Coinbase NFT platform, zkSync updates and more - The Daily Gwei Refuel #229 - Ethereum Updates

Transcript

hello everyone and welcome to another episode of the daily grey refuel where recap the latest news in ethereum ecosystem i'm your host anthony cesano and today's the 13th of october 2021 all right everyone let's get into it so a big announcement out of stripe today the global payments company a lot of you will be familiar with stripe they're huge i mean 100 billion plus company uh not public yet actually still a private company but they service a lot of the world's kind of payment infrastructure here so they announced that they're going to be starting a new crypto team uh so if you are interested in you know joining stripes crypto team you can go check out these roles this will of course be linked in the youtube description um but there's not much more information given here i guess like given that they're a payments company

they're going to be doing payments focused crypto stuff which makes sense but what i wanted to talk about and i kind of wrote about this in the newsletter today as well is basically the fact that we've seen a lot of these you know bigger kind of web 2 companies these institutions these non-crypto native companies adding like a crypto division right like it's like they they need to do this for a number of different reasons one of the biggest reasons is that if they don't then it's going to get disrupted by the kind of like companies that do and i spoke about this the other day in another delegate newsletter titled the great brain drain which was talking about how i believe there's a lot of people going from the web 2 world to web 3 they're kind of leaving their web 2 job behind and going to work within web 3

and i'm sure these big companies are seeing this right they're seeing this kind of like talent drain this brain this brain drain and they're thinking wow okay we have to stop the bleeding here we have to plug the whole why these people leaving and they're realizing that they're leaving to go work at crypto companies so i mean a very smart move on straps stripes are behavior i'm actually a little bit surprised that it took them this long to integrate crypto into what they're doing or to start a crypto team obviously we had paypal i think it was late last year uh kind of to uh do stuff with crypto robin hood as well um stripe seems to be late to the game in terms of i guess like giant uh kind of payment related companies uh you know i mean they're not the latest of

course the latest of the game will be the massive financial institutions like banks and then things like that uh and you know when they integrate crypto it's going to look very different to when someone you know a company like stripe does it but still the trend is there the trend is very very clear if you do not have a kind of like crypto focus and you're you're a mega company especially a company that is handling money in any form whether that be kind of like it's payments infrastructure or custody or kind of like doing financial services anything in general if you don't have a crypto strategy for your company and you aren't you know actively thinking about uh and and integrating crypto products into your into your own products and services well you're gonna get left behind and you're gonna get disrupted and the fun

thing the funny thing is is that i think a lot of these companies are very aware that uh you know of being disrupted because they were the disruptors over the last 20 years a lot of these internet native kind of like web 2 companies where they came in they disrupted massive existing institutions and companies and basically put them out of business classic example being like netflix putting a blockbuster out of business essentially um and just streaming services in general putting a lot of pay tv um kind of like not out of service but essentially forcing them to to kind of like adapt at the end of the day so the same thing's going to happen here crypto is going to force these companies to adapt whether they like it or not because they're going to get disrupted if they don't and i think they're much more aware of it than their

you know than the ones that they disrupted over the last 20 years so it's going to be very interesting to see what stripe kind of like i guess um pumps out from here if i mean if i had to guess i think that they would just do you know crypto payments to start with within stripe like be able to accept like ethan btc for example and stable coins like i think just doing btc eat and stable coins is kind of like already servicing pretty much you know the majority of the market and then you know you can maybe add other tokens over time or do things with other tokens over time but i don't know if that's really something that they're going to focus on because at the end of the day uh most people hold each btc and stable coins anyway and you know there's only there's

much less people who hold any other individual tokens so maybe they just do stable coins maybe they create their own stable coin who knows like i actually think that we're going to see even more stable coins come to market there's already too many of them but we're going to see even more of them come to market um and it's going to be interesting to see how that plays out as well and how regulators view it too because you know for example if stripe issued their own stablecoin i don't know how that work you know i don't know what that looks like in the u.s or any other or any other country for that matter but the kind of like regulators could look at that and be like okay well stripes issuing its own money right for example just like how they looked at facebook's libra right where they or dm whatever

it's called these days where they kind of like had an issue with it because they're like okay well facebook's a private company and they're about to issue their own money so uh it's it's interesting when when you kind of look at it from that point of view but yeah i mean this is just kind of like the continuation of more and more of these web to non-crypto you know native companies integrating crypto into their products and services so i'm excited to see what stripe does here um in other news i guess like uh coinbase is obviously a crypto native company but i think it's funny they're so big now that they're they're kind of like not just crypto uh they do a lot of things outside of crypto and they bring a lot of uh i guess like non-crypto companies and people that aren't into

crypto yet into crypto so they're pretty much like the front door for pretty much for for most people in the us uh but they announced today that they're going to be integrating nfts directly into their exchange uh into their platform and this comes off the back of ftx doing this so ftx launched their own nft kind of marketplace the other day so coinbase is going to be kind of integrating with ethereum first and they plan to go multi-chain not sure what that means like does that mean they're going to do like all these l1s or are they going to do l2s they've already signaled before that they're going to be integrating with l2s and and uh for the non nft stuff but i also assume that they're going to integrate things like immutable x for sure like you know ethereum layer 2 focused nft platforms

and whatever's popular really at the end of the day so uh this is actually pretty huge because coinbase has a massive user base especially in the us tens of millions of users and you know during the i guess like markets when when the market's hot these users become very very active as well so you have like a lot of these users are also have never um kind of interacted with dfi or nfts or anything on chain a lot of them just buy tokens on an exchange and keep them there um believe it or not so i guess coinbase is acting again as a front door for people to kind of i guess integra sorry uh play around with these products that they haven't played around with before and we saw this recently with their coinbase lend product they tried to basically give their users four percent kind of

like yield on their stable coins by using defy under the hood but then the sec came knocking and said no you can't do that so i don't think the scc has any power here with nfts but it's going to be funny to see if any regulators try to stop coinbase from doing this i doubt it to be honest it's it's very very hard for them to do so and that would be like a gross overreach uh if they tried to do it but i mean i don't put anything past these regular letters these days they seem to be choking down anything crypto but still there's going to be a lot of new users that come into crypto that come into kind of like the on-chain ecosystem because of this and this is how we get mass adoption at the end of the day whether we like it or

not most people want to use kind of like these familiar services even if they're centralized to access a lot of this stuff they don't want to have to deal with you know metamask and uh you know installing metamask installing a crypto wallet and like seed phrases and and having eighth for gas and all that sort of stuff like i'm sorry but like you know maybe maybe uh you know uh you'll be disappointed to hear that most users are not going to ever do that they're going to play with the most abstracted away kind of thing but for me the draw of this technology has always been the choice because you have a choice you can either uh play with dfi on your own uh do it all from your own wallet non-custodially and and decide which apps you want to use and which ones you

don't want to use and have exposure to or you go through an intermediary like coinbase who does that all for you and just gives you a very simple kind of like interface to interact with all these sorts of stuff both approaches are fine obviously i prefer the former approach of doing everything on my own but most people just aren't ready for that and most people just don't want to do that like you know especially when it comes to financial kind of like services and financial kind of like related activity most people don't want to manage their own money like as much as we we like all of us within d5 do and all of us within crypto do most people just don't want to manage their own money they don't even think about it they don't want to think about all these different things with

financial services they're happy to do the bare minimum or to outsource it to someone else they're happy to just keep their money in an account that's paying them a high yield or that or or they're happy just kind of like investing in an into our stock index and that's totally fine there's nothing wrong with that and especially as you get older you you know you change how you invest to like younger people typically invest in in a kind of like more speculative fashion because they don't have much to lose but as you get older you have a family and things like that well you're in like wealth preservation mode right right you're being very conservative about it these people especially are not going to want to be a cowboy on you know ethereum layer 1 or layer 2 and just aping into the newest kind of like djinn farm you

know some of them will uh but a lot of them will not want to take those sorts of risks and that's totally fine and that's exactly what coinbase and other intermediary intermediaries offer to these customers um you know i know nfts is kind of like different to d5 of course and i think nfts uh definitely appeals to a much younger crowd as well uh not just from the speculative standpoint but also from just the way the kind of like nft ecosystem is growing like collectibles and and memes and things like that definitely appeals to the younger crowd but there's a lot of stuff happening in the art scene that appeals to all ages so we you know coinbase may be just the front door for people to get exposure to this digital art that that um of all ages that that kind of like want

to buy that so yeah i mean this is really cool and a cool and a cool thing about this is it's not just like coinbase hosting the nf sorry coinbase i'm selling the nfts and buying the nfts it's actually going to appear to be a marketplace so this is pretty much a direct open c competitor i would say maybe um or or maybe they're integrating with openc i'm not sure i think i i think i remember coinbase ventures being an open c investor maybe wrong there so maybe they're maybe it's even in their announcement post i don't remember seeing it in their announcement post here if they were actually integrating with with an existing uh kind of like uh thing no i don't think so i think they're going to build their own kind of thing here maybe they do source nfts and stuff under the hood with open seas api

or something like that i'm not entirely sure there but definitely seems like they're building their own kind of thing here and you can sign up for early access if you want uh it's only going to be available to us to start so unfortunately i won't be able to access it um you know the one time where the us actually gets access to something that i don't um but uh yeah definitely guys join the wait list if you're interested in kind of like getting access to coinbase's nft ecosystem here so uh brantley uh from the ens team has kind of like updated the login.xyz website or they shared an update here where you can see that i teased this last time that this login.xyz update just had like sign-in with ethereum coming soon well if you scroll down you'll now see there's more information so basically they explain what signing

with ethereum is you can read this spec you can join join the discord channel sign up for community calls uh look at all the updates and research you can kind of like see who's involved with it like uh who's leading it the ethereum foundation ens and spruce and the supporters of it as well so this is really cool to see a little update here to this website um and basically there's also a kind of github repositories as well and bradley goes on to explain kind of like um you know all the kind of like features and there's obviously going to be more coming as this kind of thing progresses on but it seems like signing with ethereum is definitely making a lot of progress a lot of good progress as well and it seems like it's going to be integrated into more and more of the

kind of like web 3 service sorry web 2 services i mean it's already integrated into pretty much all the web 3 services but web 2 is what we really want to hit so i mean this is something that i'm super excited about definitely because it falls outside of the traditional kind of like stuff that we've all kind of been looking at like d5 and nfts it falls into like the quote unquote web 3 area which is still very nascent but maturing at a rapid pace and getting very very exciting at a rapid pace as well so yeah definitely go check out the website for more information here maybe sign up to the community call if you want and check out the updates and research section here as well all right so zk sync has posted an update today on their zk evm so they've titled this the zk evm era is coming and

they have uh launched something called unisync which is the first migrated solidity dap on the zk sync 2.0 test net so it's a it's a port of unisof v2 uh and it's basically a full application running on an evm compatible zk roll up so you know i've talked a lot about starkware recently and about how stocknet's you know these they're kind of like um evm compatible zk roll up or is going live uh very soon we're going um on main in november um and and that's very very very exciting but they're not the only game in town ck sync is building zkvm as well and so is hermes uh which i think there's an update coming from hermes very soon too so it seems like all of these teams are getting to know like main net capacity in a similar kind of like time frame which is super

super exciting and yeah i mean you can play with unisync right now you just launch the dab here you can request some test net tokens i think it's on i don't remember what test then it's on rinkabi or robston um i got some tokens that played around with that transactions were were extremely cheap they were instant um it was it was amazing to see this all kind of like working here uh and you know in this kind of like blog post they detail kind of on this the the approach that they took which they're calling a solidity first approach as i've kind of talked about before solidity needs to be supported like you can't just uh basically expect everyone to want to build their apps from the ground up that's definitely not going to work and it just it takes much much less effort to port your app once you have like evm

compatibility and also solidity compatibility here so really really great to see this update from the mata labs team here about around zkvm and zk sync 2.0 which if i remember from their last update this is drew later in the year early next year and we've got we're going live in kind of like test net fashion as i mean as it already has right with the with kind of like unisync here and then mainnet as well so the zk evm i mean the zk roll up or like the zk era is basically begun i mean we're just like at the very very early stages of it but it's going to come much faster than everyone thinks and you know some people say oh well doesn't this like obsolete optimistic roll-ups not at all they're they can live in harmony together and i think that on the optimistic role

upside as well there's tons of kind of like upgrades and and kind of like efficiency boosts coming there but on top of that the uh the optimistic roll-up teams are also looking at zk technology too it's kind of like a longer term plan here and we're just going to have so many of these solutions it's going to be amazing i fully expect these layer 2s to completely obsolete all the evm side chains in the in the longer term because at the end of the day they can do more for less they cost less to use um they can scale bet more they can scale better they're more sustainable and they also inherit ethereum security so you get the best of basically all worlds and you know i've talked about modular blockchains a ton on on the refuel over the past couple weeks so i won't go into

that again and polly now is not actually featured in today's refuel as well because i think i think maybe at this point i'm kind of annoying you guys with how much i'm talking about much of the blockchains but this all falls into that so keep an eye on how this ecosystem evolves over the next six to twelve months especially it's definitely going to be a thing where evm side chains unless they have like massive reward programs they're just not gonna get any traction anymore and these layer ones are gonna have to do something else to to kind of get traction i just don't um see how users would prefer to use a side chain where the fees are actually more expensive than using an ethereum native layer 2 that not only inherits the security of ethereum but is cheaper than a side chain and they can scale much greater as

well and you also have all the premier apps too because they're going to want to deploy onto these l2s before they deploy onto other chains or other kind of like evm side chains and things like that and you know some of you may be wondering what's going to happen to the most one of the most popular and ethereum alliance side chains the uh the polygon pos chain um you know as i've said before i feel like they're working on hermes of course which is a zk evm uh kind of like roll up there i feel like they've got two options the same options that i mentioned before they could either change the pos chain into a roll-up do kind of like a state migration or something i'm not sure exactly sure what they could do there or the technicalities of it but it's i'm sure it's possible or they could

just have like a migration process where they basically say to users hey you know the pos chain may be deprecated over time in favor of our new really fancy zk vm roll-up which basically offers you the same experience with much lower lower fees than what we have i don't think that migration would happen very quickly i think it would be a pretty slow process so maybe they just find a way to upgrade the entire kind of like pos chain to a roll-up which would be really really cool to to see but we'll have to kind of like see how that plays out there so yeah cool to see this here and zk sync one one really cool thing about zk sync is that you don't actually need eve to pay for gas fees on the network even though uh uh basically um ether is paid

to layer one of course to secure zk sync the end user doesn't need eth so gas and ck sync can be paid in any token with enough liquidity so you can actually uh pay in this demo that they did they paid their token in usdc so they paid the gas fee in usdc instead of eighth now of course they're always going to be paying eth to layer one and if you want to paint if you can but it's really cool that users have more options here that they just aren't forced to pay and eat because a lot of the time you know you may not have enough in your wallet and you're like oh god i wish i could pay in just anything right now it's just annoying having to get eat from somewhere and that's a major benefit to to these sorts of things and

i'm sure a lot of the other l2s will do this as well um i i'm hoping the polygon pos chain does it too but i mean i mentioned the other day they had a thing where you can basically swap any of the token gas free automatic anyway so i mean that's that's a good solution too but uh just like abstracting away all this stuff from the end user is very very important and letting them pay um in usdc or and die or any kind of like really liquid token for for fees on the layer 2 is really great because in the background the zk scene kind of operators or kind of i guess the operators of the the roll-up will just basically stop it for eath and just you know pay the east gas fees on layer one and it's all well and good they handle it for the

end user at the end of the day all right so a little uh update on arbitrarium and gnosis safe is now live on arbitrary one so no to say for those of you don't know is a multi-sig wallet that pretty much everyone uses all the major projects use uh especially the ones that have multi-sigs attached to them now the reason why this is such a big deal that it's live on arbitrom is that all the d5 projects that use uh nurses safe to manage their kind of like um admin keys or mult or kind of like multisigs for their protocols they can now do the same thing for uh on layer two on arbitrary which is is very important for some of these protocols to launch i think alchemix couldn't launch until this was in place for example and i think alchemix also relies on other

kind of like apps too um but just as an example there are definitely a lot of apps out there that needed this so really really awesome to see this live on on arbitrom here so i guess on the zk sync front as well and on the argent front uh the uh i think he's the head of product matt at argent uh basically teased today that he purchased crypto on zk sync with ram network which is like a fiat on ramp uh processor uh using his argent wallet funds received in less than one minute coming soon to a wallet near you this is really the holy grail and what i've been talking about for such a long time now direct fiat on ramp to layer two this is it this is how you onboard the masses to ethereum because i mean fiat on ramp and exchange on ramps directly to layer two

those are the two key key plays here because at the end of the day um when people kind of first come into crypto and they and they buy something we shouldn't be pushing them to to layer one after they've bought it they should they they need to go to layer two layer one ethereum is not where end users are going to sit that's not where they should be sitting at all and i think it's just like a happy kind of like accident or coincidence maybe not coincidence but it's just like a sign of like the layer two tech not being ready that everyone was on ethereum layer one over the past couple of years and that's where all the activity exploded on but that was never kind of like the place where people were going to be so the faster we can get people onto

layer 2 of course um and the faster we can get them directly on there through kind of like a fiat on-ramp the better so i'm really looking forward to this zk sync and rj integration going live very soon i've talked about it a lot they've teased that a lot i'm hoping it's coming soon because they're just teasing it even more lately um and i can't wait to use it of course so stockwear i have integrated a snapshot so snapshot which is i guess like a um a governance platform uh voting platform that's used by pretty much like every major defy app is coming to starknet very soon now again this is like the gnosis multi notices safe multisig this is critical infrastructure for a lot of these projects this needs to be live for a lot of these projects to function and being able to do

governance at layer 2 is actually really cool because what ends up happening is that um these the smaller users with with uh with smaller amounts of tokens can participate in this as well and can actually you know instead of having to kind of like bridge their tokens back to l1 to vote on things they can just vote on it on l2 as well now with snapshot it doesn't actually take an unchanged transaction it's just signing a message so there's no real fees involved but the thing is is that if you're bridging in and out to do voting um and having to breach the layout one to vote on things and then go to layer two to do all your other stuff well then it just becomes a bit messy so yeah this is really cool to see from starkware here a couple of updates from hot protocol so

zappa has now integrated hop on polygon so users can now track their lp and staking positions through zappa and uh they're going to be adding support for optimism arbitrary and xdi next hopefully on zappy here which is really cool to see so you can see here in the screenshot that um you can you know if you're an lp on hop you can see on zappa your share of the pool um if you're lp and kind of like on the polygon side here and the other update as well is that hot protocol uh launched their first native bridge integration so poly market users which is a prediction market platform can now withdraw their funds to a centralized exchange on ethereum in one transaction without having to do a second hop on l1 which is really really cool so the thing is though and as someone notes

here it's still a 53 transaction fee even though you can do this all in kind of like one transaction there is still going to be an l1 transaction fee because it still has to uh kind of like go through l1 to kind of like process to to to go to the um to go to the exchange now when the exchange eventually integrates like native kind of like l2 integration they may eat the cost there on that as well so it'll be fine from there but still good to see just more of these kind of things being abstracted away from the user uh yeah so so cool little updates from hot protocol here uh on to the next one so there's an update from umbra here which is a privacy uh kind of like stealth payments protocol so they just shipped a major upgrade which drastically simplifies the

setup process and greatly improves umbra's uh user experience here so ombre is now out of beta with this and stealth addresses on ethereum are a go according to them so you can check out this um this kind of like our blog post here for more details you remember four months ago umbra launched on mainnet and i would have covered it then on the refill i'm pretty sure i did cover it on the refuel there so if you want to learn more about i guess like what state uh sorry what stealth payments are and everything there you can visit their website here and check it all out it's a really cool project i mean as i said before i'm really bullish on privacy uh on ethereum not just kind of like tornado cache and aztec but also and and ey nightfall but also things like um

like umbra for stealth payments and stuff like that really really cool technology and really advanced technology too so definitely go check it out there uh so there is currently a vote to onboard leido's st token as a new vault type on maker so this will allow people that have st tokens to use it as collateral on maker so essentially you're staking your eighth you're using your staked eath as collateral uh on maker and you can probably you know you i mean you can draw die and then do whatever you want with that die whether that be yield farming for stable coins or maybe buying more ethan you can kind of do this kind of recursive uh recursive kind of like farming here where you essentially i mean it's a bit dangerous right but because you can get liquidated but essentially what you can do is you can

kind of um put your st in maker draw die go buy more eath or st and then do it again right you can do this recursive stuff where you kind of like levered eat steak and yes it's risky because you can get liquidated depending on what your liquidation price is and all that kind of stuff there but uh you know just thinking about it's kind of wild right all this kind of like composability thanks to d5 so i'm pretty sure this vote will pass given like how much demand there is for something like this and i'm sure a lot of users will kind of get a lot of value out of this once it does pass and being able to kind of like do this stuff with st and you know i think that once rocketpool goes live hopefully sooner rather than later the makeup will probably integrate our ether

at some point as well so yeah having all these kind of like staking derivatives be uh integrated as you know uh a collateral type across not just makeup but other kind of like money market platforms and things like that like rv and compound would be really cool and give users more kind of like control over over their assets here which i think is really cool all right so another wallet enters the game here so xd5 wallet has gone live in kind of like a public release and now there was a bit of controversy around this so i mean xd firewall is a browser extension wallet you can download it for chrome i downloaded it i had a little bit of play around with it uh just late last night but then i saw on twitter this morning when i woke up a bit of drama around it now fair warning here

this wallet is not open source now the reason why this is a big deal is because this wallet is something that holds your funds right so you don't know that uh you know because the source isn't open you don't know if xd phi or like the the team behind it are harvesting uh private uh you know private key not private keys they're seed phrases right the seed phrase could be being sent to to their server and they could be collecting them and you know you wouldn't even know because it's not open source so that's one kind of like vector there but just in general anything that holds user funds and that claims to be kind of like non-custodial and things like that needs to be open source like this isn't like a centralized exchange where users realize that you know their funds are on coinbase so coinbase is responsible for

them this is uh a kind of like a a wallet that's claiming to i guess be you know be a metamask competitor metamask is totally open source xd5 wallet is not so i just want to give a fair warning there and actually thanks to that and they're not open sourcing i am not using this wallet at all right now i use it as i said to just i mean i didn't even use it i looked at it i installed it i looked at it and i didn't put any funds in it i'm just like okay this is cool this is cool they have a few cool features going on um but other than that i was kind of like yeah no i'm not i'm not using this until they open source and i saw a few of the team members on twitter i didn't really like what they

were saying um trying to justify the fact that they weren't open source obviously they don't want to say the real reason the real reason is because they think that someone's just going to copy what they're doing fork their work and just like relaunch it and that could happen definitely of course but i think that that worry is kind of like overblown and i don't think it's something that uh you know i think that open sourcing your code is definitely not uh is definitely worth it at the end of the day worth the risk uh especially because i know a lot of people just won't use it because of this um they've also got another feature that they kind of like introduced called ape mode which is uh basically it's a proprietary gas algorithm so i mean this is how they describe it so they say eight mode uses

a proprietary gas algorithm to help ensure transactions get into the next block 99 of the time turn the eight mode toggle on and you won't miss a single nft mint so i mean essentially what i assume they're doing here and i have to assume because it's one the algorithm's proprietary and two their code isn't open source but what i assume they're doing here is that they're just setting the gas like really really high for their users um based on some algorithm they've kind of like generated which i'm sure is reading data from somewhere probably directly from the mempool to kind of like see okay well these are all the transactions in there right now let's just you know juice the juice to kind of like um the gas fee up really high so that our users don't miss nft means now again this is not

you know not just because they're not open source but the fact that their gas algorithm is proprietary is another thing that kind of goes against the the ethos of this space and especially when it comes to wallets too so yeah i mean it's just kind of a bit weird now i don't want to say that um the xd5 team are bad actors or anything like that and i know i'm kind of like giving him a hard time right now but i think the fact of the matter is if you're going to release a new crypto wallet and especially something that tries to rival metamask and has all these fancy features new features especially you need to open source your code and you know the switching costs of while it's actually pretty high the reason i still use metamask i mean there's a few reasons i still use

metamask one it's open source it's been reviewed by you know lots of different people people trust it um it's secure it's been secure for a very long time uh yes it's usually the face sucks but that's what we're all used to uh that's what we're all used to using it works with basically everything it's like the default wallet so it has to work with everything um and you know it's been around for a long time so you can kind of like trust you know know and you know you know about it you trust and all that sort of stuff whereas getting users to switch to something like this especially when it's closed source and especially uh kind of like uh being you know as new as it is it's just going to take a little while to get users to switch and maybe they'll onboard new

users that haven't installed metamask before like some other wallets out there but generally i would just like to see them open source their code but still great to see i guess more competition for metamasker live because i think minimize definitely needs much more competition than what it has right now um but at the end of the day maybe metamask just stays the way it is and stays kind of like this robust wallet that yeah okay doesn't have the fanciest ux or ui it doesn't have like the all the modern features or anything like that but what it does give you is like an assurance that it's secure and it's trusted and it works everywhere we need a wallet like that at the end of the day right so um but yeah i mean if you want to you can go check out the xd5 wallet but

if you want to play around with it i would do it with small amounts i just wouldn't trust this wallet until it's open sourced because anything could be happening in the background as i said like worst case scenario your seed phrase could be being sent to some server being logged there and then you know maybe they you know even if even if the xd5 team didn't do it maybe that server gets hacked and all those seat phrases get leaked and something really bad happens so yeah i mean that would be the worst case scenario but just figured i'd give a fair warning to to anyone wanting to check this out just don't put too many funds in it and you shouldn't put in too many funds in kind of like um these hot wallets anyway you should be passing through with a hardware wallet um i know there's been a bit of drama

around that because of like chrome updates and metamasks not working with ledger sometimes and then having to do pass-throughs through ledger live but still i mean those headaches are worth not getting all your fun stolen right um but yeah anyway i think i'm gonna leave it at that for today so thank you everyone for listening and watching be sure to subscribe to the channel if you haven't yet give the video a thumbs up subscribe to the newsletter join the discord channel and i'll catch you all tomorrow thanks everyone