POPULARITY
Epicenter - Learn about Blockchain, Ethereum, Bitcoin and Distributed Technologies
Ethereum's transition from proof-of-work to proof-of-stake created a unique set of conditions (i.e. lack of protocol-level delegation, 32 ETH requirement, long exit queues, etc.) that led to Lido's liquid staking model to gain huge traction, significantly eclipsing other LSD providers on native PoS chains. stETH added on-demand liquidity, bypassing withdrawal windows, while also increasing DeFi utilization and increasing yields. Moreover, by allowing users to stake any amount of ETH in pools, it removed the requirement for 32 ETH increments, ultimately improving decentralisation through long tail distribution of individual stakers. Lido V3 introduces modular stVaults which enable staking customization. This allows professional actors, such as institutional stakers, to have granular control over validators, MEV and other parameters, diversifying their investment strategies.Topics covered in this episode:Hasu's backgroundDiscovering LidoLiquid staking and the early days of LidoWhy liquid staking gained traction on EthereumThe evolution of LidoInitial decentralisation concerns and the importance of dual governanceRestakingLido V3 and vaultsInstitutional staking & ETFsEthereum's ‘crisis' and its valuesEpisode links:Hasu on XLido on XSponsors:Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay— the world's first Decentralized Payment Network. Get started today at - gnosis.ioChorus One: one of the largest node operators worldwide, trusted by 175,000+ accounts across more than 60 networks, Chorus One combines institutional-grade security with the highest yields at - chorus.oneThis episode is hosted by Brian Fabian Crain.
In this episode, we're joined by Konstatin Lomashuk and Hasu to discuss Lido v3! We covered liquid staking today, Lido v3's marketplace model, and the fungibility of stETH. We also unpacked what institutional stakers need, and how Lido v3 makes it possible. Finally, we discussed how Lido is approaching BD, and structured products. Thanks for tuning in! -- Resources Lido v3 Announcement: https://x.com/LidoFinance/status/1889335909834797458 The State of Liquid Staking, GOOSE-2, and Lido v3: https://youtu.be/x8UV4c6KQsA -- Ledger, the global leader in digital asset security, proudly sponsors Bell Curve! As Ledger celebrates 10 years of securing 20% of global crypto, it remains the top choice for securing your assets. Buy a LEDGER™ device now, and build confidently, knowing your BTC, ETH, SOL, and more are safe. Buy now on https://shop.ledger.com/?r=1da180a5de00. -- Uniswap Labs is running a $15.5 million bug bounty for critical bugs found in Uniswap v4, the largest bug bounty crypto has ever seen! This bug bounty follows nine independent audits of the protocol, and aims to make it one of the most rigorously reviewed codebases ever deployed to Ethereum. You'll find all the information you need about the bug bounty, from eligibility and scope to, of course, details about rewards and prize payouts in the following link: https://v4.uniswap.org/?utm_medium=podcast&utm_source=bellcurve&utm_campaign=11-24-v4 -- Morpho is a permissionless lending platform that allows anyone to earn yield and borrow assets on your terms. Its flexible, trustless infrastructure also empowers developers and businesses to build and tailor their own financial products. Whether you're an individual, fund, fintech, or institution, Morpho is for you. Try Morpho today: https://app.morpho.org/?network=mainnet&spdl=99nsk9 -- Join us at DAS NYC 2025! Use code BELL10 for a 10% discount: https://blockworks.co/event/digital-asset-summit-2025-new-york -- Follow Hasu: https://x.com/hasufl Follow Konstantin: https://x.com/Lomashuk Follow Mike: https://x.com/MikeIppolito_ Subscribe on YouTube: https://bit.ly/3R1D1D9 Subscribe on Apple: https://apple.co/3pQTfmD Subscribe on Spotify: https://spoti.fi/3cpKZXH Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx -- Timestamps: (0:00) Introduction (1:30) Liquid Staking Today (7:40) Ledger Ad (7:58) Lido v3's Marketplace Model (19:23) The Fungibility of stETH (25:49) Design Inspiration For Lido v3 (30:56) Ledger Ad (31:31) What Do Institutional Stakers Need? (43:53) Ads (Uniswap and Morpho) (45:14) How Is Lido Approaching BD? (53:20) Can Other Staking Providers Use Lido's New Infra? (58:53) Structured Products and the Curator Set -- Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.
Last time we spoke about the invasion of Luzon. As Operation Mike 1 commenced, General Swift's 1st Corps prepared to assault Lingayen Gulf while General Griswold's 14th Corps rehearsed at Huon Gulf. Despite successful diversionary strikes, Japanese forces anticipated an invasion. On January 2, enemy ships were spotted heading towards Luzon, confirming fears of a large-scale operation. Kamikaze attacks intensified, damaging Allied vessels, including the USS Long, which sank after being hit. Amidst bombardments, Filipino citizens demonstrated resilience despite the destruction, reflecting their loyalty and hope during the turmoil. As dawn broke on January 9, Kinkaid's amphibious convoys approached Lingayen Gulf, initiating a fierce assault. Preceded by heavy bombardments, American forces landed on the beaches, facing minimal resistance. The 14th Corps advanced toward key locations, while the 1st Corps secured strategic positions despite enduring sniper fire. By nightfall, they established a significant beachhead. Despite sporadic Japanese counterattacks, American troops pressed forward, and reinforcements were deployed to maintain momentum. The stage was set for a crucial campaign in Luzon. This episode is the South China Sea Raid Welcome to the Pacific War Podcast Week by Week, I am your dutiful host Craig Watson. But, before we start I want to also remind you this podcast is only made possible through the efforts of Kings and Generals over at Youtube. Perhaps you want to learn more about world war two? Kings and Generals have an assortment of episodes on world war two and much more so go give them a look over on Youtube. So please subscribe to Kings and Generals over at Youtube and to continue helping us produce this content please check out www.patreon.com/kingsandgenerals. If you are still hungry for some more history related content, over on my channel, the Pacific War Channel you can find a few videos all the way from the Opium Wars of the 1800's until the end of the Pacific War in 1945. As we last left off, the 1st and 14th Corps had just successfully established a beachhead on Lingayen Gulf. On January 11, General Krueger further reinforced his position by landing additional reserves, aiming to effectively confront the formidable enemy forces entrenched in the eastern hills. Concurrently, Admiral Halsey's 3rd Fleet units made their entrance into the South China Sea to execute an ambitious raid known as Operation Gratitude. This operation was prompted by misleading intelligence reports suggesting that the hybrid battleship-carriers Ise and Hyuga were stationed in Cam Ranh Bay. In response, Halsey ordered Admiral Bogan's Task Group 38.2 to launch an assault on these supposed targets. This task group was primarily composed of the battleships New Jersey and Wisconsin, which were directed to bombard the bay and eliminate any Japanese vessels that had sustained damage from prior airstrikes. To enhance their operational capabilities, Halsey established Task Group 38.5, specifically designed for night operations, which included the night-capable carriers Enterprise and Independence. On January 12, aircraft from these carriers were deployed for a predawn reconnaissance mission over Cam Ranh Bay and its adjacent waters in search of enemy targets. Despite their efforts, the search yielded no results, indicating that the earlier intelligence had been inaccurate. Nevertheless, all three carrier groups proceeded with their planned strikes at 07:30, while the surface action group advanced toward Cam Ranh. Halsey's strategic gamble proved to be remarkably successful. Although the Ise and Hyuga were not present in the bay, American aviators discovered a wealth of enemy shipping, including three significant Japanese convoys. Sherman's TG 38.3 encountered the most valuable target off Qui Nhon north of Cam Ranh. This was convoy Hi-86 with nine merchants and a heavy escort. The convoy had departed Cape St Jacques on January 9 and was headed north. The escort comprised light cruiser Kashii and five kaibokan. Late on January 11, it reached Qui Nhon Bay and anchored. After leaving Qui Nhon Bay, it was discovered by TG 38.3. In two large attacks, aircraft from Essex, Ticonderoga, Langley, and San Jacinto laid waste to the convoy. None of the nine merchant ships in the convoy survived this onslaught. Cargo ships Yoshu Maru and Eiman Maru (loaded with bauxite and raw rubber), along with tanker San Luis Maru, were sunk. The other six ships were damaged and forced to beach. Otsusan Maru (a cargo ship converted to tanker), passenger-cargo ship Tatebe Maru, cargo ship Kyokuun Maru, cargo ship Yusei Maru, ore carrier Tatsubato Maru, and cargo ship Banshu Maru No. 63 all became constructive total losses. The escort for this large convoy met a similar fate. Light cruiser Kashii was hit amidships by a torpedo in the early afternoon. This was followed by two bomb hits aft that detonated her depth-charge magazine. Kashii sank stern first with 621 members of her crew; only 19 survived. CD-23 was attacked north of Qui Nhon and sunk with her entire crew of 155 officers and men. CD-51 suffered the same fate. After she blew up and sank, her depth charges detonated with fatal consequences for any survivors; 159 men were lost. From the entire convoy, only kaibokans Daito and Ukuru, and corvette CD-27 survived, albeit in a damaged state. As a result, Admiral McCain's Task Force 38 conducted an impressive total of 984 strike missions throughout the day. This relentless assault led to the sinking of the light cruiser Kashii, two minesweepers, eight kaibokans, two subchasers, five transport ships, fourteen cargo vessels, and nine oilers. Additionally, four kaibokans, one subchaser, three transports, four cargo ships, and two oilers were damaged. This operation marked the highest number of ships sunk by airstrikes in a single day during the war, showcasing the effectiveness of the American air campaign and the critical role of intelligence in naval warfare. In addition to inflicting significant damage on Japanese shipping, the aviators under Admiral Halsey achieved remarkable success by claiming the destruction of 113 enemy aircraft, both in the air and on the ground, while sustaining the loss of 23 American aircraft. The impact of these operations extended beyond aerial engagements; critical infrastructure was also targeted. Airfields, docks, and oil storage facilities located between Tourane and Saigon suffered considerable damage. Notably, the railway station in Nha Trang and a vital bridge on the route connecting Saigon to Bien Hoa were also affected, disrupting transportation and supply lines. Meanwhile, Bogan's surface strike group was unable to locate any Japanese vessels during their operations and instead focused their firepower on bombarding Cam Ranh Bay, further demonstrating the ongoing conflict's intensity. Turning to the situation in Luzon, the 1st and 14th Corps were poised to advance their offensives. To the west, the 185th Regiment and the 40th Reconnaissance Troop initiated a push toward the recently vacated Port Sual. The 160th Regiment maintained a watchful presence at Aguilar, while patrols from the 148th Regiment ventured into towns occupied by guerrilla forces, specifically Urbiztondo and Bayambang. In the eastern sector, the 6th Division was temporarily held back to prevent the creation of a potentially hazardous gap along the front of the 1st Corps. However, the reinforced 43rd Division continued its advance against the most formidable Japanese defenses encountered on Luzon to date. Along the coastline, the 158th Regiment dispatched patrols into Damortis, discovering the town largely deserted. The 172nd Regiment attempted an attack on Hill 580, which ultimately proved unsuccessful, while the 63rd Regiment was deployed to close the widening gap between the 158th and 172nd Regiments. The primary objective of these coordinated efforts was to defeat Major-General Sato Bunzo's 58th Independent Mixed Brigade and secure control of the Damortis-Rosario road. The Damortis-Rosario road, a 2-lane, concrete-paved section of Route 3, led east from the junction of Route 3 and the coast road at Damortis, about 8 miles north of San Fabian, to the junction of Routes 3 and 11, 8 miles inland and a mile east of Rosario. Seizure of the Damortis-Rosario stretch of Route 3 would present 1st Corps with an easy means of access to Route 11, in turn providing a 2-lane asphalt-paved axis of advance toward Baguio along the deep valley of the Bued River. Equally important, if the 1st Corps could quickly gain control over the Damortis-Rosario road and the Routes 3-11 junction, the corps could largely overcome the threat of counterattack against the 6th Army's beachhead from the north and northeast. The Damortis-Rosario road ran sometimes across wooded ravines and sometimes over ridge tops for 3/4 of the way to Rosario, and then continued across open farm land and through Rosario to a junction with Route 11. The road was dominated by broken ridges and steep-sided hills to both the north and the south for the first 5 miles inland. South of the road the hills and ridges were grass-covered; to the north many of the draws and ravines contained thick scrub growth. Bare, steep heights north, northeast, and east of Rosario controlled the Routes 3-11 junction. The 58th Independent Mixed Brigade, defending the Damortis-Rosario road, had all the advantages of observation, while the relatively soft rock and dirt mixture of the hills and ridges gave the brigade ample opportunity to indulge in what was soon to appear to the 1st Corps as the Japanese Army's favorite occupation--digging caves and tunnels. Achieving this would mitigate the threat of a counterattack against the 6th Army's beachhead from the north and northeast. With the security of its left flank assured, the 14th Corps could then accelerate its advance toward General Krueger's main objective: the Central Plains-Manila Bay region. This strategic maneuvering was crucial for consolidating American forces and ensuring a successful campaign in the Philippines. At the same time, the 169th Regiment faced ongoing challenges at Hill 318 and the southern part of the Japanese-held third ridgeline, while the 103rd Regiment made unsuccessful attempts to advance toward the Hill 200 complex, which was firmly defended by the 2nd Battalion, 64th Regiment. Meanwhile, General Tominaga executed his final large-scale kamikaze attack during the Philippines Campaign, successfully damaging two destroyer escorts, one destroyer transport, and five merchant ships. The final attacks were recorded on January 13. Only two suicide aircraft were dispatched, both IJA Ki-84 Franks. One surprised the crew of escort carrier Salamaua. Unengaged by antiaircraft fire, the Frank hit amidships. One of the aircraft's bombs exploded on the hangar deck and the second passed through the ship creating a hole near the waterline. The carrier was left without power while major fires took hold. Damage control was ultimately successful, but not before 15 were killed and 88 wounded. Salamaua was out of the war until April. Also on this day, attack transport Zeilin was hit by a probable IJN aircraft conducting an impromptu suicide attack. Ultimately, the 4th Air Army was scheduled to evacuate to Formosa on January 15, marking the end of the threat from Japanese air power in the Philippines, although the Allies were not yet aware of this. Since the initial kamikaze assault on the Mindoro-bound convoys on December 13, Japanese aircraft had sunk 24 vessels and damaged 67 others. Casualties from these air attacks aboard ships were approximately 1,230 men killed and 1,800 wounded, while the Allies estimated they had destroyed around 600 Japanese aircraft during the same timeframe. Back in Lingayen Gulf on January 13, the 172nd Regiment once again advanced up the grassy, steep slopes of Hill 580, successfully securing most of the area against fierce resistance. Simultaneously, the 63rd Regiment attacked north from Hill 247 and captured Hill 363, despite lacking artillery support. Artillery support was to have been provided by the 43rd Division's 155-mm. howitzer battalion, the 192nd Field Artillery Battalion, since the 63rd Regiment's own 105-mm. battalion had been sent south with the rest of the 6th Division. Unfortunately, the 192nd Field Artillery did not learn it was to support the 63rd until after dark on January 12, and could not start moving to good close support positions until daylight on the 13th, after the 63rd had started its attack. Unlike a 105-mm. battalion, the 192nd did not normally operate in direct support roles and lacked the forward observers and communications the lighter battalions possessed. The 192nd might therefore have been expected to take some time to prepare for its direct support mission, but the battalion reported it could have provided some support--with at least one battery--by noon on the 13th had not Colonel Ralph C. Holliday, commanding the 63rd Regiment, insisted that wire be laid for artillery liaison officers and forward observers, a job that was not completed for almost 36 hours. Colonel Holliday may have been influenced in his decision by the fact that the artillery's SCR-610 radio did not work efficiently in the broken terrain of the middle ridge line where the 63rd was attacking. It was not, indeed, until the 43rd Division had supplied the 192nd Field Artillery with infantry SCR-300 sets that the battalion was able to establish satisfactory radio communications. Then, on January 14, the first radio brought up to the battalion's forward observers was promptly destroyed by Japanese artillery, which also cut wire that had already been laid. Support was again delayed, so the entire battalion was not in position and ready to give the 63rd Regiment the support it needed until midafternoon on January 15. Meanwhile the 169th Regiment completed the clearing of the southern end of the ridgeline, while the 103rd Regiment continued its unsuccessful efforts to take Hill 200. To the west, the 6th Division established a fortified line extending from Malasiqui to Manaoag. They promptly dispatched reconnaissance units to the east and south to gather intelligence on enemy movements. The 185th Regiment achieved a significant victory by successfully assaulting Port Sual, while the 160th Regiment engaged in several skirmishes with the reinforced 23rd Reconnaissance Regiment, which had retreated from Port Sual at the onset of the conflict. Meanwhile, patrols from the 148th Regiment advanced into Wawa, strategically located between Bayambang and Urbiztondo. The following day, the 185th Regiment continued its momentum by capturing the crucial road junction town of Alaminos on the Bolinao Peninsula. Some of its elements also pushed northward toward Cabalitan Bay, where they discovered that Allied Naval Forces had already landed to establish a seaplane base, enhancing their operational capabilities in the region. Looking to the east, the 103rd Regiment made gradual but consistent progress along Hill 200, while the 169th Regiment executed a costly frontal assault to clear Hill 318, suffering significant casualties in the process. The 172nd Regiment advanced north along the third ridge, successfully seizing Hill 565 despite facing scattered resistance. The 63rd Regiment continued its slow advance northward, persistently harassed by Japanese artillery and mortar fire, which impeded their progress. Additionally, the 158th Regiment initiated an offensive toward Rosario but was quickly compelled to retreat due to intense Japanese artillery and machine-gun fire. In contrast, General Yamashita, while cautious about launching a major counteroffensive, recognized the necessity of limited offensive actions to regain the initiative. He believed that such actions would effectively disrupt the enemy's advance inland. Consequently, he ordered General Nishiyama's 23rd Division to conduct a robust raiding attack against the San Fabian-Alacan sector during the night of January 16. This strategic decision aimed to exploit the element of surprise and inflict damage on the enemy forces, thereby buying time for his troops to regroup and fortify their positions. In a strategic initiative aimed at maximizing the destruction of enemy weaponry, supplies, and critical base installations, the 58th Brigade, along with the 71st and 72nd Regiments, was instructed to assemble specialized "suicide" raiding units. These units comprised carefully selected soldiers, heavily armed with automatic firearms and supported by demolition teams trained for explosive operations. In addition, a fourth unit was to be formed from the Shigemi Detachment of the 2nd Armored Division, which had recently positioned itself on the southern flank of the 23rd Division. This unit would consist of a mobile infantry company and a medium tank company. The operational plan called for these units to breach the enemy's beachhead perimeter simultaneously at various locations on January 17. Their objective was to swiftly execute their missions and then withdraw to safety. As preparations for this limited counteroffensive unfolded, the American forces continued their own offensive operations, which had commenced on January 15. In this context, the 158th Regiment launched an eastward assault, successfully advancing approximately 1,000 yards. Meanwhile, the 63rd Regiment cautiously pushed forward over a mile and a half northward from Hill 363. The 172nd Regiment made a rapid advance to the Cataguintingan road junction, effectively establishing a battalion at the edge of Route 3, about a mile and a half west of Rosario. In contrast, the 169th Regiment encountered challenges during a two-pronged attack on Hill 355, leading General Wing to order the regiment to bypass the hill to the south and reposition overland to Route 3 at barrio Palacpalac. Conversely, the 103rd Regiment achieved significant success in their assault on the Hill 200 complex. Further to the west, patrols from the 185th Regiment advanced westward, successfully reaching Dasol Bay. Additionally, a battalion from the 129th Regiment crossed the Agno River at Wawa and continued south along a dusty gravel road toward Camiling. Other elements of the 160th Regiment also moved down from Aguilar to Camiling, consolidating their position in the area. After completing refueling operations over the previous days, Task Force 38 resumed its northern advance to launch an assault on Formosa on January 15. Despite Admiral McCain's recommendation to cancel the strike due to inclement weather conditions, Admiral Halsey opted to proceed with the operation. As a result, a series of airstrikes were executed against Formosa and the Pescadores Islands throughout the day. The 16 fighter sweeps conducted during this operation managed to destroy only 16 Japanese aircraft in the air and an additional 18 on the ground. However, the bombing missions targeting enemy shipping proved more effective, leading to the sinking of the destroyers Hatakaze and Tsuga, along with one transport vessel and two merchant ships, albeit at the cost of losing 12 American aircraft. Following these strikes, Task Force 38 redirected its course toward Hong Kong, which came under attack on January 16. Unfortunately, the American forces encountered severe weather conditions and faced intense anti-aircraft fire. This resulted in a limited success, with the Americans sinking just one transport ship, five oilers, one cargo vessel, and one guardboat. Additionally, they inflicted damage on the destroyer Hasu, three destroyer escorts, one corvette, one transport, and one oiler. The strikes also caused significant destruction to key infrastructure, including Kai Tak Airport, the Kowloon and Taikoo docks, the Aberdeen dockyard, the Kowloon-Canton railway, and the Macau Naval Aviation Center. In a broader campaign, the Americans executed secondary strikes against Canton and Hainan Island, as well as targeting several airfields along the Chinese coast, particularly between the Leizhou Peninsula and Swatow. However, this ambitious operation came at a steep cost, with Task Force 38 suffering a total loss of 49 aircraft—27 due to operational issues and 22 as a result of enemy action. With the South China Sea Raid concluded, Admiral Halsey directed his fleet toward the Luzon Strait, adhering to Admiral Nimitz's request. Ultimately, Halsey's aggressive campaign resulted in the destruction of approximately 300,000 tons of Japanese shipping and an estimated 615 Japanese aircraft, all at the expense of 201 American planes. Returning to the Lingayen Gulf, Wing's offensive operations persisted on January 16. The 63rd, 158th, and 172nd Regiments continued their assaults toward the town of Rosario. However, they encountered fierce resistance from the determined Japanese defenders, which significantly hampered their progress. In contrast, the 169th Regiment achieved a notable advancement by reaching Palacpalac, while the 103rd Regiment successfully captured the strategically important Hill 200 complex. From their newly secured positions, elements of the 103rd Regiment pursued the retreating Japanese forces toward Pozorrubio. Meanwhile, two reinforced companies advanced toward Potpot, and both towns ultimately fell into American hands on January 17. In a broader strategic context, General Krueger directed General Griswold to dispatch additional troops south of the Agno River in preparation for a decisive push toward Manila. By January 17, the 14th Corps had established outposts at key locations including Moncada, Nampicuan, Anao, and Paniqui, solidifying their control over the area. Simultaneously, Japanese General Nishiyama was preparing to initiate a local counteroffensive by nightfall on January 16. However, the 72nd Regiment's raiding unit was unable to participate due to enemy penetrations disrupting their plans. On the northern front, Sato's raiding unit conducted a minor raid against an artillery position held by the 158th Regiment, but this attack proved largely inconsequential. In contrast, the raiding unit from the 71st Regiment executed a more impactful maneuver by advancing down the Bued River valley. They successfully infiltrated the rear installations of the 172nd Regiment, where they ignited a gasoline dump, damaging several trucks in the process. This raid resulted in the deaths of two American soldiers and injuries to eight others. At Palacpalac, confusion reigned as the retreating 2nd Battalion of the 64th Regiment inadvertently engaged with the perimeter of the 1st Battalion of the 169th Regiment. This chaotic encounter cost the Japanese approximately 100 men before they retreated in disarray, further illustrating the tumultuous nature of the battlefield. In a dramatic turn of events, the tank raiding unit launched a surprise attack on the newly established outpost at Potpot. Initially, the first two tanks managed to breach the perimeter, unleashing a barrage of machine-gun fire in all directions as they sped away down the road toward Manaoag. However, the remaining tanks, along with their infantry support, encountered fierce resistance from determined defenders, leading to a sharp and intense fire fight that lasted two hours. Despite their initial success, the attackers were ultimately repelled. As dawn broke, the two tanks that had previously penetrated the defenses returned down the Manaoag road, but this time they met their demise, successfully destroyed by the defenders who had regrouped and fortified their positions. Since the onset of the invasion, the 1st Corps had suffered significant casualties, with approximately 220 men killed and 660 wounded. In stark contrast, Griswold's forces experienced far lighter losses, with only 30 killed and 90 wounded. With the enemy's counterattack thwarted, the 43rd Division managed to secure positions that effectively reduced the likelihood of another large-scale surprise offensive from the Japanese forces. However, to completely eliminate the remaining threats, Commander Wing recognized the necessity of securing control over the Rosario junction and establishing a solid hold on Route 3 to the south of this critical point. The challenge was considerable, as Japanese artillery, mortars, and machine guns positioned on the surrounding high ground commanded all approaches to Rosario. Consequently, Wing had no choice but to restrict the 172nd Regiment to a defensive holding action on its left flank while directing its right flank to seize the high ground immediately to the north and northwest of Rosario. In addition, the 63rd and 158th Regiments were tasked with neutralizing the enemy stronghold along the Rosario-Damortis road. To expedite the capture of the road junction, Wing also planned for the 103rd and 169th Regiments to launch an offensive drive north along Route 3. This coordinated effort aimed to strengthen their strategic position and diminish the Japanese threat in the region, ultimately paving the way for a more secure and stable front. In response to the evolving battlefield situation, General Krueger ultimately ordered General Mullins' 25th Division to secure the right flank previously held by Wing's forces. This strategic move prompted the 27th and 161st Regiments to begin the process of relieving the 103rd and 169th Regiments. By doing so, the 6th Division would be able to resume its advance, now directed towards Urdaneta and the Cabaruan Hills, critical areas for the ongoing campaign. To the west, Krueger aimed to maintain the 14th Corps along the Agno River line until General Swift's 1st Corps could effectively neutralize the enemy resistance stretching from Damortis to Urdaneta. This would enable Swift's forces to maneuver southward alongside Griswold's corps. However, General MacArthur was eager to initiate a southern advance toward Manila as soon as possible. Consequently, he instructed the 14th Corps to reposition its main forces back to their previous outpost line south of the Agno by January 20. Following this, the corps was to launch an offensive towards Tarlac and Victoria. Once they established a presence along the Tarlac-Victoria line, the corps would prepare to advance toward Clark Field, a vital objective necessary for the successful neutralization of Japanese strongholds at Iwo Jima and Okinawa. To bolster this offensive, MacArthur also planned to deploy the 11th Corps on the western coast of Luzon, just north of the Bataan Peninsula. This amphibious operation aimed to disrupt Japanese defensive strategies in the Clark Field area, thereby enhancing the overall effectiveness of the Allied campaign. In contrast, in reaction to the loss of the Hill 200 complex, Japanese General Yamashita ordered the 2nd Tank Division to advance immediately into the Tayug sector. There, Lieutenant-General Iwanaka Yoshiharu would take command of the 10th Division forces already stationed in the region. The armored units were tasked with positioning themselves along the trail north of San Nicolas and on both sides of the Ambayabang River, with the objective of containing any potential enemy advances to the east. Additionally, the Shigemi Detachment received orders to move its main forces from San Manuel to Binalonan, where they were to defend the town resolutely, prepared to hold their ground against any assault. In addition, General Okamoto was tasked with positioning his main forces to secure the immediate approaches to San Jose. Meanwhile, General Tsuda's 105th Division was instructed to advance northward through Cabanatuan as quickly as possible to establish defensive positions behind the 10th Division, specifically at Minuli and north of Carranglan. However, not all of these strategic plans could be effectively executed. By January 17, Yamashita discovered that the Villa Verde Trail was impassable for tanks and trucks, rendering it unusable for the planned armored movements. Furthermore, the terrain in the Tayug-San Nicolas area proved to be unsuitable for armored operations, complicating the situation further. On January 17 the 14th Area Army commander belatedly learned that the 10th Division had never concentrated at San Jose and that it had made no real effort to dispose itself along the entire Tayug-Umingan-Lupao-San Jose defense line for which it was responsible. General Okamoto, the division commander, had decided that he did not have sufficient strength to hold the relatively open ground assigned to him. Most of his 39th Regiment was with the Kembu Group; the bulk of the 10th Regiment, greatly understrength, was attached to the 103rd Division for the defense of northern Luzon; and, at least as late as of January 15, he had received no word as to when he might expect the attached Tsuda Detachment to arrive in the San Jose area from the east coast. He had therefore withdrawn most of his troops up Route 5 from San Jose and had started disposing them along the line Yamashita had intended the 105th Division to hold; leaving behind only a reinforced infantry company and two artillery battalions to secure the all-important railhead. Okamoto had directed the 10th Reconnaissance Regiment to remain in the San Nicolas area, and he stationed three or four rifle companies of his 63rd Regiment along the Tayug-Lupao line and in rising ground to the southwest. Confronted with these unexpected developments, Yamashita concluded that he had no choice but to accept the redeployment of the 10th Division as an established fact. Consequently, he ordered the 2nd Tank Division, which had already begun its movement toward Tayug, to concentrate its main forces southeast of Tayug to safeguard the immediate approaches to San Jose. Additionally, the 6th Tank Regiment was assigned to position itself in Muñoz to cover the southwestern approach to the area. To further bolster defenses, Tsuda was instructed to deploy two of his five advance battalions to San Jose. However, as these tactical adjustments were being made, it became necessary to shift focus away from Luzon and turn attention toward Leyte, where the final operations on the island were unfolding. It is important to note that the majority of General Suzuki's forces had successfully retreated to the Villaba-Mount Canguipot region, although some strong elements remained isolated further to the east. With General Eichelberger's 8th Army assuming control of the island, American forces commenced the final phase of operations to secure Leyte, methodically working to eliminate any remaining pockets of resistance. From January 1 to February 15, the 11th Airborne Division conducted patrols in the Burauen area, where they engaged and successfully eliminated a well-entrenched enemy force positioned on the southern slopes of Mount Majunag. Meanwhile, the 96th Division carried out extensive patrols in the eastern mountainous regions before taking over from the 11th Airborne Division. In the southern part of the island, the 7th Division launched numerous patrols and deployed a reinforced battalion that effectively neutralized all enemy forces in the Camotes Islands. Additionally, the 77th Division focused on clearing various pockets of enemy resistance located in northwestern Leyte. By late January, the Americal Division arrived to assist in the cleanup operations in Samar and Leyte, a mission that was successfully completed by February 24, with support from the 1st Filipino Regiment. However, during this time, Japanese General Suzuki was formulating his strategy for Operation Chi-Go. This operation involved the amphibious movement of several military units to different islands within the Visayas using large motorized landing barges. Suzuki's initial plan entailed deploying the majority of the 1st Division to establish a garrison on Cebu Island, while the headquarters of the 35th Army was to relocate to Davao. This strategic move would enable him to take direct command of military operations on Mindanao. Following this, he intended to dispatch the 41st and 77th Regiments to Mindanao, assign the 26th Division to the Bacolod area on Negros Island, and send the 5th Regiment along with units from the 102nd Division to Cebu. Furthermore, the 16th Division and the 68th Brigade, commanded by General Makino, were to remain in Leyte to engage in guerrilla warfare tactics. The 102nd Division presented certain difficulties. There had been instances of 40 to 50 deserters fleeing to Cebu or Negros on boats they had built for themselves. Deserters that were apprehended were court-martialed. General Suzuki for some time had been out of touch with General Fukei, the commanding general of the 102nd Division, which was in the Mt. Pina area. By chance, one of Suzuki's officers learned that Fukei was planning to evacuate to Cebu. Suzuki was incensed since he and his staff felt that Fukei "was violating the military code in taking these steps without consent." He therefore ordered Fukei to remain at Leyte. Fukei did not answer but his chief of staff sent the following reply: "We appreciate the efforts of Army but at the present time we are very busy preparing for retreat. The division commander and chief of staff are unable to report to Army Headquarters." Suzuki was "entirely displeased" with the reaction of Fukei and sent his chief of staff, General Tomochika, to investigate the situation. When Tomochika arrived he found that Fukei, with his chief of staff and some headquarters personnel, had already left for Cebu. The sequel to these events was that Suzuki relieved Fukei of his command and ordered him to remain on Cebu until he received further orders. Upon the arrival of Suzuki in Cebu in the spring of 1945, Fukei was sentenced to confinement for thirty days. Suzuki asked IGHQ in Tokyo for authority to court-martial Fukei but no reply was forthcoming. In the end, Fukei was released and later returned to command of the 102nd Division. In the midst of ongoing military operations, Suzuki implemented measures to ensure that the forces stationed on Leyte could sustain themselves. He instructed his troops to make the most of local resources by utilizing available food and materials. This included directives to cultivate sweet potatoes and Indian corn, with the hope of sourcing all necessary provisions from the surrounding areas outside their operational base. However, the Japanese forces faced significant challenges due to relentless American air raids and mop-up operations, which severely hindered their ability to procure supplies. The hostile environment made it difficult for them to plant and harvest the crops they had intended to grow. Despite these obstacles, the Japanese managed to capitalize on the conclusion of the harvest season. They were able to secure substantial amounts of food that had been stored by local Filipinos, including a considerable quantity of coconuts and sweet potatoes. By early January, the 1st Division began its gradual movement toward Cebu, successfully transporting around 800 men to the island by mid-January. Unfortunately, the situation worsened as enemy PT boats established a stringent sea blockade, rendering maritime transportation impractical until mid-March. This blockade left approximately 2,000 men from the 1st Division, along with other units of the 35th Army, stranded on Leyte. Simultaneously, the Imahori Detachment, alongside the Mitsui Shipping Unit and the 77th Regiment, advanced to the southern Matag-ob area and subsequently moved toward Villaba, reaching their destination in early February. The majority of the 26th Division also made progress, arriving in the region north of Ormoc in mid-January before commencing a northwestward movement. By February, they successfully established contact with the rest of the 35th Army. Meanwhile, the remnants of the 16th Division could only reach the Valencia area in February, where they would remain until the end of the month. For the foreseeable future, the Japanese units left behind on Leyte faced the daunting task of defending against the advancing Americal Division and the 1st Filipino Regiment, which were steadily gaining ground. I would like to take this time to remind you all that this podcast is only made possible through the efforts of Kings and Generals over at Youtube. Please go subscribe to Kings and Generals over at Youtube and to continue helping us produce this content please check out www.patreon.com/kingsandgenerals. If you are still hungry after that, give my personal channel a look over at The Pacific War Channel at Youtube, it would mean a lot to me. Admiral Halsey launched Operation Gratitude, targeting Japanese shipping. Despite misleading intel, they decimated enemy convoys, showcasing the effectiveness of airstrikes and securing strategic advances in Luzon. American forces advanced through Luzon while Task Force 38 struck Formosa and Hong Kong. Despite fierce Japanese resistance and challenging weather, the Allies steadily gained ground, though both sides suffered significant losses in the campaign.
In today's episode, we explore how sometimes the best innovations come from rethinking the basics rather than fixing what already exists. That's exactly what Flashbots is achieving with their groundbreaking innovations in the rollup space - creating something entirely new instead of patching the old. At its core, this is about building a better trading system from the ground up. Flashbots stepped back from the usual approach of fixing individual problems and asked a fundamental question: "How can we design a blockchain specifically for trading?" Their answer is Unichain, which focuses on two essential components - optimizing transaction speed and ensuring precise trade ordering. One of the biggest challenges in blockchain trading has been MEV, where traders can lose value due to transaction ordering issues. Flashbots has developed an innovative solution using Trusted Execution Environments (TEEs) - secure computational environments that ensure fair and transparent trade processing. The benefits of this new approach are far-reaching. Regular traders experience faster and more reliable transactions. Developers gain access to enhanced tools for building sophisticated trading applications. And the entire system operates with significantly improved efficiency. This development signals an important shift in blockchain technology's evolution. Rather than attempting to create all-purpose blockchains, we're witnessing the emergence of specialized chains designed for specific use cases. In this instance, Unichain excels at one crucial function: enabling superior trading experiences. We'll explore these technological improvements in detail and examine how they're shaping the future of onchain scaling for Ethereum, in the dark forest. The Rollup Join The Rollup Edge: https://members.therollup.co Website: https://therollup.co Spotify: https://open.spotify.com/show/1P6ZeYd.. Podcast: https://therollup.co/category/podcast Follow us on X: https://www.x.com/therollupco Follow Rob on X: https://www.x.com/robbie_rollup Follow Andy on X: https://www.x.com/ayyyeandy Join our TG group: https://t.me/+8ARkR_YZixE5YjBh The Rollup Disclosures: https://therollup.co/the-rollup-discl...
In this episode, Hasu joined us to discuss the state of liquid staking today, Ethereum's issuance debate, and Ethereum's North Star. We also unpacked Hasu's GOOSE-2 submission, and all that it would entail. Finally, Hasu left us with some teasers for Lido v3! Thanks for tuning in! -- Resources Is Liquid Staking Winner Take All? https://youtu.be/8V55eQOG2L8?feature=shared Unlocking Institutional Ethereum Staking: https://app.blockworksresearch.com/research/unlocking-institutional-ethereum-staking-a-survey-of-industry-leaders Uncommon Core: Ethereum's Staking Endgame: https://x.com/UCC2_xyz/status/1771145475497804193 Hasu's GOOSE-2 Submission: https://research.lido.fi/t/hasus-goose-2-submission-a-product-line-approach-to-grow-lido-s-staking-ecosystem/8841 -- Uniswap Labs is running a $15.5 million bug bounty for critical bugs found in Uniswap v4, the largest bug bounty crypto has ever seen! This bug bounty follows nine independent audits of the protocol, and aims to make it one of the most rigorously reviewed codebases ever deployed to Ethereum. You'll find all the information you need about the bug bounty, from eligibility and scope to, of course, details about rewards and prize payouts in the following link: https://v4.uniswap.org/?utm_medium=podcast&utm_source=bellcurve&utm_campaign=11-24-v4 -- Follow Hasu: https://x.com/hasufl Follow Mike: https://x.com/MikeIppolito_ Subscribe on YouTube: https://bit.ly/3R1D1D9 Subscribe on Apple: https://apple.co/3pQTfmD Subscribe on Spotify: https://spoti.fi/3cpKZXH Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx -- Timestamps: (0:00) Introduction (1:53) The State of Liquid Staking Today (9:47) Institutional ETH Staking & Centralization Concerns (25:03) Ethereum's Issuance Debate (40:42) Ethereum's North Star (1:05:02) Uniswap Ad (1:05:56) Overview of GOOSE-2 (1:17:09) The stETH Product Line (1:27:41) LDOs Evolution (1:40:54) Teasing Lido v3 -- Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.
In this episode, Hayden Adams and Hasu joined us to discuss Ethereum's rollup centric roadmap, and the vision for Unichain. We also dove into priority ordering, MEV taxes, and LP arbitrage. Finally, we ended the episode by unpacking MEV on L2s vs mainnet, TEEs, and potential cons of Ethereum's rollup centric roadmap. Thanks for tuning in! -- Resources Priority Is All You Need: https://www.paradigm.xyz/2024/06/priority-is-all-you-need Unichain White Paper: https://docs.unichain.org/whitepaper.pdf Introducing Rollup-Boost: https://writings.flashbots.net/introducing-rollup-boost -- Fuel Ignition launches as a high-performance Ethereum L2, running on consumer hardware to combat blockchain centralization. Powered by FuelVM, it offers fast, low-cost transactions with Ethereum and Solana wallet support. Explore our growing ecosystem of DApps for crypto management, DEXs, lending, and more. Visit fuel.network to learn more and start building for tomorrow, today! -- Follow Unichain: https://x.com/unichain Follow Hayden: https://x.com/haydenzadams Follow Hasu: https://x.com/hasufl Follow Mike: https://x.com/MikeIppolito_ Subscribe on YouTube: https://bit.ly/3R1D1D9 Subscribe on Apple: https://apple.co/3pQTfmD Subscribe on Spotify: https://spoti.fi/3cpKZXH Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ Join the Bell Curve Telegram group: https://t.me/+nzyxAvQ0Xxc3YTEx -- Timestamps: (0:00) Introduction (1:24) Ethereum's Rollup Centric Rollup (11:21) The Unichain Vision (22:14) Priority Ordering, MEV Taxes, and LP Arbitrage (36:30) Fuel Ad (37:24) Unichain: Built For A Community, Not Use Cases (42:23) Full Stack Building In Crypto (52:58) Who Should Be the Voice of the User? (55:24) Decision Making at Uniswap (59:06) MEV On L2s vs L1 (1:04:59) Trusted Execution Environments (1:15:20) Potential Cons of the Rollup Centric Roadmap -- Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.
In this episode, Hasu and Justin Drake joined us to discuss restaking, preconfs, Minimum Viable Issuance, and the future of Ethereum. We dive into the effects Ethereum monetary policy has on the validator set, the current market for restaking, and our thoughts on attester-proposer separation and proposer-builder separation. Finally, we cover what we're most excited about in the future of Ethereum. Thanks for tuning in! -- Namada is the shielded asset hub rewarding you to protect the multichain. Enabling data protection for any existing asset, app, or chain, Namada introduces shielded cross-chain actions and rewards for shielding your assets, which strengthens data protection guarantees for everyone. Namada is currently in its mainnet launch phase — follow along on namada.net -- Kinto is the Safety-first L2 designed to accelerate the transition to an on-chain financial system. If you believe in this on-chain financial system, join Kinto's launch program (Engen) and become a founding member at engen.kinto.xyz -- Follow Hasu: https://x.com/hasufl Follow Justin: https://x.com/drakefjustin Follow Myles: https://x.com/MylesOneil Follow Mike: https://x.com/MikeIppolito_ Subscribe on YouTube: https://bit.ly/3R1D1D9 Subscribe on Apple: https://apple.co/3pQTfmD Subscribe on Spotify: https://spoti.fi/3cpKZXH- - -- Resources stETH is the decentralized reserve currency for the sovereign internet: https://www.adcv.xyz/p/steth-is-the-decentralized-reserve-currency -- Timestamps: (0:00) Introduction (2:40) The Minimum Viable Issuance Debate (13:38) Monetary Policy & Impacts on the Validator Set (31:43) Namada Ad (32:42) Kinto Ad (33:35) Restaking's Effect on ETH Monetary Policy (44:16) Thoughts on APS and PBS (57:33) Decentralizing Centralized Components with Restaking (1:06:25) The Restaking Supply & Demand Mismatch (1:23:59) The Future of Ethereum -- Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed.
A daily update on what's happening in the Rocket Pool community on Discord, Twitter, Reddit, and the DAO forum. Today's episode covers: Amazing spot ETH ETF news, 400th episode of Rocket Fuel, RPL ratio lows, and Justin Drake advises EigenLayer. 0:00 - Welcome 0:40 - OH FUCK OH FUCK - ETH ETF news https://x.com/EricBalchunas/status/1792636523050906102 https://x.com/JSeyff/status/1792637403682701422 https://www.binance.com/en/trade/ETH_USDT 6:49 - 400 episodes today https://discord.com/channels/405159462932971535/405163713063288832/1241138144053821544 Rocket Pool news 7:52 - RPL ratio hits new cycle lows https://discord.com/channels/405159462932971535/405163713063288832/1241856566592798750 https://discord.com/channels/405159462932971535/405503016234385409/1241946862572011520 9:46 - LST/LRT risks https://x.com/gauntlet_xyz/status/1791529656820388160 https://www.gauntlet.xyz/resources/liquid-restaking-token-lrt-market-risk-framework 11:57 - New Rocket Sweep update https://discord.com/channels/405159462932971535/405163713063288832/1241994170097209354 12:51 - Drama in Rocket Pool land https://discord.com/channels/405159462932971535/405163713063288832/1240935026129113088 https://discord.com/channels/405159462932971535/405163713063288832/1241972069747654736 https://discord.com/channels/405159462932971535/405163713063288832/1242106464290607114 16:10 - Breaking ETF news Staking news 17:17 - Justin Drake announces advisorship to EigenFoundationhttps://x.com/drakefjustin/status/1792143477163106787? https://x.com/orb_land/status/1792497075344531794 https://x.com/drakefjustin/status/1792482530928578947 https://x.com/eawosikaa/status/1792289090324382013 23:59 - Hasu and Vasily talk Lido research https://open.spotify.com/episode/364WNOub7Vm0vzbi7a9IxL?si=TknJX7bBSjKS8w1h7qCtlQ&context=spotify%3Ashow%3A0rGocvZ7oZR6vuy0UHKAON 25:57 - Puffer swapping out of Lido https://discord.com/channels/405159462932971535/405163713063288832/1242144990902354080 https://x.com/lidodominance 27:40 - Another Diva vote https://commonwealth.im/divastaking/discussion/17348-diva-transferrability Ethereum news 29:13 - More spot ETF breaking news 29:56 - OP stack fault proof proposal https://x.com/liamihorne/status/1791583020551397746?s=46 30:54 - ETH spot ETF insights https://x.com/nategeraci/status/1792330334169903568?s=46 https://x.com/qeycc/status/1792333564454846509?s=46 https://archive.ph/wNMI1 36:18 - Stablecoins taking over https://x.com/ryanwatkins_/status/1792269389141553469?s=46 38:17 - Will L2s split to become L1s? https://x.com/timjrobinson/status/1792019147670561230 39:13 - Georgios talks L2 scaling https://x.com/gakonst/status/1792088024769089655 40:18 - Where is crypto capital? https://x.com/ryanberckmans/status/1791877248536252632 41:59 - Into the Ether podcast relaunching https://x.com/econoar/status/1792538794237010156?s=46 In other news 43:15 - Political movements https://x.com/nicktimiraos/status/1792559780378103868?s=46 https://x.com/yugacohler/status/1792629770095632739?s=46
Flashbots' Hasu discusses the recent MEV Boost exploit, emphasizing the ongoing MEV challenges and the need for decentralized solutions.Follow the show here for more.This installment of "The Protocol," hosts Brad Keoun, the founding editor of The Protocol Newsletter, and tech journalists Sam Kessler and Margaux Nijkerk interview Hasu, head of strategy at Flashbots and advisor to the Lido DAO. They discuss the recent exploit in the MEV Boost codebase, the Department of Justice's response, and the ongoing efforts to solve MEV. The conversation also covers restaking, Lido's role in the restaking ecosystem, censorship resistance, design differences between Eigenlayer and Symbiotic, and the future of Ethereum.Takeaways | The recent exploit in the MEV Boost code base highlights the ongoing battle to solve MEV and the need for more decentralized solutions.Restaking is a market to rent economic security and work from an open market, and there are different approaches to restaking, such as native restaking and non-native restaking.Lido aims to make staked ETH the dominant asset in Ethereum DeFi and stimulate demand for renting security with StakeETH.The design differences between Eigenlayer and Symbiotic in the restaking ecosystem offer different trade-offs in terms of capital efficiency and spillover effects.Censorship resistance in Ethereum can be addressed through inclusion lists, private memepools, and geographical/geopolitical diversity in the network.Chapters00:00 MEV Exploit and the Battle to Solve MEV09:04 The Role of Lido in the Restaking Ecosystem21:11 Swav: Fast, Private, and Decentralized Off-chain Computation28:11 Restaking: Renting Economic Security32:54 Design Differences: Eigenlayer vs. Symbiotic39:02 StakeETH: Making Staked ETH the Dominant Asset40:55 Addressing Censorship Resistance in EthereumSign Up for THE PROTOCOL NEWSLETTER EPISODE LINKS | How MIT Brothers Allegedly Cheated a Noxious-But-Accepted Ethereum Practice for $25M Brothers Accused of $25M Ethereum Exploit as U.S. Reveals Fraud Charges -The Protocol has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “Take Me Back” by Strength To Last.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
In this week's interview Hasu from Flashbots and Vasiliy from Lido DAO discuss the current state of Ethereum's issuance and staking dynamics post-merge. They explore the potential impact of institutional demand, solo staking, and restaking on the validator set and issuance policy. The conversation also touches on the evolving role of liquid staking derivatives like stETH and how Lido plans to adapt its strategy as more activity moves to Layer 2 rollups. Thanks for tuning in! - - Follow Vasiliy: https://twitter.com/_vshapovalov Follow Hasu: https://twitter.com/hasufl Follow Boccaccio: https://twitter.com/tripleboccaccio Follow Westie: https://twitter.com/WestieCapital Follow Blockworks Research: https://twitter.com/blockworksres Subscribe on YouTube: https://bit.ly/3foDS38 Subscribe on Apple: https://apple.co/3SNhUEt Subscribe on Spotify: https://spoti.fi/3NlP1hA Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ - - Wormhole is a decentralized interoperability platform powering multi-chain applications and bridges. It provides developers with access to liquidity and users on over 30 leading blockchain networks, enabling use cases in DeFi, data queries, and governance. The platform is trusted by teams like Uniswap and Circle and, to date, the platform has facilitated the transfer of over 35 billion dollars through over 850 million cross-chain messages. Claim your unique Wormhole NFT at https://forms.clickup.com/45049775/f/1aytxf-16531/KJK3BCP3FQKVJLUAAX - - Pear is an innovative pair-trading exchange built on top of SYMMIO. Users can trade trending narratives with one click, from bluechip narratives such as long BTC, short ETH, right through to WIF vs BONK. SYMMIO's intent-centric architecture enables deep liquidity, sourced off-chain and brought on-chain, and combined with Pear, have democratized access to complex trading strategies typically reserved for institutional traders. Start trading today at: https://www.pear.garden/ - - Marinade is the leading Solana staking service that spreads your stake across 100+ top validators, distributes MEV rewards, and provides automatic downside protection with new Protected Staking Rewards. Choose to liquid stake for mSOL for use in DeFi, or delegate your stake through Marinade Native, which gives you full custody of your SOL and no smart contract risk. Max performance for you, max performance for Solana. https://blckwrks.co/Marinade - - Timestamps: (0:00) Introduction (2:32) State of Eth Issuance (17:54) Wormhole Ad (18:33) Pear Ad (18:58) Marinade Ad (19:37) Avalanche Ad (20:19) Institutional Lido Demand (27:02) Changing ETH Issuance Curve (42:17) ETH Native Liquidity (47:24) Impact of ETH Restaking - - Check out Blockworks Research today! Research, data, governance, tokenomics, and models – now, all in one place Blockworks Research: https://www.blockworksresearch.com/ Free Daily Newsletter: https://blockworks.co/newsletter - - Disclaimer: Nothing said on 0xResearch is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Dan, Sam, and our guests may hold positions in the companies, funds, or projects discussed.
A daily update on what's happening in the Rocket Pool community on Discord, Twitter, Reddit, and the DAO forum. Today's episode covers: Houston delayed, Smart Node v2 complete, and EIP-7251 update 0:00 - Welcome 0:26 - Houston delayed https://discord.com/channels/405159462932971535/405163979141545995/1226700973012025476 3:58 - Smart Node v2 complete https://discord.com/channels/405159462932971535/405163713063288832/1225874656985354270 6:32 - RP starts advertising on Beaconcha.in https://discord.com/channels/405159462932971535/405163713063288832/1225414114239582238 7:59 - Execution Layer consolidation? https://discord.com/channels/405159462932971535/405163713063288832/1225195636601782312 https://discord.com/channels/405159462932971535/857072928155762718/1225584349475377202 https://twitter.com/philngo_/status/1776028185877987532 11:00 - The GMC is asking for feedback https://dao.rocketpool.net/t/round-11-gmc-community-discussion-of-submitted-applications/2774 https://dao.rocketpool.net/c/grant-bounties/13 13:17 - Problem with rolling records https://discord.com/channels/405159462932971535/405163713063288832/1225180035141341429 https://discord.com/channels/405159462932971535/1070004025610739883/1225190569077375096 https://discord.com/channels/405159462932971535/1016190079808581723/1225727620759552021 https://discord.com/channels/405159462932971535/1070004025610739883/1225798140460925059 15:26 - Tokenomics stuff https://dao.rocketpool.net/t/2024-tokenomics-rework-drafts/2847/41?u=samus https://dao.rocketpool.net/t/tokenomic-rework-vibe-check-surplus-revenue-redistribution/2912 24:42 - RP DeFi opportunities https://twitter.com/StakeRocketPool/status/1776368043410550888 26:10 - Genesis finishes liquidation of gbtc https://x.com/btc_archive/status/1776269757227901062?s=46 27:23 - Hasu correction https://discord.com/channels/405159462932971535/1070004025610739883/1225280782126288937 27:51 - Absence explained https://discord.com/channels/405159462932971535/405163713063288832/1226830681288609884
Hasu and Jon bring on Ansgar and Caspar from the Ethereum Foundation to discuss the ETH staking endgame. Ansgar and Caspar recently published two controversial research posts which included a proposal to change Ethereum's issuance curve. They are concerned that the current ETH staking economics could lead to nearly 100% of ETH being staked, with much of that in LSTs. They propose reducing issuance and targeting a lower stake rate. We go deep in this episode on PoS economics, liquid staking, restaking, economic security, centralization concerns, and much more. __ Timestamps: (00:00) Intro (00:25) Possible Changes to ETH Staking? (00:49) Overview of Current ETH Staking (16:32) LSTs & Staking Rate Increasing (21:36) Nominal vs Real Yield (23:22) Tax Implications of Staking (27:57) Staking Demand & External Revenue (35:33) Stake Ratio Targeting (36:21) Is 100% Staking Bad? (40:05) Can ETH LSTs be Money? (55:24) Would Any Changes Make a Difference? (01:04:05) Stake Targeting (01:10:20) Will Targeting Centralize Validators? (01:22:53) Fiat Money Parallels (01:25:16) MEV & Restaking Revenue (01:30:52) Electra Proposal to Change Issuance (01:46:01) Security Budget & Economic Security (01:53:40) Validator Set Quality (01:55:10) Incentives to Maximize Validator Decentralization (02:19:00) PoS vs PoW Political Complexity __ Twitter: Hasu - https://twitter.com/hasufl Jon Charbonneau - https://twitter.com/jon_charb Uncommon Core 2.0 - https://twitter.com/UCC2_xyz Ansgar - https://twitter.com/adietrichs Caspar - https://twitter.com/casparschwa __ Referenced Materials: Endgame Staking Economics: A Case for Targeting - https://ethresear.ch/t/endgame-staking-economics-a-case-for-targeting/18751 Electra: Issuance Curve Adjustment Proposal - https://ethereum-magicians.org/t/electra-issuance-curve-adjustment-proposal/18825 Properties of issuance level: consensus incentives and variability across potential reward curves - https://ethresear.ch/t/properties-of-issuance-level-consensus-incentives-and-variability-across-potential-reward-curves/18448 __ Disclaimer: The material and information presented in this podcast is for general informational purposes only and should not be considered investment advice. The views, thoughts, and opinions expressed in this podcast are solely those of the speakers and are not the views of any entity or other person with whom the speaker is affiliated, including, without limitation, DBA Crypto, LLC. The “DBA Crypto” name and all forms thereof are the sole property of its owner, and its use does not imply endorsement of or opposition to any specific organization, product, or service.
In today's interview Sam and Brick are joined by Vance, Mark, and Hasu. Together they dive into MakerDAO's endgame. They discuss the current state of MakerDAO, including the DAI stablecoin and RWA adoption. The conversation then shifts to the bull case for Maker, with a focus on the new subDAO structure and how it aims to drive demand for the Maker token through a flywheel effect involving token farming incentives. The guests also debate the challenges MakerDAO faces in igniting organic demand for DAI and finding product-market fit between more centralized stablecoins like USDC. Stick around for all of this and much more! - - Follow Vance: https://twitter.com/pythianism Follow Mark: https://twitter.com/AesPoker Follow Hasu: https://twitter.com/hasufl Follow Sam: https://twitter.com/swmartin19 Follow Brick: https://twitter.com/0x___Brick Follow Blockworks Research: https://twitter.com/blockworksres Subscribe on YouTube: https://bit.ly/3foDS38 Subscribe on Apple: https://apple.co/3SNhUEt Subscribe on Spotify: https://spoti.fi/3NlP1hA Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ - - Resources https://www.steakhouse.financial/projects/makerdao-financial-report-2023 PDF: https://drive.google.com/file/d/196mQAbiajSnjFM3SJq-pGuF8GhUwKtL3/view?usp=sharing PDF (IPFS): https://aqua-hollow-alpaca-520.mypinata.cloud/ipfs/QmdPmF9EuogwY5F2VHbYXG6eke8hYBvBc5p5rXQtvg1WtM EPUB: https://drive.google.com/file/d/18MVlmvd-b-bnFXAu2hnp7P0cPgj5DYHN/view?usp=sharing EPUB (IPFS): https://aqua-hollow-alpaca-520.mypinata.cloud/ipfs/QmXnr3VdsgM5MDjN3yMWmerQjWQMU54ExVW2yncSM9PAiA - - Join us at DAS (Digital Asset Summit) in London this March! DAS is the #1 institutional conference in crypto, hosted by Blockworks. Use the link below to learn more, and use 0X10 to get 10% off your ticket! Sign up now because the price goes up every month. See you there! Learn more + get your ticket here: https://blockworks.co/event/digital-asset-summit-2024-london/home - - Timestamps: (0:00) Introduction (1:37) MakerDAO Overview (5:29) Maker's RWA Adoption (15:52) Future of DAI Adoption (21:27) Bull Case for Maker (28:36) DAS London Ad (29:43) MakerDAO Endgame (35:20) subDAO Structure Inefficiencies (46:04) Maker Token Demand - - Check out Blockworks Research today! Research, data, governance, tokenomics, and models – now, all in one place Blockworks Research: https://www.blockworksresearch.com/ Free Daily Newsletter: https://blockworks.co/newsletter - - Disclaimer: Nothing said on 0xResearch is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Dan, Sam, and our guests may hold positions in the companies, funds, or projects discussed.
In today's interview Sam and Brick are joined by Vance, Mark, and Hasu. Together they dive into MakerDAO's endgame. They discuss the current state of MakerDAO, including the DAI stablecoin and RWA adoption. The conversation then shifts to the bull case for Maker, with a focus on the new subDAO structure and how it aims to drive demand for the Maker token through a flywheel effect involving token farming incentives. The guests also debate the challenges MakerDAO faces in igniting organic demand for DAI and finding product-market fit between more centralized stablecoins like USDC. Stick around for all of this and much more! - - Follow Vance: https://twitter.com/pythianism Follow Mark: https://twitter.com/AesPoker Follow Hasu: https://twitter.com/hasufl Follow Sam: https://twitter.com/swmartin19 Follow Brick: https://twitter.com/0x___Brick Follow Blockworks Research: https://twitter.com/blockworksres Subscribe on YouTube: https://bit.ly/3foDS38 Subscribe on Apple: https://apple.co/3SNhUEt Subscribe on Spotify: https://spoti.fi/3NlP1hA Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ - - Resources https://www.steakhouse.financial/projects/makerdao-financial-report-2023 PDF: https://drive.google.com/file/d/196mQAbiajSnjFM3SJq-pGuF8GhUwKtL3/view?usp=sharing PDF (IPFS): https://aqua-hollow-alpaca-520.mypinata.cloud/ipfs/QmdPmF9EuogwY5F2VHbYXG6eke8hYBvBc5p5rXQtvg1WtM EPUB: https://drive.google.com/file/d/18MVlmvd-b-bnFXAu2hnp7P0cPgj5DYHN/view?usp=sharing EPUB (IPFS): https://aqua-hollow-alpaca-520.mypinata.cloud/ipfs/QmXnr3VdsgM5MDjN3yMWmerQjWQMU54ExVW2yncSM9PAiA - - Join us at DAS (Digital Asset Summit) in London this March! DAS is the #1 institutional conference in crypto, hosted by Blockworks. Use the link below to learn more, and use 0X10 to get 10% off your ticket! Sign up now because the price goes up every month. See you there! Learn more + get your ticket here: https://blockworks.co/event/digital-asset-summit-2024-london/home - - Timestamps: (0:00) Introduction (1:37) MakerDAO Overview (5:29) Maker's RWA Adoption (15:52) Future of DAI Adoption (21:27) Bull Case for Maker (28:36) DAS London Ad (29:43) MakerDAO Endgame (35:20) subDAO Structure Inefficiencies (46:04) Maker Token Demand - - Check out Blockworks Research today! Research, data, governance, tokenomics, and models – now, all in one place Blockworks Research: https://www.blockworksresearch.com/ Free Daily Newsletter: https://blockworks.co/newsletter - - Disclaimer: Nothing said on 0xResearch is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Dan, Sam, and our guests may hold positions in the companies, funds, or projects discussed.
We're back, baby! It's so good to finally have time to sit down and share a few thoughts on what we've been wearing, sampling, and receiving lately. It's also time we shared some pointless asides like a brief journey down the butt rock bands rabbit hole of the mid 2000s, how a bank robber stumbled through our backyard, and the ups and downs of placing your child in daycare. It's a fun time to be alive! Special thanks to Arquiste, Maison d'Etto, and Libertine Fragrance for spoiling us recently with gifts and perfumes. Newsletter Reference: Fumes by Miccaeli and her wonderful feature on Marlou. Read Here(00:00) - - Opening Thoughts, Daycare, and Bank Robbers (03:20) - - Gifts from Maison d'Etto and Arquiste (14:57) - - Lost in the New Release Shuffle (19:12) - - New Pickups, Samples, and News (30:30) - - Burrow by Libertine Fragrance (35:19) - - Highlights from the Tray (46:38) - - The Game Scents Mentioned In This Episode:Karat EG by Maison d'Etto / Altar Candle by Byredo / Rotano by Maison d'Etto / Corpalium and Ambilux by Marlou / L'Etrog by Arquiste / By Mattew Zink / L'Or de Louis by Arquiste / Muguet Fleuri by Oriza L Legrand / Carnicure by Marlou / Fauna and Leather Petals by Régime des Fleurs / Santal Majascule by Serge Lutens / Vanilla Powder by Matiere Premiere / Animalique by Byredo / Écrin de Fumée by Serge Lutens / Chypre Palatin by MDCI / Musc Ravageur by Frederic Malle / Ambre Des Abysses by Houbigant / Vanille Antique by Byredo / Golden Chypre, Shem-el-Nessim, and Hasu-no-Hana by Grossmith / Flaming Creature by Marissa Zappas / Burrow and Sex & Jasmine by Libertine Fragrance / Gloam by Aesop / Neroli Oranger by Matiere Premiere / Glass Blooms by Régime des Fleurs / Rauque by Roberto Greco / Opium by Yves Saint Laurent / Durban Jane by Maison d'Etto / Gris Charnel by BDK Parfums / Ethereal Wave by Liis / Indigo Smoke by Arquiste / Gelsomino by Santa Maria Novella / Milky Dragon by Isabelle Larignon / Babylon, Cairo, and Eau the Audacity by Penhaligon's / Babycat by Yves Saint Laurent / Fils de Joie by Serge Lutens / Bianco Latte by Giardini Di ToscanaThe Game:Ambre Destan by Anka Kuş / Cavatina by Dusita / Bangla Yasaman by Isabelle Larignon / Vra Vra Vroom by Penhaligon's / Dirty Flower Factory by Kerosene / Jeux de Peau by Serge LutensPlease feel free to email us at hello@fragraphilia.com - Send us questions, comments, or recommendations. We can be found on TikTok and Instagram @fragraphilia
Today on the show, we're talking about Oval, a new DeFi primitive that Hart Lambur from UMA is introducing to the world of DeFi's biggest lending markets. Billions of dollars have been liquidated from protocols like Aave, Compound, and MakerDAO over the years, and these liquidations have been extremely inefficiently priced, due to reasons! Reasons that we will discuss here on the show today. Hasu also joins us on this conversation today to discuss the way that MEV share from Flashbots is a part of this conversation, and he helps illuminate what this means for DeFi going forward as a whole. ------ ⛓️ Visit dydx.exchange to learn about dYdX Chain https://dydx.zone/3SfJTP7 ------
Mitä jos kiinnostaa kaikki? Onko luovissa töissä parempi keskittyä yhteen vai mennä kiinnostuksen mukaan? Vieraana kirjailija Johanna Hasu.
Hasu and Jon catchup on what's new in the EVM (Ethereum Virtual Machine) and SVM (Solana Virtual Machine) worlds. For the EVM, Ethereum has pushed vertical scaling efforts to other chains. This includes Monad, who is building a new EVM L1 with fundamental optimizations to improve scalability. For the SVM, the Solana ecosystem continues to gain momentum across the board. Meanwhile, Eclipse is gearing up to launch their SVM Ethereum L2. __ Timestamps: (00:00) Intro (00:25) Catch up (00:56) VM Performance Improvements (02:32) Solana & Eclipse (04:26) DA vs Execution Bottlenecks (05:53) Rollups & Parallel Execution (07:10) Breakpoint (08:29) Solana & Eclipse – Competitive or Complementary? (12:48) Ethereum & Solana Funds (13:33) DBA Research Club (15:01) What is a VM? (16:33) Optimistic Parallel Execution vs. Access Lists (23:45) Solana Resource Pricing (25:03) Local Fee Markets (30:48) Liveness Failures (31:58) A Bottleneck vs. *The* Bottleneck (35:39) State Growth (41:29) Weak Statelessness (45:33) State Expiry & State Rent (51:10) Solana Un-merklizes State (51:55) Client Level Optimizations (53:45) Optimizations for New vs. Old Chains (57:17) Will Everyone Converge? (01:00:36) Outro __ Hasu - https://twitter.com/hasufl Jon Charbonneau - https://twitter.com/jon_charb Uncommon Core 2.0 - https://twitter.com/UCC2_xyz Ethereum - https://twitter.com/ethereum Solana - https://twitter.com/solana Eclipse - https://twitter.com/EclipseFND Monad - https://twitter.com/monad_xyz __ Disclaimer: The material and information presented in this podcast is for general informational purposes only and should not be considered investment advice. The views, thoughts, and opinions expressed in this podcast are solely those of the speakers and are not the views of any entity or other person with whom the speaker is affiliated, including, without limitation, DBA Crypto, LLC. The “DBA Crypto” name and all forms thereof are the sole property of its owner, and its use does not imply endorsement of or opposition to any specific organization, product, or service.
Danny Ryan is a coordinator at the Ethereum Foundation. He's been on Bankless many times before. Usually, we're talking about the Ethereum roadmap and what's coming next. This time we're talking about something different…a risk to Ethereum that Danny sees. A little over a year ago, Danny wrote a blog post titled “The Risk of LSDs”... discussing the various risk vectors that a dominant LSD presents to Ethereum…even naming Lido specifically in the process. ------ ✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-danny-ryan ------ A lot of people have decided that liquid staking with Lido is the place to do it. At the time of recording Lido has over 30% of all staked Ether. Does this present a systemic risk to Ethereum? We did an episode called, “In Defense of Lido” with researcher Hasu who argued that Lido does not pose a systemic risk to Ethereum. In fact, Lido's dominance is better than many other alternatives. We left that conversation half-finished when we published it in August 2023. In today's episode, we cover part two of that debate with Ethereum researcher and guest Danny Ryan who argues the opposite. Lido is a systemic risk to Ethereum and what to do about it. We believe our role as podcasters for issues like this is to voice both sides of the argument in long-form conversations and healthy debate. It is exactly the kind of thing you don't get on Twitter. That's why we've given voice to both sides of this issue. We think there are good actors who care about this ecosystem at Lido and in the broader Ethereum community and we're sure this episode won't be the last word on this subject. -----
Keone Hon is the founder and CEO of Monad Labs — the development team behind a new Layer-1 blockchain that aims to bring pipelined execution to the Ethereum Virtual Machine. In this episode, Keone shares how his background at various HFT firms led him to identify problems with existing blockchain infrastructure and ultimately inspired him to rebuild the EVM entirely to optimize it for high-performance trading activity. Monad has raised $19 million from investors including Dragonfly Capital, Naval Ravikant, Cobie, Hasu and others. OUTLINE: 03:33 - Monad Overview 05:17 - Another Layer-1? 06:26 - ‘Pipelining' 08:32 - Web3 Social 11:38 - Bridges to Monad 12:11 - High Performance DeFi 13:34 - DeFi Summer 2.0? 16:01 - Monad's Funding 16:49 - Onchain HFT 19:05 - The Future of Trading 22:55 - Onchain Sports Betting 23:19 - Surviving Crypto Winter 28:30 - Closing Thoughts
Eager for more tools and resources to help you find your fierce? Now you can access additional content across the four content pillars using the Fierce Lab app. Premium subscribers get access to articles, guides, checklists, video content, and workshops, as well as exclusive events for members only. Become a member here. In this episode we hear from Cynt Marshall and how she advocates for creating an inclusive space where every voice matters. Her goal is to establish an environment where every voice is not only heard but also respected, allowing women to thrive. Cynt firmly believe that women are natural leaders, regardless of their official titles, and that their contribution is vital to the success of any organization. Encouraging women to support one another, Cynt shares how she promotes the practice of "HASU," meaning "hook a sister up," and emphasizes the importance of solidarity. In this lively conversation Tara talks with her about how to avoid undermining each other and acknowledge there is ample room for all at the table, rejecting the notion that only one can succeed. Cynt's vision is to foster an environment where women can flourish and rely on each other. In her book, You've Been Chosen, Cynt details how she managed her personal and professional life while facing limited capacity during chemotherapy. Out of her illness came one of her greatest lessons and she shares, both in the book and on this episode, how valuable it is to know the difference between your crystal balls and your rubber balls. Her circumstance compelled her to prioritize her activities and reevaluate her commitments. Thus, letting small balls drop. Those are your rubber balls, says Cynt. Those bounce back. Cynt Marshall is one of the most dynamic leaders in America. She's a friend to all and has never met a stranger. She always has a kind word, and many times the last word, for those lucky enough to be in orbit. This hour-long conversation touches on leadership, family, faith and the future of women in business. Tune in to the very end for a lighting round of questions with the woman we all want to grow up to be, Cynt Marshall. FOLLOW FIERCE LAB Follow Fierce Lab on Instagram or LinkedIn for the latest updates. Please be sure to SUBSCRIBE, REVIEW, and SHARE Fierce Lab with women who are looking for community and tools for leveling up.
Eager for more tools and resources to help you find your fierce? Now you can access additional content across the four content pillars using the Fierce Lab app. Premium subscribers get access to articles, guides, checklists, video content, and workshops, as well as exclusive events for members only. Become a member here. In this episode we hear from Cynt Marshall and how she advocates for creating an inclusive space where every voice matters. Her goal is to establish an environment where every voice is not only heard but also respected, allowing women to thrive. Cynt firmly believe that women are natural leaders, regardless of their official titles, and that their contribution is vital to the success of any organization. Encouraging women to support one another, Cynt shares how she promotes the practice of "HASU," meaning "hook a sister up," and emphasizes the importance of solidarity. In this lively conversation Tara talks with her about how to avoid undermining each other and acknowledge there is ample room for all at the table, rejecting the notion that only one can succeed. Cynt's vision is to foster an environment where women can flourish and rely on each other. In her book, You've Been Chosen, Cynt details how she managed her personal and professional life while facing limited capacity during chemotherapy. Out of her illness came one of her greatest lessons and she shares, both in the book and on this episode, how valuable it is to know the difference between your crystal balls and your rubber balls. Her circumstance compelled her to prioritize her activities and reevaluate her commitments. Thus, letting small balls drop. Those are your rubber balls, says Cynt. Those bounce back. Cynt Marshall is one of the most dynamic leaders in America. She's a friend to all and has never met a stranger. She always has a kind word, and many times the last word, for those lucky enough to be in orbit. This hour-long conversation touches on leadership, family, faith and the future of women in business. Tune in to the very end for a lighting round of questions with the woman we all want to grow up to be, Cynt Marshall. FOLLOW FIERCE LAB Follow Fierce Lab on Instagram or LinkedIn for the latest updates. Please be sure to SUBSCRIBE, REVIEW, and SHARE Fierce Lab with women who are looking for community and tools for leveling up.
A daily update on what's happening in the Rocket Pool community on Discord, Twitter, Reddit, and the DAO forum. Today's episode covers: NodeSet taking signups and info, ETH spot ETF submissions, and heated debate in the DAO forum. 0:00 - Welcome 0:29 - NodeSet taking signups https://discord.com/channels/968587363536220252/968608014116466698/1148698274556031038 https://discord.com/channels/405159462932971535/1138704692772356097/1148785463512023060 https://discord.com/channels/405159462932971535/1138704692772356097/1148785463512023060 https://discord.com/channels/405159462932971535/405163713063288832/1148810907607117884 12:15 - Eth spot EFT applications filed https://twitter.com/EricBalchunas/status/1699480838868517273 https://twitter.com/JSeyff/status/1699529518220705838?s=20 17:06 - effective RPL for votes discussion https://discord.com/channels/405159462932971535/405163979141545995/1149225874894360646 23:10 - Marko exiting some validators https://discord.com/channels/405159462932971535/894377118828486666/1149298080638828604 24:34 - Hasu on Twitter space https://twitter.com/rocket_pool/status/1698978065185914932 26:51 - rETH back to a small discount https://discord.com/channels/405159462932971535/894377118828486666/1149042058523324416 https://discord.com/channels/405159462932971535/405163713063288832/1149177667489366066 https://discord.com/channels/405159462932971535/405163713063288832/1149255836477161502 31:38 - Leverage with DefiSaver https://twitter.com/DeFiSaver/status/1699022847228686613 https://ethsaver.com/ 34:30 - New Geth database system coming soon https://nodereal.io/blog/en/geth-path-based-storage-model-and-newly-inline-state-prune/ 35:44 - RP in article about ethereum staking https://www.coindesk.com/consensus-magazine/2023/09/05/explaining-ethereums-risk-free-rate-of-return/ 36:23 - Eth Staking Guide https://x.com/ethstakingguidehttps://medium.com/coinmonks/why-rocket-pool-for-ethereum-stakers-or-node-validators-7788a58a8725 38:20 - POAP.global https://twitter.com/waqwaqattack/status/1699105894489821394 39:48 - Why Lido is a threat https://twitter.com/ryanberckmans/status/1697641418968166483
Hasu and Jon bring on Mike Neuder (Ethereum Foundation) and Chris Hager (Flashbots) to discuss the design philosophy of proposer-builder separation (PBS). They first dive into the past and present implementations of PBS, including MEV-Geth and MEV-Boost on Ethereum. Then they discuss the future of PBS - whether PBS should be enshrined, protocol-enforced proposer commitments (PEPC), PBS on L2s, how to prevent censorship, and more. __ Timestamps: (00:00) Intro (01:12) What is PBS? (05:37) The History of PBS (08:43) MEV-Boost (10:18) Block Production in Proof-of-Work (11:31) Benefits of PBS (14:17) PBS Makes Based Rollups Viable (16:21) PEPC & Proposer Complexity (17:46) Other Builder Services (19:49) PBS & Regulation (22:48) Regulation & Encrypted Mempools (24:38) Division of Labor is Inevitable (26:15) Risks of PBS (29:03) Development of COre Protocol Software (33:31) PEPC, POB, & Alternatives to PBS (41:53) Decentralization vs. Usefulness Tradeoff (46:30) State of PBS in MEV-Boost (50:51) Optimistic Relays (52:09) Enshrined PBS (ePBS) (55:55) PBS on L2 (58:47) PEPC (01:05:25) Proposer Commitments & User Intents (01:09:03) Concluding Remarks (01:11:05) Recap (01:12:06) PEPC, PEPC-Boost, & MEV-Boost+ (01:18:44) PBS From First Principles (01:21:41) PBS is a Philosophy, Not an Implementation (01:25:44) To Enshrine, Or Not to Enshrine? (01:35:12) In-protocol vs. Out-of-protocol Development & Funding (01:50:16) Censorship & Proposer Agency (01:58:15) Outro & Disclaimer __ Hasu - https://twitter.com/hasufl Jon Charbonneau - https://twitter.com/jon_charb Uncommon Core 2.0 - https://twitter.com/UCC2_xyz Mike Neuder - https://twitter.com/mikeneuder Chris Hager - https://twitter.com/metachris __ Relays in a post-ePBS world - https://ethresear.ch/t/relays-in-a-post-epbs-world/16278 No free lunch – a new inclusion list design - https://ethresear.ch/t/no-free-lunch-a-new-inclusion-list-design/16389 Payload-timeliness committee (PTC) – an ePBS design - https://ethresear.ch/t/payload-timeliness-committee-ptc-an-epbs-design/16054 Notes on Proposer-Builder Separation (PBS) - https://barnabe.substack.com/p/pbs PEPC FAQ - https://efdn.notion.site/PEPC-FAQ-0787ba2f77e14efba771ff2d903d67e4#41230925420345af84f31b50d806b8ed PEPC Open Problems - https://docs.google.com/presentation/d/12kpwAXbZqUA0fu2HnZKSesVwO31ICbgIiacHd0EQ_fk/edit#slide=id.g2401d3821ec_1_0 PBS Guild Proposal [v3 WIP] - https://collective.flashbots.net/t/pbs-guild-proposal-v3-wip/2223 MEV-Boost+/++ - https://www.blog.eigenlayer.xyz/censorship-resistance-with-restaking/ __ Disclaimer: The material and information presented in this podcast is for general informational purposes only and should not be considered investment advice. The views, thoughts, and opinions expressed in this podcast are solely those of the speakers and are not the views of any entity or other person with whom the speaker is affiliated, including, without limitation, DBA Crypto, LLC. The “DBA Crypto” name and all forms thereof are the sole property of its owner, and its use does not imply endorsement of or opposition to any specific organization, product, or service.
A daily update on what's happening in the Rocket Pool community on Discord, Twitter, Reddit, and the DAO forum. Today's episode covers: coinbase invest in RPL, RP team attending conferences, and Val updates his proposal. 0:00 - Welcome 0:23 - Coinbase ventures buy RPL https://twitter.com/cbventures/status/1689639108837249024? 4:38 - Rocket Pool sponsoring Ethereal Singapore 2023 https://discord.com/channels/405159462932971535/405163713063288832/1139136571761762418 https://twitter.com/ethereum_sg/status/1689552043160240128 https://discord.com/channels/405159462932971535/405163713063288832/1139159929278705757 6:37 - New moderation policies in discord https://discord.com/channels/405159462932971535/405163979141545995/1139133161469640744 8:40 - Indexcoop buys a lot of RPL https://discord.com/channels/405159462932971535/405163713063288832/1138994105242890261 11:32 - Val updates his proposal https://discord.com/channels/405159462932971535/1129516706323234916/1138467087786971166 14:19 - New Smartnode stack 1.10.1 https://discord.com/channels/405159462932971535/405163713063288832/1139049378351431721 https://discord.com/channels/405159462932971535/918351974406172723/1139072227845881929 https://discord.com/channels/405159462932971535/405163713063288832/1139148462185775124 17:20 - Hasu comes into Trading https://discord.com/channels/405159462932971535/405163713063288832/1138833747572162620 https://discord.com/channels/405159462932971535/405163713063288832/1138849045138387027 20:39 - RocketScan Pilot in development https://discord.com/channels/405159462932971535/1137139246940041216/1138847143508054026 https://discord.com/channels/405159462932971535/405163713063288832/1138892931370066041 23:27 - Teams looking for partnerships with RP https://discord.com/channels/405159462932971535/704196071881965589/1139085681688330370 https://discord.com/channels/405159462932971535/704196071881965589/1139149539828306042 24:$2 - Elpresidank comments on his buys https://discord.com/channels/405159462932971535/405163713063288832/1138989714263785472 25:35 - “Staker” got burned https://discord.com/channels/405159462932971535/468923220607762485/1139156575538384966 27:28 - Diva talk https://discord.com/channels/405159462932971535/405163713063288832/1139124571660877864 https://divastaking.medium.com/a-house-of-divas-e553dad77dda 28:55 - Dybsy and Bri are getting married tomorrow! https://discord.com/channels/405159462932971535/405163713063288832/1139191278349865002
Lido has over 30% ETH staked. Should we be alarmed? Joining us is Hasu to shed some light on this question. In this wide ranging interview we discuss the State of Staking, the state of Lido, Idealist vs Pragmatics and asking the question - is Lido's reputation unfair? -----
Uncommon Core - one of my favorite podcasts of all time - is back! This reboot is hosted by Hasu and Jon Charbonneau, two of the brightest minds in crypto. We are dropping their first episode here to share the news and because you'll want to add this show to your podcast lineup! __ In this episode, we explore Jon's journey into crypto and our mutual passion for research and the writing process. We then give an overview of the key areas of crypto infrastructure today. Finally, we zoom into rollup decentralization roadmaps, and Jon shares a controversial new thesis about sequencer decentralization. __ Timestamps: (00:00) Intro (02:42) Interview start (03:44) Jon's work week (08:04) ChatGPT & writing (10:57) Jon's start in crypto (14:45) How to pick things to work on (17:08) Outsider's perspective on crypto (19:05) Jon's research process (22:00) Jon's proudest moment in crypto (23:06) Crypto Infrastructure overview (29:58) Why crypto infrastructure is interesting (35:57) Rollup decentralization overview (42:44) Challenges decentralizing the sequencer (47:46) Ethereum vs Cosmos approach to governance & decentralization (53:35) User ability to opt out (56:37) Staking vs. governance deciding sequencers (01:08:31) L3s (01:13:34) Superchain (01:16:38) Summary of rollup decentralization (01:21:08) Outro __ Hasu - https://twitter.com/hasufl Jon Charbonneau - https://twitter.com/jon_charb UCC2 - https://twitter.com/UCC2_xyz Website - https://ucc2.xyz __ Disclaimer: The material and information presented in this podcast is for general informational purposes only and should not be considered investment advice. The views, thoughts, and opinions expressed in this podcast are solely those of the speakers and are not the views of any entity or other person with whom the speaker is affiliated, including, without limitation, DBA Crypto, LLC. The “DBA Crypto” name and all forms thereof are the sole property of its owner, and its use does not imply endorsement of or opposition to any specific organization, product, or service.
Uncommon Core - one of my favorite podcasts of all time - is back! This reboot is hosted by Hasu and Jon Charbonneau, two of the brightest minds in crypto. We are dropping their first episode here to share the news and because you'll want to add this show to your podcast lineup! __ In this episode, we explore Jon's journey into crypto and our mutual passion for research and the writing process. We then give an overview of the key areas of crypto infrastructure today. Finally, we zoom into rollup decentralization roadmaps, and Jon shares a controversial new thesis about sequencer decentralization. __ Timestamps: (00:00) Intro (02:42) Interview start (03:44) Jon's work week (08:04) ChatGPT & writing (10:57) Jon's start in crypto (14:45) How to pick things to work on (17:08) Outsider's perspective on crypto (19:05) Jon's research process (22:00) Jon's proudest moment in crypto (23:06) Crypto Infrastructure overview (29:58) Why crypto infrastructure is interesting (35:57) Rollup decentralization overview (42:44) Challenges decentralizing the sequencer (47:46) Ethereum vs Cosmos approach to governance & decentralization (53:35) User ability to opt out (56:37) Staking vs. governance deciding sequencers (01:08:31) L3s (01:13:34) Superchain (01:16:38) Summary of rollup decentralization (01:21:08) Outro __ Hasu - https://twitter.com/hasufl Jon Charbonneau - https://twitter.com/jon_charb UCC2 - https://twitter.com/UCC2_xyz Website - https://ucc2.xyz __ Disclaimer: The material and information presented in this podcast is for general informational purposes only and should not be considered investment advice. The views, thoughts, and opinions expressed in this podcast are solely those of the speakers and are not the views of any entity or other person with whom the speaker is affiliated, including, without limitation, DBA Crypto, LLC. The “DBA Crypto” name and all forms thereof are the sole property of its owner, and its use does not imply endorsement of or opposition to any specific organization, product, or service.
Escucha el Podcast de OmarCrew Investigador Paranormal y UFO Mexicano. Relatos, Conspiraciones, Proyectos Secretos, Datos Perturbadores, Experiencias y las Historias más Terroríficas encontrarás aquí.
Following Tech Bites tradition, the last show of the year is a look forward into the next year. What's the trend we're predicting for 2023? Food tech for mindfulness. On this episode, Tech Bites host Jennifer Leuzzi talks with Bryan Litman, co-founder of Hasu Flower, a 3D-printed micro-meditation tablet that engages your senses to “pause, smell and (mouth) feel.” During the pandemic he developed Hasu, a dissolvable meditation tablet to center your mind and cultivate a moment of mindfulness.Heritage Radio Network is a listener supported nonprofit podcast network. Support Tech Bites by becoming a member!Tech Bites is Powered by Simplecast.
LATE NIGHT PODCAST OD 22:00Mercedes ponovo u igri. Hasu pol-pozicija. Drama u Red Bull-u - sportisti i(li) džentlmeni. Max i Lewis ponovo zajedno, kao i Ocon i Alonso, Stroll i Vettel…Postanite član clan Kluba prijatelja UNICEFa https://donacije.unicef.rs/kampanja/klub-prijatelja-unicefaDomaćini: Srđan Erceg i Pavle Živković#lap76#infinitylighthouse#f1 PRODAVNICA️Svi koji žele da obogate svoju biblioteku prelepim delima o Formuli 1 i MotoGP-u ili se obuku u naše, zajedničke, boje, tu je naša zvanična prodavnica knjiga, majica i kačketa.️https://shop.infinitylighthouse.com https://shop.infinitylighthouse.com/majice.htmlhttps://shop.infinitylighthouse.com/knjige.htmlhttps://shop.infinitylighthouse.com/kacketi.htmlPATREON I YOUTUBE MEMBERSHIP ️Podrška na Patreonu i YouTube-u nam veoma znači i pre svega hvala svim našim pokroviteljima, a ukoliko ste u mogućnosti i vi da nas podržite, pomoćićete nam da dalje napredujemo i razvija se naša, nadamo se zajednička, priča.Patreon: https://www.patreon.com/infinitylighthouse YT: https://www.youtube.com/channel/UCQ2D37u3DU1XGxxriq5779Q/joinNAŠE DRUŠTVENE MREŽE Instagram - https://instagram.com/infinitylighthouse Facebook - https://facebook.com/theinfinitylighthouseTwitter - https://twitter.com/infinitylighthsFANTASY LIGEFormula 1 Kod za Fantasy ligu je 7e3b2bc89eSPORTSKE VESTIhttps://sportsmagazin.rs=======HUMANITARNI KUTAK======Pomozimo Branku!Slanjem SMS poruke: Upišimo 917 i pošaljimo SMS na 3030Slanjem SMS poruke iz Švajcarske: Upišimo human917 i pošaljimo SMS na 455Uplatom na dinarski račun: 160-6000000795270-51Uplatom na devizni račun: 160600000079558770IBAN: RS35160600000079558770SWIFT/BIC: DBDBRSBGUplatom platnim karticama putem linka: E-doniraj (https://www.budihuman.rs/edonate/sr?user_id=917)Uplatom sa vašeg PayPal naloga putem linka: PayPal (https://www.budihuman.rs/paypal/sr/donate?user_id=917)Datum: 15. novembar 2022.Lokacija: Studio na kraju UniverzumaProdukcija: Infinity Lighthouse https://www.youtube.com/infinitylighthouseWebsite: https://infinitylighthouse.com/Zabranjeno je svako kopiranje i neovlašćeno preuzimanje video i/ili audio snimaka i postavljanje na druge kanale! Nije dozvoljeno koristiti materijal sa ovog kanala, bilo u celosti ili iz segmenata, bez licenciranja / plaćanja kako za komercijalnu, tako i za nekomercijalnu upotrebu.Svaka upotreba bez licenciranja za komercijalnu ili nekomercijalnu / privatnu upotrebu biće procesuirana. Za sve informacije o pravima, za upite o licenciranju i dobijanju dozvole za korišćenje možete nas kontaktirati putem naše zvanične email adrese.Copying, re-uploading and illegally distributing this copyrighted work is strictly prohibited! Label and copyright: Infinity Lighthouse ★ Support this podcast on Patreon ★
► Why your CRM is so important for B2B marketing Aamer Hasu Head of Marketing @ Vainu ✔ Why you should be data-driven!
In this episode, we chat with Hasu and Sam Kozin (Lido) about Lido governance and the LDO stETH Dual Governance proposal. Due to Lido's key role in Ethereum, a major goal is to make the protocol more resilient from both a technical and governance perspective. We go through some of these governance initiatives, and discuss the LDO + stETH dual governance proposal, which better aligns incentives between the DAO and stakers. We also cover Lido's future roadmap and the other ways Lido will evolve. --- LDO + stETH Dual Governance
Welcome to The Chopping Block! Crypto insiders Haseeb Qureshi, Tom Schmidt, and Robert Leshner chop it up about the latest news in the digital asset industry. In this episode, Hasu, the gourmand of governance and Rune Christensen, chief mischief maker at MKR, discuss how to manage a DAO, their respective visions for MakerDAO, and much more. Show topics: What MakerDAO is, how DAI works and whether it is the “central bank” of DeFi How the visions for MakerDAO of Hasu and Rune differ Whether Maker should only hold highly liquid collateral assets Hasu's mental model of DAI as eurodollars The role of real-world assets in backing DAI What the purpose of a DAO is and how it differs from a legal entity Whether people behave in their purest form within a DAO How DAI can create positive externalities and make a better world How crypto holders are not only in it for the money but also the for philosophy What the “decentralized stablecoin trilemma” is Whether there's a need for dollar-denominated collateral for DAI to work What “clean money” is according to Rune Why Rune thinks having a single council is not viable due to the political risks and whether the solution is to have multiple councils How to keep the principal-agent problem in check, according to Hasu Why Hasu believes council members wouldn't pursue their own interests and go against the benefit of MKR token holders Whether a council would be corruptible and the dangers that it entails What kind of interests should be represented in the council Whether Maker can create more synthetic assets The iron law bureaucracy and how it relates to governance How to design the DAO to be steered in alignment with the token holders Whether ossification is a feature to be pursued, and where innovation happens How complexity is very expensive for an organization Hosts Haseeb Qureshi, managing partner at Dragonfly Capital https://twitter.com/hosseeb Tom Schmidt, general partner at Dragonfly Capital https://twitter.com/tomhschmidt Robert Leshner, founder of Compound https://twitter.com/rleshner Hasu Twitter: https://twitter.com/hasufl Rune Christensen Twitter: https://twitter.com/RuneKek Episode Links MakerDAO Hasu's governance proposal: https://vote.makerdao.com/address/0xafaff1a605c373b43727136c995d21a7fcd08989#delegate-credentials Rune's proposal - the endgame: https://forum.makerdao.com/t/the-endgame-plan-parts-1-2/15456 Proposal to add a lending oversight core unit: https://forum.makerdao.com/t/mip39c2-sp33-adding-lending-oversight-core-unit-love-001/15098 Previous Coverage of Unchained: Rune Christensen of MakerDAO Part 1: How to Keep a Crypto-Collateralized Stablecoin Afloat: https://unchainedpodcast.com/rune-christensen-of-makerdao-part-1-how-to-keep-a-crypto-collateralized-stablecoin-afloat/ Rune Christensen of MakerDAO Part 2: How Dai Stayed at $1 While ETH Crashed From $1,400 to $85: https://unchainedpodcast.com/rune-christensen-of-makerdao-part-2-how-dai-stayed-at-1-while-eth-crashed-from-1400-to-85/ The Rise of MakerDAO: A Personal Journey: https://unchainedpodcast.com/the-rise-of-makerdao-a-personal-journey/ Real World Assets: Huntingdon Valley Bank (“HVB”) proposal: https://forum.makerdao.com/t/huntingdon-valley-bank-hvb-rwa-collateral-onboarding-risk-assessment/15828 $500 million allocation proposal: https://forum.makerdao.com/t/signal-request-asset-allocation-of-mip65-clydesdale/15922 The stablecoin trilemma: https://fluid.ch/stablecoin-trilemma/#:~:text=A%20deeper%20dive%20into%20the,decide%20on%20the%20stablecoin%20supply.
✨ DEBRIEF ✨ | Ryan & David's Unfiltered Thoughts on the Episode: https://shows.banklesshq.com/p/debrief-how-to-fix-defi-tokens This is Hasu's 5th appearance on Bankless and this might be his best one yet. If you're unfamiliar, Hasu is a crypto-economic researcher at Paradigm, strategist at Flashbots solving MEV, host of Uncommon Core, and more recently, a Governor delegate for MakerDAO and overall DAO governance thinker. In this episode, we're going to reorg your brain about what it means to be a DAO. Hear what's broken about DAOs, the potential solutions, what regulation could do to help, and so much more. ------
Ryan Berckmans, Ethereum investor and community member, and Alexandre Bergeron, Bitcoin investor, discuss Lido's dominance as a liquid staking provider, whether that issue can be resolved, and how it could be a centralizing force for Ethereum. Show highlights: what stETH is, what the uses cases are for stETH, and why it is important how Lido had a first-mover advantage and how that kicked off network effects whether the liquid staking derivatives system is one of a “winner-take-all” how much of the staked ETH will be turned into a liquid staking derivative how Lido might have a huge MEV opportunity after the Merge what the proposer-builder separation is whether Lido's dominance will increase over time whether other competitors have been competitive with Lido why Lido is a natural monopoly because of the incentives and MEV opportunities what the implication of Lido's monopoly is for Ethereum's censorship resistance whether Lido is effectively a single entity despite having multiple node operators whether there could be a long waiting period for becoming a validator after the Merge how Lido is moving its staking derivatives to other chains how Lido's new dual-governance proposal works, why it might be useful to decentralize Lido and whether it reduces the power of LDO token holders how Lido's centralization is the biggest threat to Ethereum in the long term and what are the possible solutions why Ryan believes the value of ETH comes from its credible neutrality and whether Lido's centralization may jeopardize that whether finding solutions around MEV opportunities is a good way to reduce Lido's monopoly whether Lido's competitors could form an alliance and build a tokenized basket of their staking derivatives to compete with Lido whether Lido could airdrop the LDO token to all ETH holders to decentralize its governance token Thank you to our sponsors! Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021 Ava Labs: https://www.avax.network/ Oasis: https://oasisprotocol.org/grant-programs?utm_source=unchained&utm_medium=partnership&utm_campaign=podcast-oasis-grants-program Alex: Twitter: https://twitter.com/bergealex4 Ryan: Twitter: https://twitter.com/ryanberckmans stETH Lido's explanation of what stETH is: https://twitter.com/LidoFinance/status/1535184472546889735?s=20&t=oQeB1uj7HG7Y4he-0gbcLg Previous Unchained Coverage: In the Recent Crypto Market Meltdown, What Role Did Lido's stETH Play?: https://unchainedpodcast.com/in-the-recent-crypto-market-meltdown-what-role-did-lidos-steth-play-ep-370/ Lido's Centralization: Alex's thread on why ETH is broken: https://twitter.com/bergealex4/status/1410761639226318852?s=20&t=JLyNokP7Kxj7tIiDzHIHTQ Ryan on a liquid staking monopoly: https://twitter.com/ryanberckmans/status/1521179049548300291?s=20&t=JLyNokP7Kxj7tIiDzHIHTQ Ryan's proposed solutions: https://twitter.com/ryanberckmans/status/1531731955011579904?s=20&t=JLyNokP7Kxj7tIiDzHIHTQ Is Lido making Ethereum less decentralized?: https://cryptobriefing.com/is-lido-making-ethereum-less-decentralized/ LDO token analysis: https://medium.com/general_knowledge/lido-finance-liquid-ethereum-staking-ldo-potential-f5dc3553b8d2 Ethereum researcher Danny Ryan's take: https://twitter.com/dannyryan/status/1524044527828303872?s=20&t=H4UNoLn7sKQyZx5ll3-Ncw Ryan's take on Lido's self-limit: https://research.lido.fi/t/should-lido-on-ethereum-be-limited-to-some-fixed-of-stake/2225/9?u=ryanberckmans Lido's Governance Proposals Lido + stETH dual governance: https://research.lido.fi/t/ldo-steth-dual-governance/2382 Hasu on Lido's dual governance proposal: https://twitter.com/hasufl/status/1540652075352313857?s=20&t=sJU5C5xo5litEJrZZDaWNQ Lido's two-phase voting scheme: https://blog.lido.fi/moving-to-two-phase-voting/ MEV Ryan on post-merge MEV: https://twitter.com/ryanberckmans/status/1453597003397611526?s=20&t=JLyNokP7Kxj7tIiDzHIHTQ Alex on proposer-builder separation: https://twitter.com/bergealex4/status/1540934540901744640?s=20&t=JLyNokP7Kxj7tIiDzHIHTQ Haseeb on post-merge MEV: https://twitter.com/hosseeb/status/1464003851942391834?s=20&t=JLyNokP7Kxj7tIiDzHIHTQ
In this episode, we catch up with MonetSupply about MakerDAO. As one of the first DeFi protocols, MakerDAO is a great case study on progressive decentralization, the working group model, and DAO governance broadly. We cover Maker's core unit model, its focus on real world assets, Rune's recent return and proposal, Hasu's proposal, as well as recent drama around the Lending Oversight Core Unit. Other topics covered in the latter half of the episode include Cosmos Governance, DAO tooling, governance frameworks, veToken models, and the Terra collapse. --- Rune: The Endgame Plan, Hasu: Simple MakerDAO - Governance from first principles, Proposal: Lending Oversight Core Unit (LOVE-001)
Hasu, strategic advisor to Lido, and Tarun Chitra, founder of Gauntlet, explain everything about staked ETH, aka stETH, how it should be priced, Lido's market dominance, and much more. Show highlights: the role of Lido, what stETH is, and what its benefits are whether Ethereum's lack of delegated proof of stake contributes to the need for stETH why stETH is not mispriced and why it doesn't necessarily have to be worth 1 ETH the inherent risks associated with stETH how there was not enough liquidity to handle all the liquidations, especially in automated vaults on, for instance, Instadapp how automated market makers work and what Curve's amplification factor is whether 3AC and Celsius had a significant impact on the stETH/ETH “de-peg” how does the Merge affect the liquidity of stETH Hasu's and Tarun's level of confidence that the Merge will happen this year and whether it will be a success what will happen to the price of stETH after the redemptions are enabled why Lido has achieved such a level of dominance how Lido decreases the cost of staking and helps improve the security of the Ethereum blockchain whether there is going to be a “winner take all” in the liquid staking derivatives market how liquidity fragmentation can cause the system to blow up why LDO tokenholders might not have the same incentives as ETH tokenholders what is Lido's new dual governance model and what is it trying to achieve whether Lido should self limit its market dominance how Lido coordinates validators and the role of the LDO token in this coordination what are the lessons to be learned from the stETH situation how governance is a liability to DeFi protocols Thank you to our sponsors! Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021 Ava Labs: https://www.avax.network/ Oasis: https://oasisprotocol.org/grant-programs?utm_source=unchained&utm_medium=partnership&utm_campaign=podcast-oasis-grants-program EPISODE LINKS Hasu: Twitter: https://twitter.com/hasufl Uncommon Core Podcast: http://uncommoncore.co/podcast/ Tarun: Twitter: https://twitter.com/tarunchitra stETH Lido's explanation: https://twitter.com/LidoFinance/status/1535184472546889735?s=20&t=oQeB1uj7HG7Y4he-0gbcLg Lido's explanation #2: https://twitter.com/LidoFinance/status/1536756933054676992?s=20&t=oQeB1uj7HG7Y4he-0gbcLg Hasu's thread #1: https://twitter.com/hasufl/status/1524717773959700481?s=20&t=oQeB1uj7HG7Y4he-0gbcLg Hasu's thread #2: https://twitter.com/hasufl/status/1525427069198508033?s=20&t=oQeB1uj7HG7Y4he-0gbcLg Tarun's take: https://twitter.com/tarunchitra/status/1538775828573609985?s=20&t=oQeB1uj7HG7Y4he-0gbcLg Tarun's paper: Why Stake when you can borrow: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3629988 Lido Self-limit?: https://twitter.com/LidoFinance/status/1540258690942615555?s=20&t=sJU5C5xo5litEJrZZDaWNQ Hasu on Lido's dual governance proposal: https://twitter.com/hasufl/status/1540652075352313857?s=20&t=sJU5C5xo5litEJrZZDaWNQ Lido's two phase voting scheme :https://blog.lido.fi/moving-to-two-phase-voting/ Previous Unchained Coverage on DAO governance: Solend and Bancor Drama: Did These DAOs Violate the Ethos of Crypto?: https://unchainedpodcast.com/solend-and-bancor-drama-did-these-daos-violate-the-ethos-of-crypto-ep-366/ Bear Market: Insolvency of crypto lenders: 3AC: https://blockworks.co/three-arrows-capital-brink-default-owes-voyager-657m/ Celsius: https://www.theblock.co/linked/151522/crypto-lending-firm-celsius-pauses-withdrawals-and-transfers-citing-market-conditions Celsius possible bankruptcy: https://www.theblock.co/linked/154100/crypto-lender-celsius-hires-more-advisors-ahead-of-possible-bankruptcy-wsj Previous Unchained Coverage: Why Possible Insolvencies by Celsius and 3AC Could Spell Disaster for Crypto: https://unchainedpodcast.com/why-possible-insolvencies-by-celsius-and-3ac-could-spell-disaster-for-crypto/ Cobie and Chris Burniske on How to Navigate a Crypto Bear Market: https://unchainedpodcast.com/cobie-and-chris-burniske-on-how-to-navigate-a-crypto-bear-market-ep-354/
In this episode, we catch up with Hasu about the current challenges of DAO governance and how it can be improved. Hasu is a prolific researcher, and is active in many protocols including MakerDAO, Lido, and Flashbots. We conduct a bird's eye retrospective of DAO governance, and discuss his takeaways as a leading delegate and participant. Specific themes we touch on include Treasury Management (again), MakerDAO's roadmap and structure, the capped stETH supply debate, and many more. --- Hasu - Lido, Hasu - MakerDAO
This week on The Defiant Podcast we speak with Hasu, strategic advisor at Lido, strategy lead at Flashbots, MakerDAO delegate, researcher at Paradigm and host of the Uncommon Core Podcast. That's a lot of titles and it goes to show just how deeply plugged into DeFi and crypto this anon researcher is. In this episode, we'll focus on Lido, as it's become a crucial piece of infrastructure for Ethereum. Thanking our podcast sponsors: dYdX has launched a Grants program with funding allocated to open-source builders. Come help build the future of decentralized trading at dydxgrants.com Nexo is a platform where you can swap 300+ market pairs and borrow against your crypto from 0% APR. Sign up to Nexo until June 30 & get a welcome bonus of up to $150 in BTC. Avalanche Subnets allow anyone build custom, app-specific blockchains - the future of Web3 scaling. APWine - get your future yield today, speculate on APY evolution or fix APY rates. Discover the latest yield tokenization trend in Web3 with 'APwine'
Listen to conversations between two veterans of the crypto industry: Su Zhu, CEO and CIO of Three Arrows Capital, and Hasu, Strategy lead at Flashbots. Exploring the big ideas in crypto from first principles. In this episode, Hasu continues the conversation with Danny Ryan and Tim Beiko, two researchers from the Ethereum Foundation. The three are joined by Stephane Gosselin, co-founder of Flashbots, who makes his podcast debut and stands in as Hasu's co-host. Together, they discuss: MEV before and after the Merge mev-boost and proposer-builder-separation (PBS) The rise of liquid staking pools Whether Lido should cap its own growth How the Ethereum Foundation sees its role in interacting with very "protocol-adjacent" projects like Flashbots + Lido SUBSCRIBE to the Podcast Apple Podcast https://podcasts.apple.com/us/podcast/uncommon-core/id1517659188?uo=4 Spotify https://open.spotify.com/show/3vuV292Him90EjQ5YL4XIw Youtube https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy8yNTc4ZDVhMC9wb2RjYXN0L3Jzcw== Other https://anchor.fm/uncommoncore FOLLOW your hosts Su Zhu https://twitter.com/zhusu Hasu https://twitter.com/hasufl Our homepage and mailing list https://uncommoncore.co/podcast/ Transcripts, if available https://uncommoncore.co/blog/
Listen to conversations between two veterans of the crypto industry: Su Zhu, CEO and CIO of Three Arrows Capital, and Hasu, Strategy lead at Flashbots. Exploring the big ideas in crypto from first principles. In this episode, Hasu sits down with two Ethereum Foundation researchers, Danny Ryan and Tim Beiko, to explore Ethereum's upcoming transition to PoS. Topics discussed include: Why do blockchains need consensus? How does PoW consensus work today, and how will it change after PoS? What happens between the last block of PoW and the first block of PoS? The role of client modularity and diversity How to test for such an important upgrade 00:00 Intro and guests 03:02 Proof of Stake since 2017 08:18 PoS - Idea to production 12:24 Why do Blockchains need consensus? PoW & PoS Basics 22:21 Why switch to PoS? 37:03 The Merge - How does it happen? 45:14 The Merge - Unbundling of the Consensus & Execution layer 1:01:45 How do you test for such an important upgrade? 1:09:55 End SUBSCRIBE to the Podcast Apple Podcast https://podcasts.apple.com/us/podcast/uncommon-core/id1517659188?uo=4 Spotify https://open.spotify.com/show/3vuV292Him90EjQ5YL4XIw Youtube https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy8yNTc4ZDVhMC9wb2RjYXN0L3Jzcw== Other https://anchor.fm/uncommoncore FOLLOW your hosts Su Zhu https://twitter.com/zhusu Hasu https://twitter.com/hasufl Our homepage and mailing list https://uncommoncore.co/podcast/ Transcripts, if available https://uncommoncore.co/blog/
Listen to conversations between two veterans of the crypto industry: Su Zhu, CEO and CIO of Three Arrows Capital, and Hasu, Strategy lead at Flashbots. Exploring the big ideas in crypto from first principles. In this episode: The state of our macroeconomy Destruction of the nation-state The rise of the Sovereign Individual How crypto fits into all of this SUBSCRIBE to the Podcast Apple Podcast https://podcasts.apple.com/us/podcast/uncommon-core/id1517659188?uo=4 Spotify https://open.spotify.com/show/3vuV292Him90EjQ5YL4XIw Youtube https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy8yNTc4ZDVhMC9wb2RjYXN0L3Jzcw== Other https://anchor.fm/uncommoncore FOLLOW your hosts Su Zhu https://twitter.com/zhusu Hasu https://twitter.com/hasufl Our homepage and mailing list https://uncommoncore.co/podcast/ Transcripts, if available https://uncommoncore.co/blog/
This week, Anna (https://twitter.com/AnnaRRose) & Tarun (https://twitter.com/tarunchitra) catch up with Georgios Konstantopoulos (https://twitter.com/gakonst) from Paradigm (https://twitter.com/paradigm) - a well-known OG crypto VC. They chat about his move to CTO at the firm, the team he has built and what they are working on. Then they dive into Foundry - a fast, portable, modular testing toolkit for Ethereum app dev written in Rust. They discuss the tooling landscape, why Foundry is making a bet on solidity, the different types of testing that developers are doing and other open questions in the field. Here are some links for the episode: * Foundry on Github (https://github.com/gakonst/foundry) * Ep.142 Hasu & Georgios on BTC Sec. & Elastic Block Size (https://zeroknowledge.fm/142-2/) * Learning Foundry (https://www.youtube.com/watch?v=Rp_V7bYiTCM) * Truffle Suite (https://trufflesuite.com/) * Hard Hat (https://hardhat.org/) * dAppTools (https://dapp.tools/) * Brownie (https://github.com/eth-brownie/brownie) * Vyper Lang (https://vyper.readthedocs.io/en/v0.1.0-beta.8/) * Arbitrum (https://offchainlabs.com/) Some of Georgios' collaborators mentioned: * @samczsun (https://twitter.com/samczsun) * @brockjelmore (https://twitter.com/brockjelmore) * @FrankieIsLost (https://twitter.com/FrankieIsLost) * @onbjerg (https://twitter.com/onbjerg) * @mattsse_ (https://twitter.com/mattsse_) On April 15th in Amsterdam, ZKValidator is hosting ‘Privacy in Cosmos' - the 4th installation in a series of events funded by the Cosmos Hub. Sign up: https://www.eventbrite.co.uk/e/privacy-in-cosmos-live-in-amsterdam-tickets-290329462237 (https://www.eventbrite.co.uk/e/privacy-in-cosmos-live-in-amsterdam-tickets-290329462237) zkSummit is back! Happening on April 21st in Amsterdam. Check out the program and details here: https://www.zksummit.com/ (https://www.zksummit.com/). We have a handful of sponsorships left! Get in touch to learn more: sponsorships@zeroknowledge.fm (mailto:sponsorships@zeroknowledge.fm) Today's episode is sponsored by Electric Coin Company (https://electriccoin.co/). Electric Coin Company, the inventors of Zcash, are building the next generation of zero-knowledge tech. With its Network Upgrade 5 happening this April, Zcash will move to the Halo zero-knowledge proving system, removing the trusted setup and becoming shielded by default. They believe privacy is essential to delivering on the promise of a thriving and equitable Web3. With Zcash and Halo cryptography, ECC aims to usher in an era of self-sovereignty, and economic and creative freedom. Visit electriccoin.co (https://electriccoin.co/) to learn more. If you like what we do: Subscribe to our podcast newsletter (https://zeroknowledge.substack.com) Follow us on Twitter @zeroknowledgefm (https://twitter.com/zeroknowledgefm) Join us on Telegram (https://t.me/+TORo7aknkYNLHmCM) Catch us on Youtube (https://www.youtube.com/channel/UCYWsYz5cKw4wZ9Mpe4kuM_g) Head to the ZK Community Forum (https://community.zeroknowledge.fm/) Support our Gitcoin Grant (https://gitcoin.co/grants/329/zero-knowledge-podcast-2)
Should businesses work to give back to the communities they serve? What is the relationship between philanthropy and influence? Hasu Shah has been recognized for his business accomplishments and his philanthropic endeavors. On this episode, Mr. Shah shares how he came to recognize philanthropy as a very important part of his business.See omnystudio.com/listener for privacy information.
In this episode of I Pledge Allegiance, host Derek Hsue chats about DeFi Treasuries with Hasu, MonetSupply, and Larry Sukernik. Treasuries are a hot topic in crypto right now; they represent huge, largely unused pools of capital that can be productively deployed. We explore helpful mental models for treasuries, what projects should and shouldn't be spending money on, and how projects should be positioning their treasuries going forward. Show notes and links included below. ---- A New Mental Model for DeFi Treasuries - Hasu, MonetSupply ---- Follow us on Twitter: @derek_hsue | @hasufl | @MonetSupply | @lsukernik ---- Show Notes: (0:1:00) - Hasu's motivation for writing this piece (0:1:55) - On the difference between on-chain treasuries and traditional companies (0:5:57) - Hasu on why projects should be more aggressively diversifying into stablecoins (0:9:18) - MonetSupply on why lending protocol treasuries are unique (0:15:00) - How projects should actually diversify (0:20:39) - Once diversified, how should projects be deploying their assets? (0:24:50) - Why VC-backed projects have a harder time deploying assets (0:28:57) - Highest marginal rate of return, applied to treasury spending (0:34:58) - On why Grants programs are a crucial starting point for all treasuries (0:41:10) - Capital as a weapon to acquire talent (0:45:43) - How compliance and regulations impacts project spending (0:50:00) - Hasu's practical playbook for projects on how to manage their treasury (0:56:44) - Why Yearn is a great case study for well-run treasury management (0:59:49) - Why "diversifying" into other coins is ineffective (1:04:30) - Hasu on why liquidity mining is very dumb (1:08:21) - Why hierarchical DAOs will win over flat ones (1:14:04) - How MakerDAO Core Units are structured (1:16:37) - The most important Sub-DAOs to setup and scale (1:20:52) - When Treasury Swaps do and don't make sense (1:24:49) - Exploring various treasury primitives (UMA Range Tokens and Ribbon Treasury)
This week, Anna (https://twitter.com/AnnaRRose) and James (https://twitter.com/_prestwich) chat with Joseph Delong (https://twitter.com/josephdelong), CTO of Sushi, who talks about everything that's happened since the initial SushiSwap genesis and the gradual transition into a large organization capable of shipping multiple products: MISO, Kashi, BentoBox and the upcoming Trident. Joseph then dives into a few of the recent events like the MISO vulnerability, the scrapped VC raise, the Optimism deployment and the relationship with Paradigm. Here are a few links for this episode: A Tale of Sushi(Swap) with Tarun, Hasu and Anna – Part1, Zero Knowledge Episode 148 (https://zeroknowledge.fm/148/) A Tale of SushiSwap, Part 2 on Uncommon Core (https://anchor.fm/uncommoncore/episodes/A-Tale-of-SushiSwap---Part-II-ek3o9d) Sushiswap Bonus Chat (https://zeroknowledge.fm/sushiswap-bonus-chat/) The Evolution of ETH 2.0 with Teku's Ben Edgington, Zero Knowledge Episode 187 (https://zeroknowledge.fm/187/) Be sure to register for the next ZK Jobs Fair on September 30 if you're looking for opportunities in crypto. It's a great way to hang out in a casual virtual setting, gather.town (which is surprisingly good for conversations!). For potential hiring teams, we still have booths available, so do get in touch by emailing sponsorships@zeroknowledge.fm You can also check out the new website in the meantime, and the updated jobs board here: https://zeroknowledge.fm Thanks to this week's sponsor, Centrifuge (https://centrifuge.io), a real-world DeFi project. Centrifuge puts real-world assets on the blockchain, allowing issuers to get liquidity on their assets and investors to make a safe, stable yield in the volatile crypto world. Build on Substrate, Centrifuge also bridges the Ethereum and Polkadot worlds They are currently hiring for a number of positions, including Senior Rust Engineer, Senior Fullstack Engineer, Security and DevOps engineer and General Counsel. Head to https://centrifuge.io/careers to learn more! Thanks again Centrifuge! If you like what we do: Subscribe to our podcast newsletter (https://zeroknowledge.substack.com/) to not miss any event! Follow us on Twitter - @zeroknowledgefm (https://twitter.com/zeroknowledgefm) Join us on Telegram (https://t.me/joinchat/TORo7aknkYNLHmCM) Catch us on Youtube (https://www.youtube.com/channel/UCYWsYz5cKw4wZ9Mpe4kuM_g) Read up on the r/ZKPodcast subreddit (https://www.reddit.com/r/zkpodcast) Give us feedback! -https://forms.gle/iKMSrVtcAn6BByH6A Support our Gitcoin Grant (https://gitcoin.co/grants/329/zero-knowledge-podcast-2) Support us on the ZKPatreon (https://www.patreon.com/zeroknowledge) Donate through coinbase.commerce (https://commerce.coinbase.com/checkout/f1e56274-c92b-4a99-802f-50727d651b38) Or directly here: ETH: 0xC0FFEE1B5083230a5154F55f253B6b6ae8F29B1a BTC: 1cafekGa3podM4fBxPSQc6RCEXQNTK8Zz ZEC: t1R2bujRF3Hzte9ALHpMJvY8t5kb9ut9SpQ DOT: 14zPzb7ihiBeaUn9jdPW9cHKGBd9qtTuJE75hhW2CvzLh6rT
Learn everything you need to know about the amazing lending protocol called Liquity. My guest Robert Lauko and his partners and team have creating a lending protocol that breaks all the rules and as we get to during the podcast, may have an even greater impact on all of DeFi and finance. Disclaimer: Nothing Brad Nickel or his guests say during this podcast should be taken as investment advice. We are not investment advisors and the opinions expressed here are just opinions and not an inducement to any investment or strategy. Do your own research. Trading cryptocurrencies is very high risk and you should never invest more than you can afford to lose. What is radical decentralization How it can be interest free and still work How their instant liquidation model works and why How all the pieces of the system fit together Why it was created in the first place and how the entire thing came about How the stablecoin of the protocol LUSD stabilizes and gets stabilized in the protocol. How rapidly they have grown and why. Where they are taking the protocol next Who the biggest skeptic of the protocol was. You'll be surprised. We get into theoretical discussions about USDC and ethereum forks from a question posted by Hasu on Twitter. and so much more. This is a learning episode and not only will you learn about Liquidity, but you will learn how these protocols are born and what it is like to build and release one. https://twitter.com/robert_lauko https://twitter.com/LiquityProtocol https://liquity.org --- Support this podcast: https://anchor.fm/missiondefi/support
Velina Hasu Houston, Playwright and Professor, child of a Japanese Mother and African American Father, was born on a United States Military Ship sitting in contested waters. All her life she has had that sense of fluid borders. Velina was raised in a small town in Kansas, middle America in every way, and at a young age announced that she wanted to write. Navigating through a society that more often searched to give her a fixed identity and limit her ambitions, she rejected that characterization and in spite of discouraging advice, went on to garner awards for playwriting and a Distinguished Professor designation at the University of Southern California (USC) School of Dramatic Arts. Velina discusses the many sided ways of looking at identity, how her famous play, TEA is a homage to her Mother and her life in Kansas, as a Japanese immigrant woman, and muses about what identity means today as the world changes in the 21st century. Dr. Velina Hasu Houston's play, TEA, is available from Dramatist's Play Service on its website.
Eleven years since the creation of Bitcoin, its security model is still not agreed upon. Our guest today goes by the Twitter pseudonym Hasu (@hasufl), an independent cryptocurrency researcher who publishes work on the subject of non-sovereign money and has taken a recent interest in Bitcoin's security model. We kick off our conversation with a recognition of the power of pseudonymity in the digital realm and the implications of our ability to access an abundance of information in a post-internet world. We then take a deep dive into the world of Bitcoin, unpacking its security model. We begin with an explanation of Satoshi Nakamato's explicit design goals to achieve the properties of an apolitical monetary system. We introduce an intuitive way of thinking about proof of work, highlighting Bitcoin's innovative ability to coordinate trust, and facilitate the transfer of value without relying on a centralized authority. We explain why Bitcoin needs mining and how the network incentivizes miners. We place particular emphasis on the economic incentives required to secure Bitcoin and a potential shift in these incentives over time. We finish with an outline of countermeasures against a potentially weakening security model, in hopes to further encourage conversation. Key Points From This Episode: The transition from information scarcity to information abundance since the internet. Democratic values provided by the internet and its culture of pseudonyms. Satoshi's design goals and Bitcoin's security principles Why Bitcoin needs mining Timestamping with Nakamoto consensus Miners' influence on the network: what miners can and can't do How to think about proof-of-work What secures Bitcoin: a combination of cryptography and economic incentives Acknowledging a shift in Bitcoin's security model from block rewards to transaction fees Countermeasures to Bitcoin's changing security model Tweetables: “Money and finance are spaces that have historically had huge barriers to entry and largely been protected from disruption. Cryptocurrency is able to exist outside of the curfew of government regulation.” — @hasufl “The market value of rewards is tied to the health of the network. As a result, the entire balance sheet of miners is tied to the health of the network. If users lose faith, miners lose their investment.” — @hasufl “If there ends up being a problem, and we are in a hurry to fix things, then it's way easier to make a mistake, adopt an imperfect solution, or implement something without full community buy-in.” — @hasufl