etherpilled | ∞ trading

core developer @InfiniteTradePR, math PhD / bayesian / software, cloud & ml engineer / algorithmic trader $ITP $ETH $sato $cbEGGS

[etherpilled | ∞ trading @etherpilled]

Bottom is in. $BTC

[BMNR Bullz @BMNRBullz]

ROBINHOOD JUST PICKED ETHEREUM FOR TOKENIZED FINANCE

Robinhood has launched Robinhood Chain, its own Ethereum Layer 2 built with Arbitrum technology.

The goal isn't another crypto chain.
It's bringing stocks, ETFs and real world assets onchain.

🔹 Built on Ethereum
🔹 Tokenized stocks & ETFs
🔹 24/7 trading
🔹 Self-custody
🔹 Direct access to Ethereum DeFi

Robinhood says it chose Ethereum's security, liquidity and ecosystem as the foundation.

That's a major vote of confidence for Ethereum

$HOOD $ETH

[etherpilled | ∞ trading @etherpilled]

@hekmachine @ethereumfndn Wow trillion dollar idea!!

[Barnabé Monnot | barnabé.eth @barnabemonnot]

"Ethereum may prove to be more technically durable than Bitcoin. It is more easily upgradable, and its roadmap provides transparent, trackable, and underwritable insight into how the developer community is thinking ahead. When looking toward the future – and the new risks introduced by innovations like quantum computing – we believe such adaptability is a feature rather than a bug. Core to any quality SOV asset is the conviction that it will still be around in a decade. Ethereum has shown to be resilient through major technical and social challenges – the DAO hack, the merge, and more – and we believe it will continue to thrive on this front."

[Barnabé Monnot | barnabé.eth @barnabemonnot]

I'm joining Ethlabs @ethlabs_org, a new R&D lab to grow Ethereum and ETH.

The network and the asset are entering a new age of adoption, and this is a shift we cannot miss. More capital is coming onchain, both institutional and retail, through the portals of DeFi, stablecoins, prediction markets, agents, and many other venues.

I want a world where this capital powers greater wealth, where the system is transparent and verifiable, while value remains private and uncensorable. This is what Ethereum, with ETH at its centre, can offer better than anyone else. This is at hand, and we need to deliver on it.

In recent years, as a core steward of Ethereum Protocol R&D, the need for a tighter loop between the protocol and product layers has become impossible for me to look away from. We'll work to ensure that the Ethereum platform meets the moment and grows to become the settlement layer for the global economy.

This means, for me:
• Improving blockspace quality and mainnet execution, with a faster Ethereum L1, the heartbeat of the network, and a stronger transaction supply chain.
• Improving the free and secure flow of assets on the network, with seamless, unbreakable bridges and composability.
• Being a technical partner to innovative products wishing to leverage Ethereum's unique properties with best-in-class user experience.
• And delivering without compromise on Ethereum's core properties always, wherever our mission takes us.

We're excited to get started and I could not be more grateful for the support we have received from our funders. I am reminded today that we are surrounded with immensely talented and incredibly supportive builders, core devs, allocators and investors, who all share the same passion and care for Ethereum.

Ethereum is a special network, in a special ecosystem.

Please reach out to chat and learn more, and let us know your interest in joining our mission with an email to [email protected]

[etherpilled | ∞ trading @etherpilled]

@ethlabs_org I'm open to help. DM

[Haseeb ＞|＜ @hosseeb]

New Ethereum org just dropped.

While the EF is shrinking its mandate and more focused on protecting Ethereum's core properties, a group of EF builders have spun out to create a second org.

Its mandate is simple: accelerate Ethereum. Increase adoption. Protect DeFi. Solve the biggest problems and make ETH the currency of the internet.

(Yes, this is the number go up org.)

Proud to be supporting ETH Labs.🫡

Disclosure: Dragonfly holds $ETH, but I'm supporting ETH Labs personally.

[Vegeta- SATO @vegeta32r3]

SATO continues to show strong organic traction as a community-driven, operator-free protocol on Ethereum.

According to Dune Analytics, over the last 30 days SATO has generated approximately:

$26.8M+ in on-chain DEX trading volume

88,000+ DEX trades

8,400+ unique traders

Dune query:
https://t.co/B3fsl8cdLF

Additional:

-Featured in the Binance Wallet Hook Summer section
-Featured in the OKX Wallet V4 Hooks section
-Listed on CoinMarketCap DexScan
-Listed on multiple centralized exchanges
-Nearly 10,000 on-chain holders.

➡️Market Sentiment is not good. But this stats are very good.

[etherpilled | ∞ trading @etherpilled]

@Tonboss1990 put them to work here

https://t.co/OGN1BrmCb1

the only yield product for $sato

[Stacy Muur @stacy_muur]

Ansem shorts Ethereum and suddenly it starts trading like it just cured cancer.

Incredible.

[Sharplink @Sharplink]

#Ethereum just hit a major developer milestone.

@joechalom breaks down why this development is the network's hidden superpower.

[Infinite Trading Protocol @InfiniteTradePr]

We've launched a new home for $stsato: https://t.co/iiFJz87LA0
Thanks to community feedback, we've already fixed the initial bugs and improved the experience.

Our previous domain was mistakenly flagged as phishing because of its similarity to https://t.co/dDnvfhbVDu. In reality, $stsato is an ownerless and immutable DeFi protocol built on top of $sato, designed to let holders earn yield seamlessly and each transaction burn $sato.

Thank you to everyone supporting this vision. This is only the beginning.

Earn and burn $sato with $stsato.
Borrow against your position.
Leverage your exposure.
More $sato vaults and other products are coming soon.
Stay tuned.

[etherpilled | ∞ trading @etherpilled]

@growthmindco @solana @nikitabier Yeah looks too high imo

[etherpilled | ∞ trading @etherpilled]

@solana $AOL

[etherpilled | ∞ trading @etherpilled]

@5280Theta @SAMALTCOIN_ETH The real question is who will sell eth after he and others buy the whole liquid supply

[etherpilled | ∞ trading @etherpilled]

Lmfao

[etherpilled | ∞ trading @etherpilled]

@Booksey @Cointelegraph @0xPolygon How much will be that worth if every time you buy $1 of those tokens?

[vitalik.eth @VitalikButerin]

I think it's healthy for us in the Ethereum world to have a more bold and open mindset to many things, particularly on the application layer and on how we see ourselves in the world.

We should not compromise on core properties: censorship resistance, open source, privacy, security (CROPS). We should not have "open mindedness" of the type that leaves people with no confidence of what security properties the L1 will still have one year from now. We should not ask ourselves questions like "do we really need light clients to be able to trustlessly verify correctness of the chain?". But especially on the layer of applications and Ethereum's interface to the world, we should be more willing to radically rethink various concepts and step outside our comfort zone.

This includes issues of technological direction, eg. "what if AI basically means that wallets as browser extensions and mobile extensions are dead within a year?"

One example last year was the shift to thinking about privacy as a first-class consideration, something we value equally to the other types of security. This implies a radically different Ethereum application stack, because the entire stack so far has not been built around privacy. Great, let's build a radically different Ethereum application stack!

An example this year is the growing work on the networking side of privacy, both inside the EF and outside.

It includes application-layer issues, eg. "what if the rest of defi is basically just universal futures markets on top of a good decentralized oracle and letting users self-organize on top of that?", and "what if the ideal decentralized oracle is just a SNARK over M-of-N small LLMs over zk-TLSes of some major news sites?"

(BTW this is interrelated with the AI issue: one consequence of AI is that it moves "applications" away from being discrete categories of behavior with discrete UIs, and more toward being a continuous space, so "build fewer apps and rely on users to self-organize around them" should inevitably expand as a pattern)

One example this year is rethinking from zero the role of L2s, and what kind of L2s are actually most synergistic and additive to Ethereum.

It also includes culture. This is a big part of "the whole milady thing" for myself, @AyaMiyagotchi and others. Yes, it's a silly meme. Yes, I find the political takes of some milady partisans cringe and sometimes outright bootlickerish (though other milady partisans are quite the opposite). But the core underlying subtext, the message behind the message, is: rip off the suit and tie. If you have your suit and tie on, be willing to grab the nearest wine glass and spill it all over your suit and tie, so you have no choice but to rip it off and reclaim your body's full flexibility and freedom. Actually imagine yourself doing this the next time you get invited to a richpeopleslop formal gala dinner. Take the preconception that you are "respectable", write it down on a piece of paper, crumble it up and burn it. The psychological baptism of doing this leads to the intellectual baptism of unlocking greater creativity and expanding overton windows.

For too long, our algorithm in Ethereum has been: we have this existing ecosystem, what's the logical next step to make it one step better? Now, our algorithm should be: we have this L1 that is amazing and will become more amazing, we have a growing array of tools, both those built within our ecosystem and outside it, what are the most valuable things to build, knowing what we know now? If YOU had to write the section of the 2014 Ethereum whitepaper that talked about applications, and take a first-principles perspective of what makes sense in defi, decentralized social, identity, and elsewhere, what would you write? At least take the step of marking all path-dependence concerns down to zero, pretend for a brief moment that the Ethereum chain today has exactly zero usage and you're the one suggesting or building the first apps, and see what comes out. Do this even if you're the one building today's existing apps. This is how Ethereum can grow back stronger.

[Ethereum Maxis @Ethereum_Maxis]

UPDATE 🚨

ETH leveraged short liquidation liquidity at $8.55B

This is the fuel bull markets are created from.

Sooner or later these leveraged positions will unwind as shorts take profits and it becomes a panic race of force buying to the top.

One catalyst is all is required.

[etherpilled | ∞ trading @etherpilled]

If this is not a warning sign, what else could be

exit sol

[toly 🇺🇸 @toly]

@HunterBiden @gmoneyNFT Yo, if you enjoy hyper liquid, give @phoenixtrade a spin