Aztec Labs just concluded an offsite last week where we were dogfooding on the
@aztecnetwork
to be
We pushed the boundaries of cutting-edge public<>private applications to see what is possible on Aztec.
We split up in 5 teams and built a mini ecosystem amongst us 🧵
I did a thing 👀
Can you build private batch swaps on SUAVE and increase privacy by settling on
@aztecnetwork
? Yes you can! ⚡️🤖
BTW you get to see my super neat diagram (yes, I tried very hard)
❗️Oh and builders, there is some alpha in the post ❗️
🧵
🚨Hot take incoming:
Following blog post presents an interesting idea of using Cosmos inter chain security to decentralise Rollups with no tokens.
👉🏽Imo
@eigenlayer
makes way more sense.
Some thoughts on why 🧵
👋Hellooo CT! Got an announcement or two -
I have unfortunately left Reddit's awesome crypto team.
Earlier this week I joined
@aztecnetwork
to work on their L2 dubbed "Aztec 3". As of now i will be working on their contracts and some of the circuits!
A 2-part 🧵
In
@aztecnetwork
, the private state will work in a UTXO fashion (while public state will be like EVM).
But UTXOs are prone to concurrency issues. Just posted a draft covering the entire problem space, solutions used elsewhere and open questions!
1/ Celebrating
@element_fi
’s sweet announcement of raising 32M to achieve 320M valuation.
Everytime I met them, I realise even more how it is a huge mistake to think of element as “just” a fixed rate protocol.
The vision they have is genuinely exciting and beautiful
Today I was announced as an advisor to
@CalaxyApp
working alongside
@cooper_kunz
and
@SDinwiddie_25
(amongst other legends). A thread of why I am super interested in this and where I see this going... 🧵
Just finished a 4 day long offsite at
@aztecnetwork
!
Am seriously lucky that there was an offsite just after I joined - great way to force yourself to ramp up quickly.
A really high level overview of some of the things I learnt during the offsite and what we are building!
🧵
SUAVE is the most misunderstood project in all of crypto rn
If you, like me, thought SUAVE is just about block building across chains, you were so wrong.
Their chain lets you deploy solidity contracts, execute HTTP calls from the contract and execute everything in SGX 🤯🤖⚡️
Hey
@CoinDesk
, when did
@zksync
become “privacy focussed”?
Being a ZK Rollup doesn’t have anything to do with privacy.
To be clear - it’s amazing that
@Uniswap
is deploying on another L2, BUT why the false reporting?
Fact checking is basic cmon🤦🏽♂️
🔎 Do you want to be the first privacy focussed “Etherscan” of the crypto ecosystem
💰 Because I am thrilled to announce we (
@aztecnetwork
) are allocating up to $100,000 to help build an explorer for the upcoming Aztec Testnet.
Find more details 👇
🚨 Hot take: A fully private AMM would suck!
Okay not really, but DeFi is powerful because of its transparency. Can we retain its power while having privacy?
Here is some of my thinking on privacy focussed DEXs:
🧵
You can never be too good at optimising solidity code. And gas optimisations have been trickier with rollups since call data that was cheap on L1 is now expensive on L2.
So how do you use lesser call data - but specifically on
@arbitrum
?
Inspired by
@The3D_
and
@0x66726564
🧵
Think programmable cryptography is just FHE, MPC, TEE and ZK?
Think again
PS: I think predicates (like in Bitcoin or
@fuel_network
are uniquely suited for witness encryption.
Many privacy projects shutting down,
@nocturne_xyz
being the latest.
Building them is very complex - Technical, Legal and UX challenges At a whole another level
So here is a shoutout to
@aztecnetwork
for being so deliberate at each step and thinking things through. 🧑🍳👀
Hey
@CoinbaseWallet
why can't I connect my mobile app to my laptop's chrome extension
When I click on "I already have a wallet" on a chrome extension, it just lets me connect to ledger
Sure
@aztecnetwork
is building a privacy blockchain but the complexities of privacy don't stop us from shipping high-quality ideas
We are excited to announce a super-fast testing framework, analogous to Foundry. This may be a first in the privacy space,
👉 pronounced "trixie"
Congrats to Aave but let's not mislead:
"unprecedented scalability" - 1.3 TPS currently per
"security" - single sequencer and a multisig with a 24 hour withdrawal delay
"privacy" - 0 privacy.
🤡
Aave V3 is debuting on Era Mainnet, powered by
@zksync
, unlocking unprecedented scalability, privacy, and security while expanding the DeFi user base and new institutional use cases.
Aztec would be the first-ever L2 network that enables information asymmetry! You can write contracts in Noir and you wouldn't even know that you are writing ZK Circuits!
Also we are hiriiiing!
Today we're proud to announce the next generation of our encrypted zkRollup with the same name that started it all:
Aztec.
Aztec is the first ever hybrid zkRollup, enabling both public and private smart contract execution in one environment.
It's Ethereum, encrypted.
👇
I'm taking part in
@ethglobal
Paris as a judge! Can't wait to see what the community of developers, designers and creators is building this time for the decentralized future:
PS - If you work on ZK projects there, would love to talk about Noir 👀
So you think Aztec is "just" a privacy L2 anon? Fake news!
In Aztec, the same contract could have public state, private state & public methods, private methods!
To make things simple, you'd think private can't really read public and public can't really read private. 🧵
At Aztec, we have been working on
🔑 KEYS 🔑
We are excited to release some of our work into the sandbox.
Keys for privacy networks are incredibly complex! A user will have *at least*:
1️⃣ Signing Keys
2️⃣ Nullifier Keys
3️⃣ Incoming Viewing Keys
4️⃣ Outgoing Viewing Keys
Why? 🧵
Excited by
@Reddit
’s work with Collectible Avatars or seeing our Wallet cross 4M users?
My team is hiring a senior security engineer who knows Solidity to help us scale securely to a much larger audience! What we have done so far is just a start ;)
DM me if interested!
Shameless
@hedera
shill here:
Hedera’s consensus service is literally the easiest way to go from app to dapp.
Just have every database mutation go through HCS first.
This isn’t 100% decentralisation but it is a GREAT starting point!
The
@zkp2p
fiat onramp from revolut using TLS Notary is genuinely cool, especially when combined with Smart Wallets! Smart decision by the team to do it on
@base
Might do a thread soon on how it works 👀
If Aztec were on mainnet today, 100% something I'd push for!
Very very excited to have found that one of
@LiquityProtocol
’s frontend is hosted on
@dfinity
-
@waterslide_app
The sexy feature of IC is truly decentralized front end that can talk to different networks unlike traditional blockchains!
When I started at
@aztecnetwork
, I was naive to think that building a private dapp is just a normal dapp and make everything private
For eg if you have a fully private DEX, how does price discovery happen? How do you know volume? How do you track metrics like TVL.
1/14 Just wrapped up a fascinating 1-hour twitter space between
@aztecnetwork
and
@EspressoSys
on how we are approaching decentralised sequencing, Espresso's proposals and more.
Here are my key takeaways 🧵👇
ICYMI,
@aztecnetwork
is selecting a decentralized sequencer for the next version of Aztec
And
@EspressoSys
submitted two proposals for consideration
Join us for a spaces on Aztec's plans, Espresso's proposals, and the decentralized future of L2s 🤝
Have two fun posts coming up on the Flashbots forum this week and an exciting announcement from
@aztecnetwork
coming up
Gonna be a great week
Privacy fans and MEV bros may be interested 👀👀👀
I have some spare time and am considering building on
@fuellabs_
with
@SwayLang
.
Are there any ideas/grants people are working towards? Would love to help!
DMs are open!
Been taking a deep dive into KPI Options after I heard about range tokens through the $SUSHI VC drama! UMA literally gamified and tokenized management.
🎉THE NEW ARBITRUM NOVA BLOCK EXPLORER IS NOW LIVE, COURTESY OF
@etherscan
!🎉
Combing through your tx history after gaming or after socializing in your favorite Reddit community just got a whole lot easier! 🎮🫂
🧡🧡
🚨 As promised, my part 2 on
@aztecnetwork
, in preparation for my panel at
@EFDevcon
with
@jaosef
on what new paradigms unique L2s bring!
Here is Part 1, which I recommend you read before going through this one.
🧵 10 more things on Aztec:
(the last point is the best!)
The
@tferriss
x
@SamCorcos
podcast episode is one of those rare episodes that make you rethink a lot about your daily work structure and processes.
Levels using Loom daily for everything is such a life hack.
For people looking to break into crypto:
Don't FOMO in. Don't ape. Find one that fits your ideals. I worked in crypto for 4 years on the side. Most projects are in it for FOMO or $$$.
Crypto can be toxic and tiring. So make your choice after considering everything!
If I understand correctly
@Bancor
3 will auto auto-compounding of your yield by auto-staking the gains back in the pool?
This is crazy! Must needed UX for DeFi. Gotta read up on how they make it a thing!
People are very quickly realising that the 2017 meme of put everything on the blockchain is pretty much infeasible or useless.
Good to see
@LensProtocol
moving away from every post as NFTs into something else too (this is my read purely based on what I have read).
TLDR rollups don’t actually solve the inverse network effects experienced by any L1
You see it as soon as usage reaches any amount of meaningful usage 🙁
Execution continues to be a bottleneck…
Heads up, Optimists: there’s increased activity on OP Mainnet, which we expect to last over the next few days. As a result, users may experience intermittent congestion pricing and pay more than usual for transactions. Thanks to Bedrock, fees will still be relatively low.
Some personal news:
I quit Big Tech
#MANGA
(Amazon) to work in crypto full time
For months it has been a dream for me to type this. Now that I just got the new visa approved, I can't hold it back anymore.
Follow me for my next set of tweets on it!
Very exciting!
PSE is an inspirational org. Am very excited for the transition to building products with a clearer value prop!
Best of luck to
@samonchain
for the future and to
@barrywhitehat
for what he will do next!
🔥👷♂️Super HYPED to announce I will be a judge at ETHBogotá—
@ETHGlobal
’s next IRL event on October 7th-9th just before
@EFDevcon
.
If you want to experiment with the possibilities of Web3 in one of the most vibrant cities in LatAm, now is your chance! 🔥
5/ On the tech side, a lot of cool innovations happening.
A
@hedera
HIP by
@cooper_kunz
and me. This would create a custom fee relationship that can be charged by anyone natively on Hedera Token Service with minimal code for the developers!
Hot take 🚨
Crypto companies shouldn’t start fully decentralized.
That is the equivalent of going public on the day 1 of your startup.
I see so many DAOs launching before they created a product in the current hype cycle.
Some close experimentation is crucial first!
Can every problem related to blockchains be reframed into a trilemma?
RPCs definitely can be!
@olshansky
(& his
@POKTnetwork
puns) do quite a good job elaborating on this and how to decentralise the RPC layer!
Wanted to get a quick understanding of how most core applications work in Ethereum but vieweing their github is too complex?
@m1guelpf
's lil-web3 is actually so easy to read - has a simplified version of gnosis, fractional and more
Bd friends! 👋
Next 🌊 of tickets will be LIVE today at 5PM Lisbon time ⏰ (in ONE HOUR)
✅ Things to note:
- 5 tickets max/order
- tokens accepted:
L1: ETH & DAI
Optimism: ETH & DAI
Arbitrum: ETH
▶️
🚨📢 Solidity Auditors 👀
Tired of auditing soulless DeFi projects?
@Reddit
is looking for Solidity Security Engineers!
DM if you know Solidity (& EVM) and have AppSec knowledge
Other than auditing our contracts, you will also evaluate our overall security stance (DevSecOps)!
Crazy to think that I only started passively learning about L2s like 2 months back
And now my internship at
@ethereum
foundation is about integrating them into
#DevCon6
Testament to how easy it is to break into crypto.
Have fun breaking into Google with 0 experience.
I definitely concur. I started building on
@hedera
in my 2nd year of uni. Just interacting with
@HederaKid
,
@cooper_kunz
@paulmadsen
etc. and even watching their protobuf and java sdk repos taught me so much about Comp Sci and industry standards
The one thing you will be grateful for when you build on
@Hedera
is the extreme depth of knowledge within the team. One member who I have learnt from is technical lead
@paulmadsen
.
#Read
this blog post on
#POS
security, sheer brilliance!!
#HBARbarians
The Shanghai/Chapella hard fork presents an interesting case study of EVM Equivalency for L2s
L2s forked geth a while back. But I would think true EVM Equivalency would mean I can still use my L2 forked geth also as L1 geth.
This hard fork adds 2 new fields in the block header
I have been coding in
@SwayLang
on
@fuellabs_
for a few months now. Over the coming week, I will be tweeting out some fun things I have observed (and perhaps even some feedback for the awesome team at Fuel)
But first if you don't know much about fuel ->
Less than 1 month to the panel at
@EFDevcon
.
After 2 threads on Aztec, it is now time for part 1 of ten things I learnt about
@fuellabs_
!
🧵
As always, the best points are towards the bottom of the thread!
Aztec Software Engineer
@omw_to_the_moon
is an alum of Reddit Crypto and the Ethereum Foundation.
On August 30th at
#StanfordBlockchainWeek
, he's speaking
@1kxnetwork
Hacker House about Aztec's hybrid zkRollup and what to build with it.
Register here:
First time I heard about CowSwap (
@MEVprotection
), I thought it is another one of those stupid
#BinanceSmartChain
forks because of the name. Boy was I wrong.
Shout out to
@hasufl
for releasing his conversation with them!
Best “blue chip” dapps in crypto today, both organisationally and product wise.
I will start with:
@AaveAave
and
@Uniswap
Both of these have had minimal drama, a great product and a good team!
What are yours?
Does anyone know folks working on
@instagram
's crypto team?
I work for Reddit's crypto team and it is always fun to connect with other big companies working on the creator economy.
Appreciate the RTs!
Spending too much time on chain anon?
I have a life hack for you
Create an
@epnsproject
channel with your name
-> link your calendar to it
-> opt-in thru your wallet address
Now you will receive web3 notifications of birthdays and meetings
Periodic reminder:
👉 ZK doesn't need to be SNARK/STARK based.
👉 SNARKS/STARKS aren't ZK. In fact, almost all usage today don't use ZK. They are simply validity proofs
👉 SNARKS/STARKS can be made ZK by adding randomness across the protocol. But few use cases require it
And what most don’t see is just how much momentum the team’s execution has been picking up this past year. We’ll highlight a lot more of it next year. 🚀
Im thankful to be working with such a great group of people. 🙏
$POKT
#LetsFuckingGrove
🎄
Someone needs to grab
@jack
's
@bluesky
project by the collar & shout
#hederahashgraph
Token Service in its face!
@BlockchainRahul
can't you tell him to take his focus off
#Bitcoin
& start looking at the only option that makes sense? 😁
$HBAR saves Twitter!
🚨Account Abstraction buildoooooors (wallet builders or ERC 4337 champions)
Not being an EVM means we can tackle some of its problems such as enabling smart contract wallets, arbitrary scripts etc!
Aztec is discussing its approach to AA & we need your thoughts
On
@aztecnetwork
, Portals allow every L2 app to have their own counterpart on L1. So you could supply on L1 and borrow on L2 etc.
What if we use it for the recovery of assets while L2 is under upgrade?
For the curious and the hackers of Aztec Sandbox -
This is incredible!
If you are looking to hack on something that combines ZK with SUAVE, I am happy to help! There a lot of cool synergies with TEEs that are underexplored atm
One idea was private batch auctions using both TEEs and Aztec!
⚡️ Excited to announce our first public SUAVE Testnet: Toliman!⚡️
With Toliman you can build entirely new intent systems, auctions, AI agents, and more as a coprocessor to the Etheruem block production process!