Merge devnet, 500,000 ETH burned and more - The Daily Gwei Refuel #227 - Ethereum Updates
11 Oct 2021 · 29:04
Anthony Sassano recaps Ethereum news for 11 October 2021, starting with the merge interop devnet, where several consensus layer and execution layer clients ran together. He still expects the merge around late Q1 or early Q2 2022, and notes that 500,000 ETH has been burned in about 66 days since EIP-1559 went live. Much of the episode argues for the shift from monolithic to modular blockchains, saying new teams will launch layer 2 networks rather than layer 1s, and, after a tweet he reads, likens optimistic rollups to broadband and ZK rollups to gigabit fiber. He also covers gasless swaps for MATIC on the Polygon PoS chain, an optional 30 gwei minimum gas price recommended to its validators to curb spam, and the Alchemix roadmap.
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hello everyone and welcome to another episode of the daily gray refuel where recap the latest news and ethereum ecosystem i'm your host anthony susano and today's 11th of october 2021 all right everyone let's get into it so i think this was the biggest news right over the weekend uh this picture all these couple of pictures were shared by ben edgington on twitter uh i think it was maybe uh saturday morning for me when i woke up i saw this but basically uh the ethereum 2.0 merge interop devnet was confirmed uh it was you know the devnets that i was talking about last week with regards to the merge and and the interoperability between them all i think there were three or four execution layer clients or consensus layer clients and three execution layer clients all talking to each other which is obviously a huge
milestone you can see in the picture here a bunch not all but a bunch of the the ethereum one and two core developers and researchers all kind of like celebrating here i mean this picture as i commented here reminded me of like a space shuttle launch right where you saw the kind of like um nasa scientist in the uh celebrating and clapping when launch goes um goes goes right and that's exactly what's happening here this is just absolutely huge i mean i'm pretty sure this devnet is still live today like it hasn't been shut down yet um it's i i think so um i i remember seeing like there was a fork monitor that i was watching that kind of like had information about this but essentially just absolutely amazing that this was all done i'm sure you all saw the kind of like screenshots from last
week that i was also sharing on the refuel of people uh putting on twitter and i retweeted all of them but it was accommodated in this essentially and i remember saying last week that we see these devnets we'd see these test nets going live and you know i don't have any kind of like indication of when the merge is going to go through still i am still betting on late q1 early q2 next year i'm not betting on an early q1 kind of launch here i just don't think that's realistic from where we are today uh and i also think that there's still a bit of things or a bit of a bit of kinks to iron out with stuff from from what i've read uh but tim baiko said that there will be more information coming this week i'm sure he's probably going to write a recap of
what happened you know what what work is left to do kind of like maybe a target window you can see him in the picture here he's he's front and center there taking a photo um and then uh you know we'll get more information from him probably this week so i'll be sure to cover that but how exciting guys like seriously i was thinking about this today actually i'm like how many things that do ethereums have to look forward to really at the end of the day i mean we had one five five nine go live and that's all been well and good and five hundred thousand eight has been burned which i'm gonna talk about a bit a bit later but you know after that it's not like okay what's next you know i always think about this with the bitcoin community they get so excited about the
harvening and once the harvesting happens it's kind of like okay well what do we do now right there's not really anything else to look forward to in my eyes uh whereas with ethereum we had one five five nine go live which was effectively like a hardening because the net supply is 50 less than what it was so it you know it effectively was a hardening for ethereum but not just that like immediately after one five five nine went live like everyone started talking about the merge and layer twos were coming online we had the um kind of like arbitrary go live and optimism start onboarding more apps and you know recently we've had starknet or starkware say let's start and it's going to go live on mainnet in an alpha version very soon so really i mean there's no shortage of things for us ethereums to look forward to and you
know even outside of kind of like the the core dev stuff like all the the kind of the core stuff like um obviously the merge and sharding and and layer twos and things like that it's also also the application layer that's that's just seems to be steaming ahead i mean for those of you who may have been paying attention defy is actually making a pretty big comeback and it's not in the areas that you think it is like there's kind of two segments of d5 right now there's like the old d file gen 1 d5 your makers and your yearns and your kind of like uni swaps and sushi swaps and all that of the world and then you have like your gen 2 d5 um there's a bunch of these projects like uh like spell or mim or i think it was called abracadabra money or something like that
um rari capital uh uh uh uh olympus finance with the on token so there seems to be a bunch of these kind of like you know going up in value people getting really excited about them and it's just funny because it's like it feels like gen 1 d5 is apparently now boomer d5 which is just hilarious to me that you know it's not even that old right and it's still like it's not like these gen 1 protocols are sitting on their laurels doing nothing they're still making lots of different um updates releasing lots of different things for their products so it's just funny how that's kind of like happening there but again that's more stuff for people to look forward to and then the nft space of course and you know even beyond kind of like the next couple years you have so much other
stuff coming to ethereum and stuff that we can't even think of right now so this is just like super exciting for me of course and it's super exciting for the ethereum community because this has been a super super long time coming if you really wanted to you could stretch the development of uh kind of i guess like the merge or the event of the merge all the way back to late 2013 when vitalik first published the ethereum white paper i kind of like announced ethereum um i i think it was at bitcoin miami actually one of the bitcoin events uh he i'm pretty sure he was talking about proof of stake as early as then so the fact that like the merge will officially get ethereum as as kind of like a network to proof of stake and proof of stake only because right now
obviously over the two networks um going so running side by side that is a lot of like by the time it goes live 2022 say q2 that would have been you know eight years or something like that probably more than that actually maybe nine years oh no no it'd be about eight eight in a little bit of a bit years from when vitalik started talking about it you know ethereum being full proof of stake to when it happened and you know you might think like oh wow it took so long like that's bearish i don't think so at all i think what ended up happening was that previous take you know has existed for quite a while i i think peercoin was the first one to do it but there's been a lot of issues with people's stake over the years you had the nothing at stake problem you had the
long-range attack problem uh you know you had they had to come up with slashing for that then you have the fork choice rule like how do you um how does the network decide which kind of like fork to follow if there's a fork in in the network and stuff like that and slashing and all and kind of like all these different mechanisms came into it with ethereum's um casper design so casper the friendly financiality gadget is ethereum's proof of stake uh fork choice rule um but from there you also have the development that needed to happen you needed the test nets to go live you needed people to be very confident that this thing that was going to hold billions of dollars of value and then once the merge goes through secure like trillions of dollars of value each year uh it needs to be right it needs to
be correct so that's why it took so long to get to this point and at the same time it's a matter of kind of like human resources as well like think about how many people were working on ethereum back then compared to now it was barely anyone now you have thousands tens of thousands of people working on this sort of stuff and even if they're not working directly on the on the core development side they're still working within it they're doing research for it they're publishing research papers they're publishing blog posts education around around it there's funding for it too so you know you can't just kind of look back and say oh well it's taking a long time yes and think that's bearish yes it's taken quite a while but i would actually say that it's happening much faster than i thought it would to be honest like i
thought uh the you know thing i mean especially around um around sharding like i actually think sharding could be delivered as early as like late next year early 2023 i thought shouting was gonna probably take longer than that uh and you know the layer two is obviously coming online i spoke about the other day how stark we're bringing stark net to mainnet in november is like way quicker than anyone even anticipated and it seems like the starkwear team has a point to proof here because people were like oh it's going to take you years to get there um you know we're bearish on it in the short term whereas stark was just like no it's not going to take us years to get there we're going to do it very very soon and they're doing it much sooner than anyone ever like anyone predicted which is which is pretty
awesome as well so just so many things to look forward to i'm pumped i'm pumped as hell lately really i mean i'm not just pumped because of crypto stuff i'm also pumped because i finally um got i got double vaccinated uh after waiting so long because australia's rollout has just been atrocious of the vaccines but also like lockdowns are ending soon for me as well so i get to actually go out and you know experience the bit of sunshine for for a bit um but but you know i'm just excited in general that like this is all happening you know stuff in real life's happening and i get to travel again and i haven't you know i haven't traveled since uh february of 2020 and the funny thing is is that by the time i get to travel again it's probably going to be going to
8th denver in february next year and that's the last conference i went to in 2020 so it'll be like two years since i went and it's just funny how it'll be a little reunion there but yeah i'm planning to travel a lot next year so i'll keep you guys updated on that too because we can probably do um meetups depending on where we go uh and i really do want to do like a melbourne based meetup once lockdown ends as well with all the australian peeps that listen to this i know there's a fair few of us especially on the discord channel um definitely want to kind of just go get a drink or something and talk ethereum that'd be really cool but anyway i'm going off a little bit tangent there um sigma prime put together a tweet thread about the merge as well and kind of like
the event that happened last week the merging drop-ability event so you can go read this to get more context around it i mean it was pretty cool there's links and screenshots and all that good stuff it's basically a summary so definitely go check that out uh proto lambda has built a experimental block explorer uh fork for um uh for for the merge here so you can check this out i mean you can see the screenshot here it's pretty cool to see that these tools are already kind of like um uh kind of being published and happening uh and then finally ben edgington also put together his latest what's new in e2 update which covers uh uh things like altair which is going live soon on the eth2 network or the beacon chain network if you haven't updated your nodes yet or your clients or your validators whatever you want to
call them definitely update them and again if you're in the capacity to do so switch to a minority client so if you're running prism switch to something else to improve um network health is probably the perfect time to do it when there's a major network upgrade coming along he also talked about rocketpool's delay which i mentioned last week and also the merge as well because he was at the merge workshop i believe so he's got links to like so many so much stuff here as well so definitely go give this a read it links in the youtube description and finally eighth global is going to be hosting an eth online finale plus merge scalability summit on friday october 15th so you'll be able to catch talks from marius vendi wijn i don't know how do you say your last name widen i think that jay might
be silent there um sorry if i got that wrong and vitalik and vitalik of course and and celebrate as they announced the final list from over 1100 hackers that have participated in the eighth online hackathon i'm gonna be judging this this week actually so i'm always really excited about uh seeing what people have built but this should be cool to tune into on on friday as well but anyway that's enough about the merge super exciting stuff happening of course uh and really really just great to see the progress being made there and i mentioned before 500 000 each has now been burned half a million each like it just keeps going guys like i mean right now i think it's like 8 000 ether day being burned which is crazy i mean if i look over at my little ipad here it's 5.28 per minute right now just
being burned crazy amount i mean just to contextualize that a bit 5.28 so 5 8 times what it's 3 600 right now head mouth let's just say it's 20k a minute being burned of like that's crazy amounts of money being burned uh and you know this is just the beginning i mean we also have obviously the merge bringing with it that uh supply shock with a 90 reduction in issuance and stuff like that uh but yeah i mean the fact that we've already burned so much and it's been 66 days i believe since 1559 went live so not very long annualized this is like millions of eats being burned and the funny thing is it's not just like obviously one five five nine brought in the ether but it's not just that that people are excited about it's also the fact that i mean i haven't
had to speed up a transaction in a long time when i'm doing um transactions on ethereum now which is so awesome like i can just put the transaction through and it goes through no worries uh you know most of the time like obviously there'll be some periods of time i think five to ten percent of the time where uh you might have to speed up the transaction or you might have to wait a little bit for it to go through in a block but most of the time mine seem to be going through really well and i talked about last week how coinbase published a blog post that said that actually saved i think about nine percent maybe something like seven to nine percent on gas fees thanks to one five five nine which is which is incredible as well and they've burned a healthy chunk of eat by doing that as
well so yeah super exciting that 500 000 eats has been burned in such a short amount of time and i'm sure you know we'll be seeing much more of this as as time goes on here all right so more talk about the monolithic versus modular blockchains i think i'm going to keep beating this drum so just a fair warning here i'm going to be talking about this a lot on the refuel and on twitter for the next probably a few months at least because i really think that more people need to kind of like clue into what's happening here and i'm already i'm i think at this point probably less than a thousand people actually know what's going on uh and most of those people are probably the developers and researchers that have been working on this for quite a while in terms of community members i
would say refuel listeners and watchers are the most clued in people when it comes to this sort of stuff because i've been talking about it recently but you know don't don't fret if you're not kind of like sure exactly what this is and kind of like what this is about and how this is all going to play out i'm not going to claim that i know how this is going to play out i'm just placing one of the biggest bets that i've placed in my time in this ecosystem my biggest bet was was buying a lot of eighth in 2019 when it was really really not cool to do so but my next biggest bet is bet he is basically placing bets on the modular blockchain error so i mean this tweet i put out where i said the monolithic blockchain era was from 2016 to 2021.
now what i mean by a monolithic blockchain is a blockchain that tries to do everything at layer one and we've seen plenty of these come out over the years right like ethereum was one until recently and technically i mean it still is kind of like one until sharing is in place where sharding actually gets us to the proper kind of like modular paradigm there um but all the other l1s pretty much are monolithic blockchains they can pivot to being modular if they want but right now they're monolithic um and you know i don't think bitcoin is i think bitcoin can be considered modular it doesn't try to do i mean it doesn't try to do anything at layer one it's pushing everything off chain right everything to uh whether it be a side chain or like the lightning network it's not doing anything at layer one uh which
i think to be honest like i actually don't think bitcoin is the best design i think ethereum is the best design because i think you should be able to do some stuff at layer one still especially uh verifying proofs and storing core data but uh they're just taking a different kind of like approach there which is fine uh and then i said like then the modular blockchain error is 20 21 plus like from here on out i just don't believe we're going to be seeing um any new l1 spin up and if they do spin up they're going to be very kind of like uh uh a very small l ones they're not going to be anything serious uh and then you know i go on to say in the tweet we are quite literally witnessing a paradigm shift in blockchain architecture that will change this
ecosystem forever and i've mentioned plenty of times on the refuel that we're going to be seeing l2 spin up instead of l1 because really logically think think about it for a second just to just add more context here because it's always good to think about it from first principles if you're a developer or if you're kind of like a team and you're you want to start like a new platform you want to have like people building on you you think you can do it better than anyone anyone else traditionally you would have launched a layer one blockchain and that would have been fine you get some investors you you know you have a token you set up like a a bunch of like staking infrastructure all that kind of stuff you go you build out a community whatever but like pretty much all the other layer ones are so far behind
ethereum it's not even funny i'm not even just talking about adoption i'm talking about security and decentralizations none of them even come close like besides bitcoin but like excluding bitcoin we won't even mention bitcoin in this discussion none of the other smart contract chains come close to ethereum in that regard so if you're if you're wanting to launch one of these new chains what do you do do you pick a layer one which is much harder to bootstrap um because you have to kind of like get your own security you have to get your own consensus you have to get your own kind of like data availability and all that sort of stuff or do you do you kind of think to yourself well i can just outsource all of that to ethereum i'll just build this l2 thing um i can do whatever i want off chain
with this l2 i can do anything i want the execution layer i can have any smart contract sorry any programming language i want i can have any virtual machine i want i'm not limited by ethereum anymore but i still inherit all the ethereum security and to an extent it's decentralization as well so to me the logical conclusion is just to launch a layer 2. it is much easier it is a much it has much less resistance than launching your own layer one you inherit ethereum's security and network effect you inherit ethereum's community and all you have to do is pay to put your proofs on the ethereum main chain and you don't have to pay for it yourself if your layer 2 is actually that good people are going to come and use it they're going to pay to use it and aggregate you generate fear revenue
which then you use to pay for layer 1 security so that's kind of like how i see this world playing out and that's where i'm placing all of my bets literally i have not been this bullish about something in a very long time since since 8th basically um and i have not been putting uh you know as much money into something as i have into this like i didn't even put this much money and time into d5 or into nfts i'm putting as much as i can into this sort of stuff and maybe some of you are wondering like how do you bet on this well i mean i mean buying eighth is one way and of course this is an investment advice but there's obviously buying ether and there's kind of like investing in the infrastructure building around the modular blockchain era that being bridges because it's obviously
gonna be we're gonna need bridges in this era uh layer twos i know a lot of them don't have tokens i've been through this before i'm not gonna rehash it there but you know that's that's kind of like another play um and on top of that also you can kind of like farm air drops too if you want like i know there was a lot of controversy around air drops over the weekend about the ribbon finance airdrop that insiders were basically farming it um and basically they had information ahead of time that they uh that there was going to be an airdrop and they farmed it all and there was a you know so much drama around it and if you listen to my ama i think it was like not last ama maybe the ama before i did warn you guys that this sort of stuff is very prevalent within
the crypto industry there is insider trading dealings stuff going on everywhere so i wasn't even surprised when i saw us i was like yeah i mean i know this this happens everywhere all the time and people are taking advantage of it because why wouldn't they this this stuff isn't regulated the sec can't actually go after these people because it's not technically insider trading because these things aren't securities right so um it was just public shaming from the community and you know i obviously don't agree with what the the people did when they found this sort of stuff but um you know again that's a tangent there you can take advantage of this sort of stuff like just assume everything's going to have an airdrop and use the products don't try to game it by kind of like creating a you know lots and lots of different
accounts and then expecting a massive airdrop you can i mean you can try to do that but i think at this point in time a lot of teams are going to be uh kind of like um cautious of that and they're going to have different ways to kind of weed those people out so it may just you it may just end up with you wasting money on gas fees to do this or wasting your time but you can go and do it if you want but i guess that's just another way to get exposure to these sorts of things and then really i mean it's funny because like i don't hold any other layer one tokens and i don't plan to in ever really i don't plan to to buy any of them i don't plan to speculate on any of them but i can see over the next few years
the market may be rising up to the fact that these kind of like if if modular blockchains become like a strong narrative you know rising up to the fact that this is the path forward maybe there's a lot of value or a lot of kind of like money that flows into uh these layer one networks that pivot to be modular blockchains so i already know of a few of them um again i would never buy these tokens i would never tell anyone to buy these tokens and i and and generally i just don't think they're good investments but uh there's there's a bunch of them out there right now that are pivoting to this or at least um realizing that like the mo the modular blockchain or the roll-up centric roadmap is the best path forward but again i know you know it's hard to bet
on these things uh but there are ways to do so and you know there's gonna be more ways in the future to do it as well i'm sure uh you know i mean again we're still so early with this sort of stuff i expect the winning l2s to be 100 billion dollar plus networks i expect each to be a 10 trillion dollar network so i mean even if you just buy eth you there's still a 10 trillion dollar network that's more than a 20x from here i mean like come on like i mean you know a 20x is is amazing and if for something like 8 which i consider to be the safest thing you can buy right now um you know along with btc so yeah from that perspective uh you know if you're finding it hard to kind of like pick and choose winners then i don't know i just
buy eight but like again that's not investment advice but you guys know i buy eighth all the time so i don't i don't hide that but um yeah anyway there's another thing that i wanted to talk about uh that was from polly now that relates to this but before i do that if you want a full breakdown of kind of like the modular blockchain stuff i did i did a live stream with with david hoffman at bankless um the other day we actually didn't plan to talk about modular stuff the whole time but we did we ended up talking about it for most of it uh and we talked not just about kind of like the modular blockchain error but how ethereum fits into it and how kind of like theorem culture fits into it and how this is what we've been working towards for quite a while so go watch
this it's on youtube and it's also in podcast format as well the bankless podcast i'm sure a lot of you have already watched to listen to it but i highly recommend doing so because of the fact that uh it goes into much more detail about this sort of stuff all right i told you guys i had another tweet from polly now to go through uh we're continuing our streak of featuring polynomial every single refuel but anyway they said the difference between monolithic and modular blockchains is greater than the difference between 90s era 56k dial up and gigabit fiber except you don't have to wait decades it's happening right now and will accelerate over the coming years not decades 1 million x uh scalability 1 million times scalability in less than 10 years so 90's era 56k dial-up is is what ethereum
layer 1 is today it is super slow super expensive does not scale to the world a lot of people complain about it even though they're using it right they're complaining about it because of all the aforementioned stuff now broadband would be something like uh kind of like a step up from that and i would say broadband might be optimistic roll ups where they're limited in scalability compared to something like zk roll ups but they're kind of like an interim solution right a short to medium term term solution i think that they're going to be around for a while and i think that they can actually improve themselves and get to a point where they're not equivalent to probably not equivalent to zk roll ups but um you know uh good enough right and can offer things that the zk roll ups can't at least in the short to medium
term uh but the gigabit fiber is those zk roll ups that can basically scale to you know millions of tps eventually as uh as kind of like paulina has um has kind of gone through before you know by 2030 getting to 15 million tps on chain with zk roll ups and then you have validiums and volitions that you throw into the mix that get you even more tps at the cost of some security of course so again people need to realize how big of a jump this is in blockchain architecture i don't know how many times i can say it that i haven't been excited this excited about something since i first discovered ethereum uh not many things get me going like this really i mean i can't remember a time i've been this excited that's why i put out plenty of tweets lately just trying to hammer
home this i know you're probably gonna get sick of me saying this but i really just want you guys to to kind of like take this in and realize what's going on here because i mean one of my goals with the daily grades to keep you on the forefront of not just you know what's happening within i guess the ethereum ecosystem day to day but the larger kind of macro trends and how they're all going to play into things over the next few years because i want to to be honest i want to be able to look back on these videos in a few years and kind of like think to myself wow you know i was able to kind of like get this right and i was able to share this information with other people who were able to take advantage of this information and also
improve themselves whether that be socially you know financially whether they got involved with this sort of stuff and kind of um you know built it out that's kind of like one of my main goals with the daily way so uh again like paulina of course is the pioneer here they're the one that brought it to my attention first uh and i've just been enamored by the you know the stuff they've put out around this and just trying to like you know pause it myself and then pass it on to to you guys so that you guys can kind of um i guess uh absorb it too but anyway i'm gonna end that sort of stuff there there's a few other updates to get through before today's episode wraps up uh so polygon i missed this the other day uh on the polygon pos chain you can now swap uh
any uh i i think it's any token or kind of like some tokens for matic without having matic first so this is kind of like gasless swapping on the polygon pos chain now i've run into this problem before when i've run out of matic tokens when on when i've been doing stuff on the pos chain and i had to basically go to a centralized exchange or go to my wallet on ethereum and then bridge across matic tokens again and it's expensive bridging from ethereum and then from a centralized exchange it can be expensive too depending on how they charge you for fees so now you can basically go here and you could swap i think they're currently supporting eth dial usdt gaslessly formatic tokens so that you can basically get somatic and go do whatever you want on the polygon pos chain this is really really cool i
really enjoy this obviously i would probably prefer if the pos chain just used ether as the native gas token but uh it doesn't right now and this is just like kind of the next best thing uh so yeah for any of those who use the pos chain uh this is a really nifty tool it'll be linked in the youtube description you can go check it out uh speaking of gas there's a lot of people who asked me questions about this and wanted me to cover this i i spoke to the polygon team and they put out this thread because i said to them hey there's a lot of concerns around um this this recent change i you know i'd love to be able to answer these questions for my community but essentially what the change was was that uh the uh polygon pos chain clients uh were recommended to
kind of like update their minimum gas price setting to 30 gray so that was i think 30x the the minimum before this is an optional change but i want to make that clear this was not put into the core protocol itself this was a client level change where the clients you know the validators could decide to do this or not there are validators that could take cheaper fees if they wanted to but uh you know the recommended setting was to to combat spam was to basically have it at 30 gray now at 30 grey this is grey in in matic price this is not gray in eighth price so 30 grey with matic at what a dollar 30 i think right now um is is still much less than if it was 30 way with with each like in dollar terms of course because the matic
prices is is obviously you know much much lower than the eighth price uh so i just wanted to make it clear this was only a client-side thing this is not putting to the core protocol itself um but this is why it was done i mean to combat spam as well because i don't know about you guys but i have so much crappy nfts being sent to my polygon addresses it's kind of annoying and there's a lot of this spam going on because transactions are really cheap uh and you know people are just like doing and you know the funny thing is like gas fees are actually a way to to have like civil resistance where it basically uh prevents people from spamming the network because it's too expensive to do so but on these cheaper networks it becomes much harder to do to do that so
this is why this this change was put in place so you know i just wanted to kind of like shout that out there was also a few people asking about this and of course you can kind of like uh read this this full thread in this in this forum post it'll be linked in the youtube description for you to check out all right so alchemics i haven't spoken about alcanex in a little while but they had a major update over the weekend where they posted their roadmap so their roadmap is pretty cool i i really like it so basically uh they're they're they get kind of kind of um launching alchemix v2 soon and they kind of go into detail about what's happening there they also go into the detail about how they're going to decentralize the alchemics dow what comes in the v2 modules as well as their kind of
multi-chain approach so what are the chains they're going to be kind of like deploying to which is essentially all evm compatible chains you can see arbitrim here the polygon post chain and some other ones as well uh like like phantom and avalanche and stuff like that i'm sure optimism will be on there too when they when they can do optimism as i mentioned before alchemix has a lot of dependencies so they can't exactly launch on networks that don't have the supporting infrastructure like curve and yearn for example and they also have new synthetic products coming out like al btc and a bunch of others that they haven't kind of like um revealed yet so if you want to get the full details of all what's all that's going on uh definitely check out this kind of blog post it goes into uh more detail than i will
on the refuel but it's great to see alchemics pushing out this road map kind of like update because they've been a little bit quiet i think i've just been heads down building for for a little while here and the fact that they're going kind of like multi-chain and going to cheaper chains and layer twos is really really um important for them because i think you know they they definitely want to appeal to the smaller user as well and give the small user a kind of like a way to essentially just take those self-replaying loans which is the main draw of alchemics but right now a lot of that is you know a lot of those users are priced out of ethereum layer one but because alchemics has so many dependencies it's hard for them to move to different chains without um kind of like the other projects moving there
first so yeah they're going to just be slower than other projects are to to go you know down this multi-chain path here but anyway i think 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 that video a thumbs up subscribe to the newsletter join the discord channel and i'll catch you all tomorrow thanks everyone