, governance or day-to-day decision-making.
The handover therefore marked the end of the former management structure and placed full responsibility and operational controls for Cedar DAO with the newly elected interim committee.
Historical Record and Closure
This process has allowed longstanding questions relating to the former management period to be addressed through the underlying corporate, financial, documentary and blockchain record, providing greater clarity and closure as the project moves forward.
While there were significant and acknowledged failures in delivering the project’s development objectives, the records covering September 2022 through to the May 2025 handover demonstrate that the material representations made to the community concerning these matters were consistently supported by the underlying corporate and financial record. This included commitments concerning project resources, community protections, ownership and the transition towards a genuinely decentralised, community-owned structure.
Taken together, the documentary, financial and blockchain record demonstrates that project liquidity and financial resources were fully accounted for throughout the period covered by this review, and that community protections and ownership commitments were administered consistently with the structures and commitments communicated to the community.
Looking Forward
Having now extensively disclosed and independently reviewed the corporate, financial and documentary record of the former management period, it should equally be acknowledged that important questions remain regarding the subsequent 18 months.
These include the depletion of project liquidity four months into the interim committee’s tenure, the subsequent breakdown of the committee and governance structure, the cessation of community voting, the deterioration of community social spaces and the circumstances that ultimately led to the activation of the trusteeship.
The community is entitled to the same standard of transparency and independent scrutiny of these matters as has now been applied to the preceding period.
For the immediate future, however, the priority is to look forward: to stabilise Cedar DAO, protect its remaining assets and resources, rebuild its community and establish a sustainable path towards the decentralised community ownership originally intended.
The historical record will remain preserved, allowing outstanding matters to be revisited transparently if and when the community wishes to do so.
For now, the focus is on rebuilding Cedar DAO and securing a positive, sustainable future. Work towards these objectives is already underway, and further communications will follow once the next steps have been finalised.
🚨 VERY IMPORTANT CEDAR DAO UPDATE – PLEASE SHARE 🚨
As the Trusteeship continues its review of the DAO’s financial position following the period of Interim Committee control from May 2025 to 30 September 2026, it has become apparent that significant project resources were expended, much of which we do not yet have transparency on.
Our most pressing responsibility is therefore to dramatically reduce costs and preserve the remaining funds, giving Cedar DAO the longest possible operating runway.
This means ensuring we can continue the Foundation, maintain essential community functions and, importantly, remain operational so that if and when Cedar DAO’s allocated shareholding in Atlas Wallet acquires value, the community is in a position to receive and benefit from that value.
With this in mind, we are announcing two important changes:
1. CEDAR DAO MIGRATION CLAIMS WILL PERMANENTLY CLOSE ON 30 DECEMBER 2026
If you have not claimed your Cedar tokens from the EverGrow-to-Cedar migration by this date, they will no longer be available to claim.
This is not a decision we had hoped to make. However, maintaining the claim infrastructure and the security layers underpinning it is costing the community thousands of dollars each year. An updated security audit would also inevitably be required, potentially costing tens of thousands more.
This expense can no longer be justified for the very small number of outstanding claims, whose remaining monetary value is lower than the cost of continuing to maintain the claim infrastructure.
By the deadline, the community will have had more than 20 months to claim, which we believe represents a fair and reasonable opportunity.
If you have unclaimed tokens, please claim them as soon as possible. If you know somebody who may not have claimed, PLEASE SHARE THIS POST WITH THEM AS A MATTER OF URGENCY.
2. EVERGROW MAN NFT COMPETITION CLAIM PERIOD CLOSED
Almost two years have passed since the original competition winner was drawn.
The original winner was given a full year to claim their prize. Despite this not being required under the competition terms, a second draw was subsequently conducted, and that winner has now also been given approximately ten months to claim.
Given the urgent need to preserve Cedar DAO’s remaining resources, we cannot justify keeping this liability open indefinitely. Paying the prize now would materially reduce the Foundation’s remaining operating funds and significantly shorten its financial runway, despite the original claim period having long since expired.
The claim period is therefore now permanently closed. The funds will instead remain with the project and go directly towards supporting the continued operation of the Cedar DAO Foundation.
These are not decisions we have taken lightly. Our responsibility now is to protect the resources that remain, dramatically reduce unnecessary expenditure and give Cedar DAO the greatest possible opportunity to survive and ultimately deliver value back to its community.
The trusteeship has carried out a basic accounting exercise of the current Cedar DAO project assets and can confirm the following:
• BSC Operations Wallet: 0x3CCC1F1CEC8bA7Fec0F1F6189d8F2B4917736CC1 (Safe Wallet)
bscscan.com/address/0x3CCC1F…
117.56 BNB ($87,415)
$60,136 USDT
• Cedar Rewards (Legacy) Wallet: BKB8hQSjSm2PJ3hmZg2mAhqDMPfuBEEGEV8gfa1S39y6 (Squads)
solscan.io/account/BKB8hQSjS…
856.85 SOL ($94,639)
10,870,000 Cdr ($34,233)
• Cedar Treasury Wallet: 6Mag2XDSCpJJLcWosiutw3g3s1y9vgH5ZNJQKT8Q6Bpr (Squads)
solscan.io/account/6Mag2XDSC…
2.55 SOL ($281.89)
32,850,000 CDR ($103,401)
• Sol Operations Wallet: BCR7bYoBt6DRuj6YXZHHDaKxKTGnvbum8zxAfQsWWPPx
solscan.io/account/BCR7bYoBt…
12.79 SOL ($1,412)
1,196,748 CDR ($3,766)
• Harvester Rewards Wallet: 3o61UvQYoeNUvR3cxESQZTQMLDRXJ2jhsreRjpDZZBvP
solscan.io/account/3o61UvQYo…
0.99 SOL ($110)
2,190,000 CDR ($6,913)
• Cedar Vault Wallet: iTjMKvxktR8QGtaxeweUMBh99daZ5RxZa92iQ7ZV51U (Squads)
solscan.io/account/iTjMKvxkt…
0.5 SOL ($55)
175,000,000 CDR ($550,812)
• Claim Pool Wallet: mSnHsUWJw1va9dwK1qq5QqwCrto7HAe1DHaq5UmgoHZ
solscan.io/account/mSnHsUWJw…
0.99 SOL ($111)
7,562,353 CDR ($24,020)
• Liquidity Pool (Pair Address):
E36cUEJLfPYBPtQiXLAM9aVGejtQG4vs2aArd41JxnLD
solscan.io/account/E36cUEJLf…
1,746 SOL ($193,930)
62,330,246 CDR ($197,978)
Please note, at this stage we have no access to any accounting records for the period since Cedar DAO launched in May 2025, so this is a live snapshot of project owned assets, based on today's USD values only.
These assets remain under the original multisigs controlled by former community-elected committee members, not the trusteeship, but we do consider them secure.
Further updates to follow.
CEDAR $CDR CLAIMS RESTORED
The trusteeship was recently made aware that, for at least the last two weeks, holders have been unable to successfully claim their Cedar DAO tokens from the original May 2025 migration.
Having investigated, we can confirm that the claimpad is functioning as designed, but the SOL needed to power claims had been depleted and had not been topped up.
This has now been resolved, and claims are processing successfully.
cedardao.com/claim/
Atlas is currently a pre-revenue start-up.
Cedar solana:HZqjjeso24PDVdLsVJQyVb8kDnbo7HhXfY1Jane66o9C holders have a contractual entitlement to 50,000 shares in Atlas. At present, only one share in the company has been issued, meaning those 50,000 shares would represent approximately 99.998% of the issued share capital. However, future dilution is certain, so holders should not expect to maintain that level of ownership.
Due to CedarDAO’s unresolved corporate issues, we have not yet been in a position to exercise that entitlement and take ownership of the shares. However, the entitlement is contractually guaranteed and has no time limit.
Ultimately, the value to Cedar holders will depend on the success of Atlas. If Atlas develops into a valuable business, Cedar holders would benefit through their shareholding, whether through future dividends, an eventual sale or exit, or another mechanism through which shareholder value is realised.
Atlas Wallet community beta reopens October 16th.
Atlas has today provided a major development update ahead of the reopening of its community beta.
This is far more than a conventional app upgrade. Over the past year, Atlas has undergone an extensive ground-up rebuild, replacing much of the architecture beneath the wallet while substantially expanding what the platform can do.
The rebuilt Atlas introduces support for 16 blockchains, powerful new Markets and TradingView functionality, multi-wallet dApp browsing, expanded on-chain and cross-chain swaps, advanced watchlists and price alerts, rebuilt NFTs, improved privacy and security, and an entirely new on-device data architecture.
Community testing of the rebuilt Atlas Wallet begins October 16th.
The full development update can be read below. ↓
Atlas Wallet End Q3 Update - Community Beta Is Reopening.
Here's what's new:
Rebuilt From the Ground Up
For much of the past 12 months, Atlas Wallet has been behind closed doors in an internal management beta while we undertook by far the biggest development cycle in its history.
We haven’t simply added features. Atlas has been rebuilt from the ground up, with almost every screen and flow replaced or substantially upgraded, an entirely new data architecture underneath the app, seven additional blockchains and a major expansion in functionality.
So, what have we been building?
1. A Smarter Way to Start
We’ve completely reimagined wallet importing to solve one of crypto’s most frustrating problems.
Import a recovery phrase into another wallet app and accounts you expected to see can simply be missing. Atlas now searches the common ways different wallets derive accounts, finds the accounts behind your recovery phrase, checks them for funds and lets you choose which ones to import. Already imported accounts are recognised rather than duplicated, and users can continue searching for additional accounts where needed.
Private keys can create wallets across every supported chain that key can access, while watch-only addresses are recognised automatically and tracked across every compatible chain.
We’ve also added Guest Mode, allowing Atlas to be used without a wallet at all, alongside a new wallet picker across Markets, coin pages, Swap, the browser, Connected dApps and Notifications. Switching wallet updates the experience around the selected wallet in a single tap.
2. A Faster Home Screen and Rebuilt NFTs
The home screen has been rebuilt around the new on-device architecture. Balances can arrive simultaneously across chains, new deposits are discovered automatically, suspected spam and junk tokens are filtered out, including tokens with no real market behind them, such as those with no price or too little liquidity to sell, and users have multiple sorting options, improved token management and one-tap rescanning across enabled chains.
The header now folds into a compact bar as the user scrolls, keeping the balance and wallet in view.
We’ve also substantially rebuilt NFTs. Viewing and sending now extends across 13 chains, collections and media are cached locally for faster loading, Atlas now runs its own media caching layer with a series of fallback sources so artwork loads reliably, and collections flagged as likely spam are filtered out on most chains.
3. Sending & Transaction History Rebuilt
Sending now works through a single experience across all 16 supported chains, with more accurate fee calculation, smarter Max sends and numerous chain-specific improvements.
Transaction history is now stored locally as it’s retrieved, so previously loaded activity can appear immediately. Transactions appear as pending as soon as they’re submitted, update automatically when completed or failed, show the actual network fee paid and link directly to the relevant block explorer.
We’ve also improved everything from address-book integration and transaction filtering to swap and NFT history, tiny-fee display and the way smart-contract interactions are recorded.
4. Powerful Token Research, Built In
The new Markets tab transforms Atlas from simply a wallet into a powerful crypto research tool.
Search for any token on any supported chain, across several chains at once, by name, ticker or contract address, and open detailed research pages showing markets and trading pools, liquidity, supply, market data, price movement, volume, buys versus sells, participating wallets and holder concentration.
Each token shows up to five trading pools to switch between, with price change, trades, buys versus sells and buying and selling wallets broken down over five minutes, one hour, six hours and a day, along with how much of the supply the top 10, 50 and 250 holders own.
From the same page, a token can be added to a watchlist, given a price alert, or sent, swapped or bought, and the chart follows whichever trading pool is selected.
Search itself has also become smarter, ranking results using factors such as volume and verified contracts and displaying key market information before a token is even opened.
Through our partnership with TradingView, we’ve integrated TradingView’s professional charting library directly into Atlas, with drawing tools, technical indicators, candle periods from one minute to one week and chart history extending as far as five years.
Previously, charts were limited to the chains a third-party service supported. Now every supported chain has charts, for any token with trading activity.
Users can now research, analyse, monitor and trade assets across multiple chains without constantly moving between their wallet, charting platforms and DEX screeners.
5. Watchlists, Alerts & Notifications
Watchlists have evolved into a proper market-monitoring tool. Users can create multiple named lists, pin favourites, add an asset to multiple lists and see live prices, movements and alerts alongside their own holdings and fiat values.
We’ve also built a much more comprehensive notification and price-alert system, bringing deposits, withdrawals, swap updates and price alerts into a wallet-specific feed, with push notifications, unread badges and direct links to the relevant transaction.
Users can create multiple price alerts for the same asset, while receiving a previously unknown token can automatically add it to the wallet before the notification is even opened.
Alerts can be set on any token found in Markets, not only ones held in the wallet, and they are checked on Atlas servers so they arrive as push notifications even when the app is closed.
6. A True Multi-Wallet dApp Browser
We’ve rebuilt the Atlas dApp browser around the reality that many crypto users manage multiple wallets.
It now includes searchable browsing history, favourites, persistent connections and a wallet selector directly inside the browser. Atlas remembers which wallet approved which dApp, allowing different wallets to maintain different connections across wallet switches and even app restarts.
WalletConnect has been extensively rebuilt too. Sessions can persist and reconnect correctly, network switching is handled more intelligently, connected dApps can be reviewed and disconnected individually, and Atlas can connect through sites’ own wallet lists or Atlas Connect.
Approval screens now clearly show the site, wallet, requested network, value and fees where applicable. Signing requests are presented in readable form, while unverified or potentially risky domains can trigger warnings.
7. A Bigger, Smarter Swap
Atlas Swap has undergone a major expansion.
On-chain swaps are now supported across 12 networks, with Atlas automatically searching available routes, prices and liquidity. Much of the complexity around route finding, approvals, fee estimation and transaction preparation is handled behind the scenes while the user retains control of final approval.
Transactions can be test-run before confirmation to identify likely failures, quotes and prices continue refreshing as markets move, balances and fees are rechecked before submission, and users receive plain-English errors rather than raw technical messages.
Each network uses the exchange engine best suited to it, and on certain networks Atlas can split a trade across several pools for a better price.
We’ve also significantly expanded Atlas Cross-Chain Swap, adding networks including Base, Robinhood Chain and Arbitrum to an already extensive range that includes Bitcoin.
The result is one of the broadest cross-chain swap experiences available within a self-custody wallet, allowing users to move assets directly between a remarkably diverse range of blockchains without leaving Atlas.
Atlas handles the complexity behind the scenes, including destination addresses, rates, service and transfer fees, balance and network-fee requirements, estimated completion times and refund addresses where required.
We’ve also rebuilt fiat buying and selling. Available provider quotes can be requested simultaneously and sorted by what the user actually receives, while orders are tracked through to completion and provider updates verified within Atlas.
8. More Chains with Less Clutter
Atlas now supports 16 blockchains, up from nine, with Base, Monad, Arbitrum, Optimism, Robinhood Chain, Linea and Gnosis among the additions.
But adding chains shouldn’t mean cluttering the app.
A new Chains screen lets users decide exactly which networks they want enabled throughout Atlas. Disable a chain and it disappears across the experience; turn it back on and Atlas automatically rescans the relevant wallets and restores the assets it finds.
And we’re not stopping at 16.
9. Security, Privacy & Personalisation
A significant amount of work has also gone into parts of Atlas that users should barely have to think about.
The lock, PIN and Face ID experience has been rebuilt, recovery phrase and private-key screens have additional protection, changing a PIN re-encrypts stored keys and phrases, and Atlas can hide sensitive information when the app enters the background.
Settings has been reorganised around the new Atlas experience, bringing together chain management, display currency, security, biometrics, auto-lock, address-book management and connected dApps. Guest and watch-only modes also intelligently remove options that don’t apply to them.
Balances, token lists, transaction history, contacts, NFTs and watchlists are now stored efficiently on the device rather than in a central Atlas database. Screens can open from their local copy and refresh in the background.
10. What You Can’t See
Perhaps the biggest part of the rebuild is the part users won’t see at all.
The old architecture built around a central database monitoring addresses has been replaced by Atlas’s own blockchain data layer.
Atlas can use different data sources for different chains and services, automatically retry or isolate failing providers, intelligently cache shared data and allow unaffected parts of the app to continue operating when an external provider has problems.
Underneath that are new systems for notifications, swap confirmation and alerts; unified chain and networking components; a new on-device database and synchronisation system; shared fee calculators and interface components; encrypted storage for phrases and keys; and an architecture designed to request only the data that has changed rather than repeatedly downloading everything.
Even the less visible systems have been rebuilt: notifications are verified and deduplicated before being sent, suspicious transfers can be filtered, failed provider responses aren’t cached, chart history is intelligently stored and refreshed, watched addresses reconcile automatically, and price alerts are continuously checked in the background.
The result is fewer unnecessary network requests, greater resilience when third-party services fail and substantially less user information needing to exist on Atlas infrastructure.
Our application servers retain only what’s required for services such as notifications and orders, not users’ balances, portfolios or complete transaction histories.
And most importantly, private keys remain on the user’s device, with transactions approved and signed there by the user.
Your wallet. Your keys. Your data.
The Atlas our community testers will shortly receive is very different from the builds they tested previously.
Some of that difference will be immediately obvious: more chains, powerful Markets and TradingView tools, multi-wallet dApps, dramatically expanded swaps, alerts, watchlists and a completely redesigned experience.
But some of the most important work has happened underneath: an almost entirely new infrastructure designed to make Atlas faster, more private, more resilient and capable of supporting what comes next.
And even this is only the headline list. Across Atlas we’ve made hundreds of additional improvements to performance, reliability, security and UX, alongside the countless fixes and edge cases that turn individual features into a polished product.
After the biggest development cycle in Atlas’s history, it’s time to put it back into the hands of our community.
Community beta is reopening on October 16th.
Welcome to the new Atlas!
Cedar retweeted
Atlas Wallet End Q3 Update - Community Beta Is Reopening.
Here's what's new:
Rebuilt From the Ground Up
For much of the past 12 months, Atlas Wallet has been behind closed doors in an internal management beta while we undertook by far the biggest development cycle in its history.
We haven’t simply added features. Atlas has been rebuilt from the ground up, with almost every screen and flow replaced or substantially upgraded, an entirely new data architecture underneath the app, seven additional blockchains and a major expansion in functionality.
So, what have we been building?
1. A Smarter Way to Start
We’ve completely reimagined wallet importing to solve one of crypto’s most frustrating problems.
Import a recovery phrase into another wallet app and accounts you expected to see can simply be missing. Atlas now searches the common ways different wallets derive accounts, finds the accounts behind your recovery phrase, checks them for funds and lets you choose which ones to import. Already imported accounts are recognised rather than duplicated, and users can continue searching for additional accounts where needed.
Private keys can create wallets across every supported chain that key can access, while watch-only addresses are recognised automatically and tracked across every compatible chain.
We’ve also added Guest Mode, allowing Atlas to be used without a wallet at all, alongside a new wallet picker across Markets, coin pages, Swap, the browser, Connected dApps and Notifications. Switching wallet updates the experience around the selected wallet in a single tap.
2. A Faster Home Screen and Rebuilt NFTs
The home screen has been rebuilt around the new on-device architecture. Balances can arrive simultaneously across chains, new deposits are discovered automatically, suspected spam and junk tokens are filtered out, including tokens with no real market behind them, such as those with no price or too little liquidity to sell, and users have multiple sorting options, improved token management and one-tap rescanning across enabled chains.
The header now folds into a compact bar as the user scrolls, keeping the balance and wallet in view.
We’ve also substantially rebuilt NFTs. Viewing and sending now extends across 13 chains, collections and media are cached locally for faster loading, Atlas now runs its own media caching layer with a series of fallback sources so artwork loads reliably, and collections flagged as likely spam are filtered out on most chains.
3. Sending & Transaction History Rebuilt
Sending now works through a single experience across all 16 supported chains, with more accurate fee calculation, smarter Max sends and numerous chain-specific improvements.
Transaction history is now stored locally as it’s retrieved, so previously loaded activity can appear immediately. Transactions appear as pending as soon as they’re submitted, update automatically when completed or failed, show the actual network fee paid and link directly to the relevant block explorer.
We’ve also improved everything from address-book integration and transaction filtering to swap and NFT history, tiny-fee display and the way smart-contract interactions are recorded.
4. Powerful Token Research, Built In
The new Markets tab transforms Atlas from simply a wallet into a powerful crypto research tool.
Search for any token on any supported chain, across several chains at once, by name, ticker or contract address, and open detailed research pages showing markets and trading pools, liquidity, supply, market data, price movement, volume, buys versus sells, participating wallets and holder concentration.
Each token shows up to five trading pools to switch between, with price change, trades, buys versus sells and buying and selling wallets broken down over five minutes, one hour, six hours and a day, along with how much of the supply the top 10, 50 and 250 holders own.
From the same page, a token can be added to a watchlist, given a price alert, or sent, swapped or bought, and the chart follows whichever trading pool is selected.
Search itself has also become smarter, ranking results using factors such as volume and verified contracts and displaying key market information before a token is even opened.
Through our partnership with TradingView, we’ve integrated TradingView’s professional charting library directly into Atlas, with drawing tools, technical indicators, candle periods from one minute to one week and chart history extending as far as five years.
Previously, charts were limited to the chains a third-party service supported. Now every supported chain has charts, for any token with trading activity.
Users can now research, analyse, monitor and trade assets across multiple chains without constantly moving between their wallet, charting platforms and DEX screeners.
5. Watchlists, Alerts & Notifications
Watchlists have evolved into a proper market-monitoring tool. Users can create multiple named lists, pin favourites, add an asset to multiple lists and see live prices, movements and alerts alongside their own holdings and fiat values.
We’ve also built a much more comprehensive notification and price-alert system, bringing deposits, withdrawals, swap updates and price alerts into a wallet-specific feed, with push notifications, unread badges and direct links to the relevant transaction.
Users can create multiple price alerts for the same asset, while receiving a previously unknown token can automatically add it to the wallet before the notification is even opened.
Alerts can be set on any token found in Markets, not only ones held in the wallet, and they are checked on Atlas servers so they arrive as push notifications even when the app is closed.
6. A True Multi-Wallet dApp Browser
We’ve rebuilt the Atlas dApp browser around the reality that many crypto users manage multiple wallets.
It now includes searchable browsing history, favourites, persistent connections and a wallet selector directly inside the browser. Atlas remembers which wallet approved which dApp, allowing different wallets to maintain different connections across wallet switches and even app restarts.
WalletConnect has been extensively rebuilt too. Sessions can persist and reconnect correctly, network switching is handled more intelligently, connected dApps can be reviewed and disconnected individually, and Atlas can connect through sites’ own wallet lists or Atlas Connect.
Approval screens now clearly show the site, wallet, requested network, value and fees where applicable. Signing requests are presented in readable form, while unverified or potentially risky domains can trigger warnings.
7. A Bigger, Smarter Swap
Atlas Swap has undergone a major expansion.
On-chain swaps are now supported across 12 networks, with Atlas automatically searching available routes, prices and liquidity. Much of the complexity around route finding, approvals, fee estimation and transaction preparation is handled behind the scenes while the user retains control of final approval.
Transactions can be test-run before confirmation to identify likely failures, quotes and prices continue refreshing as markets move, balances and fees are rechecked before submission, and users receive plain-English errors rather than raw technical messages.
Each network uses the exchange engine best suited to it, and on certain networks Atlas can split a trade across several pools for a better price.
We’ve also significantly expanded Atlas Cross-Chain Swap, adding networks including Base, Robinhood Chain and Arbitrum to an already extensive range that includes Bitcoin.
The result is one of the broadest cross-chain swap experiences available within a self-custody wallet, allowing users to move assets directly between a remarkably diverse range of blockchains without leaving Atlas.
Atlas handles the complexity behind the scenes, including destination addresses, rates, service and transfer fees, balance and network-fee requirements, estimated completion times and refund addresses where required.
We’ve also rebuilt fiat buying and selling. Available provider quotes can be requested simultaneously and sorted by what the user actually receives, while orders are tracked through to completion and provider updates verified within Atlas.
8. More Chains with Less Clutter
Atlas now supports 16 blockchains, up from nine, with Base, Monad, Arbitrum, Optimism, Robinhood Chain, Linea and Gnosis among the additions.
But adding chains shouldn’t mean cluttering the app.
A new Chains screen lets users decide exactly which networks they want enabled throughout Atlas. Disable a chain and it disappears across the experience; turn it back on and Atlas automatically rescans the relevant wallets and restores the assets it finds.
And we’re not stopping at 16.
9. Security, Privacy & Personalisation
A significant amount of work has also gone into parts of Atlas that users should barely have to think about.
The lock, PIN and Face ID experience has been rebuilt, recovery phrase and private-key screens have additional protection, changing a PIN re-encrypts stored keys and phrases, and Atlas can hide sensitive information when the app enters the background.
Settings has been reorganised around the new Atlas experience, bringing together chain management, display currency, security, biometrics, auto-lock, address-book management and connected dApps. Guest and watch-only modes also intelligently remove options that don’t apply to them.
Balances, token lists, transaction history, contacts, NFTs and watchlists are now stored efficiently on the device rather than in a central Atlas database. Screens can open from their local copy and refresh in the background.
10. What You Can’t See
Perhaps the biggest part of the rebuild is the part users won’t see at all.
The old architecture built around a central database monitoring addresses has been replaced by Atlas’s own blockchain data layer.
Atlas can use different data sources for different chains and services, automatically retry or isolate failing providers, intelligently cache shared data and allow unaffected parts of the app to continue operating when an external provider has problems.
Underneath that are new systems for notifications, swap confirmation and alerts; unified chain and networking components; a new on-device database and synchronisation system; shared fee calculators and interface components; encrypted storage for phrases and keys; and an architecture designed to request only the data that has changed rather than repeatedly downloading everything.
Even the less visible systems have been rebuilt: notifications are verified and deduplicated before being sent, suspicious transfers can be filtered, failed provider responses aren’t cached, chart history is intelligently stored and refreshed, watched addresses reconcile automatically, and price alerts are continuously checked in the background.
The result is fewer unnecessary network requests, greater resilience when third-party services fail and substantially less user information needing to exist on Atlas infrastructure.
Our application servers retain only what’s required for services such as notifications and orders, not users’ balances, portfolios or complete transaction histories.
And most importantly, private keys remain on the user’s device, with transactions approved and signed there by the user.
Your wallet. Your keys. Your data.
The Atlas our community testers will shortly receive is very different from the builds they tested previously.
Some of that difference will be immediately obvious: more chains, powerful Markets and TradingView tools, multi-wallet dApps, dramatically expanded swaps, alerts, watchlists and a completely redesigned experience.
But some of the most important work has happened underneath: an almost entirely new infrastructure designed to make Atlas faster, more private, more resilient and capable of supporting what comes next.
And even this is only the headline list. Across Atlas we’ve made hundreds of additional improvements to performance, reliability, security and UX, alongside the countless fixes and edge cases that turn individual features into a polished product.
After the biggest development cycle in Atlas’s history, it’s time to put it back into the hands of our community.
Community beta is reopening on October 16th.
Welcome to the new Atlas!
Cedar retweeted
Atlas Wallet: Development Update, End Q1 2026
We previously took Atlas out of external closed beta for a full infrastructure overhaul.
This isn't simply a rebuild. It’s a complete refinement of the product, alongside addressing further legal and compliance work required for launch.
Internally, management and our developers have been developing and testing 3-5 new builds per week over the last few months.
Here’s where everything stands:
Legal & External Dependencies -
These are the elements that ultimately control launch timing.
Website -
The website is being rebuilt to reflect the final product, features, and UX.
This cannot be completed until the build is fully locked, so it will be finalised close to launch.
Status: In progress
UK compliance (Section 21) -
We’ve completed a large portion of the groundwork, including a UK-specific version of the website.
What remains:
• Final in-app disclosures (must reflect final build)
• Geo-specific handling for UK users
• Formal sign-off from a regulated UK approver
Status: Partially complete, pending final build
On / Off-Ramp Partners -
We are integrated with 5 providers.
• 3 fully complete
• 2 pending compliance alignment (linked to final legal structure inc. UK Section 21)
These remaining items cannot be finalised until just before launch.
Status: 3/5 complete
Atlas Banking (Fiat Features + BillPay)
We have the opportunity to reintroduce banking features, including:
• Instant transfers to bank accounts
• Payments to friends/family
• BillPay functionality
• Crypto → fiat usability
These were highly valued by users.
However:
• The ongoing cost structure is significant
• Terms are still under negotiation
We will only enable this when it makes financial sense and aligns with launch timing.
Status: Under negotiation
Core Product (Wallet & App) --
Wallet Import -
We’ve rebuilt wallet import to allow a single seed phrase to restore all associated wallets, regardless of whether they were created on platforms like MetaMask, Trust Wallet or Phantom.
This solves one of the biggest UX problems in DeFi.
Status: Built and in testing
Token List & Filtering -
Once a wallet is imported, we’ve dramatically optimised token population.
This improves the user experience, but just as importantly, it fixes a major inefficiency in our previous infrastructure, which was both costly and resource-heavy.
It also now includes advanced filtering to remove spam, dust, and malicious tokens, resulting in a cleaner and more reliable portfolio view.
Status: Mostly complete, final optimisation ongoing
Notifications (App-Wide) -
We are moving from wallet-specific notifications to a unified system across the app.
This ensures users don’t miss activity, even with multiple wallets.
Status: Near completion
Markets section (New Feature Layer) -
We’ve built a completely new Markets section within Atlas.
This introduces features and information not previously available in the app, significantly enhancing visibility, usability, and overall user experience.
Status: Advanced development
Watch-Only Wallets -
Rebuilt and simplified.
Cleaner UX, better performance, easier tracking.
Status: In testing
Swaps -
Optimised routing to ensure:
• Faster execution
• Better pricing
• More efficient paths
Status: Built and in testing
Send & Receive -
Core functionality has been fully optimised and tested.
Status: Complete
Language & Currency Support -
• Multi-language support
• Multi-currency display
• API integrations complete
Status: Complete
NFTs -
Following previous beta feedback we have substantially overhauled the entire NFT interface.
This provides better coverage across all chains and significantly improved speed and reliability.
Status: Advanced development
Post-Beta Work -
Help Centre & Support
We will rebuild the help centre after reopening beta so it reflects:
• Final UI
• Real user behaviour
• Beta feedback
Status: Deferred to beta phase
Our efforts continue at pace to move Atlas back into our external closed beta, where we will be able to better assess readiness to full launch.
CedarDAO Announcement:
The CedarDAO Committee announces that @CryptoPilotAdam has resigned from his position on the Committee.
Adam has been a valued member of both the Cedar and EverGrow community for many years and has also served as part of the Discord moderation team.
We would like to thank him for his service as a member of the first acting CedarDAO Committee and for the time and effort he has contributed to supporting the community. We appreciate the work Adam has put into helping build and maintain the community, and we hope he will continue to remain an active part of it going forward. On behalf of CedarDAO, we wish him nothing but the best.
Cedar Rewards Announcement:
The Rewards Claimpad is just about ready for audit! While finalizing some minor security measures, auditors have been contacted to schedule scope reviews of the code so that they can provide the DAO with feedback and quotes. We hope to complete these reviews and receive quotes over the course of the next 2 weeks, take a few days to discuss and make clarifications if necessary, and then enter into a formal agreement.
Internal testing will continue, simultaneous to this audit process.
We will return with an update in a couple of weeks!
Atlas Wallet Financial Update:
Atlas Wallet Financial Update
Hi all,
I thought it would be helpful to share a clear update on the financial position at Wallet Enterprises Ltd, the company behind Atlas Wallet.
There has been a significant amount of commentary circulating recently. Some of it is plainly inaccurate, some of it is deliberately misleading, and some of it understandably creates concern for holders who simply want clarity. This post is intended to deal purely with facts and numbers.
Background
In March 2025, while the project was operating under the Management Committee on behalf of EverGrow Marketing Ltd (the entity to which operational control of marketing and development had been legally and contractually transferred as per the official announcement in September 2022), a proposal was put forward to fund Atlas Wallet independently with $1.2 million.
The objective was straightforward: to separate Atlas operationally and financially from the token project so that development could proceed with stability and clarity.
Although the project was not operating under a formal legal DAO framework at that time, and still is not today due to the absence of a legal DAO structure or binding voting mechanism, the Management Committee stated we would poll the community on major decisions to ensure majority support.
The proposal to allocate $1.2 million to fund Atlas Wallet independently was supported by 97% of participating token holders.
Those funds were internally reassigned and ringfenced for Atlas Wallet. This update relates specifically to that allocation.
Where the funds are held
Wallet Enterprises Ltd operates a corporate Binance account for payroll and operational payments. However, the majority of funds have been retained in the original decentralised wallet that was reassigned last year from EverGrow Marketing Ltd to Wallet Enterprises Ltd. From a security perspective, I consider this the safest way to custody a significant treasury balance and it’s how I’ve operated since September 2022, when the founder transferred project assets to EverGrow Marketing Ltd.
Operationally, when the Binance balance runs low due to payroll or expenses, we top it up from the decentralised wallet. Those transfers are visible on-chain for anyone monitoring the wallet.
Current position
From the original $1.2 million allocation:
• $138,000 remains in the Binance corporate account (following yesterday’s payroll).
• Approximately $650,000 remains in the decentralised wallet assigned to Wallet Enterprises Limited.
Total remaining: approximately $788,000.
Burn rate
Our current monthly cash burn is just under $30,000.
This has been reduced significantly over the last few months. Earlier in the process, costs were materially higher due to:
• Clearing legacy expenses
• Annual pre-payments on some tech integrations
• A larger development team
• Higher cost legacy infrastructure and partnership commitments
Those costs have since been streamlined. Going forward, I expect us to maintain a burn rate below $30,000 per month.
There may be occasional months where expenses temporarily increase due to annual up-front costs being due, partnerships or infrastructure upgrades. However, we are consistently focused on reducing recurring overhead while preserving core development capability.
Runway and funding outlook
At the current burn rate, the remaining $788,000 provides substantial runway.
This gives us the financial capacity to:
• Complete the infrastructure upgrade
• Relaunch beta
• Full public launch on iOS, Android and Chrome
• Fund initial marketing and user acquisition
• Demonstrate product-market fit
At that stage, the intention would be to raise external capital from a position of strength.
We could raise earlier, including during beta, but at present I do not consider that necessary. The goal is to raise at the most advantageous point for long-term shareholder value. Ideally I would like to raise when we still have 12 months of runway - that’s an ambition, not a guarantee - I know too well how forward looking statements can come and bite me in the ass around here!
Operational update
As you know, we made the difficult decision to take the beta version offline and conduct a significant infrastructural upgrade. That decision added months to the timeline. We are nearing the end of that process now.
However, contingency was built into the runway specifically to account for unexpected development shifts. As a result, that work has not created financial stress or funding risk.
Closing
The key takeaway is simple:
Atlas Wallet remains well-funded relative to its current operating costs.
The treasury allocated in March 2025 has been managed conservatively, burn has been materially reduced, and there is significant runway remaining to complete development and move into launch and growth.
I appreciate that there is noise. The numbers, however, are straightforward.
I will continue to provide updates as we progress.
Sam
The following questions regarding the Governance Establishment Coordinator were asked by a Community Member, the answers are in bold font:
1. How many individuals are you looking for to contribute to CedarDAO Governance Establishment Team? We are seeking at least two individuals preferably, however, this task can be completed by one competent individual. To our knowledge the initial set-up is critical regarding the need to pay attention to detail in order to ensure that the parameters are set correctly. We are going to want to onboard and then go through everything with the Team first. Some DAO input/vote(s) may be necessary prior to actually establishing parameters as after the initial parameters are established, a vote will be required in order to make modifications.
2. Will these individuals be tasked with "Only" establishing governance on Realms or will they remain on a Cedar DAO technical advisory board to provide guidance for future utilities such as the rewards claim pad? The announcement is regarding Governance establishment only. Advisory board(s) can be established as needed for the future separately and outside of this current task.
3. Are these positions strictly volunteer or could they impact our treasury via the negotiation of token packages? TBD - Voluntary vs compensation is not mentioned in the announcement. Though it would be nice to have this service provided at no cost to the DAO, we are aware that a no cost agreement may not be possible. The determination will not be made upon whether or not someone seeks compensation and will be made solely on qualifications, experience, and availability.
Announcement: Seeking Governance Establishment Coordinator
Announcement Expiration: Friday, January 30, 2026
Approximate Start Date: Mid-February 2026
Calling all techies to the table of Cedar to join the CedarDAO Governance Establishment Team and aid the DAO in establishing governance on Realms (Solana's governance protocol developed by Solana themselves)!
Realms will allow our community to level up, vote on proposals and elections, submit its own proposals, transparently create rules, and make decisions via its automated system which is the true definition of decentralization! Realms will provide a token based experience and will ensure collective bottom up control over our operations as well as our treasury.
Requirements:
- Communicate by video conferencing, private messaging, and email as needed;
- A preferred minimum of 2 years past experience establishing governance on Realms;
- 90 day commitment
- Enter into our Non-Disclosure Agreement;
- Enter into the DAO's services agreement;
- KYC with our 3rd party Cayman onboarding solutions provider which includes background screening that will be monitored throughout the duration of your time as a member of the Governance Team.
If you are willing to join the Governance Team please message our X account and attach a list of experience and past performance.
We thank you in advance!
Announcement: Seeking Governance Establishment Coordinator
Announcement Expiration: Friday, January 30, 2026
Approximate Start Date: Mid-February 2026
Calling all techies to the table of Cedar to join the CedarDAO Governance Establishment Team and aid the DAO in establishing governance on Realms (Solana's governance protocol developed by Solana themselves)!
Realms will allow our community to level up, vote on proposals and elections, submit its own proposals, transparently create rules, and make decisions via its automated system which is the true definition of decentralization! Realms will provide a token based experience and will ensure collective bottom up control over our operations as well as our treasury.
Requirements:
- Communicate by video conferencing, private messaging, and email as needed;
- A preferred minimum of 2 years past experience establishing governance on Realms;
- 90 day commitment
- Enter into our Non-Disclosure Agreement;
- Enter into the DAO's services agreement;
- KYC with our 3rd party Cayman onboarding solutions provider which includes background screening that will be monitored throughout the duration of your time as a member of the Governance Team.
If you are willing to join the Governance Team please message our X account and attach a list of experience and past performance.
We thank you in advance!
Cedar retweeted
We appreciate that it has been a little while since we last shared a substantive update on Atlas Wallet, and we intend to provide a full operational update in the coming weeks. In the meantime, we want to thank you sincerely for your continued patience.
We are particularly conscious of the frustration this has caused for our beta testers, many of whom had come to rely on Atlas as their primary wallet. Despite the crowded wallet landscape, Atlas became a favourite for a large number of users, which is something we do not take lightly.
The work we are undertaking now is focused on ensuring that Atlas can meet its long-term ambitions without being constrained by scalability. From launch, whether Atlas serves a thousand users or a million, it needs to perform consistently and reliably. A key part of this process has been optimising the platform not only technically, but also financially. The beta programme was essential in helping us identify areas of inefficiency across both infrastructure and operating costs.
Atlas was originally built with very limited resources, and while we do intend to pursue a significant raise once the product is in the right position, efficient scaling is essential regardless of funding. A product that cannot scale cleanly, both technologically and economically, is not a product that can endure.
The improvements made during this offline period have been substantial. They will materially improve performance and reliability for users, while also making ongoing development far more efficient. Adding new features, integrating additional chains, and extending functionality will require significantly less time and complexity than before, due to major advances in our underlying infrastructure.
We recognise that many of you have been waiting a long time for Atlas to launch. Internally, our ambitions remain as high as ever. This has been a difficult journey at times, but the team remains fully committed to delivering a product that can compete immediately with the very best wallets in the industry. We genuinely believe that, through resilience, focus, and the support of an exceptional community of beta testers, we have built something that stands alongside products backed by vastly greater funding and longer development timelines.
That said, we understand that until Atlas is back in your hands, words only go so far. Seeing is believing. We appreciate your patience and look forward to sharing a more detailed update with you very soon.
We are happy to announce that a Director Service Agreement has been entered into with Hash Directors! Hash Directors will serve as The CedarDAO Foundation's independent Cayman director through 2027 at a minimum. Hash Directors came highly recommended amongst the Cayman and US law firms that were consulted last year. Hash Directors was founded in 2020 and was amongst the first independent directorship teams dedicated exclusively to the digital asset industry. The Hash Team works with some of the largest Foundations, funds, and regulated entities in our space, and their bench is deep! We've enjoyed getting to know the Team and we look forward to having our first annual meeting in the near future. Feel free to visit Hash's website to get to know the Hash Team! hashdirectors.com/
