Arbitrum's big weekend, Lyra liquidity mining & more - The Daily Gwei Refuel #207 - Ethereum Updates

Transcript

hello everyone welcome to another episode of the daily grey refuel where we cap the latest news and ethereum ecosystem i'm your host anthony cesano today is the 13th of september 2021 all right everyone let's get into it so before i get into all the stuff that happened over the weekend i do want to give a quick reminder here that uh bitcoin grants matching round is still on so if you haven't done your donations yet be sure to do so uh it goes until september 22nd so you have a bit of time here but don't delay don't forget you know do it after you finish listening to the refill or maybe pause the refill and go do it now so you don't forget i'll be giving you periodic reminders up until september 22nd anyway uh but better to do it sooner rather than later but it's

funny in saying that i haven't done my donations yet but we won't talk about that i'll be doing mine soon but just make sure you know you get it done before the deadline here so that that 950 000 worth of matching funds goes to you know not only the projects that other people want to see funded but the projects that you want to see funded as well all right so i think the biggest piece of news activity you know i guess what everyone was talking about over the weekend was arbitrary now we all know that arbitram won the albuquerque one main net went live about 12 or 13 days ago now after i had been talking about it for many many months and really we had been teased for many many months but essentially the reason why it was talked about was because their growth absolutely exploded

across like tvl uh number of unique addresses transactions fear revenue it's just absolutely insane and you can see here that their tvl went to 2.2 billion dollars and really the majority of this growth growth happened within the last few days uh and it was because of i mean a few different reasons right like one of the biggest reasons was there was some massive kind of yield farms that got spun up something called like nyan farm or something some cat farm and a couple other ones out there the ones that we've seen on ethereum's layer one before uh we've all seen it right during d5 summer and and stuff like that as well so you know hundreds of thousands of eth got bridged into it and we we have this tvl spike up to over two billion dollars which which is absolutely insane and over uh and about 700 million

dollars was deposited in just one day so this growth has been phenomenal for arbitrary and i'm really happy to see them kind of seeing the success so far they hit their like main net transaction limits that they have in place like their training wheels which is hilarious they had i think 70 000 unique addresses so far uh use the user network which is which is pretty good um considering they've only been live for not even two weeks so far uh the fees that they're generating is actually quite amazing if i go here and look at their fees crypto fees that info has been updated to show their fear revenue now you can see over the last 24 hours they did 168 000 worth of fear revenue um and optimism is actually doing double that as well so there's been some on flow as well like

optimism got a bit of growth too i think people are realizing that that these layer two networks are now live because of arbitrary and they're checking out optimism they're checking out all the other ones like diy dx as well seems to be growing too i mean i've personally been using dydx more recently um for a few different reasons but it's so quick it's so amazing like i just these layer twos are awesome and people are just like sleeping on them still um but uh you know i think arbitrary is now like i guess ahead of optimism's growth here in terms of tvl and stuff like that but in terms of fear of a new optimism still making more and uni swap on arbitrary did over 30 million dollars of volume last time i checked over the weekend on either saturday or sunday and optimism has done

i think 15 million or something which is a record for both the networks which is just absolutely crazy there's a lot of activity going on and there's this thread put out here from gin covering uh a bunch of kind of i guess the arbitrary metrics and stuff like that and how you can get involved with arbitrary how you can bridge how long it takes what block explorers to use um you know how to how to chart different things and all that sort of stuff so definitely check out this thread it'll be linked in the youtube description um but i mean it's just been amazing right to see this to this growth of arbitrage and some people have criticized it or kind of try to diminish this growth saying oh it it all just went there because it went into like this ponzi farm or whatever you

want to call it and i kind of pushed back on that and i wrote some stuff about this in the newsletter today but i pushed back on that because what people are just moralizing now about what's a good project what versus what's a bad project i mean so what like i don't understand where this logic is coming from uh all the liquidity mining programs on uh the quote-unquote legit defy apps were exactly the same they were paying out token rewards as yield right as they called them in order to provide liquidity they had some of them had poor uh pool two some of them didn't which is i guess the more kind of like um hardcore pool where there's much higher chance of kind of like losing your money in but you know some of them had that and you know i i don't i don't really

see the fundamental difference here like to be honest but in terms of like liquidity mining programs and some people may say okay well it's more legit because there's this actual product behind it and then there's liquidity mining on top and yes fine that's fair but the principle still remains the same the whole point of liquidity mining is to attract liquidity so or not only has uh those kind of like i guess you can call them ponzi farms whatever you want to call them i'm just going to call them yield farms on arbitram attracted liquidity but it also has having an on flow effect into the rest of the ecosystem that's on arbitrary like i just mentioned unisop's volumes are on arbitrary marks are exploding sushi swap also i did a lot of volume on there as well i don't know the number of top in

my head but they did balances on there there's a few other stuff a few other things on there and there are going to be more and more apps coming so these people are already been onboarded they just came through like this yield farm or this ponzi farm whatever and it doesn't matter they're they're on arbitrary they're using it they're experiencing the lower fees they're adding to the network's kind of fundamental value here and they're actually um you know it's actually real activity so there's no point like moralizing here and saying well uh i guess like uh it was just to that ponzi farm it's just going to go away as quickly as it came it may but it may not and a lot of people may stay there because they're like well why would i go back to layer one when all when all i know all these apps are

coming uh i can do it cheaper on layer two so i'm just gonna stay here so it works as just a really great way to bootstrap a new ecosystem and a boot and basically free marketing which i think is really really cool so i don't really like the fact that people are trying to moralize this sort of stuff and saying what's good or bad um but i guess on that note about fees and cost savings chain link god had a really great tweet thread here basically the correcting the misconception that uh the transaction speed limit on arbitrary is capping the cost savings um but arbitrary isn't running at capacity yet as i've described before uh the costs are derived and i explained this on one of last week's refuels but the costs of um layer two fees are derived from uh the l1 security the l1 kind of

um call data that needs to be post sorry the call data that needs to be posted to l1 that is kind of like a fixed fee and i mean the arbitrary guys went over this on the bankless podcast you should go check out the podcast that they did there for a full breakdown of this but essentially i described to to you guys last week how the fees on layer 2 tend to get cheaper over time um for multiple reasons but one of the reasons is that you can share the load of the fees with kind of like more user sorry across more users as there's more transactions and stuff like that but that's just one part of the fee there is a fixed fee called the call data that needs to kind of be put onto l1 that doesn't get affected by the more users

out there so i i should have mentioned that last week i just forgot to i just wanted to keep the the um the example as simple as possible but the other uh uh the other costs associated with transactions can be uh spread out across like all the transactions on the network and as there's more transactions as there's more throughput the cost should come down over time up to a certain limit because you know this is the same for every single crypto network every single blockchain if the blocks are full then the fees are going to go up it's the exact same thing doesn't matter if it's another layer one or a layer two or a side chain whatever you wanna call them it's always the same thing if the capacity is filled up then people are gonna outbid each other to get into a block it's it's it it's exactly the same

across every network this doesn't fundamentally change if you're a layer two or layer one but what layer two gives us is increased capacity more bang for our buck because it basically uh allows us to do the execution off chain and do the settlement on chain which is the long-term road map of ethereum anyway so we're going down the right path but if you want more info on this definitely check out this thread from chainlink god here it was it was a really great breakdown um he does a lot of great threads especially around chain link but it's great to see him putting one together about about arbitrary here um and then dc investor had an interesting tweet because i had a lot of people asking me this as well and he says the best way to play the growth of l2's on ethereum is just to buy eth all

rollups must pay l1 fees in eighth for security and each l2 allows the eth-based economy to continue to grow creating more reserve demand for each and more opportunities for collateral use uh easy so i agree with with dc investor here i think you know i mean i saw over the weekend that for an hour or so there or a couple of hours uh the optimism bridge and the arbitration bridge i believe we're burning uh we're going to some of the top burners on the um ultrasound money leader board for for top burners and on top of that uh arbitrary is posting batches pretty much like every other minute at this point to layer one which also burns eth i think most of it ends up getting burned the fees that they pay and they pay two to three hundred dollars per

batch so you could say that just from arbitrary loan they're burning two to three hundred dollars per minute a minute or two or something worth of eight which is pretty cool because that adds up really quickly right a minute or two is not very i'm not very long time a lot of minutes in a day right um but i would also add on here i put out a tweet earlier today where i said i mean you guys know this i say this all the time like every crypto related project is going to have a token massive asterisks except that they're the league way i always got to put that down i tell you guys not gonna have a token guys but i'm talking like you know protocols like arbitrary optimism um all the other other layer twos that don't have one yet and stuff like that they're all going to

have a token it's just simple as that and not just them block all the apps that are tokenless they will i'm pretty confident about that i mean i don't have any special knowledge um they haven't you know these teams haven't told me if they're having a token or anything like that but i just don't see why they wouldn't like for a number of reasons so but in the meantime while they don't have a token eth is i mean the the best bet i think in my eyes i mean i buy a partly because of that reason but i mean obviously a lot of other reasons as well but generally it's very hard to get exposure right now i mean you could technically i mean matic is is a great exposure to a scalable uh ethereum ecosystem as well uh disclose disclosure i'm an advisor to polygon i'm not trying

to get you to buy matic but like i'm just thinking through my head about what tokens can you can buy or what things you can buy to get exposure to scaling and really i mean ether's at the center point of everything and not just because ethy's being used to pay fees and kind of like these layer two still pay fees to layer one but ethio's like the preferred use of as collateral within these layer twos just as it is on layer one it is used as a fee token on these layer 2s as well so it's just extra demand for eth at the end of the day uh so i think eve matic i mean there's probably a few other tokens out there that are kind of like sort of related i guess the seller network token because they've got the seller bridge um that might be something

i'm not telling you to go buy these things i'm just running through the ones that come to my head about how to get exposure to i guess like the scaling bridge ecosystem on ethereum there's not many plays right now but there will be in the future i mean zk sync already announced that they're going to do a token that's not a secret that's public knowledge um stock where optimism arbitrage might expect them to do tokens i just you know it's sometime in the future i don't know when it's going to be and i said that you should basically position yourself for an airdrop i mean the simplest way to position yourself for these air drops is just to use the pro the the projects like if you're on arbitrarium just use arbitrary use optimism use starkware and the way you use starkware is you use the

apps built on starkx like diversify immutablex um dydx all that sort of stuff i'm sure they will take that into considerations if they didn't air drops not even a guarantee that they do an air drop but i'm sure that they would um so if yeah if you want to be best positioned there that's something to to kind of do but at the same time while you wait for those kind of tokens to come to market you can always just i guess like buy eight if you want exposure i think that you can't go wrong with either really i mean not just for that but just for many other reasons at the end of the day like you guys know i'm in the trenches with you buying each every day no matter what the price is uh i and you know trying to stack as much way as i

can because long term i you know ethies probably ease to me is the the best risk adjusted investment in the space all right so the maker dow growth team put out a tweet thread saying that dye is almost ready to jump into arbitrary here so the maker protocol engineering unit are working to connect diet to arbitrarium's roll-up solution um they will conduct a final audit of the custom die gateway before launch so essentially this thread goes through like what arbitrary is and how it all works and everything like that and kind of like how dye is coming to it here this is really cool because the way maker seems to be approaching getting dye onto i guess uh uh layer twos and they spoke about this with optimism as well is that they're

creating these custom kind of like gateways in order to make sure that the die supply is consistent across all these different kind of layer twos and networks and things like that um and also if they launch on uh when they launch it's not if when they launch on these layer twos that the supply can be consistent across the layer two and the layer one networks as well so it makes a lot of sense to do that and they seem to be coming to albertum soon um and i'm sure they're gonna be launching on optimism soon if not if not uh they haven't already i'm not sure if they have or haven't already i mean there's too much going on in the layer two space to keep up with right now um and on i guess like this is probably the last thing about arbitrary uh ryan sean adams put out a tweet that

bankless has posted a guide called um uh the what is it a guide to arbitrarium essentially or the essential guide to arbitrary here so this guide was written by benjyov uh hopefully hopefully i said your surname right ben who's a bankless writer uh and the chair and the president of chapman crypto so essentially if you don't know where to get started if you don't know anything about arbitrary you know you're listening to me talk about it and telling you how great it is you can go check out this thread it'll give you a full breakdown of how to get in how to bridge in what to use what to do everything like that so this will of course be linked in the youtube description below i'm glad this is available because at the end of the day it's easy enough for me to say oh yeah

arbitrage is awesome just bridge in and do whatever but like people need to be pointed of what to do i can't just say do whatever you need to actually know what to do or what you want to do on there obviously the the kind of like uh the simplest things that is is kind of like using unit swap using sushi spot but there are a bunch of other stuff on a bunch of other things on there and of course you can go to portal.arbitrom um to to kind of like check out what's what's on there i can't remember exactly what the extension is for that website there's portal.arbitram.something um and you can kind of like check out there i think it's dot io or something like that and you can check out what's live and what's coming on there as well to see what you can you can do

so arbitrary isn't the only layer two uh kind of i guess making waves over the last week and i know this isn't really much but optimism put out a tweet that said uh sorry can't resist the pre-announcement announcement big news dropping next week gets so hype so next week being this week uh there was a bit of kind of like theorizing about what this announcement would be in the daily grade discord i said that i think they're going to remove their white list so if you remember optimism still has a white listing process whereas arbitrary doesn't uh that so i think that because of the fact that arbitrary room doesn't have a white listing process uh they've been able to get all that growth because of people just permissionlessly launching whatever they wanted on there and optimism seems to be a bit stifled by this because they have to manually

approve kind of projects to launch and all that sort of stuff so i'm hoping that it is a whitelist removal um some people said oh maybe it's a token i don't think they're going to do a token now like it's just way too early for that doesn't really make sense especially when there's no kind of i guess when there's still a white list um i don't think don't think they would make a big deal out of the announcement of kind of increasing the capacity of optimism they didn't make a big deal out of it last time so my money's on them removing the white list to be honest um but there might be a chance that they actually announce uh some significant cost savings as well because they tease that and i don't know there's a number of different ways this can go but i

really want to see the whitelist remove maybe they do multiple announcements that'd be cool but generally i would really like to see the whitelist removed because at the moment optimism is hamstringing themselves by having a whitelist because they're just letting arbitrary eat their lunch and that is their main competitor at the end of the day these are the two leading optimistic roll-up networks and um they really do optimism really does need to catch rpr by removing that white list so we'll see we'll see what this announcement is uh this week um and just another thing about optimism so lyra which is a optimism native options protocol announced that they're doing a trial liquidity mining program where they're going to distribute 750 000 lyra tokens starting at 12 am utc on the 13th of september which it may have started by the time you watch this it's

probably already started i don't know what the utc time is right now um and this is the first chance for the community to earn lyra and an exclusive opportunity to access the token pre-launch so you can read the the full details here uh disclosure i um i hold ldr ldr i held lyra tokens here i participated in that kind of like treasury diversification kind of thing there um but i participated because i'm really excited about options on layer two uh and you know as i said lyra is an uh optimistic uh ethereum native protocol so it never launched on layer one it launched straight on layer two and it spun out of synthetics and it leverages synthetics to um to kind of like uh to to to do the trading of different options and stuff like that but also as part of like the liquidity i guess mining program here

you can see that you'll be able to provide liquidity to the uniswap susd dipole and earn lyra tokens and do a bunch of other things as well but that's all detailed in this kind of blog post here so definitely go check that out if you haven't already and speaking of i guess like scaling ethereum uh polygon is something that i don't see people talking about too much lately but he's still growing and he's still kind of like very very active now i get why you know these things come in waves one week people will be talking about one solution the next week they'll be talking about another one i mean it's funny just looking over the past two to three weeks the different kind of narratives that have been struck like there was um people talking about like uh avalanche and then like solana and

then like phantom and then it was like arbitrary and then i mean before that was like polygon and optimism i mean it's just funny how like week to week i don't even wake to it like day to day these narratives can just shift so fast and you'll just see like crypto twitter just talking about different things um and it's just hilarious how fast the narrative changed from i think it was solana last week at least earlier on in the week and then arbitrary started getting a lot of growth and everyone's like oh my god arbitrary i'm going to go bridge into arbitrary now i'm going to go do this and then arbitrarily kind of took over the narrative and and then i think like the price of of um of of kind of like um some of these uh these other layer one networks went down so people

were kind of like uh you know i'm not you know i don't want to play with you anymore so it's just kind of like funny and i mean speaking of i don't want to speak about the kind of like why that happens but first i just want to cover what i want to talk about with polygon essentially you can see here that the pos chain um which is technically not a layer 2 right but you know you can see here they're still experiencing some really great growth you can see that the new sorry unique address growth is still climbing i mean it hasn't really slowed down at all hasn't really plateaued it's almost at 60 million unique addresses and i mentioned before how arbitram has um just 70 000 right now so you can see the difference between these like 60 million compared to 70 000 and you can

see the growth just came from like april and may for for polygon so i'm expecting that same kind of growth for arbitrary and optimism all the layer 2 networks but it's really cool to see that polygon really paved the way here and we're pioneers on the ethereum scaling front and you can see the active addresses um sorry the active polygon pls chain addresses hasn't gone down at all it keeps climbing look at this i mean they peaked at what 200 000 active addresses and they're at 175 000 but the trend is up like it's not like it's going down and these aren't just total addresses these are actively on the network every day uh doing things on on polygon which i think is is pretty awesome so it's great to see that uh essentially this is what all these networks are gonna look like i think and you know going back to

what i was saying before about i guess kind of the changing narratives i've written about this a lot and i talked about this a lot but i think the number one thing most people suffer from in crypto is something called recency bias which i think i've explained before but essentially it's it's this kind of like bias where you uh put more weight on recent events and then by doing so you basically kind of i guess trick yourself into believing that like the past week's worth of events uh basically applies to like a year's worth of development or events that happen which is which is stupid right it's dumb it doesn't like it doesn't make any sense because if you just look at like uh the ego system as like one week of activity well then of course you're gonna be like oh my god like ethereum's dead like this

platform's taking over because everyone's talking about it but that's not the truth at all what's what ends up happening is that you hear about one topic for a week and then the the whole kind of like narrative and not and everyone just changes everyone just gets bored of it like the clearest example of this is think to like the beginning of this year i think or maybe like uh beginning to mid of this year when bsc started kind of getting a lot of attention and taking off and things like that and kind of it was it was um taking advantage of ethereum's high gas fees which all of these networks do by the way but anyway um they were kind of taking advantage of it and everyone was talking about it for a week or two then it went dead silent and you didn't hear

anyone talking about it anymore and it's not that doesn't mean that network has kind of like collapsed in activity it still has a fair bit of activity on there and everything but it's just hilarious how it was literally all anyone could talk about for like one or two weeks and then i don't see anyone talk about it at all anymore quite literally i see people talking about ethereum competitors all the time and no one on my feed is talking about bsc anymore it's always talking about some of these other new networks like solana avalanche or phantom sometimes or whatever uh it's never about bs anymore so in a few months we're probably never gonna hear about these other ones anymore and you know we might not even hear about some of the layer twos or whatever like polygon for example doesn't really get much spotlight at the moment because

they got a lot early on and now people are kind of like used to it like okay well you know polygon's still growing it's still good and i'm still using it but like why would you talk about it when it's not new and fresh so this is exactly what happens with a lot of this sort of stuff and it's why uh it can get it can be very hard to trade these markets too because you might be chasing a narrative and by the time everyone's talking about something i mean the way i play it and this is an investment advice but the way i play it when everyone's talking about something it's a really bad idea to jump into uh like an investment right we saw this play out over the last week particularly with solana where everyone on my feed was talking about it whether

that was on it whether they were complimenting it whatever and then a day later the price collapsed i mean it went from like 210 i think to 150 or whatever it is now 160. um so obviously like you don't want to be jumping into something that's like extremely crowded and everyone's talking about and everyone's trying to shill everything it's just amazing and the same happened with with with um i think like a lot of these networks like bsc with bnb polygon with matic it always happens the same way where everyone's talking about something and everyone's kind of like showing it like it's the best thing ever and it's happened in a really short amount of time then what ends up happening is that the prices end up getting way ahead of themselves and collapsing because what okay so what ends up happening with with the way the

crypto markets work is that you'll see things increase in price a lot but there's two things that happens when things increase in price one it causes you to foremo but two you know fomo especially if you're a newer newer uh kind of like investor and two it everyone else who bought in before is now sending on profits so what do you think is going to happen if the price just accelerates and the price just keeps going up the people who are sitting on profits are going to start taking profits which means that no no longer do you need um just just the money to push the price up from the usual kind of day-to-day sellers you need even more money to push the price up to get to to um i i guess like uh survive the onslaught of all these people that are massively in profit and

then on top of that you have a third thing which is that when traders see something going up really really quickly and has been doing it for for a little while at least like say a couple weeks something they're gonna start opening shorts so now you are contending with a lot of shorts being opened because these um shorters are expecting the price to fall because all these people are going to take profits and that's why you can cons you can see fast collapses of these kind of things and actually during the the big crash where eth went from 4k to 3k i think some of these other platforms that have been pumping a lot especially salon i mentioned solar a lot because that's the one that i've heard about a lot that's just a good example i think it went from like you know 270 actually to like 110 or something

like that then back up 270 to 210 then came back down it was just like super super volatile um but it just becomes harder and harder because when people are sitting on massive profits they're gonna start taking them and and the thing is is that you want more gradual kind of long-term slow growth than fast growth like if eighth was to double it this week if eighth went from 3k to 6k this week it's not gonna stay there for very long it's gonna it's gonna correct very very hard because what ends up happening is that everyone who bought at 3k all the traders they're gonna be like holy i just made double our money in a week of course i'm gonna take profits here and then all the people who bought a lot of people who bought earlier who are like oh my god i'm

sitting on so much profit i'm gonna take profit and then you've got the shorts on top of that and then you've got like the and you've got the greedy longs i should say too that are longing and and and people and then they're gonna get liquidated and then you get liquidation cascade happening it's just it's so dangerous and this is why you see such reflectivity in crypto especially on the shorter time frames and it's why people always say focus on the long term and don't don't trade i mean you can trade if you want to as i said i've been doing a little bit a little bit of trading on dydx lately but really i mean that's with play money i'm not using big money or anything like that i'm not trying to to make big money i'm just doing it for fun because i

wanted to try out the dydx platform uh but generally trading is just stupidly hard guys like so and that falls into uh and being a good trader means you have to remove a lot of biases from you as well like recency bias as i said is one of the worst especially in crypto especially if you're sitting on crypto twitter i think actually sitting on crypto twitter unless you know how to get rid of your biases is probably really bad for you as a trader um but anyway none of that is investment advice just a bit of kind of like this color around the changing narratives within crypto and how i kind of view them and how i kind of tend to ignore them like you may have seen a lot of different people kind of like talking about different kind of ethereum competitors over the last few

weeks i've given my comments here and there and i talk you know somewhat about it on the refill because people ask me to but generally whenever i see this stuff happening i i always remind myself i'm like anthony you've seen this happen so many times before and i tell my friends this as well i'm like guys like calm down like remember how much people talked about x um x chain or a y chain or z chain what do you hear about them anymore no so stop kind of like letting your your bias get the best of you stop letting this recency bias infect your brain and start looking at the bigger picture because that's the only way at least i believe it's the only way to win long term in this market is to look at the long term and really the long term is that ethereum is stronger than ever

ethereum is actually scaling now we have these layer two networks live it's it's just totally amazing what's been happening and you know there's been lots of kind of like stuff going on on the research and development side lots of things live and this is really only the beginning of ethereum scaling kind of journey as well there's still plenty of optimizations and improvements to come the end goal you know a lot of people agree that the end goal probably is just zk roll ups and there's a lot of good content out there about them right now and about how we can get them doing smart contracts how we can basically get it so that the transactions are extremely cheap by using validiums over or volitions or other or other such constructions and stuff like that so yeah i mean guys the future is bright i i kind of like felt

like i had to talk about that because i had a lot of people asking me about different networks and things like that feel free to play with them and try them out and and you know research them and see what their trade-offs are see how they achieve extra scale blah blah or what features they offer that ethereum maybe doesn't but at the end of the day i think that if you get caught in the short term stuff uh it's not a very good trading strategy or investment strategy at least that's my kind of like view on things but anyway i'm going to leave it at that for now i've got a couple more things to get through before i wrap today's uh episode up so uh cena uh hubby ba habibian hopefully i said that right uh has started a new podcast where they'll be hosting conversations around

the ideas shaping crypto the first episode here is with vitalik buterin and carl floych where they talk about retroactive public goods funding i haven't listened to this yet because it just came out like an hour or two ago i plan to listen to this probably tomorrow while i'm playing some games i usually like listening to podcasts while i'm playing a little bit of world of warcraft it's funny because um i don't really play it for very long i play for like an hour or so and it's not like i'm playing it i'm getting like tons of fun out of it i just need something i don't know the way i work is like i need to be doing something when i'm listening to a podcast either like that's me riding my bike or that's me playing like a game where i can listen to a podcast or

whatever um but yeah that's what i plan that's when i plan to listen to it but i i i guess like i i recommend you guys listening to this as well vitalik obviously is a great um kind of like a great person to hear from and carl as well i mean carl works at uh at optimism has been working on ethereum and kind of like scaling stuff for a very long time now uh he's just an all right around great dude i'm sure a lot of you would have seen him recently on the bankless podcast where they kind of um uh interviewed him and ben from optimism so definitely go check out this podcast as well another thing to check out is this amazing blog post from paulinya here who is a a liberalist on on reddit i spoke about him last week i believe so in this

blog post he addresses the common misconceptions around roll-ups and i mean this is awesome like i actually highly recommend reading this more than pretty much like uh most things in crypto i think this does a really really great job of just simply breaking down what these misconceptions are why they're wrong what you know what the actual explanation is um and kind of like just gives like a nice objective lens on these sorts of things so definitely recommend going and checking this out and the last thing here is that ethereum.org has added a new play a new page explaining ethereum governance so basically a lot of people have asked me about ethereum governance before especially on amas how it works what's the process what goes on with it on this page you can basically see all that uh and you could actually

contribute to editing it as well if you want uh because ethereum.org is fully open source but you can see here you know who's involved what's in the iep what's the process look like what's the um how do we handle disagreements and gives the dial fork as an example uh how the beacon chain works how to you can get involved all that sort of stuff so yeah go check out this new web page it'll be linked in the youtube description of course but i think that's gonna be it for today everyone so thank you again 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 tomorrow thanks everyone