VelvetMilkman🥛
@VelvetMilkman
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I've been asked what the most interesting project in teh Cosmos is. It's a hard question to answer for one reason:
The Cosmos ecosystem is ahead of its time. 🧵👇
1/n
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The combination of
@LidoFinance
,
@ObolNetwork
,
@eigenlayer
will turn
#stETH
from a Liquid Staking Derivative into an Ethereum Security Fund (ESF).
We will see the first crypto-native ETF be created by combining LSD + MEV + DVT + Shared Security...
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@VinnyLingham
“If it goes up, it’ll go up; if it goes down, it’ll go down” — incredible insights.
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IBC is the interop standard. Rollups should just concede, integrate, and fall in line.
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@FigmentCapital
is excited to participate in the $27m seed round of
@AvailProject
alongside several fantastic funds and angel investors.
I met
@anuragarjun
during ETHCC last year following his talk at Modular Summit. We immediately hit it off and began collaborating.
Their…
The day is here! We’re unfolding the cards!
Avail raises $27m, led by
@foundersfund
and
@dragonfly_xyz
to accelerate the unification of web3!
With this, we’ll build the Avail trinity - a three-phase roadmap aimed at unifying multiple ecosystems in web3.
Consisting:
• Avail…
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Balancing Security in a Shared Cosmos:
Our latest article
@FigmentCapital
dives into the Cosmos Hub's approach to blockchain security, highlighting the innovative Replicated Security model.
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January 10, 2009, Satoshi Nakamoto made the first BTC📷 transaction, sending 10 coins to HalFinney.
On the same day 14 years later, BTC is officially recognized as part of the global financial system.
good work team.
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I can’t wait to begin saying and hearing the phrase “Osmosis ecosystem” over the next few months. The $ION proposal published by
@sunnya97
is the first step.
Implementation of CosmWasm results in full send.
@osmosiszone
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Every application will be a rollup.
Rollapp thesis/appchain thesis is going to come so quickly once they’re easy to deploy, by this time next year it will seem as though it was obvious all along.
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The
@eigenlayer
team is currently hiring for its engineering team.
I can't think of a more exciting team to work with than EigenLayer right now.
Apply directly or DM me if you want me to chat before passing your name to the team :)
There are several open positions at the EigenLabs engineering team. Please consider applying!
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DeFi Hub:
@osmosiszone
Data Availability:
@CelestiaOrg
Privacy:
@penumbrazone
Interoperability:
@axelarcore
Good MEV:
Explorer:
@SearchOnDora
Shared Incentive:
@archwayHQ
Shared Security:
@Sagaxyz__
Interchain Security:
@cosmoshub
9/n
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some VCs are coming back to Cosmos, others never left
Two VCs that have the most Cosmos projects in their portfolio are:
•
@polychain
with 13+ investments & ~$2.6 Billion in assets under management.
•
@FigmentCapital
, which invested in 20+ projects.
Check out which projects they both invested in but haven't launched 👀
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#ReplicatedSecurity
idea:
Any new consumer chain approved by
@cosmoshub
governance, increases the minimum commission rate on staked $ATOM by x%.
The increase remains in place until commissions earned from the consumer chain exceeds the USD value of the x% increase for 90 days.
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11
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Many aspects of
@eigenlayer
and the shared security model will make it easier for new networks to bootstrap TVL for their network while generating buzz around their project.
It also creates additional stakeholders for every protocol that extends beyond its users and native…
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3
50
Big congrats to the Solana ecosystem the past 12 months; big congrats to the Ethereum ecosystem the past 12 months; big congrats to the Bitcoin community the past 12 months; big congrats to everyone who stuck around the past 18 months.
Celebrate the success & enjoy the journey
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2021: Celestia - modularity
2022: EigenLayer - restaking
2023: Anoma - intents
:: the future ::
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@VinnyLingham
It’s your prediction skills I struggle to see any value in. Conditional statements are fairly easy to understand.
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$1.4B of economic security.
193M ATOM staked.
1 ATOM staked earned $0.000075 in value for the month of Sept.
160 validators operating these chains are earned $5,084 combined. On avg, each was paid $31.77 for operating two validator nodes.
No one could have ever predicted this.
Total
@cosmoshub
⚛️ AEZ revenue during last September 💰
-Stride: $20k
-Neutron $335
Visit our interactive analytics dashboard
@DataLenses
for more 👇📷
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I’m more excited to announce
@FigmentCapital
has invested in
@nomadxyz_
and are focused on bringing an optimistically inspired cross-chain messaging to applications and networks across Web3. Are you bullish, anon?
gm! We’re excited to announce that we’ve closed our $22M seed round led by
@polychain
, and with participation from
@1kxnetwork
,
@etherealvc
,
@hack_vc
, and many other amazing funds and angels!
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ETH Denver gave me a lot to think and write about:
- economic sustainability of PoS
- PoW>PoS>PoNW(?)
- endgame for DEXes are to launch your own chain (appchain/rollapp)
- L2s are trading decentralization and censorship resistance for speed
- Bitcoin L2/rollapps
- How PoW is zk?
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Welcome to the
#Cosmos
@StargazeZone
!!! Looking forward to seeing what's built on of the first NFT-focused zone.
The Stargaze blockchain went live today! ✨🔭
Thanks to all the validators that went through many months of testnets to get here.
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The Aftermath doesn’t just build on SuiMove, they know how to build on top of it and use its unique features to their advantage. It’s been incredible watching them build over the past year.
Feels like we have only scratched the surface of their vision for what’s in store for…
Programmable Transaction Blocks (PTBs) are a novel construct on Sui that better enables dynamic and atomic composability. dApps are able to chain together on-chain function calls into PTBs, entirely off-chain, to be signed and submitted for execution as a singular,…
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Congrats to
@eigenlayer
and
@sreeramkannan
on closing their Series A round!
It’s been easy to root for this team over the past year. The focus, enthusiasm & conviction is contagious.
@FigmentCapital
has been thrilled to support EigenLabs since its seed round last year.
Happy to announce that EigenLabs, the team behind the initial development of the EigenLayer protocol, has raised $50 million in a Series A round led by
@blockchaincap
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Ya got a lot of balls paying 0 inflation on your consumer chain and voting to keep inflation high on Cosmos Hub.
🛠️ This proposal also puts small validators at a disadvantage, especially in the context of ICS. With the current costs of onboarding new consumer chains and minimal revenue, it's a challenging environment for them.
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Pretty cool to see Cosmos NFTs crushing it ~keep up the great work y’all!
Stargaze is now firmly a top 10 NFT blockchain by volume, surpassing ImmutableX, Avalanche, and Arbitrum, all which raised hundreds of millions of VC money and aren't community owned.
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I’m incredibly excited to share news that I have officially accepted a position with
@Figment_io
as General Manager of their inaugural VC fund: Figment Fund I, LP. This is an exciting opportunity and I’m thrilled to be part of such an incredibly talented team of individuals.
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1
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We
@FigmentCapital
are excited to invest in the
@ComposableFin
Series A round. This team ships and is readying Polkadot and Kusama to become a leader in both networks’ DeFi ecosystems. Tirelessly building, shipping, and delivering for Dotsama with so much more on the way.
Composable Finance is pleased to announce that it has raised over $32 million in Series A funding. This latest round of funding marks another step in Composable’s journey to achieve blockchain agnosticism in DeFi and the broader Web3 space.
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Excited to be joining
@huobi_incubator
for the
@EvmosOrg
Momentum Hackathon tomorrow at 8am EST.
We'll be discussing green field opportunities for developers in the Evmos ecosystem and what our team at
@FigmentCapital
has been looking into and looking for.
🌟Join our Twitter Space tomorrow at 8 am EST with
@onurakpolat
from
@interchain_io
,
@spacefi_io
,
@VelvetMilkman
from
@FigmentCapital
discussing what is currently lacking in Evmos ecosystem, tackle liquidity issues, dapps, and more!
Tune in here👇:
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Had an absolute blast talking about everything shared security with
@MikeIppolito_
and
@MylesOneil
- thanks for having me on fellas.
Looking forward to the next time. Here's to hotter takes and fewer conversations about parachain auctions in the future! 🫡
NEW POD: Restaking & Shared Security Lessons Learned
@MikeIppolito_
,
@MylesOneil
, and
@VelvetMilkman
unpack:
- Intersection of restaking and shared security
- Lessons learned from Cosmos and Polkadot
- LSTs vs. LRTs
- Emergence of Solana L2s
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we've been thinking a lot about the networks & markets that infrastructure providers serve.
the
@FigmentCapital
team is planning to release several articles exploring the evolution of blockchain infrastructure markets.
looking fwd to issuing as many as possible ahead of ETHCC
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@GwartyGwart
*Goldman Sachs and Blackrock execs walk into a literal casino*
“See that slot machine over there? We’re gonna make our industry exactly like this one day”
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Data Query:
@laconicnetwork
Concentrated liquidity:
@volumefi
NFT Marketplace:
@StargazeZone
Incentivized relayers:
@PolymerDAO
Liquid Staking:
@quicksilverzone
EVM compatibility:
@EvmosOrg
Multi-vault platform:
@quasarfi
Liquidity mgmt:
@sommfinance
10/n
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Interchain accounts will launch later this year and unlock users' ability to control assets across multiple sovereign chains from a single account on the chain of their choice. This unprecedented innovation sometimes makes it hard to imagine what opportunities it'll create.
3/n
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The largest amount of innovation under one roof is taking place, right now, in the Cosmos ecosystem. IBC unlocked the first cross-chain messaging protocol that connected multiple sovereign chains in a fast, trust-minimized way, with almost no cost to users.
2/n
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@DegenSpartan
Within current regulatory frameworks, there’s no way any Pension Fund or ETF can touch a non-KYC LST.
At the same time, liquidity is king. These entities will want to hold the yield-bearing asset and ensure their portfolios have one-push exit from the position.
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Craziest HK story so far:
500gb/second quantum computers built by Huawei selling for $2M a piece.
Founder raised capital from Russian billionaires who want to buy 10 computers so he can crack the Ethereum burner wallet address.
“I won’t take all of it. I’ll
Just take 5%.”
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1
26
Preconfirmations have increasingly gained interest among the Ethereum research community.
The team
@primev_xyz
identified the potential of preconfirms over a year ago when we first spoke with them. They have been building towards a solution to integrate preconfirms into the…
📢We uncover the role of preconfirmations in EIP-4844 in our latest research, “Censorship, Latency, and Preconfirmations in the Blob Market" surfacing the implications of the blob market shift. 🧵 [1/6]
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Seeing & hearing
@pranaymohan
up on stage today talking bridges is an absolute pleasure. The
@opticsXYZ
team is high quality tech and people. (plus they’re really stylish!)
@barbaraliau
@_prestwich
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2
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The tools, chains and apps being built today in the Cosmos ecosystem will serve as primitives for future generations of blockchains. For example, I believe it's increasingly clear L3s on Ethereum will ultimately resemble what Cosmos app-chains look like today.
4/n
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Very excited for
@DougieDeLuca
share his article.
The concept of DST is borrowed from
@ObolNetwork
's Distributed Validator Technology primitive and applied to Layer 2/rollup solutions.
Proposing a New Mechanism to Decentralize Sequencers - Distributed Sequencer Technology.
Our new research piece by
@DougieDeLuca
:
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Neutron was down for >24 hours as they waited for validators to upgrade. Pretty unusual. I have to wonder whether this is a bi-product of misaligned incentives.
Per my post:
"If we want Replicated Security to succeed, we must find a viable path towards sustainable economic…
Balancing Security in a Shared Cosmos:
Our latest article
@FigmentCapital
dives into the Cosmos Hub's approach to blockchain security, highlighting the innovative Replicated Security model.
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who token ✅
what token ✅
wen token ❌
why token ✅
how token ✅
1
3
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@chhopsky
@dystopiabreaker
Your company sells skins, weapons, and other “digital assets” that players can access but that they actually own. If your company cancels/suspends/deletes their account, they lose the ability to use those items. None of these in-game, purchased items can be sold between players.
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The Astria EVM is about to ship the first EVM rollup on Astria’s shared sequencer network.
Really excited to support such an incredible team. It’s been one year since we met
@Jskybowen
in our office and threw our support behind his vision.
There is no one who works harder or…
1/ Introducing the Astria EVM, an EVM rollup powered by the shared sequencer network, set to become
@CelestiaOrg
's activity hub 🌌✨
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"up only" but only referring to the fact our team never sleeps.
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@RyanSAdams
Every L2 token (besides MATIC, which isn’t an L2) is a governance token and, right now, nothing more.
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I'm excited to co-host Figment's first Twitter Spaces. On March 11 we will be speaking with the
@steakwallet
team about:
☞ their recent beta launch,
☞ the importance of non-custodian wallets,
☞ where to get a good steak in Barcelona, and
☞ proof-of-stake networks
⏰ Reminder to join our
@steakwallet
🥩 AMA this Friday, March 11th @ 12pm ET
We will be discussing the new
@steakwallet
🥩 beta with
@VelvetMilkman
,
@thelionmeister
, and
@0xAlex_
🧑💻👋
Reply with your questions for
@steakwallet
🥩 below 👇
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7
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@FigmentCapital
recently concluded its investment in
@osmosiszone
. The Osmosis team raised its first strategic fundraising round at $21M.
We
@Figment_io
love what
@sunnya97
@valardragon
@chjango
@dogemos
are doing for the Cosmos ecosystem and all ATOM holders. The team ships.
The Osmosis Foundation just conducted its first ever sale, raising $21M in a strategic round led by
@paradigm
! (number not an accident 😉)
Funds will support the many dev teams and DAOs building Osmosis into the leading DEX in the Interchain!
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RWAs should be issued on sovereign rollups or sovereign rollapps.
At least today, RWAs should require some amount of control (& censorship) capabilities by the issuing party.
Regulations likely insist on federated chains and centralized sequencing for the foreseeable future.
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I can’t think of a greater crutch universally used in crypto than “user”
Exactly who the “user” often remains unspecified. “User” makes it very easy to gloss over the complex, multi-faceted relationships these systems create and avoids explaining exactly who is affected.
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We didn't invest in FTX
We never bought FTT or SRM
We haven't invested in the Solana ecosystem
We never invested in the Terra ecosystem
We never traded with Alameda
We're long-term believers in the space, we invest in decentralized solutions
@figmentcapital
isn't going anywhere
Despite the short-term impact FTX’s collapse will have on the space, the development of a more accessible, antifragile, and decentralized internet will continue unimpeded.
The vision of trust minimization and transparency has come full circle.
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I wrote this awhile back when I was employed at figment.
Staking and taxes remains gray at best.
Given the time of year, I still think it’s the best free guidanxe you’ll ever receive as a US taxpayer (before ChatGPT, not tax advice)
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@hicommonwealth
@AltheaNetwork
I think the most important thing to watch out for is how many sovereign chains begin to implement IBC. Recently Polkadot, NEAR, & Filecoin have all taken steps towards enabling IBC.
From its start
@anomanetwork
will be IBC-enabled🪩
so... wen IBC-enabled
@solana
?
12/n
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Native restaking to EigenLayer is available to non-technical ETH holders through .
@RenzoProtocol
without having to pay LSTs their 10% cut of rewards.
While others countdown
@eigenlayer
LST caps, Renzo users will never have to worry about EigenLayer Caps!
How? It's ez, EigenLayer never caps native ETH deposits.
Restake your ETH with Renzo: link in the bio 👆
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We at
@FigmentCapital
are excited to support
@quicksilverzone
. The team will bring liquid staking to a limitless number of IBC-enabled zones launching on Cosmos.
What makes Quicksilver so compelling compared to other solutions?
1/n
4/ Our investors and partners on this journey include
@Figment_io
,
@strangelovefund
,
@ZKValidator
,
@InteropVC
,
@iqlusioninc
,
@Ki_Foundation
,
@regen_network
/
@Cerulean_xyz
,
@ChorusOne
,
@01node
, and
@moonlet_wallet
.
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@TrustlessState
Single sequencer
Proto-rev v. Private company rev.
Fork choice rule
Permissionless bridging
Owns its own DA
I’ve honestly never heard anyone claim that an Ethereum L2 is sovereign.
1
0
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Congrats to the
@tenderize_me
team for building the first liquid staking protocol for working tokens. I’m addition to supporting The Graph, the protocol will also offer LS solutions for
@Livepeer
,
@0xPolygon
. And
@AudiusProject
soon™️
During Graph Day at
@graphprotocol
Tenderize was given a shoutout as the first liquid staking protocol. As a wave 2 grantee from $GRT, we are excited for what this means for us🧵
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some personal news: I am 1 of 92 angel investors in
@jokerace_xyz
.
You're probably asking, "Why, .
@velvetmilkman
, would you take on such daring behavior as angel investing?"
I'd probably respond, "
@jokerace_xyz
helps teams successfully engage with online communities. Idiot."
some personal news:
we raised $2M from
@1kxnetwork
w/ participation of
@seedclubvc
@spice_cap
@TheLAOOfficial
@ArweaveEco
@BoysClubCrypto
and 93 angels—the largest number of angels in crypto history
so we can be the place for any company or creator to build their community:
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Thank you
@Figment_io
for giving me the opportunity to work at this amazing organization.
The team was founded by
@lorientree
@meanderto
&
@ajcronk
& I have the pleasure to work everyday with talented individuals such as
@menzel_clayton
@Ether_Gavin
@andres_solanot
Up & Right 📈
Happy to announce our $50M Series B funding round!
Some quick facts...
✅20x Quarter Over Quarter Growth
✅100+ Institutional Clients
✅Billions in Assets Staked
Thanks all of our institutional and strategic partners who participated in this round! 👇
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The Cosmos SDK and the founders who build on top of it are experimenting up and down the stack. Almost every aspect of blockchains are being tinkered with including:
5/n
1
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It's my birthday and I can't think of anything better than joining
@SceniusCapital
for a podcast to discuss the
@FigmentCapital
origin story, our investment thesis, and incredible teams we back.
Special thanks to
@bennypjacobs
for inviting me on 🫡
🚨 Scenius Studio (Episode
#38
)
In this episode, I sit down with James Parillo (
@VelvetMilkman
), Managing Partner of
@FigmentCapital
.
Following a career in taxation and accounting, Jim developed an expertise in digital assets, which opened up the door to the world of venture…
0
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We at Figment ❤️
@steakwallet
! Most importantly so does my partner, my neighbor and our office manager at our co-work space! These people used to hold their tokens on a CEX but
@steakwallet
UX is user friendly & more retail investors are able to stake and earn passive income.
Steakwallet is a mobile-first, multi-chain, non-custodial wallet that allows users to easily stake tokens and earn rewards 🥩
Check out our
@steakwallet
video guide 👇
0
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4
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CT is really going to make me write a summary of this Tornado Cash indictment just so we can have a candid conversation without all the virtue signaling.
Not really a hill I want to die on.
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A publicly traded co.
Staking $50m of $ETH.
w/
@Figment_io
.
probably nothing.
1/ We are thrilled to announce we have staked over $50 million of ETH, becoming the only public company in the world to stake such a meaningful balance 💥
Here's why that's a big deal👇
$ETHC
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My calendar is absolutely insane these days. I plan my days in 400ms Block Times, send 40,000 emails per second but then I take some time for myself on the weekends by shutting down completely.
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Anyone in NYC tonight and tomorrow? Thinking of throwing a little get together...
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🔘 Blockchain architecture (monolithic v. modular)
🔘 Incentive design (high inflation, no inflation, super-fluid staking, reward sharing with popular apps)
🔘 Privacy-focus (threshold encryption v. completely anonymous transactions v. front-running protection)
6/n
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Now is your chance to try EigenLayer on the goerli testnet.
Happy Try-genLayer Day!
We are excited to announce the release of the testnet for the first stage of the EigenLayer protocol, which supports liquid and native restaking.
Please read the full details here:
1/8
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@iCosmosQueen
don't forget! no matter how low something drops in value, it can always go 99% lower.
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If I’m an ETH staker and the EF enshrines an LST, does the EF issue a governance token to vampire attack Lido?
Do we just switch over based on some false sense of altruism?
Are governance and roadmap decisions of efETH made by a handful of people at the EF who answer to no one?
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@CryptoComets
@officialELTCOIN
@electroneum
@LamdenTau
@snovio_ico
Lamden $TAU recently announced two successful atomic swaps... look out folks
1
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Ethos has been shipping at warp speed. With its mainnet approaching and several chains ready to commit, this feels like a game changer for the Cosmos ecosystem.
Many of the past economic mistakes of cosmos chains - offering high inflation rewards and diluting the value of…
Mainnet loading...
▓▓▓▓▓▓░░░░░░
Read more about our progress towards the Ethos mainnet in our latest dev update 👨💻
Link below👇
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I did a thing!
Thank you
@provokecast
&
@DaraTarkowski
for hosting me on the
@TechonReg
podcast. We had fun discussing decentralization, privacy and the role
@Figment_io
plays in the future of Web 3.
What's up with Web 3.0 ❓
👉
Find out in this episode of
@TechonReg
with
@DaraTarkowski
&
@VelvetMilkman
(
@FigmentCapital
). They discuss the history of the internet and how Web 3.0 can address the privacy & security concerns plaguing the online world 💻
0
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Congratulations to my friends
@barbaraliau
@YourBuddyConner
@_prestwich
&
@pranaymohan
of the
@nomadxyz_
team on an amazing week! It’s been great to watch the traction since going live on Tuesday and the value being bridged at such an early point in time!
3
1
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Has anyone ever attempted (even on a testnet?) to shut down a rollup (1st) and perform a forced withdrawal to an L1 after the L2 isn’t operating (2nd)?
Haven’t seen much information written on forced withdrawals or exits from L2s from a “first hand experience” and am curious.
has someone made a forced inclusion (forced withdrawals) front-end for rollups? If not, would be a cool thing to hack together
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Hear me out… is it possible for a rollup to belong to >1 shared sequencer network at a time? (I think yes)
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If you're coming to ETHCC, come swing by the (re)staking house.
House parents:
@chundamccain
@waltjsmith
and me!
we'll be there through the end of the week and will be hosting some incredible panels covering staking, restaking, economic security & regs
Drum roll...
Introducing our July 14 - 24
@EthCC
hacker house events: trustless apps, ZK, Rust, DeFi, identity, staking, restaking
Get nerdsniped by the best founders & builders in town - aka Jessy's cracked friends ☀️
Engage to get our Google Calendar with all the events!
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Governance:
@hicommonwealth
Broadband Mesh Network:
@AltheaNetwork
To name a few of my favorites right now.
11/n
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@POTUS
As someone whose father helps run a gas station, you're hyperbole is wrong and aimed at the little guy.
The markup on a $4.33/gal of gas is $0.14 (split amongst multiple parties). That's a markup of 3.34%.
Are you really focusing blame on independent gas station owners? 🤨
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In 2 years, building apps on L1 Ethereum will seem unusual. Roll-apps using conduit or caldera and submitting proofs as a blob transaction to Ethereum via a shared sequencer will be the norm. The layman won't notice a difference from transacting on L1 today. It'll also be faster…
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Every team building in crypto should listen to some of the insights
@CraigBurel
shares on sales and marketing in crypto (properly time stamped):
This was a really great podcast by
@Lightspeedpodhq
and I personally love working with Craig and
@recvcx
.
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We’re all in this together. It’s been a wild ride in just 4 months and we are just getting started.
2022 is going to be a vibe.
EXCLUSIVE: Canadian blockchain infrastructure and services provider Figment raised $110 million in Series C funding at a $1.4 billion valuation: by
@ninabambysheva
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@MikeIppolito_
There is literally only one correct answer.
@MuratLite
from
@primev_xyz
has been building preconfirms and recommits for over a year. He will literally run circles around anyone else on this topic.
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@andyboyan
@zmanian
@cosmos
@FigmentCapital
is helping to build a group of Cosmos-focused VCs and angels who will work _together_ and invest _together_ without 1 or 2 investors taking an entire round.
Very similar to how Cosmos founders work together and support the development of the Cosmos ecosystem..
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Before any new consumer chains are added to
@cosmoshub
#ReplicatedSecurity
, I think we need to identify and work on the parameters of how to join.
I'm wrapping up an article that I think will offer a fairly comprehensive proposal on what I think makes sense early. next week
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It's not every night I run around a restaurant and think to myself "wow, I'm interested in every conversation happening right now." Thank you everyone that was here tonight. It was a crew. I'm so humbled, happy & honored every one of you decided to spend an evening with us.
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On a personal note, really excited to be joining the Bitcoin L2 ecosystem and supporting
@citrea_xyz
- the team has been incredible to get to work with this extraordinary team and believe their zk rollup will open new opportunities for Bitcoin to put its store of value to work.
1/6 We are thrilled to announce our $2.7M seed round led by
@galaxyhq
with participation from notable investors including
@Delphi_Ventures
(
@Delphi_Digital
),
@ercwl
,
@anuragarjun
,
@barinov
,
@VelvetMilkman
, and others to build Bitcoin's first ZK rollup.
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Althea Network is one step closer to launch.
Althea’s vision is to become the global settlement layer for connected devices and networked infrastructure and is designed for open-access infrastructure.
Althea is already serving communities in 10 US states and 4 countries
Introducing Althea L1 with a new series of blog posts! Read all about the vision behind Althea, the history of its technologies, and how Althea will serve as the settlement layer for the new machine economy:
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Looking back on this memo I drafted in September 2021… not too shabby. Topics included:
🤖 - every validator would use Flashbots or a MEV solution
🍄 - LSDs would dominate PoS Ethereum
🏦 - ideation on a future KYC LSD protocol
Non-obvious & controversial topics back then
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The purpose of this proposal would be to ensure tokenholders are voting to secure networks they believe add long-term value to the Cosmos Hub.
If the consumer chain revenue < the % increase, tokenholders believe supporting the chain is more valuable than the cost to subsidize.
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