ETH ETP to launch, Taco Bell doing NFTs and more - The Daily Gwei Refuel #73 - Ethereum Updates

Transcript

hello everyone and welcome to another episode of the daily gray refuel where i recap the latest news in the ethereum ecosystem i'm your host anthony sasano and today is the 9th of march 2021 all right everyone let's get into the news so first up we have the berlin network upgrade kind of blog post from the ethereum foundation here so for those who don't know the berlin network upgrade is going live and next month uh the test nets are going live this month as you can see here there's a bunch of dates with block numbers so the first test nets actually going live tomorrow on roxton then girly then rinkaby and then of course mainnet on the 14th of april if everything goes well so if you're running a node on the test nets uh you should definitely upgrade your nodes and also for mainnet you should upgrade

uh your nodes by this state by the 14th of april 2021 all the downloads are here if you're running go ethereum if you're running open ethereum nevermind or bay suit you can go here and download them uh this is exciting i mean this this blog post tells you everything right it tells you what eips are coming in berlin and just a note that doesn't include eip1559 that's coming in london in july so just another few months out there but most of these upgrades are basically for uh i guess like lower level stuff and not things that kind of will affect the end user um mostly so yeah not too much to worry about there if you're just like a normal user but if you are running a node be sure to upgrade and if you're not running a node uh run one i always gonna kind of like

remind people of that i think it's very important for the decentralization of the network and it's not too hard to run one there's plenty of guides out there so yeah definitely do that if you haven't already so uh it's a quick shout out here the ethereum foundation is looking for some build uh looking for a front-end developer for ethereum.org you know you can see the website here and see the uh basically what what the um what the role entails and everything like that and what the required skills are and things like that and you know if i mean if you fall into that bucket definitely apply i think working on the ethereum.org website is is a pretty fulfilling job at this point i mean you know all of us ogs will remember how you know

kind of bad the ethereum.org website was for a long time it was out very outdated right um it was like basically what it was like when i there was kind of like ico back in 2014 uh and it basically had you know marketing copy on there saying you know there's a world computer and all this sort of stuff and didn't really have anything about d5 or nfts or anything like that now the website actually has so much more i mean it has all these really really awesome graphics as well which just get you know liven up the website too they've done an awesome job here and you know it's not just for for looks either you can go to like the different sections so like you know learn ethereum and they've got like a whole nft section that they just pushed live you know what are non-fungible tokens

kind of resources around them and everything like that i mean these pages are full of information like look at that right i definitely recommend going to check it out yourself uh you know they've got everything here history of ethereum like all these sorts of things it's pretty crazy how much has you know changed here and how how different this website is compared to what it was just like uh even i think you know maybe a year two years kind of a go now at this point it's just like changed completely so kudos here and you know i'm sure that if you're a front-end developer uh working on this is going to be a pretty fulfilling role so definitely apply for that if you haven't yet and definitely go check out this website if you haven't i mean there's plenty of really cool information here you can find all these graphics and

stuff you know i just love these graphics i mean the ethereum kind of i guess like uh art ecosystem like using the ethereum logo in art and using all the different kind of things like like doors and stuff like that you know you can see here on the left doge like that sort of stuff is just what ethereum is all about right this is really cool kind of like um you know futuristic kind of looking things like you can see on the left here i mean i just love it right i'm not gonna gush too much here but i really do like the design of this website so go check it out if you haven't already so coindesk passed this sorry coindesk posted this article here uh basically saying that etc group is listing an ethereum exchange traded product on the dusha borsa extra wow that is really hard to

say uh market on tuesday basically it's they're launching an exchange traded product for eth and i think this is similar to an etf in the us except like in europe they're called atps uh and you know what's funny about this is this threw me off etc group right like i thought this was like ethereum classic group or something but no it's just like the the same acronym here uh and basically this etp will track obviously the price of eth and trade under the ticker z8 or zeth i guess you could call it uh and this basically gives institutional investors the kind of access to to eth as well which is really really promising and yeah i mean the fact that this is launching um you know in such a big way uh on i guess like this market here which i assume i mean obviously it's

based in germany which i assume is a pretty big market you can see here that the bitcoin product they launched back in i think they launched it in june uh last year got over a billion dollars in assets under management since then which is you know quite a lot i think uh for for a product like this but you know nothing compared to i guess what an etf in the us would do but it's stepping stones right i mean i i fully expect to see an etf you know shortly after we get a bitcoin etf i've mentioned that before but we don't know when we're gonna get a bitcoin etf at this point it feels long overdue but i think it's coming you know if it doesn't come this year i would say it's gonna 100 come next year but i'd be very surprised if it doesn't

come this year because there's so much institutional interest in kind of like bitcoin specifically right now and they're just finding other ways to buy it i mean you have like the grayscale products you have etfs in canada you also have like um you know michael saylor from microstrategy um doing these convertible note things where people can just like kind of invest in that and then get exposure to bitcoin that way so an etf will just streamline this whole process and make it much simpler for investors so i fully expect a bitcoin etf to you know there's a high chance it goes live this year you know 100 chance i reckon next year um but also on top of that i think an etf would follow shortly after and i'd go as far as to say just a few months after which is you know really really exciting so i'm

going to keep an eye out for that but this atp is is also pretty exciting as well so definitely go check this out um you know the links in the youtube description like every like always so grayscale uh posted their i guess valuing ethereum report today it's behind like an email wall i guess you can call it you have to kind of like enter your details here to get access to the report if you click here um i haven't actually checked if this is the same or similar to the reports they've put out in the past but what i find really interesting is that grayscale is just putting out these reports in general right because as i mentioned grayscale is like a vehicle for institutional investors to get exposure to eth and this is where you know they've got like an email list that they send this

kind of report to and that's kind of like um you know the people that it's reaching so you know all of us on crypto twitter and in the ethereum ecosystem we you know we we have an understanding of what what makes it valuable and how to value it and you know why why uh why we want to hold it and stuff like that but a lot of institutional investors and newer investors have no idea you know they don't know about um the triple point asset thesis for eth they don't know about the value of cruel narratives free like staking fee burn uh useless collateral right they don't know that you know how much ethic is being used within the ethereum economy for for just you know d5 and nfts and stuff like that so this report um you know unless their last report uh you know mention those things and talk

about those things which i assume this new report does as well so kudos to grayscale for putting this out there we definitely need more education around ethers an asset uh you know on twitter like it's good to educate people but you reach a different crowd right i'm not reaching any really i mean i'm probably not reaching hardly any institutional investors through my you know tweets or whatever and even if i do tweet about something they may not have the context around it they may not see the value in or understand it as well so having a report they can access from a trusted brand like grayscale is very important i think so hazu um is someone who is a crypto researcher basically you've probably heard of him before he's very popular on on crypto twitter uh but he's been one of the researchers

i guess you could call them outside of like the core ethereum community that has done a lot of work for eip1559 um hazu tends to be like i guess a middle ground bitcoiner and ethereum he's not like you know someone who spends all his time in ethereum but that doesn't matter he's done some phenomenal work on eip1559 um and like you can see here like he's basically put them all into like a resource list here uh where you where there's like a table of contents and everything where you can go through and just get completely up to speed about what eip1559 is you know will it lower gas fees at tldr it won't um you know it's not designed for that uh is it good for eth you know uh what does uh why does the basically have to be burned you know all this sort

of stuff i mean you can go read this for yourself i read it just before it's an absolutely excellent resource um and and something you should definitely go check out if you're interested in learning more about how 1559 works why people are so excited about it right um you know why why it's good for each and stuff like that because i think you know most people or at least everyone probably at this stage understands that one five five nine is going to burn eth but as i've explained on the refuels before there are so many other benefits that come with it that no one's really talking about because they're not as flashy but i actually think that the the benefit of um as i spoke about yesterday the benefit that i'm most excited about one five five nine besides the fee burning is the fact that you'll be able to just

do it you know um do a transaction and and you'll have like 95 plus certainty that it's gonna get into the next block so only five percent of the time will it actually not get into kind of the next block and you know i mean i was doing some transactions just before i was getting like super annoyed because i'm sure you've all done this right you send a transaction with a fee and then like the fees get ahead of you and then you have to like click on metamask that speed up button and reissue it with a higher fee to get your transaction in the next block and what this does is one it's like super annoying for end users two it means that um you know you're overpaying for transactions right uh and three it's just like really crappy um i guess like estimations of of

for for network-wide estimations of gas fees so that's what i'm actually most excited about after one five five nine i mean i'm actually more excited about that than i am for fee burning because we have sorely needed this ux kind of like improvement for a long time now and and i'm glad that it's coming with with one five five nine and obviously the other benefits i've spoken about before like an on-chain gas oracle which is especially important for layer two uh kind of systems needing to get their transactions into a next the next block and be predictable it also helps with a bit of mav stuff as well um and and things like that so yeah and it also helps to align incentives with the fee burn of course um and like make a potentially deflationary one day which i think is really cool as well so

yeah if you want to learn more about that and jump into more detail definitely go check this out it'll be linked in the youtube description uh as always so speaking of one five five nine and how it compares to like other networks uh swag to miss prime here put out a tweet and he says erp 1559 is going to make a ton of people question bitcoin's narrative as hard money ether is a triple point asset by then relying on more than just the hard cap we have utility we have staking we have network effects we have dapps we have the d5 we have nfts and i mean and the tweet there i think this is something that we really should be talking more about and thinking more about right because bitcoin's narrative of having like a hard cap is incredibly strong

right a 21 million cap and halving every four years is is basically what gives bitcoin like such a strong narrative why people kind of buy it because like that certainty that it's going to be scarce right and why people value it so highly right at least one of the major reasons anyway now i don't think that the hard cap model for especially for proof of work networks actually works long term because and i've spoken about this uh um you know a fair few times in the past but basically when you have a proof of work network where you need to pay miners exorbitant amounts of money to make it worth their while to mine because they're burning a lot of electricity they have expensive kind of um machines taking up and like these machines break all the

time they have to replace them there's maintenance costs there's all this sort of stuff right so the long-term security plan for for bitcoin for example for a for for for a proof of work network is or a capped supply proof of work network is basically to go make the supplier go to zero eventually and then just rely on transaction fees to secure the network now you've already seen that ethereum is way ahead of bitcoin in transaction fee volume for one right it's actually i would say it's actually eating into bitcoin's transactional volume because there's bitcoin on ethereum as well so any bitcoin that's on ethereum does not add any security to bitcoin on the bitcoin network um so there's that there's that kind of aspect to it right and there's no fee burning or anything right in in in bitcoin because you can't have that with a capped supply because

the fees have to go to minus to secure the network so long term you could get to a point where the fees are not going to be anywhere near enough to pay for the the fact that the block subsidy is gone and you need to pay minus to secure the network whereas with ethereum we have this kind of like beautiful symbiotic relationship forming here which i've i've written about in the daily way one of my first pieces that i did and basically what i mean by this is that in eth2 we're going to have perpetual issuance we're not going to have a hard cap on how much eat is issued right most of the time or at least like pretty much all the time the amount of eight issued per year should be well under one percent right total across the whole network so we're gonna have that right and

that's gonna pay stakers in perpetuity for their for validating blocks and for securing the network right so we don't have to rely on fees for that but as a bonus right and this is how we get to something that justin drake likes to call ultrasound money as a bonus we can get to a point potentially one day where so many fees are being burned on the ethereum network that the ethereum supply even with the perpetual issuance of let's say it's even one percent right each year we can get that down to negative um issuance right negative um basically net deflationary because we could potentially be burning more fees than ethies issued each year that to me is the perfect design for securing a

network right and this could also work in proof of work it doesn't have to just be proof of stake now proof of stake has a number of other benefits um you know that i won't talk about now um you know higher level benefits like basically i i believe it's it it provides more security right it obviously doesn't use you know anywhere near as much energy as proof of work i mean i probably use like you know i mean 0.01 percent of the energy that people work uses i mean like obviously it's not energy intensive because you don't have to like do that proof of work um you just put your assets up as a stake instead um and and then you have like this kind of symbiotic relationship where uh the fees are being burned you know the stakers are full because they still have their their feed

from the block subsidy from the perpetual issuance and they also have some fees as well right the tip and the ip1559 will still go to stakers and miners for the time being and that to me is the best best design i do not think bitcoin long term if it will survive in its current um kind of regime where the supply halves every four years and it gets so low where the fees have to make up for that i don't think that's going to happen and i've even seen you know i guess you could call them hardcore bitcoiners but not really bitcoin maximalists even talk about this i mean hazu has talked about this where it's a real legitimate worry it is not just concerned trolling right it is a legitimate worry that this could happen and the only way to actually alleviate this would be to remove the hard cap from

bitcoin the only i guess like i guess you could say realistic way there's a few other ideas out there of how to do this but really the easiest and most realistic way is just to have perpetual issuance right but at that point you know if you were to remove the bitcoin hard cap you basically remove pretty much the main thing that makes bitcoin valuable to most people and it's not so much the hard cap as well that makes it valuable it's the certainty of the money monetary supply right you know bitcoin is believed that that you know it was set from day one you know it's never going to be changed and if it ever does change that breaks bitcoin and and it's basically trash right and you know if they believe that well then they're never going to change it and any of any you know i i foresee more

fork wars in the future where a large part of the network basically says well the network's insecure we need to go we need to basically fork um to remove the hard cap and to put perpetual issuance in and you can imagine the amount of you know fighting that would go on with that you can imagine like how ugly that would be and i don't know i just feel like that would be the end of of bitcoin if they remove the cap like i just do not see the appeal of bitcoin in that scenario um to something like ethan that's not to say that i think ethereum is is the best thing ever but i do think this this kind of like perpetual issuance with fee burning is better with proof of stake is much better than like a hard-capped proof-of-work asset that has to rely on

transaction fees to secure itself when all you can do on the bitcoin network is move bitcoin around mind you right you can't do anything else you could there's no daps there's no d5 there's no nfts so that's why ethereum has more transaction fees because there's more to do there's more utility we we have all the utility so that's my bearish case for bitcoin in a nutshell essentially i i i don't hold bitcoin not not because of that but because i think i can outperform it with other assets like that's just my personal investment strategy um but if i had to give like a long-term bear cases for bitcoin that would be it right and my long-term bulk cases for ethereum really does fall into this this beautiful kind of monetary policy that we're going to be forming once we merge into eth2

and get kind of get rid of proof of work get rid of miners and everything like that so yeah i know i've gone on a little bit there but i think it's very important to realize just why so many people are excited about moving to proof of stake and getting eip1559 in it fulfills this vision that many in the human community have had for years now of this beautiful symbiotic monetary policy where all the stakeholders are are paid you know they're jews like eighth holders are paid through um one five five night and if their stake is they're also paid to the block subsidy right um and what i mean by paid by one five five nine is that you know eth gets burned and the kind of like value of that flows to eighth holders over a long enough time frame and things like that so

yeah something to keep in mind there and thank you to sphagnamus prime here for for tweeting this out it really got my brain uh kind of like buzzing there but yeah very very interesting uh times ahead i think so apparently taco bell is now doing nfts uh and i said here on twitter i didn't have taco bell doing nfts as part of my bookcase for ethereum but i'll take it i mean this is pretty crazy because i was talking about how mainstream nfts are becoming right i've been talking about that for a while now but like it is truly mainstream like taco bell doing nft i mean for those who don't know taco bell taco bell is like a fast food chain in the us um and i think in other places as well um but you know it's pretty big right it's not like some small little company that's

doing this this is a pretty big big deal here and then you know they're probably just doing it for i guess like marketing right probably like 100 they're just doing it for marketing and it worked because i tweeted about them i mean i would never have tweeted about taco bell otherwise right but there it is on my on my feed but you know it's still funny because like this just you know taco bell has what 1.9 million kind of like followers here how much attention did their tweet get i mean look at the look at the engagement on this tweet right like they're exposing so many people to both wearable as a platform nfts as an idea ethereum right ethy asset like this is just like i guess you could call it symbiotic marketing where you know taco bell is getting attention out of this but we're also getting

attention out of it as an ethereum kind of community and as an ecosystem so yeah i don't think this is the last we've seen of these companies kind of like doing nfts i think it's something that you know is really accessible as well right it touches so many different things and so many people can get involved it's not like d5 where i don't even know what taco bell would do for d5 right what would they do issue like a token and put it on uni swap like a taco token i don't know what is this defy summary again right i can't even think of what they do but um you know them doing an nft kind of makes sense i think they just basically did like a gif of like some kind of tacos hitting each other here which i thought was pretty funny so

you know it if it works it works uh yeah it's just really interesting to see this from from taco bell so on the wearable note as well alex salnikov one of the co-founders of variable tweeted out this index that has been created by someone on using set protocols infrastructure here called the nfti index so if it loads up here on token sets i can show you exactly what it is and what it consists of so it's called the nft index it's got a bunch of different nft tokens in here so it's got rari sand matic eng mana axs meme and hst or ghost uh it's funny that maddox in here um because like i mean disclosure here i'm an advisor to matic slash polygon

um but i found it funny because i mean maddox is not an nft token when you really kind of think about it right i think why the reason maddox in here is because it's actually basically being used as a scalability solution for many nft projects so it kind of makes sense right as like a nft infrastructure play which you know does it doesn't um kind of like uh sorry it makes a lot of sense once you think about it and these other ones here are obviously all nft tokens so you know that makes makes sense as well and you know this index is not something small either it's got a 735 000 market cap so far as well which is which is pretty cool to see um and you know it the fact that it's built on set protocol is also really cool obviously i'm an

advisor at a set so really cool to see people using the infrastructure here um but yeah and it was cool to see alex kind of promoting it here as well so if that's something you're interested in definitely go check it out it'll be in the youtube description below so chainlink god posted a thread a pretty lengthy thread actually here on the kind of new link vault on yearn finance uh so what this vault does is it basically generates uh just generating 70 apy right now there is zero zero impermanent loss risk um it helps to lower slippage of large link trades uses channeling oracles of course through synthetics and it's basically a d5 composability sandwich now i won't read the whole thread out but i'll give you a tldr of what it is

basically on curve there's a pool link an s-link so it's a synthetic link now by putting those assets in this pool what ends up happening is you can trade between them and it becomes like a very efficient way to trade uh link for other tokens you know how i've talked about cross asset swaps before where you could go from a curve asset to synthetic asset back to curve and you could have like a ultra low kind of like potentially like i guess not not zero slippage but like ultra low slippage um trade of like millions of dollars in size so that's what this does uh this does for link which i thought was really really cool and you know this isn't just limited to link pretty much any asset that has a synthetic asset can be put into like the same kind of pool and then routed through this cross

asset swap infrastructure um so yeah definitely go give this threat a read from tranley god he explains it um in in very much detail here as you can see and how like the crv token plays into it i mean there's so much going on here like this is like pretty advanced defy stuff i mean this is not something that a noob's gonna do and it doesn't actually appeal to to new to noobs or retail traders anyway it's more for those bigger trades as i mentioned but it's still an incredibly important building block for defy because a lot of the liquidity providers and a lot of the i guess arbitrage bots and traders that provide all this liquidity on chain are these big players and they need ways to get in and out of things with low slippage so yeah this is a really great building

block here but the thread will be linked in the description you can go check that out so a bit of drama today uh so artstation.com announced that they were going to be doing a i guess pilot for nfts um on their platform and outstation is a very very popular uh kind of platform to showcase your art and design but they got a lot of uh backlash on that because there's this narrative going around right now about nfts contributing to climate change right because of of proof of work and to be fair i mean the proof of work on the ethereum network is you know sorry ethereum is still proof of work right it's only like we can say yeah yeah ethereum is proof of work right now we're moving to proof of stake you just wait right

i'm not gonna like say that until we're actually there which we will be soon but you know it's just like a cop out to say we're gonna get there eventually don't worry about it now no we worry about it now right i don't know what's kind of like aisle that you kind of like sit on when it comes to proof of work whether you think it's massively wasteful or whether you think it actually um helps bring us towards renewable energy or you know it harnesses trapped energy that's not the debate that i want to get into what i just wanted to bring attention to was that this narrative is is very powerful right now on their original tweet which they've since deleted the art station tweet announcing this kind of proof of concept there was 900 quote retweets and pretty much all of them were people in the art you know the

artist community basically saying that um you know that art station has made a massive mistake you know they're betraying their their kind of users this is disgusting because proof of work is like you know climate terrorism and all this sort of stuff and it was just absolutely insane reading through this and the replies on their original tweet as well i didn't realize how far this narrative have gone has gone with proof of work energy use because i actually think the takes about nfts are kind of quite uninformed because if we look at why proof of work uses you know so much electricity and and has such a large carbon footprint it is actually directly tied to the price of the asset that's being mined so take eth for example or ethereum for

example the eighth price going up right and the fees going up of course as well right will make more hash power come online more miners come online that increases ethereum's kind of um footprint there but nft minting and transactions on their own is not going to do this right because that block would have been mined if it didn't have any nft stuff in there it still would have been mined using the same amount of electricity now there are arguments to be made that the increased activity on the ethereum network from nfts right from d5 from everything else increases its price increases the fees paid on ethereum which in turn makes more miners come online increases ethereum's carbon footprint but to me that's kind of like a bit of a stretch argument it does make sense but

i just think that a lot of people right now are kind of uninformed on this topic outside of the crypto ecosystem and that is what i kind of like felt was really sad and in the end art station kind of caved to this this kind of i guess like criticism and said that they're going to not be doing nfts at the moment so if i had to pick one thing that may threaten these networks um from a regulatory standpoint it is definitely the energy use of proof of work as i said it doesn't matter what aisle you sit on it doesn't matter what you believe right all that matters is what governments believe because at the end of the day if governments kind of say well i think this is completely wasteful they're going to do whatever's in their power to shut this down because as you all know right climate

change is is an imminent kind of thing right imminent threat right it is something that's here and now governments are very focused on it uh you know politicians lose uh we will lose based on on kind of climate views as well that's a major thing that people go to the polls to vote on um so i think this narrative is going to get worse and worse and i'm very happy that we're going to move to proof-of-stake on ethereum because i think that i don't want ethereum to be caught up in this drama you know bitcoin can handle that you know whatever i just i i hope that um the education is good enough and and kind of like penetrates into the non-crypto ecosystem as well once ethereum merges into proof of stake because i don't want a theorem to end up just being bucketed with with other

networks and basically people saying well it's you know it's wasting electricity when it's not under proof of stake right you know running a staking machine is uses the same amount of power as running your home pc it is not energy intensive it's not going to materially increase the carbon footprint of of of the planet like proof of work does so yeah and and as i said there are arguments you know on the proof of worksite as well that that you know have studies that have been done and may kind of make sense but at the same time i want to see more studies done especially studies that aren't done by you know bitcoin online institutions as well but i'm not someone who you know will just have like a super strong opinion based on limited data um because that's what i saw from a lot of the people critiquing art

station here is that they have limited data and they had very strong opinions based on this limited data i think they all read like the same kind of like medium piece from someone who was obviously biased against cryptocurrencies because they weren't just saying that proof of work was wasteful but they were also saying that cryptocurrencies don't actually add anything valuable to the world and crypto networks don't actually add anything valuable to the world which obviously is untrue right so you know from that point of view it was just sad to see those comments but we'll see we'll see how this evolves i mean there's a lot of people coming into the nft ecosystem that don't think this and that actually actually understand things but i didn't realize how many people uh you know thought like this so a narrative to keep an eye on and i can't wait until the

merger happens i just cannot wait till we get off proof of work for so many reasons i mean a major reason being that i think that miners are not aligned with ethereum's values at all at least most of them right i think um you know we've seen with that with one five five nine and how they've been openly hostile against the i just i i can't wait right and it's gonna happen i mean i i could say it could happen as early as you know q4 this year but i doubt it i i think who won next year so january february or march in 2022 you know we could see the merger happen and what the merger is for those who don't know it's basically getting off proof of work entirely right just killing proof of work and we're a fully proof of stake network and you still

have eth1 just running on proof of stake in the eth2 system and then it just becomes one whole ethereum and that's that to me is that going to be the biggest milestone in ethereum's history you know one five five nine was obviously big but it doesn't hold a candle to uh basically merging eth1 into e2 and finally getting the eth2 network that we've wanted for for quite a while now so yeah definitely something to to look forward to there so dc investor put out a really great thread here about uh kind of what's going to happen when ethereum scales via layer 2. and basically this is just from his view it is not kind of i guess like a a a kind of like him saying you know this is what's gonna happen right this is definitely what's gonna happen no this is just his view and kind

of like he he he kind of backs it up with a lot of good arguments here as well which i thought was really cool so i'll link this in the youtube description you can go check it out but basically he runs through what's going to happen right you have optimism launching this month of course i've spoken a lot about that you have you know questions about where will uni swap deploy they're going to deploy an optimism i think i think sushi swap's actually going to go and deploy on arbitrary from what i've been hearing and then he goes on to you know what what's gonna happen with like dex lps uh and then you know it's quite a long thread scroll down here he talks about zk roll ups right the different projects working on zk roll ups like zk sync loot bring diversify immutable x all that sort of stuff and

then yeah i mean he he he has a lot of really good nuggets of information in here and i think that it's a very very good thread that you should all go read i'm not going to kind of butcher it and kind of try to summarize it because you definitely need to read the whole thread to get the full picture here so definitely go check that out um and i think that's it for today's episode as i've got nothing left to talk about so thank you everyone for listening and watching uh be sure to subscribe to that channel give that video a thumbs up uh subscribe to the delegate newsletter join the discord channel and i'll catch you all tomorrow thanks everyone