DecentMuse

Crypto OG 2013
Perpetual Student
Enthusiast of the decentralized open source economic automation fabric of the internet.

[DecentMuse @DecentMuse]

@intocryptoast My man

[DecentMuse @DecentMuse]

@binji_x Holler at your boi

[DecentMuse @DecentMuse]

@_Enoch @Appledore_0 Also likewise in reverse being able to run flashloan liquidations from L2 lending instances tapping L1 liquidity which would eliminate major L2 growth constraints and requirements to pay for short term liquidity

[DecentMuse @DecentMuse]

@scupytrooples @Ov3rKoalafied @MajorScrubLord Dream team

[DecentMuse @DecentMuse]

L1<>L2 and L2<>L2 synchronous atomic composability beyond native rollups (eg extended to based rollups) would be a game changer for DeFi, and especially lending/money markets.

The ability to run flashloan liquidations cross chain would enable L2 ecosystems to grow rapidly and more economically efficient as there would be no need to pay for expensive LP, and any defi primitives could deploy a simple proxy on the L2, making it an easy decision to deploy and meet users where they choose to engage.

At first it seems like this would make it harder to “own” TVL as there’s technically no need to attract DEX LP but it would allow lending markets to grow without liquidity constraints as liquidation pathways would be greatly expanded (and thus not bottlenecking growth) so this would increase TVL via money markets, also it would allow the L2 partners to grow their liquidity and TVL in a much more economical fashion where the end users would determine where defi legos want to flourish.

Not all rollups will need this but certainly it’s the future of finance focused L2s

[Jordi Baylina - baylina.eth @jbaylina]

Just posted a new proposal on EthResearch about synchronous composability between rollups via realtime proving.

The idea explores how based rollups with realtime validity proofs could enable atomic L1↔L2 and L2↔L2 interactions in a single transaction, bringing back true cross-rollup composability.

Comments are very welcome.

https://t.co/dL5ARGwVK3

#ethereum @VitalikButerin @koeppelmann

[DecentMuse @DecentMuse]

@newmichwill I see what you did there

[DecentMuse @DecentMuse]

@goekhan 🤝

[DecentMuse @DecentMuse]

@jaibhavnani Represent 🤝

[DecentMuse @DecentMuse]

@coinwitch Brrrrrap brrrap

https://t.co/DxWI9pdXBx

[DecentMuse @DecentMuse]

@mfisher10x @katana Likewise brother

[DecentMuse @DecentMuse]

As someone who, once upon a time, was an Aave power user generating mid 8 figures of borrow demand doing defi strategies for a living - I have to say that Morpho architecture is bar none best in the industry. Not here to FUD Aave - will always have respect but for anyone deep in the weeds can clearly see Morpho is the future.

[DecentMuse @DecentMuse]

@dimabuterin dads a chad

[DecentMuse @DecentMuse]

@bread_ @MikeIppolito_ the main benefit of blobs post real-time proving regime is better L1 and cross-rollup interop, with the ability to have atomic execution / synchronous composability.

entirely defragments liquidity b/t L1,native, and based rollups, and can do cross-chain flashloan liquidations

[DecentMuse @DecentMuse]

@mbaril010 Morpho's pretty dope... just sayin🤝

[DecentMuse @DecentMuse]

@LaLiLuLeL0x @lex_node The best play imo is that Base becomes a Based rollup and becomes a cross-chain liquidity vortex using a synchronous composability interop solution similar to this: https://t.co/UKYkNNQGvX

[DecentMuse @DecentMuse]

@Kira_sama 🤌

[DecentMuse @DecentMuse]

my L2 thesis is still the same: that the future largest consumers of blobs(ETH) will come from custom/corporate/collectives that want to customize their environment while plugging into the global digital substrate.

i think major financial hubs and differentiated L2s will thrive, but the future of blockchain isn't just limited to the scope of finance/gambling, it goes far beyond that.

blockchain isn't just a layer on top of the internet, it's the internet itself evolving it's own infrastructure/protocol stack in real time.

blockchain is the pathway that the the internet (aka global social coordination layer) is using to evolve into a suitable digital economic substrate for a Type 1 civilization.

with the state of where ZK proving is today, the L1 is able to scale like crazy now, without sacrificing it's core property - decentralization. it's insane how fast ZK tech is iterating. this is actually super omega bullish for ETH.

regardless of L1 scaling factors (which scale L2s even more) L2s/modularity will always make sense for the use cases mentioned above (customization).

i think a larger framing will eventually shift to value gained/tied through interoperability. as in, part of the reason you want to plug into the internet is to have some level of global reaching connectivity.

depending on how important is it to have atomic composability, like a native rollup will offer where it's basically identical to everything happening on the L1... or the varying degrees on a gradient moving away from that, will determine how much "is it ethereum?" it needs to be.

in some cases, eth-based DA/blobs won't be necessary or may be a hinderance, in other cases it'll be a good value anchor by measure of interoperability degree/ease/security/connectivity (however it unfolds).

if you, like me, believe the world is becoming more global/digital, and the internet as we know it is continuing to evolve - then it's clear there's going to be exponentially more use cases to plug into this future global digital economic substrate.

that means a ton of activity growth on the L1 + a ton of growth in entities/collectives that will materialize as L2s. The more L2s there are, the more L2s that will consume blobs(ETH), the more we will begin to see blob market saturation and true blob pricing emerge (we haven't even seen this yet).

These L2s are structural ETH demand vectors - they have to perpetually consume ETH to continue operation, forever, for as long as they want to exist. That's omega bullish ETH too. So in conclusion, L1 scaling is omega bullish ETH, L2 scaling is omega bullish ETH... the common denominator is omega bullish ETH.

[DecentMuse @DecentMuse]

@ProffEtherPrint Yeah definitely a clear value add for those reasons and the only value drag (taking away fees from the L1) is something that I think only remains true in a bearish crypto future with low global onchain activity

[DecentMuse @DecentMuse]

@Chain_AlphaX 🤝