Ethereum in 12-18 months, Zapper growth & more - The Daily Gwei Refuel #149 - Ethereum Updates

Transcript

hello everyone and welcome to another episode of the daily way refuel where recap the latest news in the ethereum ecosystem i'm your host anthony cesano and today is the 23rd of june 2021 all right everyone let's get right into it so i put out this tweet today while kind of i guess thinking about what the ethereum ecosystem is going to look like in say 12 to 18 months time now i think it's gonna look very different right very very different to what it looks like today and there's a few reasons here and i outlined four of the main reasons where i said that we're gonna have eip1559 deployed and that's going to be burning eight whether it's a bull or a bear market right i've spoken about this a lot on the refuel how how i said that even though that gas prices are kind of cheaper uh right now because the

market's kind of quiet uh it's not going to be that way forever and we already see it spiking up i mean i talked about it yesterday how there was volatility in the market and we already see soil gas prices spike back up to like 60 70 way now to see sustained gas prices over 100 way again that's going to definitely require either you know market volatility or a lot of these layer twos coming online to fill up that block space uh and on that note uh the l2 rollout is going to be much much further along in 12 to 18 months time can you even imagine what it's going to be like then i mean i'm talking about within the next like three months we have uh i mean i've been talking about like we've had we're going to have these like major uh kind of layer twos going online

like arbitrary optimism zk sync uh polygon's going to come up with their with their roll-ups i think i i don't actually know the timeline here but i think it should be soon um and you know it just like started i mean there's so many teams i could go on forever about them but just think about like how much this space can evolve in 12 to 18 months time like think back to just a year ago i mean i was just i was talking about this other day just a year ago like d5 was still like pretty small like even in june of last year and you know then we had obviously the um the compound liquidity mining launch and that kind of kickstarted d5 summer which really got d5 going but up until then d5 was still pretty small it was still considered a toy

uh so can you imagine what one year from now is going to be like in the ethereum ecosystem i i can't i can't honestly imagine like how explosive the growth is going to be obviously i'm extremely excited for and extremely optimistic about it but i like i don't think anyone can tell and there could something something could happen that just catches everyone off guard sort of like what happened with the nft kind of ecosystem where pretty much like everyone that i know was caught completely off guard by that no one saw it coming in that way um not even i guess like even the biggest nft fans didn't i didn't expect it to happen that fast but anyway uh next up we have the eighth one to e3 merge uh hopefully done in this time timeline i mean it should be if i'm talking 18 months like from now this

would be end of 2022 i expect the merge as i've said uh before to happen in q1 2022 so definitely don't think we're gonna have to wait till the end of 2022 but if we do then that still kind of like falls into what i'm saying here and then i said something that was a little bit i guess maybe controversial i had a couple of comments about this where i said there's going to be institutional adoption of eth and defy now we've been seeing a bit of institutional adoption of 8th in general and with d5 we've been seeing things like rv creating i guess institutional liquidity pools and things like that that have like certain requirements for these institutions um but generally i think that uh institutions like i guess that term paints a very broad brush you know institutions can include

basically any organizational company if you really think about it and you can even include centralized exchanges in that so i for me i feel like centralized exchanges are just going to keep adding more and more d5 features whether that means that they're going to be offering d5 services as a proxy where users can get yields and then that uh the funds that they're getting yield on is basically deposited into different things by the centralized exchange essentially basically like essentially very similar to what a bank would do um and then you know them adopting eth as an asset i believe is going to happen as well they'll keep putting it on their balance sheets and things like that i mean i still think that's going to happen regardless of what's happened to the price lately um you know these institutional allocators in terms of where they

allocate capital and how they kind of put money into things they're just going to put money into it if they think it's a good buy and there's so many catalysts coming for ethereum i just named a few of them that i think eth is you know definitely the best best buy right now in terms of like i guess between like the larger assets like maybe the small assets that outperform it or whatever but in terms of like the risk reward i think eth is is a very good uh very good buy generally now i don't know you know if it's going to go down from here obviously that's not me saying go buy all the eight you can right now um but like over the long term obviously i consider each to be an extremely um good uh investment i mean i'm sure that's obvious but

on top of all of this we're also going to have i think you know coupled with the layer 2 rollout we're going to have d5 apps just get much much bigger than what they are now because they'll be able to right they'll be able to service more users they'll be able to do new things that they couldn't do on layer one and there'll be uh projects launching natively on layer two that i've spoken about before i mean i i spoke about uh uh the project yesterday but which one was it um i think it was oh man i've already forgotten but i spoke about a project yesterday that's launching natively on on layer two oh uh future swap v3 is launching natively on on v2 it might have been used the other day before um not launching natalie on arbitram there's also a lyra a new uh options

protocol that's spanned out of synthetics that's going to launch natively onto optimism and there's a bunch of others i'm sure coming as well so if you kind of like take all that put it together and project out the next 12 to 18 months in the dfi ecosystem that's going to be pretty insane and then on top of that the nft ecosystem i i i reckon is gonna uh you know catch everyone off guard again because there seems to be a bit of a disconnect between i guess like the main ethereum community and the nft ecosystem because i you know i kind of fell down a little bit twitter rabbit hole today and going to all these different artists issuing nfts and things like that and you know they're doing it on ethereum but they don't tend to talk about ethereum or d fire or anything like that

what they talk about is just like the nft stuff so i think that for them it's a very different kind of world uh than than someone like than for someone like me or people listening to the refuel whatever um you know i'm sure there's overlap there but there are definitely a huge chunk of artists and communities that are forming in the nft ecosystem that you may miss if you're not paying attention to that ecosystem so just a little bit of alpha there i guess um you know i personally i mean i i you know obviously see the value in nfts and really like the ecosystem there but i just cannot keep up with it if i you know i've tried and i just it's just not something that i'm going to be able to keep up with so for me i'm just going to be like uh

keeping an eye on the big things that are happening the the shifts in in the industry there and everything like that but there's just zero chance that i will be able to do day-to-day stuff there i think it requires like a whole like full-time per you know uh dedication to actually kind of go through what's going on the nft ecosystem and trying to keep up with it uh and i think d5 does as well but for me like personally i'm more interested in d5 and just like the the financial services on ethereum and i'm much more interested in ethereum's protocols and layer twos like i think the nft stuff as i said falls a little bit outside of that it's very very heavy application layer whereas d5 i think can blend between application layer and protocol layer as well because a lot of the d5 stuff

feeds into the protocol such as one five five nine right then a lot of the eighth being burned is actually going to come from d5 so they kind of like feed off each other a bit more than i guess nfts would and then of course there's like the dao ecosystem i mean i wrote a little bit about this in the delegate newsletter today and i basically finished the newsletter by saying that i think in a couple decades time uh we're going to look back on these massive centralized uh you know financial organizations and scoff at them and say you know because we're going to have dowels that are powering everything maybe maybe i'm too optimistic on the timeline but i think a couple decades is is pretty long time because if you think about 20 years ago the internet was like super small and now the internet is basically everything

so if you think about 20 years in the future from from here uh we could have a world where like most of the financial services or pretty much i would say like pretty much all of them would be living on ethereum uh you know within dfi within crypto whatever uh and you know i think it's pretty safe to say that it just just based on past trends of other technologies as well but anyway i'm gonna leave it at that for now uh i think that you know even if we go as i've been saying even if we go into like a prolonged sideways bear market whatever you want to call it that's just in ethereum you just cannot be bored you cannot be like sitting there um and thinking oh when's the price gonna go back up so i can get some excitement in my life

that's that's not the way it is there are so many exciting things happening and ethereum builds for both bull and bear markets it doesn't build just for one one or the other um and you know as i said like during bear markets it's much easier to pay attention to things uh much easier to focus so definitely use the time wisely while the market's quiet so uh an interesting tweet from santiago santiago today who said when the dust settles a bit ethereum will emerge as the market leader crypto moves away from sound money narrative and toward a pure tech investment i really do believe this to be true and obviously i do because i've spoken about it a lot on the refuel but you know santiago has a really great way of putting my thoughts down into like a you know a couple of sentences here but i i mean i've

mentioned this you know plenty of times where i've always said that i think that the sound money narrative the digital gold narrative whatever appeals to a very very small set of people uh it is a niche essentially it is not something that i can see appealing to the majority of of the world whereas i think tech investments and tech in general and like utility and applications that that appeals to to pretty much like everyone um you know you you can look at ethereum as just like a new platform to build applications on exactly like uh i guess like what what the apple app store is and the google play store is and what windows is and and linux and all this sort of stuff like it's basically a new platform like obviously a decentralized platform that you can build uh apps on and these

apps aren't you know the traditional apps that we're used to like social media apps or like ride sharing whatever these are apps that are financial services which i was actually listening to a podcast today uh with jim bianco on bank list and he was saying that um in 150 years the financial system really hasn't evolved very much and he was using the example that you know i think it was 18 the 1870s or something like that the cost of a wire transfer was uh three percent of the amount that you were transferring and it took two to four days because the the wire transfer wasn't done electronically of course it was literally done on horseback uh or or or i guess like um if you were rich enough it would be done uh uh with a car or something like that but essentially what ended up happening was

that someone would take them physical cash drive it across or ride across to wherever you needed it to go and they charge a three percent commission for the service and it will take two to four days now in the banking system today if you want to do a wire transfer it still takes two days or even longer than that to do it and they still charge ridiculous commissions on top of that whereas with ethereum and crypto generally moving money just like the simple app simple application of moving money across the world is is insane i mean it's insanely fast it takes if you pay the right fee it takes one ethereum block you could move 10 billion dollars if you wanted to in one transaction in one ethereum block so in 14 seconds your transaction can be confirmed

uh and you have moved 10 billion dollars to literally anyone anywhere in the world that alone is the biggest revolution in finance in history like that just that alone and obviously bitcoin pi did that um but i think you know ethereum makes it programmable it makes it it applies this concept to literally every financial application that you can think of and ones that you can't even think of ones that are coming down the pipeline ones that uh you know we haven't even thought of yet as as i said so uh that's why i've always believed that you know while the payments use case is is revolutionary and everything like that and is a really great thing i think bitcoin obviously moved away from payments and moved towards the digital gold thesis and stuff like that which is fine but

that i think kind of puts them in a corner whereas ethereum hasn't bogged itself down with these singular narratives ethereum is going to do everything uh i think like ethereum can do payments and we can do payments even better than bitcoin can do it because we can do it with any asset you want to do it with and obviously many people want to do it with stable coins they don't want to you know they don't want to do payments in in volatile currencies they don't want to denominate um payments and they need to be stable in volatile currencies uh and yes i've said ether's money before but like i never said it was like good money right good money is is obviously stable so from from that kind of perspective i think ethereum just takes it so much further and obviously it gives like every token on ethereum

programmable capabilities so if you wanted to you can do anything with any asset you want and any of the apps that you want uh that support that asset so yeah just i mean going forward i just can i consider like i i think bitcoin dominance is gonna keep dropping i don't say that ever going back to kind of like where it was maybe you know you know what's funny bitcoin dominance as as um as just short of a few months ago was like 75 or something like that now it's like 45 percent uh and usually it goes up during bearish periods but i think as santiago says here when the dust settles you know i think the space is very very different now and people actually will go into you know during the bearish times people go into cash

you know btc or eth and i think that just more and more people are going into ethno rather than all into btc so it's very different to i think 2018 and 2019 which were very brutal years for for ether as an asset of course but this time i mean without kind of like bringing on the curse of the bear gods i would say this time is different in terms of just where we are in the ecosystem where we are in the adoption cycle and this time ethereum has well-defined use cases with well-defined roadmaps whereas in 2018 and 2019 and even 2017 to an extent ethereum was kind of like still searching for that killer use case it didn't have a very defined roadmap no one knew when proof-of-stake and sharding was going to come along um you know no one knew where d5 was

going to be as big as it was and now in 2021 people can look back and in hindsight say oh yeah that was always going to happen no like if for any of any of the people listening and watching that have been around since 8 2018 and 2019 you'll definitely know what i'm talking about but the 2020 28 babies uh i think you guys have it really good um like very very good uh but but generally um and that's how conviction is man i mean people often ask me like how have you not sold any eight when you when you bought either like ten dollars and you've held it like this whole time it's like well i mean it's easy to have conviction when you've been through that um and you know this doesn't just apply to either it applies to like just anything in general in this ecosystem

when you've been through literal kind of like depths of the bear market when you've been through things where uh you know all hope was basically lost except for the most hardcore believers and then you come out of that at the other side and you get back to a point where ethereum is literally considered you know the future of finance essentially that you basically go from like as low as you can get like rock literally rock bottom to to top of the world and i think that's the journey a lot of early ethereums have gone through and that's why they have such conviction on ethereum and i think that's actually what is incredibly important for ethereum going forward and why it actually can can beat out its competitors is that its competitors have not gone through this ethereum has gone through so much battle testing over the years

starting all the way back in you know 2016 with the dao the shanghai dos attacks obviously the boom and bust of the ico cycle the amount of fud that's been slinged at ethereum the delays of proof-of-stake i mean just so much over the years that you now have an extremely battle-hardened community that is not going to give up on it because if they haven't given up by now there's zero chance in how they're giving up on ethereum um you know going forward so yeah anyway i'm gonna leave it at that i gotta get ahead of myself again but just it's really funny when i just think back and i get a little bit nostalgic about those days and think wow like i was having a lot of fun back then because i had like a lot of good friends and i was traveling to conferences and

things like that but when i just think about how bad uh the sentiment was generally online um it was just absolutely horrible but at the conferences it was good like everyone was really excited about stuff everyone kind of um was really excited about the future of ethereum but uh if you were just sitting on twitter or just like on reddit or whatever you wouldn't have seen that you would have just seen a lot of bitcoin maximalist uh shooting all over ethereum which is very bad for your mental health if you say that every day um but anyway i'll leave it at that for now so arjun is teasing uh something they put out a tweet here which which says this summer anyone will get access to low gas high speeds d5 all with ethereum's finality and security bye-bye banks now i guess that they're

saying that they're going to be supporting uh the layer 2's that are coming online like optimism and arbitrary i mean i'm not going to go through the list again i go through it or every refill it feels like at this point but uh this is key to adoption i mean arjun is in my opinion um one of if not the best mobile wallet apps i mean there's a few out there right now uh like rainbow and coinbase um wallet and there's there's so many of them but in terms of ones that are on the edge of d5 there's only i think arjun and uh and uh and rainbow really and in terms of like supporting all the different protocols and different things like nfts uh they're up there and i believe rainbow's gonna be supporting layer 2 as well so and clear baseball actually supports

layer 2 optimism right now but you know that's obviously not live for a public mainnet just yet but still really cool to see uh that uh you know argents obviously keep keep signaling signaling their support for layer two i think going forward it's going to be an incredibly exciting time in the ethereum ecosystem because of that i think i think people are still underestimating the layer 2 rollout and what it's going to do for ethereum so ali here put together a one five five nine explainer graphic now obviously you won't really be able to see this on the video too well because it is quite a big graphic but i i just wanted to talk about it briefly because i wanted to uh you guys to go check it out because i think it's really great uh you know you can find the link to it in the

youtube description but basically this just gives you um a kind of like visual rundown of how one five five nine works and what the benefits are and i've i mean i've talked about one five five nine like ad nauseam at this point on on the refill so i'm not going to go over it now but i think that these sorts of things i want to see more of if you're this is actually something if you're an artist in this ecosystem and uh or you're like a visual thinker these are the things that you can be doing and adding this is how you add value to the ecosystem you don't have to do any you don't have to do it for money you don't have to do it um you know for you know and expect a lot of attention or whatever but just like doing these sorts of stuff

sorts of things and and and adding value on the education front to people is kind of like i think like a fast way to getting your name out there i've had people ask me like how do i get attention on my new project or how do i get my name out there well one for one it you know you have to grind like you have to really grind um i i had to grind for a very long time to get where i am today but but also um if you're grinding on the wrong things then you're not going to really get anywhere and i think the wrong things uh are things like maybe trying to i guess commentate on like the price or like trading or whatever i'm just trying to be one of those i guess youtube shills or whatever not not me but like one of those ones that the

stupid like thumbnails and clickbait things but if you're adding a lot of value to um you know an ecosystem through education that gets you a lot of attention very quickly from my experience because people love to learn they love to be educated and you're going to get followers who are actually in it for more than kind of like just the fleeting bull market or whatever they're going to be in it through the bear market too and that's kind of what i optimized for i mean i never did anything around trading or whatever like ether was focused on educating the delegates obviously focused on educating all my twitter stuff that i posted or at least most of it was focused on educating i used to actually do a lot of threads during the bear market on on early d5 stuff i stopped doing that when i started doing the newsletter

because i just um couldn't do i couldn't keep up with doing both but generally that sort of stuff is how you grow an audience um but anyway i i'll link this in the youtube description and you can go check out the graphic for yourself so uh bantay put out this uh uh i guess like tweeted out this picture of an excerpt from uh the defiance uh recent newsletter which basically compares yearn to uh three other uh wealth management uh companies here uh and basically compares their revenue the number of team number of team members and their revenue per employee now i wrote a bit more about this in the delegate newsletter but essentially what this is showing is that yearn has 21 team members uh it does 123 million dollars worth of revenue a year right now which means its revenue point per

employee is 5.86 million dollars so each employee if you if you look at it like this in just simplistic terms is generating uh 5.86 million dollars of revenue for the protocol now if you look at the other kind of companies here betterment wealthfront and blackrock while betterment and wealthfront have uh anywhere between two to three hundred employees the betterment does 50 million dollars of revenue wealthfront does 30 million uh the revenue per employee is 17 cents uh sorry not 17 cents um 170 000 for uh betterment and 130 000 for wealthfront so obviously a lot less than than yearn um and they're paying a lot more people to do a lot less than earnings and blackrock's even worse like

blackrock has a lot more revenue mind you uh its revenue is 16 billion dollars um but it has 16 500 employees which means that its revenue per employee is still only around a million dollars compared to yearns 5.86 million now there are lots and lots of different reasons as to why this is the case i think uh the number one reason um as to kind of like why this is the case is because within d5 you have uh you know a lowering of um of costs for deploying these things whereas in centralized finance you have one big cost you have is actually compliance and kind of like having a legal team um having having to have employees for all of that and customer support as well is a huge cost so those three things

don't really exist within um you know these default teams they might have like one or two maybe you know of a legal team but not really they might have like one lawyer on retainer or something like that they definitely don't have a compliance department because they're not they're non-custodial and they definitely don't have a customer support department they just have a discord channel where the community is essentially the customer support department so but this is just measuring i guess like the core team members of yeon it is not measuring the uh dow team members so i mean i guess like the dow community members the ones that aren't paid by yearn but still add value to it or the ones that are paid but on like a once-off basis so someone who creates like a i don't know at the statistics tracking website for yearn

they uh obviously um uh uh adding value but like that's transient it's only something that's happened once um you know they're not probably not getting paid for that every month so kind of stuff like that uh is exactly why i think the the costs are lower here but again this is just showing this just shows like how i guess right for disruption this traditional finance world is if we can do this and yeon isn't like the only example here um uniswap is also a huge example of this uh they do more you know sometimes do more volume than centralized exchanges i remember the camp the comparison being made that unisop had less than 20 employees and was doing and unisa was doing more volume than uh coinbase and coinbase has over a thousand employees again a lot of those

employees are in the compliance uh customer support and legal departments um but on top of that as well you uh the funny thing is is that with uni swap once the code's deployed the core team is not actually doing anything to steward it along or um or kind of i guess like uh maintaining or whatever you know v2 is just like existing as itself v3 is existing as itself and v1 as well i mean for unisoft they're all existing and they're all growing on their own and then obviously unit tops are down now so they have their own community and things like that uh but still the costs are way way way lower than they are in traditional finance which is just another reason why we're going to beat them but anyway i'm going to leave it at that for now so georgios from paradigm put

out a tweet about this blog post from my crypto describing eip37704 which i've spoken about before is an eip to basically greatly improve the user experience for ethereum transactions so essentially what this does is it introduces two new evm instructions called auth and auth call now what that does in practice is it basically allows for a bunch of different things so it allows for sponsored transactions which are also known as meta transactions which means that the gas of a transaction can for your account or your your transaction can be paid from another account which means that you can send tokens without having to have ether in your wallet so say you want to send usdc from your ethereum address but you have no eth well you can pay the fee in usdc but in the background it's still being

paid in eth it's just that it's using this kind of like uh meta transaction functionality to make it so that the end user doesn't have to uh kind of like go and get ether then you also have batch transactions which means that you can send multiple transactions in a single uh uh call here this guarantees that two or more transactions are executed in the same block and can also reduce the transaction fee um and then the improved user experience mainly comes from the fact that you can you can call approve and transfer from functions in a single transaction as an example which means that for example when you go to uni swap and you have to approve a transaction for trading there's two transactions you have to do you have to approve the token for trading then you have to do another transaction to swap the token

whereas with 307.4 it would enable protocols to essentially introduce a way to do these in one transaction where you click uh proven swap and it would do that with just one transaction needing to be signed so this is huge i recommend going and reading the the full blog post here it's a bit technical but it gives a good overview of 3.074 so as i was saying uh the other day uh optimism is catching up back up with the infrastructure rollout for their layer 2 ecosystem here i mentioned that they in march i think they delayed themselves because they didn't have all this infrastructure but now they do and another partner i just announced themselves today alchemy which is an infrastructure provider uh similar to infuria uh they're already supporting arbitrary of course but now they're supporting optimism which was

obviously a no-brainer for them and i'm sure they're gonna be supporting all the other layer 2 in and probably other layer 1 ecosystems as well going forward so really cool to see optimism getting all this infrastructure and it gives me hope that the july mainnet date is still on for them they haven't given a date yet but i hope it still kind of like launches in july here um rather than leading to another delay i think they they're pretty close at this point in time which is really really cool so i mentioned jim bianco before when i was talking about i guess what was i talking about the uh the financial system not changing in 150 years but he tweeted out this chart today that says that eth's adoption is fire up pacing btc because of defined smart contracts so you can see here that these uh kind

of this chart shows the number of addresses with non-zero balances now ethan ethe is like far ahead of bitcoin here and i think this this is definitely because of what he said defined smart contracts because you know to do transactions on ethereum you need eighth so if you want to do anything on d5 you need eight in your wallet so anyone that's kind of like coming to ethereum to use uni swap or curve or compound or whatever whatever app it is they have to have ethereum even though even if they're not going to be using ethereum maybe they want to trade some stable coins for you know some dog token on unisop they still have to have eighth so i think that's what this chart is showing here uh which i think is really really cool it shows that um you know there's a lot

more active i guess like users of ethereum than there are of bitcoin at least the network uh in terms of like i guess people are holding bitcoin maybe there's more holding people holding bitcoin beneath but i think that gap has been closing over time and i think that it's just going to continue closing because of the fact that there's just so much to do more to do with your eth and there's so much more to do on ethereum here so tim biker put together an update on uh sorry a recap of the old core devs uh recent call um uh so you can see uh sorry uh recent happenings in the all-called devs ecosystem so the trdr is that uh london the next network upgrade is of course getting activated on test nets robson is actually happening today uh the merge now has a proper spec on

the eth2 side and the eth1 side will have that soon and while nothing has been decided yet there's been progress on two candidate erps for the next ethereum network upgrade called shanghai which is three zero seven four as i just spoke about and three five four oh now shanghai can happen either before or after the merge it just depends on kind of like where the where the developers are at where the core devs and researchers are at um but that will be the network upgrade that comes uh you know following the merge if we do the merge first or it will happen in december if we don't do the merge by then so definitely keep a look out for that i'll link this in the youtube description you can read the whole update here gives a pretty good overview of what's going on in the core devs

world so seb from zabafi tweeted out some metrics today from zappa they currently have more than 2.2 million unique addresses that have earned exp on zap by using that gamification gamification feature that i spoke about i think a couple weeks ago on the refuel uh last week their protocol did 164 million dollars of volume in just one day uh they surpassed five billion dollars in all-time transaction volume and they currently have 220 000 monthly active users which is the most exciting number to me because i think that these kind of metrics um and something like what metamask puts out about their monthly active users are the best ones to go off because they've they're kind of like harder to fake than oh it gets like harder to game than

having like you know someone having multiple ethereum addresses for example uh you know i i regularly use five or more ethereum addresses pretty much like every week so uh for me like obviously i'm not five people so um but but if you just look at raw addresses you would see me as five people whereas with zappa i'm just accessing it basically from my desktop pc pretty much all the time and that's just like me as one monthly active user here so 220 000 is is insane so congrats to zapper on this i mean i should disclose that i'm an investor in zapier here but like i invested for a reason it's one of the best products out there so if you're not on zapper yet definitely get on there you can become one of the 220 000 monthly active users so finally here we have the rv

grants dao that announced a new kind of initiative or a new newsletter called avenues and so this is at avenues.substance.com uh you can go here and basically see that everything that's happening within the arva ecosystem and of course you can also subscribe to the newsletter if you haven't yet uh to get updates on this i think they're going to do this weekly um there's a lot happening i mean look at all this kind of updates here on in the other ecosystem alone and this is what i was saying before about this space being like basically impossible to keep up with this is just one protocol and this is all the stuff that happened and there's links to like read about it and kind of like dive deeper into it um and you know there's a lot of other kind of i guess like protocols and teams out there that have

more uh uh uh sorry have have weekly newsletters and things like that as well so i mean joan has one like i think maker has an update i mean pretty much like most of them have have this kind of stuff now so uh you know keeping up with this with this ecosystem is more than a full-time job it is getting much much harder as time goes on but i'm glad people are kind of collecting this information together because to find this information yourself would probably take you like hours and hours but this has just been put together by someone whose job it is to do this and then you get to read through it in like five minutes and you get to essentially um uh kind of like get all that alpha f f for free which is really really cool at the end of the day so yeah uh go

subscribe to this if you haven't yet it'll be linked in the youtube description but that's 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 that video a thumbs up subscribe to the newsletter join the discord channel and i'll catch you all tomorrow thanks everyone