Ethereum node crawler, Matcha cross chain swaps - The Daily Gwei Refuel #700 - Ethereum Updates

Transcript

hello everyone welcome to another episode of the delu refuel where C latest news in eum ecosystem I'm your host Anthony Sano to the 6th of December 2023 all right everyone let's get into it so today is the 700th episode of The Daily guay refuel 700 episodes guys that's crazy to me that I've been doing it for so long now since uh late 2020 there and I've managed to rack up 700 episodes um or each being about 30 minutes each right just hundreds of hours worth of ethereum related content never thought I would get this far honestly when I started it in late 2020 I was like you know who knows where this is going to go but uh you know I want to do it is for as long as I enjoy it and I have enjoyed it up until today and I feel like I'm going to enjoy it well

into the future I mean I can't wait until I do episode 1,000 that's going to be a big milestone but yeah today is episode 700 and I'm actually curious how many of you out there have actually been tuning in from the very first episode you know feel free to sound off sound off about that in the YouTube comments or in the Discord Channel if you've been here since the first episode but I'd love to know like what episode you guys started watching the refill out or listening to the refill out like what episode number so do let me know you know you can reach out on the Discord Channel or in the YouTube comments I'd love to to know there but yeah H today as I said 700th episode and it is a packed one you can see the tabs that I've got open here a lot happened over

the last 24 hours uh pretty crazy I mean the price went up some more I think but like I don't want to really talk about that because that to me is actually most of the time like yeah it's exciting but it's like boring as well because there's just so much happening on the fundamental side of things and the price going up is just like okay yeah price is going up whatever but I think that uh you know focusing on the fundamental side of things is always more exciting at least for me so let's kick it off with an announcement from coinbase wallet today so you can now send money anywhere that you can send a link easy instantly and for free using the coinbase wallet so if I play this video here you can see what they're doing so basically you can send money uh as

easily as through a text you just copy and pay and you can see what what the flow looks like here claim a link to pay with usdc copy it over and send it to any of of the chat apps that you want uh whether that's WhatsApp or Facebook Messenger or anything like that uh you can send this through and then the person can claim this uh via this link here now you can click this link I'll link it in the YouTube description below don't do it on desktop though because it'll just bring you to the coinbase mobile wallet uh page here landing page here which mind you I hadn't looked at in a while and is actually so cool the the outlay the outlay of this the outlay sorry I should say of this page here because um you know you guys know the other day I spoke about how we need to

be way more friendly with how you present these things to users well above the fold here you can see that they just basically explain what coinbase wallet is there's a nice blue download button at the top or and there's a download link here as well and you can get started straight away and and I believe that coinbase wallet is one of the best ethereum wallets out there today it is really user friendly it's going to get better over time of course and obviously it has the backing of The coinbase Branding which people love uh and there's all that good stuff that falls into it so if you haven't tried it out yet go go try it out let me know what you think about it but yeah this uh this kind of payments thing that Co is doing with usdc is is is very different to

what tether does because tether obviously usdt is a much bigger stable coin than usdc like if I just compare the market caps tether is at about 90 billion usdc is about 25 billion obviously usdc lost a bunch of market share because of the fact that they had that D pegging event due to one of those Banks going down I can't remember the name of the bank I think it was like Sovereign Bank or something like that uh and they lost a bit of market share there but what tether doesn't do is it doesn't really focus its energy on uh increasing kind of like payments doesn't Focus its energy on payments Integrations even though tether is still used a lot for payments especially on Tron it doesn't really FOC like tether as a company doesn't really focus their energies there and their efforts there and that's where coinbase is swooping in

and being like you know what let's focus our energy on payments like let's pay make payments one of our main kind of products and that's exactly what they're doing with usdc obviously they're not going to be promoting a competitor in usdt but you could do it with usdt as well there'd be no issues there but uh they really are leaning into this payments use case and they're not just doing it on ethereum lay lay one they're doing it on layer 2os and other layer ones out there I mean really generally it's just going to be so abstracted away that uh payments will just be like inst like you know near instant cheap and people won't even know what layer they're on like that's that abstraction that I keep telling you guys about that's going to happen and coinbase is definitely leading the charge there with

their coinbase wallet so as I said you can go check out this link be sure to click this on mobile to uh be able to to see what this is all about I'll link it in the YouTube description below for you to do so right uh a massive update today or a massive kind of product release today from uh Alesandra Mazza here who built a new crawler for ethereum nodes so as you guys know that there's been a few different crawlers out there that have tried to highlight ethereum nodes particularly on the execution layer side of things there's ether noes um there's uh uh there's the client diversity website which is like self-reported data and there's a couple of other efforts out there but all of them have been lacking like all of them have been very rough estimates uh and they've been

under counting by a large margin well in comes Alexandro today with this new W CRA crawler uh which he describes as a dedicated tool for the ethereum execution layer having successfully mapped approximately 30,000 nodes in just 10 days it leverages the ref P2P stack for discovering nodes and uses ethereum wire Network protocols for connecting with them this approach fil facilitates continuous scanning of the network allowing for the discovery and connection to new nodes now you can read the rest of the Tweet I'll link in the YouTube description below but I actually wanted to go to the website here which is ether clients.com and show you what this looks like so this is probably the most comprehensive view that we've ever gotten of the execution layer in terms of clients here now of course gu is dominating right gu is still at 73.7% here Aragon is actually second

place with 8.8% and nethermind is third place with 8.3% Basu at 4.6% and then the rest of the long tale of um of clients here as well so given that this is the most comprehensive view that we've had I think it would be the most accurate as well which means that we still need to get gu down a lot more than where it is now even though it's really cool to see that we have around 30,000 ethereum full nodes on the network right uh I mean you could say between 20 and 30,000 uh you know depending on like people running multiple like the same entity running multiple clients multiple full nodes stuff like that right because as you guys know like I run both gu and nethermind right now in production um I do want to still run a ref CLI just haven't gotten around to doing it uh but

when you you you think about it like that right in terms of like unique full nodes on the network in terms of people running unique full nodes that's an impossible number to get but it's good to see that we've got like almost 30 around 30,000 I I I just eyeing the numbers here if I'm if I'm eyeing it correctly um but yeah you can go check out this for yourself I'll link it in the YouTube description below there's also a nice little Twitter thread here from pames who discusses a bit more about this as well which I'll link in the YouTube description below and how they basically were able to map these nodes and and find so many more no no that ether nodes finds uh and as I said this is the most accurate execution layer node browser or node crawler that we've ever had in in ethereum land ever

like in the whole history of ethereum I have not seen something as comprehensive and as accurate as this so you should definitely go check this out and there's also a browse nodes tab at the top as well where you can actually find your node so if your node is reachable uh publicly here you can go to browse nodes and you can search by IP address I believe and be able to find your node in this list here which is great and as you can see there are countries listed here as well I think they're going to be updating this website soon like with a brand new look I think Alexandre mentions that yeah so there's a there's an old front end uh which is ether which is the one that's currently live on ether clients.com and they're going to be updating this and I hope they update

it with a host of information about you know where where these clients are geographically how long they've been online for or you know uh they kind of uptime generally stuff like that I would love to see to see that stuff on on this website so yeah I'll keep you guys updated on that as well but yeah you can go find um the the related Tweets in the YouTube description below go check them out there all right Mike nuda is back with a few others for a new blog post all about timing games in the context of meev so I mentioned this I think last week or maybe earlier this week about these new timing game well it's not new I mean it's kind of a thing that's been known for quite a while but like how timing games work within the meev pipeline here and how uh they're very

difficult to actually work around and how there's multiple efforts on working around them and have been in the works for like I think a year at this point well this new post from Mike and others basically discusses what uh the impact of this is what timing games are and mitigations going forward or possible mitigations going forward so they say here possible short-term mitigations and I believe they've got possible long-term mitigations along with pros and cons of each approach here so if you are interested in having a comprehensive breakdown of exactly what timing games are and how we're going to fix them or at least mitigate them within the ethereum network then this is the post for you I mean I think this covers everything I me I I skimmed over it just before I haven't read the full thing in detail but it seems to be very

comprehensive and cover everything when it comes to to timing games and obviously this is a a living breathing thing this isn't just like a one and done and there's discussions as well like if you scroll down you can actually see people replying to it and and and there'll be more discussions as time goes on so you can go check this out for yourself I'll link it in the YouTube description below for you to do so all right so eifi has been growing really nicely lately so ethery has surpassed 20K eth restak through IG layer U making it the largest Native eth rester and making e the second largest restak LST which means it's above both coinbase and Rocka poool which is pretty crazy to see here and I mean I did mentioned to you guys um about ethery a little while ago here and about how you

can get the staking APR you can get the potential reaking rewards I layer points and ether fire loyalty points as well so there's kind of a yield Burger going on here but you should definitely go check this out if you haven't yet because it seems to be a very popular solution with a bunch of people here which is which is great to see I mean you guys know that I love seeing more and more of these LST protocols coming online but not only just coming online but also getting uh market share here uh so so generally when you kind of look at this and you look at how things uh how things are going here uh we really do see that people are happy to go with other providers as long as there's a bit of an incentive there right as long as there's a bit of an incentive in terms

of extra Rewards or something like that so yeah very very awesome to to see this very awesome to see this growth because this has been pretty quick growth I mean I think I've only been talking about the them for for a few weeks now being live on mainnet here so the fact that they've been able to gather almost $60 million uh of of tvl here this quickly is is really great to see and I've always said that the way that we're going to reduce L's market share is basically like a death by a Thousand Cuts sort of thing where essentially what you do is you attack Lio from all angles essentially and then you slowly chip away at its market share and it's better that way than another than just one other protocol taking away all L's market share and then that protocol becoming the dominant one because I think people

don't realize this right now but l i mean I've mentioned it before Li is a concern but the bigger concern is coinbase to me like and not because I don't like coinbase or anything like that but because coinbase's relative market share is actually still going up now uh and has been going up faster than Lidos from what I've seen now this is because coinbase has a very um a very uh good pipeline for Institution staking so really any of the big institutions that want to get started staking they're going to go to coinbase first right they're not going to go really anywhere else um and then coinbase works with Partners like uh like aluvial right who are separate the coinbase but they just stake with coinbase anyway alial you know should in my opinion alal should be

staking with other providers and I think maybe that's on their road map to stake with other providers but right now they're staking with coinbase and as you can see here coinbase's dominance over other centralized exchanges is pretty vast binance so coinbase's market share is 15.2 2% of the network binance is is is 4.2% so coinbase has over a 10% lead on binance which is the next biggest exchange here and then Kraken is even smaller at 2.8% so as much as people make you know a big deal about Lio I am of the opinion that laos's uh relative market share is going to be stagnant if not Trend down from here on out and also laos's 35 entities right now it's not uh one entity like coinbase is and also I don't think that uh a of big

institutions are going to be staking with lier over coinbase either because coinbase just offers a white glove service and and a better probably a better white glove service than lier could offer uh and they're a more they're a way more trusted brand when you're talking about big institutions so when we talk about reducing market share here I don't want people just going at coinbase instead of Lio that that doesn't fix anything I want people going to the longtail of these staking Services over Lio and coinbase in order to make sure that we can get all of these things you know um as um as low as possible in terms of market share here here because absolute market share can still go up it's more about relative market share and what I mean by that is that coinbase and Lio can still get stake in but their relative market share

of the overall Beacon chain should be trending down over time that's what we would like to see now coin bases isn't at a level that I would consider to be concerning yet maybe if they got to 20% I'd be like hm okay guys they've grown pretty quickly here we need to be sounding the alarm bells or we need to be encouraging people to stake with other services but lier is still obviously the main concern here but still services like ethery and other staking services that are coming on online they're taking market share away from Lio and coinbase for sure right and and and that is I think overall good here but anyway going to digress on that point there you can go check out E5 for yourself if you haven't yet I'll link it in the YouTube description below for you to do so all right so Aragon has published a

updated 2024 road map here with four key highlights they've introduced Aragon Plus+ uh Kaplan full consensus archive node timeline for the release of Aragon 3 and more focus on code quality and user support so you can see here what the uh year 2024 road map looks like so Aragon Plus+ is version two is a version of Aragon 2 enhanced by components written in C++ um and then you've got the cap and full archive node both integrated into Aragon and Standalone version of Kaplan with full functionality including block production and full archive node mode which supports uh ethereum and and nosis chain as well and then Aragon 3 is going to be supporting polygon ethereum and nurus chain there and you can see the timelines of what this looks like

basically Aragon Plus+ will be out for ethereum in q1 of 2024 and then the others uh Kaplan and Aragon 3 in Q2 Q3 of 2024 here but at the top here you can see that um there is already functional functionally complete Alpha version of Aragon 3 for the polygon Mumbai test net um but it still needs some optimization as well as on ethereum and nosis chain with Autos scan inside as well which is an open source kind of block Explorer there so yeah you can go check out Aragon's full row map for yourself I'll link it in the YouTube description destion below but as I said earlier in the episode it surprised me that Aragon is actually number two not nethermind um when you look at when when you actually look at these new execution layer metrics here uh not by much obviously

but yeah it seems like people are more and more people are trusting Aragon as a client these days which is great to see because um from what I've the people I've spoken to they said in the past it was you know not the greatest client it still had bugs here and there but that's because it was new art but it has gotten a lot better over time so great to see that and you can go check out Aragon's road map for yourself I'll link it in the YouTube descript ion below for you to do so all right so raid. network has a new blog post today out today out today saying uh excited to be publishing the first open ethereum node operator performance meth methodology together with aluvial or liquid Collective uh which is part of alval and to have the rated Effectiveness rated validated

Effectiveness rating um AKA rer become a core part of the protocol's operation so if you say see here what the blog post discusses it's basically a a bunch of metrics that the rated uh Team have put together in order to essentially measure the effectiveness and the performance of a validator so you can see here they describe it as the ravar is a measure of how well a validator has been performing its deterministic duties over time it seeks to be a true measure of perform performance attributing points to the validator and operator for attributes of their onchain footprint that they have influence over for example whether they are getting their attestations included which implies that they are default online while dampening the effect of metrics that allow Randomness to creep into the measurements such as execution lay rewards that the validator has

accured so great to see this because I think that we need more and more of these kind of I guess metrics in order to see which staking providers and staking Services have the best node operators so that users can make a more informed decision about which they want to go with because rider. Network already has this to some extent like if you go to the rider. Network website which I had up before actually it's here and you see they have their their own Effectiveness rating here I think this is an evolution of that uh but then they have an Effectiveness rating per so this is the overall Network Effectiveness rating and then they have the effectiveness rating per staking service yeah so if we go to the last 30 days you can see what it looks like it's not too different between Services I mean you

know you can see it's like 1% difference and the more node operators there are the lower it tends to be so you can see here rocker pool has thousands of node operators it's about 94% Effectiveness lighter has 35 it's about 96.8% but then coin b and binance a one note operator and they're at about 90 7.3 97.5% so yeah it's but like then you have like other centralized ones which aren't as power which which aren't as performance but generally when you're looking at this um the bigger you get as a as a as a kind of like a note operator it it it it becomes very hard to get close to 100% because there are so many things that can work against you uh and there and it adds more overhead especially as more validators join the network as well but maybe this changes when we have uh that max effective

balance increase EIP go live where we basically consolidate all the validators it remains to be seen um what happens there but yeah I'd be keeping an eye on that as well but anyway you can go check out this new methodology from the rated Network team I'll link it in the YouTube description below for you to do so all right so obviously the Talk of the Town in ethereum for the last few months especially has been all about EIP 4844 uh Liam here who is an advisor to optimism and was actually one of the co-founders of op Labs uh has put together a little tweet basically giving the taale the art of 4844 So l2s currently use 400 megabytes of data a day of of call data uh right now this AI the EIP specifies 2.75 GB per day in

blobs so we're looking at a seven times more data capacity than today but we don't know for sure how cheaper L2 transactions affect demand and how separating gas and data markets affects prices now when you're looking at it like this it's really hard to gauge what the impact of 4844 is going to be on the network that's why you may have seen estimates of like 10 to 100 times fee reduction or something like that because you know you you look at the 7 times number and you say okay well that means fees are going to go down by 7x but that's not the full picture because as leam mentions here we don't know how cheaper transactions are going to affect demand we can assume that it's going to bring more Demand right we don't know how each L2 is going to make take advantage of it we don't know if each L2

is going to actually play kind of this ping pong between the call data market and the blob market right to sto storing their data uh and we don't know how separating these markets out affects affects prices generally either so it's going to be very hard to gauge what the fees are going to look like until we actually have um a kind of main implementation in place we can make estimates and they're definitely going to be cheaper but we don't know and you know the the the the the um the the way the Erp 4844 works right now with with having an extra 2.75 GB per day in blobs that's actually going to go up over time like that's not the final number we can tweak that up over over time as the network becomes more performant as we do more work to improve the the the the um

the P2P layer as we do more work uh with upgrades like the max effective balance increase which allows us to collapse the amount of validators on the network which uh brings the overhead of the network down so that's going to go up over time but there's always this thing of like it's induced demand when you give people more capacity to do things they'll take advantage of that capacity and then the priority fees kick in again and then we're back to square one of basically okay well uh the fees are going up because uh people are willing to pay a higher fee to get their transaction included and this is true for pretty much every blockchain that has priority fees in place and every blockchain will eventually even if if they don't now they will eventually have priority fees in place because priority fees are a way to prevent uh D all of

service attacks where essentially if you don't have priority fees in place what you have is just like a spamming of transactions and then your network can potentially go offline and we've seen this play out with other networks like salana that you know it's gone offline at least once because of this issue and they've implemented fixes for this to their credit of course um but generally you know they have priority fees and at some point like if they don't increase capacity uh and and and they've got like a flood of transactions that come in then logically uh you know the priority fees go up and because people want to get their transactions in it just depends on what's happening on the network so this is the same for every every Network out there uh and this is as I said a way to prevent dos attacks

but also a way to make sure that the network is is generally stable overall and that we properly uh meter the demand for this sorts of stuff so I think demand's going to keep going up from here I think that it's naive to believe that uh when it comes to fees and it comes to to to um being able to get fees cheap over time it's naive to believe that we're going to be able to get them durably cheap for for a while because there's just going to be so much demand coming in and there's going to be different ways to deal with this demand I'm I'm pretty bullish on the external data availability layers in the short to medium term um and you know at least until full dank shotting is in place but I'm bullish on them generally as well I mean I'm not bullish on honestly you

guys know my opinion on this I'm more bullish on Ian da over everything else um but like why I'm I'm bullish on them is because if you think about the types of transactions that need to happen on these networks if you have a lot of transactions happening and it's for like a game or something like that you don't need to put that on a full rollup you don't need to put that on ethereum layer one so what you do is you put that on an external da da and then you have the the best of both World worlds where essentially the funds can't be stolen but if the da isn't there obviously it can be frozen and if the da is lo if the sorry if the data is lost but then you can give the the users the option or any external data uh provider the option or external

any external party the option to download and keep that data um and then be able to recreate the state themselves if they were if they so choose right so you have like a world of data availability Solutions coming online right now I think that's going to consolidate just like everything in this industry is going to consolidate over the next 5 to 10 years but in terms of how e 4844 is going to affect the overall fees for layer 2s they're going to bring them down at at least over the short to medium term for sure but then it's going to be on the r ler 2 teams to to continuously do updates to their own system to get the fees down even more and then 4844 will continuously be updated in order to increase the amount of um space there us here uh in you know

in order to give more capacity and it's just going to be like a cat and mouse game like it has always been when it comes to scaling ethereum but yeah we'll have to wait and see when this goes live on Main net to see how this actually plays out I'm excited for it and I'm sure you guys are too all right so L2 has another update on their website today so they've just launch launched a significant Improvement to their liveness page apart from insights on transaction data submissions and State updates uh L2 bit is Now tracking tracking proof submissions for ZK rollups so I've showed this page I think last week or the week before when they first put this live and I've said to you guys I think this is one of my favorite pages on l2b these days um but now they're tracking

ZK rollup up updates as well which is really really great to see so you can see here that in terms of State updates uh star is doing them in uh less than a minute here which is pretty insane when when you look at that U but there are other ZK rollups here like scroll obviously and and ZK syn and and and obviously polygon ZM as well and you can see the different timings here of of their State updates now of course uh this will get updated over time because there's a lot of Nas in here right uh no sorry not the nas the the coming soon I the nas mean it doesn't apply to them like a proof submission doesn't apply to um to optimistic rollups because obviously they don't use validity proofs they use fraud proofs which doesn't require a submission unless something goes wrong or unless you you know you

catch fraud but there's other things like you know the coming soon here for proof submissions for for stocket uh and then uh for for paradex as well down the bottom here but this page will keep being updated over time uh and you can keep an eye on it to see what this stuff's all about but yeah I mean I've said it so many times but I'll say it again guys we don't deserve l2b they're just such an amazing solution such an amazing uh resource I should say to the issue of what's going on with all the L2 twos between them and grow the pie uh which I've I've um growth.com which I've showed before uh they're just doing amazing work to make sure that we have a complete view of the L2 ecosystem and kudos to both of those teams for that but anyway I'm going to stop gushing

there you can go check out this page for yourself I'll link it in the YouTube description below for you to do so all right matcha has announced something really big so they've announced cross-chain swaps on matcha so you can swap directly for tokens across seven different chains including l2s and l1s self- custody the whole way and you can tap into matches aggregated liquidity across 100 decentralized exchanges guys the reason why I am covering this is not just because it's a really cool feature but also because I want to say I told you so and the reason I want to say I told you so is because how many times have I told you that all of this chain stuff is going to be abstracted away all of this fragmented liquidity stuff is going to be abstracted away now as a user of matcha

you don't worry about any of this you put in what you want to trade in the cross chain thing here you can see on the video you want to trade 100 usdc for for wrapped eth and then it sources that from everywhere no depending on the chain that you're on right from from all of the supported chains here I think there is uh there's ethereum po ethereum mayet polygon uh POS chain optimism arbitrum uh BSC and Avalanche are supported obviously more and more chains will be supported over time but this is the end game guys this is what we what most users are going to be doing they're not going to be bridging here and there or whatever right they're going to be just doing it all from one super app like matcha or some other aggregator like C swap or whatever it is or Unis

swop X right that's the end game and users will never have to deal with any of the issues that people say they're going to have to deal with like fragmental liquidity and bridging and stuff like that no not at all and this is actually powered by a bridge in the back end it's powered by socket um which is a a bridging protocol uh in in the back end that's how they're able to do this cross chain Swap and that's how they' able to do it as seamlessly as they are but again it goes back to what I was saying that Stop Believing these narratives that l2s are going to suck because they're fragmented that that's not the that's not the reality at all l2s are going to be awesome because we have these solutions that allow us to essentially bring them all together and it doesn't matter where uh where the

liquidity is sourced from it just matters what the user gets in the end and what chain they're on if you're on arbitr it doesn't matter if you're on optimism it doesn't matter you get to tap into liquidity from the other chains by using matcha and you know what's funny this is something that I've been talking about for years like this is not a new thing for me guys and anyone who's watched the refill for years knows this I've been saying it for years that this would happen and it just feels good to be right I guess but I'm not you I'm not trying to to toot my own horn here a little bit but it's frustrating for me as someone who kind of sees so far out because I'm just so plugged into the ecosystem when people say that these are issues that can't be resolved like what

do you mean they issues that can't be resolved of course they can we have the technology to do this and here it is it's resolved like there's no issues anymore on these things it's just that it really is at this point a a game of refining it making it a better user experience generally make you know abstracting away things like gas fees which we're already doing as well I mean cop has already done this right so we're doing all of that it's all happening it's happening probably a little bit faster than I thought it would which is cool uh but it's still going to be a while before it obviously penetrates into the mainstream and stuff like that but the fact that it's already happening just kills all of those bad narratives in my opinion about about l2s but of course the narrative is a narrative uh

you guys know the reality but the reality takes time to play out um but yeah cool to see this from matcha today and congrats to to them on getting this out there and congrats to socket on getting this integration it's a pretty big deal all right so I think I mentioned fluent which is a new ZK WM L2 on ethereum I think I mentioned this a few weeks ago now um and they put put together a thread about all the benefits of the ZK whism VM here and you can read this thread I'll link in the YouTube description below but the reason why I'm excited about this is that it expands on what's already possible with uh with um with ZK uh but not with the evm with the new fluent VM right with with wasm which is web assembly which is something the

ethereum ecosystem has been interested in doing in for quite a while now and I know polygon is working on this with Nia but fluent is basically being built from the ground up in order to to do to enable this in order to enable new use cases taking advantage of this as well so if you're interested in learning more about that and more about fluent VM you can go read this thread as well as their documentation I'll link it in the YouTube description below for you to do so all right so I just wanted to highlight this really fun video from polygon today all about their identity solution which is polygon ID so you you'll recognize one of the characters in this video Hudson Jameson longtime ethereum Community member um what you know was instrumental in the uh the earliest days of ethereum up until I

think 2019 or 2020 um and he's uh part of uh polygon now so he works works at polygon now in governance there so Hudson is one of my favorite people in the ecosystem but in this video uh him and um I don't know the woman's name here actually sorry to her I I don't I don't recognize her but but they basically do a video on polygon on ID generally and about how broken ID is today or how broken identity is today and how polygon ID can actually fix that so I just wanted to give a shout out there you can go check out the video for yourself I'll link it in the YouTube description below for you to do so all right a big announcement out of safe today so they've introduced something called safe or so in Partnerships with web3 or uh they've introduced safe or which is harnessing

the power of portable smart accounts through a social single social login accessible interoperable and portable so what is safe or well much like a single sign on in web 2 such as uh signing on to like with with Gmail or with um so with Google or with Facebook safe for allows web 3 users to easily set up a smart account using a familiar authentication method like their Google account with no seed phrases nothing of the source you can basically set up your own uh ethereum account essentially just using your Google account here which as I've said before as well this is the future of how most people are going to be creating a ethereum wallet or creating a wallet for ethereum and and l2s and stuff like that it's not going to be managing private keys and Seed phrases and all that crap it's going to

be basically using what they're already used to like a Google account uh and being able to essentially plug that in to the onchain ecosystem and get all of the benefits of of this now this of course is a developer Tool uh the the um that they've announced today but this will be integrated into wallets uh and things like that so yeah I mean the future of wallets is looking really bright R uh not just from a um ux pers perspective uh and and I guess like usability perspective generally but also from a security perspective too because showing users a seed phrase and expecting them to secure that is not a very good security practice I mean I would say it's a pretty horrible security practice especially for most users who have no idea that that seed phrase actually gives a person access to their entire balance so getting rid of

that abstracting that away making sure users don't have to deal with that is a boon for not just ux but also security you can go check this out I'll link in the YouTube description below for you to do so all right balancer V3 has been announced so this is a major uh Innovation from balancer today or major announcement from balancer today uh they've completely overhauled and refined their product here with multiple new pool constructs streamlined amm tooling and Native yield bearing technology uh and in in balance of V3 so you can get the full details of this all link it in the YouTube description below there's a little post here uh but kudos to balancer for this obviously balancer is one of the OG def protocols they've been around for quite a while now I think recently they they suffered a bit

of a security incident which uh unfortunately uh may may have set them back a little bit in terms of adoption because that's just the way it goes but with V3 on the horizon set to launch in early Q2 of 2024 I think balancer is a set for a Renaissance here with all of these really cool features so you can go check this out for yourself as I said I'll link it in the YouTube description below for you to do so and I think on that note that's going to be it for today so thank everyone for listening and watching be sure to subscribe to the channel if you haven't yet give it a thumbs up subscribe to newsletter join the Disco Channel and I'll catch you all tomorrow thanks everyone