Rachin Kalakheti
@rachinkalakheti
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building @twinexyz prev @stanford 🇳🇵
Joined February 2022
Multi-settlement on Ethereum and Solana has been achieved in testnet!. In this demo, we deposit SOL from Solana to Twine, perform a SOL to ETH swap on Uniswap deployed on Twine, and withdraw it back to Ethereum. The batch is then settled and finalized on Ethereum and Solana. This
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🔥 crypto trend moving from infrastructure helping create better applications (e.g rollups, blockchains, bridges etc.) to infrastructure helping create infrastructure helping create better applications e.g. 1 click rollups, @PrimordialAA’s infamous “@LayerZero_Labs is the line”,.
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Everyone’s busy building infrastructure (bridges, L1, L2, etc.) for applications. The question is who’s building those applications?🤔.
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Bridges bad.
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watching VC money flow only into infra only to realize no developer activity ever happening there (it’s a canon event, can’t interfere).
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The world is a blend of irrational social consensuses.
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Technology, Innovation, and Policy: Each of them dictates the other two!.
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Nepali Blockchain Developers rn:
JUST IN: 🇳🇵Nepal orders internet service providers to block #crypto-related websites and apps.
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Don’t tell me blockchain isn’t exciting. It literally combines some of the most exciting fields we know. - Computer Science.- Political Science.- Game Theory.- Economics.and many more!.
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The most abstract form of crypto is ‘trustless’ which will go on to make all human systems more robust and efficient as we know them.
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Glad to be working on solving DeFi's biggest problem!.
Liquidity fragmentation is DeFi's biggest enemy. We've been talking about liquidity fragmentation across chains, but there are MORE layers to it than we think and we have a solution! (Hint: @cedro_finance) . Read more… 👇.1/13
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Hot take: cross chain lending and borrowing is inherently safer than bridging.
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With the existence of @arbitrum's orbit chains and @Optimism's op stack, is this "new" thesis even new?.
Until now, blockchain scaling had 2 paradigms: Monolithic & Modular. Introducing the next one: Aggregation. A novel solution combining the benefits of monolithic & modular designs by unifying liquidity via safe, near-instant atomic cross-chain txs using ZK proofs. Feb Mainnet 👇
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if we mix horizontal scaling and vertical scaling, do we get diagonal scaling?.
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I think the debate around the definition of an L2 is overrated and the debate around definition of a bridge underrated!.
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Bringing a dead person back as a chatbot with their online history. We’re one step closer to making Black Mirror S2E1 a reality with ChatGPT. Crazy time we live in.
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Society loves the potential of the unknown more than the predictability of the known.
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the blockchain eco growing with innovative chains like M2. It’s getting more and more important to help them tap into global liquidity for max success. @cedro_finance is here for that!.Welcome to the club @movementlabsxyz !.
We're excited to announce that @cedro_finance is coming to M2!. Cedro is an omnichain modular liquidity protocol where users can lend and borrow assets natively across multiple chains. And using Fractal, our EVM to #Move transpiler, Cedro will be able to deploy natively on M2 🤝
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If you’re feeling low, remember you, as a sperm, were the only one authorized to sign a 1/1,000,000 multi-sig transaction with your birth as the output state.
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was trying out @RDNTCapital recently. To me it seemed like a single chain money market, can't find out where the "cross-chain" part is coming from. Maybe i'm missing sth. @IsaacRadiant help?
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Tldr?😂
You’ve all been lied to.
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@eigenlayer lets you lend ETH on Ethereum and borrow its utility/security on AVS (potentially another chain). @sreeramkannan @0xkydo
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Up and upwards!🚀.#CedroFinance.
The last 24 hours were INSANE!.We released our Testnet and our community started exploding🚀. The feedback is generally positive, and we are working on improving the shortcomings. The numbers are out, and it says we've PROCESSED 6,079 TRANSACTIONS in the past 24 hours!🤯
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Sad teens:
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@0xkydo the og version of bitcoin network where btc is capped at 21m will still be there as long as there's a node running it, even though the forked network might have a larger social consensus and hence more value. Similarly, if you create an alloy named gold2 with higher/lower supply.
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A little story on how we built Twine:. We’ve been working on the interoperability problem since 2021. To me, it’s the only problem that matters in the long term. I felt so in 2021, and I feel it orders of magnitude strongly now. Our mission is to make interoperability as.
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For example, we see a new cross chain message passing protocol announcement every day, but if everyone’s building this, are we left with enough builders building applications on top of them?.
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"will Solana or Ethereum be a better settlement layer in this multichain world?". Ethereum led the rollup-centric roadmap since it hit the limits of a single state machine the first, thanks to CryptoKitties. Anatoly wants to optimize Solana's execution layer to the limits of.
I think this sort of sums up my view. I greatly respect the Solana engineering team, and I think there's an argument that Solana is best-positioned for serving crypto as it exists today. But believing that Solana is the long-term solution is a deeply pessimistic view about the.
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@_weidai cross-border payment is a big big one, especially for underdeveloped counties. I’ve seen vegetable sellers in Nepal use USDT to pay their Chinese vendors because a) vendors don’t accept Nepalese currency b) there’s a government enforced limits to USD conversion c) it’s just much.
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prediction: Bitcoin L2s will make Volition cool again.
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The Dichotomy of Interoperability.there are roughly two paths to interoperability, either (1) a chain opts into an interoperability standard (AggLayer, Elastic chain, etc.) or (2) an interoperability standard opts into chains (LayerZero, Axelar, etc.). There's a tighter.
@divine_economy @0xPolygon I will answer to the best of my understanding — the @Agglayer team, pls correct if i'm wrong. 1) Can any current rollup opt in to Agglayer?. To opt in to Agglayer, you need 2 things:. a. You need an objective finality event that will signal to the Agglayer that your next block.
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i thought LayerZero was a bridge company🤡. jk. super based🔥.
Introducing Quick Merkle Database (QMDB), a high-performance verifiable database optimized for blockchains. • 2.28M state updates per second, 1M TPS (benchmarked transfers per second). • Benchmarked with workloads up to 15B (10x Ethereum’s 2024 state) and proven capacity to
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from the shitshow earlier this year to the mainnet launch, @EclipseFND has shown such insanse conviction to get back up and shine. it’s hard to not root for their success. congrats @0xLitquidity and co!.
one day i will write a banger about the eclipse team journey and what we are doing behind the scenes—but only when eclipse is a generational platform for developers and users. that day is most definitely not now. it's only day 1, and we're just getting started.
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Bryan is one of the few people that I look up to! he made interoperability cool with @LayerZero_Core. Excited to keep innovating and making interoperability cooler together! ❤️.
I met @rachinkalakheti almost 2.5 years ago, very cool to see people go the distance, pivot, think, iterate, and commit to building something. Long journey, excited to see him crush it.
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first they came for EVM, i didn’t say anything. then they came for SVM, i still didn’t say anything. Then they came for MoveVM, but no one was remaining to speak for me. @twinexyz 🤝 @movementlabsxyz.
Bringing programmable interoperability to @movementlabsxyz!. Users and applications on Movement can now easily access liquidity from all the major chains like Ethereum and Solana.
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@jayendra_jog @JasonYanowitz Im sure it was a parallel intent-based restaked modular zk rollup as a service.
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Jupnet would've made more sense as a multi-settlement L2
Jupnet, An Omnichain Network.
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Should apps on Ethereum L1 leave or stay?. An L2 is an isolated general purpose app deployed on the base layer (mostly with a separate sequencer). DeFi apps in the past cycle deployed on Ethereum mainly for two reasons, composability with other successful apps, and the massive.
What do you want for Ethereum L1 execution?. Do you want a useful L1 for some applications, or can/should the apps all leave and it’s fine?.
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@0xkydo And it’s probably better to have a few xchain applications that covers multiple L1s and L2s compared to forks of same kind of applications in all the L1s/L2s?.
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yoda blessed Twine is
Twine is a multi-settlement network that enables aggregation of chains for seamless UX and DevX *without any chain opting in*.
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@shaolin_flow @dymension @vistaralabs Was checking out the product. Looks cool, but couldn’t find the option to deploy a gf RollApp in ~5 mins. Help? ~15 mins works too!.
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@0xkydo Sequencer loses the stake it puts in the system, while the challenger wins either portions or full of that stake. Challenger also has to stake to make the game symmetrical.
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@PrimordialAA @IamNomad Perfect time to visit Nepal. Good weather and amazing scenery for hikes.
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@stonecoldpat0 @sreeramkannan I wonder if it’s possible to enable faster withdrawal from the rollup based on the amount being withdrawn? Like if a tx is trying to withdraw 1 eth, it could be finalized faster compared to say 100 eth.
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@ayyyeandy How lovely would it be if there was a modular unification on top. Maybe @cedro_finance?.
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Toly thinks Twine's cool. wbu anon?.
A single execution environment can settle to many DA layers at the same time and offer each one’s robust censorship resistant exit guarantees that are better than an honest majority multisig. Pretty cool I think 😎.
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@mteamisloading @BSturisky A more extensive essay around this coming next week, but the idea is to have settlement contracts on different chains that store and update the latest state of the L2. The main problems to tackle are state synchrony and reorg attacks, which is a longer conversation. There are.
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@arjunnchand @JumperExchange @lifiprotocol While crypto is going cross chain, @lifiprotocol goes cross domain/reality. to other protocols:
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@divyeshkrx 100% agree to this! The delta in depth and and frequency between lows and highs keeps increasing with time.
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@hal2001 @PrimordialAA "talk about decentralized governance while trying to stuff OFTs down Lido's throat".Oh man @PrimordialAA, you didn't take "permission" to deploy a token in an industry celebrating "permissionlessness". So wicked!.
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@Bananaplanet2 @stonecoldpat0 @sreeramkannan Interesting! I don't think liquidity networks are highly scalable for capital efficiency reasons, so fast withdrawal has to be implemented at the core fraud proof system itself.
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@eigenlayer lets you lend ETH on Ethereum and borrow its utility/security on AVS (potentially another chain). @sreeramkannan @0xkydo
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@0xkydo @eigenlayer @sreeramkannan Couldn't we argue that liquidation is there to prevent borrowers from purposefully doing wrong i.e. borrowing more than their limits for example, so in some way it is also endogenous?.
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@_weidai But how does caller verify the correctness of execution for callee’s response? Does that mean each rollup will have to run full node of other rollups?.
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@hrojantorse @arjunnchand but then capital efficiency comes at the cost of capital availability.
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