Asym

Systems architect / builder
Technology investor focused on crypto and AI
Ethereum node operator

[Asym @0xAsym]

The Hidden Power of ETH Treasury Companies

Much attention has recently focused on asset accumulation by ETH treasury companies ( $SBET, $BMNR, $BTBT, $DYNX). However, an underdiscussed yet significant aspect is that these entities are bringing DeFi participation to public markets.

They don't just hold ETH, they actively stake and leverage sophisticated DeFi strategies to generate meaningful yield. The real magic? These yields compound, continuously amplifying returns.

This represents a genuinely new frontier for crypto in the public markets and a clear advantage over Bitcoin treasuries.

Educating the Investing Public

It's been said that the most bullish scenario for Ethereum is simply being understood. Public companies must disclose their results quarterly, compelling them to openly discuss their yield-generation strategies, including the specific DeFi protocols they use. Financial analysts will inevitably dissect and explain these strategies, spreading valuable knowledge throughout the investing community.

As understanding spreads, adoption accelerates. Buckle up - ETH treasury companies could soon become Ethereum’s most influential advocates. 🚀

[Asym @0xAsym]

@econoar buying

[Asym @0xAsym]

@banteg I am getting tremendous value from my Anthropic Max 20x sub. Feels like the early days of Uber. I don't think it will last but taking full advantage while it does.

[AdrianoFeria.eth 🦇🔊 🛡️ @AdrianoFeria]

This is how brain-dead the crypto industry still is:

It costs roughly $30M per year to keep developing Ethereum L1, which is effectively becoming the settlement layer for the internet of finance.

Bitcoin’s PoW burns through roughly the same amount of money every single day.

One funds open-source global financial infrastructure backed by the most sound digital store of value in the world.

The other pays for an energy-intensive security model attached to an asset that is structurally and economically inferior as a store of value, not useful for real-world finance, and increasingly hard to justify based on Bitcoin’s own fee and security-budget metrics.

This is the quiet part said out loud, the thing talking heads in this space will not dare to say, but should, because it is the truth.

[Asym @0xAsym]

@AlfieJCarter Agents

[Asym @0xAsym]

@EthereanVibin 🙋‍♂️

[Asym @0xAsym]

@suppression___ same

[Elon Musk @elonmusk]

@McMurchie @alexmd2 @Techmeme @CatherineShu At this point, I want ETH even if it is a scam

[Asym @0xAsym]

@materkel @TrustlessState Sell your ETH, fine. Announce it publicly, selling out the community, shameful. Also a very bad business decision. I subscribed to @Bankless in 2021 to support what these guys were doing. Cancelled now because of this. I doubt I am alone here

[Joseph Chalom @joechalom]

https://t.co/CEhi4vF5rL

[David Hoffman @TrustlessState]

I want to share a quick story from a friend, who recently had ~$450k almost phished from a wallet

Thanks to @SEAL_911 - it was all completely recovered and returned. A happy ending that deserves highlighting!

I knew SEAL 911 existed, but this was the first time I've saw them in action.

Here's the story:

A friend got phished from a fake Ledger Live app (on the Apple App Store 2 weeks?!). His ETH was staked on Figment, and the phisher executed the withdrawal transaction, and the ETH entered the withdrawal queue.

He reached out to the Seal 911 group and within 15 min, he was on a discord call with the White Hat Recovery team.

You could imagine how shitty my friend felt, assuming that the $450k of ETH was simply going to be withdrawn and immediately captured by the attacker.

They made him feel at ease, shared case studies of similar rescues and said they charge 5% (totally agreeable amount imo) of whatever funds they recovered.

The tension was all down to the single block that the ETH became available for withdrawal after the exit-queue finished. $450k riding on a 12 second window.

My poor friend had to wait 4 days while this all hung in the balance lol.

The day finally came. Seal 911 has set up a script with Flashbots to engage in the bidding war required to access the funds. At 11pm that night, he received the long-awaited message:

“got it all, best possible outcome.”

Within 10 min, the funds were distributed to his new ETH wallet and the job was done.

Kudos to the Seal 911 team, really amazing group of professionals.

[ansgar.eth @adietrichs]

Ignore the noise. Ethereum is shipping.

This one I am very excited about - the team working on it has done an amazing job:

When an Ethereum block is created, validators immediately start voting. Now, it is possible to use those votes to confirm blocks in a single slot (~13s)!

[Julian @_julianma]

https://t.co/7WZDKbB4Iz

[Etherealize @Etherealize_io]

We are honored that our CEO @VivekVentures was named to the CFTC’s Innovation Advisory Committee. Etherealize looks forward to collaborating with policymakers and fellow committee members to help evolve U.S. financial markets through robust crypto infrastructure.

[Aerugo @aerugoettinea]

I am stepping into the role of interim co-ED @ethereumfndn to continue the progress that Tomasz has made over the last year.

Tomasz brought an energy and urgency that the EF needed at a critical time, and I join the community in thanking him for his work on behalf of the Foundation and the network.

This task isn't something that I take on lightly, knowing the weight of responsibility of the role through seeing it up close for some time, but it is one that I am prepared to handle.

I've served in a management position at the EF over many years, working closely with Hsiao-Wei, Tomasz, Josh Stark, Danny Ryan, Aya, and Vitalik at different points in time. My focus has been deliberately on illegible but essential work, helping management try to make well-informed decisions, working with EF's team leads, considering budgets, articulating strategy, setting priorities, and more.

The decisions I make will be guided by a principled insistence on the properties of what we're building (censorship resistance, open source, privacy, security). These properties are what make Ethereum relevant and competitive, and they are the foundation of Ethereum's value proposition to the world and everything the world builds on it; just as Ether is the foundational store-of-value that underpins every transaction across it; and just as both are indispensable to the EF's own treasury.

The mandate of the EF is to make sure that real permissionless infrastructure, cypherpunk at its core, is what gets built. Ethereum should outlast us, and it has been our job from the beginning to make sure it is robust enough to do so. I, and the rest of the EF, will work alongside other members of the community - core protocol contributors, researchers and client implementers, auditors and whitehats, incident responders, spec authors, solo stakers and validator operators, node runners, MEV gremlins, rollup and L2 teams, bridge and interoperability integrators, UX and product builders, infra providers and tooling maintainers, educators, community organizers, forum crews, lurkers, and free software advocates, grant-givers and culture-makers, artists, memers, cypherpunks, cyberanarchists, Landian accelerationists, financepunks, femboys, soundcloud rappers, transgenders, disinformationalists, cyborgs, anons, revolutionaries, shitposters, trolls, federal lists, hypebeasts, pirates, preppers, the bros, incels - to make it last 1000 years or more.

[MegaETH @megaeth]

Tomorrow.

[Asym @0xAsym]

@8004_scan Wow, exciting to see 8004 getting real traction

[Asym @0xAsym]

@beaverd @XCreators Congrats man! Well deserved

[Asym @0xAsym]

@tkstanczak Sounds about right

[Asym @0xAsym]

@DataRepublican @astrarce @bitchuneedsoap Just awesome

[Asym @0xAsym]

@AutismCapital 🎯