indigo (grinding arc)
@_ndigo
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Spice dealer @BaselineMarkets
Chainspace
Joined June 2011
@unbanksyETH EUV is top invention of all time imo. AI, crypto and all other magic we've created are downstream of that.
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@toptickcrypto @Fiskantes @mewn21 @transmissions11 @alcueca I should post more, theres a lot of interesting discussions we have internally.
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Interesting thread about some of the things we're working on. People don't realize how much the structures we use for liquidity dictate the lifetime of your token. In the past, the ones in control were the market makers. Now its the XYK pool Next it'll be @BaselineMarkets
The sad state of digital assets today: - $FART ($2B peak) 📉 60% - VIRTUAL ($4.8B)📉 78% - ai16z ($2.3B) 📉 80% CT will blame wintermute but it's much simpler: liquidity structure dictates price action, and these tokens were deployed on launchpads using xy=k liquidity...
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Anyone have some info on how to use wallet/AA infrastructure for API authentication? Please share any resources!
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@optimizoor You are the compiler You are the compiler You are the compiler You are the compiler You are the compiler You are the compiler You are the compiler You are the compiler You are the compiler You are the compiler You are the compiler You are the compiler You are the compiler
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@VitalikButerin The difference in fee capture of L2 vs L1 is very problematic, especially if they're demanding more blobspace. Should L2 conglomerates be contributing more top-line fees to the L1?
Lets talk about BIG ROLLUP One thing I haven't heard anyone mention with L1 blob fee debate is the fee share given to BIG ROLLUP, ie OP superchain, zksync elastic chain, arb orbit etc Superchain is the largest, and has made 7.4k eth last year => ~$24.4M, and ~$49.9M over its lifetime Whats interesting is BIG ROLLUP gets top-line fees (ie straight from gas costs on the L2), vs ETH L1 getting bottom-line fees from blob price There's a dilemma for L1: increase blob fees and risk losing rollups (especially smaller ones) to other DA solutions. Reduce blob fees further and lose value accrual to the token If rollups need blob scaling and reduced fees, bribing ETH holders with some of this revenue would do well for their cause Direct a portion of BIG ROLLUP revs to either a burn, or better yet, borrow USD and do massive TWAPs ala saylor The fact is that L2 fees *are* extracting more than they are giving back currently, but they have the power to turn this around wyt
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