tlb

Researcher at LFG Labs | Crypto project enthusiast | Market behavior analyst | Fitness lover lifting at home | Former trader & math student

[Zama @zama]

$5.83M deposited in 48 hours.

The Steakhouse Confidential Prime USDC Vault on @Morpho, curated by @SteakhouseFi, is the first DeFi vault accepting confidential USDC (cUSDC).

[tlb @zzaizzia]

@roger9949 老师图做的不错，一目了然

[tlb @zzaizzia]

@shawnchen_eth 行业实质性进展

[tlb @zzaizzia]

@y_cryptoanalyst @zama @Morpho 看完叙事再看价格走势，都不错

[tlb @zzaizzia]

@BroLeon @zama 门槛低，不用换链、换钱包，直接上

[tlb @zzaizzia]

@CryptoPoseidonn @Predictstreet Congrats to Predictstreet and the ADI team on this huge FIFA partnership

[tlb @zzaizzia]

@ZoomerOracle Love this!

[tlb @zzaizzia]

@TraderLenny1 @ADIChain_ that's awesome

[tlb @zzaizzia]

@Flowslikeosmo @FIFAcom This is huge for $ADI

[tlb @zzaizzia]

@snow949494 🙏🙏🙏

[tlb @zzaizzia]

@ADIChain_Korea @ihc__official @FABConnects @centralbankuae Interestingly, $ADI shows resilience in a market where BTC has experienced a sharp decline

[tlb @zzaizzia]

可能算是 vitalik 对 Layer 2 试错的阶段性总结，结论是 $ETH 以后会更便宜更快，Layer 2 如果你也只是更便宜更快，那你不会有太多竞争力，需要想想其他的路子了。

他给出态度转变的理由是，Layer 2 开发的太慢，同时也很困难，从阶段 0 到 阶段 1的转变非常漫长：也就是 Layer 2 项目方逐步将产品去中心化，放弃控制权这一过程。能做到的寥寥无几，甚至有些项目表示自己不准备放弃控制权。

这个理由当然很合理，但从中能看到另一层含义。 V 曾经认为以太坊生态通胀很快，盘子极速增长，即便把大部分外溢的价值分给 Layer2， 自己依然保持可观的增长。但现实不尽如人意

对通用式 Layer 2 的否定，本质上是要求 Layer 2 自带客户进组。Layer 2 你得先是个应用，你自己能吸引人，你得干我 $ETH 干不了的事，不能进来分我的用户，不然咱这大以太坊生态不就是无限内卷了么。

害，生意不好做，同样的戏码，不同领域都会重复上演。看好 $ETH！

[vitalik.eth @VitalikButerin]

There have recently been some discussions on the ongoing role of L2s in the Ethereum ecosystem, especially in the face of two facts:

* L2s' progress to stage 2 (and, secondarily, on interop) has been far slower and more difficult than originally expected
* L1 itself is scaling, fees are very low, and gaslimits are projected to increase greatly in 2026

Both of these facts, for their own separate reasons, mean that the original vision of L2s and their role in Ethereum no longer makes sense, and we need a new path.

First, let us recap the original vision. Ethereum needs to scale. The definition of "Ethereum scaling" is the existence of large quantities of block space that is backed by the full faith and credit of Ethereum - that is, block space where, if you do things (including with ETH) inside that block space, your activities are guaranteed to be valid, uncensored, unreverted, untouched, as long as Ethereum itself functions. If you create a 10000 TPS EVM where its connection to L1 is mediated by a multisig bridge, then you are not scaling Ethereum.

This vision no longer makes sense. L1 does not need L2s to be "branded shards", because L1 is itself scaling. And L2s are not able or willing to satisfy the properties that a true "branded shard" would require. I've even seen at least one explicitly saying that they may never want to go beyond stage 1, not just for technical reasons around ZK-EVM safety, but also because their customers' regulatory needs require them to have ultimate control. This may be doing the right thing for your customers. But it should be obvious that if you are doing this, then you are not "scaling Ethereum" in the sense meant by the rollup-centric roadmap. But that's fine! it's fine because Ethereum itself is now scaling directly on L1, with large planned increases to its gas limit this year and the years ahead.

We should stop thinking about L2s as literally being "branded shards" of Ethereum, with the social status and responsibilities that this entails. Instead, we can think of L2s as being a full spectrum, which includes both chains backed by the full faith and credit of Ethereum with various unique properties (eg. not just EVM), as well as a whole array of options at different levels of connection to Ethereum, that each person (or bot) is free to care about or not care about depending on their needs.

What would I do today if I were an L2?

* Identify a value add other than "scaling". Examples: (i) non-EVM specialized features/VMs around privacy, (ii) efficiency specialized around a particular application, (iii) truly extreme levels of scaling that even a greatly expanded L1 will not do, (iv) a totally different design for non-financial applications, eg. social, identity, AI, (v) ultra-low-latency and other sequencing properties, (vi) maybe built-in oracles or decentralized dispute resolution or other "non-computationally-verifiable" features
* Be stage 1 at the minimum (otherwise you really are just a separate L1 with a bridge, and you should just call yourself that) if you're doing things with ETH or other ethereum-issued assets
* Support maximum interoperability with Ethereum, though this will differ for each one (eg. what if you're not EVM, or even not financial?)

From Ethereum's side, over the past few months I've become more convinced of the value of the native rollup precompile, particuarly once we have enshrined ZK-EVM proofs that we need anyway to scale L1. This is a precompile that verifies a ZK-EVM proof, and it's "part of Ethereum", so (i) it auto-upgrades along with Ethereum, and (ii) if the precompile has a bug, Ethereum will hard-fork to fix the bug.

The native rollup precompile would make full, security-council-free, EVM verification accessible. We should spend much more time working out how to design it in such a way that if your L2 is "EVM plus other stuff", then the native rollup precompile would verify the EVM, and you only have to bring your own prover for the "other stuff" (eg. Stylus). This might involve a canonical way of exposing a lookup table between contract call inputs and outputs, and letting you provide your own values to the lookup table (that you would prove separately).

This would make it easy to have safe, strong, trustless interoperability with Ethereum. It also enables synchronous composability (see: https://t.co/9jy6v1X6Fw and https://t.co/gZmu3YjebM ). And from there, it's each L2's choice exactly what they want to build. Don't just "extend L1", figure out something new to add.

This of course means that some will add things that are trust-dependent, or backdoored, or otherwise insecure; this is unavoidable in a permissionless ecosystem where developers have freedom. Our job should make to make it clear to users what guarantees they have, and to build up the strongest Ethereum that we can.

[tlb @zzaizzia]

@vnovakovski gLighter

[tlb @zzaizzia]

Zama 的盲拍市场参与了 1.21 亿，不少资金等着尾盘押注，参与金额陡峭了起来。可能是前几个打新项目让市场冷静了些，还是比想象中的要少，但确实也在等这样一个机会，超额收益一般都在市场谨慎时出现，拭目以待

[Zama @zama]

The bidding phase of the Zama Public Auction is now complete.

Total Value Shielded (TVS) has surpassed $121M, marking an important milestone for Zama, Fully Homomorphic Encryption, and blockchain privacy.

The auction contract has entered the settlement phase, and bids from the @kucoincom and @CoinList sales are being included in the Public Auction contract.

Bidders will be able to view their final allocation at https://t.co/sOTkQX67Cl in the coming days.

Claim opens on February 2.

Thank you to everyone who believes in what we’re building at Zama 💛

[Zama @zama]

You can now register for the Zama Public Auction.
Click here: https://t.co/BeBW1J39Qy

[tlb @zzaizzia]

@nntaleb 在我健身的早期阶段，每次训练都会请教练指导；几年以后，我喜欢自己指定训练计划并独自练习。当然，这是指力量训练，拳击我一直有教练

[tlb @zzaizzia]

I m ready

[Zama @zama]

Announcing the Zama Public Auction.

We’re selling 10% of the $ZAMA supply via a sealed-bid Dutch auction on Ethereum, using the Zama Protocol itself to keep bids confidential with FHE.

Why this matters:

◼️ Fair distribution & real price discovery
◼️ No bot sniping or gas wars
◼️ Tokens are unlocked immediately

🗓️ Auction: Jan 12–15
🗓️ Claim: Jan 20

$ZAMA is the utility token of the Zama Protocol, a confidentiality layer for existing L1s/L2s:

◼️ Pay encryption & decryption fees
◼️ Stake or delegate to operators
◼️ Help secure FHE coprocessors & KMS nodes

Mainnet is expected to launch by year-end, with $ZAMA fully functional before the auction.

Get notified at launch: https://t.co/sOTkQX67Cl

[EigenCloud @eigencloud]

TradFi just met DeFi, onchain.

@capapp is bringing institutional credit onchain, powered by EigenLayer.

Its inaugural user? @FlowTraders, one of the world’s largest market makers.

This marks a milestone: regulated institutions are now accessing onchain liquidity through cryptoeconomically secured DeFi infra.

More 🧵⬇️