Ethereum is profitable, Arbitrum Stylus incoming - The Daily Gwei Refuel #767 - Ethereum Updates

Transcript

hello everyone welcome to another episode of theway refuel where C latest news eum ecosystem I'm your host and this is Unown today's the 20th of April 2024 all right everyone let's get into it so apologies again for missing yesterday's episode everyone I know I have been terrible this week with the refills this will be the third uh I guess refuel of the week but it's happening on a Saturday so I did miss 3 days last week so once again apologies for that but I figured that this would might be the perfect time to offer a bit of a further explanation as to why I've been away uh and why maybe I guess there's been more refuels over the last couple of months than there usually has been so for this B in particular it was a bit worse because i' just been feeling very very run down very tired a little

bit sick I don't didn't really get sick like proper sick but I felt a little bit sick had a sore throat so I figured you know there was no point doing a refuel if I felt like that because I couldn't bring my aame uh so to speak but I did want to talk bit more broadly about this so just you can skip ahead there's time stamps obviously on the video so if you don't want to hear this little Spiel you can skip ahead but I'm going to spend a couple minutes just explaining uh kind of my where I am at right now my position I guess like within crypto right now I've been talking a little bit about it in the Da Way Discord Channel but I wanted to expand on it a little bit so I've been in crypto since early 2017 since I discovered ethereum I did

do stuff with Bitcoin in like 2013 2014 but really it's been like non-stop since early 2017 I didn't work in the industry until 2019 but it was basically my side kind of gig uh outside of my normal job for for those couple of years there but really uh in that entire time from early 2017 till today which is a long time right it's like seven six seven years there um I haven't really ever taken a proper break like people say oh well you know going on a holiday is taking a break or going you going away is taking a break or going you know out outside of the homes taking a break but for me like it hasn't been because what happens is that you know I'll go away somewhere I'll go on a holiday but I'll still have my phone on me right I'll still have my

laptop on me and I'll still be doing crypto things I'll still be thinking about crypto I'll still be going on Twitter I'll still be going on Discord I'll still be talking to people about crypto you know day in day out it wouldn't be a break and you know the the funny thing is for as long as I can remember every single day since I have woken up since probably as far back as I can remember maybe 2017 maybe a bit later than that I have the first thing I do in the morning which is really bad but the first thing I do when I wake up is I check my phone and I don't just like check my phone for important notifications or anything what I check my phone is uh for is I go on Twitter I go on Discord I start reading all this

stuff so immediately not just literally just as I wake up before I even had breakfast or a coffee or anything I'm straight into it so I don't even give myself time to like kind of wake up there or a break from there it's like I get up I do crypto I go you know until I go to bed basically I'm thinking about it all the time now of course this doesn't uh I guess lend itself to being able to take breaks if you're just thinking about it 24/7 and anytime that I've traveled most of the time it's been you know to a crypto conference really over the last few years then you know I think there's been maybe two kind of trips that I've taken that had nothing to do with crypto but usually it's got to do with crypto I mean I'm going on a

weekl long trip to Sydney in a couple of weeks uh for eth Sydney less than a couple of weeks and that is a you know that's a crypto trip it's not a holiday it's not like an an outside of kind of like home holiday it's a it's a crypto thing right it's it's a work thing so to speak not that I think of crypto as work but that's what it's kind of like there so all of this is to say is that like I think it's finally kind of caught up with me in a very real way where essentially my kind of like mental capacity and physical capacity to be involved with crypto as much as I have in the past is is finally at its breaking point I think I really do need to start taking proper breaks not just from crypto but from like the digital

world generally because I spend so much time at a computer so much time in front of my phone and I'm going to make a concerted effort to to do that going forward now I don't know when that's going to be I feel like in the future some sometime in the future I should say I'm going to take a hard break from crypto and I'm not talking about like taking a week off the refuel and still being on Twitter still being on Discord I'm talking about like a full cold turkey kind of hey like I'm not going to be around for a week no I'm not dead I'm just like not around I'm not contactable for all my crypto kind of friends and all that so that'll be something that happens in the future I don't know when sometime soon probably because I I think I I feel like I need it but yeah that's

a big reason I think over the last couple months especially that I've been missing refuels just that I I get burnt out pretty much like every day and I feel like I'm running on on fumes there but enough on that I don't want to spend the whole episode talking about that but I figured it was worth explaining myself to you guys because you guys have been my loyal followers for such a long time now I mean I've done over 750 refill episodes not to mention all the time I spend talking to you guys in Discord and on Twitter and on farcast and everywhere else and you know this really is my life and I really do appreciate each and every one of you for tuning in every day listening on the podcast watching the the video talking in the Discord Channel like I love it but at the same time like

it doesn't matter how much you love something if it becomes something that encapsulates your whole life uh and and you feel like you need to take a break from that's kind of what happens from from that perspective there so yeah I'll keep you guys updated on when I do take that kind of hard break there but uh but yeah for now I'm I'm still around I'm still going to be here hopefully no rug fuels next week but as I said I am heading to Sydney so there will not be a Refuel on May 1st 2nd or 3rd which is Wednesday Thursday Friday in not next week uh the week after so yeah there won't be uh refuels on those dates and I'll be back the the following Monday which I believe is like the 8th or something or the 9th I'm just checking on my my calendar here um no it's the

it's the 6th actually yes sorry I was getting ahead of myself so Monday the 6th is when I'll be back but I'll be away I won't sorry I won't be doing a refu on the 1st 2nd and 3rd of uh May there but anyway I am doing a refu today and I just noticed I'm on the wrong first tab so this is the first tab that I wanted to talk about which was something I don't know if I'd say this is related to the eth ETF but I'm going to put my tinf fall hat on a little bit here and and discuss a little bit about the uh the SEC generally here so Elanor tet here who is a journalist at Fox Business who I've talked about before on the refill she shared this uh kind of thing on Twitter that one of the sec's

Commissioners so just to refresh you here there are five Commissioners as part of the SEC with a chief commissioner that is Gary Gensler three of them are Democrats gendler being one the other two the chief gendler obviously being a Democrat the other two being Democrats as well and then there are three sorry two Republicans now of course we know that this means that uh basically the Democrats have control of the SEC because they have the tiebreaker vote because anytime that this Commissioners have to vote on anything it is a 3 to two right because obviously the Democrats are going to vote together and the Republicans are going to go vote together that's just how us politics works unfortunately like it's so you know divided it's so kind of binary but in saying that the reason I'm bringing up uh this today is because one of those Commissioners and a Democrat

commissioner Caroline CAW her term is actually up on June 5th and Elanor says here are scrolling through the White House statements on nominations the White House has not yet put uh put out a nomination for her or anyone else for that position so of course she uh her term is up on June 5th but I believe that she can be renominated here and then uh reappointed but there has been there hasn't been another nomination put forth for her or onlyone asked for that position and there isn't really that much time to go until June 5th right like we're already almost at the end of April here so there really is uh 6 weeks s weeks left of her term so if she isn't renominated and someone else isn't nominated I don't know what happens then like is there going to be four Commissioners and then is everything

just going to be a t a tie from there like everything they vote on is just going to be a tie uh I don't know what's going to happen there so we're going to keep tabs on that but it's kind of funny because if she doesn't get renominated right or if she isn't going to get renominated if she's been told that she's not going to get renominated here and maybe she wants to stay on as one of the Commissioners does she get like uh disgruntled and then does she vote against the Democrats on the commission the other two Democrats uh on things as kind of like at Fu hey you know Screw you for not renominating me I'm going to screw you guys on the way out sort of thing and this is where the tin fall hack comes in because as we know the

deadline for the eth ETFs or the first deadline for for for one of the eth ETFs is May 23rd uh and that's what 12 days before her she's out basically Caroline's out unless she gets renominated here so if she doesn't get renominated does she break rank with the other Democrats and vote for the ETFs to get approved on May 23rd just as like an Fu and now I know as I said like this is full tinf fall hat Theory here but that was something that that kind of um I thought about when I looked at this I'm like hm the timing here is suspect but to bring us back to reality here and to take the tinf fall hat off I think that you know even if she was to vote to approve these things then it would still probably be a while for them to go live

for trading if none of the paperwork had been done so this is another angle that I don't think I've talked about before and and from my understanding this is actually something that can happen basically the E atfs could get approved on on May 23rd but if none of the paperwork had been done then they're not going to be going up for trading for you know for for a while basically it would have to go through all the paperwork have to go through everything else but from my understanding they could get an approval on May 23rd still even if the paperwork hadn't been filed there but again wrapping this back to what I've been saying for the past few months I hate how much speculation there is on this I hate how we've heard absolutely nothing from the SEC nothing from the issuers all we're doing is speculating

on things and we're getting so close to the deadline now guys I mean what is it it's uh it's May 20th here uh sorry April 20th here we're just over a month now from the deadline and I know that everyone has basically priced the E ETF as a full denial I I know that there is um there is like no hope for lots of people and that's fine like I get that I'm still you know of the opinion that they're going to get approved but as I've said before I'm going to give it till the end of April um and then you know maybe I'll say that I Chang my stance there but at the same time I think that I'm just going to keep my stance if I'm wrong I'm wrong I don't really care at this point if I'm wrong because I'm going to be wrong based on

reasons and that's I think that the reasoning is kind of the Crux of it here it's not whether they deny or approve the ETFs or I guess like it's not whether they deny the ETFs it's the reason that they give to deny the ETFs because people are speculating that they're going to deny them based on saying that eth of security I don't think that's going to happen I think they're going to if they deny it'll be based on the spot Futures correlation because doing the security thing is just like a whole other can of worms doing the future spot thing they know what they're getting into they'll get sued again and then that lawsuit will take a while to resolve probably won't resolve till next year and then they can kick the can down the road if that's their goal if that's what they want to do they

can kind of do that there but yeah enough kind of talk on the ETF stuff there I'll leave it at that so this was something that I saw I don't know when this was April 18th so this was a couple days ago so token terminal posted this uh tweet thread uh all about ethereum profitability as a network now I'm just going to do a tldr here essentially what token terminal has posted about and what I've talked about a lot on the refill is that ethereum really is the only profitable blockchain out there because ethereum as a blockchain obviously generates Revenue but it also has expenses now this is where a bit of the drama comes in around how to define expenses for a chain but in terms of like revenue and expenses this is how uh I guess the general kind of definitions are made so in terms of Revenue ethereum

generates Revenue via fees right on and this is ethereum L1 I'm not talking about the L2 here I'm just talking about the L1 so it generates Revenue via fees so every uh fee that's paid some of it gets burnt or most of it gets burnt and then some of it goes in as tips and there's also meev which is revenue for validators so obviously all of that Revenue goes to the validators and anything that's burnt goes to all existing eth holders right all current eth holders whether they be stakers or otherwise if you hold eth you're getting a portion of that because of the fact that e is being burned so it's basically like a stock buyback so to speak there so that's that's the revenue aspect of it now expenses is where things get controversial and a bit tricky so if you just take the very I guess like vanilla

version of expenses you could say that ethereum's expenses is basically all of the new eth that is being issued to secure the network so all the new eth that is issued to validators as consensus layer rewards this is brand new eth that's issued as inflation essentially that is not uh not coming from the existing pool of eth it is brand new eth that didn't exist before now the reason why this gets controversial is because people take issue with calling all of these this issuance like 100% of these issuance uh expenses because really if you think about what the what the issuance is being used for it's being used to pay the validator the validators don't have the amount of costs that they get from this expense basically so essentially to

break it down let's just say as a validator you earn 1 E per year or something that has a single validator it's not that much I think from from the top of my head but let's say you earn one eth per year for running it as a solo Staker now that one e let's just say it's worth $33,000 so your expenses every year is probably not going to be $3,000 right because your electricity your bandwidth expenses aren't going to be $3,000 for a validator because running a validator is extremely lightweight maybe your initial expenses were uh I guess like if you want to think about initial expensive like $500 or something like that but really ongoing expenses in terms of op Opex or operational expenditure it it for the whole year is not $3,000 like that would be ridiculous

you would have to be doing something wrong for it to be $3,000 I know for a fact it's not $3,000 because I've done the calculations myself before it's nowhere near that so and you're not earning one eth I guess like either for for staking because at the current staking rate if you're earning 3.5% uh actually you are like 1.1 e year okay if you're earning 3.5% on a 328 deposit uh I believe it's 1.18 if I'm doing my math correctly here 3.5% of 32 is one yeah 1.1 1.12 uh kind of eth that you're earning there so yeah my my my napkin math was right there so yeah let's just say you're earning just for argument sake 1 18 a year per validator yeah your expenses aren't that so that's where the controversy comes in where people say okay well can it really be considered an

expense if that person that's getting paid out that eth only needs to sell maybe 10% of that eth so 0.1 eth to cover their expenses and I would argue that yes it still counts because the network is a ly overpaying for security in that world it's overpay it's basically paying out too much new eth to validators when it doesn't need to be paying out that much and this is actually going back to a lot of the discussions around uh issuance that I talked about on previous refuels but essentially I would argue that it's still an expense because the network is still printing new eth it's still paying out this eth to people who have the option to sell it and now we're not even taking into account uh uh taxes or anything like that like imagine if you're a stup based in the uh the US uh

just for an example here or anywhere that that's charging you income tax on your staking rewards that is an expense guys that is eth that needs to be sold to cover those taxes so now we have the real expenses of running the validator now we have the tax expense and then we have the the fact that the rest of the remaining eth can still be sold can still be sold into Dollars can still be sold into another asset so to me it's still an expense even if it isn't sold to cover a uh I guess like tangible expense of the um of the validator of of running a validator to me it's still an expense that the network is paying out and this applies to every Network that has inflationary rewards now of course it's different for proof of stake as it is for proof of work so this is where the

term structural sell pressure comes into things where essentially this is basically impossible to quantify but you can make the argument that because uh something like a proof of work network uh it uses its it's um it uses lots of energy it uses a lot of uh uh you know mining machines it's very expensive to set up you know it's got way higher expenses than uh proof of stake network does you can make the argument that near 100% of all of the rewards paid out to proof of work miners so let's just take bigcoin for example near 100% of all BTC paid to miners is sold to cover those costs and they inch out like a few percentage profit or something like that let's just say their profit margins on average over many years I'm not talking about like day-to-day I'm talking about like average out over many years let's

just say their profit margin is 5% right so 95% of the new BTC that's being issued is being sold to cover expenses and then 5% is is is is a profit there which they need to realize anyway so they can keep it in BTC but if they want to realize that profit if they think let's just say they think the market is too hot and BTC is at like 150k and they're thinking okay well you know this is going to be the top for BTC I'm going to sell what I've got here then that becomes structural sell pressure right so the same is true for a proof of stake Network just because you're paying out this stuff and only a little bit is being used to cover the expenses of the chain right uh sorry to cover the expens of running the validator doesn't mean

that it's still not an expense to the network I I would argue that it is now of course this is not even talking about the fact that eth is net deflationary due to the burn I'm just talking about the pure expenses that are paid out or the pure eth inflation that is paid out to the uh validators to secure the network and it is more than uh we need to right now it is more than it costs to run the network and I guess like in the future maybe it goes down maybe it doesn't we don't know right because there's ongoing discussions around this but that's how I view it there now the reason I bring up uh all of this of course is because of token terminals thread generally which is a really great thread that goes over the fact that ethereum is the only profitable

blockchain in that even if you use their definition of expenses which is the one that I actually would use where that 100% of new e that is issued is an expense it's not just the structural cell pressure from running the validator it is just all of the eth being issued there as I said eth is net deflationary which means it is profitable it is taking in more Revenue than it is uh uh expanding in in in in expenses in in basically new eth issuance it is generating more in Revenue via fees than it is issuing in expenses there and that's why we say eth is n deflationary and e ethereum as a network is profitable and it is the only profitable chain in crypto by far like nothing else even comes close to it and I'm not talking about l2s guys I'm talking about L1 chains cuz l2s have um are able to

achieve profitability a lot easier than an L1 because they don't need to pay out a token to secure themselves because they're just piggybacking off of L1 like like the l2s do today like and I should say rollups generally um now if you're just looking at the from the L1 perspective nothing comes close not Bitcoin not any of the other kind of like ethereum Killers or whatever you want to call them right they don't come close they're actually on the opposite side of the spectrum where they're issuing a lot more tokens than they're taking in in fear Revenue especially something like Bitcoin I know Bitcoin has short periods of time where it's generating a lot of fear Revenue I think that over the last 24 hours Bitcoin will have generated $100 million of fear Revenue which is I think record because of this new runes token protocol but I'm

talking about like sustainable long-term multi-year fear Revenue here nothing comes close to ethereum nothing even like especially since IP 1559 where we had the fee burn and since the merge where issuance was dropped nothing comes close to ethereum L1 here um and it doesn't seem like anything's going to get close to ethereum L1 anytime soon in terms of like a long-term sustainable thing I'm not talking about like on the daily time frame or the weekly time frame even the monthly or quarterly I'm talking multi-year time frames here because ethereum is being built or has been designed to be a sustainable chain no matter the you know no matter what the fear revenue is but generally we uh kind of make the assumption that ethereum block space is going to be in demand from not just people using it on ethereum L1 but also the L2 settling

down their their data and proofs which obviously we just kind of gave them more scalability with blobs that's why their usage has gone down of ethereum L1 but it's going to go back up again with L2 scale so yeah I just wanted to point out that ethereum is the only profitable chain out there and this also I guess goes to what I was saying a bit earlier in the daily way Discord channel for those following along with those discussions about how I think is eth is just like so stupidly undervalued right now like if e was a company like it like and just valued based on a kind of PE ratio here it would be worth less than what it is today just based on pure PE ratios um but it would still be worth a lot more than I guess like so many other

companies out there and and and I think there was a metric that showed that ethereum is more profitable than than the vast majority of companies in the S&P 500 for example right except the the top ones are the top 10 or 20 or so there so ethereum as uh you know as as a network is just like stupidly profitable and has been for a very long time but we all know that eth is valued as more than just its p ratio right or more than just its revenue and its earnings it is valued as a story value and as a money and it is valued as as a play on the ecosystem the ethereum ecosystem now if you value it like that which I think it is being valued like that it is stupidly undervalued today and I think that is still like a ball being held underwater

where essentially the person holding the ball underwater their muscles are getting real sore at this point like I know I've been saying this for a while but I'm going to keep banging this drum their muscles have gotten real sore at this point and eth is just reaching I I think is going to reach a Breaking Point some point soon where uh eth will just rock it up and this has happened you know relatively recently as well I mean eth was stuck at like the 2K level for quite a while and then within 6 weeks it went to 4K I know it's back at 3K now but this is what I I mean by the fact that like eth is just like a ball held underwater and I think that as uh you know we get more clarity over the eth ETFs whether that be approval denial it

doesn't matter at this point it's just like a narrative that's overhanging on eth once um you know more and more new money comes into the ecosystem uh I believe that it's going to be going into eth so I believe eth is going to do really really well going forward there but yeah the fact that ethereum is the only profitable blockchain guys like how do you think tradire is going to position eth to their investors even without an ETF even if they want to get exposure in other ways how do you think they're going to they're going to um present ethereum as a network to them how do you think they're going to present ether as an asset to them that's how they're going to present it to them as this and it was also as a kind of like story value money bet on the

ethereum ecosystem as well which continues to grow there but you can go check out token terminals full thread I'll link it in the YouTube description below but I just wanted to kind of have that little bit of a a rant there about that one all right so uh there was an update from eth Panda Ops over I guess like the weekend uh yes this was yesterday so they say here our newest blog prst introduced introduces something called assertor which is a new endtoend cross client integration testing tool that operates at a higher abstraction level than Hive so you can check it out how it works and how the eth panda devops team is using it to automate to do automated testing on fullscale ethereum test Nets so if you ever wanted to get more of a peak into how the ethereum uh Foundation specifically does I guess like or the

ethereum core developers and researchers do devops this kind of stuff is where you'll get the that information from from now this is one for I guess like the devops people out there and the developer developer people out there you can go check this out I'll link in the YouTube description below but I just wanted to put it on your radar cuz I thought it was quite interesting and quite an interesting little bit technical read but definitely go give it a read if you haven't yet all right so puffer has their mainnet Rush which is now alive so you can dive in to earn five times puffer points and IG layer points with your St or wrapped St deposits you can keep they want to keep the momentum going for a decentralized ethereum and you can access this at quest. fi and I know you've got like all these opportunities

right now to kind of farm these points whether they be like ien layer points or puffer points or ethery or swell or Renzo or other kind of ones there's so many out there right now it's kind of hard to pick it I think um but I think what people have been doing at least from studying the airdrop hunting channel and the dead great Discord Channel they've been like spreading out their eth amongst these things which I guess it makes sense because you never know what the token going to be worth obviously like you expect the points to be converted into tokens you never know what the token is going to be worth so you want to have exposure to all of them but also maybe from a risk perspective as well that like not all your money is in like one one of these protocols it's

spread out amongst the other protocols so I I think it makes sense from that perspective but yeah I just wanted to put this on your radar because uh obviously puffer is still doing their campaign here with their puffer points they're just one of the ones you can use I mean you guys know I'm an adviser to puffer just as a disclosure there but I'm an advisor to the other ones as well like swell and eat the fire so yeah it's it's not me just try trying to pump my bags or anything like that and as you guys know I don't actually Farm any of these protocols myself like I don't put any money into these protocols because of the fact that there are conflicts of interest there but I figured I'd just put it on your radar that there are more points you can earn with puffer here if

that is interesting to you all right so optimism has detailed their retr funding round four for onchain Builders so you could sign up on May 23rd uh that's a funny date uh for to to be able to in a allocation of up to uh 10 million op tokens that's going to reward super chain Builders so essentially this is just for Builders um you guys will remember that I covered that the fact that optimism has kind of pivoted away from doing just one round size fits all for their retro funing rounds uh they're doing it in four different rounds I believe for four different categories here for for this year so this is the first one which is on chain Builders which has 10 million op up for grabs which at current time of recording I think is like $22 Million

worth of op or something like that so essentially if you are a builder you can sign up for this and it is only applying to builders that are part of the super chain ecosystem so that includes obviously op main net but like other chains like bass and mode and um and and Zora and and stuff like that so yeah if that's someone that applies to you if you're someone that's building in that ecosystem you should go sign up to this I'll link this in the YouTube description below uh for you to check out there all right so arbitrum stylus has been coming for quite a while now as part of of the arbitrum ecosystem here I mean I think I've been talking about it for a very long time now but Rachel who is the lead of uh of building arbitrum stylus posted this twe tweet today where

she shared that there is an arbitrum stylus uh PR that's currently uh in motion on the GitHub here which basically I believe merges all of this into the arbitrum stack which means that the as it said here this PR will enable the upgrade to go live as part of AR os3 which means that arbitrum stylist will finally be live on mainnet here which is great to see because just for refresher here guys arbitrum stylist aims to substantially reduce gas cost on the arbitrum uh one chains and I believe arbitrum Nova chains and really all orbit chains I think is the goal here as well as making it more expressive so that people that want to code their smart contracts in things like uh rust uh and C++ can do that and still compile

it down to evm so a lot of really cool stuff for developers coming here on but also for users because there's going to be huge reductions here for the arbitrum ecosystem based on that because they're able to get more bang for your buck when it comes to gas by coding in languages other than solidity here so yeah I just wanted to say that that's coming soon get excited I know I am I really want to see this kind of ecosystem flourish and I really want to see what people do with arbitrum stylus all right last up here so grow the pie heard me when I was complaining about the fact that on their new kind of fee tracker website for l2s uh they basically had a display of the fee in a very confusing display um where it said that the median fee was you know

0.16 but it didn't read like that it read like 16 cents so now you can toggle between uh USD cents or full dollar denominations uh on um on on the fee page here which is great to see now I don't have the page up uh right now but uh where is the page actually no they've only got screenshots of the page they haven't linked the page in the um in any of the tweets that they've got here but I believe if I go to the grow the pie website no actually it's here I'm going to go to the the page here just bear with me for a moment guys sorry it's uh it's here yeah so essentially uh this is the new Fe page that they've got at fees. gray. XYZ so now instead of reading it as uh you know in this mode you can basically toggle to full dollar

which is what I'm used to like watch looking at it in full dollar mode rather than USD cents mode because now you if you denominate in full dollar mode you can actually see that the median fee for something like let's go to to something like mantle is 1 cent here so it's displayed as 0.01 which is 1 C but if you were to go to USD cents it would be displayed as 1.0 cents right which to me just like without reading the Sense part reads like uh a dollar right so I'm glad that they've got this now CU I prefer to denominate in in in full dollar even though if you look at like Zora it's like oneth of a cent that still makes more sense to me than looking at it in USD Cent so thank you for to to grow the P for uh you know putting that setting

in there the you know the gr pie team is really really great I've been following them for quite a while now and I'm glad they heard my feedback on this so you can go check that out for yourself I'll link it in the YouTube description below but I think that's going to be it for today's episode so thank everyone for listening and watching be sure to subscribe to the channel if you haven't yet give it a thumbs up subscribe to newsletter join the Discord Channel and I'll catch you all on Monday thanks everyone