Poly Network exploit, ETHOnline announced and more - The Daily Gwei Refuel #184 - Ethereum Updates

Transcript

hello everyone and welcome to another episode of the daily gray refuel where recap the latest news and ethereum ecosystem i'm your host anthony sosano and today's the 11th of august 2021 all right everyone let's get into it so the uh i guess like infrastructure bill that we've been covering over i guess last week or so uh finally went to the senate for a vote and they voted 69 230 to pass the bill with the original crypto tax provision intact which you can kind of like see below in this link here that will be this will be linked in the youtube description you can go check that out uh and next up the bill is going to go to the house which is in recess until september 20th uh and we don't know yet if we'll have a chance to make amendments there uh to be tbd um

so this was jake chavinsky putting this out he's been following this and i've been you know uh talking about his tweets on the refill a lot lately uh this is the end of the road until september 20th you know we're gonna see how the how the house shakes out there but really i mean the house is gonna pass this thing it's just if we're gonna be able to get amendments in before they do so for this crypto tax provision then if that doesn't work i think we're just gonna have to battle it out in the courts for for quite a while to see if we can get the language changed but the original language was was still really really shitty like it was it wasn't as bad as one of the amendments but it was it was really crappy and that's why there were these amendments right

um but in general it feels like people have just shrugged this off and been like okay well if you guys are gonna you know treat us like this then screw you we're gonna out build you we're gonna keep we're gonna keep innovating here and keep building the market doesn't really care and i think that people wisened up and were like okay well this doesn't go into effect for two years anyway i'll till 2023 anyway and there is still a chance that we can change this and at the end of the day a lot of this is unenforceable anyway so even if like the agencies wanted to take enforcement action against certain actors it pretty much kind of it wouldn't hold up in a court of law because it's just it's impossible to enforce there's just no um you know uh a real way to to do this enforcement and

and basically follow the language of this bill here so i think yeah i mean yes there was a lot of noise made about it yes it was good that people called their senators and everything like that but generally i i'm of the opinion that this is not going to be anything that like kills crypto or anything like that and i feel like there is hope in the house and there is hope in the courts if we have to go there to get these amendments through uh so yeah don't lose kind of like hopia uh the the the my i always look at the markets as kind of like the barometer of this sort of stuff and if the markets don't care too much it just seems like uh really at the end of the day most people are brushing this off i think you know people aren't panic selling and and

the markets have been really really bullish throughout all of this so it's been great to see that but yeah that's this is going to be i guess like probably the final word on this until september 20th so i'll be covering it next month when we get some movement on this but yeah for now it's kind of on ice i think so there was a hack or an exploit whatever you want to call it that went on last night and it was the biggest kind of like exploit in i think d5 history i don't even think i would call it a d5 hack so what ended up happened happening was that this thing called poly network so not polygon poly network uh it was like a cross-chain kind of um i guess bridge protocol or something like that or it had something to do with cross-chain bridging and uh i think

there's about 611 million dollars stolen in this in this hack so it was obviously very very big and you know people were watching kind of like this play out in real time on chain where you could actually see what the hacker was doing kind of um where they were sending the funds to they sent some to curve and then they were kind of like uh the usdt that they had got frozen and someone actually sent a message to them saying hey your usdt is frozen stop trying to trying to move it and then the the hacker actually sent this person uh one point three three seven eighth yeah which which was quite funny uh sorry thirteen point three seven eight which is which is quite a lot of money there's like 40 grand or something like that uh and then that person ended up sending

like 1.378 to vitalik or something or all of that i don't know something something funny like it was just weird watching this all play out but in terms of what happened with the actual exploit itself there's this great thread here from calvin victor who i believe works with optimism but he basically explained how the hack worked now the trdi here is that i mean obviously the co the the code was not correct it was done in an insecure way and what ended up happening was that this attacker was able to uh where was it here basically without compromising the private key they were able to craft the right data and just hijack the um the contract so essentially i guess like change the keys in the contract and give them controls over it and able to kind of like steal the funds now i you know

i'm probably like butchering that explanation there but this thread goes into detail about it and technical detail as well um but yeah essentially this was like quite a big hack and then in the end it was funny because like uh the attacker has started to return the funds now to uh you know to tipoli network and i think so far they have returned i think it was like something like 40 million dollars worth of the funds or something like that this story just keeps getting updated i've seen it updated a few times um but yeah they're returning the funds but also what ended up happening was that this attacker actually got identified uh you know some one of the accounts uh i can't remember which account it was but one account i saw on twitter tweeted out saying you know we've identified this person we

know their ip address whatever blah blah and i think that caused the attacker to basically panic and be like oh crap like you know basically they found this exploit but they were really amateur about their opsec apparently they had sent funds from a centralized exchange which they had kyc on to the address that they performed the exploit with and were moving funds to so this whole thing was just like complete amateur hour um and what was hilarious as well at least i mean not hilarious people lost money but was hilarious to me is that no one had heard of this project on twitter like polynetwork or o3 whatever apparently it was part of the neo ecosystem and and like the ontology ecosystem and things like that but no one that i know had ever heard of this like i talked to heaps of people about this and

everyone's like how did this project have so many so many so much funds in it and it actually spoke to the east west divide that we're seeing uh in crypto and this project was based in asia like the and a lot of the users were based there and were kind of like um either from china or other parts of asia kind of interacting with this and that's where all the money came from and it really just shows like how big of a divide there still is between those markets now whether that's because of uh you know the language barrier or the cultural barrier i think it's a bit of both but it's just insane to me that literally no one that i spoke to who pretty much all of them i guess like we're based based in the u.s or europe some of them are in in southeast asia uh

but things like that but i think this was like heavily um heavy had heavy chinese uh users in there um but essentially like none of them had heard of this ever and and it's just weird that there was like this much money in there and people hadn't heard of it and so this whole thing was just like very very weird but i guess like good that the attacker is returning the funds here but i don't think that's going to spare them from any kind of repercussions if they actually are kind of like doxxed if they are known and they have been found out well then they're definitely going to face repercussions here whether that be through the legal system or kind of like um you know someone just kind of doxing them publicly and and basically you know they'll be on the run for the

rest of their life or something like that something crazy it's just this whole thing has just been wild to witness and i wrote a bit more about this in the delegate newsletter today where i basically explained that these things are like real-time heists right where as soon as um the first announcement is made on twitter that a hacker's happened everyone in the world can automatically see it and follow it like you could go on either scan follow along with transactions you know follow along and any messages being sent and there's people updating it i mean the blocks really fast here they they update there they put the story out and they update it then there's people breaking down what the ex what exploit actually happened and everything like that and this is all done within a few hours whereas if you were to try and do uh

trying to monitor something like this in a traditional finance system you wouldn't even hear about it for a couple of years because it would be completely opaque you know it would be an internal thing where everyone would be kind of um internally would be trying to fix this and you'd never kind of like hear about it until the end where maybe someone got fined or like there was a slap on the wrist or maybe someone went to jail or something like that and you really have no idea whereas within hours you just basically have a full diagnosis and analysis of what happened uh during one of these kind of like hacks or exploits or or rug pools whatever you want to call them which i think is just absolutely really cool about crypto i just think it's it's awesome that we can we can learn from

these hacks and learn from these exploits really quickly and and essentially um uh be able to kind of like piece together an analysis in just like such record time i mean i think within a couple of hours there were already early preliminary analysis on on these sorts of on this kind of like exploit here which i thought was pretty cool but yeah i think that's like the tldr there on everything uh the block has probably some of the best coverage on this so you should definitely go check out their coverage on it um but yeah i'm gonna leave it at that for now and i'll probably talk about this more if there's any kind of like updates on this uh throughout the week so frank chaparra from the block put out a tweet today saying that coinbase has confirmed that he's been working with elon musk spacex and tesla and as part

of their q2 earnings the firm said that it counts 10 out of the top 100 hedge funds as its clients um dan loeb's third point is a client according to the firm as well uh and you go you can see the actual release here on the block it's basically a a kind of like news release here from frank detailing this in a bit more kind of like detail there and on top of that uh i think here uh john genty posted here from from coinmetric saying that the uh the percentage of eighth traded on coinbase uh uh was actually more than the percentage of eighth traded for q2 uh i believe of 2020 uh 2021. um you can see here yeah eighth accounted for 26 percent bitcoin accounted for 24 which and i you know i commented here

saying you know this is just another flipping under eighth belt because at this point in time even ethereum has flipped bitcoin in pretty much every conceivable metric i mean if you really think about it the only thing left is market cap and i think that's coming sooner rather than later for a variety of reasons obviously i i obviously truly believe in the flipping and stuff like that but it's just insane to see like how far this has come like no longer is eth the underdog to to bitcoin i think bitcoin is pretty much becoming the underdog to ethereum and at the end of the day it has no chance of kind of catching up with it there's no kind of like innovation happening there and if there is it takes lots and lots of time to to even just innovate on small things like for example i'm pretty sure taproot had

been in development and research for as long as one five five nine if not longer and taproot really didn't do anything big for the bitcoin network it was more of a smaller upgrade and it took you know about the same amount of time if not longer than one five five nine to be implemented whereas one five five nine actually did um you know a huge thing for the network right it started but it's if it's um working to fix the ethereum uh fee market and also it's it started burning eight we drove direct value back to eath holders uh so just like contrasting the two there is a pretty big deal i think but yeah i mean just pretty insane to see like how far it has come i mean you can see here the percentage like has been catching up over time you can see in q2 of 2020

which is just a year ago bitcoin accounted for 57 of the trading volume on coinbase uh and with ethereum only counting for 15 uh and now like it's much bigger and also the other crypto assets category has has ballooned to 50 but that's been constant i guess over the last few months uh but generally you know that's the thing you want to watch like who's the king of these kind of markets and i've been noticing this as well like watching the markets and things like that i mean i'm not a trader but i do kind of like to watch the volumes and stuff like that because that that definitely tells a story about like what assets people are interested in trading and i think just more people are interested in trading eighth you know buying a a like investing in ethan a lot of people are

buying eth because they need that to do things on the ethereum network and now that we're burning this eath we're literally removing each from the active floating supply because people have to buy eth from the floating supplier to use as gas fees and then most of that gets burned it's just quite amazing to see how that's been playing out and i guess like on the one five five nine note as well uh the ultrasound money website has now been updated you have a one hour burn leaderboard uh two extra burn leaderboard rows uh fee burn time ranges uh 1 hour 24 hour uh et cetera and burn rate in eath per minute here so this is quite cool that they're still updating it here and another tweet from ultrasound money uh they put out today was that there was a new burn records 58th or almost 58 was burnt in a single

block uh which i i'd like to call um an ultrasound block uh because obviously it it we burned more than we issued because only two eighth is issued per block and there was 624 eighth burned in five minutes uh as well because wounded up what ended up happening that there was this nft drop today from voxels or something like that and obviously people would like phone tried the phomo in or whatever and a lot of it got burned because of that so now as i've been saying like for before one five five nine went live i was like you know i hope these nft projects just wait till it's live because then we can just burn eath and and and you know we can basically have like a positive externality from the gas fees skyrocketing in price here but uh yeah i mean and then they said ultramark 150

which means that it was like extremely deflationary for that period of time which was which was quite cool to see um there's more 1559 stuff i wanted to talk about uh yeah so here from alex from nansen uh said that around half of all newly issued eth since 1559 was rolled out has already been burned which is crazy right i mean you can see here new issued 8th was 50 000 and the burn was 25 000. so essentially the burn is accounting for 50 of the total issuance which means we've already dropped issuance we basically did a bitcoin harvesting right like where uh whenever the bitcoin hovering happens it drops issuance by 50 to from the block reward but we've essentially done it by not reducing the block reward but reducing the uh the the total kind of like supply going to minors uh because

we're burning uh that uh that in fee revenue but also like as i've been talking about a lot you know over the the past few refills when the merge happens we're gonna be doing three of these bad boys plus one five five nine and i and i put out a tweet today saying one five five nine was the appetite appetizer um the merge is the main course that is what all of this is working towards and we're gonna be dropping it by ninety percent issue it's dropping issuance by ninety percent and having a triple hardening here so at this point in time uh eth is already net deflationary if you uh account for like the proof of stake issuance not the proof of work issuance uh so yeah just really really cool to see that as well and then also this blew my mind today

like i had already known that uh that ethereum was doing much more fair revenue than bitcoin was doing but when i compared these numbers like this it absolutely blew my mind so i put out this tweet where i said the ethereum network has burned 80 million dollars worth of fee revenue over the last six days so it's been six days since 1.559 went live and the bitcoin network has only generated 3.6 million dollars worth of fees over the same time period with no btc being burned so that fee revenue doesn't really mean anything right that's just going to miners to be dumped whereas ethereum burned 80 million dollars worth of fee revenue but there was still another kind of i guess like 30 or more of that uh or 25 maybe more that was uh still went to miners

right so so we probably had over 100 million dollars worth of fee revenue over the last six days of which 75 of it was burned uh which is just insane to me like it just it's so crazy to me that bitcoin relies on fee revenue for its security whereas ethereum is not going to because it's going to have a perpetual perpetual block reward in even under proof of stake but the bitcoin network just really isn't being used at all i think the 24 hour fees for bitcoin the bitcoin network is 600 dollars whereas for ethereum today it was 25 million dollars so it's just absolutely insane to see the difference here and you know this difference over the last six days is that 22 times different so ethereum is is burning 22 times more fee revenue than the bitcoin network is actually um

generating in in that kind of same period of time there so really i mean as eric says here it's almost as if trying to improve the protocol instead of reading it as a sacred text is beneficial and that's what ethereum has always been about we're not like okay well this was the monetary policy at the start we're gonna keep it that way uh forever because that's the right way to do it no we're gonna keep iterating we're gonna keep improving which i think is really really positive obviously and i just think it's mind-blowing when you put these things side by side and i mean i don't like to compare ethereum to bitcoin too much because i really do think it's it really is comparing apples and oranges but at the end of the day i think ethereum is going to be much bigger than bitcoin

anyway and bitcoin's just like one stepping stone on ethereum's dominance dominance metrics because i think i've been saying for a while that once ethereum flips bitcoin the narratives are going to change substantially and that's it like i don't actually think a lot of ethereum people are going to talk about bitcoin anymore really i think it just becomes not not to bash it too much but i really just think it becomes irrelevant like what does like if bitcoin's no longer number one like why would people want to buy like i'm not gonna get into it like but i just don't i understand like if you say bitcoin is number two then all these narratives kind of like fall apart like you know bitcoin being the best you know stack saturation you lose like everything else like trading alt coins is is stupid or whatever you lose money

like all these narratives just completely fall apart and become just like um like anyone spouting them off just just becomes viewed as being insane and i think a lot of people kind of like who are on you know in the camp of saying you know bitcoin can never be dethroned well they're gonna have like a come into jesus moment like i think but anyway i'm gonna i'm gonna leave it at that for now um i wonder if i have anything else no that was about one five five nine so there's a few more project updates to get through uh lemonade alpha who is uh basically um an index co-op community member put out today that in 2021 index index carbs unincentivized tvl as an under management that are not taking advantage of incentive uh programs aka liquidity mining has grown from 11 million to 257 million uh 47 percent of

total tv up to 93 so it's i love this metric so i've spoken about this on the refuel before but what this metric tracks is basically say you have a protocol that's doing liquidity mining and say ninety percent of the liquidity in there is only in there because it's mining those token rewards well then you can have relative certainty that if those mining if those liquidity mining rewards go away most of that liquidity is also going away now the beautiful thing about the index co-op is that they've been really focused on this unincentivized tvl metric which essentially says which essentially is at 93 now so 93 of the total tvl as part of the index co-op is not farming is not part of any liquidity mining programs there is no incentives in there it's literally just

people buying the product or investing in the product because they actually want to do it not because they're getting uh some kind of token out of it which i think is the metric that every project should be tracking i i don't think this should just be exclusive to index cop i think we should be uh ranking every project based on the unincentivized tvr because it's very very easy if you're if you're a default project to issue a token or to do liquidity mining um incentives and say you have all this tvl but really as soon as those incentives dry up you'll t a lot of the time that most of that tvr is going to leave and it really just doesn't uh doesn't help anyone for for you to kind of like i guess say you have all this tvl because you have a token sort of thing so yeah i

just wanted to kind of point that metric out again i think it's one of the best that we have for measuring uh kind of like actual total value you know real you know uh organic total value locked in these protocols rather than something that essentially is only there to to earn some some kind of like tokens you know farm and dump and then kind of like leave the protocol so hop protocol uh announced a kind of um another feature for their bridge today where you can now withdraw matic tokens instantly from polygon to ethereum or xdi uh without having to wait seven days so this is a first for thematic token as they're saying here uh and this is a litmus test uh for hop to access demand for fast exit so i guess they're trying to they're trying to

two-pronged approach here they're trying to see like how much demand there actually is for instant withdrawals of something of tokens from polygon to ethereum or x die and also testing it for the manic token and then kind of like extrapolating it from there and saying okay well let's let's add other tokens to this and we can do instant withdrawals to with this as well so this is really cool uh and you know i was just talking about liquidity mining while i think it okay so maybe i'll take a step back with liquidity mining i don't want to say that liquidity mining is a bad thing i think it can actually help to bootstrap liquidity for uh things that that kind of like need bootstrapping for example a bridge protocol like hop protocol needs to bootstrap liquidity for these uh these pools in order to offer those instant

exits because the way hop works is essentially it has a pool called hmanic and matic on the amm and what ends up happening is that hmatic it stands for hotmatic and that's like a a token that the um the liquidity providers take on and instead of like the matic and the end user gets thematic and at the end after the seven day withdrawal period is done the liquidity providers get that manic and and they stop you know the hmatic for it and whatever so that's the only way that you can kind of like get around that is basically someone else takes on the risk of of this kind of seven day withdrawal period or whatever but in order to bootstrap liquidity there you need to put liquidity mining on there that's what they've done they're going to be distributing 400 000 worth of medic to

attract and sustain deep liquidity in that pool and i think this is the proper way to use it you shouldn't use it as a way to attract liquidity just for the sake of attracting the quitter you should have a goal in mind about what you want to do and you know i worked at the index co-op early on because um i was working at set early on and we actually had a targeted approach here where we said we're going to revisit the um liquidity mining program once a month and we're going to make sure that it's only for the for the d5 pulse index originally we're going to make sure that we're only incentivizing it enough uh and then slowly uh wean people off it and we can see who actually wants to be in there and who actually wants to hold the default poles index rather than

who's just there for farming and it was just a way to up liquidity for the dpi as well which i thought was um was a pretty good way of doing it and it's the same thing with with a hot protocol he's doing it here so yeah i love seeing kind of stuff like that uh and i love seeing these bridges go live i mean speaking of bridges like by economy also put out a bridge yesterday they announced hyphen which is uh which is uh they're calling instant crosstrain transfers which is what i'm calling a bridge and starting with usdc and usdt you can now transfer between ethereum and polygon in seconds by using this tool so i mean how many bridges do we have now right like connext hot protocol seller network buy economy stock ware announced a bridge the other day i'm sure there's others that i'm

forgetting off the top of my head but like we now have uh at least five bridges between i mean they're all doing between like ethereum and polygon but pretty soon they're all going to be adding these l2s like optimism and arbitrary and things like that as well so um you know we just have so many options now it's just amazing people were kind of like talking about oh all the liquidity is going to get fragmented because of like l2s and cross-chain stuff like um it's going to be a bad user experience but there's already all of these solutions coming to life and basically um already live and and letting people kind of like transfer the assets to actually care about transferring quickly because really at the end of the day you don't really care too much about transferring every asset quickly in and out because

on a lot of these layer twos you'll have ways to trade in and out of them so say you have some random erc20 token and you want to trade it for ether you or or some stable coin well you'll be able to do that on the layer 2. and then you say to yourself okay well i want to get these funds out of layer 2 and on to a centralized exchange or to cash to fiat or i want to go to layer 1 to do something else that i can't do on layer 2 right now well most of the time people are only going to care about transferring out stable coins and eath so that's that's why a lot of these projects are starting with each and stable coins first rather than all these other random erc 20 tokens and as i said the way a lot of these bridges work or

pretty much all of them work is that they have liquidity pools that sit in the middle uh between these chains and basically they have people taking on the risk or liquidity providers taking on the risk in there so uh you know bootstrapping that for like pretty much every token is gonna be very very hard whereas doing it for usdt or doing it for stablecoins and eth and other popular assets like maybe wrapped bitcoin and things like that would uh is the kind of right approach i think so i'm really glad to see all this playing out i mean i'm i'm super excited like when arbitram goes live i think it's going to be a real test of of these bridges too because they're all going to add arbitrary support i mean i think the bridges are already getting a lot of usage with polygon because polygon is

heavily used uh we already have like a single bridges as well like um ronan going to axi um uh sorry sorry axe infinity's bridge going from ethereum to to ronan they called the ronin bridge because ronin is their side chain that's getting heavy heavy usage i mean that's one of the top eighth burners that's how you can kind of tell it's getting heavy usage so yeah i mean the bridge ecosystem is is growing and it's it's going to be like mature before we even have probably most of the l2's mature which is which is quite amazing to see and i'm really glad to see that the infrastructure is is is kind of kind of coming to life much faster than i think a lot of people thought it would so this this new project that launched yesterday paperclip dell called my interest because what they're trying to do from my

understanding is they're trying to trade up uh this dow is trying to trade themselves up to a rare nft or like a really expensive nft now the reason why they call paperclip dow is because some of you may not have heard of this story i don't know if this story is true or not but there was a story if you search like um paperclip trading up to a house or something like that you'll probably be able to read it but the tldr is that apparently some guy started off with a paper clip right and he trade kept trading that paper clip for other sorry he traded that paper clip for another item and then he traded that item for another one and he kept uh trading for more and more valuable items until eventually he got to a house so the story goes that he traded it out from a

paper clip to a house uh by doing this now that's what what where paperclip doubt comes in uh where they basically say oh okay let's start with like a really kind of i guess like um valueless kind of nft uh and then let's trade ourselves up to like a really valuable one while going through the motions here uh which i think is pretty cool right like i think this is a cool concept and there's also like these things of of clip tokens here that um anyone who successfully trades with with um the paperclip dell gets clip tokens so they can actually join the dow and continue to create the story so essentially it works as like a two-pronged approach here where people can trade into uh into these nfts or kind of like into the dao uh by going to pseudoswap uh which uh is

like a a trade matching kind of engine uh and they can also join paperclip dell by doing these trades right so it's like a two-pronged approach to get more people involved and the more people involved in the dow the more trades that go on you know the more chance there is of trading them themselves up to a better kind of like a better nft and a rare nft and you know you could imagine the logical conclusion here imagine if the paper clip down gets so big that they trade themselves up to a alien crypto punk like 100 million or something like that i mean who knows if it's going to get that that wild but i think bringing that that story that i just told you guys about to ethereum is really interesting and that's why this kind of caught my eye here and i mean also like the the

link artwork i mean i love zelda so i'm a sucker for for that kind of artwork it just draws me in but yeah cool to see this project i'm going to be following along with it uh maybe i'll join the dow as well i haven't done a trade with them yet but i might join the dow here as well it seems like a very very cool uh cool project so super rare is teasing their token they say that they have exciting news coming thursday which is tomorrow i mean i've been telling you guys for a while every single project that he's got anything to do with crypto is going to have a token eventually uh we just saw the li dxcell they announced their token super rare is now teasing uh their token i mean i i you know open i've said open like all these nft platforms are gonna

have tokens like open c and and um you know make his place and foundation and all those sorts of things they're all going to eventually have tokens um but super rare is one of the older i think nft platforms uh they uh definitely uh they focused on art so they focused on like curating art pieces rather than being an open marketplace or something like something like open c uh but it's pretty cool that uh they're gonna basically have a token as well i think generally i'm very pro-token uh because i think tokens are a great coordination mechanism and i think they're gonna have like an airdrop as well i mean at this point in time if you don't have an airdrop to your early users at least you kind of like shoot yourself in the foot i don't think people i think people lose interest if you don't airdrop them

a token if they were an early user of your platform because they're basically like well i got rugged you know i deserve tokens i mean there's a little bit of entitle a little bit of entitlement there but i think it's deserved because if you really did like help bootstrap the platform early on uh you know whether that's kind of like buying and selling nfts on there or becoming an artist on there you really should get you know a share of i guess like the pie when they decide to tokenize and i think a lot of projects get this and a lot of projects are doing these airdrops so i would expect super rare to to be doing an airdrop now that's not to say that you can go on super rare right now start buying and selling nfts in anticipation of this airdrop i'm pretty

sure they would have already taken the snapshot before they announced that they have a token coming so uh yeah you might get rugged if you try to do it now if you're just trying to buy and sell nfts on there in order to get this token so i'm not suggesting you do that but for those of you who have done this kind of like previously i mean i've bought an artwork on there so you know i'm looking forward to getting a bit of tokens as well but you'll you'll probably get tokens but we'll have to see you know i'll be reporting on this on i guess like thursday maybe thursday maybe friday's refuel and seeing what they have in store for us at super rare all right last up here just a quick shout out to eth global who have announced their biggest event of the

year which is eth online so any hackers or any developers that want to get involved with this hackathon you'll be able to join all your fellow hackers from around the world from september 17th to october 15th to compete for over 150 000 worth of prizes and build the future of web 3. you can sign up now at online.ethglobal.com i know that sounded like a little bit like an advertisement but i am not paid by 8th global or anything like that but i am a a a a judge i have been a judge multiple times on 8th global hackathons and i'm pretty sure i'm going to be a judge at 8th online as well so i'm really excited for this and and really i mean this is the best way to get your project in front of like people that you would really love to get it in front of like the the the

judges that they have the speakers that they have are just like awesome you know some of the most uh amazing ethereum community members and you re and you'll get some of the best mentoring as well while kind of like um participating in this so if you're a dev or want to be a devil we just want to build something cool online.etheclebel.com sign up there and as i said it starts on september 17th so you still get a bit of time about a month out maybe five weeks out from here uh but yeah go sign up if you're interested in that but 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 that video a thumbs up subscribe to the newsletter join the discord channel and i'll catch you all

tomorrow thanks everyone