firat.sertgoz
@sarifirfir123
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co-founder and junior technology officer @nufflelabs , prev @NEARProtocol
Joined April 2022
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Pinned Tweet
While we were developing Nuffle Fast Finality Layer at
@nufflelabs
, we had this vision: We wanted to grab security from multi-chain native assets, and based on the state root we are attesting to, reward the retakers accordingly.
Today, we introduce Nuff Protocol, by
We are extending
@EigenLayer
beyond
@Ethereum
L1.
Restake from anywhere.
Reward from anywhere.
Accounting on
@EigenLayer
.
We are building the Nuff Protocol,
The first universal restaking protocol.
This brings fundamental benefits to the restaking market:
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Never leave your L2, interact with any chain.
We are enabling NEAR DA using L2 users to achieve that through chain signatures.
Let's dive in to see how it works under the hood 🧵
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I am extremely excited to start our journey for Nuffle Labs! Thanks to all the amazing supporters including
@ilblackdragon
and
@ElectricCapital
. I cannot wait to share the Nuffle Trilogy with the world. ‘Nuff said!
Data Availability? Fast Finality? 'Nuff for everyone.
NEAR Modular is now Nuffle Labs.
We've secured $13MM in funding led by
@ElectricCapital
, participation by
@CanonicalCrypto
,
@fabric_vc
,
@caladanxyz
,
@blackdragon_vc
,
@robotventures
,
@LyrikVentures
and
@NEARFoundation
.🧵
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NEAR DA 🤝 AI
Kudos to the team enabling truly Open AI development with highly secure and affordable data availability on
@NEARProtocol
.
🟦🔌[NEAR DA] 🏁
RSS3 VSL is excited to be the 1️⃣st rollup LIVE with
@NEARProtocol
Data Availability - gas is now 90%+ cheaper 👀
Can't wait to see how micro txns heavy
#AI
DApps of RSS3 ecosystem would thrive in this optimized environment 🤖
Together we build truly Open AI.
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Working with
@ilblackdragon
and being mentored by him is one of the greatest things that happened in my professional life. I've learned so much as an engineer and as a new founder from him.
Having him backing us is incredibly inspiring and I'm looking forward to our collab!
We're excited to spin out NEAR Modular, including NEAR DA and the NEAR Fast Finality Layer, to become
@NuffleLabs
.
These products bring the speed, cost-efficiency, & usability of
@nearprotocol
to ETH rollups and beyond. NEAR DA is the best DA solution on the market.
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Redundancy is a key pillar for any scalable software.
Very happy to be part of
@MantaNetwork
MultiDA as
@nufflelabs
🔱
#MantaPacific
, the largest Modular L2, introduces MultiDA, a first-of-its-kind innovation to enhance network resiliency.
MultiDA builds redundancy by leveraging top DA services including
@CelestiaOrg
@eigen_da
@nufflelabs
@0G_labs
@nubit_org
and
@dill_xyz_
.
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Congrats to the incredible
@NEARProtocol
team for delivering this major chain abstraction milestone!
In the right hands and with right use case MPC/TSS technologies can create industry defining products.
Chain Abstraction, the final frontier
The day has arrived. NEAR Protocol’s Chain Signatures tech has moved into mainnet.
We’re ready to move forward. Together. To a Chain Abstracted future.
It’s time to tear down the barriers to entry, liquidity, and usability.
Cont...
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9/ What use cases excite you? Security considerations? Drop your ideas
👇
Read the full article
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1/ Chain Signatures is live on NEAR Protocol mainnet! This is a game-changer for NEAR DA and L2 interoperability.
Let's break down the tech and implications in simple terms.
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Super pumped to bring this roadmap to life.
I’m starting a ‘Deep Dive’ series on the roadmap starting next week.
> First topic: NEAR DA and Stateless Validation
Stay tuned!
The Nuffle Summer is here ☀️
Today, we are realising our expected technical roadmap!
Learn more here 👇
…
P.S. We will follow up with an explainer thread in the NEAR future.
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3/ How does it work?
It uses something called Multi-Party Computation (MPC). Imagine a group of people each holding a piece of a puzzle. They can work together to solve the puzzle without ever showing their individual pieces.
That's MPC in a nutshell.
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2/ What are Chain Signatures?
In simple terms, it's a feature that allows NEAR Protocol to sign transactions on behalf of accounts (including smart contracts) including other blockchains.
Think of it as having one account to transact on any chain.
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people are memeing this, but this is actually not a bad idea.
its basically using a highly valuable asset as collateral. the problem is how do you slash it? can you fractionalize IP?
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Restaking and actively validated services are one of the most important innovations that is shaping up this cycle lead by EigenLayer.
There is a huge amount of innovation waiting to be unlocked. As we see more restaking protocols emerge, we will see crypto-economic security
we are shouting about the fragmentation of liquidity all over the place.
how about I tell you the same is happening to cryptoeconomic security?
it's been less than a year, but I still see so many different restaking protocols, liquid restaking protocols, etc
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8/ Why is this a big deal for NEAR DA?
It shows that DA layers can do much more besides providing reliable DA. By leveraging NEAR's execution capabilities, we're redefining what a DA layer can do.
It's not just providing data availability, it connects blockchain worlds.
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After an incredibly packed week in
#EthCC
, we are ready to start our deep-dive series! We will begin with NEAR DA and Stateless Validation and how it completely changes the DA landscape 🧵:
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@VitalikButerin
@rushimanche
We called it fast finality layer, which indeed gives preconfirmations with restaked assets!
very useful construction for a lot of use-cases
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4/ Now, here's where it gets interesting for NEAR DA:
L2s using NEAR DA can use Chain Signatures without leaving their layer. This means L2 users can interact with other chains directly from their L2.
It's like having a universal remote for all your blockchain interactions.
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Incredible results from switching to NEAR DA for
@rss3_
Looking forward to the future of decentralised AI!
2 weeks post
@NearProtocol
DA integration, wondering how the RSS3 VSL is doing?
95% lower costs 🔥
Future of decentralized
#AI
should be competitive 🤖
Excited for the possibilities NEAR DA has brought to RSS3 🟦🐉
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5/ The technical flow:
• L2 user submits a transaction
• It's included in a NEAR DA blob
• NEAR DA contract decodes the blob
• Chain Signatures signs the transaction for the target chain
• Transaction is relayed to the target chain
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The only PMF in tech is to make things easier for humans. Every gadget, app, protocol that you use on a daily basis is there to ‘make things easier’ for you.
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6/ What can we do with this?
• Manage accounts on multiple chains from your home L2
• Participate in cross-chain DeFi without leaving your L2
• Execute transactions that span multiple chains in one go
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7/ Current limitations:
• Only works with ECDSA chains for now
• Relies on external relayers to submit transactions
• Need to find someone to pay for your gas
These are things that NEAR Protocol and Nuffle team are collaborating on!
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cryptoeconomic security, risk tolerance, insurance and bonding are some topics that we have been researching at
@nufflelabs
.
with
@dndlllll
, we've spent considerable time thinking about how to speed things up without introducing new security assumptions.
a lot of ideas that
@keoneHD
@yangl1996
@BanklessHQ
I feel like focusing so much on "a full node" of an L2 is missing the point?
The key question from a user's perspective is: what level of assurance do you have that your transaction is accepted?
There are two levels:
1. Bonded sequencer preconfirmation:
EITHER your
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Fragmentation is a natural process when markets are maturing, however, it should not be detrimental to the market participants' experience.
In our first-ever research post, we give an overview of what a unified security layer means for participants in restaking ecosystems and
Restaking summer is here with a Cambrian explosion of restaked security systems 🌞
There is, however, a growing fragmentation of crypto-economic security across different blockchain networks.
Introducing
@nufflelabs
's first research piece: A Unified Security Layer 🧵
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@dejavucoder
@Jobvo
It’s very convenient to stay in one unified interface from a cognitive standpoint.
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I have tinnitus in my right ear because I aped my net worth into GME in 2020.
I'm ready to have it my left ear too.
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Looking forward to discussing modularity and what’s next!
Can modularity alone solve fragmentation, or is there a hidden key we're overlooking? 🔑
Join us and other experts from
@nufflelabs
/
@NEARProtocol
,
@AvailProject
&
@Kairos_Res
for a discussion on modularity & beyond.
🗓️ June 20, 4:30PM UTC
RSVP here ⬇️
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@KyleSamani
Calling DA worthless is an unfortunate claim. The total security of any system is as good as its DA layer, especially when we are talking about how the current L2s work.
Calling it worthless is the same as saying optimistic rollups are fine without fraud proof mechanism enabled.
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@VitalikButerin
@keoneHD
@yangl1996
@BanklessHQ
wouldn't something like stateless validation be a good alternative to this? I guess you would be limited by bandwidth in this case.
if the underlying data structure is something like a verkle tree, a stateless client could validate the transactions and the 'full-node' in this
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@AbramSymons
@eigenlayer
If the smart contract apps as restaked apps can tap into the liquidity (which they can), this will be the new paradigm.
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@ayyyeandy
It’s not problematic at all since state transition output is the thing that enables interop. Unless DA layers somehow create a lock-in mechanism (which would nullify the whole point of DA), this will not affect interop.
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Supersight 🤝 NEAR DA
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@FigoETH
EigenLayer allows any piece of software to be verifiable. The possibilities are endless, any web2 thing can become web3, it's wild!
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Decentralize everything!
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@avichal
@ElectricCapital
Ha, this is a good idea! Couple of things that you can do with crypto-economic security here:
* You can potentially speed up the bridge by not waiting for the finality on both sides. (Operator takes the risk)
* Underwrite the consensus risk of ETH with some other asset ( BTC,
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@samkazemian
I think just like internet, asynchronous systems in web3 world is also inevitable (call it shards, chains, layers).
The important thing is to make sure that these asynchronous systems, as they blur for the end user, offer comparable security levels. When we achieve this, it
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@Ismael_H_R
@nufflelabs
@mraltantutar
Very bullish on
@lagrangedev
. Truly important technology to create verifiable web.
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@BruestleJeremy
This will stop being a problem when cost of running the proof gets low enough.
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@ilblackdragon
@artemis__xyz
Very happy that this protocol feature is getting the love it deserves!
dApps sponsoring user tx costs is a great way to bootstrap applications
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@ben_kurrek
Yeah that is correct - you cannot put existing accounts to the MPC network AFAIK. However the account can be created on the fly when the transaction lands on NEAR DA.
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@DoveyWan
The key here is to find a way to figure out how much security you need per unit of work. Once you can figure that out, you can dynamically borrow/buy security.
I believe we are in the early days of the balance between supply and demand. Demand side will catch up when its easier
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@gmsanketagarwal
@sreeramkannan
@soubhik_deb
If you liked that check this one out too
I really enjoy reading papers from Eigen gang. Super informative and innovative.
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🐉 🐉
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People should study this paper from
@sreeramkannan
@soubhik_deb
et al.
It addresses a very fundamental problem in the multi-chain world, how do you move assets with unconditional safety between two security domains.
Incredibly powerful primitive.
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Time to decentralize AI.
What did Illia see?
It’s time to reclaim your sovereignty.
NEAR was built to ensure every individual has true and complete ownership of their assets, data, and power to choose.
Today, we sit on the precipice of the greatest threat to our self-sovereignty; the concentration of
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@gajeshnaik
I have been thinking about this a lot actually. There is a potential incentive problem since it might create sell pressure if you do dual quorum with l1 token BUT you can definitely start an L1 like construction from scratch since you can just bootstrap your network with EL.
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@ethereumintern_
@0xNairolf
normies don't need to know, but the chad app developers will. Crypto economic security guarantees that a validated service will risk losing funds if they don't function the way they promise.
This means applications depending on these services will not wake up one day and see
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@ayyyeandy
you can for sure build products that leverage the same DA layer, but that does not mean that using the same DA inherently creates an interop problem.
with NFFL we started building with NEAR DA but we'll extend it so that rollups on other DA layers can also leverage fast
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@ekang426
@nufflelabs
@mraltantutar
One of the greatest community builders in the industry. We are lucky to have you onboard
@ekang426
!
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@knwang
I see chain abstraction more of a vision than the products/technologies/techniques themselves. Chain abstraction would be the superset of the rest in these claims.
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@ben_kurrek
@mraltantutar
@NEARProtocol
@nufflelabs
interesting - do you have docs somewhere?
I think the trick with the DA approach is that L2 users can use their existing '0x' accounts to interact with chain signatures without leaving their L2.
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Ship ship ship 🛥️
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@chopinframework
Ah I see, cool! Providing some on chain slashing/rewarding to the committee members would make this system quite robust actually (AVS style)
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@therollupco
@CelestiaOrg
@AvailProject
@eigen_da
@nufflelabs
@SunriseLayer
Ser
@nufflelabs
has been mainnet since November, what do you mean by ‘release’?
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@ShivanshuMadan
I would advise you to take a look at StakeSure: . It’s a very interesting construction from
@soubhik_deb
et al. that talks about how we can move assets between two different security domains (different L1s in your case) without consensus risks.
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@rushimanche
@toghrulmaharram
gmove, respect for trying new things. I think the confusion is coming from the naming.
if your canonical finality is driven by the restaked validators (basically an AVS), you are no longer governed by the L1 since you can move assets without L1 consensus.
this is fine if you
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Locked in
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@chopinframework
Are you looking to have some consensus around the execution of the STF here? What will the committees sign on?
It’s quite interesting, I’m trying to understand the intention behind it.
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@ayyyeandy
Why do they need to be L1s though? If you are doing interop between two different security domains, what is the incentive to involve a 3rd security domain at all?
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@ayyyeandy
@rushimanche
Seems like the deep-link didn't work. Search on Contract rewards section.
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@gakonst
if you extend this to p2p, it could be a use-case. We are thinking about implementing this to our AVS (NFFL)
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@yq_acc
This is an exciting take. Lately, I've also been thinking about the limits of what we can do purely with a shared ledger or if everything needs to be a pure shared ledger system. I'm coming to the same conclusion as you.
IMO what is important is to have public validation of
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@ayyyeandy
@rushimanche
NEAR Protocol has been doing this since the beginning. You can check it here , would be a good inspiration for economics design for L2s.
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@ilblackdragon
@jbrukh
On top of the acute need, we now have the tools to realise it much better than 2013 (zk, tss, re-staking etc.)
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@_0xNinja_
@ayyyeandy
What if you equate all chains security to the same level. Should the user care then? I think not. Transparency is not lost, you can always look because that's the promise of blockchains.
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Join us, we’ll be discussing chain abstraction with
@mayurrelekar
!
📺Get ready for our first Twitter Livestream with
@sarifirfir123
, Co-founder of
@nufflelabs
, where we'll break down Chain Abstraction, its different approaches, and benefits for both devs and end users.
🗓Tomorrow, June 28th, 4PM GST
🎙Hosted by
@mayurrelekar
, CEO of Arcana
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call it fast finality layer
My brain is about to explode.
Bros just took out the defining component of a rollup and called it a day.
We're all just retards who spent up to 6 last years building fraud and validity proofs. Should have just slapped a Tendermint instance and called it a day.
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