TLDR of crypto this past month: ✅ Transparent and automated real defi protocols functioned flawlessly and were highly effective at protecting users ❌ Opaque, human operated centralized platforms gambled with user funds and lost it all, hurting their users

A down round for a private company in a normal or hot market (the last 10 years) was considered the start of a death spiral by most VCs A down round in a mark crash (like now)? VCs will look at it as some combination of maturity, a necessity, savvy, or an opportunity

This is what DEFI capital efficiency looks like atm.

Actually, fuck it, let's flip ETH in fees. Need about $1b a day give or take across L1 and Optimism. This should help on the Optimism side...

Somewhere in an alternate universe there are people trading Rare Pepes on Bitcoin Cash

1/x🧵 THE JAPAN MOMENT IS NOW. If you think crypto is crazy right now, watch what's happening to the worlds MOST indebted #g7 country! Forget FOMC. Forget 3AC. Forget Celcius. Since 2010 I've been closely following this situation... Thanks to @Jkylebass

maybe we shouldn't have made the mascot for the Merge a bear

@TheDeFiDan Liq price now down to just over $20k

Ropsten has activated proof-of-stake!

After the merge, there will be a much larger faction of "at home" block producers than we've seen under proof-of-work. In order for these independent stakers to extract MEV, we need to think differently about our approach to block production (thread).

No WWDC AR/VR/Metaverse stuff

I wrote up a detailed explanation of the 7-block re-org that occurred last week on the beacon chain. It goes over the basics of the PoS Ethereum consensus and shows visually how the re-org happened, and why it is not inherent to the protocol

Does this surprise anyone??

Alt L1 adoption is mostly driven by Ethereum running in the limits of its current capacity, the shift from B2C to B2B (rollups) makes ethereum more accesible for the end user without sacrificing security. +user = +devs/dapps = +vibrant ecosystem

The only remaining stablecoin

We are proud to share that Yearn is now 100%… whatever this is.

I'm moving closer to a request to all staking service providers and staking liquidity token providers to make a public commitment to limiting their influence over the beacon chain to 22%. The social layer is the first layer of defense on the network.

This is proof of my account ownership and participation in @0xPalladium. ▫️▫️▫️▫️▫️▫️▫️▫️▫️ 73ec0f881251860f48b56ecb96069a597b7d53c81f9b7f378dfc8bc34e3e6f08

#CORE3 is here. 52 candidates and 7 days to decide the next 5 reactors to be ignited. Strap in and cast those votes, it’s gonna be a big week.