cede.eth

#ethereum

[cede.eth @c_de_c]

😂😂😂

[sassal.eth/acc 🦇🔊 @sassal0x]

$ZEC is down 30%+ in 24 hours

But thats okay, Zcash works great regardless 👍

[vitalik.eth @VitalikButerin]

Some of my perspective on where the @ethereumfndn is going.

First of all, this is only my own view. The board is not just me, and I have no extra special powers on the board that the other board members do not. @aerugoettinea is the one executing much of this transition. My input has been largely on technical questions. The board is in the process of expanding, and my own power within the org will continue to decrease, which is honestly what I want.

The 2025 era brought many important improvements to EF and its ability to execute. Many issues were resolved, and EF continues to benefit from its improved efficiency and greater focus on concrete goals to this day. And so with those problems resolved, early this year, the largest remaining hole that I perceived was something different nagging at me: I would regularly spot people saying things like "vitalik says these beautiful things about ethereum needing to be decentralized, and have privacy, and be a sanctuary technology, but why do the EF's actions not reflect that?"

Now, you may have been hearing something different. You may not have been sensing a feeling of crisis at all, and maybe were hearing people saying that finally we were taking execution and BD seriously and the main task for us is to keep going that way and be even better and faster. Then probably there is genuine difference between you and me, in what kinds of criticism I take most seriously, and what kinds of critics through their criticism are most able to make me feel pain.

As an analogy, let's briefly switch over to a different domain.

One belief you can have about Google is that it is a success story, and has brought a lot of good to humanity in organizing the world's information. Another belief you can have about Google is that they had a beautiful idealistic beginning, but at some point the corruption of mainstream corporate attitudes seeped in, and they slowly bit by bit completely abandoned the "don't be evil" slogan.

My belief on Google specifically is probably somewhere between the two. BUT, if you had taken me back in time to ~2008, and offered me a button to press to make Google one or two standard deviations more "dogmatic", eg. give Richard Stallman permanent veto power over some key policies, I would immediately press it.

Why? Because a choice for one company is not a choice for the world, or even one country. Google existed and exists in the context of a technology industry generally drifting away from early idealistic don't-be-evil roots and toward greed for financial gain, totalizing visions of accelerated superintelligence, infiltration by sociopaths, and craven capitulation to (or worse, active participation in) government pressure for ideological control, surveillance and war. And so *one company* doing something different, positioning itself to be what George Bernard Shaw calls the Unreasonable Man, resisting the trend of the times, would have been better for freedom, balance of power and stability of society as a whole, than *all* large companies bending to dominant trends. This is a part of my version of pluralism.

This line of thinking is not just mine, but I also is not too far off from what Aya and others had in mind with the Mandate.

Now how does this all get to the role of the EF?

EF is not a "center of Ethereum", rather EF is "one node, with a defined purpose, alongside other nodes". We've always said that the EF should be the latter, but many in the Ethereum ecosystem (and even within the EF) wanted us to be the former. Now, we are taking action to ensure that we will be the latter.

This is particularly important because EF is a limited organization, with limited resources and limited organizational capacity. The EF has only ~0.16% of all ETH (less than many other individual ETH holders), whereas among other blockchains it's common for "the central foundation" to have 10-50%. Fiscally, the EF was originally designed to fulfill a limited work scope defined in the token sale docs and other pre-launch materials (building the chain software; getting through Frontier, Homestead, Metropolis, Serenity), which was fully completed in 2022; it was not designed to be an eternal steward.

And so today, the EF is choosing to use its remaining resources to pursue longevity over breadth (yes, this means we sell less ETH). The EF focuses *specifically* on those activities critical to the success of ethereum as a censorship/capture-resistant, open, private and secure system, that would not happen otherwise. This means making hard choices, and in some cases even activities that we highly approve of and people that we highly respect becoming outside of the EF. People of great technical talent, public respect and even alignment with the mission and CROPS being outside of the EF is in fact necessary if we want important tasks to be able to attract outside capital. This also means the EF taking opinionated stands culturally.

This is all intended in cooperation with all other parts of ethereum. We recognize that many other parts of the ethereum world highly respect CROPS and related values. But highly respecting is not the same as choosing to specialize and totally dedicate to a domain (Compare in a different domain: I think reducing animal cruelty is important, and I like vegan food, but am not full unconditional vegan myself)

EF is still in a transition period, and we expect its new long-term form to stabilize over the next few months. What are the guiding principles of this new form? Again, I am only one person, but I can give my answer from a technical perspective (there are also critical non-technical aspects).

At the core, *Ethereum must be impressive*. We are living in an age of highly intelligent AI and all kinds of other technological acceleration. "Status quo EVM, with a hard fork or two a year to optimize for short-term needs of users" is not interesting.

To some, "impressive" means: 250ms latency and 1M TPS. I think Ethereum trying to go that route is a mistake. Being as fast and as scalable as possible, and only a small epsilon more decentralized than the others, is a route to mediocrity, and if we try it we will lose.

I think Ethereum should scale. But I think Ethereum should strive the hardest to be deeply impressive in a different dimension: the CROPS dimension. This means things like:

* Provably bug-free Ethereum. This is a goal that all cybersecurity researchers would have thought is absurd and impossible, up until roughly 6 months ago. Now, it's on the cusp of being possible, thanks to AI-assisted formal verification. So we should be frontrunners in doing this.

* Available chain consensus. Ethereum is, and with lean consensus will cotninue to be, the ONLY chain that has both (i) traditional-BFT style properties that it's safe under asynchrony up to a high level of fault tolerance, and (ii) the bitcoin PoW-style property that under synchrony it's safe up to 49% attackers. As far as I can tell, literally no other chain has this or is planning for it; bitcoin goes for (ii) only and most other chains go for (i) only. Some will remember I fought hard for this, Unreasonably insisting that it is not OK for ethereum to rely on social consensus and hard forks to rescue ethereum from 34% of nodes going offline. It's OK for chains like hyperledger, bnb, solana, tempo, etc. It's not OK for bitcoin or ethereum or eg. zcash.

* Intermediary minimization. The fact that smart contract wallets, protocols like railgun, etc have to send transactions through intermediaries to get included onchain is honestly embarrassing, and it's a constant point of fragility. Hence the work on FOCIL and EIP-8141 (and 7701 and years of work before) to make transaction sending intermediary-minimized with public mempool and strong inclusion properties, in a truly general-purpose way, that covers not just eg. secp256r1, but also privacy protocols and much more. Kohaku is pushing intermediary minimization at the user layer, pulling Ethereum away from the dystopian status quo world where our wallets don't even verify the chain, send our private data out to a dozen third-party servers, and toward a brighter CROPS future.

Some of these goals are Unreasonable - maybe Ethereum would be "fine" getting only 50% of the way - what if we depend on intermediaries, but make it easy to switch? But going 50% of the way would not make Ethereum Deeply Impressive in the CROPS way. So we push for 100%.

Fortunately all these goals are compatible with high TPS, this is a major focus of research (esp. on scaling the state). Well-designed L2s can also help, especially L2s optimized for specific applications (eg. high-volume trading, privacy...). These goals are even compatible with significantly lower slot times, thanks to Raul's work on erasure-coded P2P, and many other optimizations.

The most high-value "product" of the ethereum blockchain, financially speaking, is ETH the asset. Ethereum secures $250 billion of ETH. The types of properties of Ethereum that I mentioned above are very good for ETH the asset. Nearly 90% of my net worth is in ETH, and most of the remainder is ~$40m of onchain fiat of which every dollar has already been allocated for some open-source biotech or software or hardware initiative. That said, there are aspects of supporting ETH the asset - *necessary* aspects even - that are outside the scope of the EF. This is where we need other heroes (some of whom hold more ETH than the EF does) to step in and help. EF has been recently thinking more about how it will relate to other such organizations, and give them needed initial support.

EF will be a smaller ship than in previous years, a more opinionated one - in some cases more opinionated in ways that might be difficult to comprehend - but a longer-lasting one, and one suited to making sure that ethereum brings something meaningful to the world. We are grateful to all those inside and outside the EF who are helping to make this happen.

[0xngmi @0xngmi]

The rsETH hack is leading to withdrawals across all lending protocols, even on solana and unaffected protocols:
- Aave: -6,200m (-23%) net inflows
- Morpho: -716m (-9%)
- Sky: -272m (-4%)
- JupLend: -76m (-8%)

[Aave @aave]

The rsETH markets on Aave V3 and Aave V4 have been frozen. Aave's contracts have not been exploited and this is an exploit related to rsETH.

The freeze follows an exploit of the Kelp DAO rsETH bridge. Freezing the rsETH markets prevents new deposits and borrowing against rsETH collateral while the situation is assessed.

We are reviewing information about rsETH borrows on Aave that occurred after the exploit and will share more details as soon as possible.

If the protocol accumulates bad debt from this incident, we'll explore paths to offset the deficit.

[cede.eth @c_de_c]

😂

[ZachXBT @zachxbt]

@Ledger day 62 since the last Ledger customer data breach 🤝

[cede.eth @c_de_c]

👏

[Ethereum Foundation @ethereumfndn]

The EF is donating $500K to the legal defense of Roman Storm, and we will match up to a further $750K in donations from the community.

Privacy is normal, and writing code is not a crime.

[Etherealize @Etherealize_io]

The stars are aligning for ETH:

⏩ $1.25bn ETF inflows over 19 straight days
⏩ Adoption as a treasury asset
⏩ Price turnaround (+100% from lows)

Institutions are noticing.

We’ve come together to tell the world why.

Introducing ETH: Digital Oil for the Digital Economy

(1/7)

[OpenSea @opensea]

OpenSea has evolved.

Beta complete. Full token universe unlocked.

New rewards program live. Welcome to the new OpenSea — the best place to discover, own, and trade anything onchain.

[cede.eth @c_de_c]

@GrindingPoet sent, all the best 🙏

[cede.eth @c_de_c]

@eli_schein bitGANs👌

[Ethereum Foundation @ethereumfndn]

EF Treasury has deployed:

- 10,000 ETH into Spark
- 10,000 ETH into Aave Prime
- 20,800 ETH into Aave Core
- 4,200 ETH into Compound

We're grateful for the entire Ethereum security community that has worked diligently to make Ethereum DeFi secure and usable!

[antiprosynthesis.eth ⟠ @antiprosynth]

The .eth goes back on.

The ticker is $ETH.

[Etherealize @Etherealize_io]

INTRODUCING ETHEREALIZE

An institutional marketing and product arm for the @ethereum ecosystem

Our goal? To accelerate adoption by bringing institutions to Ethereum: the digital economy of tomorrow

All roads flow through ETH. We’ll show the world why

Here’s our plan:

(1/7)

[Free_Ross @Free_Ross]

FREEDOM!!!!

[brantly.eth @BrantlyMillegan]

@econoar pretty insane that Trump staked ETH before the Ethereum Foundation

[cede.eth @c_de_c]

🤣

[Coffeezilla @coffeebreak_YT]

>promotes coin on social media
>immediately sells coin
>"i didn't rug"
>"ok i sold but i don't know who wouldn't"

welcome to the crypto in 2025.

[donnoh.eth 💗 @donnoh_eth]

since i've seen a lot of bad takes regarding L2s and their censorship resistance, here's how i bypassed @soneium's sequencer and bought a banned token with a forced tx through L1 🧵

[cede.eth @c_de_c]

😂

[binji @binji_x]

Of course you hate Layer 2s.

You’re a Solana maxi. You just finished reading Anatoly’s Medium post about how block propagation on UDP will “revolutionize the industry”—a post riddled with jargon to mask the fact that it’s a flashy, centralized database running in Amazon’s shadow. You’ll be convinced of that until you attend a hackathon and realize no one actually uses Solana outside of degenerate minting bots. By then, you’ll have moved on to parroting Messari reports, calling everything else “tech theater,” as if Solana’s constant outages are some avant-garde performance art.

“Well, actually, Solana has an unbeatable TPS —”

Does it? Or does it have an unbeatable way of sacrificing security and decentralization for vanity metrics? You got that from some influencer’s Twitter thread, “Why Solana’s World Computer Will Replace Wall Street,” didn’t you? Yeah, I’ve read that thread too. Were you going to regurgitate the whole thing for us? Or do you have any thoughts of your own on this matter? Or is that your shtick? You come into Telegram, cherry-pick stats from Validator Health Reports, and pretend they’re meaningful decentralization metrics to impress some seed fund managers?

See, the sad thing about a guy like you is that in 50 years, when Solana’s final validator is hosted in some rack in AWS us-west-2, you’ll still be convincing yourself that speed was worth it. That decentralization wasn’t a necessity—it was just “optional idealism.” But by then, you’ll finally realize there are two certainties in crypto. One: scalability is a layered problem, not something you brute-force with cheap hardware. And two: you wasted years defending a system where downtime wasn’t a bug—it was just a “feature upgrade in progress.”

[cede.eth @c_de_c]

🧑‍🎨

[Jediwolf @Jediwolf]

Updated version of "Top 100,000 NFT Rarity Tiers" is live ✨

After receiving an enormous amount of valuable feedback I am publishing ver. 2 with the following changes:

* 25 new artists / collections added or updated based on repeatable feedback and open market data.
* Total supply of the table increased from 103,000 to 109,500 (6%).
* Two new positions added in the "LOL Rare" and "YHGTBKM" top rarity categories.
* Improved readability of the table.

It is worth mentioning that the table is primarily based on public market data (floor prices, recent sales, volume etc). Transparency and the availability of sales data were critical considerations during its preparation. While many more artists and collections could potentially be included I believe an additional broader "Rare" (1m) category would be necessary.

Although this table is still a "work in progress" I do not anticipate major changes at this point. Detailed information about the newly added artists and collections can be found below 👇

[Loopify 🧙‍♂️ @Loopify]

https://t.co/ZCpSvxiW7P