Whitepaper Reading Club

800+ builders, engineers, researchers that read and debate Blockchain Projects/Paper in Singapore, Kuala Lumpur, San Francisco, Lagos, Bangkok and New York.

[Whitepaper Reading Club @WPReadingClub]

https://t.co/x6FtZ4Dv3t

[Whitepaper Reading Club @WPReadingClub]

🇺🇸 NEW YORK 🇺🇸 10th June | See you there👇

🧠 Morpho Midnight: Fixed-Rate Lending Primitives for Permissionless Credit Markets 🧠

We’ll be hosting an event next week:

➡️ Want to join? https://t.co/VGGy8Jpery
🗓️ When? Wednesday 10th June
⏲️ Time? 6-9PM
📍 Where? New York 🍎 - register to the event to see the full address!

❣️ Big shout-out to our:
- Session lead: @zeebradoom from @BigBrainVC
- Space sponsor: @0xCryptoSam from @recvcx

TL;DR:

>>> A discussion on how @Morpho's newest fixed-rate lending protocol extends their existing architecture and #marketpositioning.

>>> How Morpho Midnight introduces fixed-rate, fixed-term credit markets using a zero-coupon bond structure where credit and debt units trade at a discount and settle at maturity, deriving the implied rate from the discount rather than a utilization curve

>>> ​We'll walk through the Midnight paper's core design decisions and compare the architecture to traditional multi-asset pool models (e.g., Aave V3, Compound) and hub-and-spoke models (e.g., Aave V4).

>>> See our Luma event for more details!

Hope to see you there 🔜

👉 LinkedIn: https://t.co/CRnQ3jEmcV
👉 Want to join future events?: https://t.co/iYNZeg9VzS

#Web3 #Web3Event #Blockchain #CreditMarkets #WPRC #Morpho #NYCEvent #NYEvent

[Whitepaper Reading Club @WPReadingClub]

@sagekim_jh @ethereumhkhub @ninjanovadotsol 我们也希望北京会有啊！想不想一起弄？

[Whitepaper Reading Club @WPReadingClub]

🇭🇰 HONG KONG 🇭🇰 13th June | We’re coming for you 💣

We’ll be hosting an event next week:

​📅 日期：2026年6月13日（星期六）
⏱️ 時間：下午 –
📍 地點：Hong Kong Ethereum Community Hub - @ethereumhkhub - shout-out @ninjanovadotsol
➡️ 我點樣申請? https://t.co/OudliB6Fx7
➡️ 多謝我哋嘅贊助商:
- @ethereumhkhub
- @Ethtao_Ethtao

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➡️ When? Saturday 13th June
➡️ Time? 5-8pm
➡️ Where? Hong Kong Ethereum Community Hub - @ethereumhkhub - shout-out @ninjanovadotsol
➡️ Where do I sign up? https://t.co/OudliB6Fx7
➡️ Thank you to our sponsors:
- @ethereumhkhub
- @Ethtao_Ethtao

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活動主題
Agentic Payment - 代理支付與穩定幣的融合能長遠成為加密支付的革命嗎？
​最近在不同公鏈生態上有著不同的代理支付產品推出，直接讓Agent自行生成錢包、自行訪問商家、自行支付完成交易等。「代理支付」的急速發展，對本地/海外企業、用戶、加密行業帶來什麼具體影響？

​Agentic Payment是什麼和想要解決什麼痛點？

​支付協議介紹、價值主張

​市場上有誰已經參與？

​基礎技術建設

​活動資訊

​特別嘉賓: @joy_890913 - @xuedao_tw founder
從台灣遠道而來的Web3建設者社區XueDAO創辦人，亦是WPRC台灣的參加者！

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👉 LinkedIn: https://t.co/CRnQ3jEmcV
👉 Want to join future events? https://t.co/iYNZeg9VzS

#Web3 #Web3Event #Blockchain #Ethereum #WPRC #AgenticPayment #HKEvent #XueDAO

[Whitepaper Reading Club @WPReadingClub]

@Ethtao_Ethtao 谢谢 @Ethtao_Ethtao

[Whitepaper Reading Club @WPReadingClub]

Thanks for reposting Carla!

[Whitepaper Reading Club @WPReadingClub]

https://t.co/x6FtZ4Dv3t

[Whitepaper Reading Club @WPReadingClub]

During Europe's biggest fintech show: @money2020

[Whitepaper Reading Club @WPReadingClub]

🇳🇱 Reading: AMSTERDAM | 2nd June

🧠 Topics: Bitcoin's Layer 2s, Quantum Threats, and Soft-Fork Politics 🧠

📆 Event date: Tuesday 2nd June @ 10:30am

✍️ Register: https://t.co/K2FY0OdYDz

🗣️ Target audience: Suitable for Bitcoin builders, researchers, investors, node operators and curious users.

No coding required, though familiarity with Bitcoin transactions and UTXOs will help!

We'll read key sections together in silence, then discuss. No pitches, no panels.

‼️ Special thanks to our:
Host: @otaliptus

Supporters:
- Greg Polinger: For offering us their amazing space in such short notice.
- Eleanor of @rootstockinfra / @RootstockColl for suggesting this and supporting us!
- @blockblanc (@CryptoCanal): For connecting everyone and making this happen!

*EVENT DEBRIEF:*
❗️Bitcoin is no longer just about payments and block space. Today’s debates center on Layer 2 scaling, quantum-resistant upgrades and how Bitcoin evolves without breaking its social contract.

In this session, we’ll explore three questions:

1️⃣ What is a real Bitcoin Layer 2: Comparing Lightning, Ark, BitVM-based systems, sidechains, and client-side validation. We’ll examine trust assumptions, exit rights, bridge design, liquidity, and whether users can always return to Bitcoin L1 without permission.

2️⃣ How serious is the quantum threat: We’ll separate hype from reality, covering quantum attacks on Bitcoin signatures, exposed public keys, migration challenges, post-quantum cryptography, and proposals such as BIP360 and BIP361.

3️⃣ Who gets to change Bitcoin: Bitcoin upgrades are ultimately social coordination problems. We’ll discuss soft-fork activation, miner vs user influence, and current debates around OP_CAT, CTV, Consensus Cleanup, quantum-related proposals, and BIP110 as a case study in Bitcoin governance.

4️⃣ The goal isn’t to take sides, but to understand how Bitcoin determines what is safe, necessary, and legitimate.

#Amsterdam #Crypto #Bitcoin #QuantumThreats #Blockchain #CryptoEvent

[Whitepaper Reading Club @WPReadingClub]

🇸🇬 SINGAPORE | 28th May 🇸🇬

We hosted another great session in Singapore last Thursday, where we were deciphering:

🧠 Internet Capital Markets by @anza_xyz || @solana Constellation 🧠

🗣️ Big shoutout to our:
Host: Rongxin Zhang
Space sponsor: Mikyeong Kim from Superteam Singapore
Discussion drivers: Ko-Wei Tseng & Niklas B.

👏 Many thanks for contributing: @kowei1995 // @brymko // Annette Lu // Scott Sofian // @WinstonAndersen // Char

📝 For more information:
👉 Event summary: https://t.co/yEgyyWIsSC

📝 If you'd like to join future events:
👉 Upcoming events: https://t.co/FYyE1MXRMA

‼️ THE EVENT NOTES > TL;DR ‼️

(1) Local Fee Markets: Work because Solana executes transactions in parallel. Congestion only occurs when transactions touch the same state.
(2) MCP vs Alpenglow: MCP handles transaction visibility, inclusion, and block construction; Alpenglow handles consensus and final settlement.
(3) Ambition: MCP may be one of the most ambitious protocol upgrades today, attempting to reduce leader discretion rather than simply redistribute MEV.
(4) Execution Optimization: Significant optimization opportunities still exist within Solana’s execution layer, transaction formats, and account access patterns.
(5) Protocol vs Apps: Many ordering and market structure problems cannot be solved purely at the application layer; incentives ultimately live in the protocol.
(6) Hyperliquid & MEV: Traditional blockchain MEV is less visible when matching and block production are tightly integrated rather than permissionlessly built.
(7) Future Markets: Are markets ultimately heading toward protocol-enforced fairness rather than trusted intermediaries?

🙂‍↕️ Questions:
(1) Economic Tick: What exactly is the 50ms economic tick and how does it relate to Alpenglow’s ~100-150ms finality?
(2) Time Synchronization: Why does MCP require synchronized clocks while Alpenglow relies on logical time?
(3) Incentives: Who captures the value from proposers and attesters — new operators or existing validators?
(4) Simpler Alternative: Why not continue reducing block sizes and leader windows to reduce MEV?
(5) Decentralization: Does MCP materially decentralize Solana or simply redistribute power among existing participants?

Application Security:
(1) Hardened Chains: Core blockchain infrastructure is becoming increasingly secure.
(2) Complexity Moves Up-Stack: More applications, integrations, and middleware create new attack surfaces.
(3) Security Shifts: The biggest risks are increasingly in application logic and integrations rather than the chain itself.

#InternetCapitalMarkets #Solana #WPRC WinstonAndersen

[Whitepaper Reading Club @WPReadingClub]

@willstrk @tms7331 @chrisliambender @renegade_fi Thanks brother - look forward to more in the future!

[Whitepaper Reading Club @WPReadingClub]

🇺🇸 SAN FRANCISCO | 27th May 🇺🇸

A HUGE thank you to everybody who showed up on Wednesday to our latest event in San Fran where we discussed:

🧠 DeFi Yields and Risks 🧠

🗣️ Big shoutout to our:
Host: @tms7331
Co-host: @chrisliambender from @renegade_fi

A great turnout led to a room full of in-depth discussions and knowledge sharing! 🔥

🫡 Some of our attendees: @tms7331 // @chrisliambender // @willstrk // @coinwatchdotco // @mrrongxin // @oxsd

📝 As for us at WPRC, do show us some love:

👉 Follow us on LinkedIn: https://t.co/CRA3Fuxzmt
👉 Want to join future events? https://t.co/iYNZeg9nKk

‼️ THE EVENT BREAKDOWN > TL;DR ‼️

▶️ What should DeFi yields be to account for the risk?
General consensus seems to be: higher than they currently are, but probably not as high as the 12.55% that @dunleavy89 suggested!

▶️ A couple observations:
Many people outside of the US don't have access to US capital markets, so getting any yield on USD is amazing. Also, many people use lending as part of larger strategies in DeFi. If someone lends USDC but then borrows ETH against it, their risk profile changes. Similarly, a looping strategy provides a higher yield by introducing a couple other risks.

▶️ How should DeFi yields be priced?
Seems extremely difficult - appears like you can compare protocols (feels like @Morpho is safer than @aave) - and accurately modeling all the risk feels borderline impossible! If you could, a proper approach may involve something like estimating a full distributions of outcomes for each risk factor and combining them appropriately. And at the end of the day, it seems likely that most DeFi users are not heavily considering risk.

▶️ How will DeFi evolve in the future?
The role of curators or risk analysts seems important (for example, with the KelpDAO hack, there were some risks that weren't properly accounted for), but this is something that can evolve over time.

-----------

↔️ One of the conclusions of the paper was that @RenzoGov does not pose a systemic risk to the broader DeFi ecosystem, however the reality is that in large part it's because restaking as a whole hasn't lived up to expectations.

↔️ The structure of restaking creates the shape that would allow for cascading contagion.

↔️ An interesting question is how to prevent (or rather, should we try to prevent) this sort of risk from being present in the ecosystem. It ultimately feels like there's only so much you can do - what makes DeFi compelling is the permissionless nature of it!

↔️ But it does feel like there is an asymmetry with some of the risk. When a restaking protocol deploys across multiple chains, their overall TVL and profits increase. But this introduces bridge risk, and some of that risk is taken on by third parties (@kernel_dao hack being a perfect example of this)!

#Renegade #Web3 #Web3Event #Blockchain #Ethereum #WPRC #DeFi #DeFiYield #Crypto #DEX #CryptoTrading #KernelDAO

[Whitepaper Reading Club @WPReadingClub]

Side note: @renegade_fi is hiring engineers to join their team in-person at the Presidio in San Francisco! 🇺🇸

What does Renegade do?
Renegade is a dark pool #DEX for spot #crypto trading. As a crossing network, it pairs buy and sell flow directly, avoiding spreads and price impact entirely.

The protocol has been live since late 2024, has processed $300M+ in volume, and is integrated with leading aggregators including 0x, 1inch, and >50% of #CowSwap solvers by volume. The team has raised $20M+ from top-tier backers!

🔜 Think you're the right fit?
Reach out to Chris at: [email protected] or https://t.co/7wYnJELXQv or @chrisliambender