Celine Chong

Making staking integration easy @Figment_io

[Jito @jito_sol]

Introducing BAM: The Block Assembly Marketplace that revolutionizes how Solana processes transactions.

Private. Transparent. Verifiable.

This is how Solana wins ⬇️

[Foresight News @Foresight_News]

🛰️FN 热点速递丨以太坊冲破 3400 美元关口，「E 卫兵」迎来出头之日？

趁着比特币高位横盘，这回 $ETH 终于接力强势冲锋，距低点上涨已超 147% 。其波澜壮阔的上涨可谓是多方力量增持 ETH 的结果，所谓的「换庄」确实早已完成。

🏦 以太坊财库公司的全力支持

🔷由 ETH 联创支持的 SharpLink Gaming（SBET）作为首家以 ETH 作为战略储备的公司，如今累计囤积 ETH 已经超过 32 万枚，超越以太坊基金会，并且成为企业实体中最大的 ETH 持有者。目前手中仍有约 2.57 亿美元的资金可用于未来的 ETH 收购。

🔷由 BTC 矿企转型为 ETH 财库公司的 BitMine Immersion Technologies（BMNR） 7 月 14 日曾披露持有 163142 枚 ETH，价值超 5 亿美元。近日，PayPal 联合创始人、硅谷风投教父 Peter Thiel 收购 BitMine9.1% 的股份，加入了囤积 ETH 的军备竞赛。

🔷以太坊战略储备公司 BTCS Inc（BTCS）于 7 月 16 日已正式被纳入罗素微型股指数。此前，BTCS Inc（BTCS）盘前涨超 18.6%，持有的 ETH 总量已达 31855 枚，加密货币与现金总价值超过 1 亿美元。

💸机构投资人坚定看涨

除开上市公司的储备，机构投资人易理华 @Jackyi_ld 领导的 Trend Research 在本轮 ETH 上涨趋势中一直扮演着坚定多头的角色，其从 1450 开始在 X 发文「全网明牌看多」，并以实际购入 ETH 与 ETH 看多期权盈利超 2 亿美元。

近期 Jack Yi 表示：「以太坊 3000 是行业牛市的开始。」并强调看多 ETH 的三点核心理由:

🔹一是行业大牛市趋势，加密政策和降息预期，美股公司都是核心因素。

🔹二是以太坊被严重低估，17 和 20 年 ETH 牛因为 ICO 和 DeFi，这次因稳定币和 RWA 等。

🔹三是言行一致，耐心投资，无视所有 Fud 和黑天鹅，回调就是加仓机会，所有的上涨都不可能是一根直线。

不过行情势头正猛时，不少人也在考虑如何全身而退，传送去看 🧐：https://t.co/jAPR6u2aEX

[Justin Drake @drakefjustin]

Today's a good day to remember why we're here.

We're building the future of finance—internet finance.

Unstoppable global free trade, not trade wars.
Credible neutrality, not entrenched interests.
Permissionless innovation, not bureaucracy.
Undebasable money, not money printers.
Sovereign individuals, not intermediaries.
A multi-decade vision, not 4-year cycles.
The internet, not imperial superpowers.
Positive-sum games, not rent-seeking.
Peaceful revolutions, not warmongers.
Cryptography, not aircraft carriers.
Network effects, not isolationism.
Fairness by design, not cronyism.
Open competition, not oligopoly.
Network states, not nationalism.
Frictionless markets, not tariffs.
Innovators, not lobbyists.
Builders, not lawyers.
Devs, not politicians.

Internet finance is coming. It's built different. Believe in something.

[Celine Chong @crypto_celine]

@AndreasSteno people should look at U-6 unemployment rate instead..the rate we usually see on media is oversimplified and they don't take underemployed part-time workers and discouraged job seekers into account

[Wei Dai @_weidai]

Despite all the negative sentiments on Ethereum, there is actually no other chain that come close in terms of

- Decentralization & resiliency
- Programmability (so excludes BTC until OP_CAT)
- Deep liquidity and Lindy effect
- Widely-accepted standards

Yes, Ethereum lost the memecoin battle to Solana. But that's now basically irrelevant for the upcoming battles.

To win the long war, Ethereum needs to position to win the next wave of big opportunities, which (IMO) are (1) stablecoins/RWA (2) DePIN (or what I call participant-owned platform businesses) and (3) private interoperable chains for institutions.

To do that Ethereum needs to
- Incentivize asset issuance back to the L1 and continue to scale it
- Aggressively push for universal interop standards for L2s

[timbeiko.eth @TimBeiko]

Pectra is going live 🥳

Holesky will fork at slot 3710976 (Mon, Feb 24 at 21:55:12 UTC)
Sepolia will fork at slot 7118848 (Wed, Mar 5 at 07:29:36 UTC)

Assuming Sepolia goes smoothly, we'll pick the mainnet slot on the March 6 ACD call 📅

[Jarrod Watts @jarrodwatts]

Upgrade #1: Censorship Resistance

Currently, block production is extremely centralized.

Two block builders; Beaver Build and Titan Build, build almost every single Ethereum block:

These builders create blocks in such a way that they maximize their profit in the form of MEV; by arbitrarily including, excluding, or re-ordering transactions within the blocks they produce.

Today, if your transaction is not beneficial for these 2 block builders to include, they may choose to exclude your transaction from blocks, effectively censoring your transaction.

This upgrade, proposed in EIP-7805, increases Ethereum’s censorship resistance by allowing validators to select transactions from the mempool and enforce their inclusion through Inclusion Lists (ILs), which builders must respect to have their blocks accepted by the network.

In the Beam Chain upgrade, 16 validators in every slot will build a list of transactions that MUST be included by block builders, meaning block builders can no longer censor transactions.

[Commit-Boost 📻 🕶️ 🦇🔊 @Commit_Boost]

1/ Based on feedback from across the Ethereum community, we drafted a short, less technical document on Commit-Boost. Post and thread below!

https://t.co/zZv5BoidC8

[ctrl/shift 🇮🇹 @ctrlshift_xyz]

Bangkok Devcon coming in a few days! Meanwhile today we assisted to @VitalikButerin keynote full 20min about the future of #ETH Staking.

The final goal is to keep Staking as much as decentralised possible.

1. Reducing staking fee from 32 ETH to ideally 1ETH
2. Reducing Node Operator cost. Cost and technical difficulties are an obstacle.
Goal is to have small devices that will be able to partecipate in a fast way using Snarks to verify blocks.

Amazing event organised by @StakingRewards

Feel free to watch all the video, very insightful!

#ethereum #eth #vitalik #staking #restaking #lido #blockchain #crypto #web3 #symbiotec #coinbase

[Eda @edatweets_]

Actively Validated Services are the most exciting part of the @eigencloud ecosystem & the unique value EigenLayer brings.

This post is an overview of the EigenLayer AVS landscape. With an introduction to what an AVS even is & what people are building 🏗️

https://t.co/jVLBS168HZ

[Eda @edatweets_]

14 more projects building on @eigencloud

@risk_layer - security middleware for DeFi
@UseFirewall - security layer for rollups
@redstone_defi - Oracles for DeFi
@mishtinetwork by @0xholonym - identity
@QuillAI_Network - trust & security orchestration layer
@EspressoSys - sequencing marketplace
@OpenledgerHQ - Data Blockchain for ai
@parasailnetwork - DePIN
@gelatonetwork - RaaS
@DroseraNetwork - security automation layer
@SoleraFinance - cross-chain stablecoin
@Gasp_xyz - cross-chain DEX

Projects using Eigen DA:
@inconetwork
@EdgelessNetwork

[Sreeram Kannan @sreeramkannan]

Idea Propagation in Crypto: A Case Study on MEV
-------------
Thesis -> Antithesis -> Synthesis
Auctions -> FIFO -> CR + Auction -> Proposer commitments
-------------
Problem: How to order transactions in a block?
--- Afaik Flashboys 2.0: first detailed description of problem scope by @phildaian (phd work with @AriJuels): https://t.co/lmnlVFhet3
-------------
Thesis:
Idea: Auction the block.
Protocol: Validators sell the block to the highest bidder
Manifestation: MEV-geth, MEV-boost
@phildaian key proponent
-------------
Antithesis:
Idea: Order transactions based on whichever transaction is received by a majority of validators earlier (FIFO = first in first out).
Protocol: Validators each submit their local ordering of the blocks, and the final ordering aggregates all the local ordering.
Manifestation: Theory - Aequitas (https://t.co/U9ppq1pGAi), Practical Protocol: Themis (https://t.co/riEWQKGPoH)

@_mahimna was key author of these two papers. He was a student of @AriJuels as well :)
@soubhik_deb and I collaborated with @_mahimna and @AriJuels on Themis.
---------------
I was on the FIFO side and we used to have some heated discussions across the two groups (the auction gropu was the dominant one) :)

Here is a fun story. At the stanford conference Sep 2022, there was a panel with @drakefjustin @VitalikButerin @fradamt @phildaian and @zmanian

Someone asked "why does fifo make sense" and @VitalikButerin answered, tongue in cheek, "thats like asking a panel of vegans why factory farming makes sense" conveying the Auction-centric nature of this group :)

https://t.co/5g97UNWMri

---------------
Synthesis:
- Idea: Censorship Resistant "Pre-Block", Auction to find the best ordering.
- Protocol: Include all transactions sent to a majority of users (using Themis-like protocol). Order them via auctions.
- Benefits: Prevents some types of toxic MEV (excluding liquidations via bribing etc), while still capturing CEX-DEX arbitrage MEV etc.

Most vocal proponent: @maxresnick :)
He even made a T-shirt called "End the proposer monopoly"

Manifestation: Multiple-proposer based ordering is being proposed in @ethereum , @solana, and now pretty much everywhere else.
---------------
It is exciting to see these ideas converge!
---------------
My vote for the best protocol for high-throughput censorship resistance is a paper by my former student Bowen Xue (who is a contributor to @eigencloud) created called BigDipper. It is a clearly highly biased vote.

https://t.co/GbQJQBz3EH
---------------
If anyone is interested in experimenting with consensus protocols rapidly on @eigencloud, please DM me.
---------------
Super Synthesis:
---------------
Beyond CR+Auction, there are many more complex methods for proposer commitments.
---------------
Beginning from our work on MEV-Boost++ (https://t.co/x0XbwUKAgn)
to our work on multi-commitment systems (https://t.co/7isLitg7EH)

Now there is a thread of work led by @barnabemonnot at EF, called PEPC (protocol-enforced proposer commitments).
---------------
Many of these commitments can be built out of protocol on @eigencloud. Since EigenLayer uniquely supports native restaking, it allows all validators to equally receive rewards on such MEV enhancements, satisfying @ethereum non-centralization considerations. A new @eigencloud upgrade (https://t.co/6yyeLGObnQ) made native restaking even more affordable!
---------------
With new technologies coming up like @Commit_Boost for adding arbitrary new sidecars, there is a lot of scope for experimenting and building new MEV management techniques both for the L1 as well as for L2s. If you are interested in building MEV management on @ethereum and want to explore @eigencloud please DM me.

[The Rollup @therollupco]

NYC Sessions EP. 4: Is AggLayer The Solution To The Modular Fragmentation Problem?

In the 4th episode of our NYC chain abstraction focused content marathon, @andyyy & @0xask sat down with @davidesilverman of @0xPolygon to discuss the evolution of Polygon's product line and the ever-growing importance of interoperability solutions such as the AggLayer.

AggLayer offers a shared bridge model that enables smooth cross-chain communication while supporting multiple rollup stacks and consensus mechanisms via "pessimistic proofs" which have been in development for some time.

But, is this the solution the Ethereum ecosystem looking for?

Is AggLayer competitive or collaborative with Superchain?

When will we expect to see AggLayer in prod?

These, and many more, answered in the full interview with David Silverman. Watch or listen to today's spicy, yet insightful interview detailing where AggLayer fits in the modular thesis:

02:20 Is David a crypto OG?
03:43 Polygon's Evolution and the AggLayer
14:36 AggLayer Can't Rug You
18:31 What Users Really Want
23:44 Understanding the AggLayer's Security Guarantees
30:51 The Business Model of AggLayer
37:34 Road To Mainnet

[Gauntlet @gauntlet_xyz]

1/ With LRTs continuing to garner significant adoption, a framework for evaluating risks is paramount for users to understand the market risk landscape for each token.

Today, we published a blog on LRT market risk as part of our partnership with @eigencloud.

Let's dive in👇🧵

[TechFlow 深潮｜APP 已上线 @TechFlowPost]

Vitalik 今日铸造新 ENS 域名 dacc.eth，读懂啥是DACC

dacc对应的是此前硅谷大佬们热捧的e/acc，翻译过来叫做“有效加速主义”（Effective Accelerationism）。如果觉得摸不着头脑，可以通俗的将其理解为：

你应该对技术进步带来的巨大好处表示欣赏，并希望加速这种趋势，以便更快地带来这些好处。

总结起来就是技术加速主义。

典型的例子就是 AI，当GPT等产品让大家尝到甜头并惊叹于技术进步时，e/acc的观点就应该是继续大力支持AI的发展，让它更加智能化，服务更多的场景。

而Vitalik 倡导的dacc则倡导不同方向： “防御优先”。

Vitalik 认为，一个偏向防御的世界是一个更好的世界，因为它不仅直接提高了安全性，减少了冲突，还使健康、开放和尊重自由的治理形式更容易蓬勃发展。

那么，我们究竟要防御什么东西？

网络攻击/隐私侵犯/信息战/生物安全和公共健康……

d/acc概念的核心也就是：在不同的领域加速技术发展，来防御不同领域可能产生的攻击和风险。

了解dacc概念全部内容，请查看旧文：

https://t.co/wOs6BcODvJ

[EigenCloud @eigencloud]

Ethereum is the verifiable internet.
Rollup is the verifiable web server.
AVS is verifiable SaaS.
Eigenlayer is the verifiable cloud.

[阿尔法新酱 | 0xShinChan 🇭🇰 @0xShinChannn]

The liquid staking/liquid restaking war has now extended from protocols fighting for TVL to infra level with the debut of @Karak_Network as the universal restaking layer🧵

Few keynotes about the Ethereum ecosystem and the role of Karak, plus controversial discussions ongoing.

【 EigenLayer VS Karak 】
• Ethereum's role in L2 ecosystem is challenged by modular blockchains like @CelestiaOrg and @dymension to simplify L2 + app.
• @Karak_Network and @eigencloud both offer pioneering approaches to utilizing restaked assets for enhancing security across dApps, but they differ in their methodologies and capabilities.
• Karak's K2 layer serves as a "sandbox" for DSS development, testing, and launch, with an emphasis on decentralizing services. Eigenlayer's approach is rooted in a mutual opt-in system between stakers and operators for a secure delegation process.
• Check out ShinChan's summary table in this tweet for the fundamental differences. If you ask me,
Karak delivers a more versatile solution supporting asset types + holistic security services. In contrast, Eigenlayer presents a targeted, Ethereum-specific approach with a security services marketplace.

【 Metrics on Karak + PR Crisis? 】
TVL surged to $100M within 24 hours since invite-only soft launch. It's not impressive tbh when compared to the hype with EigenLayer + given its $48M Series A at $1B+.

Focus of Karak atm seems not on its infra/tech side but the team background + cap table. @cryptoian + @RayRaspberry1 talked about the controversy publicly.

But if you are gonna stake for airdrop farming, ShinChan's pick is @swellnetworkio $swETH and/or $rswETH for 3x SWELL multiplier. One good thing is that withdrawal for $swETH is now available. Peg for 10K is kept at 99.4% which is okay. One more thing is SWELL TGE is happening this month. So the conversion efficiency would be imminent.

[ViNc @ViNc2453]

Karak的前世今生 - 🪂挖还是不挖

Eigenlayer发币程序一塌糊塗、自我眨值，各方眼光开始转向其Restaking竞品 @Karak_Network，其操作比EL更简单粗暴就是各种质押赚XP积分。关于团队上一个项目的Fud也不少。现在就看一下挖还是不挖，以及VinC怎样挖。
(1/8)🧵

[Ethan yu @Ethanyu]

喝了2天，听了听牛逼：
1.华人机构Fomo 比特币生态和Restaking，欧美/海外基因的机构Fomo Solana上的DePin，少量机构Fomo Cosmos生态相关的Bearchain,部分机构因为上轮被套在GameFi，所以现在只能继续硬头皮推，不过所有最后都殊途同归都要大🈹，估值简直都离谱到家了🤦
2.几乎所有共识是Solana上金狗真的太多了，暴富效应一直在持续，这几天去base的土狗流水盘又转回Sol了
3.不是Kol作用比VC大，是因为KOL资金比较灵活也可以随便喊单删推，解锁方式也更友好，让机构官推喊单你肿么办？另外一方面机构也不是人傻钱多，你一上来就1亿美金💲估值，整个3年36个月才能完全退出，又不上binance,OKX ,让我现在投50万美金是你傻还是机构傻
4.新人和想进行业的确实很多，年轻人又主动热情又好学，也没有行业包袱，看好梭哈就是干，但是新人还不够多，所以牛市还在初期😏
@thecryptoskanda @xingpt @keyahayek @0xminion
几位大🈹来补充下

[Figment @Figment_io]

Curious about the differences between a liquid restaking token (LRT) and a liquid staking token (LST)?

@liquid_col breaks down staking, liquid staking, restaking, and liquid restaking, showing how all types of staking can interact within a diverse crypto ecosystem.

Read more: https://t.co/nBuJs2mlv2