2077 Research
@2077Research
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Blockchain research 🔬 Deep dives and analyses surrounding the latest within Ethereum and the wider crypto landscape
Joined August 2024
At 2077 Research we are focussed on delivering high quality research across the crypto landscape Expect a variety of content ranging from deep dives into core protocol upgrades to analysis of solutions that fit within various frameworks and/or target specific classes of problems
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@yigityektin @wuodayuko Read the full report on what EIP-2935 unlocks for client design, light nodes, and developer experience here: https://t.co/HLS0D6oPgh (10/10)
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Acknowledgements: This article was written by @yigityektin and reviewed by @wuodayuko. (9/x)
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Many clients already implement some form of local storage. EIP-2935 standardized the feature, improving interoperability and minimizing redundant work across implementations. (8/x)
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It does not interfere with protocol rules or shared state. This approach allows the proposal to adapt incrementally, making coordination or fork requirements unnecessary. (7/x)
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It's designed for convenience, not complexity. It doesn't aim to store structured data, large payloads, or state that belongs in consensus. (6/x)
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The design is minimal: – Key-value map – Namespaced by origin – Garbage-collectable – Optional to implement (5/x)
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Each client currently solves this ad hoc. EIP-2935 avoids fragmentation by introducing a consistent interface for simple persistent storage across implementations. (4/x)
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“Stablecoins must be capable of providing yield without sacrificing decentralization, stability, and efficiency.” @2077Research breaks down how csUSDL is built for the next phase of onchain finance—and how it stacks up against other options. A must-read 👇
Yield-bearing stablecoins improve on traditional stablecoins and earn income for owners by putting idle assets to work. Our latest article explores how yield-bearing stablecoins like @0xCoinshift’s csUSDL can improve treasury management. 🧵
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This allows clients to persist things like: – Sync progress – Last tracked block – Custom client flags – User preferences – Cached light client checkpoints (3/x)
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EIP-2935 proposes a standard key-value store (bytes-to-bytes) for Ethereum clients. It's local, scoped by chain and origin, and survives restarts. No consensus changes, no global state. (2/x)
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Currently, Ethereum nodes discard all local, non-consensus data on restart. There's no built-in way to persist client-specific state—everything must be reprocessed or handled manually. (1/x)
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Ethereum has come a long way, but the more we scale and evolve, the more the limitations of node persistence become clear. EIP-2935 proposes a fix that's elegant, minimal, and long overdue. đź§µ
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@0xCoinshift @arbnom @eawosikaa Read the full article by @2077Research on how yield-generating stablecoins can supercharge treasury management here: https://t.co/8hQKc09lWn (11/11)
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@0xCoinshift Acknowledgments: This article was written by @arbnom and @eawosikaa. Thanks to the Coinshift team for feedback, review and suggestions. (10/x)
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@0xCoinshift Stablecoins are the future of onchain finance. As businesses move onchain, treasuries need assets that preserve capital efficiency while generating sustainable yield. Yield-bearing stablecoins like csUSDL are poised to play a key role in this paradigm shift. (9/x)
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@0xCoinshift Treasuries and DeFi users can deploy csUSDL in various ways: - Earn passive yield by depositing csUSDL - Use csUSDL as collateral to borrow - Supply csUSDL to pools like Balancer for extra rewards - Split csUSDL into Spectra PTs & YTs to hedge yield exposure (8/x)
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@0xCoinshift csUSDL compares favorably to other yield-bearing stablecoins and provides the following benefits: - Permissionless access - Transparent governance - Predictable and sustainable yield - Full DeFi composability - Simple redemption mechanics (7/x)
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@0xCoinshift csUSDL governance is currently led by selected Curators. Future upgrades will let SHIFT holders veto Curator decisions and vote on csUSDL market parameters—collateralization ratios, interest rates, LP rewards, and liquidation thresholds. (6/x)
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@0xCoinshift csUSDL maximizes value through key integrations: - Paxos: csUSDL builds on Paxos’ treasury-backed USDL stablecoin - Morpho: Programmatically allocates csUSDL deposits to optimize yield - Steakhouse: Enhances csUSDL’s risk management & capital allocation strategies (5/x)
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Treasuries need a stablecoin that is stable, transparent, composable, and capital-efficient. @0xCoinshift csUSDL aims to be the ultimate treasury asset, combining institutional-grade stability and transparency with DeFi-native yield and capital efficiency. (4/x)
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