404 DAO
@404DAO
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Atlanta’s City DAO - Transforming Atlanta into a web3 hub // Host of @Web3_ATL // 404 Accelerator // Delegate at 404gov.eth // Partner @Blockchain_GT
Atlanta, GA
Joined May 2022
Join Blockchain at Georgia Tech, Emory Blockchain and 404 DAO this Thursday at @TechSqATL as we virtually welcome the @ethereumfndn and @buidlguidl Dive into the fundamentals of building smart contracts on Ethereum and network with fellow builders RSVP below 👇
This week on Thursday, 7:00PM at @TechSqATL , we are happy to host a workshop on how to build on @ethereum with @buidlguidl. Please come to listen to @austingriffith calling in virtually on how to build dapps and smart contracts. Come early for food and drink and to socialize
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DAOs struggle to allocate grants effectively Voter apathy, committee bias, and low-quality signal plague traditional funding rounds But Conditional Funding Markets like @butterygg offer a new approach @Kaleb0x explains how Butter plans to use markets to fund the best proposals
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Uniswap unleashed 🦄 In March, Uniswap Governance passed a proposal for new growth campaigns on v4 The incentive campaign will kick off on Unichain 4.15 ✨ Learn more ↓
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🗳️ Meet the NEAR Endorsed Delegates - House of Stake with @gauntlet_xyz Speakers: @openwebeconomy, @NEARWEEK, @slimedrgn, @areta_io, @404DAO & @alannetwork_ We are going live in 30 minutes! https://t.co/mxC5z2D9Yl
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happy @unichain day to all who celebrate! love to see this deep dive from uniswap delegate @404DAO and @Kaleb0x. flashblocks and the uvn (coming soon :tm:) are just the start.
Poised to launch in early 2025, @Unichain is designed to become the onchain hub for liquidity But what does that mean, and how do they plan to accomplish it? @Kaleb0x explores here 🧵
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Overall, Unichain's use of a Verifiable Block Builder via a TEE and the UVN offers an exciting solution to many issues in Ethereum's rollup-centric roadmap, potentially becoming the home of liquidity 🚀 Follow @404Gov for more updates on Unichain and Uniswap governance
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The other risk is competition from other chains with faster block times: @megaeth_labs (<1ms) @rise_chain (<10ms) @atlasxyz (50ms) Who could potentially increase LP profitability and attract DeFi projects, which could draw liquidity away from Unichain
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This is why @Uniswap is working with @AcrossProtocol to improve cross-chain UX and standardize intents through ERC-7683
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But if cross-chain UX was seamless, a user could just express their intent, and behind the scenes, a filler would complete the order: 1️⃣ Bridge USDC to Unichain 2️⃣ Swap for WETH on Unichain (where liquidity could be better) 3️⃣ Bridge WETH to Chain B and send it to the user
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Cross-Chain UX Fails to Improve Today you have to go through clunky bridges and spend time searching chains for the best price If cross-chain UX doesn’t improve, users may still resort to swapping on their native chains, which may not encourage liquidity to migrate to Unichain
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With these improvements, Unichain has the potential to address the aforementioned problems, position itself as the most appealing chain for LPs, attract significant liquidity, and establish itself as the Liquidity Hub However, there are a few risks to the Unichain thesis👇
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Validators stake UNI on Ethereum and post attestations of block validity By ensuring confidence in the canonical chain as blocks are proposed, the UVN reduces settlement times and enables efficient cross-chain liquidity flow
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3️⃣ Faster Economic Finality Unichain accelerates finality through its Validation Network (UVN), a decentralized network of staked validators that independently verify blocks This reduces risks like block equivocation and invalid blocks that can delay finality
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Through TEE-enforced priority ordering, applications can capture MEV by applying MEV taxes, charging a % of priority fees Regular users remain unaffected, as only searchers bidding aggressively for inclusion would pay high priority fees
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2️⃣ MEV Capture The TEE also allows for a framework for MEV recapture by creating a secure, tamper-proof environment that enforces ordering transactions by priority fees
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Shorter effective block times also lower the adverse selection costs for liquidity providers Faster blocks help reduce arbitrage profits because prices update more frequently, narrowing the window for arbitrage opportunities This could potentially lead to higher LP returns
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1️⃣ Efficient Markets Unichain uses a Verifiable Block Builder powered by a trusted execution environment (TEE) to separate block building from sequencing The TEE issues block pre-confirmations, called Flashblocks, every 250ms which boosts UX and market efficiency
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So, how does Unichain’s architecture fix this? 🔹 Efficient markets: 250ms effective block times reduce toxic flow for LPs 🔹 MEV Capture: Applications can recapture MEV through MEV Taxes 🔹 Faster Economic Finality: Reduced settlement delays enabling cross-chain liquidity flow
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As DeFi expands, Ethereum’s rollup-centric scaling has introduced challenges: 🔹 ⏳ Slow execution: Users face delays and inefficiencies 🔹 💵 MEV exploitation: Arbitrage bots profit at the expense of users 🔹 🌊 Fragmented liquidity: Assets are spread all across rollups
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