UMBRA V2: THE SOVEREIGN CHAPTER BEGINS

Summary from the TLDR Crypto newsletter

Umbra V2 marks an architectural pivot for the stealth address protocol, moving from an Ethereum plugin to a standalone sovereign privacy system with its own governance and treasury. The upgrade introduces a redesigned stealth address scheme with stronger privacy guarantees alongside a new smart contract architecture. The "sovereign" positioning targets the gap left by Tornado Cash's OFAC sanctions and Aztec's L2-centric focus, aiming the protocol at private everyday payments on mainnet. Self-governance and an independent treasury signal that the Umbra team is building toward protocol-level financial infrastructure rather than a composable privacy primitive.