Jaden @web3jaden

I wrote a deep dive on shared security a while back and explained why EigenLayer, Polkadot, and Cosmos are all the same thing (with minor differences). Restaking has the same property (security-providing chain can protect security-consuming chain through the threat of…

Nick White 🤳✨ @nickwh8te

3 days ago

Unpopular opinion: Polkadot was the first restaking protocol.

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.@evan_van_ness on Ethereum's decentralized ecosystem. Nobody pushes everyone into a room and tells everyone what to do. You see something you think needs to be done, you go ahead and do it. "It's decentralized, messy but it's been working so far"

1/ EigenLayer is facing a *major* yield crisis, and nobody is talking about it. @eigenlayer has >$15B in TVL but AVS's will actually need less than *10%* of that for security, which means yields may fall off a cliff

The Ethereum dashboard landscape 📊 ➡️ Ecosystem Health ➡️ Diversity ➡️ Staking ➡️ L2s ➡️ Blobs ➡️ Restaking ➡️ Monetary Policy ➡️ DeFi ➡️ MEV & PBS Thank you to @superphiz for curating the collection. Links to the dashboards and their creators below 👇

"Bitcoin is too complicated!" Oh, you think you understand how the dollar works?

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"issuance is not an expense" Technically correct, but you can model a blockchain as an equivalent business: The business sells blockspace and pays validators to maintain the chain. In that model, the issuance to validators is an expense to the business, and fees that are burnt…

Token Terminal @tokenterminal

a week ago

Q1 ‘24 income statements for Base (L2) and Solana (L1).

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i don’t get why everyone’s hyped about this @eigen_da news, 99% of getting restaking right depends on the economics, balancing risk with reward, there’s still no risk (ie slashing) or reward (ie AVS payouts) live on @eigenlayer, SO there’s no restaking really happening yet imo

The Lido Simple DVT Module is here 🌐 72 net-new Node Operators, including solo stakers, powered by @ObolNetwork-based Distributed Validator Technology (DVT), are ready to run validators. Net-new ETH deposits to Lido on Ethereum will be automatically directed by the Staking…

Because it's making the rounds again, as an author of EIP-3074 I should restate that at the time I was an employee of Mesh/ConsenSys. Now I'm at the EF. I'm also an active EIP Editor. If anyone points out any more potential conflicts of interest, I'll make sure to mention them.

AVS' don't have any rewards or slashing penalties (i.e. risks) yet so I don't understand how Eigen operators are expected to adequately evaluate and assess which AVS' to opt in to. What do you base your decision off as an operator in lieu of AVS risk and reward? AVS use case?

Onur Sucu @OnurES_

2 weeks ago

.@eigenlayer operators update: @ether_fi has taken the number one spot. Etherfi has four distinct operators in the top 10 by TVL. These four operators combined hold ~50% of all delegated TVL. They have not opted into any AVSs yet. @EigenYields has the number 2 spot with over…

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At first, I couldn't understand why I'd spend two hours of my life (which I'll never get back) replying a random post on Ethereum Magicians. But this post shows the value in calling out falsehood (read: BS), even if it feels weird and stressful to do so. This post has 1:1…

Alex Watts | Permissionlessness Maxi @ThogardPvP

a week ago

- EIP 3074 unlocks critical features and UX improvements for intents. - In 3074, wallets like metamask will approve and “white list” apps that are allowed to use 3074. - Metamask is owned by consensys and building their own intent protocol. - 3074’s authors are ex-consensys. 1/3

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Foundations of minimum viable issuance. A simple post on the core premise behind a change to Ethereum’s issuance policy. There are many benefits to minimum viable issuance; I wanted to emphasize how it inherently creates value by reducing costs to users. notes.ethereum.org/@anderselowsso…

On risks and opportunities for Smart Accounts after EIP-3074. And why we also need EIP-5003 to be included in the next Ethereum hardfork to prevent EOA enshrinement. safe.global/blog/eip-3074-…

With the @0xfluid DEX module being around the corner, it is time to end the debates around Lending designs and their efficiency A combination of DEX+Lending allows you to turn your debt into a productive asset by using debt as liquidity and to turn $1 in LP into $39 of effective…

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Privacy is normal. Railgun uses the privacy pools protocol ( papers.ssrn.com/sol3/papers.cf… ) which makes it much harder for bad actors to join the pool without compromising users' privacy. x.com/wublockchain/s…

Wu Blockchain @WuBlockchain

2 weeks ago

Vitalik Buterin (vitalik.eth) transferred 100 ETH (approximately $325,000) to Railgun at 17:40 UTC+8 today. Railgun is a EVM privacy protocol that enables DeFi private transactions. Over the past six months, Vitalik Buterin has been interacting with the Railgun using small…

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I have mixed feelings about EIP-3074 finally on path to reaching mainnet, almost 4 years after we originally proposed it. We fought so hard for it back in 2021, to no avail. Now that we are much further on the account abstraction roadmap, not sure this is the right strategy.

ً @lightclients

2 weeks ago

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What EIP 3074 Means for #Ethereum? Before EIP 3074: Smart contracts ask you to sign transactions whenever you interact with them. So, you need to get involved in a couple of message signings for the on-chain tasks you do every day. After EIP 3074: You can sign keys once and…

EIP-3074 will be included in Ethereum's next hard fork, Pectra It's a massive UX upgrade for EOAs🔥 See this comparison of EIP-3074 vs alternatives not chosen forum.polygon.technology/t/account-abst… Congrats to all involved, and to @0xfoobar who really got the ball rolling this season❤️

Here's a list of all EIPs mentioned in the quoted post--along with other EIPs I missed originally--for anyone interested in reading the specifications and staying up to date on the progress of each proposal. The list represents all of the EIPs included or considered for inclusion…

Emmanuel Awosika⚡ @eawosikaa

2 weeks ago

@gakonst and the Reth team have inspired (I think this started after the Reth's team blog post on post-Dencun EIPs) a new trend that should make Ethereum's network governance more transparent. Here, we see @ErigonEth publishing a list of EIPs considered for inclusion in the…

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I'm very sure Avalanche said the Snowman consensus protocol was going to solve blockchain scalability trilemma once and for all. And don't forget NEAR said it solved shard consensus--something Ethereum tried and abandoned--and was going to bring true scaling. The last time I…

CryptonomiKhan: Enemy of Centralized Systems @CryptonomiKhan

3 weeks ago

@eawosikaa @apolynya Vertical scaling is natural and will occur for *all* networks over time, it was/is extremely lazy approach to scaling. If you *need* to scale, you have to implement horizontal scaling, of which there are many ways to do, whether monolithic or modular. Rollups aren’t the *only*…

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