General FAQs

Who is the team behind Side Protocol?

Side Protocol is built by Side Labs that has a proven track record of building high-performance L1 blockchain infrastructure from the ground up and has contributed to various open-source projects that play a significant role in the crypto ecosystem. The team brings experience from leading organizations such as Binance and Meta, as well as prior ventures backed by a16z, Polychain, and others.

Who backs Side Protocol?

The project has successfully completed 3 funding rounds and raised a total of $7 million from prominent investors including Hashkey Capital, KR1, Continue Capital, Symbolic Capital, JRR Crypto, Dora Ventures, Decom, Samara AG, and angel investors such as the founders of Injective Protocol, Espresso Systems, Marlin Protocol, Nym, and more.

Who are running Side Bridge (sBTC)?

21 leading validators of Side Chain have been selected to operate the TSS Signers of Side Bridge, collectively securing tens of billions in assets across all other networks. All validators have successfully completed the KYC/KYB process. You can view the list of validators by visiting Side Station, where the Side Bridge operators are tagged with “TSS Signers” next to their names.

What risks are associated with using Side Protocol?

• Technical Vulnerabilities: Just as with any protocol, there are inherent technical vulnerabilities like smart contract and network attacks and unforeseen bugs. We have taken and will continuously audit our protocol and infra to try our best to mitigate these risks.

• Governance Risks: Decentralized governance, while empowering users, may lead to issues such as slower decision-making processes or disagreements over protocol upgrades. If governance mechanisms are not effectively implemented, it can affect the stability and development of the protocol.

• Cross-Chain Risks: The interaction between multiple chains, such as bridging assets across different networks, can introduce vulnerabilities. Issues with third-party bridges, for example, could lead to loss of funds or delays in asset transfers.

• Regulatory Risks: Like many blockchain projects, Side Chain could be subject to regulatory changes that may impact its operation or require compliance with new laws