Merge milestones, Argent L2 soon and more - The Daily Gwei Refuel #225 - Ethereum Updates

Transcript

hello everyone and welcome to another episode of the daily way refuel where recap the latest news in ethereum ecosystem i'm your host anthony sosano and today's the 7th of october 2021 all right everyone let's get into it so um over the last i guess like few days i've been seeing a bunch of people kind of bring up crypto outside of like the crypto ecosystem and these people are kind of i guess like big names in the web 2 space in like just like the internet space or like the tech space and they're not saying nice things about crypto that's for sure they're calling it a scam they're saying nfts are like a scam and destroying the planet you know all the stuff that we've pretty much heard before and so that's what spurred this tweet today where i basically said it's 2021 and intelligent people are still calling

crypto scam meanwhile those within the crypto ecosystem are going to changing their lives financially and making lifelong friends along the way uh so let's ignore the haters um so it's just it's so bizarre to me that i that these people say these sorts of things because when i think of kind of like you know internet people who work with you know on the internet working tech working kind of like web 2 arena i tend to think of them as kind of people who love technology right they want to see kind of like innovation happen they want to see progress happen and they want to kind of see the world get better through technology and yet the one of the most powerful if not the most powerful technologies of our lifetimes um is kind of like uh being adopted right now it's kind of like being built out and everything like

that it can help a lot of people uh they're just calling it a scam and they're they're saying that it's kind of destroying the planet all this kind of stuff without even any nuance to it like it's just it's just really bizarre to me honestly and you know i've spoken about this before where i basically said that i think you know maybe that maybe a reason why this happens is because the web 2 space is is traditionally pretty centralized and these technologies aim to disrupt that but i don't know if those people actually think that far ahead i think they have like the surface level knowledge or surface level understanding of crypto they look at the ecosystem and what do they see well when you're not inside the ecosystem what you see from the outside is actually not great you see mainstream media headlines about like scams all the

time you see uh headlines about the price going up or down you don't see mainstream ever talking about anything fundamentally uh fundamental when it comes to the tech like you you rarely get a piece on like d5 like and d5 is kind of like old news to us in crypto now right like it's been around for a while we're all like okay what's the next thing and then of course you'll see coverage of nfts and things like that but then the prevailing narrative outside of the crypto bubble is that nfts are destroying the planet you know it's all gonna it's gonna basically it's sorry it's a giant scam all these sorts of stuff going on you know people can just right click save your work so why would you pay money for it and it's just yeah it's totally bizarre to me but i think over time these people will

either come around or they'll just be forced to adopt these sorts of things because the the march of technology doesn't stop for people like this you know you know i think back to how many people thought that the internet was going to be a passing fad or that they'd never use it or they thought it was a scam or they thought it was only good for one thing and then eventually it gets to a point where they're like well i you know i have to use it now society has moved on without me if i don't use it then i can't you know live in a modern society and the the clearest example of this is something like smartphones where i think with smartphones i don't i'm not sure how many people actually thought it was a scam or anything like that but you know smartphones tablets things like

that they for the late adopters the people who who kind of like came to adopt them last were typically like the elderly people right they're always pretty much last adopting technologies uh just just just just as the way it is at the end of the day i'm not all of them but like as a kind of cohort it's generally how it plays out so you know i used to work at telecommunications company before i worked in cybersecurity at a telecommunications company i worked in the kind of like the retail storefront and i actually worked as kind of like tech support and i can't tell you the amount of people that were coming in that were kind of like elderly and had all these like really really basic problems with the technology and you could see that they were like super frustrated with it where just even the

basic things like why does it have to be so hard i hate this i hate you know i wish i could just do it this way and they'd ramble on about some old way they used to do things so you know people just you know a lot a lot of people just generally don't like change they think that uh any any kind of change is scary and anything that they understand must be a scam or just must be something bad i think that's that's exactly what we're seeing play out within the crypto ecosystem and to be honest i don't blame some of these people sometimes if all they're exposed to is the bad bits of crypto but at the same time i do blame them for just taking that at face value and being like okay well uh i haven't actually done you know they kind of like

exist in a space where they haven't actually done their own research on this sort of stuff they're forming opinions based on essentially what the mainstream media is telling them to form opinions based on uh and it just becomes very divisive from there so i think over time we'll get the skeptics over the line as we produce more and more value and we kind of drown out the scams because people bring this up all the time oh crypto's full of scams i'm like what the bloody world is full of scams what are you talking about everything is full of scams like even the things that you think are honest to full of scams banks scam customers all the time big mega corporations scam customers all the time they do it in a different way they do it in kind of a way that's that's legal right like um sometimes illegal but they

know they can get away with that but essentially you you know anything that can be used for good can also be used for bad at the end of the day and and ethereum or crypto more generally i mean pretty much i think i can use ethereum as the perfect example here is a neutral platform and it's permissionless anyone can build anything they want on there no one can control that no one can stop it that is just the trade-off of having a neutral and permissionless and decentralized platform to build on it's kind of like the um the kind of debate around weapons like guns and and swords and knives and things like that people like oh you know you know i'm not advocating uh for any kind of view here but people are like oh okay well you know we need to ban this thing or ban that thing because it could

be used for bad or we need to hold kind of like the people that are selling these things responsible for the way people use them and it's like that's that's not fair like any tool can be used for violence i mean you could go to you could um use like a a hammer to kill someone right should we ban hammers right should we regulate hammers should we um should we basically uh uh say that or anyone who sells a hammer or any hardware store neat uh you know they can be criminally charged for the way people use the tool no uh and you know we don't attribute kind of like the fact that people uh use these tools for for bad to the people who sell them for example just as an example there and it's kind of like uh related to ethereum where you shouldn't attribute what people use

ethereum for to ethereum and to the rest of the ecosystem you shouldn't generalize because the fact of the matter is is that ethereum isn't going to discriminate on what gets built on there it's not going to favor one thing over the other and and people are just going to do whatever they want to do on there a lot of the scams are basically ponzis or money grabs or things that people kind of like ape into it because they want to make money and all that sort of stuff and you know that stuff personally doesn't doesn't interest me at all like i don't really like cover that stuff i don't chase that stuff i don't i don't play in that arena but a lot of people want to do that and to me it's just basically gambling but i mean okay well if you think that that within

crypto if you think that side is like the dark side of crypto and like shitty well then you should have the same opinion about casinos and you should have the same opinion about anything that involves kind of like uh gambling at the end of the day so i don't know i just feel these people just really don't get it and i think they will over time i mean one of the reasons why i do what i do with with education is because i want to help more people get it i want to help people on board but there's going to be a probably a large cohort of people that will fight until the very end until it's kind of like forced upon them and the hilarious thing is a lot of them are actually going to use crypto without even realizing it because um you know

once d5 infrastructure becomes ubiquitous across the world's financial system people won't even know they they have no idea what they're using and they'll no they won't even know it's related to crypto uh which i find quite hilarious and even on that note i find it even funnier that when the layer twos roll out on ethereum the ethereum haters are not even going to realize they're using ethereum because they're just going to use the layer 2 and they're not going to realize it's built on ethereum so just funny how those kind of things work out the surface level complaints people just going giving these throwaway kind of opinions about things about you know specifically about crypto being a scam or whatever it's income inconsequential but i did want to kind of like just give my thoughts there because i thought it was important to give some context around you know this

tweet and also just how i'm thinking about this more generally all right another tweet that i came across today was one from mariano conte here and basically it's a very simple tweet he said the howie test 1946 which was kind of like instantiated in 1946 is closer to the invention of the stapler 1877 than of ethereum mainnet which was uh 2015. now the reason why i think this is topical and funny at the same time is it's topical because of the fact that uh everyone's talking about the sec and securities laws and all these sorts of stuff and the howie test is kind of like that uh that thing that gets used to judge if something is a security or not and if you don't know what that is you can google it um but and and you know on top of that it's just hilarious to me that we're actually

judging these things 80 or 80 years later or something like that almost 80 years later based on something that from 1946 the incident wasn't around then computers weren't around then like maybe they were in their very limited form like no one i mean it was just like in research labs it wasn't anything serious but essentially i mean that was kind of like after world war ii the industrial revolution was just getting getting started within that as well so we're using this thing that basically existed in a society that is just completely different to what it is today uh and it was it was completely different on the technology side as well so this is why i mean this is why i've kind of like said before that i think that we need an updated test for for different assets within crypto because crypto assets are very very different to

uh to kind of like just normal kind of equities or bonds or stocks or whatever you want to call them uh within crypto assets like things can be classified as a security but also be a commodity at the same time also be i mean i know there's things such as commodity securities and stuff like that but i mean then there's like lines between them and the lines get even more blurred and it's like okay well can an nft be security just because it pays out dividends or just pays out royalties or whatever so we really need like an updated kind of like i guess legislation around this and there is some movement i think in the us around this where the congress people are trying to basically get the law change or at least new legislation put in so that we can stop relying on this howie test because at

the end of the day the sec doesn't legislate anything they can only follow the guidance or i guess like the and they can only do enforcement actions based on the existing legislation which is put together by congress and this is in the u.s context of course so if congress doesn't do anything the sec can keep doing this and you know they they can obviously keep going after different companies and different kind of like people and assets and stuff like that they don't have to do what they're doing i think you know i've discussed this before i think gary gensler is being way too aggressive in his approach here and i think that he's going after the wrong sets of actors but um you know if this howie test wasn't uh was updated to to kind of like modern times and if we had a proper crypto regulatory framework

then uh the gary ganza wouldn't be able to do this sorts of stuff uh he'd probably try something else or the sec generally maybe not just him we'll try something else but at least it would be fro in kind of like an updated framework because you know if we're using a test that's closer to the invention of the stapler and then the ethereum main net maybe maybe it's kind of like time to rethink this here so yeah just something interesting that uh mariano put out today and i just kind of wanted to give some extra color too all right so and uh i guess more merge updates so a tweet here from said um where basically they say how it started and how it's going this is basically the merge milestone tracker so each one of these m's is like milestone one

milestone two milestone three milestone four milestone five of course uh and then you can see like at the start it was basically very uh kind of very basic where it basically checks off which clients have uh completed which milestone and then you can see here we're at milestone three so far and and milestone four and five obviously uh are coming soon but each of these milestones is more advanced than the last i don't know if i have the link handy here it is here it is good good i have the link handy um so essentially the way these kind of like milestones attract is that you can see here uh you know as i said they get more complex as time goes on like milestone two which oh sorry milestone three which is the one that was just completed was a one-to-one interop with transition

so one uh el execution layer client such as geth and one consensus layer or cl team pair off for full interrupt testing and they perform the following with at least two separate teams run one-to-one devnet with transitions uh so the transition i guess from like uh i i guess doing the merge essentially going from proof of work to a mistake and uh record teams interrupt with uh alongside in milestone table eg nethermine best okay yeah so basically what other clients kind of came along for the ride essentially now when things get really interesting is is m4 and m5 so with m4 they're going to be doing a many-to-many interop between um two or more i uh e1 clients and two or two or more uh e2 clients uh and running

many to many devnet with the transition and then m5 is basically the holy grail here this is the all to all persistent devnet so every uh every or at least like the majority or the core uh one client and the core e2 clients should also uh should all be um able to kind of like do the merge together stay in sync with each other and talk to each other and do this on a kind of like persistent long-lived devnet now i've been talking about this on the refill a lot lately about the devnets and then we'll have like long-lived test nets uh this is coming faster than i thought to be honest like the fact that they're already at this kind of point and everything seems to be going really smoothly it's really awesome i mean i think we can probably have a test net up

and running maybe by the end of the month or next or next month i mean you know next month november of course uh but this is yeah this is happening much faster than i thought it would i think the teams are extremely energized right now everyone that i've kind of like uh spoken to i guess that's part of that clique especially trent van epps who who's kind of like part of um uh part of kind of like this event this interoperability event that's going on right now with the core devs he's very enthused about this and a few community members that are that are close to to people here are also very enthused about this so you know so am i i mean you saw the other day on on the refuel where i was just like super bullish and super excited about everything it's because you know every once in a

while the ethereum community or at least the hardcore ethereum community the ones that kind of track this every single day we get reinvigorated when we see something like this happening and as i've said in the past this is only hap as i said before this has only happened a few times in the last few years it's a rare occasion it is not something that happens uh frequently and i i think for me personally it was definitely um when the i guess like these two teams got together to do the interoperability events uh to launch the beacon chain that felt like a big turning point and then it was of course the beacon train going live um and kind of like reaching the minimum eighth required to launch the beacon chain too so those kind of events uh but then also like even outside of the eth

core dev stuff uh uh i mean one five five nine was one of those events too of course but uh defy summer that was kind of like a turning point as well that was like okay well holy we just built all this stuff during the bear market and now it's actually going to get used and now d fires everywhere and everyone's talking about it uh and then you know i personally i didn't really feel it with nfts because nft's feels like very far removed from what i guess a lot of us were paying attention to i mean i kind of called last year that i thought nfcs were going to be big but even i missed how big that that would get and how many new people they would bring in but uh until until later i mean i i didn't miss it completely i'm pretty

sure i wrote about it in late 2020 and talked about it on the on the refuel and stuff like that but in terms of i guess like getting that same feeling it just wasn't the same i seem to i seem to get it around like the core uh the core stuff like the core themes um and d5 on the app play is probably the only one that i've gotten it about otherwise it's being like the layer one core stuff and obviously layer twos as well i mean you've seen how excited i've been over layer twos for the past couple months especially the other day when starkware announced that they're going live with their alpha version of starknet on may in november like those sorts of things they just they're just rare to happen because they take so much work to get to that point like this is

years and years of work to get to this point the merge specifically obviously require the common combinative work of like the beacon chain going live which is the combination of many many years of work uh for ethereum proof of stake and ethereum 2.0 uh and obviously all the work that the eth1 or execution layer teams have done over the years to get their clients uh to basically be where they are today and then all the work that's going into the merge now and has been over the last few months at least and until we actually get it done uh there's just so much work that's going into this so that's why it's kind of a rare occasion whenever people get like really excited about these sorts of things so yeah i'll link this in the youtube description you can go check this out and gonna kind

of keep along with the milestones here it seems like everything's just gone very very smoothly so i'm expecting milestone four and five to go smoothly as well but even if they don't i mean this is just devnets they can keep spinning them up spinning them down they can do whatever they can reset this is not mainnet it's not gonna be made in it for a while of course it's not even a test net this is just like a devnet where it's basically a sandbox do whatever you want make sure things are working and then move on to the test net so definitely gonna be paying close attention to that uh and just a couple more merge tweets here which i'll link in the youtube for you to see as well another one from jazek who's tracking uh you know saying merge event day four nimbus and geth

synced up with the hacknet v2 here emerge test net running geth and lighthouse along with several other client combinations multi-multi is within reach so he's basically saying that the m4 is within reach right which is the multi to multi in trouble many to many interop and then another one from mara kia says net merge nether mind and merge mark the merge market is amazing tool to test the merge so they've basically got a really cool tool to test all the stuff going on with the merge which which is awesome to see for developers there i think that's it for the merge yes i have another fresh treat from paulina to go over today uh as usual right i swear i'm not doing this just so i have polynomial on every refuel and some people said i'll probably know as my alt account i wish i

wish i was this smart guys like trust me but i'm learning so much from from polly now so i'm just going to go over what they said today in this tweet um it was more about like the kind of like modular blockchain architecture and they said monolithic blockchains are crippled by moore's law and will only grow 64x over the coming decade modular architectures will grow by 1 million x at the same time only where the blockchain industry attains global scale eg by 2030 15 million tps with zk roll ups on ethereum alone with zk roll ups not validium volitions guys zk roll ups like fully ethereum secured with data on chain like uh you know you can probably get to 15 million tps or something with a valydium or a volition much sooner than that because you're basically putting the

data off chain but uh you know i guess like by 2030 which is nine years from less than nine years or eight years or whatever you get the 15 million tps now the monolithic block chains that paulina talks about i mean the perfect example is solana right if you could only grow by 64x even if you track moore's law which i actually think moore's law has like extreme diminishing returns and will continue to have diminishing returns and for those who don't know what more moore's law is it's basically this kind of like uh theory that every two years the transistors on uh i think like processing units or kind of like cpus uh and gpus and things like that doubles so that we have like uh better computing power and and kind of like more efficient kind of like um hardware but that's been slowing down

over the last few years it was true for a while don't get me wrong i think it was true for i think 20 years or something like that some really long period of time but it's been slowing down considerably because we're reaching the physical limits of how many of these things we can fit on a chip like transistors that we can fit on a chip so from that perspective you know if it only grows 64x from here that's nowhere near enough like that is definitely uh not enough scalability to scale to the world and i would argue that something like 15 million tps probably isn't either but this is only 15 million tps with zk roll ups and this is also assuming that we don't come up with even better ways to scale through these technologies over the next eight years which we most certainly will

and i'm not even just talking about the software side of things i'm talking about hardware as well because if we can create better hardware and and hardware that actually um runs these things off chain runs these l2s in a much better and much more efficient way in a much faster way then we can potentially get to hundreds of millions of tps from that and i've said to you guys one day i think we're going to get to billions of transactions per second which is more than enough i think at that point billions of transactions per second to to kind of like satiate the demand that there will be but this is just on layer one ethereum with zkrs like this is a full ethereum security this isn't even talking about volidiums or volitions or any of the other kind of stuff that we come up with

over the years so it's kind of like not focusing on the monolithic blockchain architecture focusing on the modular architecture is a way to future proof yourself as well so i think that's really important to consider there and paulie now followed up this tweet by saying i just used this example because the broader ethereum ecosystem is the pioneer in this paradigm shattering revolution but it equally applies to all blockchain networks that have a focus on high security and decentralization all monolithic blockchain blockchains must adapt immediately um and you know i've talked about this before where i basically said there's only two chains right now that are secure enough and decentralized enough to do this kind of architecture that is bitcoin and ethereum bitcoin's out because it can't verify uh the um stocks and it can't uh

host kind of call data or can't have core data on it on the chain uh ethereum is the only one right now that can do this uh i mean sorry there are other channels that can do this but ethereum is the only one that is the most decentralized and secure by far like nothing even comes close to ethereum and you know on the decentralization note as well i actually i was going to put a tweet out about this but i may as well just talk about it on the refuel uh people seem to think that decentralization is only on the technical side and can be boiled down to just oh how many validators a network has or how many kind of like uh miners does the network have all stakers or you know how distributed is the stake in the mining power and all this sorts of stuff

it's two things it's technical decentralization and it's social decentralization the other blockchains maybe they've got technical decentralization to an extent maybe some of them do the social decentralization they don't simple as that social decentralization is a million times harder to achieve than technical decentralization and they actually go hand in hand with each other to be honest because without social decentralization i actually don't believe you can have true technical decentralization because if you have a problem right and you need that social layer to kick in to fix the problem well if you don't have a social layout then the problem just falls to a small group of people to fix it which means that you don't have social decentralization and you know maybe some examples of what social decentralization

is uh i think a good token distribution goes into that a broad set of community members go into that a set of um core developers that aren't just under one umbrella they're not just under one foundation they're actually spread out a set of like app developers that are spread out layer 2 developers like all these kind of like just like distributed and decentralizing the actual people is the most important aspect here uh so yeah i just wanted to make a quick note on that but essentially i mean we're just at the very start of this as i've said before uh paulina has has done a great job changing the narrative i think on twitter i'm seeing much more people talk about this now and they've got a lot more followers now which i'm very pleased with you know there are eight almost eight and a half thousand

followers only i think two weeks ago they're at less than a thousand and i was like this is this is stupid like why have they only got less than a thousand followers like they should even have you know should have as much followers as me like i don't write stuff like this anymore on twitter like this is crazy uh so you know i'm glad to see that but i'm really glad to see more people picking up on this because as as as good as polynei is they're just one person right like we need the whole ecosystem to come together on this and to set the narrative and to basically uh get this out to people in the ecosystem so they understand this because if we don't what's going to happen is that people are going to just keep going down this path of a technology on the layer 1

side and build redundant technology and keep doing it over and over again and they actually might be honest builders who are just trying to build something different and build something uh scalable and good from you know i guess like uh with good intentions maybe they're not doing it just to money grab and they've just gone down the wrong path and their project ends up failing because of that so i'd much rather see them come and like build a layer two on ethereum for example and have a much better chance of success uh for their project than building another layer one out so let's spread it far and wide why guys even if you've only got like a small voice on twitter on reddit or whatever it doesn't matter just put it out there the more people say that that seed kind of this sort of stuff the better it is

and i think just like i'm gonna keep talking about this obviously you're gonna hear me talk about this like for years to come for sure but still good that it's more than just me and polly now talking about it right at the end of the day all right so phalabs has introduced fey v2 now disclaimer here i'm an investor in uh in phae labs here but i did i wanted to point out kind of like fave e2 because it's a huge upgrade to the fae mechanism now for those of you who don't know what uh faye is it's basically this uh a decentralized kind of like algorithmic stable coin that is pegged to a one us dollar sorry excuse me that is pegged to one us dollar and that attempts to kind of like keep its peg through uh um uh something called pcv protocol controlled value but uh you can

read more about that i mean you can check out faye if you want to but essentially what this upgrade fee v2 comes with is uh the the main features are one-to-one redeemability this creates a peg as tight as the best available oracles such as chain link and can scale the meet the demands of the rapidly expanding deficit system algorithmically rebalancing uh balance of v to investment pools now this is my i think my favorite feature um and what this feature does is basically the pcv or the protocol controlled value which is basically um a value in kind of like the dow that is controlled by the tribe token or the tribe uh token holders and kind of through like a a governance voting process but essentially this value is like a bunch of money that can do whatever you know you can do whatever

you want with it and its aim is to basically uh maintain the peg of of fate essentially so what and it's called the pcv for short so the pcv in in this kind of like uh algorithm rebalancing feature automatically adjusts towards stable assets as its reserve ratio lowers and then the risk curve contracts determine the target asset allocation for the current clutterization and gradually shift pull weight so you can see here that over time the assets backing faye will change right depending on uh i kind of like uh i i guess like the reserve ratio being lower or higher so obviously if it's higher you definitely want the less volatile assets in there such as um dye or rye or other kind of like decentralized stable coins and then if

it's uh if it's kind of like lower you you can have more volatile assets in there such as ethan and staked eath and dpi and rv so i think this is really cool because this means that the that fae can be backed by and not just like one set of collateral but can change over time can adapt to to kind of like the volatility can adapt to things like maybe losing its peg and things like that and making and restoring its peg really quickly so i think that it's really cool and it automatically does this via balance of v2's investment pools which i thought was was cool there there's also a tribe token buyback and backstop feature so basically there's going to be continuous tribe buybacks while the protocol is healthy and automatic try backstops to restore the reserve ratio so sort of like how maker does it when they like

print more mkr tokens to i guess cover any shortfalls uh and this staged rollout of fav2 will begin in november so if you want to learn more about this of course you can check out the blog post but that was just i guess like a tldr for you all right so for all the developers out there there is now an rb scan for the rinkeby test net for arbitrary so basically this is like rbscam.io except for the wrinky b test net so if you're a dev and you're deploying to the arbitram uh rinkeby test net to kind of like test your apps out you can now use this uh etherscan like block explorer to kind of like view what you're doing keep keep tabs on what you're doing and kind of like sift through all the activity and stuff like that so yeah really cool to

see this just giving a shout out for the developers so mover network yesterday introduced their first product fun mover um which is uh which they're saying it's uh it's part of the interoperability stack for a multi-chain world so what fun mover does it enables seamless cross-chain bridging so we have another bridge protocol into the fray like there's so many of these things now it's amazing uh but essentially i think that uh i think i'm i'm not sure exactly what they support today i think that they support a bunch of different chains out of the box right now um i didn't actually see it in the announcement uh post but i mean i'm sure if you go to the blog post you'll be able to see what's uh what kind of change they support out of the box i think they support here we go oh i mean i i think they support

arbitrary optimism polygon solana phantom and avalanche and others they say here and you can kind of see how it works uh basically they claim you can kind of go from any chain to any chain which is which is you know pretty obviously a pretty big deal and they kind of give examples here of how that works and everything like that and i i went over the other day kind of like how you can select different routes as well with the the kind of like mover app here and you can kind of like select routes based on speed and gas price and stuff like that it's kind of like if you wanted to uh i kind of like have an express lane versus a um a normal lane the express lane may cost you a bit more but it's obviously going to take less time whereas the normal

lane is going to take more time but cost you less so depending on kind of like your own preference there uh but yeah i think um it's in beta right now obviously i'm just i'm trying to see like which chains are actually supported right now but i guess i'm not sure exactly what i haven't uh haven't seen it here but you can check out the blog post maybe they say it here but uh they've already kind of like said that they're going to support all these other chains i mean you can assume that they're going to to support every chain i think there's actually a white list right now for beta access too so maybe it's just very limited but still it's it's great to see this go live in a beta fashion and just more bridges for us to play with right so arjun is teasing their l2 wallet

launch again they you know they said in the tweet here do you think self-custody is too complex uh the the argent l2 wallet at launch will have low gas no seed phrase one tap d5 with rv yearn lido and ndx trading via paraswap fiat onramp nfts and secured by ethereum because they're using zk sync and more dapps and l2s to come after so they're only starting with zkc they're gonna add more l2s of course uh beta started expanding over the coming weeks so yeah it's it's finally here uh they've been teasing this for quite a while i'm hoping to get my own beta access sooner rather than later i would love to try this out on my argent wallet um this is i mean arjun is one of those wallets that i think is going to onboard the most amount of people simply because

of the fact they have a really nice interface i think they've been hampered by the by the fact that they're only supported ethereum layer 1 but now they're kind of like doing layer 2 support as well which obviously makes a lot of makes a lot of sense and is gonna um appeal to a lot of different people out there so i'm looking forward to seeing how this looks like and you know if you get a if you get a beta invite let me know and let me know your thoughts around it join the discord channel and let me know there i'd love to kind of like hear your feedback on that so robert miller miller from flashbots has announced a new product called flashbots protect which is a suite of tools that makes it easier to use flashbots for front-running protection the first two protect products are an

api for developers at an rpc endpoint for end users so essentially what the rpc endpoint allows you to do which is most relevant to us right now is lets you kind of like change your rpc on metamask to access flashbots into your transactions via flashbots instead of via something like what minimize defaults to being infuria so you can see here you can just easily change your network like you do with any other kind of like network that you connect to and you'll be going through the flashbots kind of like our pc here and taking advantage of i guess like this stuff that people take advantage of to do mev so if that's something you're interested in definitely go check it out uh flashbot is an amazing team uh they're building a lot of great products they're doing a lot of stuff around mev

which funny enough like i'm just thinking about it now a few months ago mav was like the hottest topic ever right everyone was talking about it now it's less so i think it's just because we it's kind of like um become a bit of a boring topic for people but i think maybe over the next two to three months is going to be more uh kind of like talk about it as we get to the merge and as more people talk about mev in like a proof-of-stake paradigm for ethereum so yeah it's going to be interesting to see how how that all plays out there and speaking of a proof-of-stake paradigm a lighter uh announced that they've got a uh staking rewards dashboard now so if you go to stake dot lydo dot fire rewards you can now track your staking deposits daily rewards average staking apr and much more at the

click of a button so if you are staking with lido you do hold an s you do hold st well then you have this really nice dashboard to check everything and you know check how your kind of like rewards are going what your average apr is and and and kind of like all that stuff there so yeah i mean i love dashboards just generally the things that just make it super easy for people to visualize what's going on whether that be staking whether that be kind of like tracking their default stuff i mean this is why i love zappa so much right at the end of the day it's just i love these simple tools people can use to get like a you know bird's eye view of what's going on with their finances which i think is obviously very important so yeah go check this out if you haven't yet but 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