Solo staker airdrops, Ethereum growth and more - The Daily Gwei Refuel #768 - Ethereum Updates

Transcript

hello everyone welcome to another episode of Del refuel where up latest news eum ecosystem I'm your host and this is UN the 22nd of April 2024 all right everyone let's get into it so before we get into today's episode just wanted to say a big thank you to everyone who reached out to me both in the Discord Channel and on Twitter and on telegram uh with all of your words of support after what I talked about on Saturday about how I need to pretty much take a break from crypto I think at at this point in time now I did think a lot about this over the last kind of 48 hours since I put that episode out and I've kind of come up with a little bit of a game plan that if you'll indulge me in uh for a couple minutes yeah I do

want to detail cuz I think it's important for you guys um because it involves no refuels for two weeks now that may come as a bit of a you know um some sad news to to a lot of you it's sad news to me but I think that I'm at the point where I need to do this you know I thought about an analogy today about how I'm feeling I'm basically like a car that's had its check engine light on for a very long time and I've ignored it for that whole time and that's basically what where I'm at right now I'm running on fumes I need to take a pretty hardcore break I think where I just like don't focus on crypto like it's not like a holiday where I go away but I'm still on my phone still on my laptop focusing on crypto no I feel like

I do need to take a proper break here so the game plan that I came up with is basically that I will do the refill for the rest of this week you guys know I'm heading to Sydney next week for a crypto event uh for eth Global Sydney as well as a bunch of side events around that um so what I thought of is that I'm not going to do any ref ref s next week so originally I was going to do a refu on Monday and Tuesday but I won't do any refills next week but I'll still be around on Twitter on Discord things like that I'll still be kind of doing things just maybe less than what I've been doing them know traditionally and then the week after that when I kind of uh get back home and everything I'm going to there's going to be no refuels that

week either but there's also going to be no crypto at all for me I'm not going to do any Twitter No Discord none of that and uh you know you won't be able to reach me basically unless it's like critically important maybe you can if you got me on telegram you'll be able to reach me there um but yeah I'm going to basically take that whole week off kind of crypto all together and do a bunch of other things I have a bunch of other things I've been wanting to do for a very long time and I'm going to take that opportunity to do that so just fair warning here you know I'll do refills for the rest of this week hopefully no rug fills this week uh and then the following two weeks there will be none uh but I can't make any promises that I

will be back after that either I said in the Discord Channel today that I've gotten to the point where I'm not having fun anymore I remember I said a long time ago on the refi that if this stopped being fun for me that's when I'd stopped doing it and at this point in time it's become not fun anymore it is really mentally taxing for me to do anything Crypt related at this point in time I find myself just not enjoying it as much as I used to and I think that is not a function of me not being interested in it it's a function of me spending so much time within the ecosystem and burning myself out so I really do think I need to take this break now or else it's just going to get worse and worse and I may just get to

the point where I literally snap and just like delete everything and that's it I'm gone I don't want that to happen I want to be around I want to still be doing the refuel this is my you know this is the thing I'm most proud of in my life one of the things I'm most proud of in my life is all the work that I've done on the refuel building this great Community around the daily guay and I do feel really guilty about this as well guys I know you guys are going to say not to feel guilty about it but I do and I apologize that I have to do this I wish I could go you know on without having to take breaks or anything because I love it so much and I love uh you know getting feedback from you guys about how much you love the show and how

much you love all the coverage that I bring and that I keep you bullish when things are bearish like I love all of that but but you know I'm a human like the rest of you and I do feel like at this point in time I need to take a break for my own physical and mental health cuz my body is screaming at me and my mind is screaming at me so that's what's going to happen so just a reminder not this week but the following two weeks there will be no refuels and then for that kind of second week there I will be not contactable I will not be on the Discord or anything like that I trust that the mods on the Discord will be able to handle any scammers or spam in there um and anything that happens there but I will still be reachable via

things like telegam for people who have me on there for critical things if it's not critical I will not reply to it that's kind of my plan there and I'm going to avoid Twitter and this will be the first time as I mentioned last um on last episode this will be the first time I'm doing this in a very very long time in seven eight years this first time and it's kind of scary but I'm kind of excited about it too to see how I feel because I really do think it's what I what I need right now but anyway enough enough boring you with all of those details just figured I'd let you guys know and give you that heads up there um but thank you for sticking with me all this time and I hope you'll still be around when I come back from my break uh

not this week obviously but the following two weeks there but the rest of this week as I said is still going to be a refuel so let's get into the meat of today's episode which is a little bit light on content because I did do an episode on Saturday but still a lot of exciting stuff to talk about so first things first the eth ETFs I put this tweet out yesterday where I said I still think the eth ETFs are being approved on May 23rd and I still think that guys I really do still think that like obviously no one else thinks that at this stage very or very very few people think that at this stage but I still think it's getting approved on May 23rd and I also I think I said either on the refu recently or in the Discord Channel recently that even if we don't hear

anything by the end of April from the issuers in the SEC I'm still just going to stick with my prediction of it being approved on May 23rd If I'm wrong I'm wrong I don't care at this point honestly like everything in me believes that they should be approved based on the facts and circumstances but if they're denied I'm just very curious to see what they're going to how they're going to get denied I'm betting on them getting denied based on the spot Futures correlation thing which all that does is Kick the Can down the road it actually doesn't do anything else except that like the ETFs will eventually be approved from there but at this point I'm just like so over this discussion so I was like you know what I still think they're going to be approved I'm going to keep my odds at 100% for May 23rd If

I'm wrong I'm wrong I'll eat that I'll own that I don't really care at this point in time now the reason I'm bringing that up is because Andy here actually quote tweeted my my tweet and basically said you know ethereum has so many positive C catalysts ahead of it and yet still so many hated and I want to talk a little bit about these today so obviously he said that the ETF is a positive Catalyst now as I said if the ETF happens on May 23rd or it happens later I don't think it really matters that much at this point in time I think that regardless eth is getting an ETF and that will be bullish and honestly as I've said before you guys know that my belief is that even if the eth ETFs are denied on May 23rd that is still going to be bullish for eth I don't think

that's going to be a bearish thing fa eth at all really and I'm curious to see what the volatility is around that date as well and I'm curious to see like if we actually get some back and forth between now and then like does that make the market more confident in the EFS being approved on on May 23rd we'll have to see there but also the fact that you know layer 2 fees are still way down after blobs went live and layer 2os are growing so so much right now guys like I know that it in crypto we tend to have like these volatile growth periods where things will Spike up and then come back down and Spike up and then come back down but with al2s it's really been a gradual thing we have had spikes here and there obviously mem coin season on

Bas happened recently and and and a few other things happening there but really it's been a gradual growth of these kind of top l2s where they keep getting usage and even the ones with existing tokens like for example arbitrum has its token and has had its token for a very long time now and yet the arbitrum ecosystem continues to grow optimism has their token already which means there's not really any airdrop farming going on uh and you know they're doing just fine as an ecosystem base said they're not going to have a token maybe they do one day I mean I've said I think they're going to have a token but I doubt there's very much air drop farming happening on on BAS right as opposed to what what was probably happening with the other ones out there now there are other l2s that still haven't done their tokens uh

there's probably air drop farming happening there but generally the trend has been up and I'm going to talk a lot about the L2 growth in a little bit I've got that um set aside for later in the episode uh and then Andy mentioned that the modular app chain Evolution cements ethereum as a settlement layout this is a big one and something that I think is underd discussed within the broader crypto ecosystem even within the broader ethereum ecosystem now I've been calling ethereum a settlement layout for as long as I can remember that you can go back and find me saying probably back in the ethhub days uh you know if not before that on on Twitter about ethereum becoming this settlement layer now specifically ethereum being a settlement layer for l2s and for for rollups l2s you know whether they store their data on ethereum or not ethereum

is that Central Hub there and that is really bullish for ethereum because it basically means that ethereum is the de facto kind of like secure hub for all of these l2s because people will often argue and say oh well you know ethereum is not the only chain that can do l2s you know these other chains can do l2s as well it's like yes okay fair enough but do they offer the same things that ethereum offers no they do not ethereum is the most resilient uh and and decentralized and secure settlement layer in the world like I would argue it's even more resilient secure reliable decentralized than Bitcoin layer one like I would make that argument but I'm not going to make that argument now because it is a longer argument but you guys have heard my points around that before um so I believe that the most

successful and the biggest l2s will settle to ethereum and will continue to settle there and the cool thing about this is that they can settle to ethereum um using using it as a data settlement layer or not and right now uh it's actually free to put your data on ethereum so it makes no sense for you to be a validium unless you're trying to scale up to or unless you're expecting to scale up to like thousands of TPS or something and then you'll exceed 4844 data capacity but for all the existing l2s or rollups that use ethereum as a data availability layer uh it's free right now to post your data now obviously that's not going to be the case forever but ethereum's rollup Centric road map is centered around making data as as cheap as possible there so so there's that going on there

and then of course the IP 1559 burn is working as expected I know fees have been relatively low recently in the single digigit gay uh amounts but that's not going to last forever guys that is because the market generally is quiet is quiet right now uh there not much activity happening uh across the board really it's not just with ethereum it's with everything right now and I think that once that kind of resets we'll see that we'll see that activity picking back up and I know some people will be thinking about the recent runes launch onit Bitcoin where Bitcoin daily fees spiked up massively I think they had like a day of $100 million worth of 24-hour fees but that's an outlier like I'm talking about the uh I guess like weekly monthly Trends here not the daily Trends because the daily Trends are always skewed I mean if you want to

compare what happened with runes on bitcoin to what happen today on ethereum you can compare it to the um yugal lab's other side mint that ended up happening I think it was in like 2022 where there was a lot of fees I think it was hundred millions of dollars of of fee revenue on eum L1 for that day or two that was happening there uh and that was a once off there yes ethereum fees have been relatively High over the month on Monon year year period there uh and ethereum has been burning those fees or most of them which Bitcoin does not do by the way but yeah when you look at those kind of outliers it's not really anything going on I actually think that that that that money that was used to on on those runes things most of that money was literally just like throwing it away you

may as well thrown that money away because the things that people were minting and things that people were doing with it I from what I've seen they didn't really come out ahead now the only people that came out ahead were the Bitcoin miners but also what do you think happens to that BTC it gets sold eventually like the miners aren't holding this like they're going to scale up their operations they're going to sell BTC to fund it and none of it gets burned so I don't really see that as a bullish thing whereas with with ethereum doesn't matter if fees are low or high uh on net you know 70 80% of it over time and in perpetuity is getting burned so that is incredibly bullish for eth as an asset because it all flows back to eth Value as an asset there and then the

final thing and mentioned here which is I guess like not the final thing to be bullish about when it comes to ethereum but just the thing that Andy mentioned was was IG layer and reaking uh generally and Igan L's main net going live and abs is secured by restak eth I've talked about this at length on the refuel not going to rehash all of those talking points here but this is just another black hole for eth guys just another kind of I guess uh value driver for eth as an asset reaking generally and I think that I've described eth as this kind of thing there this ball that's being held underwater before like the amount of demand that we're seeing for eth right now and and the ball just being held under water the person holding that ball under water their muscles are about to give out like I

really do think that it can only go on for so long before eth just pops right just just pops up massively uh and it goes up a lot in price and I do think we could see eth at alltime high sooner rather than later due to this and I mean I've said it before but generally I think that right now or at least over the last couple months a lot of eats kind of laggy or shitty price action was due to the fact that there's this just this overhang of the ETF narrative on there but I think that once that subsides in a denial or approval uh eth regardless of of a denial or approval eth will do quite well there uh generally because there's just so much demand for it there's not much eth left to to buy guys like and we really are I

think still at the midpoint of the bull market I think we're just cooling off before the next expansion phase starts which in my opinion starts relatively soon honestly I I'm I'm still super bullish on on this kind of bull market I don't think we've topped at all uh in terms of like the bull market top or anything like that so going to keep uh you know I'll keep you guys updated on that one there but yeah thanks to Andy for pointing these out just gave me an opportunity to a little bit of a bullish rant there all right so actually I'm going to save this tweet for later because this is all about growth in the ethereum ecosystem so I'm going to save this for later but what I wanted to give a quick shout out to was e Staker new resource for monitoring airdrops to solo stakers

so you can see here that they have a list of projects that have air dropped for solo to solo stakers so far such as Omni STK starkware Celestia and Diva I don't think Diva has come yet this was just an announcement here so you can check that out for yourself uh but I'm really really glad to see that EA has put this out there because now I have a central repository to link to people when they ask you know which uh projects are airdropping or have air dropped to solo stakers here I do think that while the trend is kind of intact right now where more and more projects are doing this there hasn't been enough that have done it yet and I think this is due to two reasons one there's not enough being made about it right now I I think and two no one can seem to really agree on

which list to use like which list of of of solo validators to use which is kind of frustrating because we do have good lists I've shown them before on the refuel so I think that we need to just basically keep pushing the the list that I've shown on the ref before was this one from GL cni I believe uh I'm going to bring this up on GitHub here yeah so you can go to this I'll link it in the YouTube description below but this I think is the best list we have right now um if you want to check out the the repo you can check it out because it's got uh you know all of the solar sters that they've been able to identify here uh both pre and and and post merge uh as well as rocker poool note operators too which which in my opinion count as solo

validators that as well so I think they should people should really use or projects should really use this list so you can go check that out for yourself if you haven't yet but yeah you can go check out e staker's new airdrops page for solo stakers uh if you haven't already all right so onto the growth portion of today's refuel talking about growth not just across l2s which is going to come up in a sec but also ethereum staking generally so I haven't shown these charts for a while the validator count chart as well as the staked eth chart but I figured it was worth covering this because there's some interesting Trends here that I wanted to point out so when it comes to the number of validators we can expect this to collapse once Meb uh once um e 7251 or Max EB comes along in the Petra upgrade

later in the year or early next year because as you guys know you'll be able to stake 2048 eth per validator which means we're going to see a lot of this consolidate but right now we're at almost a million validators here I think we're at 990,000 or something like that I expect that to get cut in half at the very least if not less than that which is very good for the network guys like that does not mean that we have less Security on the network that does not mean we have less note operators on the network all that means is that we have less Tech debt on the network and we have a more stable and reliable and uh scalable uh Network which is obviously a net positive for everyone but regardless of that of maxi going live we can study the chart as it is now so when looking

at the validate account chart it's going to be the exact same as the Stak eth chart here so I'm going to focus on the stake eth chart for this portion so essentially what I noticed when looking at this chart was that you saw we we we kind of saw a spike from like May of last year to around I guess you could say October of last year so may to October what is about about six months there where the number of e staked went up by about 10 million so from 18 million to like 28 million is or something like that 27 half million-ish there uh so it went up a lot but then since then it's been kind of like it it trickled from October to around January it trickled by up by about like 1.5 million but then since then it's gone from uh from January this year at about

29 million up to 31.6 million in April so over 4 months we have uh brought on a bunch of almost 3 million um extra e Stak so that's more than what we saw previously here now I think these Trends what they point to is basically a a lot to do with uh kind of reaking generally and a lot to do with ethereum staking uh kind of being drisk because as you know uh in April of last year chapella went live right where withdrawals went live uh and essentially what happened was that staking was massively D risk so for the 6 months after that we basically had this up only you know 10 million plus eth or around 10 million eth was staked here because of that drisking that happened but then we had a trickling in around until January of this year when the LRT stuff

started skyrocketing right and and reaking was happening during this period as well but then when lrts come along when you could basically stack those points farming that people were doing with um eifi swell puffer Renzo and a bunch of others out there you could basically put your um eth into those and then they would put that eth into IG layer so you were now kind of doing this recursive farming or this recursive yield stacking or Point stacking whatever you want to call it there so that's where these other has kind of come from and that's continued obviously but you know the funny thing about this is is that we're all having debates recently especially when it comes to the E eth issuance curve over how much eth is actually going to be staked in I wouldn't say like the terminal kind of capacity or the

terminal velocity but how much ether is going to be staked at at kind of like uh you know near terminal or near near kind of um you know the maximum amount here so I've said before that I don't think we're going to get 100% of e staked I don't I don't even think we're going to get like 89% of E I could say maybe 60 70% or something like that but from here on out I don't think that there's going to be like a massive flood of e Stak coming in I think it's going to keep going up but I don't think we're going to get like 10 million e staked in 6 months like I just don't see that happening because the more and more eat that is staked the obviously the less eat there is to stake and the less people that that care to stake their e

generally and I know people will think to themselves well you know if you're not staking your e you're technically losing technically being diluted because you're not getting the the new issuance uh to you but the thing is is that like for a lot of people that new issuance isn't that big of a deal because if you do the calculus of okay well if the yield for staking um all inclusive not just the new issuance but also the fees and the m is 3.5% but on every year the price of eth goes up like on average 1 to 200% well then you don't really care about missing out on that three and a half% yield right like you don't it's kind of indifferent you're kind of indifferent to it right it doesn't really mean much to you and then people will argue well what about putting your

you know um your your uh LST or lrts to work you know borrowing against them in Defi and stuff like that well most people probably don't want to do that like the ones that don't want to stake probably don't want to do that anyway they're probably trying to get like the least risk uh kind of um exposure to Ether possible which is just holding vanilla ethia but then I guess like you know there's another argument that can be made around the fact that uh the ETFs The Ether ETFs eventually we're going to have like a staked eth ETF so what's going to happen is that I think that there's going to be two types of ETF the normal spot e ETF and then a spot uh Stak e ETF and it's going to be very interesting to see what happens there because at at that point it's a decision

between both the I guess like ETF manager whether that be black rock or someone else um you know vanck all these institutions um and the customer do they automatically these institutions opt in the customer to staking uh their eth or do they ask them if they want to do that and that becomes another question because we know that the tradire world is obsessed with yield we know that in crypto like a 3.5 % yield isn't really a a big deal for a lot of people I know a lot of eth holders that don't stake their eth guard like literally the eth it's in Cold Storage they don't want to stake their e and and the exact reason is because they look at 3.5% and they're like eh I don't really care about that like I'm you know I expect eth to go up so much when obviously they're not

thinking about the fact that that's 3.5% in eth terms not in dollar terms I should have mentioned this before but still to them it's like uh you know I don't understand staking and I don't want to go with these lsts or these lrts because there's kind of risk associated with that smart contract risk Peg risk you know all that sorts of stuff and that's how they think they're just like I just want eat exposure that's it I don't want to mess around with anything else and they they're happy with that because they're still making a return over the long term on their investment uh because of the fact that they expect eth to go up and eth has historically gone up a lot right and and will continue to go up from here as we strongly believe I mean if you're buying eth you believe it's going to go up in

the future whether that belief is right or or not is another thing but that's what people are doing here so then you know with with tradire it kind of changes the conversation because these are crypto natives that I talked to or at least people that are not like in the Trad F system they're not like investing in stocks they're not using kind of uh Black Rock to manage their funds or anything like that they're I wouldn't say they're crypto native but they're definitely uh people that are in crypto's orbit so to speak but in the tradire world they're obsessed with yield so what happens when black rock or vanck whoever it is sends out an email blast to all of their e ETF holders and says hey we have this new staked eth ETF thing uh and they'll dumb it down for Their audience obviously but then the

headline will be earn 3% or whatever percentage yield it is on your e minus the fee that they will take of of course um all you have to do is Click one button I do think a lot of people will click that button because I don't think that the Black Rock and vanck and that will make the risks obvious to people I think what will happen is that they'll just abstract the risks away and any losses they incur for any reason at all slashing or what have you they'll just socialize that amongst their base there so that's where I think the calculus can definitely change a lot is when we have like these managed vehicles that can be used to to stake but until that happens um I just don't see like this stake ballooning up like massively anytime soon I do think the staking is going to

be up only uh for for quite a while but it feels like that the massive amounts of growth of of of new state coming in is is going to slow down for a little while here uh because of the fact of all the reasons I just outlined there I mean I could be completely wrong on this but that's the kind of trend and pattern that I'm seeing right now but yeah this is the chart to pay attention to the staked eth chart there are many charts like this the validate account chart as I said that's going to look completely different it's actually going to look look very funny because let's just say we have this chart and then we're at like a million validators when Max evb goes live and then you just see like a massive drop in the chart to like 500,000 validators people are going to

look at that and there's going to be fud around I already know there's going to be fud around it people are going to be like oh what happened to all the validators on ethereum ah and when in reality we'll know that it was just people consolidating their eat Stakes we're going to do a little bit of fud fighting at that point that's how I I kind of see that playing out there but anyway on to the next thing I wanted to talk about which was the growth around the ethereum ecosystem generally and specifically l to so Sebastian here put together a nice little tweet where he tweeted out basically usage across uh all of the E ethereum main net and the various ethereum l2s he included polygon in this but I believe that's the polygon POS chain which technically isn't an L2 yet but will'll be in the future so I

mean even if you kind of like take away polygon here it's still up only growth for the rest of the ecosystems you know bass ZK I mean it's not even every one of them right it's just Bas ZK sync arbitrum optimism and ethereum mainnet as well and this is across active wallets per week transactions per week uh trades per week and also uh transfers of um usdc weekly here so it's all up only which is really really great to see there and that's no surprise to anyone paying attention especially if you've been listening and watching the refuel I cover this all the time but I just figured these charts were really nice to show you guys what this looks like you can check them out for yourself I'll link them in the YouTube description below and then of course L2 beat also has their various ways of tracking

activity across l2s uh with the scaling Factor here we saw it SP up quite a bit post denk because there was like a mini base season and kind of like a mini L2 season going on there and they also include djen chain in this now as well which is an L3 so it's not just an L2 that's being tracked here it's an L3 as well uh but that's pretty much like being up on average I mean it is down from its all-time high right now but it has been up on average I mean this is over the last year but if you go over the the maximum time it's it's up only really uh and then of course you have all their other kind of um kind of pages here like value locked has really been up only on the part but this is very

sensitive to price movements like if the prices of eth and come some of the other tokens doubled overnight this tvl would pretty much double as well so that's why I think that tvl generally is not like the best metric for measuring growth uh it measures growth in like asset prices but if you want to look at tbll as denominated in stuff like eth that's also been going up feel bridging eth into these l2s uh and so on and so forth from there now of course another website you can use to track all of the growth of l2s is growth. XYZ I've covered this website a lot on the refill before I really like that layer 2 user base um kind of uh kind of uh uh a chart here where you can basically see it's been up only not at all-time highs right now but

been up only for ages like it's just this is what I meant when I said earlier in the episode that it's just been consistent growth for a very long time you can see that playing out here uh and then you can go into any number of other other different kind of metrics here active addresses transaction count stable coin market cap so on and so forth the general trend is up there now of course last thing I wanted to talk about was ethereum and blobs uh this is Hobby's blob dashboard now we're still not anywhere near the target of three blobs per block we're around half of that right now so 1.4 4 1.5 blobs uh per block here which means that uh it's basically free to use blobs right now I remember I said that we did have a period of time where inscriptions we're

taking up a lot of blob space but that doesn't seem to be the case anymore uh and no one is doing inscriptions or blob scriptions right now in terms of the l2s that are or the ups that are using blobs the most you can see here in blue Bas is far ahead right now like in terms of the amount of data that they're using they're the biggest then um in second is arbitrum I believe uh then in third place is op mainnet and then you've got the other other ones here as well there are some that pop in and out like Stark net for example will pop in and out depending on the day uh and then you've got uh ZK syn and in and Lena as well but yeah bass is definitely the biggest TI and that's because I think bass right now is the one that that's seeing the

most activity out of all of the l2s uh and obviously that's generating more and more data they have to post down so they're definitely posting more blobs than than everyone else is right now not by you know substantial amount but definitely by a pretty healthy amount I mean you can see here that uh over the last 24 hours Bas posted 100 163 blobs whereas arbitr posted around 73 so yeah I think our BAS is what d double or more than double right now than arbitrum and then uh you know I guess like much bigger than the other ones put together but it's not like it's 10 times bigger or anything like that so definitely going to keep an eye on that to keep an eye on the different growth between the L2 ecosystems there but you can find all these dashboards that I just talked

about I'll link them in the YouTube description below for you to do so and the last little chart that I wanted to show is this one on the left here you probably can't see it because of my camera unfortunately I don't think I can move it around maybe I can actually just click into it and you guys will be able to see it here on my screen so this is the blob base fee since launch so since blobs launched on March 14th here on March 13th when Den went live so to the left of the chart you you can't see most of it but it's basically flat this is the blob Bas feere this is basically means meaning that blobs were free right up until about the 27th of March until the what is it uh the 3rd of April where you can see the blobs blob scriptions

came along and started bidding up blob space here but then that collapsed and we've basically been at the same point since you know April 3rd April kind of fourth year where it's basically been free to post blob there so that's another interesting chart that I love keep paying attention to on Hill Dobby's dashboard here but I think that's going to be it for today's episode 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 newsletter join the Discord Channel and I'll catch you all tomorrow thanks everyone