Ropsten merge config, Lens Protocol live and more - The Daily Gwei Refuel #368 - Ethereum Updates

Transcript

hello everyone and welcome to another episode of the delegate refuel where recap the latest news in the ethereum ecosystem i'm your host anthony designer and today's the 19th of may 2022 all right everyone let's get into it so just a final shout out here you have a couple days left to purchase some delight merch if you're interested in that this is part of the original drop that i spoke about a couple weeks ago it's coming to an end in a couple days so if you're interested in getting a t-shirt or a hoodie here you can go to shop.metafactory.ai and run through the process to kind of like uh pick one up for yourself there um i think the way it works is like once the drop ends they're gonna start kind of like running through the printing and all that sort of stuff and getting all

that done and then they will kind of like ship it other people so very exciting i can't wait to get mine and now i'll be wearing it on the refuel that's for sure all right on to some merge related news so the robston beacon chain configuration has now been merged in in merging the kind of like github sensor and client releases are coming out soon the genesis for the ropstein i guess like consensus layer will be on may 30th with the merge transition due to happen on june 8th on the robson test net once ttd is reached so we're so close guys like i know i say this all the time but like robson hopefully goes through smoothly then we can move on to either girly or sepoya then we can and then we you know one of those two and then we do

one of those two again like a few weeks later and as i said to you guys i'm expecting an august merge here and look i've said that september could be on the cards but you got to remember that the difficulty bomb is not being pushed back at least that's the kind of like latest on it so if not being pushed back means that but if if the merger was to happen in like mid august we would already be at 20 second block time so for those of you who don't know how the difficulty bomb works basically uh it's a mechanism that was put in place to make sure that ethereum developers didn't kind of like get slack and record developers didn't get slack and ethereum kept shipping updates and what it does is it basically slows uh kind of like it basically increases the difficulty to mine the

ethereum chain kind of like exponentially um and it becomes very very difficult to mine which means block times get longer now i think it got to a point where we had 30 second blocks at one point uh but that was like before dfi took off or anything like that so and what ends up happening is that at 20 second blocks we're basically uh reducing the capacity of the chain by about 25 percent which means that you you would probably expect fees to go up in that scenario right so if if we if we only had two weeks of that i don't think it would be a big deal i was actually talking to hal press about this we had our kind of call today i was talking to him about this today where we we both kind of like agreed that we didn't think it was a big deal that um

that for two weeks kind of like if uh if kind of like um the difficulty bomb resulted in 20 second block times um and i i i actually argued that if we push back the difficulty bomb uh you know sometime soon it would it would probably lead to a definite delay i've been it definitely would kind of like i mean i hate using the word delay but definitely would push the merge out to something like a september or a kind of like um potentially even october sort of thing but i'm pretty confident that if all the public test nets go go wow august is definitely a high chance to happen here for the merge so uh definitely um if you're interested in kind of like getting uh i guess involved with the the robson test net or any kind of like in the test nets keep an eye on

the ethereum github uh kind of like page there and you'll be able to download the clients and all that sort of stuff uh and to get involved with it there it's definitely technically involved uh definitely it's something that you just do if you want to do it's not a requirement it's it's kind of like doing it out of altruism so don't think that you need to do it don't think that if you don't do it the stuff won't happen it's really just if you want to get your feet wet with it if you want to be part of history you can do that so definitely go kind of like check all that out but yeah we're we're very close guys the 19th of may today june or june 8th is not that far away it's like i don't know how many days are made like let's say it's kind of like 20 days

away or probably less than that so very very close i'm super excited and i i just can't wait to kind of like see this go through the merge transition all right so speaking of the merge transition uh uh abdellah made from uh kind of like only dust here today as uh kind of like it's a it's a kind of project from boarding devs until stark net said they're going to be doing an nft drop for merged testers so as i just mentioned i mean doing the kind of like uh merge testing on the public test that's like being involved there is definitely an altruistic thing and you're not going to get much out of it but you can potentially get an nft out of it so you can receive a proof of participation in this uh kind of like historic moment if you're going to cut if you're kind of like testing a

kiln and i'm sure they're going to do others for the other public test nets as well so if you've been on kiln and you're still testing it out and still running the software there's going to be a snapshot done at a block and then you'll be able to kind of like get an nft here which i think is pretty cool because it definitely will encourage some people to kind of like run this testing software that they otherwise wouldn't have just because they'll be able to get an nft out of it and kind of like be part of history um if i can stop being lazy i i might kind of like do it um because i definitely like you know getting nfts and getting like historical ethereum nfts but if you're interested in it as well you can go read um kind of like this uh i guess like this

post here which i'll link in the youtube description for you to kind of like get all the details on that one all right so uh rated dot network a website that i've highlighted before that covers kind of like client diversity and pool diversity in ethereum has shipped a new feature called pool operator drill down so you're now able to kind of like you can click into any of these entities or any of these pull operators and kind of like see uh kind of like a breakdown of them so if we click into lido here we can actually see where the stake is sitting within the lido system so as i've described to you guys before lido has i think they've got 28 stakers that or sorry it's 28 staking service providers that they kind of like send each to when you send it into lido

and you can see i think i don't think all of them are listed here but many of them are listed here and you can see kind of like things like pool penetration so what share do they have of the overall lido kind of like a stack here and it's actually the attempts made to make it as equal of a distribution as possible and you can actually see proof of that like block space which is i think number one here has five point seven seven percent uh and then so do kind of like a bunch of other ones and then a bunch of other ones have a little bit less and and you can see on the next page kind of like some have have even less than that uh and then you can see like client distribution of these different uh staking providers it's actually

pretty well distributed this is why lido's distribution is is pretty good you can see like pink is prism and prism is still the majority client but like much less than it was uh and then you can see tech teku in kind of like this turquoise color lighthouse in a uh a kind of like a i guess a darkish blue and a nimbus in an orange uh here as well so you can see it's it's very very distributed actually there's some providers that are running like 100 lighthouse um none of them are running 100 prism i believe i think the highest is 95 prism here um but yeah i mean i look it's distributed in terms of kind of like overall as like a lighter ecosystem but it would be really cool to see each of these kind of i guess like um uh stake and service providers do like

an even split right 25 25 25 25 between the four major clients or if they wanted to do uh kind of like you know 22 22 22 and then fill in 22 and then fill the rest with like a load star or something like that that'd be cool to see but overall lido's client distribution is really really good and they also kind of like rate the participation rates so kind of like how many of the validators are participating in the network over time and then the kind of like effectiveness uh rating as well here so this is kind of like the performance of these node operators which is really cool but it's not just lighter that's been ranked here you can see kind of like uh coinbase obviously coinbase as it currently exists is just one entity but in the future when they do the liquid staking

that's going to change there and then we can drill into something like rocketpool as well and kind of like see all the uh kind of like deposit addresses and the pool penetration of those and the client distribution and stuff like that too it's really cool to actually see that the um the 15.7 pool penetration here which is the largest on rocketpool is 100 nimbus so that's that's really cool um but yeah i love this and and and kind of like you can check out all the the i guess like the rest of the pools here and the rest of the services at rated.network if you want to check all that out and they've also kind of like got global um statistics up here and validated performance for the last 24 hours which is really cool to see as well uh but yeah really cool to see this

really i love this sort of stuff i love drilling into kind of like the metrics and the statistics around the beacon chain because i mean the beacon chain is going to be everything post merge right there is there is going to no longer be a proof of work metrics to pay attention to we don't have to care about hash rate or anything like that really it we start can we caring more about you know i guess like obviously client diversity matters for both layers but client diversity participation rate effectiveness rate correctness you know pool penetration you know static staking stake distribution all those sorts of things and to me that's just a much more exciting and fun thing to focus on i may be a little bit biased though because i've never actually been a minor of any crypto network i never really saw the

point like my logic was always i may as well just buy the crypto rather than trying to set up a mining farm because i didn't like first i didn't have the money to set up a profitable mining farm and secondly it was a lot more kind of like you know work and overhead to do that rather than just buying you know eighth or something like that right whereas the staking i mean i already had the eighth and i was like well i'm not gonna just let the eighth sit in kind of like my cold storage i'm gonna stake as much of it as i can and it was just like a really cool project for me to do so that's what i think is a an overlooked benefit of proof-of-stake is that the stakeholders uh are the same right the stake is a a kind of like have a vested

interest in an ether as an asset and a more aligned with the ethereum community at large whereas miners traditionally haven't been like i was talking to some friends about this today the hobbyist minor community i think they are completely detached from at least most of them not all of them look there's always exceptions here but i think the rule is that most of them seem very very detached from the rest of the ethereum ecosystem because they see mining as kind of like a business um they kind of like like mining so they like doing i mean it's fine to like money like i don't think there's anything wrong with that um and you know they're kind of like staring down the barrel right now and kind of being like oh well you know when proof of state comes we're basically all fired which i mean for lack of a better

term but that's what's happening we're firing the miners like instantly right um but the the main operations the big kind of like mega mines i think they are much kind of like have a much better understanding and kind of like more involved with the ethereum ecosystem but the hobbyists don't seem to be whereas the hobbyist ethereum stake is right the ones who kind of like solid stake on their own stake at home like myself they're much close much more closely aligned with the ethereum ecosystem and are much more clued into what's happening within the kind of like wider ethereum space rather than just like one small corner of it right and i think that that's because of the fact that the eat steak is uh eath holders too right like this is kind of one in the same thing whereas miners don't necessarily have to

hold ether at all they don't have to care about it they can just sell all of their eth whenever they get it to both cover their costs obviously but also to just kind of like lock in profits they don't have to care about the asset so i think there's a lot of those dynamics that go on but as i said i'm biased because i never did mine never got involved with that community but i've definitely been a staker i've been a sticker since literally day zero when the beacon chain went live since genesis i've been a staker and i've just been adding more validators over time as i've been able to stack more kind of like 32 chunks there and i'm hoping to get more involved with rocketpool as well eventually i'm i'm definitely interested in becoming like an odl member and and and spinning up some of my own kind of

like rocketpool nodes and validators eventually when i feel a little bit more comfortable with it once it's been running for a while as you guys know i'm very risk-averse these days uh but definitely want to help there as well so so yeah anyway enough ranting on about staking uh let's move on to the kind of like rest of the updates so uh the protocol guild has put through a governance proposal to the unisop community to fund uh the protocol guild pilot which i've spoken about before and just a quick reminder if you want to know what the protocol guild is i did uh there was a guest piece in the delegate newsletter last week uh from trent van epps who's running the protocol guild or is one of the people running the protocol guild uh where he explained it all so if you wanna go learn about that

you can go to thedailygrade.substance.com and find the newsletter titled the protocol guild there but anyway this governance proposal uh kind of proposes that 500 000 uni which is worth about 2.5 million dollars to be allocated to support the protocol guild pilot and you can see kind of like all the details here trent has posted it and then there's a back and forth uh kind of like i guess discussion with a bunch of people with pros cons you know should we do this shouldn't we do this but i think this is kind of like uh a really cool thing i mean uh they're the they've kind of done this for the protocol good has put forward proposals for uh lido and curve lighter i think has gone through curve i haven't kept up with i think there was some push back there and unisop i think is the third

proposal to so kind of cause the kind of logic is to kind of like get into these treasuries and have them fund the protocol deal with a small part of their treasury in order to kind of give to public goods and kind of like this proposal uh the first step to getting that sort of stuff done right uh so if you're interested in reading this proposal you can it's it's not that long right it probably won't take you long to read and then you can read the discussion as well and maybe get involved with the discussion if you're interested in doing that as well but very cool to see this i mean you guys know i'm an absolutely massive public goods shill for lack of a better term like i want to see as many public goods funded as possible and the protocol guild outside of bitcoin grants

is one of the best ways to do that in terms of kind of like overall impact and the amount of funds they're going to end up having having that's going to be really cool as well so definitely go check this out i'll be linked in the youtube description below all right so danny ryan has shared that uh the eef or ethereum foundation data availability sampling rfp or kind of like requests for proposals has just been released so uh data availability sampling or das is a hard but critical problem to solve in order to take us from eip4844 to our fully scalable future so essentially taking us from dank sharding or proto-dank sharding to to full dank sharding uh 1.5 million dollars in funding has been earmarked for proposals so if you if this sounds like something you want to get involved in or you want to do whether it's the

research or development kind of like um layers this would be where to kind of like i guess put forward your proposal here to get some of that funding now as danny said here this is a critical part of ethereum scaling roadmap uh so if you kind of like get chosen if your proposal gets chosen if you work as part of like this at all you'd be contributing a kind of like contributing to a critical part of ethereum's kind of like long-term roadmap which i think is really cool right at the end of the day so this is kind of like the process of of what it looks like to submit a proposal so um you know the first kind of like step was the request so the ef released the the proposal request and the gather you know team submit their proposals deliberate so the ef will analyze these proposals

discuss dynamically any suggestions in structure direction fee schedule and or timeline and come up with a basic pla sorry account with a plan based on the resources and needs of an accepted proposals and fourth step is proposed ef proposes a final structure of the proposal based upon deliberations discussions and step five is the team accepts and the work begins so not too long of a process here and obviously they're kind of like taking proposals right now so once you do that as either a team i guess you might be able to do it as an individual but i think kind of like as an individual you might just get lumped in with a team kind of like eventually on this sort of stuff but yeah you can read the kind of like full kind of like uh post here for details on this but cool to see that

there's a kind of like rfp been put out for this because as i said dis is is critical is it kind of like a core part of ethereum's roadmap and if you don't even i i should say if you don't know what das is this is probably not something that you should be putting up for the proposal uh for but um you know most of the time but you know even if you don't know what it is right now and you learn about it and you think you can contribute to it uh definitely go and kind of like put forward a proposal it's not just limited to people with existing knowledge um but i think like probably the people that are going to be putting forth proposals are going to be ones that are already familiar with this sort of stuff so so yeah all right so the block had has an

article out today where they've said that meta which is facebook essentially i mean facebook rebranded to meta which kind of like is facebook instagram and all that sort of stuff has filed five trademark applications for something called meta pay which is teasing crypto and a crypto digital payment platform now there's not too many details on this just yet this is just coming from kind of like the the trademark applications um i don't know if there's any details on where they're going to have this kind of like hosted is it going to be totally centralized within kind of like facebook or meta i guess uh is it going to be built on ethereum layer 2 is it going to be built on a sidechain is it going to be built on another blockchain i don't think there's any of those details just yet and obviously this isn't uh kind of like

facebook's first foray into payments within the crypto industry they had dm which is their stablecoin project which was once called libra which is called something else uh which is kind of like completely failed to take off the ground and actually one of the people that was speed heading that project at facebook is now working on lightning network or has started a lighting network related company uh which which i find kind of like just a bit wild right they went from kind of like facebook to lighting network but i guess that's a cool cool little transition there um but regardless of that i'm going to be keeping an eye on this i really do hope that meta maybe partners with someone like facebook uh sorry someone like polygon who have already kind of like worked with meta on instagram nfts and stuff like that uh to do kind of like a

payments layer too essentially on ethereum rather than building their own centralized thing or rather than kind of like building their own uh oh sorry building this on another blockchain so yeah i hope polygon kind of like scoops them up here or any of the other layer 2 teams but i think because polygon already has that relationship with meta through the instagram integration it'll probably be easier for them to kind of like land this than someone else but yeah i'll keep you guys updated if i come across any more details about this all right so speaking of i guess like traditional non-crypto companies getting in more into crypto robin hood has announced that they are going to be building a web 3 wallet and you can sign up for early access today at this link which i'll link in the youtube description but there really isn't many

other details about this right now there's like a teaser video and they're saying kind of like uh you know trade crypto with kind of like no fees and stuff like that i i don't know like i don't know with kind of like what the deal is yeah i don't know any more details about this but i think um it doesn't like what i suspect this is it's probably going to be pretty centralized i mean i i hope it's non-custodial but i don't know because robinhood is typically being like really bad with that they didn't even let users withdraw their crypto from robin hood for a long time i don't i don't know if they they let them withdraw it yet i'm not totally sure but they didn't for the longest time withdraw crypto from robin hood to their own wallet so not sure if this is going

to be non-custodial not sure what kind of like chains and assets they're going to be supporting from the get-go i'm sure it's going to be ethereum and bitcoin but in terms of kind of like other chains i'm not sure uh or anything like that i'm not sure if it's going to be a wallet like metamask is it going to be like a mobile only wallet or is it going to be a desktop wallet or is it going to be an extension well there's no details that i've seen yet if i've missed the details guys definitely hit me up with it but yeah i just haven't i haven't really seen these details myself yet so yeah i just thought i'd kind of like shout this out for you guys if you want to sign up you can i think there's already half a million people on

the waitlist so who knows what order they're prioritizing people to kind of use this but regardless i think you know we'll all know what it looks like once they start kind of like um releasing this out to the public all right so aztec network which is a privacy layer 2 network have put together a thread talking about the official aztec connect launch countdown has begun so on june 6th our system supporting cheap private transactions on ethereum main net goes live but a lot has to happen before then and they go through this thread about what kind of like what has to happen before then and kind of like what you know i guess like we're three weeks away right now um and you can kind of like see the countdown here so four women were four weeks away there was an internal audit done three

weeks away there's going to be third party audits done two weeks away there's going to be system account migration one week away mainnet contract mainnet contract deployment and then launch of the zk money production deployment here so it's i mean it's not too far away right guys like june 6 just before the robson test net merge transition goes through which is which is really really cool so yeah i just want to kind of like shout this out that this is coming and uh on on june 6 sorry on uh i think on june 9th uh aztec connect and the next version of zk money will go live with our two launch partners which is element finance and lido finance you'll be able to get fixed yield products on layer 2 via element finance and liquid staking products obviously with lido finance on layer 2 as well with future d5 integrations dr

services and private nft transfers are coming too you guys know that my two main kind of like things that i'm watching over the next few years are scaling and privacy they nicely go hand in hand with each other and aztec network is definitely on the forefront of of kind of like both of those things right they're building a scalable privacy layer this is i would say probably a competitor or something like polygon nightfall in terms of kind of like the tiger market that they're going after so it's cool to see that there's competition there it's cool to see that we're not just gonna like centralize around one privacy layer two or anything like that and there are other things being worked on so i think loopering's working on some sort of stuff with with privacy and layer twos as well so yeah it's gonna be cool to see kind of like

how that all shapes up and how that all kind of like shakes out and what the what the kind of like landscape looks like a few years from now all right so another interesting project that i came across today is something called skiff mail which is a privacy first end-to-end encrypted open source web3 native email now if you go to skiff.com mail you can actually log in or sign up with metamask you can connect your wallet here i've already gone through the process uh just before i haven't done anything with it yet but i just kind of like uh signed up and you can see here it's like looks like a normal kind of like email client right i got my i'm signed up with sasudarithapia that's my display name and you can kind of like you know import a bunch of things you can click new page here and it'll kind

of like create something new for you where you can kind of like have a have a title have a description start kind of like templates publish all that sort of stuff but what i find really cool about this is that it looks like a web to application right this doesn't look like it's a crypto application the only indication that you have that it's crypto is the top left where you see my ethereum address right everything else is is pretty much kind of like like a web 2 app like a normal web 2 kind of like traditional app that you would see so i really love that because i think that for web 3 and crypto net like web 3 stuff to actually go mainstream to actually for people to actually care it needs to look like the web 2 world and the web 3 stuff just needs to sit in the

background and still provide the extra features and everything like that but it definitely needs to sit in the background and what skiffy's trying to do here is is you know private email with kind of like using your metamask wallet which i think is really really cool and this isn't the first project attempting this i think i've seen others in the past but i think the fact is as i just said like a lot of the other projects probably focused too much on the web 3 side and forgot about building just like an actual good application that people wanted to use and starting with kind of like an applica a good application first and then kind of like um you know adding web three kind of like stuff to it like metamask login and and kind of like uh enas integration and stuff like that as well so that's what

skiff seems to have done here but as i said i haven't played around with it too much because i only came across it before but i'm curious uh to kind of like uh get your guys opinion on if you do play around with it and just wanted to highlight it for you guys because it's just another toy to play around with on ethereum all right so i spoke about coinbase launching their kind of like web3 browser uh kind of like uh i guess mobile app uh yesterday i think it was um and pete kim from coinbase here today has put together a great thread about how coinbase is basically handling uh kind of like a hybrid self-custody uh solution with the kind of like mobile wallet app now what they're doing is they're using something called mpc technology which is multi-party uh computation i believe uh

technology or technology uh i think that's what mpc stands for uh correct me if i'm wrong but i think that's what it stands for but the way it works is that uh it can support anything and everything in normal self-custody while it can uh such as obviously sending interacting with d5 dexes all that sorts of stuff um but what what it does is that it gives it the zero gas overhead um and through the blockchain and npc while it just looks like an eoa wallet so um what the way it works is basically that it uses advanced cryptography to enable multiple parties to interactively and collaboratively collaboratively sign things like transactions without having to let anyone have the full key at any given time so it basically splits the key between yourself and coinbase so if coinbase coinbase can't take your funds on their own they need your part of the

key and you and kind of like you need coinbase is part of the case so it's kind of like a hybrid solution it's it's it's still like you're still trusting coinbase to kind of like uh keep that key available for you from from my understanding but i think it's good because pete kind of like starts the thread off by saying that a lot of users would contact them and be like hey i want to get my like i forgot my password for my coinbase bullet app or i lost my recovery key and there's nothing that coinbase can do because chromebase doesn't store that sort of that stuff right and and and obviously like um yeah that's a really shitty situation for the users because there's just no recourse for them so they've kind of come up with this hybrid solution where it's not like fully self-custodial but coinbase can't

access your funds without your part of the key so there's no way they could ever kind of um steal your funds but the flip side of that is that you need access to coinbase as part of the key right so it's kind of like the data availability problem where if that you know with these kind of like hybrid l2 solutions uh like validiums and things where the data is stored off chain uh if you don't have access to that data yes the provider of that data can't steal your funds but you they you can't get your funds either right because the funds will just become frozen so same is true here where if coinbase withholds the part of the the key that they have then you you can't access your funds from my understanding right there's no recourse from there but it's it's definitely better than having no

recourse at all where if you lose your recovery key right you can't access your funds at all so i like this for like a normal solution i mean i would never use it because i just self-custody everything and i'm comfortable doing that but a lot of people will the majority will probably use this right and i think it's strictly a better system than just like full custodial which is really really cool but definitely go give pete's thread a radio i'll link it in the youtube description below all right so there was this kind of pose from the block that the block shared where gary gensler has told congress that the sec is re is quote-unquote really out-personed on crypto meaning they're finding it very hard to find people to focus on crypto i guess like sec related regulations and i kind of like tweeted this i quote

twitter this and i said be you have crypto skills and knowledge choice between working in the industry or working for the sec under gary gensler pretty obvious choice in it uh yeah i mean it is a pretty obvious choice like if you're a crypto native if you understand this industry if you have the skills and knowledge to kind of like uh i guess like comment on this industry and to even regulate this industry uh why would you go join the sec you would join a crypto native project like 9.9 times out of 10 right but the thing is is that this leads to actual negative consequences because it means the sec and other regulatory bodies can't find the right people that they need to to regulate this industry so what they do is that they end up with

the wrong people and then what ends up happening is we see silly regulations put in place which is bad for everyone so there are some kind of like people that maybe need to fall on the sword and if they kind of like really understand crypto deeply maybe we just need to go work for the sec but expecting people to do that is kind of like not not something that we should expect and it's not something that's that's going to happen in reality so i think that that's the most dangerous thing when it comes to regulations not that the government is out to get us all and wants to shut crypto down it's more that they're probably gonna hire people that don't have a good understanding of crypto and that's gonna lead to perverse regulations later down the line uh because at the end of the day anyone who

understands crypto or okay i guess my chrome tab just crashed yet i'm out of memory but as i was saying like anyone who kind of like understands crypto is not going like most people that understand crypto is not are not going to go work for a government agency especially because crypto is built on kind of like anti ins anti kind of like existing institutions anti-government uh and stuff like that so yeah i mean i'm not surprised to see gary gansler say this they're definitely gonna have a hard time hiring any of uh the you know good people in crypto maybe they'll find some of them but it's gonna be an uphill battle for them that's for sure all right i'm gonna have to refresh all my tabs here it seems like i've got way too many chrome tabs open um all right so uh lens protocol actually

announced that they're now live on polygon mainnet which is really cool to see so if you those of you who don't remember lens protocol is basically rv's solution to decentralized social media and as i've said before this is one of the kind of like uh decentralized social media applications that i'm actually quite bullish on because they're not trying to do everything they're just kind of like building out the core primitives core protocols and smart contracts and leaving it up to developers to build on top of it which i think is really really cool but if you are kind of like interested in checking it out you can the only people right now who can sign up for on lens protocol are those that i think like signed the uh something a few months back and kind of like linked it to their to one of their addresses

and they can kind of like sign up but uh lens head protocol or ave has said that they're going to be opening this up to more people as time goes on so not many things to kind of like touch on right now with regards to kind of like being able to use it but there are a bunch of things that are launching with it that you can check out in this thread i'll link this thread in the kind of like youtube description for you to kind of like uh check it all out and kind of like check out the documentation if you want to as well all right sorry i got to refresh this tab alright so latest in the terror drama here i just wanted to talk about for a minute or so apparently korea's national tax service uh has come forward and stated that

terra needs to pay 35 million dollars in taxes uh um as dokwan has 92 percent of its singapore entity and has residency in korea national tax service viewed it as an indirect korean entity and seeking to tax 79 million dollars more not 790 million this is a typo 79 million dollars more for transferring assets to the lfg it's considered a gift in tax perspective and thus gift tax so not only was dokon running like the biggest ponzi in crypto history or kwanzi if you will he was also avoiding taxes which i mean i'm not even surprised about like why wouldn't he be avoiding taxes probably thought he was too good to pay the taxes given his given we all know he has a massive ego um but i just thought this was funny like the funny thing is is that it seems like all the dirty

laundry of terror has just come out over the last couple weeks since it since it kind of imploded um and you know what's even funnier would the terra moon boys have defended dough for not paying his taxes if tara was still alive i think that would have because that was so like cultish and so kind of like uh you know doe could do no wrong he could go he could basically do everything right he was making the money blah blah i think that would have actually came to his defense here and being like uh and kind of like made up some kind of kind of narrative or some silliness or some silly arguments to kind of like uh say that doe was actually you know fine for not paying those taxes which i guess is just really silly and regardless of your views on taxes i think it pisses people

off the most like even if you believe that taxes should be lower or that the taxes shouldn't exist what pisses people off the most i think and what pisses me off the most is when you're paying your taxes fairly and you're paying what you're supposed to pay and then other people are getting away with paying you know not what they're supposed to pay that unfair like the unfairness in taxation is what really annoys me um and i think that's what annoys most people there so yeah i would have liked to have seen if terra was still going if kind of like luna was still growing and usd was still growing if those lunar moon boys or lunatics as they're known would have come to do's defense i think they would have which is a kind of shitty thought and a kind of scary thought but that's

how cults operate right so anyway i'm going to move on from that one just the last thing to shout out here was um i don't think i've described this kind of like funding round that's going on right now with the eighth staker qf round uh for uh kind of like funding uh building better staking tools i don't think i've described it well enough yet and josh stark had a great tweet uh that kind of like summarized it so basically there's been there's 350 000 in matching funds up for grabs there's been 1200 1288 donors so far uh demo demos tech that will help scale clrs to millions of users so clr being kind of like the matching rounds um quadratic stuff and there's six days left to donate here so i want to actually go to the website and show you so if you go to the app here you can

actually see the projects that are part of this round a lot of these projects or pretty much all these projects are trying to make ethereum staking easier across every domain not just with staking directly but also things like accounting that's what rocky does here uh kind of like running um radio ethereum or running staking clients on on kind of like different hardware and like a raspberry prize uh coming up with kind of like uh sorry having like um tools like beacon chain and ethereum pools.info in order to provide information stuff like that note i mean you can see all the projects here like nice note i've talked about before uh and you can see the kind of like the matching pool and the total that's been donated so if you haven't donated yet i mean i suggest doing so this is just like donating to a git coin grants kind

of like rounds except it's like separate thing with kind of like um you're just just on ethereum staking and i mean these are all great projects and obviously if you're mistaking uh kind of like user experience especially for solo stakers needs to get better uh because it's quite complicated right now and i don't blame people for not being able to solo so they're not picking out being able to understand it uh but yeah that's why i just wanted to quickly shout this out here and go donate if you haven't yet but i think think that's gonna be it for today so thank everyone for listening and watching be sure to subscribe to the channel if you haven't yet give the video a thumbs up subscribe to the newsletter join the discord channel and i'll catch you all tomorrow thanks everyone