Ropsten merge, Euler raises $32mil and more - The Daily Gwei Refuel #381 - Ethereum Updates

8 Jun 2022 · 29:03

Ethereum educator and EthHub co-founder Anthony Sassano covers the Ropsten testnet merge on The Daily Gwei Refuel, alongside Euler Finance's 32 million dollar raise. The recap runs through the sequence of Ropsten, Sepolia, and Gorli testnet merges ahead of Ethereum's mainnet transition to proof-of-stake.

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hello everyone and welcome to another episode of the delight refuel where you capped the latest news in the theorem ecosystem i'm your host anthony sosano and today's the 8th of june 2022 all right everyone let's get into it so today is the day robsten testnet will be merged now depending on when you're watching this it may have already happened uh probably it would have already happened because i think i'm going to put this out either right around the time that the bropstone merge happens or just after it so it's scheduled to happen just before 2 pm utc which isn't long from now i think it's about a couple of hours from when i'm recording this uh and i mean yeah i mean there's a website here you can kind of like track it on but like i think by the time you guys watch this it'll probably

be redundant but i think i should talk still talk about what you're kind of like seeing here on the left so this is a website called bordeal.wtf and it says here i mean this will be used for future tests as well not just for robs than i imagine but it kind of like shows here to achieve the ttd that's been set for robsten at the time of you know 2 pm utc you need around gigahashes of um of hash power to to do that and you can see the kind of like graph here and underneath uh you can't really see it because my camera is in the way here but underneath is kind of like the hash rate chart you can see it's kind of like gone up there and and uh you can visit this website anyway i'll link it in the youtube description uh and then you can

kind of like see the top chart this is the one we care about right the green is is is basically when the uh rob's the merge will happen but sorry we're very very close at this point in time and as i said it's only gonna happen by the time you've watched this but big day guys i mean i put out a tweet where i basically said you know robson's happening very soon as in today then we're gonna move on to the sapolia test net girly test net then the ethereum main net merge now there are a few things between that like obviously the shadow forks but then also getting the ethereum execution layer and consensus layer ready for the the merge itself so balatrix and paris hard forks on on both on on those chains respectively so that's all going to be happening but in terms of just pure

merge related stuff this is the path right here three public test nets then the ethereum main net uh and obviously those other auxiliary things thrown in the mix uh but yeah we're so close guys i'm so excited for it um if you are watching this early on you can definitely join this live stream that's being hosted by eatstaker here so if you just go to the east eatstaker youtube channel you can kind of jump into this live stream i'm sure it'll it'll still be going by the time you've watched this i'll probably be going for a little bit um but you can re-watch it as well i'm happy to join myself so i'll i'll definitely hopefully be on uh but yeah very very exciting stuff guys first public test net to run through the merge i'm super excited for it i personally think that it's going to go well um you

know i i don't think it's going to go perfectly like i don't like to think that it's going to go perfectly not that i don't have faith that it will it's that kind of like you don't know things are going to go 100 perfect and thinking in kind of like absolutes is is not a good idea especially in our ecosystem so for me i kind of look at this and i'm like you know what i'm very very confident it's gonna go well but uh given this is the first public test net given that there are still minor bugs here and there nothing kind of like uh game breaking or anything like that but minor bugs here and there uh we're gonna have to see how robsten goes and then robsten will give us the insight we need in terms of kind of like timelines or at least more insight than

we have right now i'm still sticking to my kind of like september timeline uh just just where we are today but depending on how robson goes i may adjust that you know it may still happen in august but i mean at this point in time i'm very i'm not gonna say bearish on the august kind of like timeline there but like i'm just i'm not seeing it like even late august maybe maybe it happens on the last day of august to prove me wrong but i think because of obviously the difficulty bomb stuff and and uh and just general kind of like overhead that adds early september for me is more likely but we're gonna have to see how the test net goes so on tomorrow's refill i'll obviously be recapping everything uh robson kind of like merge related there uh but yeah very very cool uh that we're finally here uh

and speaking of the merge corpy here put out a really great tweet thread today about uh how the merge is going to be a substantial change in supply demand forces that most people underestimate for each now i've spoken about this on the refill plenty of times before but i think uh corby did it did it uh did it a great service for i like the bull case of the merge by putting together this thread and basically explaining or putting in kind of like different words what hal press said on his bankless interview about how you know right now there's multiple millions of daily sale pressure from miners but then uh once you know the merge happens we're going to need to find sellers to prevent the price from going up if demand kind of like remains the same and if demand spikes obviously we expect the price to go up a lot more

i highly recommend giving this thread a it's got a bunch of numbers and a bunch of kind of different metrics around it attached to it very very good thread one of my favorites on the ball case for the merge i just wanted to hide that for you guys definitely go check it out especially i mean it's relevant right now right like the merge is so close i mean people keep saying when merge when merged you know it's taking forever i don't think they realize just how close we are in terms of being able to see it like i can see maintenance ethereum merged like at this point time i couldn't see that just a few months ago i can see it right now i could be like yeah okay that this this and this needs to happen then that's gonna happen and it is not very far away

so patience guys like i don't think there's any rush here honestly i'm not in a rush to for the merge to happen i want it to happen safely um because the worst thing that could happen is that we do the main net merge and it doesn't work you know that's obviously the worst case scenario so we want to get it right the first time and i think you know once we do that it's obviously going to uh de-risk a lot for people as well people think the merge is like super risky which don't get me wrong it's a risky kind of like endeavor just like any network upgrade but uh people think it's like way riskier than what it is so i think once the merge happens and it goes through successfully that will kind of lead to a nice de-risking for people and i think uh it might lead to some

positivity kind of like price action finally but we'll have to see right the markets are the market nothing's ever priced in right i actually truly believe that when it comes to eth pretty much most things are never priced in but that's a discussion for a different day here i've got a bunch of other updates i want to get through so i spoke about this new uh crypto policy bill that was introduced yesterday from uh two kind of like senators in the u.s uh jake sivinsky has a really really great uh twitter thread breaking down kind of you know what he likes about it what the next steps are and kind of like uh what he doesn't like about it as well i i just wanted to hire this for you guys to go give it a read because it does a better job of summarizing the whole thing uh than i i

did yesterday i think mine was just kind of like off the cuff and it was kind of breaking news when i was covering it but yeah this is this is really great i think uh you know there was there was some stuff in there around kind of like taxation of staking as well which was really which was uh very positive i think that um i'm not sure in the exact wording of it but it was actually a very positive change for for staking and mining and how that will be taxed in the u.s and i'm sure other jurisdictions uh such as where i am in australia is going to follow that and kind of like if if this becomes kind of like law if this actually goes in because right now it's um it's definitely just like a bill you know it may have like a small chance of

passing but the good thing is is that it's a bipartisan bill which means that both kind of like major parties in the u.s republicans and democrats uh i mean they're they have representatives kind of like involved in this so it's not just like one party has put this forward um when it's bipartisan it's obviously much better because then you don't have the typical kind of like party party fighting about it's like oh because it came from party a uh we're party b and we're just going to automatically reject doesn't matter how good it is so that's what i i was really positive about this bill being bipartisan but it's still a long time before this would go into becoming law or kind of like um becoming kind of like binding i think it you know has to go through iterations has to go through kind of like

consultations there's going to be things changed on it but this is really good usually these bills start out like really bad and then things get walked back but this this started out really really good so i'm excited about it uh and i'm excited about it because regulations were coming regardless of what you guys think yes we can build decentralized tools to kind of like resist as many as possible but there is plenty of points where we can't resist right centralized stable coins of course there's no way to resist uh regulators with that if you want to be a centralized stablecoin you're basically going to get regulated to help simple as that same with centralized exchanges same with uh docs teams that live in the us of d5 projects you know they're going to uh be under scrutiny they're going to come under regulations but the thing is

is that our goal obviously as an ecosystem is to build decentralized tools that don't rely although it doesn't matter kind of like about these things but in terms of like truly decentralized things that can't be shut down there's not many out there today because things are so early i mentioned a few of them before obviously unisop being the the flag bearer here but even still the unisop team is doxxed right they live in uh the us i'm pretty sure they live in uh in new york right so when you think of it like that i mean new york is one of the most hostile places for crypto uh in the us i believe uh they've got like this big bit license or something like that that is a really stifling kind of innovation there so when you kind of like take all that into account

something like this is really awesome so i definitely recommend giving jake's thread a read here i'll link it in the youtube description all right so uh db uh the this account on twitter that i follow uh shared uh news from paypal saying starting today paypal supports the native transfer of cryptocurrencies between paypal and other wallets and exchanges that's really cool basically it means that you if you're using paypal as an as a kind of like fiat on-ramp to buy and or a fiat on-ramp for crypto you can now transfer it to your own wallet so you can transfer eighth to your own wallet and any other tokens on there just like you would a normal centralized exchange now the reason why i think this is really cool even though it's something that we're obviously used to is that there are a

lot of people who want to use things that are familiar brands to them uh i know coinbase obviously in the us is the biggest kind of like exchange it has the most brand awareness but for a lot of people it's still scary whereas uh it's scary to use whereas something like paypal they're more used to because everyone's used paypal right like i'm sure you know 99 of people that have kind of like um done e-commerce have probably used paypal at one point it kind of like in their lives and if you're in the if kind of in the u.s there's obviously other services and other solutions out there but i would say you know most people have used paypal so there is a familiarity there and there's using paypal for things other than crypto obviously whereas with coinbase i mean you don't use coinbase for anything

except crypto so for most people haven't used coinbase i know they have a lot of u.s users but still not nearly as much users as kind of like paypal has uh so more i guess like that's why i like it when these things happen is because more people trust this from like a brand awareness perspective security safety perspective and the fact that you can kind of now do the full loop of going you know fit into paypal buying some crypto then withdrawing it out to a wallet is really positive in my eyes because at the end of the day you know buying and selling krypton and centralized exchange is all well and good but we want people to actually use the on-chain products that's what we're building here like the centralized exchange thing is like the tip of the iceberg for crypto like if you you've

seen the iceberg mean before you've got the tip and then underneath there is just like these massive kind of like icebergs emerging in the water the tip is centralized exchanges and then underneath that is everything else that comes with crypto so we really need to get people to kind of dive down and check all that stuff out rather than just staying at the top because most people just stay at the top most people stay on centralized exchanges they just buy and sell random coins that they hear about on youtube um and that is just sad what we we need more people kind of like to use the products and i think a lot of us just got to do with them not being educated not knowing that they can do these sorts of stuff but also we need to build better apps for them as well like

in all honesty like the apps that we have today are awesome if you're willing to put in the effort to kind of like get to know them to get to know what's going on with them to use them uh you know regularly and kind of like get up to speed with that and to learn about them but if if it's just kind of like a regular person who just wants something quick to do on training crypto there's not really much for them to do at this point in time uh there will be in the future i mean we're getting there i i truly believe we will get there obviously like if i didn't then i wouldn't be bullish on this ecosystem because it doesn't matter how many um you know uh protocol upgrades we do if there's not the apps on there to make use of that that kind of lose protocol

upgrades or the protocol itself then it's kind of pointless right uh so yeah i'm looking forward to more of those stuff more of those things happening and i think i discussed this the other day where i said that we need kind of like better apps but yeah cool to see this from paypal i think it's quite bullish actually uh obviously it's a bear market right now this new this news isn't going to move any kind of like markets like it would probably would have been a bull market but it's all about those kind of like iterative steps this is exactly what happened in 2018 and 2019 actually where there was a bunch of iterative kind of like things over time that were really really bullish but never kind of like played into the prices because it was a bear market and i remember thinking at the time

all this news is oh i mean not this new not in the news necessarily but all this kind of like stuff that's getting done during the bear market is going to propel us to new heights in a bull market because it's laying the foundations for that and that's exactly what happened i think like i mean d5 summer wouldn't have happened with all the foundations being kind of built by the early d5 pioneers that kind of opened people's eyes to what was possible on chain on ethereum within d5 so building blocks is what we want to see it doesn't matter if it's a bull or bear market they're still going to be there you know so i like seeing building blocks i'm very big i'm very very big fan of them especially ones like uh like paypal kind of letting people withdraw crypto to their own wallets very very

cool to see here all right so uh an announcement out of euler finance today they have raised a 32 million dollar funding round led by horne aventus here the new funds will be used to diversify the oil at dow treasury now i should disclose that i am an investor in euler i invested in their last round here and for those of you who don't know what euler is basically a money market on ethereum so basically they've got a few different innovations that i've spoken about before um the things that i kind of like really like about euler is they're trying to make use of unisop as an oracle which is something that not a lot of applications are trying uh have tried to do in the past uh they've relied on chain link oracles which aren't you know bad i like chain link i think trend leak is fine i think it's

really good but you know but they can't just be like for me i don't like monopolies like i don't like they're just being chain link and some of you may think that's kind of like ironic because i want to you know i i talk about ethereum like it's going to be a monopoly but i think there's a distinction between kind of like the protocol layout and then everything kind of like built on top um but i'm not trying to say that kind of like uh you know chain link is inferior to unit top oracles or anything like that but i think that you you know trying something new trying something different even if it doesn't work is is kind of like i i think worth it at the end of the day as long as it's not something like scammy or it's not something like a ponzi like

an algo staple coin or something like that right so that's one of the key innovations that i like there and by using uni swap as an oracle what that enables is markets for like the long tail of assets like money markets for you know all those kind of like coins that trade on on places like uni swap that have to be onboarded via a governance kind of process on other money markets to be used as collateral for one reason or another they have to go through a lengthy process so euler makes it so that you don't have to do that you can just have your own kind of like uh isolated money market and it's using uniswap as kind of like an oracle to do that as well but yeah i guess congrats to them on this funding round very awesome to see this they're definitely one of my favorite

teams in in the crypto ecosystem i'm not just saying that because i'm an investor i think a lot of the innovations that they're doing uh are really really cool i'm not going to go through them all now you should definitely check out their twitter page um i think there's a couple of threads on there that kind of like highlight all of this uh but yeah definitely something very exciting in d5 there's not that many things that are very innovative or exciting in d5 right now i think we're just seeing more of the same and i think that d5 2.0 was ponzi 2.0 basically i mean i've been through that before but there is a there is a bunch of kind of like innovation happening from these things you don't really hear about uh that are really cool and that again are building blocks that are going to pay off later down the

line so definitely go check out kind of euler finance if you haven't yet all right so diversify just announced before that they are no longer just a trading exchange they're opening a gateway to the entire world of defy so today they've launched their first ever cross chain feature which is seamlessly swapping hundreds of tokens on polygon directly from the diversify app which if you guys don't know is a validium on aetherium so using starquest technology on ethereum diversify's been around for quite a while now i think i've spoken about them a bunch of times and i should also disclose that i'm an investor and diversify there but you guys probably know that because i've talked about it before uh but very very cool to see this cool to see things like across chain swaps yeah i think that

the cross chain stuff uh you know even if you don't believe in other kind of like layer ones being prominent going forward i think the cross chain stuff is still very important for the layer twos and and the side chains obviously with polygons the pos chain not technically in layer two but this cross chain stuff doesn't have to be limited to the side chains or other layer ones it definitely can be used between layer twos and i've explained this before people often go on about isolated liquidity and isolated users and if you're on diversify you can't interact with other ecosystems well now you can guys like this is the thing this is only their first uh kind of integration with with polygon here i'm sure they're gonna integrate with other um other kind of like ecosystems out there uh and that's just gonna enable that seamless kind of

uh i guess liquidity flow between these and user flow between these different things so i don't think long term the liquidity fragmentation and the kind of like isolation of users is something to worry about at all i don't even think it's something to worry about right now it's going to be so easy to bridge and swap between chains and i talk about changes as kind of like layer twos right that you're not even going to notice that you're doing it and i'm i'm really looking forward to when things like start wears damm goes live and some other kind of like uh similar constructions go live they basically allow you to initiate a trade on optimism for example uh but trade using an arbitrary liquidity pool on on the arbitration version of unisop for example like that sort of cross chain stuff is very very cool and i'm i'm very

much looking forward to seeing that go live as well uh but diversifies are definitely leading the charge here so congrats to them on launching this product today you can check this out i'll link it in the youtube description all right so a little cohen posted a tweet thread i think it was a couple of days ago now i just came across it just before where he said fyi on the most fyi on one of the most efficient ways to fight phishing sites is submitting a pr to metamask if they add it to their scam database this is what a user will see when they go to the website takes one minute to submit a pr and let's make web3 more secure so if you basically come across a phishing site that is trying to steal someone your crypto or just crypto in general as little cohen says here you

can go to the metamask kind of github repository submit a pull request and basically say hey i found a kind of like phishing site here and it will automatically get put into metamask's phishing database and this will be what users see when they go to that domain if they have metamask uh installed here so very very cool obviously there's a lot of these things that pop up and the sad thing is that these scams wouldn't be so prevalent if they didn't work like they they work guys like and even the ones you know i sometimes get pings on the discord channel people getting messaged by like an imposter of myself right um those work as well because people just don't really check discord has really really bad uh tools for uh kind of like fighting that sorts of stuff um but maybe this is a good reminder to tell

you guys that i will never ever dm you first um unless i've kind of like interacted with you directly in the discord channel where you can actually see my role as admin there but i'll never just cold dm you because um i know how prevalent these scams are and i don't want to kind of like uh kind of train users to trust that i'm gonna dm them no that's never gonna happen so just gonna put that out there and that and that should hold true for basically all of the big kind of like quantum code influencers in this space um you should always verify even if they message you first you should verify that it's them check that you know check their twitter account like before kind of like applying to them make sure it's their actual twitter account um and then you know their

twitter account might have been hacked so be still cautious around that as well because it only takes one slip up guys because you're not you can't get your crypto back if you send crypto to one of these scammers or give us your seed phrase or whatever it's gone and it's gone forever you're never getting it back so it really really sucks but that's the reality of it so definitely you uh kind of uh uh need to protect yourself but there's a few things you can do to protect yourself against most things and this is definitely one of them and metamask helps to protect users as well which is very very cool to see all right another great dune analytics dashboard from hill dobby today which is uh basically a dashboard looking at the l2's sorry deltoo's usage so here is a dashboard on optimism dexter so this is

uh sorry that i i screwed that up a little bit there this is an uh a dashboard that tracks uh dex volume dex metrics on optimism so as till derby says here volume transactions users aggregate aggregators and more are tracked and you can see the dashboard here i'll link it in the youtube description but basically over the last 24 hours on optimism dexa's have done 75 million dollars of volume with half a billion dollars over the last seven days a billion over the past month uh and then you can see kind of growth there and you can see that the daily dex growth here obviously there's been a lot of growth recently because of the op token launch then that's why that spike is there you can see the share in the market share unisop obviously has the lion's share but there's a new one that

went live the other day called velodrome that he's eating into them uh there's also i think the green one here is curve i believe yeah curve um and then the yellow seems to be quentai here which is a part of the synthetics ecosystem and there's a bunch of kind of like metrics down here as well so and if you keep scrolling down you can see aggregators all that sorts of stuff there which is very cool to see so definitely go check this out i'll link it in the youtube description and just a reminder here i mean i highlight hill dobby a fair bit on the refuel but uh he has a bunch of very very awesome dashboards like some of the best dashboards i've seen on doing analytics for tracking a variety of things so you can see here looks rare versus openc nft market overview ens airdrop right the

theorem gas metrics and the optimism ones that he's done like there are so many here they're really really cool i love it um and he you know he puts them together really quickly as well so definitely go check them out and give him a follow too because he always shares these on twitter so you don't have to wait for me to highlight on the refill you'll see it um yourself on his twitter account here so i'll link it obviously in the youtube description you can go check it out and give him a follow all right so i just wanted to highlight this thread from benjamin here which is basically a thread going over the evm so you've probably heard of the ethereum virtual machine or the avm i've spoken about it numerous times uh but if you're like me and you find it more than

slightly intimidating below is my attempt at a basic guide to what it is and how it works my attempt being benjamin's attempt right you can go give this thread a read i just wanted to highlight here for you guys because the evm is obviously very very important to the ethereum ecosystem not just on the technical side but on the social side i've spoken about how before with the evm with the evm and how it's dominant across so many ecosystems it reinforces ethereum's network effect especially for developers so if you want to learn more about the evm how it all works how it powers ethereum why it's so important why it's so powerful this is the thread for you so i'll link this in the youtube description and you can go and check that one out and uh just one other thing that i wanted to highlight here was a

blog post from hazu today uh where he kind of like captioned it by saying as mev is becoming even more important in proof-of-stake ethereum flashbot is about to release mev boost a neutral middleware that allows any builder to openly compete in making the best blocks this is great for validators staking pools and ethereum itself so if you want to learn all about mev boost you can definitely go give this blog post a read i'll link it in the youtube description below for you to do so as i mentioned i think yesterday of the day before i was talking about um mav for an mov boost and solo staking mev extraction and all that sort of stuff uh this is related to that so if you want to you know obviously learn more about that you should you should read this but i think as time goes on

mav becomes you know more and more i guess like prominent in the ecosystem it's more and more a topic of discussion but i think there's also a bit of fud around mev people sometimes framing it as if like if ethereum doesn't solve mev soon then ethereum is going to die no it's not like that guys i think that even if we don't quote-unquote solve mev which i don't think there's so solving mvp is not the right way to think about it the way i think about mev generally is that there are negative externalities that eventuate from mav and some of the most negative externalities include things like time-banded attacks and and just re-orgs in general and extracting a lot of um a lot of value from users such as sandwich attacks so the goal is to

basically minimize that mav as much as possible in a democratic neutral way so that users don't suffer as many negative externalities but also the extraction of that mev is not just concentrated in a handful of entities it is spread out across the network and that's what all these tools are trying to do in the long run we want to try and eliminate as much mev as possible but i don't think we're going to ever be able to eliminate 100 of it there is actually mav that is needed in the ecosystem such as arbitraging between different liquidity pools like you don't want to get rid of that because if you did in some way i don't know how you would do it but if you did in some way you would basically be getting rid of arbitrage which keeps markets in check and it would be will be

chaos basically so um so we definitely just want to focus on the negative externalities as i mentioned right but yeah if you want to learn more about this definitely give this blog post from hazu a read here i'll link it in the youtube description all right so just wanted to give a quick shout out here to obel network they are hiring for a bunch of different roles here across engineering community leads integrations protocol architects pro product leads and all that sorts of stuff here you can see right here all the roles on my screen if you're interested in working for obell definitely go to apply to one of these if you don't know what obel is it is a dvt or distributed validator technology uh kind of protocol working on uh ethereum staking related uh um

architecture resilience taking related products not uh out yet not available to use yet they're kind of um definitely waiting for the merge i think to be able to to launch um but that you know that means it's still early it's still still a small team you can kind of get in there and kind of like work for a startup that is very very promising now i should disclose i'm an investor in oval i i think i need to just have like uh i'm laughing because like i always say that and i feel like i'm being annoying but i think i should just need to have like a website where i list everything i'm an investor in so you guys can go check that out rather than me always talking about it but i mean i'm an investor in it because i think that what opal is

building is key critical infrastructure for ethereum and obviously for ethereum staking and i think it's much needed now if you want to know what it is and how it all works i've got this video here for you that is time stamped to uh to kind of like ober's talk at devconnect here definitely go give this a watch it goes for about half an hour it goes for half an hour so if you want a 30 minute quick kind of like rundown of what obel is before you apply for the role just to kind of like get your head around it uh you definitely give this give this a watch here and see if you're even interested in it sometimes people just aren't interested in things but you should definitely check that out there um and on this note as well just got a couple minutes left here i just feel like i

should give another reminder guys like obel obviously is not the only team hiring every team he's hiring it maybe except coinbase right i'm sure you guys saw what happened with coinbase um that was really bad actually them putting fort offers and then rescinding the offers after they just hired like three and a half thousand people and then now they're just like oh god we gotta stop hiring people i don't know that was weird to me but um just in general like i would say like most teams are still hiring especially the ones that were able to raise before i guess the last few months of the bear market they're definitely uh still hiring so definitely go check all of that out obviously you guys know about the cryptocurrency jobs website that i always talk about you can go check that out for the latest and

greatest but yeah you don't have to just limit yourself to one project or one kind of like sector category there is plenty of things for you to kind of like do there um and on that note as well uh i spoke about fundraising especially for like private markets i'm actually seeing a positive trend right now in the private market fundraising the rounds are coming down the valuations are coming down and the reason why this is positive is because the private markets were still too hot the bet the public markets have obviously cooled down a lot but the private markets being too hot actually made me bearish still and i remember talking about this with you guys i think a few weeks ago that i was i was like super bearish that the private markets just still weren't coming down in valuations and in what people could raise you people were

raising you know 100 million plus for like game five ideas that just just just looked stupid right but now a lot of those things are coming down it's becoming harder to raise it means that money is becoming more expensive right we have like all that cheap money coming but now money is becoming more expensive it obviously plays into the global kind of macroeconomic environment as well but this is really positive i think very very positive it's still going to be a while before we see kind of like the you know the bullish vibes come back to the the market and things like that but this is the stuff you want to see you want to see valuations coming down on these things because i mean even during the bull market they were absolutely ridiculous made absolutely no sense so i'm very very happy to see that

um but yeah on that note i think i'm gonna end it there 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