Client Incentive Program, Euler on mainnet and more - The Daily Gwei Refuel #273 - Ethereum Updates

Transcript

hello everyone welcome to another episode of the daily gray refuel worry cap the latest news and ethereum ecosystem i'm your host anthony sosano and today's the 14th of december 2021 all right everyone let's get into it so i saw some comments on yesterday's video about my room and how it's looking quite bearish uh get it bare bearish pretty bad dad joke there um but it's because as you all know i am moving houses i'm actually moving in uh this week on saturday so pretty much like everything or most things are in boxes at this point i put out this tweet today where i said it's taken me five days and over 30 boxes to pack all my figurines you know all the ones in here or the ones all the big ones that some of you may have seen on twitter and that's because i basically had to bubble wrap

them all obviously make sure they're not going to be damaged in transit and all that stuff so as i you know mentioned a few weeks ago this room is just gonna pretty much like whittle down to nothing by the last refuel which will obviously be on friday the last refill in this room not the last refill ever and then next monday the refuel will be in my in my new place um it feels a bit weird like as i keep packing up things and taking things out you can see the glass cabinet behind me is out of this room the room feels like very big now it's a tiny room but it feels because it's just been crowded for for a very long time but yeah that's that's the reason why it's uh you know all this stuff's gone i haven't sold the figurines to buy more either anything

like that it's a good theory though right um but yeah that's why it's kind of looking at looking like this uh but yeah just wanted to kind of clarify that for all the comments i saw but anyway anyway on to the news from the last 24 hours so ar from the ethereum foundation uh i kind of shared this blog post today i think today or yesterday i mean it was fairly recent uh where she announced the client incentive program now this is a new program from the theorem foundation to basically support ethereum client teams now there's going to be nine teams that are part of this program basu aragon geth lighthouse lodestar nethermine nimbus prism taker so these are the clients that are supported and then you know obviously the teams building the clients are going to be the

ones receiving their support now what i find really cool about this is the support is coming in the form of validators so the ethereum foundation is going to give 144 validators to each of these teams which which is uh which equates to four thousand six hundred and eight eight each about eighteen million dollars at that current price of eth each to operate on mainnet uh for these clients to encourage things like client diversity and stuff like that um and then the eighth withdraw sorry the withdrawal keys for the eighth will be vested out over time or like several years as milestones are hit so milestones like the with beacon chain withdrawals being enabled sharding being delivered like client support all that good stuff there so that's a lot of eth right for for the team these teams

aren't that large it's usually like five or ten people working on the core protocols and stuff itself from each of these teams so that's a really really awesome incentive for them and the reason why i think that it's it's an awesome incentive is twofold one they get eth right i mean it's it they in addition to getting fiat for their work they should also get eat because that aligns their incentives a lot better with the ethereum network of course and it gives them a direct stake in the success of the ethereum network but also the ethereum foundation is giving them validators now validators don't just sit there and do nothing right they secure the chain they secure the network and they get rewarded for for that so essentially these client teams are going to be rewarded with block rewards from these validators even before uh uh kind

of like the eighth get all that it gets vested out and then once withdrawals are enabled they'll have that eighth coming in as passive income and then obviously uh post merge will also have uh uh fee revenue coming in as well so all the fear revenue that's not burnt to the tips which is an amazing passive income source for these teams basically forever i mean you know it's funny like the teams will will decide i guess what happens to this eighth amongst them and things like that uh will they kind of like sell some of it will they will they keep all that as validators you know who knows maybe they just keep it as validators and sell the rewards and sell the fees that's a that you know that's a perfectly logical kind of um path to take but i just think it's it's

just really awesome that these teams now have i mean they already do have i guess like a direct stake in eth obviously you know the delegate community we donated almost 28th two core developers last week as part of the nft drop that i did um and and and that was part of the open grants thing which already has thousands of eth in there kind of like vesting out to teams over time um and this is just you know on top of all the other support that these client teams have gotten both from places like you know bitcoin grants matching the ethereum ecosystem support program which is all also run by the ef any income that they generate on their own as part of other activities that they do i know a few of them do kind of like auditing services and stuff like that so there's a lot of funding going

towards core developers now which is absolutely amazing and not just with fiat funding but with eth as well because that's what we want we want them to have eighth we want them to have a direct stake in the network because at the end of the day the core developers are playing a major role in um kind of like driving value to eth i mean they're the reason eth2 kind of like went live of course or sorry the beacon chain went live that they're raising all the network upgrades happen that the reason the network doesn't kind of like die and fall over they're going to be the reason that the merge goes through and sharding all that sort of stuff and that all adds a lot of value to eth i mean just look at erp-1559 that was you know it was up to the core devs to research that to

kind of like develop it to make sure everything kind of like went smoothly um and that obviously has directly contributed to its value you know since it went live even before that same with the beacon chain and staking and all that good stuff there so they should definitely have a vested interest in it and not only should they have a vested interest in heath itself but through these validators they also have a vested interest in kind of like the passive income coming in with these validators and we get to kind of like you know have a have a more diverse client ecosystem and have them funded as well so i'm incredibly kind of like bullish on this initiative i really really like it because it's funny there are a lot of debates during i guess the bear market of how to fund core developers there were a few

ideas floated like block reward funding which is essentially something where uh you take a percentage of the network block rewards and you allocate it to some kind of like dow or some kind of like multisig and that would get vested out to teams over time there are issues with this if you're to do this it needs to be done from genesis i believe doing it kind of like halfway through it's not really the best way to go about it i don't think and the community basically had that sentiment that's why it never happened we've obviously had get coin grants matching rounds be pretty pretty great for these teams uh vitalik donated uh eth to these teams back when eth was basically worth like hardly anything to the e2 teams you do i think you donated 1000 east to all the main eth2 teams at the time or at least

most of them um and that you know at the time it wasn't worth much because i think eighth was a hundred or two hundred dollars and that you know if they held on to that eighth since then or you know as much as they could have they've done very well there's and have a pretty you know pretty healthy treasury so we have just so much really really cool stuff going into the ethereum core development ecosystem right now so much so much funding heading that heading that way and i can't wait to see and you know any future initiatives that that are kind of like come to come to play here because the ethereum foundation seem to really be stepping up their game they're being you know very transparent about this as well so you know you may see fud on twitter sometimes about the core devs

aren't compensated enough i i actually think they they are the the thing with the core devs is that like it's not money that's the issue i don't believe i think what the issue is is just the the personnel the human capital it's very very difficult to find good core developers and good core researchers um there's obviously these programs that have been spun up in the past i've gone through them before the core dev apprenticeship programs to get more people on board um and but the money's there right in one way or another the money is definitely there but as i said there's the fiat side of it then there's kind of like the ethernominated side of it and you definitely want these people to have a direct vested interest in eth and with you know by avoiding them validators they not only have a direct vested

interest in eth but they also have a direct vested interest in making sure the network stays decentralized and secure and healthy and all that stuff for their own kind of like benefit as well which they've already been doing but it just kind of like adds another layer on top of that so really really great to see this new initiative launched by the ethereum foundation i'm curiou you know i'm looking forward to seeing kind of like how this plays out and what other kind of like ways they they add to this in the future so a new conference was announced yesterday devconnect which is a week-long gathering in amsterdam featuring independent ethereum events each with a unique focus uh devconnect aims to bring people together in april 2022 to learn and make progress together so devconnect is i believe happening april 22nd 24th or something like that

um during that kind of like week there in amsterdam i am most likely going to this one i have never been to amsterdam i've heard only good things about it i have friends there definitely want to go to this um so i you know when i saw this that i was like this is awesome like this just this sounds like it's going to be um one of the uh one of the premier ethereum events because it's it's being run by the ethereum foundation and um uh did the kind of like devcon uh the devcon team of the ethereum foundation as well so i think it's going to be a big deal i think it's going to be pretty much like a mini devcon i guess you could say right and defcon's still happening in late 2022 in bulgaria in colombia i'm hoping to get out to that

as well but we'll have to see how it goes i'm not sure what international travel is like from australia to colombia right now there's obviously still covert restrictions and things like that so i'll have to see how that shakes out which brings me to to a related topic ether global announced all of their kind of 2022 events today so as i said amsterdam is uh is going to be happening from the 22nd to the 24th but there are so many other events happening so if you go to this blog post here they detail them all uh if it loads up for me here so yeah 8th amsterdam is in april you have hack money in may which is online focused east new york in late june hack fs which again is online in july 8th mexico city in august mid mid august 8th online in september east san francisco

early november 8th taipai which i believe is new um which is early december which is awesome because like that's that's quite close to me i mean these long-haul flights are going to kill me but anyway um eth bogata which is obviously uh kind of like uh devcon but like eighth bugatti is gonna be running alongside defcon in q4 of 2022. so a full packed year of events i'm not going to go to all of them of course i'm definitely going to try to get to as much of them as i can as i said like i'm definitely aiming to get to 8th amsterdam i'm definitely going to be in denver in february i'm in may i'm going to be in florida for uh permissionless so there's a fair few things happening next year in terms of like conferences and events and i couldn't be more

excited for this so i'm hoping to see a lot of you there i know that my audience is global i can see from kind of like the metrics that i monitor a lot of people are in the us but uh you know a lot of people in europe as well actually a lot of australians too uh you know we're kicking above our average here in australia but uh essentially i'm sure people are going to be traveling to these sorts of things especially people that have been locked down in certain countries like in australia i mean i know that we're all itching to to go and travel internationally especially to more exotic locations like amsterdam and ones that we haven't been to before i've only been to a few locations overseas san francisco um berlin uh japan and that's really it i guess like denver of course but like

yeah i haven't been to like a lot of these places like amsterdam and florida and new york and mexico city and san francisco and taipei and bogada yeah so that's going to be a very interesting yeah i hope to see as many of you there as possible always fun meeting people in real life it's a very different vibe to online of course especially after all of us kind of like sat inside for the better part of the last two years because of the you know the covert stuff going on it's going to be great to see everyone at these events so yeah looking forward to seeing you all at these events next year so uh paulie and i gave a really great summary today of that podcast with hazu and suzu on uncommon core i'm sure you know the podcast i'm talking about it's the one where hazu and suzu debate

essentially ethereum and other l1s which is kind of like the tl uh too long didn't listen now i i'm not gonna watch or listen to it uh because i like i had certain people kind of like summarize it for me already i don't feel like i would get anything out of it if i listen to it myself and you know the arguments from what i saw from what i yeah from what i saw basically boiled down to sue just being a profit maximalist which he is because he's a fund manager and hazu basically being a tech maximalist which he is because he's a you know he's a researcher in this industry now obviously having those two people kind of like uh debate each other is going to be a a weird kind of debate because it's essentially going to be two people that aren't you know they may have some kind

of like overlap in what they have in common but they're fundamentally on different sides of of the kind of like spectrum in crypto and that's totally fine like i'm all for having healthy debates and things like that but at the end of the day i would have loved to have seen a debate between kind of like sue and like a and like a developer you know or something or kind of like some or maybe another trader or something like that who would take the ethereum side or anything like that um and like and and then like you would debate a debate a developer from another ecosystem or something or a researcher from another ecosystem it just yeah i mean i get why they did it and it's fine that they did it but uh yeah i just from the summaries that i saw it didn't seem like anything

new under the sun for me but uh polly now put together a thread basically addressing um some of the points made there around kind of like how we've moved past roll ups are bad too roll-ups are awesome but only on l1 bags i hold and then in this thread paulie now argues that the whole point of the modular architecture is the concept of l1's melt melts away right the concept of like layer 1 blockchains melts away and you have that settlement security data availability layer you have um and you have the execution layers and things like that so this thread goes into great detail about that i suggest you go give it a read here um but i think what i wanted to kind of like just briefly touch on was this funny kind of like narrative pivot recently there are

still kind of like i guess people in other ecosystems fighting roll ups i know that uh anatoly from solano is not a fan fan of rollups at all i mean he thinks i guess i i think he said they're called tech but he doesn't believe that they're kind of like the best solution he obviously believes solana's the best best solution and i i also think emman from avalanche has given similar comments before thinking that rollups aren't the best solution and avalanche avalanche's design is that's totally fine i mean you know people are free to believe what they want obviously i believe that the modular architecture is the best design and the smartest people i know believe it's the best design so i'm sticking with that but it's funny how we you know i guess like as a whole from the narrative point of view we kind of like

graduated from roll ups are bad to roll ups are awesome but only on the l1 bags i hold because you know i'm sure you've all seen the narrative these days of oh roll ups aren't exclusive to ethereum any kind of like expressive chain or smart contract chain can have roll ups on them and i've talked about this before and how i think that the argument is kind of like moot because if you're a roll-up you're going to basically settle on the most decentralized and secure base layer like this really doesn't make any sense to settle anywhere else so for the foreseeable future and you know i guess like for the long foreseeable future that's going to be ethereum and i don't think ethereum is going to lose that mantle any time soon will we see roll-ups on other layer ones sure we will i mean other layer ones uh you know

a lot of them are just just as permissionless to develop on as kind of like ethereum is right where you can deploy anything you want on there i'm sure we're going to see that happen is it going to make much sense it remains to be seen are the developers even going to want to do it remains to be seen like anyone can fork the code and kind of like deploy say an optimism fork or an arbitrary fork to one of these chains but is it actually going to go anywhere not sure especially if these things have tokens right if arbitrary optimism zk sync you know all the other kind of like l2s have tokens then those tokens going to be exclusive to the core deployment they're not and then and the forks are going to have their own tokens so it's going to get messy for sure i do believe we're going

to see a lot of forks of l2s we're going to see l2s and other chains we're going to see like so much polywars within different chains and different like l1 and l2s and all that sort of stuff it's just going to get ugly but at the end of the day betting on the developers betting on where they're going to build betting on um kind of like their alignments you know as you guys know there's a lot of teams within the ethereum altoo ecosystem they're incredibly aligned with ethereum and don't you know really don't have any plans to go anywhere else betting on those kind of kinds of teams and people is the long-term best strategy um even if we have you know see roll-ups go live on other ecosystems and i do believe that if these other ecosystems require roll-ups to scale they're just kind of like it's just pointless like

you know as i mentioned before something like solana their entire thesis is that they can do everything at layer one without sharding without roll-ups without any layered ecosystem and still be decentralized and secure they're not right for for starters i know i talk about that salina a fair bit but i think it's the perfect example they're not and the network already buckles under the load a lot of the time i mean it doesn't you know lately it hasn't gone offline some people may have seen that people say it goes offline i don't believe it goes offline completely but it slows down like to a crawl so instead of kind of like the fees going up it just starts dropping transactions and and you know people have lots of failed transactions so it's funny how that kind of works where it's like on ethereum when the

network kind of like gets hit by a lot of activity the fees go up right and essentially you just you know you can still get your transactions in but you have to pay the the high fee to do so whereas on solana when it gets hit with a lot of activity all at once the train basically just slows down it's kind of like a web 2 platform where it'll kind of like monitor the traffic more closely to make sure that it can serve all the users and put them in kind of like a queue or at least kind of like have some kind of quality of service mechanism in place whichever approach that you prefer i mean i prefer the kind of like high fee approach at layer one because at least you'd still be able to get your transactions in especially if layer one

if the layer one is a settlement layer um we wanna guarantee liveness we wanna guarantee people being able to get their transactions in if they want especially l2s being able to get their transactions in uh but there's other ecosystems that take a different approach here and as i said like they're fine to do that they're free to do that but i just don't think it is the right approach at all and i think that it is a long term the worst approach to be honest i think long term the ethereum ecosystem is going to absolutely obliterate all these other ones i think the multi-chain world is ethereum l1 plus its l2s i really don't believe we're going to be in a world where we have like 100 different evm sidechains uh all kind of like suffering from their own kind of like issues event when they reach maturation or saturation

i just don't see that playing out at all i see the l2 is taking over relatively soon i think 2022 is definitely going to be a very big year for l2s especially when they have tokens i see l1 ethereum getting you know that much much better with obviously the merge erp 4488 sharding all that sort of stuff and i see these other l1s some of them may survive for a little while but a lot of them are going to end up like the 2017 era or 28 even 2018 era ones that no one talks about anymore i just that's how i kind of like feel about the whole debate there can you make money on it in kind of like bullish periods sure like just like you can make money on anything in bullish periods as i mentioned yesterday if you had thrown a dart at a bloody at

a board that had the name of random token on it and you invested in that token nine times out of ten you would have made made money on it from january to may this year because the market was so hot but the thing is is that short-term speculation and short-term bullish gains it's got nothing to do with fundamentals that's just got to do with market speculation and activity if you want to bet on something fundamentals wise it's always the long term fundamentals do not play out over the short to medium term it is always the long term and for that you have ethereum you have a hl1 and l2 ecosystem but you have a bunch of other things as well which it's up to you to decide what you want to kind of put your money into but anyway i'm going to leave it at that

got a bunch more stuff to get through so an update here from the prismatic labs team so this is an update on their pry labs client of course so or and also their team so they've added four new teammates they now have 10 times optimizations for hashing operations multi-client end-to-end test suite and more in here so this is also an update it's been a pretty healthy update it's every minute read this update also covers the merge and kind of like on you know onwards towards the merge and what's coming there uh a bunch of other things like p2p and core optimizations database optimizations and all that kind of stuff there so if you're interested in kind of i guess uh uh kind of uh uh checking this out it'll be linked in the youtube description and also they they kind of like go into detail about the

four new team members that they've added as well so always great to see new core developers come on board really really awesome they were able to hire four that's that's amazing right as i said most of these teams only have like five to ten i think some of them may have like 10 to 20 it just depends on the team that you're looking at uh but yeah really really cool to see uh because to see this kind of like update from prylab see it cool to see them add new team members definitely go check this out so the polygon version or i guess like polygon erp-1559 upgrade has hit the mumbai test net so for those of you who don't know erp-1559 is coming to polygon which is cool to see so basically i don't remember if this is going to include the burn i remember kind of

talking about this on the refuel a few months ago where essentially there wasn't a burn um uh kind of like the the one 559 style transactions would come to to the polygon post chain but i don't believe the uh it would be burning matic uh matic token so i'm just kind of like trying to read through it here to see uh maybe i think maybe it does because originally i don't think it would um yeah i think i think this one will actually burn the tokens uh let me have a look here the base fee changes they're not lower since gas phase yeah i'm not totally sure i'm not kind of like uh reading it here but i think yeah the downside of the fuel magnetic turns available because the burn is more cylinders will give a boost yeah yeah okay so i'm not totally sure i will

double check on that maybe it's in here and i'm just not seeing it right now but i don't want to spend too much time on that uh but yeah cool to see the pos chain adopting one five five nine style transactions i'm sure like other kind of like side chains and l2s are gonna do this as well and and kind of like any evm compatible chain can do this which you know it just takes a matter of kind of like forking it and applying it to that chain makes sense because one five five nine style transactions are better than the normal kind of like ethereum transactions we had before that and you also get the bonus kind of like burn which i mean look on networks that are offering kind of like really cheap fees their fee revenue isn't that high right now i think on

polygon it's about in kind of like the hotter periods i think it's like fifty thousand dollars a day on arbitrary it's like a hundred thousand dollars a day and same for optimism um and if you if they burn like i don't know eighty percent of that or something um it probably it's probably gonna be less than that but if they were to burn 80 of that it still wouldn't be very much i think the money would be better used in that scenario going to um we know how optimism is doing it with public goods funding or going to uh kind of like centralizing the sequences and stuff like that rather than burning it because it's just really not much maybe in the far future when it gets a lot higher than what it is um now but yeah it's just really not much right now but

still really really cool to see polygon integrate this into their network so the bankless guys hosted a twitter spaces with the optimism team uh yesterday i believe so you can go check this out a link in the youtube description but david had some uh notes here and takeaways after talking with them so optimism's removal of the white list is a one-way decision this is optimism committing to a permanent mainland um and then you know with it being removed optimism becomes closer to a public good uh evm equivalents uh can export innovation and utility to the rest of ethereum because optimism has committed to evm equivalents developers can one click deploy any mainnet app to um and then kind of like talks a bit more about that uh there's so much more room for improvement as well for

optimism when it comes to the gas fees changes to core data and other optimizations will further reduce optimism gas phase by 10 to 100 x that's awesome right i mean right now for a swap i think fees are like what five bucks or something on optimism and arbitrary so if we can get down them down by 10 to 100 x that's going to be quite amazing as well so you know we can get down to like sub 10 cent or something uh kind of like fee uh the fees there on an optimistic follow-up so really really awesome um but uh and then the fourth point here optimism is a city meant to be permanently and habited not just a tourist destination to visit and leave cities are defined by the culture of people uh and businesses that inhabit it optimism's culture of optimism fairness innovation will make it an

awesome city to live in i mean i love the optimism team they really do embody they're kind of like i guess uh a company name optimism right so great to see this i mean go listen to these spaces it was a good one but yeah i just wanted to run through the quick uh kind of like uh uh uh talk takeaways there from david so roon christensen from maker has uh put out a teaser saying that looks like maker volts are coming to arbitrary optimism and possibly stark net in q2 that's really really cool so um not only are these dye coming to all these kind of like ego systems through the um the make a wormhole bridge that i've talked about before but also the ability to open vaults and as a heavy maker user myself this would be awesome i mean i i

pay hundred dollars in fees just to kind of like manage my vaults and it's probably into the thousands at this point which is not i mean trust me it still hurts guys like it really does i mean i'm giving up ethan i'm doing that uh obviously you know some of it gets burned or most of it gets burned so that's okay but yeah paying those sorts of fees is yeah it's harsh but uh uh uh but yeah i mean having it on kind of like arbitrary optimism means that the fees are going to collapse completely and even stock net so that's going to be really cool very very much looking forward to that and q2 isn't that far away either you know it's like six months away six less than six months away now to the start of q2 so yeah very much looking forward to that uh cool

little teaser here from roon today moving on uh a tweet here from tongues.eth uh where they put out visa bought a crypto punk adidas bought a board ape nike acquired rtfkt which is a kind of like nft ecosystem that got acquired by nike today um i you know i didn't cover it on i haven't covered on the refuel um i don't know too much about it i haven't it's funny like i don't spend too much time on the nft ecosystem but i know it was big and nike adding it to their kind of like i guess um ecosystem is actually pretty big because nike doesn't have many of these acquisitions that they do so that's you know pretty huge but then thanks goes on to say the common denominator is ethereum in all of this and it is i mean this is all ethereum stuff right crypto puns bought apes

rtfkt all ethereum based i know there's like a holy war between crypto punks and board apes right now which i find hilarious by the way just absolutely hilarious it's like oh board apes is gonna flip punks and you know punks is kind of like uh boomer like bitcoin and board apes it's like ethereum it's kind of you know it's more it's closer to ethereum i love these holy wars when i'm not kind of like involved in them i just love it like i don't get involved i don't say oh punks are better than bored apes or borders are better than punks um but you know amongst all of this it's just like ethereum as the common denominator doesn't even matter if people are fighting they're still using ethereum they're on ethereum they're kind of like nfts are secured by ethereum which i think is just a really

cool kind of thing to to point out here is that all these big companies are coming to ethereum in a bit in you know in their own way they're whether they're buying nfts whether they're kind of um acquiring companies and uh whether they're kind of like uh spinning up uh new ecosystems new apps on these on ethereum as a base layer on a settlement layer it's just gonna keep happening as i've discussed before but just a really cool tweet here from tongs.eth so uh euler is now live on mainnet i remember i discussed this when they went live to testnet the other day so i won't spend too much time on this but euler is a new money market that's live on ethereum the most interesting feature to me about euler is their permissionless money uh permissionless listing of money markets which means you can basically

have any asset you want as an isolated market um uh you know where you can put it up as collateral and kind of like borrow against it now this is enabled via uniswap oracle so euler uses uni swap as an oracle service where they do time weight at average price where essentially they can make it so that it's manipulation resistant especially on the long tail of assets which have lower liquidity to make sure that nothing funky happens with the money market but even if it does they're isolated markets so there's no kind of like cross margin or cross collateral across the whole money market which means that the risk is just limited to that one pool um but there's a bunch of other features i definitely recommend you guys check out the blog post for details on that and go play around with euler on mainnet another really really

great defray product uh launching on ethereum i'm sure they've got l2 plans as well obviously this is on l1 but i'm sure they're going to be coming to l2 as well and just just a disclosure i'm an investor in euler as well um they're just just uh just so you guys know i'm not kind of like you know pumping my bags there too much uh and what finally here uh live finance or or lead.fi li-fi protocol whatever you want to call it have basically put together a tweet thread today discussing what they are and i've talked about them before they're basically a cross-chain swap aggregator or cross-chain kind of like liquidity aggregator where you go to their website and they'll give you kind of like what one inch does you know the best kind of like route to bridge from chain to chain l2 to l2 l2 to side

chain blah blah whatever right and in this thread they detail how they do that what they use what it looks like all that good stuff there so definitely recommend giving this a read if you want more information about that i'm a big proponent of kind of like aggregators especially within spaces like the bridge space but at the same time i'm also kind of like curious how it's going to play out because we know within the deck space the aggregators haven't got that much of a market share unisop still dominates right so within the swap space or the kind of cross chain swap space is it going to be or bridging space is it going to be one kind of like team that dominates like is it going to be like hot protocol that dominates all the kind of like volume or is it and liquidity or

is it going to be the aggregators that do that i would actually kind of like say that it may be the aggregators because of the fact that in bridging and kind of like cross chain swapping and all that sort of stuff is inherently more complex and kind of like more involved than something like um a decentralized exchange on just kind of like ethereum for example so we'll have to see how that shakes out i'm not sure honestly like it could go either way but i'm very curious to see how that plays out there but on that note i think that's 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 tomorrow thanks everyone