Aave v3 detailed, Rocket Pool mainnet date & more - The Daily Gwei Refuel #246 - 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 the 5th of november 2021 all right everyone let's get into it so i came across this post i think yesterday and i just got around to reading it today called ethereum powered zk roll ups world beaters now this post comes from cryptocunty here you can see his twitter account down here uh you can go check that out but essentially what this post does it basically brings together a lot of what i've been talking about over the last um probably two to three months now on the refuel a lot of the work that obviously paulina has has done is has um kind of like inspired this it seems but basically it seems to be a living and breathing document about how ethereum is

going to scale long term all the stuff that we've spoken out before like roll-ups and sharding data availability you know volitions validiums all that good stuff there but um what does in this post is just bring it all together in like a really easily digestible way and kind of explains the long-term vision and like how they see it playing out and all that good stuff there so obviously i highly recommend giving this whole post a read uh i'm going to be suggesting i'm going to be sending this to people that ask me from now on uh about kind of um you know what is the ethereum roadmap right what is the ethereum scaling roadmap i should say sorry and what does that look like when a fee is going to get lower all that sort of stuff there because as you guys know like i said the

other day there's still a lot of people who believe that fees are going to instantly be lower when this magical thing called e2 comes when that's not actually the ethereum scaling roadmap the road map comes in multiple phases you know at the most high level it's the it's kind of like uh roll-ups happening uh i guess like roll-ups happen in phases but like they're going to happen kind of across uh over the next few years as all this other stuff comes out but the first phase would be the merge going through and then the others is sharding and statelessness those those are the kind of like three big things that are happening in the ethereum roadmap the merge obviously doesn't do anything for scalability but what it does do is it basically gets us off proof of work onto proof of stake which

again um consensus mechanisms have little to do with scaling and i've seen actually i should pause here and kind of like hone in on this point here another thing that i've seen is that people seem to think that and it was kind of bizarre when i came across this but people have been saying oh all these other proof-of-stake networks are really cheap to use um so you know when ethereum goes to proof of stake it'll be cheap to use that is not how it works at all and it's i mean i get why people think like this because really there's no proof of work smart contract blockchains that ha i mean there i think there there is maybe uh one or two maybe um that kind of existed once upon a time but all the popular ones are proof of stake of course but that has nothing to do with

their scalability their scalability comes from other areas such as you know i'm sacrificing decentralization um you know centralizing nodes in order to kind of like have bigger block sizes in order to offer more scalability um that's what pretty much like all of them do but it's like it's got little to do with the consensus mechanism so i think that's where the misunderstanding is coming from where people kind of seem to think that these other networks are more scalable because they're proof of stake which which isn't true um but yeah as i was saying like the merge goes through first and then after the merge sharding and statelessness which i mean sharding works to enhance layer twos so does stateless uh statelessness to an extent but statelessness is is a much better much bigger upgrade for layer one in

general in terms of like scaling that up there as well so those are the kind of like main things obviously to focus on but this post kind of wraps that up uh in in a nice easy to digest thing explains the differences between the different roll-ups specifically optimistic and zk roll-ups and also around things like volitions and validium so definitely go check this out as i said this is going to be probably my go-to to send to people when they ask me about ethereum scaling roadmap uh because i think it's a really well-written piece and as i said it seems to be a living breathing document as well so i expect it to evolve over time so rocker pool has announced that they'll be launching on maynet again on the 9th of november so you'll remember that rocketpool had to delay their launch due to some critical bugs that

were found but they are going to be launching now on the 9th of november which is only four days away so really really close uh this is super exciting of course and you can read this kind of blog post here for all the details about it this is not a new blog post it's pretty much uh the same one that they put out back when they announced the original kind of um main net date but the reason why this is obviously so exciting is because rockapool is aiming to be the only or at least is going to be the only decentralized e2 staking protocol for for quite a while now they've got a bunch of different mechanisms of how they actually achieve this and there's blog posts about this you can go read all the details here you can see part one you know the overview

of rocketpool part two uh the protocol itself and the oracle node dows part three uh rpl token and it's economics and part four which is this article which is the launch details uh so obviously a lot of people in the community are very excited for this there is a very passionate rocker pool community out there which i um you know i've had the pleasure of conversing with a few times before they're really awesome people you know i think the rocker pool community really embodies the spirit of ethereum just like totally aligned with the ethereum mission um care deeply about the technology care deeply about keeping um you know er ethereum decentralized especially when we move to proof of stake making sure things like client diversity are respected making sure that everyone can participate even if they don't have 32 eth and making sure that's all done in a

very decentralized way so yeah i mean it's funny because uh obviously i talk a lot about people needing to solo steak like i i would say that if you have the 32 eighth you should definitely solo steak uh you shouldn't go with an exchange or anything like that but i mean 32 is a lot of money these days obviously not many people have that uh especially newer people like new people into the ecosystem very rarely will you get someone who just drops over a hundred thousand dollars on 32 weeks to stake so their only choice right now is to go through something like lido which is i mean it's still a centralized kind of system that they plan to decentralize over time but lido basically just splits up the stake into different staking service providers which is definitely kind of like centralized and then you have

centralized exchanges which obviously are very centralized um and these are the only options really for people right now who have less than 32 eth whereas rocker pools is is going to come in and basically say well you know we're offering an alternative and we're offering an alternative that plans to be decentralized and he's trying to be decentralized which is exactly what we want to see we want people you know we obviously want to keep the air proto the um eth2 protocol i guess like once it's merged it'll just be ethereum we obviously want to keep staking as decentralized as possible because it i mean i've written about this in the newsletter before quite a while ago actually but you know there's people that have concerns over staking and say you know staking is probably just going to centralize around a few big parties and you know i i think it i

mean to an extent that already has and this is just kind of like the natural kind of um progression of things unfortunately it happens in proof of work as well economies of scale kick in and it just makes more sense from that point of view as well but with proof of stake we have a very kind of like i guess a very special opportunity to ch to change the balance there because we can offer decentralized staking services there's also um you know in addition to rocketpool there's also things like obel network which are working on allowing users to kind of like have a hybrid approach where essentially they can do something called ssv which allows them to still retain control of their um their kind of like validated keys but kind of like delegate they're validating to another service so you know you could still

withdraw your funds uh out of uh kind of like that validator but you're still at risk of the validator going down or getting slashed from the service provider so there's definitely definitely a spectrum of solutions here um but that's what kind of like is so special about proof-of-stake but on the centralization note in the piece that i wrote i basically said that there are other mechanisms built into the ethereum are kind of like beacon chain that dissuade people from doing anything with the stake even if they've got like a large amount of stake obviously the biggest one of that is slashing so if you attempt to do something wrong uh or do something against the protocol rules there's a very high chance that you're going to get slashed now for example if a centralized exchange was to basically say well we have like you know

you know say they have like and i don't think any has has this at this point but say they have like 33 of the stake and say they want to start um kind of like doing some funky stuff with the beacon chain they're going to get slashed and that eath is not theirs that's their customers eat so imagine them having to explain to their customers why they actually got slash right it's because they tried to attack the network they've lost all this ethan they'd have to either cover it out of their own pocket or a lot of them would suffer you know lawsuits from all their customers even if they did cover it out of their own pocket there's a lot of like legal and regulatory risk there for these exchanges as well so that kind of like acts as a disincentive mechanism but then you know you can think about

other things like well what if the nation states kind of like took over these exchanges and basically got a hold of these validators and used it to do their bidding that's why we want it to be decentralized like we're not trying to defend against actors that we assume are going to be honest pretty much most of the time uh and it's been in their best interest to be honest we're trying to defend against nation states when it comes to ethereum's layer one protocol like i spoke about it yesterday ethereum for ethereum to be a civilizational trust anchor it needs to be able to resist even the most adversarial kind of conditions and that is nation states at the end of the day like huge governments huge kind of like uh uh kind of like well-funded groups that can potentially do damage to ethereum if it's not kind of um a run in

a healthy and sustainable way and yeah i mean that comes back to what rocketpool's trying to do by decentralize the stakeout further you know not uh stop people from having to go to centralized services in order to stake if they have less than 32 eighths so i'm super excited to see this finally go live on mainnet royal couple have been building i think since 2016. so it's been five years now they've i mean the team they're not just their community the team true ethereans like really really big fans of of those guys and really big fans of what they've been doing and they've been through a lot to get to this point i mean they had to basically rewrite their protocol when the beacon chain uh kind of like changed specs because eth2 was has been a pretty big evolving thing over time so so yeah deep respect for the team and

the community and excited to see this go live next week all right so the ef ecosystem support program has put out their q2 allocation update so in q2 they awarded a total of 7.8 million dollars to ethereum superstars including uh and then they're going to the list here it's a long list you can see the different categories community and education consensus layer cryptography developer tools layer 2 all this sort of stuff here and it's a long list of kind of like people that were able to to get funding uh some of the projects you may be aware of you can kind of see ethereum cat heard as i spoke about them the other day securium i've spoken about them before chain safe and eth2 team same with sigmund prime i'm just going to scroll down the list here i'm not going to go through them

all of course you can definitely check this out in the youtube description but yeah good to see all the core devs and stuff be fun that l2 beat as well you know you guys know i'm a big fan of l2b you that you can go donate to them as well if you want but yeah i mean this is just really really great to see that uh the ethereum foundation is putting their support out there for all these kind of like i guess public goods building on ethereum not just at the core developer layer but also the things that are sitting around it like stuff like securium and l2b and and kind of like other things like clr fund and rocky portfolio tracking and and and stuff like that uh sorry uh tax accounting software and things like that so so yeah i'm i'm really excited to to

see that these teams have been funded because funding is definitely this thing that a lot of people talk about when it comes to ethereum especially in the core developer layout where people say you know the core devs should be funded in in a better way right they should have like a more of a interest in the ethereum protocol succeeding there are a few things out there i mean the ef does a lot of stuff here obviously but a lot of the core developer teams are actually independent of the ethereum foundation there's another thing that i don't think a lot of people are aware of that exists right now and i think it is called actually if i bring it up here uh i think uh sorry i'm just bringing it up it's called opengrants.com and it you know on that website it basically has uh

a grant that was created by someone called james fickle i think his name was finkel or fickle um and he basically pledged over 3000 eth that vests over time to a bunch of core developers now i went to that today because someone kind of like highlighted it to me because i was talking to some people about like how do we actually fund these core developers ongoing with eth with vested eth and essentially this is investing over time and there was like 88 or something that that was ready to be released to these core developers and anyone can actually hit the contract and release it so i did it i just hit the contract i was like you know this 88 let's release it let's get it out to um the core developers that are on the smart contract uh and and they can kind of like claim it from

there now i want to do more than that like i've been talking to a lot of people about this lately i think that we can essentially harness the degeneracy within the ecosystem for good just like how klima dow is doing it where they basically forked the olympus dow kind of model and uh harnessing that kind of like speculative degeneracy as people like to call it to do good with it i think the same principle can be applied to ethereum core development funding getting a lot of eth into a kind of like a war chest basically having a smart contract that automatically does it all this goes back to what danny ryan was talking about the other day as well but essentially vesting it out to core developers to keeping them you know fully aligned and fully compensated for all the awesome work that they're doing now

there's a lot of logistical stuff to figure out here but i mean i think if myself and a few other big names in the ecosystem teamed up and we had all of you guys pushing it in the community we could we probably don't you know we could even just do a donation drive to begin with it wouldn't even have to be some kind of like uh ponzi app in order to harness that speculative stuff we could literally do um a donation drive outside of bitcoin grants and basically have like everyone pledge each like could you imagine if we were able to get like uh you know 10 000 people pledge you know one eighth each for for example right i know maybe we're not going to get to that point but there's a lot of people out there who have a you know a considerable amount of

ether at this point and if we can get you know it wouldn't balance out exactly like that but if we could get like ten thousand eight for for example pledged just as part of like a massive donation drive i mean that's a lot of money to send to these core developers that vests over time and then we can keep adding to that over time as well so i think we need to do that i know the ethereum foundation has a lot of money but at the same time then we should we should be kind of like working around them because they're a big organization they're already funding a lot of things they're slower to move sometimes as well so yeah i mean this is something that i'm i'm definitely i'm thinking about a lot more lately i will keep you guys updated on on if any

movement happens here i'm trying to get the right people on board and i'm trying to evangelize this to the right people in order to drive this home because uh it can be done it just needs someone to leave the charge and um who better than i guess like myself bankless defiant you know all those big names within the ethereum ecosystem to lead this charge and get this going because at the end of the day if we don't keep uh kind of like our core developers uh you know aligned with ethereum then i don't think that's very fair to them they're doing so much amazing work for the ethereum ecosystem and for the ethereum protocol they are the backbone of this ecosystem and they should be fairly compensated for that not to say that they're necessarily underpaid but they definitely do deserve more than what they get i believe

probably you know there's probably not enough in the world for the that they deserve uh they uh but the thing is if we can kind of like direct each to them i think it'd be really healthy for the ecosystem so i'll keep you guys updated on that but if you want to check out this allocation update definitely uh go to the youtube description it'll be a link there for you so are there v3 has been announced the v3 comes with a host of new features here um including the new portal feature high efficiency mode isolation mode risk management improvements l2 specific features and community contributions so what i wanted to focus on obviously you can go give this a read but what i wanted to focus on was two things the portal feature and the high efficiency

mode feature so what the portal feature is it's basically a way for users to take their other positions across chains you can see here that the portal sits in the middle and then you have all these chains everywhere such as ethereum polygon arbitram you know zk sync starkware and those kind of like the layer twos and and side chains and then a you know a bunch of other networks sitting around it as well uh so the way this kind of would work was that a user's supplied liquidity can be transferred from one network to another simply by burning a tokens on the original source network aj ethereum while minting them on the destination network eg polygon so it basically creates a network of interconnection built around this uh feature which is called a port now uh they uh sorry and then they say

here portal will be able to bridge across uh we'll be able to use bridge solutions like connects hot protocol any swap x pollinate and others that tap into the other protocol liquidity to facilitate cross chain interactions this is this is what i actually thought was really cool is the fact that they're not building their own bridge here they're tapping into bridging solutions that already exist so you could imagine like a connect or a hot protocol liquidity pool for these a tokens and you can send them across chains to different kind of like other instances and not have to close your position across different instances so i thought that was a really cool feature it does add more risk here and it kind of like begs the question about liquidity fragmentation and stuff like that but i think in the kind of like normal case or

in the longer term case it shouldn't be that big of an issue but definitely something to kind of like keep an eye on and see how it plays out for r there because it could inform a lot of other i guess decisions solutions kind of mechanisms within other projects and then the second major feature that i think that i wanted to discuss was high efficiency mode or e-mode for short so e-mode allows borrowers to ensure they are able to achieve the highest borrowing power with their own collateral the code allows rv governance to categorize assets based on the following parameters a loan to value ratio or ltv a liquidation threshold a liquidation bonus and a custom price oracle which is optional these factors will set each different asset in v3 in a particular category and then rv goes on to describe it here

e-mode provides provides borrowers greater access to capital in event in the event they limit which assets they borrow by category in other words in e-mode borrowers can choose the category of assets they want to borrow borrow a category typically refers to a set of assets pegged to the same underlying asset for example stable coins pegged to usd assets pegged to eat etc and there's an example here showing kind of like how this would work so there would be like a stable coin e mode where you can kind of like supply stable coins and then and then borrow stable coins within the same family uh there's an eighth e mode you know you can supply eight in the borough like st or all eth or things like that and then obviously a btc-e mode as well this is just enabling kind of like greater capital efficiency i think for

uh for for ave which i thought was really really cool i definitely does add a little bit more risk here as well i think because of the fact that you're taking maybe a lower ltv ratio and there could be like a higher liquidation risk stuff like that uh but still a cool innovative feature here and then you know there's a bunch of other features like isolation mode which is intended to allow other governance to enact risk mitigation features when a new asset market is created on the protocol so essentially allowing kind of i guess like isolated um permissionless markets to to form on rv which i thought was really cool and there's a bunch of other features here i mean this is a pretty detailed process you should definitely go check it out if you're interested but um you know i saw a tweet from

emilio today the one who published this post where he basically said you know for those of you who think that quote-unquote default 1.0 can't innovate anymore you should definitely go check out this post and this is exactly it like this is why i've always hated the kind of like defy 1.0 versus d5 2.0 terminology because it's just marketing terms at the end of the day like are there i mean all these bigger protocols they're innovating uh you know and they're doing some of the biggest innovations in the space i mean even unisop v3 did a huge innovation with concentrated liquidity which uh which a lot of projects seem to be trending towards in the amm space as well alve i mean are there is kind of like uh i guess rari capital kind of like their fuse pools was very similar to some of the

stuff that ave is doing here but ava seems to be incorporating it and going beyond i think the portal feature that they have is definitely unique so there's a lot of innovation happening not just with the newer protocols but also the older ones as well and it's funny that i say old ones rv v1 only went live like in at the start of 2020 so it's only been around for a couple of years at this point uh but i know like some of the newer d5 protocols have only been around for a few months but we're all kind of like building towards the same kind of goal here we're definitely all trying to innovate as much as we can and just because something is an older protocol doesn't mean it's not innovating so definitely just wanted to point that out but definitely yeah go give this a read it's got the full

details of rb3 here all right so greg vardy from the warp team at nethermind put to put out this blog post uh that the solidity to cairo transpiler now has uh composability and now supports composability so basically what this means is that uh the transpiler that i've been talking about before which is basically called warp that allows developers to transpile the solidity code to cairo code to work on stock net um now supports contract to contract calls which means that essentially you ca this is basically the final piece of the puzzle in in the transpiler which basically means that you can have like composability between all the contracts that exist on obviously on stock net and the contracts

that you have that already exist on on layer one ethereum as solidity so this is more of a developer focused thing but you can definitely go read the blog post for more information but if you're a developer this will mean more to you than then obviously otherwise but this is cool because i mean as i've said and as you all know starknet is due to go live in alpha fashion on main end of this month and i think you know once it's live once it's kind of like ticking along obviously there's going to be upgrades coming to stockinette itself it's going to be going through the alpha phases the beta phases and then the kind of like final phase over the coming years but what's really going to count is the apps right how many apps can kind of like um be deployed there how easy it is for

developers to transpile from solidity to cairo because uh you know if it's very hard for them to do that they're just not gonna not gonna put in the effort to do it uh especially in the earlier days so i think this is just really cool that this is already in time for stockinette alpha launch here all right so connects i announced today that they fi that they are that they finally support the ethereum mainnet so you can now transfer to and from ethereum directly from polygon phantom bsc albertum avalanche and xdi you can try this out at xpollinate.io uh obviously a lot of bridging news lately that i've been talking about but it's cool to see that connects one of the leading interoperability slash bridging protocols now supports the biggest ecosystem ever so however i should say in the crypt ecosystem right

now obviously the ethereum we all know and love so this is just another way for you to get your assets out and in and out of uh different kind of like evm compatible chains and evm compatible layer twos so definitely go check this out if you haven't already so immutable x's token uh is kind of like coming very very soon and their airdrop is now available to be claimed so you can claim your rewards if you are eligible for them at market.x.immutable.com using your layer 2 wallet now i've tried claiming mine all day and i keep getting an error and it keeps failing to claim and apparently this is like a known issue as a common issue apparently if you keep trying it'll eventually happen but i'm not i haven't had any luck there but essentially imx i mean i i don't know

because i haven't been able to claim it i don't know if it's transferable yet these tokens but i believe that they they probably are and there's probably someone who created like a maybe a unisop or a sushi swap pool or something like that uh but uh i'm not sure if there's an active market for anything yet but i'm pretty sure they're going live uh with this token imminently since they've kind of like done this airdrop claims process here so yeah if you're eligible this uh the website will show you so definitely go check that out it'll be linked in the youtube description below so uh this account on twitter called shrimpy put together a great thread on a cross protocol basically breaking down exactly how it works i just wanted to highlight the thread because i've obviously been talking about across protocol a lot lately one of those

bridging protocols that seems to be innovating a lot um so you know this this kind of like account gives a breakdown of uh how this works with l2 such as arbitrary optimism so definitely go read the read the thread here to to kind of get more details around across protocol um sanchen from the uh product team at coinbase has put together or at least released a video today uh detailing or showing off some of the nft features that coinbase is kind of doing on their own marketplace here so you can see the interface in the video um i think he's talking over this i haven't got any sound right now uh but essentially i mean you can go watch this it'll be linked in the usual description but i mean coinbase is much further along with their nft marketplace than i think a lot of people thought they were uh they seem

to already have like you know obviously connect your wallet sign in with um with coinbase wallet or other web3 enabled wallets i have like a kind of like nice little interface view here very similar to what we're used to on some of the other kind of i guess nft websites and stuff like that but i mean there's only so many ways to do something like this uh but cool to see that they're very far along now uh they're also looking for feedback uh you know obviously sphagnum as prime here i said uh they want you know um we want them to support l2s which of course we do not only on the nft side but we want coinbase to support l2s in general but yeah definitely go check out this video a full video if you want to get the full context around this it'll be linked in

the youtube description uh bitcoin grants around 12 has dates now so december 1st to december 16 2021 that'll be the last bitcoin grants round of this year to finish us out which is really really cool so um and then i mean awoke put out this announcement but he also kind of like followed up this teaser because you can see in the announcement image it's got like a kind of like a a kind of uh nature vibe to it or a solar punk vibe to it which is something that awoke has been going on about lately and then he goes on to say in his next tweet you all thought the solar punk thing was just a larp and then a winky face so seems to be something happening here i'm not sure exactly what but uh something exciting coming with git coin grants around 12 i'm matching round 12 which

i'm very much looking forward to and you know i talked about kind of like funding the ecosystem before uh specifically with core devs and things like that but obviously git coin has played an absolutely massive role and will continue to play a massive role in this kind of um i guess like uh in this initiatives but you know when it comes to git coin they're good as like a broad base or at least the git coin grants matching around they're very very good as like a broad base of not just kind of like one category of public goods but like all categories of public goods but i think that the the hyper targeted kind of like um uh donation drives or hyper targeted funding drives uh can do really well and can actually lead further and and kind of like be very successful in their own

right and i mean even bitcoin could even run these things don't get me wrong they could run it separate to a matching round they could they could basically leverage their user base and their expertise to help with something like this and i'm definitely going to going to be reaching out to the git coin people if something kind of like cements itself further with what i'm trying to do here uh but yeah i don't want to give people the wrong idea that uh we can't like involve get coin or that bitcoin is useless because we can just do things on our own no way git coin is a massive part of this whole public funding kind of ecosystem but i believe that more targeted funding of specific categories can go a long way especially when it comes to core development at the end of the day

so harry from my crypto here put out an interesting tweet thread where he basically goes through the security risks of just clicking any of just clicking links that kind of pop up on um on twitter so you can see harry says does this link take you to unisop question mark do you trust it because twitter says it takes you to uni swap why don't you click it to find out and you can see that the kind of like thumbnail here shows the classic unisop logo then it shows uni it shows uniswap.org as the url and then uni swap so this looks like a normal unisop link right there's nothing kind of like there's no red flags here you would click this without even having a second kind of like thought but then you go on to kind of like the tweet thread and and harry kind of says that this isn't

actually the real unisop website this is a different website you can see that um the different link here is twitter dash unfilled faker.herokuapp.com so it's not obviously not the kind of like uh the real uni swap and uh you know this is pretty bad actually because how many people can like get phished by by um uh i guess like scammers abusing this sort of thing where they basically pretend to be a site that they're not and you know unfortunately this is a big deal within krypton especially within the nft scene like the nft scene is obviously on boarding a lot of new people into the crypto ecosystem that are not familiar with the best practices when it comes to crypto they don't know that they shouldn't be giving their seed phrase or putting their seed phrase into anything uh ever because their seed phrase is

basically their private key at the end of the day it gives the kind of like um gives the attacker access to their entire metamask account uh and they don't know that they should be using a hardware wallet as well and i mean even if you use a hydra wallet and you give your seed phrase away it's going to be the same result like the attack is still going to get access to all of your funds so these kind of attacks are very very scary because of the fact that twitter just does nothing to flag this it doesn't show the user anything it just shows them exactly what uh what essentially is uniswop and and that's very scary so i mean harry's a good follow for following along with these sorts of things he always uh uh kind of like talks about this a lot always kind of like he's at the

forefront of protecting users from these new sorts of scams that's his job at my crypto he's part of the security and anti-fishing team at my crypto uh but yeah i just wanted to point this out for you guys to be more careful when doing a lot of things especially when clicking links on twitter just always kind of like check the url out url i mean even hovering over it is bad because you can't see it but in the bottom left it'll give you a url preview and all it gives you is the twitter shortened url preview which is like t.co such a bunch of random characters the best way to test for it would probably be to kind of like right click it and then copy the url and then paste it into your web browser without going to it and checking it out and

maybe even a safer way would be just to post it paste it into like a notepad or something like that just to check that it's the actual url and not uh you know a phishing website so stay safe out there guys uh you know make sure that you're kind of like using a hybrid wallet things like that because it's very very easy to get fished in this ecosystem and definitely never ever ever ever ever give you a seed phrase to anyone please that's like the golden rule never ever give your seed phrase to anyone never type it into your computer either it should always be written on a physical piece of paper or physically kind of like um or exists physically and and not online and not kind of like saved in a text file or anything like that please don't do that because as i said if if someone has

access to that seed phrase those 12 or 24 words they have access to everything that is on there it's basically your private key so definitely keep that in mind when kind of like you know spending time within this ecosystem is very very important and on that note that's going to be it for today so thank you everyone for listening and watching be sure to subscribe to the channel if you haven't yet give the video a thumbs up subscribe to the newsletter join the discord channel and i'll catch you all next week thanks everyone