ye

[ye @0xYeee]

If you like this, please subscribe to my Substack: https://t.co/fMRILLqteK

[ye @0xYeee]

Based on what happened during OP airdrop claim, I think the concern that L2 rollups would cannibalize L1 may be overstated. @epolynya @bankless @TaschaLabs @0xHamz @knowerofmarkets @RyanSAdams @kamikaz_ETH
🧵

[ye @0xYeee]

So I would not be concerned about cannibalization at this stage. The only risk to watch out for is if a critical mass of leading rollups decide to disintermediate L1 and use their own native token for transactions. So far it's not the case.

[ye @0xYeee]

@0xHamz I think we are burning 4,000 ETH+ daily on average in the past 3 months of bear market, that's 1.2% deflationary force. So unless we get to really high stake rate like 70%+, we are deflationary post-Merge.
Math here:
https://t.co/fMRILLqteK

[KaneCap @KaneCapz]

The Sober Math Behind the Unsustainability of the Bitcoin Network's Economic Model.

(and Why Bitcoin Mining is a Bad Business)

A thread 🧵

#bitcoin $btc / #Ethereum $eth

[bartek.eth @bkiepuszewski]

This is the third and final thread on Ethereum data availability, ie EIP-4844 (danksharding). Check thread #1 on KZG commitments (https://t.co/7yMZ86T6Uk) and thread #2 (https://t.co/YuvaYNZwd7) on why data availability is needed in the first place to have a full picture 🧵

[ye @0xYeee]

(8/8) Source: A 2014 Bank of England paper explains this mechanism in detail: https://t.co/aToDEwujz5

If you like this, please give a rt and follow me.

[ye @0xYeee]

(1/x) Among discussions around fractional banking and $UST depeg, I saw a misconception that "banks lend out deposits that savers place with them".

Quite the opposite, commercial banks create money "out of thin air" by extending a loan. Or, sort of.

A 🧵

#LUNA #Cryptocrash

[ye @0xYeee]

(7/x) So, interest rate is way more important than reserves. Reserves do not determine money creation.

This is why I like @fraxfinance (🧵may follow)

Hope this shed light on #stablecoins design and whether collateral ratio can be below 100%

@samkazemian @Rewkang @MakerDAO

[Alunara @0xAlunara]

In light of this weekend's depeg event benny asked me to add a page with graphs showing historical peg values. I any% speedran this in less than 2 hours at night, so it's a bit janky. Now you can see daily snapshots of historic peg values of mainnet pools. https://t.co/N0sKzWyauj

[Shiv @shivsakhuja]

I've spent a lot of time looking for and experimenting with different research & tracking tools in Crypto / DeFi to find an edge.

🧰 🛠️ 33 Useful Tools 🛠️ 🧰
to help you level up your Crypto & DeFi investing game

[1/x] 👇 🧵

[Andrew Kang @Rewkang]

The Central Bank of Crypto (Web3)

The @fraxfinance $FXS Mega Thesis 🧵