EIP-1559 on Ropsten, a16z crypto fund and more - The Daily Gwei Refuel #150 - Ethereum Updates

24 Jun 2021 · 31:14

EIP-1559 had reached the Ropsten testnet with London, but the episode cautions that fee burning was not expected to make ETH net deflationary while proof of work remained. Its explicitly inexact estimate put the threshold near 100 gwei consistently under proof of work, versus 10 gwei after the proof-of-stake merge. The roundup also covers a16z’s announced $2.2 billion crypto fund and Anyswap’s Arbitrum partnership, alongside the view that bridges could support multiple networks even if adoption later concentrated among a handful.

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hello everyone and welcome to another episode of the daily gray refuel where recap the latest news in the ethereum ecosystem i'm your host anthony sosano and today's the 24th of june 2021 right everyone let's get right into it so uh just a heads up here this week this saturday the 26th of june i am doing an another ama in the discords voice channel so if you're on at that time 11 p.m australian eastern standard time at 3 p.m uh central eastern standard time in europe uh 9 a.m edt uh eastern u.s 6am pacific so sorry for uh the west coast us unfortunately uh that's just the best time that i came up with that would accommodate everyone across the world but never fear this is going to be recorded

it'll be uploaded to youtube later on so you can come and kind of listen to it so if you do want to get your questions answered but you can't attend just drop your questions into the ama series channel on the discord and you can join the discord by using the link in the youtube description below um but i hope to see you all there you know as much as you as po as many of you as possible i think it's going to be a really fun ama and i'm really excited for it so i mentioned yesterday that there is a uh there was sorry uh an ama that went on on ethereum from the ethereum foundation's research team here and i said i was going to summarize it but i came across this post on uh the eighth finance subreddit uh just before and it basically summarized the

most interesting kind of i guess like questions and answers from the ama so it's quite a quite a lengthy kind of post here with links to all the questions and answers but i suggest uh going and giving this a read or building to the youtube description of course but uh it has basically you know all of the i guess um meat of the ama now i read through the whole ama read through all the different comments and things like that it was absolutely amazing i mean there is just so so much to look forward to in ethereum beyond the next like 12 to 18 months like i spoke yesterday about how uh the next 12 to 18 months is going to be really cool in the ethereum ecosystem but i mean the ethereum foundation researchers they're just thinking so far ahead they're thinking like at least five to

ten years ahead from where we are today and what upgrades we can bring to the protocol uh beyond uh kind of shouting because i guess like after the merge happens sharding and statelessness are the two kind of major things after that but then beyond that like what can we do well one uh one basic thing we're going to be doing is hopefully adding more shards more than 64 shards to get more scalability um we can do things like snarkifying the base layer which is essentially a fancy way of saying we can do some really really cool things with um with cryptography at the uh the base layer here we can do things with validators uh justin drake's been working on verifiable delay function uh functions for a while now that's basically introducing

true randomness into the beacon chain which means we could actually from my understanding we could potentially make it so that with our mev is much less of a problem because we could randomly order transactions within a block without the validators actually knowing what transactions are in there and there's like um commit reveal schemes for that sort of stuff as well i mean there is so much meat here it's just it really is insane and i mean the the details that the researchers sorry the answers that the researchers gave were very very detailed so i highly recommend going reading the whole ama but if you just want a summary then this post will get you get you there so definitely go check this out i'll link this in the youtube description below so erp 1559 is now live on its first

test net ropstand so actually technically the london network upgrade is now live which includes a bunch of different eips but obviously one one five five nine is the star of the show there so that is uh uh live as of today and the next test net to fork will be going forward in a week and then another one a week after that so i think girly in a week and then uh covan i believe um or wrinkly ring could be probably the week after and then if all the test nets go well we'll get a main net kind of like fork date from there now what's really cool is this watch the burn website has been updated and now supports uh the ropsten test net so you can actually see how much each is being burned on this test net uh so almost 800 eighth at that

time of recording here has been burned and this is just i guess maybe about 12 hours worth of blocks so far and this is just on the test net which is really really cool so you can click through to different blocks and you can actually see the breakdown here of how much kind of um you know what the block reward was uh the base fee and how much in way and then how much uh guay was was burned as well so you can see the amount that's burned here so just a kind of like a basic kind of breakdown of blocks but uh this is real time by the way like every time a block is processed this gets updated and shows you the total amount of fees burned um and you know rob stern is here and then um there's gonna be support for

girly and rinkaby when those get activated and of course mainnet i mean this site is probably gonna be my uh i guess like uh the site that i check like pretty much probably every day uh once one five five nine is on main net uh and i'm gonna be posting so many screenshots of it to twitter and things like that because i really want people to just kind of see like um uh kind of like that it's working right the eighth is being burned and we're doing what we kind of like set out to do but also i i'm really interested to see kind of i guess maybe uh that a site can be created that compares the old transaction fee mechanism to the new one so pre one five five nine to post one five five nine and to see how much we're saving users in terms of

like uh fee overpayment because um i've discussed this before on the refuel and i've said that users tend to overpay uh on fees a lot because of the fact that fees can move from underneath you while you when you put like a transaction in and you know you may want to speed it up so you end up overpaying whereas with one five five nine that pretty much kind of eliminates most of that problem and also guarantees that your transaction will get into the next block or so uh so i would love to see the comparison between you know how money how much overpayment there was you know pre one five five nine and all those sorts of things but still this is a really really amazing site here kudos to i think uh muhammad it was the one that is the guy who made it his

twitter's linked here down the bottom i think he made it with another person as well and it's open source and everything and there's a git coin grant too for them so if you haven't donated to them yet or anyone on git coin yet get on that by the way you haven't got much more time actually you do i'm joking you have like a week but still do it now because i'm going to keep reminding you and you know um once you do it you you know you feel better about yourself but anyway go go donate to all the git coin grants um and there's another uh tweet here from from toby kitty who basically just reiterated the fact that um the power and po the proof of work issuance and proof of stake issuance is very different now the reason i want to talk about this is

because it ties into one five five nine and it ties into something that i tweeted out today about how one five five nine um isn't going to make either net deflationary during proof of work and less weighs over a hundred actually i'm going to try and find this tweet quickly uh that i that i put out i i responded to to aaron i remember if i just kind of find it here uh yeah yeah yeah yeah so i basically said my napkin math says that with proof of work uh at current issuance rate which is four point five percent a year and give or take uh you know a couple percentage a couple of basis points there uh it says that the with proof of work we need 100 whey consistently to see a deflationary eat which means that we would need gas fees to be at 100

ways the floor or higher for ease to be net deflationary and by net deflationary i mean um burning more ether than what we're issuing per year uh so for the whole year not just for spurts of the year because obviously there's times for like you know a day or a couple days or during like the obviously the mania a couple months ago where more eat would get burned because of that we're at 100 way already so you know if we can if we kind of like consider all of that together then eat is not going to be net deflationary with proof of work but where this gets really interesting and what people are talking about when they kind of mention uh you know eth being that deflationary it's with proof of stake so kind of post the merge so once the the eighth one to e3 merge happens

we're obviously going to have you know much less issuance because we're just going to get rid of proof of work and we're going to be just on proof of stake which means that based on my napkin math again this is not exact numbers or anything but we would only need 10 gwei consistently which is what we have today right like we have it during a very quiet period and this is before roll-ups kind of roll out in a big way and start kind of consuming block space this is during uh you know a time where uh we we also have like flashbots which kind of i guess so with flashbots as it currently stands and with uh i guess like transactions being able to be done outside the public mempool it kind of gives like a false sense of measurement on on guay because these these

transactions are currently measured by like the um i guess like the measurements that we use to measure fee payments but post one five five nine some of that uh will will happen in the base fee uh and regardless of kind of like if using flash flashbots if you if you or if you're using the public mempool or anything like that so that will kind of get factored in then but anyway uh tengway consistently and that deflationary eighth post merge with one five five nine of course which is really really cool so i just wanted to kind of set some expectations there that yes one five five nine is super exciting we're all extremely excited about it obviously but uh don't kind of be disappointed if eth isn't net deflationary uh uh post one five five nine if the market heats up again and we go to

consistently 100 way plus again then sure i mean it's going to be really cool to just be able to say you know we issued this much eat today and this is how much we burned so we were actually deflationary for that day or this day or that day but um you know that didn't even last a year i was you if you kind of take the last year um and kind of like map out what the what the gas prices were they varied a lot and they were definitely not 100 way consistently for that whole year so we would not have been that deflationary even during that kind of mania there so uh in proof of work but improve mistake if i mean if we had a hundred grade consistently in a proof of stake world we would be uh way more uh than just

like uh net deflation we would be like i mean i don't know what the math is right now but essentially it's like 10 times the amount of kind of eighth being burned uh uh to you know after the deflationary aspect kicks in so very very cool once you think about the implications but anyway just wanted to kind of explain that and make sure people aren't uh kind of i guess uh caught offside when uh one five five nine goes live and they're expecting it to burn all the eighth when it will burn a lot of eighth but it won't burn enough to make east deflationary in proof of work so chris k put out an interesting tweet today and i've spoken about like each use of the settlement layer a lot before but basically he compared paypal and ethereum so paypal in 2012 2020 sorry settled 936 billion dollars

in payments for the entirety of 2020 whereas ethereum in 2021 settled the same amount in just 17 days now given this was the peak of the bull market right may 1st to may 17th but it doesn't matter because ethereum just doing this in 17 days and and people are doing this in 365 days is an absolutely crazy difference and i think again this is what a lot of people are missing is that every single one of these transactions that settle value in ethereum paid fees every single one even if they went through flash bots even if they went through other dark pools they still paid fees to um to ethereum now obviously with flashbots they go around ethereum they don't pay to the

protocol they pay to the miners directly but as i said with one five five nine there's still going to be a little bit of that fee paid or like maybe even a healthy chunk of that fee paid to the ethereum protocol regardless of flashbot's use or whatever so if you extrapolate this out and you think okay well you know ethereum is the greatest sentiment layer we've ever invented in the history of the of humanity and i don't think that's uh that's far-fetched to say that because uh paypal is an absolutely massive company um and i doubt like uh most things are doing more settlement value than ethereum is right now i think ethereum might be behind things like visa steel and settlement value and maybe like fed wire and stuff like that and some bank stuff but

most fintech is definitely getting beaten out in sentiment value by ethereum and ethereum is still extremely young um and it still has like problems with scalability and all that sort of stuff so um you know taking all that into account let's imagine a year uh sorry let's imagine a time in five years when we've scaled nicely via layer twos and other means we have one five five nine in full swing uh the base layer fees are being just paid by roll ups and things like that and ethereum the network is settling um you know the layer one network if you extrapolate the value that it's been that it's settling um you know in terms of what's happening on layer two it could potentially be settling hundreds of trillions of dollars a year um on on that kind of like base layout well

it would the settlements i guess like sorry the transactions and value would happen within layer two but then the layer two proof would get set on layer one so you'd have to basically deconstruct the proof and just kind of like look into how much value was in that one proof and then you could extrapolate it out but that can be done so let's say it's hundreds of trillions of value being settled there uh that is absolutely insane because it means that the fees for for that kind of value being settled will probably be quite high on layer one now end users aren't going to have to suffer through those fees the layer two roll ups and things like that are gonna be happy to pay those fees and that and then because we'll be in obviously in a one five five nine world that's going to be being burned so and

we're going to be post merged as well with just on full proof of stake i really do think and this is an old saying but i think it applies to crypto especially and especially ethereum is that humans uh tend to put way more emphasis on the short term and and don't really put much emphasis on the long term and this goes back to what i was saying about recency bias but i think this is a bit different to that where we for some reason i mean i suffer from it too we just cannot see very far into the future and those who do are the ones that are considered you know true visionaries and things like that as i was saying before the ethereum foundation researchers are thinking five to ten years into the future of ethereum um and thinking of like the the most

advanced stuff that won't come to fruition until maybe 10 years down the line but they're thinking about it now so those kinds of people are the visionaries they are the the ones who kind of like build this sort of stuff and get us you know and and you know allow humanity to progress but i don't think it should just be kind of i guess like limited to them i'm pretty sure like you know myself and others uh you know watching the refill right now i hope you hope all of you kind of can can see further than even like a yeah i think a year is an eternity in crypto but it's still you know it can still be considered short term if your outlook is decades so and and obviously like just thinking a couple months ahead well that's just like i guess um i'm i i guess like really

short-sighted and i also think that this doesn't just apply to price this applies to fundamental developments as well so ethereum in five years is going to be absolutely crazy amazing i mean i mean i can't even imagine how crazy it's going to be and we're going to look back at these times and be like why were we ever like bearish i mean there's some people out there that are that are bearish on on ethereum obviously and i'm just going to kind of like uh keep keep keep kind of reminding them in my own little way it's like why are you bearish why are you bearish guys like there's no reason to be bearish so anyway i thought this was a cool tweet from chris k to kind of put into context just how big ethereum is uh and just how big it's going to to

get so as 16z have announced their new crypto adventure fund that has 2.2 billion dollars worth of funds in it this is absolutely massive their largest crypto fund to date i saw someone do a breakdown before of their this is their third crypto fund of the other two funds that they have we're much smaller than this um but this is cool because if the mark as i've said before if the market goes into kind of like a bear market or a downtrend for many many months out there it's not going to matter for the builders because these kind of funds have already closed um and kind of like gotten funds into them from limited partners or lp's as they've called as they're called a16 isn't the only one there's plenty of others out there that have raised money

recently and there's lots of teams that have raised money recently as part of a seed round or a series a round which gives them plenty of ammo for you know anywhere from like one to five years in terms of like development whether that was a seed stage or a series a and if they're succeeding they're going to go on to raise even more money and that'll be easy to come by because all these funds are flush with with cash now and one thing that's important about these funds people who don't know is that they can't sit on this money they have to invest it that's part of what their agreement is with their limited partners is that this cash is going to be invested in crypto projects so you might think oh well you know these funds are like uh are like um like us they fomo into

things uh well i mean yes and no i mean i think the reason they raise so much money is because people are fomoing but at the same time that money's getting deployed whether it's a bear market or a bull market it doesn't matter now that money has been raised it's got to get deployed i mean this they can it can get returned to investors but uh you know usually it doesn't in any big way usually it just gets deployed now i'm curious to see what a16z fund they seem to find a lot of different things and they they they've got like i mean they've got a pretty sizable portfolio on the crypto side now but i don't think it really matters i mean the more projects that we fund you know the more kind of ideas that we find especially ones on ethereum not just

i mean there's some kind of pointless things that get funded but that's that's always gonna happen but the more of that kind of happens the better it is i think a net for the ecosystem and i you know i'm really excited to see that there's 2.2 billion dollars in just one fund up for grabs for crypto entrepreneurs here so m stable is teasing the uh a bunch of new kind of developments coming up in their current development sprint so there's going to be new musd feeder pools on polygon for uh frax and alusd here the m8 spec and mip is coming up so mrp stands for m stable improvement proposal the staking v2 spec as well with an mip uh rari capital fuse pool for musd i believe

and a pull together integration and more as they're teasing here um so yeah lots of exciting stuff coming for m for m stable and i mean disclosure i'm an advisor invest in m stable but uh and you know i actually wanted to mention one more thing about m stable is that you know the yields in d5 right now have been dropping um stable coin yields in particular have been dropping pretty pretty badly but on m stable you can currently get non-token subsidized yield of around eight to ten percent on your dollars on your on your musd so definitely go check them out if that's something you're interested in um you know it was funny we're having this discussion in the discord the other day it's like um there's there's kind of these two camps i guess of people within crypto it's like the passive investor versus the

active investor but i don't think they have to be kind of mutually exclusive i think you can do both i think you can have like say 10 to 20 of your portfolio maybe more if you expect the market to be bearish in stables just earning a yield somewhere um whereas uh you can have uh and then you can have like say 80 percent of your portfolio in volatile assets still such as eighth um and i was saying that basically the way i look at it is that i don't really hold stable coins i mean one reason is because there's no aud stable coin i don't want to expose myself to currency risk but even if there was i wouldn't really hold too much of my um kind of like portfolio in stable coins because i would rather hold eth and i would rather stake my eth and yes

okay the apy in staking or apr is 6.5 percent so it's not you know super high but that's 6.5 percent that's 8th denominated so if eth goes up in value which i expect it does then i'm able to stack more eth and that 6.5 percent apr as i said is eighth denominated so if you dollar denominated it actually becomes a lot more if you adjust for the price going up now of course the price can go down or whatever but the way i plan to to kind of stake is that i plan to stake my eighth kind of like forever essentially um and you know whatever i earn in staking awards uh i obviously have to pay tax center and things like that but net of tax like if i need it for living expenses i can use that to to kind of like fund myself but

essentially um you know if i stayed for like five years and it was say the the apr for five years average was like 10 just as a ballpark figure here well then i'd have to factor in the fact that eth has gone up in value over those five years because i strongly believe that it will which means my api is probably a lot more than 10 taking that into account i know it's not the right way to kind of calculate it but that's how kind of i think about it but that's not to say that you shouldn't you know take advantage of stable coin farms and you shouldn't kind of like hold some assets in stable coins i mean using ethereum as a savings account is incredibly cool especially for those who are happy holding usd you can essentially you know even use you i mean if you're happy taking the

risk for any tax money that you owe you can use to farm as well and now i don't have i don't suggest this i'm not recommending this but i know people who do this where they'll have a lot of usd that they're setting aside for tax instead of just sitting in a bank account earning basically nothing they put it into some some kind of like yield farm on d5 and actually m stable is pretty good here because it's a low risk usd kind of yield farm um but generally yeah i mean obviously do your due diligence there's risk there and things like that and risking your tax money is probably not never a good idea but i know people who do it and if you're comfortable comfortable with the risk well then you know more power to you um but anyway i'll leave it at that for now just

really exciting things coming out of m stable going forward so any swap has partnered with arbitram so for those who don't know any swap is a protocol for bridging assets between different layer ones and layer twos similar to hot protocol and connext of course so they've partnered with arbitrary obviously to be able to do transfers with across like arbitrarium and and different layer ones and layer twos and stuff like that so really cool to see arbitrary i'm just getting more support from more ecosystem partners out here i would wager that any swap's going to be supporting optimism and starkware and z guessing and all of them like i mean i i maybe they're already supporting optimism i'm not sure i haven't checked lately but generally they're not going to just stop at one protocol

this is the thing about like the maximalist mindset where people kind of like call me an eighth maximus or they call me an x maximus and they'll say oh you're you're this particular layer to maximalist it's like no i i mean it's just such a bad way to think about things at the end of the day developers are going to deploy are going to build what they want to build they're going to deploy their apps to where they want to deploy it and that depends on like various factors and yes okay one of those major factors is having like an allegiance or an alignment to ethereum's core values and mission but i don't think that's maximalism so in the same kind of vein i don't think uh you know uh preferring one layer two over another is maximalism either i think that there are going to be a lot of layer twos that

eventually fail um because they'll just fail to get adoption um but that doesn't mean that these bridges have to say oh well i'm not going to support optimism because i think arbitram is going to win no they're going to support all of them and then whatever wins wins it's the same that happened with all of these projects deploying to all the avm compatible networks like bsc and phantom and a bunch of others out there that's a shotgun approach and as i've said many times developers aren't going to be able to maintain uh uh protocols across like 20 different uh sorry apps across like 20 different protocols just not going to happen so eventually you know over the long term we're going to coalesce around a handful of these layer twos and layer ones but the bridges don't have to be opinionated about this the bridges are

just going to be on everything and just like bridge assets and value for whoever wants to bridge them between whatever they want to bridge so yeah anyway cool to see any swap supporting arbitrary here so reddit is apparently selling three ethereum nfts featuring its uh snoo mascot here so reddit's actually been a pretty good supporter of ethereum over over the years and its co-founder alexis uh who now works at a fund um basically has said before that he holds a lot of ether as well but it's still really cool to see that um you know reddit's getting more involved with the ethereum ecosystem if if some of you remember they did like a scaling ethereum hackathon a while ago and they've obviously done um their kind of like community points uh it was moons and something else i can't remember the exact name here and

they've done doughnuts before and things like that so and and those things were erc20 tokens i believe um but now they're doing nft so you can essentially buy three legendary nfts here of their snoo kind of like mascot uh which i think is pretty cool i think uh uh these are going to go for for a little bit um you know obviously owning an official rate of nft is a pretty big deal and you know just on the nft front actually generally right now it's just so funny to see how different some of the communities are i am talking to people and meeting people who give zero shits about d5 like i am telling you right now they couldn't care less about d5 they have zero interest in it they don't want to learn about it they don't want anything to do with it

but they are absolutely obsessed with nfts to the point where they're just spending all of their day on it all in every day whether it's buying them you know researching them curating them uh making their own you know doing stuff in the metaverse there's people doing this as like a basically a full-time job um and whilst while completely you know ignoring what's happening in d5 because they don't just don't care about it but this is the beautiful thing is that that's a theorem you can completely ignore one kind of you know use case and do and do another one and this is what separates a theorem from like bitcoin for example where in bitcoin if you don't like btc well then what are you gonna do with bitcoin like you can't do anything else you have to like btc the asset um and because that's all bitcoin gives

you whereas with ethereum i've mentioned this plenty of times there's a million dollars to get into a theorem i mean you could love layer 2 stuff you could love building layer 2s and being a dev there and kind of doing the research there but you could also absolutely hate nfts i mean there's plenty of people i know that actually hate uh d5 but love all the other aspects of ethereum or hate nfts but love the other aspects of ethereum i mean it's just it's insane to me like how diverse the ethereum ecosystem is and no one is forced to like anything like you don't even have to like eat as an asset if you don't want to and believe me believe it or not there are lots of people out there who really don't like as an asset and don't believe that it should be investable i mean i'm sure

some of you have seen some of the fud around 1559 recently for some reason people are coming out and being like you know 1559 is just like something for the moon boys to pump eath it's such a stupid take but i've talked about this before and i'm not going to go into it now but essentially these people are still in the ethereum ecosystem right just because they don't like 1559 they don't like ether as an asset doesn't mean that they're kind of like exiting the ecosystem now some of them will some of them may find homes in other ecosystems and that's fine but i think just the diversity of ethereum is an incredible strength that not really any other platform has at this point in time so yeah really really cool to see that and cool to see reddit issuing these three nfts on ethereum here

so yield protocol announced their series a uh funding round yesterday so they raised 10 million dollars in a round led by a paradigm uh with participation from framework ventures cms holdings a variant fund and d fire alliance among i'm sure other investors here so for those who don't know yield protocol or yield i guess um it's called is uh is a d5 protocol for fixed rate borrowing and lending uh they have their v2 going live soon and this funding is to kind of build out that v2 which is going to extend their protocol to new use cases uh by enabling new collateral assets and new borrowable assets here so you can read this uh kind of announcement in the youtube description and you can also visit yield protocols medium page

to read more about how yield protocol works and how they do fixed loans and why fixed rate loans are are important and all those sorts of things like that so congrats to the team here really great to see another ethereum native d5 app uh raise some money here so the new version of uh the po-app mobile app is now live you can go to powap.xyz slash ios to check this out i don't believe it's available on android um i think it's only on ios maybe it is on android i'm not sure but anyway uh this um this new uh kind of like update comes with i think some performance improvements maybe or something like that um you know i'm sure there'll be like uh some some kind of like notes here if i open up the website here uh some kind of like

changes yeah so enhanced welcome screen with an internal faq page silly city illustration pages and resolves to ens by address which is really really cool as well so yeah if you have the pop-up app on your phone be sure to lot of you you downl are aware of this and love collecting them too but actually for those who aren't aware of what pop is it stands for proof of attendance protocol and what essentially they are is like little nfts you can get for attending different events whether it be online events or in-person events so for example if you go to like a devcon you'll get a qr code that you can scan on a piece of paper and that'll give you uh uh the poll app and that'll basically

prove that you are at devcon now you can extend this to basically everything you can online events offline events um you know uh but participating in different things on protocols there's been pop-ups for that uh there was a part for being a genesis validator in eth2 and you know i think the point is to eventually get it to the point where you can basically use pop as a governance signal signaling mechanism where if someone has a lot of power ups and they have a lot of the the rare and coveted ones and the older ones it signals to you know to the rest of the people that they're an og you know so to speak or or they are a real human and they kind of like are involved in these things they've been around for a while so yeah i really love the the part project

definitely go check out their app if you haven't yet and start collecting uh your po apps here so finally arthur xerox from defiance capital announced that they now have a job board on their website and this job board covers basically all of their portfolio companies all the companies that they've invested in which currently includes 37 companies and there are 80 jobs here so i've spoken about this a lot lately where i said that this is the absolute best time to get a job in crypto no matter what your proficiency is no matter what you're good at uh you can get a job developer marketing business development community design whatever you whatever it is like there's a million jobs out there and you can you know legal whatever like there's a corporate council lead for get coin right now

there's a senior front-end engineer for strips finance there's uh project managers for diversify i mean there are so many uh uh kind of like jobs available um and you know this is just another way to find them and you know i've shield cryptocurrency uh jobs.com before uh definitely go check uh them out as well uh but generally this is i guess more of a a i guess like targeted kind of approach here where if you kind of like know of defiance capital and you trust that they're really good investors then you might want to work for one of the companies that they invest in uh which is what you can do here so yeah go check this out if you haven't yet we'll be linked in the youtube description and that is it for today everyone so thank you again for listening and watching be sure to subscribe to the

youtube channel if you haven't yet give that video a thumbs up subscribe to the newsletter join the discord channel and i'll catch you all tomorrow thanks everyone