Layer 2 chat, Prague/Electra EIPs and more - The Daily Gwei Refuel #714 - Ethereum Updates

Transcript

hello everyone and welcome to another episode of the Del refu where cup latest news new the system I'm your host Anthony s to the 17th of January 2024 right everyone let's get into it so apologies for yesterday I missed yesterday's episode of course I did warn you that I I did warn you guys that I might be missing episodes here and there for reasons outlined on Monday's episode but I'm back today and there is a bunch of stuff to get through a lot of cordev related stuff actually and first off we have here that girly is forking to Denon today now I'm recording this episode earlier my time time uh it's about 5:00 p.m. my time I usually record the episodes at about 10: p.m. so the girly test net Fork has not happened but the time but by by the time the episode goes

out by the time you're seeing this it will have already happened so yeah that's happening I think in about an hour from now from when I'm recording but as you guys know if all goes well with the girly Denon Fork we then will obviously move on to sapo and Hol Sky which are happening on Jan 30th and Feb 7th respectively and then if all goes well with those test Nets as well you guys know that my own personal estimate for denune on mayet is is mid to late March so we're in the home stretch here guys we're very very close to getting EIP 4844 and a bunch of eips onto Main net finally this has been almost a year I guess like since obviously the um Shanghai went live or chapella went live last April after enabled withdrawals on the beacon chain there we we did I

remember I did say that it would be six months between upgrades not a year between upgrades but I think as I've explained you know they the cevs made a few key changes to EIP 484 towards the end there which resulted in it kind of being uh stretched out from what was November was the original estimate for it to go live on Main net till uh now about mid to late March here but yeah I'm excited to see how the Denon Fort goes as I said like it hasn't happened yet but it will have happened by the episode by the time the episode goes live hoping everything goes smoothly you know usually with these test net folks people point to things and like oh my god look it didn't go as you know it didn't go smoothly something went wrong when in reality a lot of the time it's

just participation being low on the network because they're test Nets you know how on Main net you can go to a few of the various tracking sites and see what the participation rate is and it usually is like 99% plus well on the test Nets it's not going to be that high because test Nets there's nothing at stake right there's literally no money being lost if you're not on you know online on the test net so the participation rate is usually lower whereas on Main net if your validator is offline then obviously you are not making money for for starters you are not going to be proposing any blocks or attesting to any blocks or being part of any sync committees and you will be bleeding out value slowly over time until you eventually get leaked out which does take a while but still there

is an incentive to be online of course as a staking service provider there an even biggest incentive to be online because you want to provide the best service possible to your users and get more stake in whereas on testnets there's none of that right so the really the motivation to be online is just to kind of an altruistic thing it's like a a thing of okay I'm going to be online because we need to get these test Nets done so that we can go to main Nets so yeah if you see any people tweeting about that saying oh look at the participation rate is really low blah blah blah it's it it doesn't really mean anything especially because there will be some people who didn't upgrade their nodes either so they won't F over to girly on Duna they'll be stuck on the old chain and they'll eventually come

around and and kind of fork off there but what we really looking for is just to see if the upgrade goes through smoothly there's no bugs there's no kind of um things that go wrong with it and then we can move on to sapoia and Hol sky and then as I said once those are done and everything is running smoothly uh a main net date will be set I believe the main net date will be set probably you know the next call call after H Sky Forks on Feb 7th and then that will give us probably at least a month before it goes live on Main net so as I say mid to late March I'm ering on the of late March more than mid-march but we'll have to see what what happens there but you're very close now guys not too far away from that but that's denune

basically I mean yeah it's a wrap on zenun but of course the cevs are not slowing down they're already working on or they have already been working on this for a few weeks now the next upgrade which as you guys know is called Petra or Petra or Prague Electra now Tim boo tweeted out a nice image here today with all the eips that are currently proposed not slated for inclusion yet but proposed to be included as part of this upgrade which there is no no date for this upgrade honestly guys like I I would say that like they ideally they would want to Target like November this year but given that there's so many eips here and if all of these were to be included I don't know how we would see November this year like this is a lot of eips guys like I mean and there's some

pretty major ones here as well like the veral tree related ones uh P Das like there are some pretty major EIP some of them have already been done and have just been pushed uh away from other hard Forks like all the F related eips I believe most of those were already kind of uh done but they just got pushed pushed out further in you know to prioritize other eips but yeah if all of these get accepted into the fork I don't see it it happening this year but it would probably happen sometime early next year and that's okay but uh as well as tweeting out this image here of all the iips Timo also linked to an ethereum magician thread which talks about all of this uh and there's a bit of discussion in here I believe this is the original thread started in November of 2023 which

I did highlight back then uh but this has got all the eips here now I'm not going to run through each of these eips uh and and explain to you what they are one because it will take me all the the whole episode and two because I don't know what each and every one of them do I have a high level overview of most of them but definitely wouldn't be the best person to explain all of them in detail but I will tell you the ones that I'm most excited about personally uh one of them is EIP 3074 which is the or and or or call EIP and this is something that has been talked about for a while now you see a lot of lot of people pushing this out on Twitter and it's basically ux upgrade for ethereum it has to do with what what what you do when you

approve a trans sorry approve a token for swapping and then do a swap from my understanding this IP would basically bundle that together so that you could do an approve and swap in one transaction so you don't have to do unlimited approvals anymore basically what would happen is you just approve for the amounts uh and then you swap as part of that same thing and that's it like there's not just a dead stale approval there that could be exploited later on you could lose fund so there's obviously a huge ux and security upgrade there for end users uh and then that AIP is on the execution layer side of things uh and there's also all the vericle Tre related eips which I've explained before is an effort that's been going on for quite a while now it is a huge effort honestly and it is something that is

going to be a huge upgrade to ethereum allows us to potentially uh sooner rather than later up uh up the gas limit without the negative externalities that I talked about on Monday's episode with with regards to increasing the gas limit so those those ones there uh then you have EIP 70002 which is execution layer triggerable exit for uh for stake which is basically uh going to be a huge upgrade for the security of things like staking pools where essentially as a user from my understanding you would be able to essentially exit a validator using the execution layer uh uh that that's with that staking service without you having to get permission to do that so you wouldn't have to go to the staking service and say hey I you know I want to exit a validator and then the validator node operator would have to do that for

you you could do this via the execution layer and then there's of course EIP 7251 which is increasing the max effective balance from 32 e to the proposed 2048 e and I've talked about this at length on the refu before so I'm not going to rehash it here but this essentially means that we get to consolidate a lot of the validators on the network still have the same amount of e Stak but consolidate a lot of the validators get that Network load down and then that leads to more positive things like being able to increase the size of blobs and potentially being able to increase the gas limit and stuff like that as well and then also you've got EIP 7547 which is the inclusion list EIP and this has all got to do with censorship resistance and and and um making it harder for the network to to

sensor essentially and making it so that we we give sensorship resistance back to sorry we give um the inclusion back to the validators rather than the builders and the Rel layers that uh that that that we have right now as part of the meev Boost network and then finally you have EIP 7594 which is Pier Das which is I believe one of the first steps towards full Das which is data availability sampling which is part of the Dank sharding road map which allows us to greatly scale up the data uh Avail the data availability of ethereum layer 1 which means cheaper fees for layer 2os of course so those are my favorite eips from this there are a lot of others in here especially a lot of others in here related for for developers to tap into I know there a bunch of developers are

really excited about EIP 7212 which is a new precompile and AIP 2537 which is BLS pre compile I don't know that that well enough to explain it so you can go check these out in The ethereum Magicians thread I'll link it in the YouTube description below but I know that devs in particular are very very excited about those two there but I think if I had to pick one that I'm super excited about on this just one I would say that EIP 7251 increasing that max effective balance is the one that I'm personally most excited about because I do uh understand all the positive externalities that can come from that and I do understand that the 32 e max effective balance that we have today is technical debt we do not need to have 900,000 Plus validators on the network because we're not doing execution

sharting anymore so getting that down is going to be very good for Network Health it's going to be very good for other things like increasing the size of blobs which is obviously very good for L2 and then making it so that the network is more secure and stable because at the end of the day ethereum L1 is being built to be the most secure and stable and SEC and um and uh and reliable uh settlement layer as you guys know as I've talked about before so these IPS go a long way to achieving that but as I said you can go check out all of these eips in the YouTube description in the link in the YouTube description below and also I just wanted to to quickly remind people that these are just proposed eips they are not included eips there are some here that will probably

get cut uh if I had to say which ones are going to get cut I don't know if I had to say which ones are going to get included I would say that EIP 7251 is a is a shoe in for inclusion uh and and a few others on this list but it's hard to tell this early on still so we're going to have to see how that evolves there which ones are ready for inclusion which ones are are not going to take uh forever to kind of implement for clients because that would just push things out further so yeah we'll see what happens there but you can go check this out I'll link it in the YouTube description below for you to do so all right Tom ask one of the C devs at nethermind put out a tweet over the weekend no a couple days ago where he

said what are the road map dates for each of the l2s to start using IP 4844 both on testnet and mainnet post about the l2s that are you most familiar with now Proto Lambda from optimism uh said personal view about op stack chains not official targeting devnet on girly soon Public public test Nets closer to the end of Jan early Feb and then looking to be ready for optimism governance voting cycle 19 which completes early March and hopefully then roll out shortly after L1 uh so you guys know that with IP 4844 it is something that the l2s themselves or the rollups I guess themselves have to set themselves up for to take advantage of it is not just an automatic switch over so uh Proto saying here that op stack chains are probably going to happen shortly after L1 so we won't have

to we don't have to wait long for that I believe Tao is going to add support for it pretty much straight away I think scroll already has a proof of concept for it I know that Jesse poac from bass quote tweeted this and said the bass team is working to the ensure that we upgrade to use blob space as quickly as possible after eth main net but that obviously falls into the op stack chains uh Steven goldfeder from offchain Lab said for arbitrum 1 and and Nova these decisions are controlled by the onchain contracts and in the hands of the arbitrum Dow so it would probably quickly happen after L1 um L1 uh sorry after the um the Denon upgrade on L1 uh on Main net and then Ramone said at ZK sync we're working to use blobs as soon as it is available on mainnet of course

so yeah we can expect all the major l2s to be read all the major rollups I should say to be ready to go pretty much soon after it goes live on mainnet I'm curious to see which one goes first like that might be a bit of a competitive advantage or at least the marketing Advantage uh it definitely is a competitive Advantage because you get cheaper fees but I think that the marketing as well is a pretty big Advantage saying you know look we can move fast we can do do these upgrades uh you know as quickly as possible come use out Network because you're always guaranteed to to get fast upgrades uh and I'm I'm I'm curious to see what the fees drop down to because as you guys know there there's two parts to to a 4844 in terms of how it has an effect on

fees the first part is that it gives extra capacity to rollups to take advantage of right extra data capacity there but the second part is something that it's not talked about enough in my opinion is that it's a separate fee market right so it doesn't have uh anything to do with the normal L1 fee Market which means that it's not going to be affected by the L1 gas fee Spike so for example let's say that the blob gas fee is at 10U that's pretty high I mean I don't know if it's going to be at tenu anytime soon maybe it will be maybe there'll be a lot of demand there but let's just say for arent sake it's at 10 gay and L1 is at 50 gay they're separate markets so the if that L1 goes up to 100 gay uh the L2 or sorry I should say The

Blob fee Market is still going to say stay at tengue it is completely separate to the normal L1 or I should say execution layer fee Market because the blobs are actually technically on the consensus layer so when you think about it like that that to me is the better upgrade because the l2s right now for a little while now have been suffering from the fact that L1 normally has these random spikes in gas that affects l2s and affects users there and as we lead into a bull market you can bet your ass that well I guess like into a into a full-blown bull market you can bet your ass that L1 gas is going back to 100 gay Plus for sure we already saw a teaser of this as things were heating up um not even really so much for ethereum but like just in general in the in the

market we already saw gas on the execution layer go up a lot so yeah we can expect that to happen there but that's not to say that there won't be spikes for blob blobs either because with blobs they can be used for anything they don't have to just be used for rollup so blobs I foresee people using uh inscriptions on blobs at least for at least probably at the very start because it'll be some kind of narrative that people will be Shilling to make money or whatever else so I can see that people doing inscriptions in blobs for a little while and that will cause the feast to spike up but we'll have to see we we don't know right it's just just a kind of a prediction that I'm making right now but I feel like given that we've seen them happen on evm chains generally

given that we've seen it happen on L1 ethereum given that it literally doesn't really make much sense to be honest to do this at all uh but given that it is happening yeah we'll have to see how that shakes out there but yeah that's the kind of row map for some of the major l2s there but I should say rollups you know the reason why I keep going back to rollups is because I use the term L2 to refer to rollups and validium now validium don't store their data on ethereum L1 which means that they get no benefit out of 4844 nothing changes for them because they're already storing their data elsewhere so they're not affected by 4844 at all I mean they could start storing their data on ethereum L1 because of 4844 but they would no longer be validium they would be considered full rollups here and

that's something that I saw people debating today vitalik actually got involved with this on Twitter today debating about the definition here I will continue to call validium l2s I understand people saying that we shouldn't conflate the security guarantees of a rollup and a validium and I'm all for that but in terms of Simplicity in terms of just having like a a simple kind of marketing term to use for people I think L2 is is fine to describe both rollups and validium and when when you talk about security as well like I'll make the argument that a roll up with a multier attached to it that's controlled by the core team let's say right that has full upgrade capability on the rollup there's no D or anything it's just them right that's less secure than a validum without that

in my opinion like I believe a validum that's storing its data on let's say Ian da for example without those centralized controls in place would be more secure than a roll up with those centralized controls in place so security isn't just about if it's storing its data on a theum L1 or not it is about so much more than that and you can make an argument for for various different constructions of what an L2 would look like but I think for Simplicity sake we should still refer to validium as l2s and I know that there's like there's the purest out there and there are core developers that disagree with me I know Dan cred is very adamant about a rollup uh sorry if you want to be considered an L2 you have to be a roll up but I think that that is while it may be strictly

technically correct like if you want to use the very strict technical definition of it it is not practical in my opinion it is not practical because what you end up doing is confusing users even more I've even seen people come up with new terminologies such as ethereum validium like I'm sorry guys we need to stop coming up with these new buzzword and terminologies that's just going to confuse everyone I I do think that we should just call validium and rollups l2s I I think that that is is fine because as I said if you're talking about security guarantees it goes far beyond the L2 terminology it goes into everything like it goes into what is there a multi-c it goes into um what what the what the overall training wheels looks like What's the upgrade procedure look like can users actually escape to L1 like is there an escape

hatch in place so it goes far beyond just where it stores its data so I don't really get that argument of why you would call something in an L2 or not just based on where it stores its data I think that we should just be breaking these things down uh you know intricately and we do that with L2 bit which actually is a perfect segue into what I want to talk about next which was L2 beat actually uh damn I don't have the Tweet handy right now somehow I somehow missed the Tweet here so I'm just going to bring up this tweet so there was a tweet here this isn't L2 beat themselves but this is Josh Stark basically uh tweeting out a picture of an edited L2 beat dashboard where he's got all of the different like optimistic and ZK rollups here uh with full green

pies at stage two decentralization now as you guys know stage two rollups are the kind of ultimate goal here getting them to be fully decentralized getting them to be fully SEC secure here and I quote tweeted this and I said this is what all serious rollup teams should be working towards stage two Roll-Ups are the way and then someone asked you know what is a stage two roll up well it was originally defined by vitalic In This ethereum magicians post which basically defines a roll up without training wheel so there must not be any group of actors that can even unanimously post the state rout other than the output of the code uh and then there there was also a bunch of other kind of um uh bunch of other criteria here that you need to meet to get to stage two such as upgrades are

allowed but must have a delay of more than 30 days so the Dow could upgrade the L2 but it has to be a long delay here uh and then there are a bunch of other criteria here I mean I'll link this in the YouTube description below you can go check it out um but if you go to if you go to the l2b website here and actually see um if I if I go to the l2b website for myself here and show you what this kind of looks like here uh you can see that none of the big rollups or none of the the kind of like most active rollups are at stage two everything is at stage one or stage zero or na na means that if you're a validium or an optimium and that means you store your data off chain you are not a rollup

which means that the stages don't apply to you but the only stage two rollups are dgate V1 and fuel V1 they are both Barely Used I mean dgate V1 has 7 million tvl fuel V1 has $657 of tvl so Barely Used so the furthest along most used rollup today is obum one with at stage one they're working towards stage two of course and they want to get to stage two this year I've seen them talk about but this is what we should be looking at when we talk about okay what's the security of a a rollup what's the security and what's the decentralization guarantees of a rollup you know those sorts of things we shouldn't be looking at at the things like okay well we can't call validium l2s because they don't have the security guarantees because their data is stored off chain I just don't think that's a

great way to look at it so if you want to get into the weeds and want to look at the actual guarantees of these things L2 beat obviously is the One Stop Shop for that and it has links to various information from other things going on there uh as well but yeah I I want to see this one like imagine if we get to see like the top five rollups here not including um optimium so if I go show Roll-Ups only you can see the top five Roll-Ups right now are arbitrum 1 op main net base ZK sync error and DX V3 imagine the top five there all being staged two all full green pies that is the the end goal of of scaling L2 scaling rollups y using Roll-Ups to scale a the and we want them to be at stage two because while they're at stage

zero then honestly stage zero an L2 is not so so it depends on the construction but like at stage zero it's it's pretty centralized guys like it's actually very centralized and I would argue that a lot of the l1s out there even though they're pretty crappy are probably more decentralized than than some of the stage zero l2s at stage one they start to look a lot more decentralized but then at stage two it's like full decentralization security guarantees you could exit to L1 if anything wants to go wrong and you basically get not the same guarantees as L1 ethereum like that's the thing if you're talking about 100% the same guarantees as L1 ethereum you're never going to get that from from from an L2 unless the L I should say roll up unless that roll up has no

upgrade capabilities at all it is literally just there uh and it can't be changed ever like maybe You could argue that that is as secure as ethereum L1 but I think for all intents and purposes and practical purposes uh a stage two rollup that is like 99% of the way there is still uh good enough I think in in my opinion especially for the fact that we don't have to trade off the security and reliability of L1 ethereum in order to to scale there but anyway you can go check out all of this for yourself uh I'll link it in the YouTube description below and speaking of L2 beats there is an exciting opportunity if you want to work on as an L2 researcher you can now apply at this website that I'll link in the YouTube description below to work on this at l2b so your role would be to

investigate and analyze active and upcoming L2 projects study their architectures and data Landscapes and enhance our Collective knowledge in the sector the ideal candidate is an active follower of l2b with a commitment to transparency honesty and integrity extensive knowledge in blockchain technology and familiar with key L2 Technologies like the op stack arbitrum Nitro polygon cdk Etc so yeah I mean guys like if you think that you're up for this role I mean I'm not going to lie here this is a role that is very specialized like uh they're probably going to want someone who is an absolute expert on l2s but if that sounds like you if you think you're up to that then go apply here I mean even if you aren't like a full-blown complete expert and don't know everything like like on the you know like the back of your hand it

might still be worth looking into this and applying here because if you do care about transparency within the L2 space I couldn't think of a better team to work for than L2 bit and being an L2 researcher like even if you don't stay at L2 beat forever even if you use that as like a stepping stone into something else maybe you want to go work on the l2s themselves I can't think of anywhere better to learn but honestly I feel like if you if you do this at l2b and you get to be paid to be a full-time L2 researcher uh you're probably going to want to stay so anyway go check this out I'll link it in the YouTube description below for you to do so all right so Tao's A6 test net is now live this is called catlar which is the most important test net they've had so

far allows the found it lays the foundation for our upcoming mainnet launch and there's a thread here and a blog post taking a quick look at uh what catler brings to the table and how you can get involved here now I think I remember there being a road map to main net for Tao I think it might be like very soon maybe Q2 or something like that uh but obviously this is another stepping stone being that it's the uh another test net Alpha 6 here they're calling it it is now live um and this is uh okay so the main thing that they here the main thing that that they're testing with catla is the based contestable rollup a configurable multi prooof rollup design which I talked about a few weeks ago with catla we enable multi prooof configuration with four tiers optimistic proofs sgx proofs sgx plus ZK

AVM proofs and guardian proofs you know what I really like about Tao is that they're doing things that are on the bleeding edge of Roll-Ups like they're not just building out a roll-up ecosystem obviously they're not a main it yet but they're not just building out a traditional rollup ecosystem they're living on the bleeding edge they're doing base boosted Roll-Ups they're doing uh multi-pro Roll-Ups they're doing research into all of this stuff and they're bringing it to ethereum main net so I'm very proud of this team I mean I should disclose here I'm an investor in Tao of course but like I invested in them because I I saw what they wanted to do and I'm like yeah okay this needs to be done this this needs to be done I don't even care if uh you know Tao doesn't end up being one of the top

l2s the tech that they develop will end up being used across the L2 spectrum and will end up being a net positive for ethereum and the L2 space here but anyway enough of me gushing about about Tao here you can go check out this this news for yourself I'll link it in the YouTube description below for you to do so all right so we have a new all-time high for tvl across all l2s so a gigantic $3 billion increase from last week's Monday 58% of which locked in arbitrum so arbitrum is a clear leader here in terms of TBL guys you can see what this actually looks like um on on grow the pie on the screenshot here um you know I I I've always said that I think tvl is an imperfect metric for a number of different reasons what the one

reason is because the higher the price of the assets go like if eth goes up in price then obviously the tvl as measured in dollar terms is going to go up a lot for everything that has ethernet uh but also it it doesn't show you exactly uh how much usage is happening on the Chain it just shows you that there there is indeed a lot of liquidity there which should translate to usage but it doesn't always so yeah TBL is imperfect just like every other metric honestly within crypto but it's still great to see that it continues to grow because it means yeah as I said there is a lot of liquidity there people to use for people to tap into people to kind of get value out of and that's what these l2s are going to live or die on especially these ones that have vibrant defi ecosystems

on them it's all about liquidity guys and liquidity begets liquidity and that's why arbitrum has been a clear leader for quite a while now because it is the defi L2 right now I know that op mainnet is doing a bunch of Staff same with Bas and ZK sync era but in terms of who's the clear leader it's arbitrum one right now like there is no contest there uh but the game is not up there is still plenty of room to grow for all of these l2s so it's going to be interesting to see which ones uh kind of grow over the next few years it's let's you know interesting to see how much momentum arbitrum can keep up as well because at the end of the day I remember years ago people said that optimistic rollups are now obsolete because we're going to have ZK avms live on on mainnet and we do

have ZK avms live on mainnet but hey guess what the two most used l2s still are it's arbitrum and op main net and Bas they're all optimistic rollups whereas the the other the ZK VMS that are live they are used but they're not used nearly as much so it really isn't about like the quote unquote best tech at the end of the day it is about the ecosystem that you that you cultivate that you develop and arbitrum and optimism have been able to cultivate some very healthy ecosystems that are that are very sticky right now so yeah as I I think I said this years ago where people calling for optimistic rollups to be obsolete were out of their mind at the time they're still out of their mind now yes maybe in in the next I don't know 5 years ZK EVMS and ZK rollups are

strictly superior but as I've said before the optimistic rollups can upgrade to be ZK Roll-Ups and they already have the ecosystem and the upgrade would be seamless for users they wouldn't even feel it and then there you go they've already got the ecosystem they they ZK rollup so it doesn't really matter that they were an optimistic rollup for a time right but anyway I'm going to leave that point at that last thing to get through here is just an announcement from shutter so they announced today that they they have proposed a blueprint for launching a dow powerered implementation of shutter network uh and this is published in this blog post which you can uh kind of um which you can uh which you can have a look at I'll link it in the YouTube description below but you you may remember me talking about shuta a few

times on the refill over over the years but basically what they're trying to do is make it so that uh you can have a uh I guess like a network that allows you to submit transactions that submits them to ethereum L1 and it's basically anonymized so there was something called shuttered Beacon chain which is what this I believe was born out of which essentially means that the transactions are basically Anonymous or basically private and they can't be seen which means they can't be front run they can't be meev that's extracted out of it and it takes away a lot of the neg negative externalities of meev such as obviously sandwich attacks but also censorship and things like that as well uh but yeah now they've moved to the next phase here of basically detailing how they're going to launch this thing and it's quite a

lengthy blog post I'll let you guys read it in the YouTube description below but this is quite interesting the fact that they're calling it a dow uh means that there's a oh so they okay they actually even announced the token I hadn't read through this all yet but they actually have announced that they're going to do a a token so I was going to say the fact that they've said they're going to do a d means that there's a token coming but they fullon announced it here um and they've actually broken down what the um what the uh the the distribution looks like here of spt which is the token that they're they're kind of doing here so it looks like that there there's no investors so early community members Dow Treasury and I guess like more Dow Treasury and there's going to be air

drops and stuff like that so uh the early Community member allocation ex uh is is going to a lot of different users you can actually see here partner projects um you know people that were in the shut shutter Discord Channel contributing people have contributed on the GitHub stuff like that most active users so very very cool to see this and they actually funny enough airdropping it to uh nosis chain validators too which is uh which is which is uh weird I guess like I would have liked them to to do it to ethereum validators as well like ethereum node operators too uh but yeah they're doing it to nosis chain validators I think maybe I don't I don't think shter network was a project born out of nosis but maybe nosis has been helping them and that's why they're doing that and there's kind of like

Synergy there but I'm not sure on that front but anyway you can go read these blog posts for yourself to get a full break down here but I think on that note that's going to be it for today so thank you 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