Uniswap drama, 200k eth2 validators and more - The Daily Gwei Refuel #172 - Ethereum Updates

Transcript

hello everyone and welcome to another episode of the daily gray refuel where recap the latest news in the ethereum ecosystem i'm your host anthony sosano and today's the 26th of july 2021 all right everyone let's get into the news from the weekend so a bit of drama of the weekend surrounding uni swap which i'm sure you have all seen by now um unisop labs uh put out this blog post where they basically titled it token access on app.unisop.org and what they did with this move is essentially the unisop labs team made the move to remove a bunch of tokens off the uniswap labs interface the one that they officially managed and you can see the list of tokens here most of them are either open uma or synthetics

synthetic tokens that they removed from the interface uh most of them didn't account for any kind of like volumes on uni swap very little bits of volumes here but obviously you know uni swap uh labs do it making this move had people kind of like saying oh well you know unisop's not decentralized now like this is this is crap like he's a censorship blah blah all this sort of stuff and obviously that's not true it loses a lot of nuance here and we need to go through that and i will go through that because i want to make um the point clear here but i think that the overall point is that the uniswap interface is controlled and completely centralized uh by the unisop labs team it is not decentralized you should not expect decentralization from it you should expect at any moment that

interface to be manipulated censored it might they might block you from accessing it because you're in a country that that um you know he's not allowed to access it or anything like that um so you should never ever expect a centralized interface to uh to basically be censorship resisted or anything like that and that goes for every single d5 protocol everything that goes for everything on ethereum just because the smart contracts are decentralized doesn't mean the interfaces have to be they can be but the the app.unisop.org interface is not decentralized it is completely controlled by the unifop labs team now hayden makes this clear in his tweets where he says the unisop protocol itself is fully decentralized permission and permissionless and they are smart contracts that live on ethereum that is completely true v1 v2 and v3 of

uniswap are all decentralized and permissionless smart contracts no one can change them no one can alter them um you know everything is kind of like all good on those contracts and that also means that anyone can tap into them with an interface now you will have seen plenty of different interfaces over over over time that you've probably used besides the official uni swap one you'll use decentralized exchange aggregators like one inch you'll use matcha you use dharma arjun the mobile wallet apps you know any kind of like app that taps into uni swaps contracts uh while not going through the uni swaps official kind of like interface uh just shows you that it doesn't matter what uni swap labs do with their official interface they can't dictate what happens at the protocol level and the protocol is completely

decentralized there is no one that can put in uh black product token blacklist or anything like that um but they can do that at the interface layer that's what we saw play out and on top of that the unisop interface can is actually open source code that lives on the unisop github repository where anyone can download that and actually host it themselves if they want to so you could download that if you know you know i mean that takes a little bit of skill to do this it's it's definitely not for complete beginners but you can download it and run it on your own machine and host the unisop interface on your own machine locally and tap into the uniform um contracts on ethereum and no one can stop you from doing that similarly you can host it on a you know a domain and then everyone can come and

access that it's kind of like a proxy proxy for uni-swap so that's the most important piece here is that just because the uh unisop labs front end is decentralized uh sorry is centralized and can be controlled by the the team and anything can happen on there doesn't mean that uni swap itself is centralized so i think that's a very important point to remember now in saying this this is obviously um not the first time something like this has happened it's not going to be the last i think regulators are going to be making more and more noise about d5 they already have been but it's going to get it's gonna get worse like and maybe worse isn't the right word but it's definitely gonna get um uh more heavy-handed regulators are gonna come in they're gonna say okay well

which parts can we regulate which parts um you know should we regulate which parts already fall under our purview things like uh trading um stocks or trading kind of like synthetic assets of stocks i mean that already falls under the sec's purview like they can already regulate that they don't need extra powers to do that but then you have all these other things like things that aren't considered securities like most of the tokens that exist today uh what's the kind of like regulations around that and i'm sure that's going to be coming there's going to be new legislation all that sort of stuff but that's just kind of like the us and then you have like all the other countries and they have different opinions on things you have like the eu has a different opinion on things asia has a different opinion on things

it's it's going to get messy and and it's going to be like a a regulatory landscape that that looks kind of like it i mean messi's i think the correct word here on the accurate way to describe it but it's going to look like a frankenstein really well when all is said and done because regulations usually do because different countries have different approaches to things um different countries are more heavy-handed than others uh yes there are kind of like groups that are that kind of like come together and they share like regulatory guidance and things like that but generally what i expect to happen is that things that already fall under the purview of securities regulators like trading of stock of stocks and equities that are already considered securities are going to get regulated first things like stable coins which pose you

know there's potential risk to government's plans to issue central bank digital currencies they're definitely going to come under regulatory scrutiny um leverage we're already seeing that play out and i've spoke about this before and we actually saw ftx and binance limit leverage on their platform i think binance has even removed margin trading for customers outside of um sorry no customers in like canada australia i think the uk places like that so regulators are definitely coming down hard on these sorts of things and they're going to go after the centralized exchanges and stuff first but then they're going to come for d5 they're definitely and i mean they're already eyeing away now for us to resist that we have to decentralize the entire stack it's all well and good to say that these smart contracts are decentralized but we

need the interfaces to be as well because they're going to go after any central points of failure whether that be the team the interfaces the infrastructure any of that sort of stuff that all needs to be completely decentralized and we cannot leave any kind of spots open for regulators to target because they will they'll find a way to do so now in saying that they can always uh target the on-ramps like centralized exchanges they can say okay well you can't withdraw assets from your centralized exchange to your ethereum wallet and that effectively kills a lot of d5 like straight up i mean that's not banning defy or regulating dfi directly but that is like a proxy where you know lots of people i mean pretty much everyone on boards to a centralized exchange and if you can't get funds off that centralized exchange well then you can't

get into d5 and you can't get into a theorem and you can't experience things now that would be the most heavy-handed regulation i believe that would be incredibly bearish because it would be very hard to get around that but i don't think that's going to happen at least in in the west maybe it happens in china i don't know it's funny because i don't really have a good view over over china and what's happening there i don't even think they would do something like that i i really think that the regulations are going to be more around i mean they're going to justify it by saying it's protecting investors but in reality it's probably just protecting kind of like the elites which is what i i reckon all financial regulations are for or at least most of them are for but they're going uh go after things

like margin margin trading and stuff like that they're gonna go after derivatives trading uh and basically say you know retail investors shouldn't be trading these products and you know i i've stated before and i've said it a lot of times that i really don't like most financial regulations but if we're being honest i i mean i can't fault like regulators for doing this because if you look at the way retail investors trade using margin trading and just being cowboys like really at the end of the day like what what do people expect like the people always want the government to bail them out when when things go wrong um not everyone but like a large cohort of people do and then they go knocking and then like politicians will run uh with election promises on on you know stomping down on crime and whatever and

like they'll they'll say something about crypto and you know crypto already has like a really bad reputation with like the mainstream so you have all this compounding stuff going on and i think we're just going to keep seeing that kind of play out here now i don't want to get too political with it but i mentioned a few weeks ago that once the el salvador stuff happened i believe that we entered the geopolitical arena of crypto which is going to be a lot um a lot noisier a lot messier and it's going to be a tough fight and i think you know over the past couple of months we've definitely um also entered the uh i guess like regulatory arena with d5 i think we're gonna see much more regulations uh playing into d5 here and i think that what lunashop labs done is just the tip of the iceberg so

let's decentralize the entire stack let's get let's stop relying on these centralized services uh to access the decentralized protocols and you know and let's distribute it too i mean there's decentralized and then there's distributor distributed means making it so that we have say 100 different centralized ways to access uniswap whether that be through various um mobile apps or or various kind of like other interfaces uh but let's also have some decentralized ones like things that are hosted in a peer-to-peer fashion on ipfs or other kind of like places like ah we even whatever stuff like that so let's let's do it all let's stop relying on just one centralized interface because uh that's how we kind of like i guess push back against regulators and basically defend against them

because they're coming and they're coming in a big way so let's let's do that that's kind of like an open call there and i actually think on the positive side this move from unit swap labs is actually going to encourage a lot more teams to get on this train i saw curve deploy themselves to curve.ether.link don't know if they actually i don't know if they deployed themselves over the weekend or if they were already on there but they tweeted about it so and i'm expecting to see much more of these um kind of projects doing this where they have like an ens domain and they deploy to ipfs and then you can access it uh you know from from that without having to rely on centralized service centralized domains or whatever or web services or things like that that is the path forward let's do that

if you should encourage like if you're part of a community you should encourage the team to set up to make sure they set up in a decentralized way for their interface because um of all of all that that's what's happened but i think we're going to see that play out over the next few months and i think we're actually going to see the end state be that a lot of new d5 teams are going to start off as dows because if you start off as a centralized company you you put like a massive target on your back so they'll start off as dows and a lot of them will actually have anon or pseudo anon founders and team members to to kind of like beat off regulations as well so big things coming i'm going to keep an eye on it i wouldn't say it's like

bearish or anything like that i would actually say it's long-term bullish because uh teams and and projects are realizing that they really do need to decentralize their whole stack to protect themselves so and what better way to do that than uniform showing the way right like everyone heard about this over the over the weekend so i'm sure a lot of people saw it but the funny thing is is that everyone was discussing it over the weekend and everyone was debating and arguing about it and now i haven't heard a peep out of it because the prices went up of like and things like that so it's it's very fleeting but let's not forget that just because the prices go up we we should we we we don't stop fighting uh you know full decentralization and we don't stop fighting um off these kind of regulators and

stuff like that but anyway i'm going to leave it at that for now on to some more positive news uh there are now 200 000 validators staking 6.6 million eight which is worth about 15.4 billion dollars and it's now securing the beacon chain this is this is awesome i mean i what else is there to say really that's 200 000 uh unique validators all staking 32 each to make up that 6.6 million or around 6.6 million um and you know that's all securing the beacon chain now in saying that the beacon chain currently is only coming to consensus on itself but once the merger goes through well then it'll be securing the ethereum network itself and we'll have 15.4 billion probably more than that i mean you know depending what the eighth prices and depending on how much ethy

stakes by q1 next year when the merge happens uh we'll we could potentially have much more uh dollar security here which is and we get and and justin drake spoken about this a lot on the bankless podcast but we basically get a better bang for your buck security too because if you think about it um it's it the issuance um and under proof of stake is much less than under proof of work and we have much more value securing the chain than we would in a proof of work system so just super exciting in general there um you know the there was some comments in the delegate discord channel about uh you know unique depositors to here and like how two hundred thousand validators doesn't mean there's two hundred thousand unique uh uh you people kind of validating here uh alunara in the discord channel

pointed out that uh he told he told me don't not to point this out on the refill i'm gonna point it out anyway because i think it's important but he said um the unique deposit address count is something like 40k though um which on average means that each unique person holds five validators um but that average is obviously skewed by big exchanges now i don't think each person has five validators because that would be that that's a lot of money right five times 32 eighth that's a that's a crap ton of money these days um so i don't believe that to be the case i think there's definitely a lot of individual stakers but it's gonna it's hard to get a picture of like i mean i mean i'm sure you can dig into the data but it's kind of hard to get a picture

uh or any at least an exact picture of what kind of like the unique validators looks like but generally i think that you know if we go back and look at the earliest stakers uh they weren't staking through service providers uh they were kind of like staking on their own so you can probably get a good view about that from the earlier stake is but then you'd have to dive into the data for later um later points in time and kind of remove the exchange remove the service providers and stuff like that um but again i mean i've discussed at length on the refuel and in my newsletter and on the amas about how i actually think that centralized services being a big part of like staking is not a big deal um i really do think that it's overblown as as as a big deal

i think that the i guess like the the incentives around staking in eth2 are gonna hold and the game theory is gonna hold um very strongly for pretty much everything except nation states and you know i i don't think the exchanges themselves are going to attack ethereum will do any funny business uh with their staked assets i don't think the service providers will but i do think that if nation states wanted to i mean the easiest way for them to kind of like take over the ethereum chain or at least you know screw around with that and the path of least resistance would be to take over a bunch of centralized stakers so for example if you could get um you know uh get a hold of like the majority of the network um you could basically uh go after like kraken binance coinbase

um and a few other providers and you could probably get i think you get 33 by just going after those which means you could start doing censorship uh on the network where you start censoring transactions that's not a huge deal like yes we want to be censorship resistant but if you were just censoring transactions well then the pro the social layer would reply would respond and the protocol layer would respond and would would probably fork out those stakers or we would basically as a community people would move their stake from those uh kind of like exchanges uh and stuff like that but even in that case like if the exchanges didn't let people move their stake well i mean the worst comes to worst something would happen on the protocol level to kind of get around that i believe it would be it would be messy

but that's what would happen but say they got to like 51 of the network which should actually be very hard for them to do well then they're depending on what they're doing they're gonna get slashed uh which obviously means they lose their stake or their or they're going to get forked out generally by their social layout so this is why i've talked about how having an extremely strong social layout within ethereum is the fact that um it is the thing that's stopping i guess like these kind of attacks at the end of the day uh and i've spoken about this before about hazu's blog post um about the onion uh the onion model for blockchain security and i spoke about this when i was talking about re-orgs within ethereum and all that mav stuff but essentially because ethereum has such a strong social layer i think we could get ourselves out of

any kind of attack at this point um so you know that that to me is like our basically the last line of defense and i think that line of defense would hold under pretty much all circumstances now in the future could this change of course it could you know the ethereum community could for whatever reason dwindle over time get much smaller and then ethereum just becomes like this minority thing that many people are paying attention to obviously i don't think that's going to happen and i don't see any signs of that happening but that is also a very um you know a real kind of threat down way down the line saying like 10 years for some reason ethereum didn't succeed uh and like everyone lost interest in it and the community is very small well i guess in that case maybe ethereum didn't didn't do what it was supposed to

do no one's using it so does anyone really care if it gets attacked anymore and then that's kind of like how blockchain dies really i mean we've seen this play out with ethereum classic where they've been 51 attack like three or four times and no one cares the only people only talk about it to like dunk on ethereum classic no one cares about it there's no one really using the chain at all uh and there's not building on it so really the social layer is incredibly weak and that to me is how kind of like i mean the ethereum classic isn't dead it's still got multi-billion dollar market cap for whatever reason but in terms of like um usage and things like that i mean it's it's completely dead like no one wants to touch it for those reasons so um you know there's kind of like two

sides there and i think that could definitely still happen to ethereum and bitcoin and any other network uh you know anything can happen but i don't see any signs of that and i and i do believe that ethereum is still going to keep growing obviously um over time and he's going in you know for the for as long as i can even imagine i think ethereum is going to remain number one and its community is going to keep growing so that is the most important aspect to me but anyway just wanted to point that that all out to you guys um and kind of like break that down but really exciting to see this i'm sure we're going to get up to 300 400 hundred you know eventually um uh with with a lot of uh more eth being staked as we get closer to

the merge and post merge i mean people are gonna see that apy spike up because fees uh the fee revenue that's not burned uh as part of one five five nine is going to be going there so i think that's going to be really cool as well but on that topic with one five five nine there it was a discussion on the all-call devs call on friday and it was agreed that the london network upgrade will not be delayed due to that bug on robston that i spoke about last week which is obviously really cool i did say to to you guys that at most i would expect like a one week delay um but you know at the back of my mind i was like i don't think there's going to be a delay i just didn't feel like the delay was needed given how small the

bug was now there was of course some drama around these people saying you know there should have been a delay um that you know it was safer to delay all these sorts of things but it's kind of like too late for that now i guess and you know i'm not saying the points are wrong but this is the decision that was made and it was discussed among all the core devs uh and you know london will go live as planned at block number 12 965 000 which is august 4th 5th depending where you are in the world i think it's like late august 4th for the people that are on august 4th and like most of the world is going to be on august 5th by that point um but it doesn't really matter about the kind of like date here that's why you just look

at the block number but that's still going to be uh really really awesome so eip1559 is almost here everyone uh and i was actually talking to some friends today about this i'm like i wonder if the narrative is going to change from people complaining about gas fees to people celebrating gas fees because now when gas fees are high people people you know are like oh my god gas fees are so high i i can't do anything ethereum is broken but then when the east starts getting burned from those high gas fees well people see the high gas phase and celebrate and be like oh wow yeah like all these eth got burned who cares if the gas phase are high bring it on bring on more high gas fees and i think it's actually perfect because this coincides with the roll out of layer 2 and the continued rollout of

layer 2 where more and more people are on boarding onto layer 2 and even side chains as well um uh so i think that like that that's just going to be a positive going forward which is which is a funny kind of like narrative shift but we're going to have to see how that plays out and speaking of like watching how much ether is getting burned muhammad updated his watchtheburn.com website it's now got a new simplified layout um https enabled so it's secure catching so geth catching and supports uh maynette robsten and gurley here so you can currently see uh there's a countdown here blocks remaining um so this is funny like i said august fourth fifth for one five five nine um on on my thing it says august 6. this is in my

i think is it my local time here it is ah man 5 16 a.m i'm not gonna get up at that time to watch one five five nine go live like i can't remember the last time i got up before 10 a.m maybe i'll have to make an exception but i hope you know that the time is actually variable because the block times are variable so you never really have an exact time until very close to the date and because of the difficulty bomb as well i think the difficulty bomb is going to start kicking in very soon um or at least like closer to this date as well so maybe that'll be like a bit later because getting up at that time is just not going to be something i want to do i usually go to bed at like 2 3 a.m so

definitely not something i want to do but definitely going to be watching this site all the time to see how much eight is being burned i'm sure everyone will be they'll be screenshots everywhere on twitter so i really like that mohammed has put this together and i can't wait to see the mainnet eth being burned as we go forward here so a wookie uh a wookie a wookie a wiki i don't know i never pronounced it right um i i even though like uh kevin's a good friend of mine i always fail to pronounce his surname so i'm just gonna call him kevin anyway kevin put a tweet out today saying that his biggest takeaway from ecc is that d5 is just a start and you can see this kind of like iceberg here with d5 at the top of the iceberg or the tip of the iceberg and then underneath

you have web 3 social networks the internet of jobs non-skew morphic finance public goods the murder verse nfts dows um it's funny because like i've been going on about this i guess like on the refuel in the newsletter for quite a while now yes defy captures most of the attention because of the fact that like you can make money from d5 i think that's a big reason why and defy is just like the dominant use case right now but there are more and more kind of attention being put on all these kind of things that that are outside of d5 and vitalik did a really great talk about this at fcc you can go watch that um if you just search kind of at google you can search vitalik um uh talking about uh things uh past day file

or or things um after d5 sort of stuff there and i'm sure you can find the link at fcc's youtube channel as well um but essentially we're seeing more stuff about like the internet of jobs right this is stuff like um git coin like with their um bitcoin grants and stuff like that cryptocurrency jobs as well has been doing a lot of great work there um and kind of like lots of all that different things there and then we've obviously been seeing nfts blow up like over the last six seven months like just massively i would actually argue that nfts are probably just as big as d5 at this point if not bigger uh dow's obviously making uh big waves because all the different projects are going i i actually becoming daos or they're launching as a dow first um you know public goods obviously clean

grants falls into that too the metaverse falls into nfts uh web 3 social networks we had rv announced the other day that they're going to try and build a decentralized twitter and non-skeomorphic finance which is what i didn't know what it was but um kevin kind of like detailed it here uh basically an example of this is the internet boom um for the internet boom is yahoo google which had the same mission to organize the world information yahoo took the skumorphic skeuomorphic route by putting library card catalog on the net google invented something new plus non-skew morphic a search box backed by page rank so essentially is a post-skeuomorphic is uh is what is built beyond i guess like the physical enabled by the digital and no longer tethered to the constraints of the old okay

so it's it's kind of like the same thing where amazon puts um you know uh i guess like i was selling books originally and then they went to like the ebooks right and then they were selling they were kind of like scanning books in and making books fully digital um and giving people like kindles to read their books with and everything like that so i guess that's kind of what that means there but yeah i guess i mean i obviously didn't get to go to ecc but this is the kind of vibe i got from like everyone and everyone that i talked to that went basically said the same thing that defy is now just like one part of a much bigger thing and that thing is obviously ethereum and i'm really glad to see that because i don't think that ethereum is just d5 i do think that d5

is going to be uh still the biggest use case of ethereum even if it's just sitting in the background but we need to branch out and we need to spend more time on these other use cases which i think we have been over the last you know few months and i and i i expect that to continue on into the future so speaking of htc uh chris here put together a thread that he believed that the best talks last week in paris didn't happen during the actual conference but a a geth workshop that was organized by the optimism team so the short thread here going over a bunch of the technical details and what they spoke about and i mean it's a short it's a kind of like short thread so you can you can read it yourself but i think this is just pointing to what i

was saying before about how there's so many things happening within ethereum and you won't even maybe see that at the ecc conference you might only see that um you know at the side kind of like um meetups or basically you know even at like a bar with a bunch of smart people you know you might start talking about things or like just independent workshops and stuff like that so i just wanted to highlight these three because i think you should go give it a read um and definitely kind of like uh check out what chris is talking about here uh but definitely also check out all the hcc videos uh they're on uh hcc's youtube channel and everything like that um and i think it's funny because like even though i didn't attend i'm really glad that i could watch the videos but generally i think that a lot of

people don't really attend the talks like when i go to conferences i don't attend the talks i know they're going to be on youtube later so i watch them on youtube later but i go for networking and meeting people and and kind of like just exploring a new city sort of sort of thing and now that i'm saying all this i'm getting really sad because i won't be able to do this for a while but essentially that's why i think a lot of people go to these things so if you haven't been to an ethereum conference before i think i mean go to the talks you want to go to like the ones you really want to listen to but spending all of your time going to all the different talks i don't know if that's the best use of time i think that's a mistake that that

newbies make is that they think they have to go to like every talk and that's the main attraction of these things but really the main attraction is the networking and meeting people and exploring the city that you're in and stuff like that so maybe just like a bit of a pro tip there for all of you lucky people that will get to be able to go to all the conferences i mean i think there's going to be i don't have a calendar on me but there's plenty of conferences happening over the next 12 months in ethereum um and uh you know i mean 8th denver in february there's like 8th lisbon i think that's in like october or november or something like that there's going to be devcon i'm not sure exactly when that's going to be but i'm sure that date for that's going to be

announced soon and there's going to be like more and more events just like pocket events here and there as well um so yeah i mean a lot of you will be going to your first ethereum conference so that's just a bit of a pro tip to kind of like survive and networking don't get me wrong he's really tiring as well you're going to get really tired kind of um you know just talking to people all day i know i do uh but then there's the parties right the after parties the the the bars the drinking the events the side events the the everything like it's just insane right um but that's like the best thing about ethereum conference is i i believe so uh uh the ethereum on arm twitter account uh posted today that they were able to sync a pruned node uh which is essentially

still a full uh ethereum node uh running eragon on a raspberry pi 4. this is amazing i mean running this on a raspberry pi and people have been saying that you can't run an ethereum full node on a raspberry pi uh because you need kind of like a beefy computer to do so um but you don't need to anymore with aragon and i've i've highlighted aragon before which used to be known as turbogeth and about how they've been making amazing improvements to the to the geth client in terms of efficiency and effectiveness here and as the theorem on arm says this is a full validating node it verifies all blocks and executes all transactions that happened on the bitcoin bitcoin blockchain on the ethereum blockchain i don't know why i said bitcoin there maybe because i've had this argument so many times with bitcoin maximize but

anyway and all this is done on a raspberry pi here's the the data and the specs so this raspberry pi had eight gig of ram uh had a um solid state drive of one terabyte attached to it uh usb case um you can see here uh the always it was running was ubuntu running eragon um and the sync time was 17 days with a data database has a 434 gigabytes now obviously that sync time may seem like a long time but the point is is that you can sync this on a raspberry pi i mean the funny thing is about like making it easy enough people to run um like nodes and full nodes most people aren't going to run a full node on a raspberry pi right but if you if you needed to if you could only afford something like a raspberry pi

having the ability to sync the ethereum full node so that you can have your own copy of the blockchain you don't have to rely on anyone else is incredibly important but it also means that eragon's going to run even better on um just normal consumer hardware uh like just normal pc and it does i mean i've run eric on it it syncs really quickly i haven't kind of like taken too close on notice to what i've been meaning to just to see how quickly it sinks on my hardware but essentially it is leaps and bounds like ahead of i think the other kind of clients and it's it's really great to see that playing out so yeah i mean if you haven't uh run eragon yet or not running eragon i would suggest doing so we need to definitely make it so that go ethereum or the geth client

is less of the network and aragon is one step in doing that i think so definitely check out the aragon client if you haven't already all right last thing to talk about was seller network uh they released their c bridge version version one which is a multi-chain network enabling instant low cost any to any value transfers between uh within and across ethereum polygon arbitrary and other layer twos so i mean i've been talking to you guys a lot about how these bridges and these bridges are coming fast for different side chains and layer twos there's obviously connext and hot protocol um and now seller and there's a there's i think there's a bunch of others out there but essentially uh this is really awesome because this is now live and you can basically go to the seller sea bridge here connect your

wallet and transfer from funds from any of these chains now i'm not going to connect my wallet here but in this drop down you would be able to go from like ethereum to all these things like polygon arbitrarily uh optimism all those sorts of things there so really really cool to see this just another bridging uh tool from seller network here uh you know you can read i guess these blog posts for a deep dive into how this works and what they're using uh well they're basically using state channels to to achieve this and kind of like uh doing kind of like liquidity bridges between these chains as well similar to i guess what connects and hot protocol are doing but it's great that we have options i don't want there just being one bridge i want there being like a proliferation of bridges so

uh sorry like like a multitude of bridges that we can tap into which is i think really cool but anyway go read this post for a full breakdown of what's happening here and what seller network have actually released but on that note i think that's 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