Today, NickAI (https://t.co/TazKonbDJY), a protocol for AI-agent trading, announced a strategic arrangement for the absorption of Keom’s community stewardship, key team members and selected technical resources into NickAI’s ecosystem. There will be no immediate changes for users and more information for existing will follow shortly.
No immediate changes will occur for users with additional guidance to be provided in the near future.
⚠️ Important Note for Astar zkEVM Users
Keom users on Astar zkEVM should withdraw all assets before the chain is terminated on April 1, 2025.
Please check your wallets for any active LP positions or funds that need to be withdrawn.
Reference Astar's post here for more context
📣 Attention Astar Community
As we move closer to the termination of Astar zkEVM, we highly urge you to take the necessary steps to withdraw ALL your assets before Astar zkEVM sunsets on April 1st, 2025. 👇
📣 Attention Astar Community
As we move closer to the termination of Astar zkEVM, we highly urge you to take the necessary steps to withdraw ALL your assets before Astar zkEVM sunsets on April 1st, 2025. 👇
We just had the best ever Miden ecosystem call‼️
- All Miden core devs
- Roadmap update
- Core updates (VM, Compiler, Client, Node, Protocol)
- 3 Partners and 4 Teams (Pioneers) LIVE on testnet with crazy projects!
Link: https://t.co/8N94vaJ83j
Thread 🧵
In Miden Alpha Testnet v6, builders can use a more powerful foreign procedure invocation including also private smart contracts, account creation is way faster, the VM switched to element-addressable memory, and our Node has a real mempool.
→ https://t.co/xtFgAQIOi4
Miden is an amazing piece of tech. Bobbin is one of the founders we have worked in our history. Highly recommend you follow him. He is not doing a copy cat L2. He is pushing what is possible in Ethereum. Privacy, scaling, client side proving.
I honestly believe there is no more advanced design in the L2 world.
It was great chatting with @bobbinth this week on Miden. Few things amazing about it:
1. UTXO based functioning allowing DAG flows to be created
2. Accounts holding asset allowing for parallelism
3. Transition proofs to be submitted by client.
It will interesting to see the Aave governance decision when it comes to the Polygon vote.
Is the Aave DAO willing to lose a protocol on which it has generated over $120,000,000 in revenue and still generates between $10M and $20M of revenue per year just because of one man’s ego? Time for the DAO to step up.
Needless to say we are ready to take the necessary actions to address whatever decision Marc Zeller decides to force through the Aave DAO if successful.
TLDR:
• Polygon governance was great over the last few days, showing it knows how to take a strong position against a proposal it dislikes.
• Aave and surrounding teams are monopolies that use dirty tactics to create fear.
• Aave and those teams did the same when proposing to shut down Polygon PoS in reaction to Morpho potentially receiving bridge assets that they themselves made a proposal for a month ago.
I’m proud of the governance process that played out in only a few short days on the Polygon forum and X. People should always stand firm in what they believe and make their voices known.
Others need to be outed for the destructive impact they have had on the web3 ecosystem, exhibiting massive monopolistic behavior to control lending in web3. Specifically the Aave and ACI teams were at their usual games yesterday. At the mention of only a pre-pip (many months away from anything real potentially happening), they put forward a proposal to wind down activities on Polygon PoS. Unlike Polygon governance, Aave governance is highly concentrated. @marczeller (Mark Zeller) reminded me of this yesterday when sending an unsolicited DM trying to intimidate me by informing me that his Aave DAO proposal was guaranteed to pass. I’ve never spoken to Marc Zeller in my life, and it was unsolicited only to create fear. The problem for him is that Polygon isn’t a nascent ecosystem that fears Aave; unfortunately, not all are in the same position, especially other lending protocols they attack.
Aave will seek support as they did yesterday to respond to this tweet and others to retain the control they have over lending in this industry. However, new players are emerging who will create a better web3 future. Upstanding people like @PaulFrambot , Founder of @MorphoLabs, @euler_mab, Founder of @eulerfinance, and @CoreyCaplan3, Founder of @Dolomite_io, will disrupt lending on a level playing field. Let’s create that level playing field so web3 should become what it can be.
How can web3 be better? Let’s just take Morpho as an example:
• Morpho developed simple, immutable code like Uniswap that can be deployed without centralized risk management of the Aave DAO. Decisions are made by that captured Aave DAO. Some say “just use Aave” but I think they really mean, “just use Marc Zeller.”
• Morpho has a much simpler code base with fewer attack vectors. Morpho actually used to use Aave until it had to fix so many bugs that it decided to build something better. No more constant war rooms that one day will unfortunately fail for Aave users.
• Morpho allows for significantly greater capital efficiency that can be tested and improved on in independent implementations of Morpho. This cannot happen with one giga-deployment of Aave that needs to be more conservative simply because it is less efficient.
• Morpho is so much simpler than Aave that it has much lower gas fees (3-5X lower fees). This is great for more complex integrations with a lending protocol.
• Morpho allows users to create personalized lending markets tailored to their specific needs and risk appetites. Aave has a standardized approach, where lending conditions are uniform across all of Aave.
• Morpho has a peer-to-peer lending model that mitigates overall economic risk for users. The impact of a default is limited to the specific market involved, preventing a single default from affecting other markets within the protocol. Aave's pooled liquidity model means a single default could potentially destabilize the entire pool. The whole concept of bad debt is so broad on Aave that all users need to at all times be vigilant.
It's time we build a truly open web3.
Hot take - but very true.
Transparent blockchains can’t scale adoption - no privacy.
ZKPs can solve this by being verifiable, private, decentralized, hopefully by default.
Privacy can’t stay optional; it’s the foundation.
@0xPolygonMiden and @aztecnetwork are some of the most exciting infra projects i’m looking forward to. This model is gonna unlock a wide range of use cases across both infra and App layer.
Miden road to mainnet:
https://t.co/WSr2DJAVQB
We get great help from external teams:
- @class_lambda - client and all over the place
- @reilabs_io - mostly on crypto and GPU
- @DemoxLabs - WebClient and TS SDK
- @defined_innov - AirScript and recursion
- @0xs34n - explorer