Ethereum's social layer, Dispelling fud and more - The Daily Gwei Refuel #589 - Ethereum Updates

Transcript

hello everyone welcome to an episode of the other great review where he kept the latest news in ethereum ecosystem I'm your hosty and this is honor it has the 22nd of May 2023. all right everyone let's get into it so kicking off today's episode was a blog post that vitalik put out today uh coined don't overload ethereum's consensus so this blog post I mean there are a few different ways to interpret it but the tldr or the way I've interpreted it is basically vitalik is putting a call to action out there or basically a warning out there to anyone building uh services that take advantage of ethereum's consensus or ethereum's validator set so uh obviously the the large amount of crypto Economic Security that ethereum has comes from its

validator sets and obviously the apps that will take advantage of these things would be something like restaking right like eigenlayer and other such things like that so vitalik is basically saying in this post if so if you do reuse ethereum security for your own applications don't rely on the ethereum social layout or the ethereum I guess like Network to bail you out if something goes wrong now obviously there has been a uh you know a similar thing or something like this that's happened in the past back in 2016 with the Dow and metallic mentions that in this post I believe but that was kind of a one-off thing right that hasn't happened since then as I explained I think it was last week we haven't had something like that happen again now let's just put some I guess like more context around this so

essentially what could happen in the future is that something like eigenlayer or a restaking service gets like 20 of the ethereum network or the ethereum validators to uh stake with them now what happens if that there's there's a mass slashing event where a lot of the um I guess uh Capital that was at that was taking with an eigenlayer service is slashed by eigenlayer not by the ethereum network and then all those validators have to obviously exit the beacon chain in order for eigenlayer to collect its dues for slashing those validators on the eigenlayer side of things not on the ethereum side it would take quite a while for that to happen obviously going through the execute is not a fast process but on top of that I I think given the that you know it's

like 20 of uh of all ethereum validators that would potentially be affected by this in this hypothetical scenario there would be calls for a rollback or an irregular State change or some kind of bailout from the ethereum consensus ethereum layer one um for these kind of uh restaking Services now I I agree with vitalik that we shouldn't uh even entertain this idea the only time that we would ever entertain the idea of a socially coordinated hard Fork would be if there's an actual attack on the network itself whether that be something like a 51 attack or a mass censorship attack where essentially I mean we're seeing censorship happen on the network but I'm talking at a really Mass scale and a

prolonged Mass scale uh if we're seeing censorship at attestation level we've only seen it at the transaction inclusion level so we should save like that thing it's basically our nuclear option right it's the it's the thing of large resort to do a socially coordinated hard fork and bailouts are not something that we should be doing ever again really especially if we want to preserve ethereum's core properties like credible neutrality so that's the main thing I took away from vitalik's prostr but other people had other interpretations of it I think a lot of people had the interpretation that vitalik said that eigenlayer is a bad idea and that we shouldn't pursue restaking I don't think that's what he said at all to be honest I think what he's trying to do is make sure that people understand the risks that are associated with these things now of

course I've talked about this on the reefer before now and I've talked about how I think that the risks are generally overblown I think because what people tend to do which is totally fair to do this I do this a lot of the time too but what people tend to do is they take like the worst case scenarios and then they start reasoning from the worst case when uh really the worst case scenario is by very definition the worst case right you shouldn't be reason you shouldn't be using that as justification for something being uh good or bad because you you can make the worst case scenario for anything really you can you can give a worst case situation or worst case outcome for literally anything that anyone ever does in life but it's all about what the percent chance of that that happening is you know I get when it

comes to restaking when it comes to things with economic incentives you can actually map it out and get a percentage from that so for example if there is a large economic incentive to do restaking because you're going to get a huge amount more I guess yield on top of what you're already getting from ethereum staking or from each state from just vanilla East taking then of course the economic incentive is to go and do that but even with economic incentives there's a limit we've seen time and time again about how even if the rational economic thing or the economically rational thing to do is one thing people will still do the other thing because to them they're not thinking the way you are even if you are thinking like completely logically and completely rationally humans aren't rational all

the time right we do irrational things all the time for various different reasons there are emotions at play you know there are a lot of people who go on about the most rational thing to do with your money to maximize the amount of like yield you can get and maximize the amount of money you can make but for a lot of people they don't care about that they don't care about Min maxing everything and getting the perfect deal to getting this that all they care about is earning you know if they're looking at something like yield they want to earn a decent return with relatively low risk right and they want to make they want to be sure that they don't have to think about it too much so there's not too much overhead but if you're trying to maximize the amount of yield you get

there's a lot of overhead in that because one you're taking on more risk because you're probably uh playing around with with riskier protocols because they're offering higher yields you have to babysit it yourself even if you're using third-party services you'd still have to babysit yourself to make sure that these third-party services are doing what they're advertising that they're doing right and what they would usually advertise that they're getting you the best yield it's just more mental overhead for you so more stress so most people don't want that right I mean I'm one of those people I I could be making more money staking all of my with rocketpool instead of doing solo stacking for example because I would get the RPL rewards but I don't want to do that because then I'd be worried that something maybe goes wrong with the rockapool smart contracts and as I said

before I mean I do have a lot of mini pools I have 11 mini pools right now um but I'm well aware of that risk but the reason why I haven't put everything in there is because I'm aware of that risk I don't want to have to think about it I want that extra mental burden there and I also don't care about absolutely maxing out the amount of yield that I can get from things it's just it for me personally it's just not something that I want to worry about too much so that's just one example of where thinking about things in a strictly rational sense is not the right way to go about it a lot of the time because humans are by their very nature you know by our very nature I should say I'm a human as well uh irrational at a lot of the time right

and we we do things based on emotions so that I think is an aside but still relevant to Vitality overall point in this post which again which um I forgot to say I recommend reading it as well so you get extra context around TR but I didn't take it as him saying that restaking was a bad idea or that uh that reusing ethereum's Economic Security is a bad idea I think he's just setting the tone that if you're going to do these sorts of things you're going to build products and services using ethereum security do not ever rely on the ethereum ecosystem and Community to and and the consensus side of ethereum to bail you out just because your thing bugged out or there is a massive kind of amount of heat that got locked up because you'll think bugged out or any such thing like that right and I think

the same is true for really anything in ethereum it doesn't have to do with just restaking it doesn't have to do with things with just touch ethereum's consensus I think that what Vitality is trying to do is separate ethereum's consensus layer from its app layout so essentially the consensus layer is the ethereum uh I guess like the Beating Heart of ethereum it is it is validators on there securing the network with a bond of 32 and being rewarded for it and they get obviously newly issued if there's a reward there but uh for the most part their duties are you know I guess like there are only real duties unless you want to add more to it through restaking is to validate ethereum's consensus and there's various different ways to to do that right doing uh attestation valve uh sorry uh testing

to blocks um proposing blocks doing sync committees all that sorts of stuff right so there's that but then there's the app layer which inherently is a lot riskier right it is the Smart contracts that run on top of ethereum they're risky art they're doing a lot more things they hold uh you know a lot of eth in them they hold a lot of funds in them so to me it's the same thing whether it's restaking or which are a bunch of smart contracts as well or it's an app like a defy app so let's just say there's a default app that has 10 billion dollars locked and then that gets drained I wouldn't and I don't think most people or pretty much everyone they wouldn't expect the ethereum consensus layer to do anything to alter that to alter that that hack to bail it out and we

shouldn't expect the same thing or I guess like people building restaking services and other such things shouldn't expect the same thing uh um uh if if someone was to go wrong there and same with l2s as well so that's that is my interpretation of italics post here you can obviously give it a read for yourself to see the things that you uh to see what your interpretation of it is um and I think the most important thing is also how this all feeds back into ethereum's credible neutrality because ethereum has had to work really really hard I think since 2016 uh to get back that that kind of credible neutrality and to get back that that trust um but I think that there's a lot of people who uh never came back to ethereum because of that you know

there's the whole people who went to ethereum Classic there are a lot of bitcoiners who are originally interested in ethereum and then the Dao uh kind of thing happened and they lost interest in ethereum because of that but if ethereum for example is a hypothetical scenario again if the ethereum ecosystem was to do another bailout here for an app let's just say that D5 example if let's just say it was exploited for 10 billion and the athene community got together and said okay well this is really bad we feel bad for these people let's reverse this let's do another regular State change that would in my mind permanently and irreparably uh destroy ethereum's credible neutrality and I don't think ethereum would ever be able to get it back I personally if there was something like that happening I personally would very a very high chance that I'd

probably leave ethereum and go somewhere else not that there's anywhere else for me to go I don't believe any of the other L1 networks out there actually live up to what I want to see from an L1 but I couldn't consciously stay within the ethereum ecosystem if that was to happen because that goes against the very fundamental property of ethereum it's credible neutrality it's decentralization it's settlement assurances and if that breaks especially now at this point where ethereum is so big then I couldn't consciously stay here and and keep supporting a network that did that thankfully I don't think that's ever going to happen um I think the only time that we would see a socially coordinated heart Fork is if there was an actual security risk to the ethereum protocol itself not just some kind of hack of a of a smart contract uh whether it be an Altura D5

contract or whatever else on on the base they are but if there was something like attestation level censorship happening where we had to basically do a fork where we we wouldn't actually be doing in a regular State change or we wouldn't actually be doing a rollback or anything like that we would just be socially slashing the offending validators but to do a regular State chains or a rollback that would require that that is like more than the nuclear option that is like the that is like the Death Star option that is the planet destroyer that's for sure that is something that we shouldn't ever use unless it's like if we don't use this now ethereum is gonna die sort of thing right um but then even if we were to use it what are the consequences from that well you know what happens to ethereum's

Credible neutrality there'll surely be some people who believe that ethereum's critical neutrality has been compromised by doing that and they'll leave the ethereum ecosystem so that's why you know the nuclear option there's Fallout right the the the the Death Star option there's Fallout there's there's lots of Fallout from that but we there are times or there there may be times you know it's obviously very low chance but and I'm talking worst case scenarios here again but there may be times where that is is kind of um something that that needs to be done but in saying all of that we don't need to use that and we we shouldn't ever use that for things like the a bug on a restaking service or an L2 wallet contract a bridge I should say gets drained or another contract gets

drained we shouldn't use it for that uh that's for sure there but enough of my rambling here you can go give this blog post to read to see what your interpretation of this is uh but that was generally my interpretation of the post itself all right so speaking of I guess like ethereum as a network Remy Roy here from e-stake I had a great tweet uh that I reply to so his tweet was the main purpose for an ethereum validator is to is to secure the ethereum protocol people have to be careful here making money is only a secondary result validators are serving the ethereum community not the other way around and then I replied uh by saying the entitlement that some people have around e-staking has always disgusted me now maybe discussed it is a strong word here

and maybe I should have used a different word but that's how I feel and then I continued by saying the ethereum protocol will be designed for what is best for the network not is what not is not for what is best for steak uh staker's bottom line now what I mean by this and what Remy means by this as well is that ethereum staking doesn't exist to make you lots of money it doesn't exist to make you lots of yield doesn't exist to pay you out a fixed term yield or whatever anything like that the whole purpose of each staking or ethereum proof of stake consensus mechanism is to secure the network and so first and foremost the security of the the network the health of the network the resiliency of the network is the thing that the community and the ethereum ecosystem should care the most about now of course

if the API gets too low there's going to be a lot of people who don't want to stake the reason I think the big reason why we're seeing so much e-state right now is because the APR is relatively high right especially when you account for execution layer rewards uh you know it can be like six to eight percent or something like that over the last month because the fees have been high right and that is an amazing yield on your eth don't get me wrong but if the yield was like two percent then obviously there'd be a lot less people interested in staking their eighth but the thing about the yield is that the less people who stake the more yield everyone else gets uh for staking their ease so it does reach an equilibrium there is a balancing act there now ideally we want

as much eats uh staked as possible um to secure the network but there is diminishing returns of that as well because it depends where that eat is being stake if it's being staked in a centralized service then that is less valuable than someone staking their eighth as a homesteaker or as a rock pool mini pool operator or something like that right so there are various different things at play here but there is a certain entitlement I believe among a certain group of stakers who think that they should be able to get paid this you know a high number higher APR at all times and that anything that would compromise that or anything that would reduce that APR is something to be shunned or something to be uh rejected and there are there is one big thing here around Mev which is the Mev burn proposal and I've already seen people

complain about and say that oh you know Mev burn would mean that we'd lose uh the Mev Lottery that stakers currently get to enjoy I'm like oh okay yes but the thing is is that most mevs actually toxic and Lisa toxic externalities on the network such as the censorship that we saw with the relayers such as sandwich attacks uh and such as compromising ethereum's decentralization those sorts of things stem from Mev so really if we don't handle Mev if we don't fix the issue with MAV and eliminate as much of it as possible The Logical conclusion is that the ethereum network just eats itself alive anyway and then who cares if you're getting eight percent APR if the ethereum network is just uh is just not dead but like it's just losing relevance losing

dominance people are just migrating away from it so you have to think about the long-term effects of all this sorts of stuff here and I just don't think people do sometimes and also on the Mev Lottery front as well if you're a solo Staker right and you have let's just say you have one validator and you want to get one of those 100 eighth blocks that you see proposed sometimes it really is a lottery because the chances of you proposing that block as a single validator even if you have like 10 or 20 validators the chances of you proposing that block are so small that you would probably be better off playing the lottery to be honest right because think about it even if there was one of those blocks every week right and that and that doesn't happen it doesn't happen

every week but let's say for argument's sake there was one of those blocks every week right so uh you have to propose that block 108th block and you'd have to be chosen to propose that block out of the I think there's over 50 000 blocks that get proposed each week right and if you've only got one validator I think your chances of proposing that block would be 0.0005 uh per week and as I said it doesn't happen every week so if you do it every month you can divide that by four you if I'm doing a math correctly here your chances would probably be 0.00015 or something like that so is it really worth it to compromise ethereum's long-term Health security resiliency

because you want to play the Mev Lottery no I don't think it is and I think that the Mev burn is a better way to accrue value to you anyway because logically the uh a dwindling each Supply and a supply that that is more deflationary gets burned more and more means that each becomes more valuable so it's actually better because you hold it as a Staker so you're accruing value from that rather than trying to win lottery so that's that's the way I view it anyway but yeah I just think there's a certain entitlement around the APR which they which there really shouldn't be because as Remy says yeah validators are serving the ethereum community the ethereum network not the other way around you know ethereum doesn't it staking does not exist to give you the maximum API if you want to do that there

are plenty of other ways to do that within the crypto ecosystem obviously various risks associated with it but definitely don't write like don't count on uh over five percent APR to be honest being the norm on e-staking for very long I really don't think that's going to last very long I think there's going to be way more each staked I think that eventually Mev burn or some kind of uh similar mechanism is going to be uh uh is going to be implemented in the network and yields will probably fall two to two to three percent or something like that and if that if you're not happy with that right as a vanilla staking eth yield you can uh get your eighth and go somewhere else but the thing is is that lsds and restaking actually change this calculus a lot because if you're staking your eighth

right and you have an LSD whether it's ra Thor or his teeth or whatever else you can then use that somewhere else to earn even more yield so maybe you're only earning two to three percent from the ethereum protocol but maybe you're earning three and four percent on top of that somewhere else maybe you're you're lending out your your uh um your lsts or maybe you're using them as collateral and borrowing against them to do leverage staking yes there's more risk but that's what you want what you get if you want more API you have to take on more risk so yeah that's a little a little bit of a rant I guess about uh staking generally and I just want to set that expectation that Eve staking does not exist to Matt give you maximum APR it exists to secure the network and it

always will exist in that uh in that kind of frame all right so Ben Edgington has announced that he has uh put together his definitive account of deposits and withdrawals on in his upgrading ethereum book so you can kind of uh give this a read uh to see how deposits and withdrawals of uh each stake Works uh basically and there are different sections here on the left hand side you can see making a deposit the deposit contract deposit processing and withdrawals so if you were ever interested in learning a lot more about how deposits and withdrawals work on the beacon chain you should definitely check out this section of Ben edgington's upgrading ethereum book which mind you is I guess like I've mentioned this book

before but it is going to be it currently is but he keeps adding chapters over time but once it's complete I believe it's going to be the absolute definitive Guide to the ethereum beacon chain and everything that makes it tick and makes it work and how everything plays in with each other so I'm very much looking forward to this being completed because I hope Ben is planning to do a physical version of this book because I would buy this out of that and I definitely think he deserves to be rewarded for all the work that he's doing here so I would love to support him that way as well but anyway go check out this part of the book I'll link it in the YouTube description below for you to do so all right so over the weekend we saw a governance attack on tornado cash so

apparently an attacker was able to get themselves a lot of votes to take over tornado cash governance and I think that they redeployed the governance contract or some kind of contract to ethereum that allowed them to or will allow them because there's a seven day time lock I believe there's still a bunch of funds now from my understanding they are not able to steal funds that exist in the in the tornado cash pools or at least most of the pools it's just in the governance pool itself and I think that it comes as probably no surprise that these attacks happen when there's obviously economic value on the line and as I said before this is why I'm very bearish on just vanilla on chain governance voting because you can just Acquire The Tokens

whether you buy them or borrow them or whatever and you can overtake these protocols quite easily and it depends on how the protocol is set up now thankfully tornado cash the actual um mixing pools and things like that actual mix XR is immutable can't be changed and is not controlled by governance but other parts of the tornado cache protocol are and that's exactly what the um uh what was what happened here now I believe Samsung actually has a another longer thread that I don't have up right now that I can that I can bring up that goes uh goes through exactly what happened here which you can find on his Twitter profile but yeah that essentially that's the tldr I said the tornado cache protocol itself is I believe fine the mixing part of it but the governance is seems pretty blocked

right now which is obviously unfortunate to see but a consequence of having on-chain voting now in saying that I want to talk a little bit about on-chain voting so I'm not like totally bearish on just all on chain token holder voting I am just very bearish on the vanilla token holder voting where essentially what I mean by that is where you have the tokens you either vote using the tokens or you have to stake to to vote on using those tokens but that's all you have to do there's no reputation at attached to it there's no kind of like nft based uh I guess uh verification of who you are attached to it there's there's nothing right there's just the tokens and that's it which I think is just a very bad way of doing on-chain

governance because it can lead to these attacks it means that anyone can have the same voice as someone else who is really uh or even more of a voice or someone else who's really active so for example let's say that you're super active in a Dow's governance but you don't have many of the tokens well unfortunately if it's just using uh token holder voting just vanilla token holder voting then your voice doesn't really mean much and obviously there's there's delegation as well where people can delegate to you if you are actually a good Steward of the protocol but again someone else can just come in with a lot of tokens they can either buy it or borrow it and end up having more voting power than you just because of that so that shouldn't be the case at all what should happen is that there should be

on-chain reputation systems that uh are based on uh on chain attestations and this is what uh the uh testation the ethereum attestation service or EAS is trying to do and they're partnered with optimism to do this as well and optimism is actually one of the leaders here in in doing not just token holder voting um and governance but doing more than that like with their badge holders and doing stuff with attestations but that's the kind of stuff that you need to do because in that world the person who comes along with the tokens that they bought them or borrowed them they don't really have much power but the person who may have less tokens uh delegated to them but have like a really good reputation because they've been involved with the governance process for a long time they've been involved with the project and Community for a very long

time and they've gotten that power based on merits well their voice is worth a lot more and they can and they can override someone trying to attack the protocol even if that someone has a lot of tokens or a lot of votes delegated to them so I want to see more of that and less of these just even a lot of uh kind of a token holder voting because I just very bearish on that and I don't think that it's something that can work a long term but anyway you can check out Samsung's profile he'll have a tweet a thread about this week and dive deeper into exactly what happened here all right so Bedrock is around the corner the major like upgrade that it's been coming to the optimism Network for quite a while now I believe June 6th is the main date for it if I remember

correctly here uh and they put out a blog post around their multi-proof design in the op stack so I've talked about this before and about how the op stack is has been built with bedrock to be multi-proof which means that it's not just limited to uh fraud proofs or or or the proofs that are used in optimistic Roll-Ups but it can also be expanded to things like validity proofs which are used within ZK Roll-Ups now I remember telling you guys about this very long time ago it it probably goes back to as early as 2021 where I said that optimistic Roll-Ups uh or any Roll-Ups really are not limited to just using uh uh fraud proofs they can also use validity proofs and really any other proof schema out there that proves to be

uh uh proves to be better than than I guess like fraud proofs because fraud proofs they're cool but they're not the best I think uh the the best right now that we have are validity proofs but we can probably do better eventually maybe there's some other thing that comes along well that's what op stack is being built to do and that's exactly what arbitrim has done as well with not Nitro that's what a lot of these other platforms are trying to do as well there's a lot of these other Roll-Ups they're trying to be modular in their in their approach to proofs so that they're not just locked down to using fraud proofs or using validity proofs in case something better comes along they want to be expressive they want to be able to use anything and that's why I've said before that optimistic Roll-Ups like

optimism and arbitrim are going to have a really easy time uh changing over to becoming you know ZK Ross by just using validity proofs because they are being built that way and as I said I have been saying this since 2021 where people back then were telling me hey isn't it really bearish that ultimately Roll-Ups are going live now but they're going to be obsoleted by ZK Roll-Ups and at the time I said two key things I said I don't think so because the ZK Roll-Ups are still pretty far away and I think that arbitrary and optimism are going to be able to grow pretty good Network effects in a pretty good ecosystem in that time frame which they both have especially arbitrim of course and then two was that fact that the uh ultimate stick roll ups aren't tied down to using fraud proofs

they can also use validity proofs and anything else um because they can be built that way so great to see that this has uh played out and great to see this blog post from Hope Labs which I'll link in the YouTube description below for you to check out all right so just spelling some fud here so I saw I guess a bunch of people talking about um some terms of service that were that you have to agree to when you use metamask which as you all know is a consensus product so in the terms of service it basically said that metamask reserves the right to withhold um funds due to tax obligations now this had nothing to do with metamask itself metamask does not collect taxes on crypto transactions as consensus says

here and they've not not made any changes to to their terms to do so and the reason why they can't do this is because metamask is a non-custodial wallet it does not ever get any custody of your funds even when you use inbuilt metamask features like metamask swap now the reason why those terms were in their terms of service were for other products that consensus offers such as as they say here the tax section in our terms of service falls under the fees and payment section and it exclusively pertains to products and paid Plans offered by consensus for example infuro has credit card developer subscriptions which includes sales tax so again has nothing to do with metamask had to do with consensus other products please for the love of God whenever you see people talking about this sorts of stuff and

spreading this this stuff check your sources don't just go off what some random person yelling on Twitter is saying you need to check your sources and the same goes for really anything in this ecosystem I mean I spoke about the Ledger stuff last week and how I believe that was pretty pretty overblown but also there was a lot of um clickbait happening a lot of Engagement farming happening and people who just wanted to get those sweet sweet um you know likes on Twitter and that sweet sweet engagement on Twitter when the reality of the situation was a lot more benign than I think people made it out to be not saying that ledger didn't screw up their communication was absolutely shocking and the fact that many people believed that the um private key couldn't be X filled was uh uh unfortunately completely wrong that is

all you know totally fine to to get angry about that but I think where it got stupid was that people were saying that ledger rugged everyone and everyone's a hardware wallet was now unsafe and all that other stuff when in reality it really wasn't right we're not at that point maybe we maybe at some point it gets to that point because the firmware is closed Source we can't see what's going on as I said last week maybe it can eventually get to that that point but so could it with pretty much like everything um and I think that the grand irony is that a lot of people who were complain complaining about Ledger stuff I can I I mean I don't have any definitive proof of this but I I can bet that a lot of those people hold their funds on centralized exchanges anyway right and

maybe they hold some on a hardware wallet but I feel like a lot of people would hold their funds on centralized exchanges for various different purposes I bet a lot of them held their funds on FTX right so the outrage that I see about just these things generally on social media I think nine times out of ten most people are just doing it for for engagement farming for those sweet kind of like uh endorphin uh fueling social media points but really at the end of the day just always check your sources because their source and the real reality of the situation is often a lot more boring than the talking heads on social media would have you believe but anyway you can check out consensus's full Thread about this I'll link it in the YouTube description below all right finally here just a quick

shout out to the new extension from uh eathdash so eth.xyz has put out a Chrome extension here that allows you to view various different things about ethereum so there are network stats so you can see things like the price the total supply of eighth uh gas fees obviously uh staking in withdrawals you can see the current deposit queue total validators all things like that there's links to various ethereum dashboards there's an address book uh and I think a few other features on here now I have this installed right now but I don't know if this is going to show up no it doesn't show up when I click it here but I've been using this the past couple of days and it's been really cool just to have quick access to a lot of different things that I usually uh have access to uh that I usually check um in the normal

way and I'm just reading it right now as I said you can't see it on my screen but I'm just reading this taking in withdrawals page right now guys there is 65 000 validators in the entry queue and only 15 in the execute this is crazy absolutely crazy I I still can't get over this I I I actually put out a tweet I don't have up I've I put it out over the weekend where I said I knew people were going to be wrong about ethereum withdrawals being bearish for e-staking but I didn't expect them to be this wrong and the ethereum ecosystem just continues to surprise me and it to me that's bullish but I mean I'm always bullish so take that with the grain of salt but anyway you can go check out this extension uh it'll be linked in the YouTube description below uh but 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 Discord Channel and I'll catch you all tomorrow thanks everyone