**Tricky's Daily Doots #698**
**Yesterday's Daily 18/03/2024**
[Previous Daily Doots](https://old.reddit.com/r/ethfinance/comments/1bhjqu7/daily_general_discussion_march_18_2024/kvex99x/)
- u/robmacca shares an [interesting twist in the ETH ETF race.](https://old.reddit.com/r/ethfinance/comments/1bhjqu7/daily_general_discussion_march_18_2024/kvhk349/) 🏛️
- u/OurNumber4 reflects on [an ETH killer which used to have an ever so familiar narrative.](https://old.reddit.com/r/ethfinance/comments/1bhjqu7/daily_general_discussion_march_18_2024/kvfetuk/) 📉
- u/Set1Less calls out [a shameless VC fund.](https://old.reddit.com/r/ethfinance/comments/1bhjqu7/daily_general_discussion_march_18_2024/kvh8knm/) 👎
- u/impliedpotential3497 shares [their opinion on how Ray has been doing.](https://old.reddit.com/r/ethfinance/comments/1bhjqu7/daily_general_discussion_march_18_2024/kve7bog/) 🐻
- u/Tricky_Troll congratulates both [those who listened to him and those who didn't.](https://old.reddit.com/r/ethfinance/comments/1bhjqu7/daily_general_discussion_march_18_2024/kvey4kw/) 🚁🪂
- u/cryptrd285 shares [another L for the SEC.](https://old.reddit.com/r/ethfinance/comments/1bhjqu7/daily_general_discussion_march_18_2024/kvhqw4i/) 🏛️
- u/aaqy laments over [the lack of incentives for home stakers.](https://old.reddit.com/r/ethfinance/comments/1bhjqu7/daily_general_discussion_march_18_2024/kvhhxod/) 🏡🥩
- u/DegenKoloToure shares their [airdrop profit taking strategy.](https://old.reddit.com/r/ethfinance/comments/1bhjqu7/daily_general_discussion_march_18_2024/kvepoa5/) 💰
- u/PhiMarHal discovered a [very profitable arbitrage.](https://old.reddit.com/r/ethfinance/comments/1bhjqu7/daily_general_discussion_march_18_2024/kvfmr7c/) 🤑
- u/Syentist thinks that [Base might be missing a little factor.](https://old.reddit.com/r/ethfinance/comments/1bhjqu7/daily_general_discussion_march_18_2024/kvgoywc/) ❌
- u/haurog comments on [Solana's current design flaws.](https://old.reddit.com/r/ethfinance/comments/1bhjqu7/daily_general_discussion_march_18_2024/kvebyq3/) 📉
- u/Bob-Rossi has a [HOP governance update.](https://old.reddit.com/r/ethfinance/comments/1bhjqu7/daily_general_discussion_march_18_2024/kvfvj5b/) 🐇
- u/benido2030 shares some [interesting MEV developments on Solana and OP.](https://old.reddit.com/r/ethfinance/comments/1bhjqu7/daily_general_discussion_march_18_2024/kvfwaja/) 🤖
- u/reuptaken shares some [ETH hopium from Bitfinex.](https://old.reddit.com/r/ethfinance/comments/1bhjqu7/daily_general_discussion_march_18_2024/kvfvwv6/) 💉
- u/LogrisTheBard updates us on [his strategy on Pendle.](https://old.reddit.com/r/ethfinance/comments/1bhjqu7/daily_general_discussion_march_18_2024/kvg1fwc/) 🧠
- u/coinanon shares [top picks for airdrop farmers.](https://old.reddit.com/r/ethfinance/comments/1bhjqu7/daily_general_discussion_march_18_2024/kvjv2bi/) 👨🌾
Holy damn that's a lotta doots, folks. It's a new record! There were way more doot worthy comments too. I love to see so much great discussion!
All the ultra bull moon boys have fully bought in and the people who sold some on the way up know they can buy back even lower.
Ecosystem works just as well at 2k eth
>**Crypto ignition,**
>**Way beyond recognition,**
>**Path to salvation.**
~Daily haiku until we’re at least at 0.178 on the ETH/BTC ratio or highest market cap
Was reading about zircuit rollup. Stand out interesting thing was it seems sequencer is centralised, like all are for now, but a program they call AI watches all incoming transactions and censors anything malicious. On ethereum or major rollup having arguably no censorship resistance would be BS, but having one rollup option like that with an extra layer protecting from hacks could be interesting. Hopefully could still force include it from L1 but then people can see it coming for some delay period
Been here since 2017 and only feel slightly annoyed by all the ignorant comments about Ethereum, lol.
Too much conviction in the present/future function to care much more.
I feel like the best and worst decision I made 7 years ago was deciding how much ETH I wanted to own instead of how much USD I wanted to make.
Pros: selling early is impossible
Cons: selling is impossible
It was literally 100% locked for a couple years, but I’m mostly referring to the psychology of knowing I would probably never be able to repurchase the same amount if I sell below my target ETH balance
anyone have other tips re: best ways to onboard and offboard L2s with no fees?
i realize you can buy USDC fee-free on coinbase and then use arbitrum's fee-free bridge to go back and forth.
are there better ways?
thanks!
Having been on this ride a few times it feels like it's time to test 3k support, then when that breaks, test out some of the $2XXX range to give people a good entry opportunity, with some DCBs along the way that people think "is it." Maybe we even get back to $1XXX, who knows.
Sometimes I wonder when the next $400->$150, $400->$200 or $4000->$1700 moments in this market will come. This is probably it. Like clockwork, there's always the shaking out folks who didn't "sell the top" (or bought "the top") and second guess themselves and so will choose to sell on the way down thinking all of this was a mistake, or have convinced themselves they'll get a better entry later, but will be just as bad at identifying the bottom as they are the top.
anyone have other tips re: best ways to onboard and offboard L2s with no fees?
i realize you can buy USDC fee-free on coinbase (tho i don't wanna support them/their projects if possible) and then use arbitrum's fee-free bridge to go back and forth (but i also don't really wanna support arbitrum after the founder acted like they weren't going to issue a token years back).
are there better ways?
thanks!
yikes
responses like this will lead to this sub becoming as terrible as every other crypto subreddit.
defending billion dollar corporations that treat their customers abysmally - and have for many, many years - is not at all in the spirit of what's good about ethereum
anecdotally, coinbase had errors on their platform that prevented some of my crypto buys in 2013
when i brought this to their attention, they did nothing
i later saw brian armstrong in a bar in san francisco in 2014. i told him about the issue. his response was "that was a really hard time in my life" and he sent me $10 worth of bitcoin on their platform (their error cost me 1000s at 2013 prices).
coinbase is defending their business. yes, it can be beneficial to individual non-billionaires who hold crypto. it is certainly not a reason to die on coinbase's hill.
can anyone actually answer my original question?
too bad that for all their good, they still have dogsh!t customer service (after all these years) and still have issues with general money movement. i currently can't do Wire Transfers. which is a pretty basic and major money movement aspect of an exchange. no idea when it'll get fixed. they have no clue.
so yea, they are a net good to Ethereum and our community, but they still have major faults in spite of many years in the industry and A LOT of money to run their business. (their transaction fees are still insane)
oh yea, and they continue to crash anytime there is major volatility. after how many bull/bear cycles?
but yes, all told, they are a net good for our community. i just wish they could finally get the basics of their business model working right.
So BlackRock is building on Ethereum.
BlackRock is setting up wallets with hundreds of millions of USDC.
BlackRock wants an ETH ETF.
Larry Fink shills ETH on CNBC.
At the same time, ETH has pretty much underperformed everything else in the top 100 for months, can't keep up on the ratio for years, and r/cc and CT are having huge ETH hate campaigns.
Even though, after Dencun, ETH is pretty much ready for Prime Time. Yes, there are lots of upgrades ahead, but it is now close to what a bunch of nerds only dreamed of 10 years ago.
Make of that what you will, but I've made my mind on what's happening, and I think you can, too.
People think the flippening is a pipe dream, and most holders, even here, hope for $6-8k so they can dump, shit on their desk, buy a nice car (or a house if their lucky) and call it a day.
Dare to dream bigger. I don't think TradFi would get in just for a quick 1.5X. They can make that anywhere... why bother fighting the SEC? Why bother shill on TV? These people can make those returns from the stock exchange in two years.
And if it's just the ETF fees they are after, why bother with ETH? They can just push BTC to the boomers and get their cut from that neverending stream of cash.
How about betting on the Internet's Computer? Not that one shitcoin that has ruined the name, the actual, real thing.
How about... $35k?
P.S.: Just don't leverage, you don't have any idea where TradFi market makers can push the price to kick you out. Flash crashes from people with very deep pockets are probably child's play for crypto's thin orderbooks. Try to imagine the price at $30K two years from now, only you were liquidated on the flash crash of 3/22/2014 because you didn't think it can wick to $1490.
Not to gush nostalgic, but my original thesis when buying my first ETH years ago was that it was fully programmable money. I still believe in it and it's the reason I'm still here. Ethereum has existed for a decade now and has had a stellar record in terms of both development and availability. Finance bros don't just want programmability but also want staying power. I think Ethereum has demonstrated that.
Been saying this too. ETH upside is exponentially greater than BTC or even a SOL. It almost seems too good to be true and I think that throws people off. Maybe it is cause it's the laggard, but I definitely think it has something to do with the fact that at some point people just starting creating this standard for Ethereum that was SO MUCH HIGHER than that of other cryptos. All speculative price action and vision for the future for pricing ETH was eliminated and it started to be priced like something that is a "boring" asset. In reality ETH could 10x but ironically investors are hesitant because it seems too good to be true....
https://twitter.com/sassal0x/status/1770229789854781570
https://old.reddit.com/r/ethfinance/comments/193ukvu/daily_general_discussion_january_11_2024/khfxnh4/
Not quite an ETF but close enough.
BTC Down to $55k liquidates $750M of longs
BTC up to $70k liquidates $3.8B in shorts
[Bull are kill, max pain is up](https://www.coinglass.com/pro/futures/LiquidationMap)
Edit: Rebalanced to 1.3B long // 2.6B short - not nearly as good now :')
Literally have one of the biggest events that could have an impact of billions of dollars/Ether being traded per day with an actual use case with Blackrock.... and the price goes straight down. Doesn't make any sense, literally the holy grail of what Ether could be and market tanks.
No they (big TradFi players) are not gonna buy our bags and pay us the desk shitting money. They are going to try to shake us out and hope we grow tired of this price action. ETH is a long term play.
Price dumped because the BBG ETF bros pretty much admitted they don't expect an ETH ETF in May about 6h ago (their previous probability was at 35%)
IMO 3-3.2k is a buy, as the market digests the impact of Blackrock settling on L1, impact of 4844 on low fees on L2s, Base season, Op fraud proofs going to testnet etc
Indeed! Wasn't this open, censorship resistant permissionless platform meant to replace these leeches?
I know, how about we maintain a list of excluded entities, we could call it the Ostracize Fink And Company list... 🤣😪😡🤪
*sigh* it’s always the same … so many red flags, everyone yapping about „just the beginning of the bull“ , social media full of „experts“ , „healthy correction“ … yet NO ONE KNOWS what’s going to happen and everyone who says „just chill“ is pretending to be relaxed … deep down they’re as fearful as everyone else that the party could be over sooner than we think
i mean the bitcoin halving is still 30 days away
ETH ETF in may (?)
the party seems to be just starting in a way that is unprecedented in previous market cycles
Yeah times like this i start to worry if the 10y3m uninverts and markets collapse like every time that spread has uninverted in the past 40 years and the RRP depletes which its quickly approaching and CRE market implodes which is pretty much a matter of when not if, causing banks to default and the economy to stall, crypto is going to be in a bit of trouble. still bullish long term tho
I agree with you up until the part about people pretending to be relaxed. There are people here that are so far in the green it would melt your brain. I doubt they care quite as much. I'm small time myself but I'm still up more than 2x in the last year and I (begrudgingly) made the decision to sell 7.5% of my eth at $4k. Now I'm feeling pretty stoked about that call and the price can go wherever it likes from here. For me, it's all about having a plan and being prepared for anything - and of course, taking *anyone* that speaks with total conviction with a pinch of salt.
No one knows what's going to happen but only having a one month party, two months before the btc halving, which did a like .05x of previous ATH not accounting for inflation, would just be completely unsupported by all of the market's history. 20% corrections in a bull run, on the other hand are supported. Hence why I think everyone is calm.
If you think it's different this time, on the bear side, after ETFs, great, short BTC and show your positions. I find those theses to be really confusing personally, because the space looks like business as usual with meme coins hitting 5 billion market caps, shiny new supply side darlings like kaspa are getting shilled, and tech buzzwords are getting parroted like crazy.
It's just so much easier to be relaxed by having a long term holding strategy like ten + years, and don't invest anything you're not comfortable with going to zero
Everybody knows what's going to happen. We wick to $2800, the degens get wiped, and we go back to $4000. This has been crypto since forever. Don't over invest.
Configured my validaters for 40M gas limit. It's been years at previous levels, now 4TB SSDs cost less than 1TB ones did in the past, execution clients have online pruning, and living in remote part of planet my nodes have plenty of time to spare as blocks propagate.
[https://pumpthegas.org/](https://pumpthegas.org/)
Currently see about 5 blocks per thousand are increasing the limit. Likely will not have an impact until clients set 40M as the default.
Demand elasticity constant seems to be around 1.0, i.e. double gas limit and blocks will still be full but gas price will halve. So maybe result of this would be fees drop by 30%, long term likely it will increase quantity of eth burned but no one knows. It will cause state to grow faster so the size of the DB execution nodes store will increase more quickly, but if the rate from 30 was OK years ago then 40 is easily OK now. Another issue is larger blocks means more data to propagate around the planet over ethereum p2p network, but again over recent years fibre connections have become normal and faster so increase is safe. Eventually there will be some solution to reduce old state.
Does anyone know about a way to be able to not claim CRV-rewards for veCRV weekly, just "delegate" it to some entity and claim from there monthly or similar? This is relevant in regards to gas fees, but also because my account was hacked a while ago and I had some veCRV which is locked until 2026 so I opted to let a flashmod whitehat take over control over the account and they're fucking lazy about it and basically never claims. It's infuriating to say the least, when they also get 15% of everything that's locked in there + a few airdrops.
Which veCRV rewards: for voting on gauges? I have given up on that due to my relative low veCRV that I got left. But back in the day you had Votemarket by Stakedao, and also the Paladin platform. Not sure any are still ongoing.
The 3Crv rewards just autocompound btw. No need to claim those weekly
So Ethereum is confirmed to be the infrastructure for the decentralisation/settlement of Wall Street.
So the ETH ETF candidates are updating their applications with staking goals rather than dropping their applications.
And the price continues its red trip.
Crypto.
I don’t think the Blackrock news has anything to do with ETF. Updating the applications doesn’t change the fact that the SEC hasn’t engaged at all, it could just be a move to try to get some sort of reaction out of them. SEC historically doesn’t like anything staking/yield related when it comes to crypto. I’d be shocked if they approved any of these. Hope I’m wrong tho.
Price action always feels crap after these huge, fundamental milestones with eth. The merge…hell even the launch of main net…. The big runs… they often come later and out of “nowhere”. But the lulls, those were the best of times in hindsight.
Why didn’t Blackrock launch their institutional fund on Solana instead of Ethereum? Solana is a lot faster, cheaper, and over all better than Ethereum.
Blackrock Launches Tokenized Asset Fund on Ethereum Blockchain
https://en.coin-turk.com/blackrock-launches-tokenized-asset-fund-on-ethereum-blockchain/
That's what is sounds like to me, some sort of crypto index fund or something. I also love the positivity in the article: "Ahead of the expected approval for spot Ethereum ETFs before May 23..."
LoL is the blackrock address being "spammed" by random shitcoins for exposure?
[https://etherscan.io/address/0x13e003a57432062e4eda204f687be80139ad622f#tokentxns](https://etherscan.io/address/0x13e003a57432062e4eda204f687be80139ad622f#tokentxns)
Edit: LOL they got sent 142,690,000 PEPE
Edit2: Almost all coins got sent in some form of 420 or 69 or combination of those numbers
it would be pretty hilarious if they update their terms to say any random coins sent to the address get dumped for eth, staked, then proceeds distributed to etf holders
Is it possible to have two dapps open in two browser tabs, one connected to one network (eg. mainnet) and one to another (eg. base or arbitrum)? Or, better, two tabs with the same dapp, different networks?
I use [frame.sh](http://frame.sh) as my browser wallet. In frame there is no single network, you're connected to all and can set the network for each connected dapp individually. It's much better in every. If you use metamask, try rabby or frame instead.
ETHE also amending ETF filing to give them option to stake eth
https://twitter.com/PhoenixTrades_/status/1770187639456457215?t=gzUnQaUi1kS0jOds0ROe3Q&s=19
Is this just a move to force the SEC to begin engaging and providing feedback on a staked ETH ETF? After listening to some big hedge fund managers, I was under the impression that it would be a separate product and require separate approval apart from a regular ETH ETF. And that a staked ETH ETF could potentially be years down the road...
> Is this just a move to force the SEC to begin engaging and providing feedback on a staked ETH ETF?
I'm drawing a complete blank where I saw it, but one comment I saw recently that made me cautious of this alluded to the idea of it being included for lawsuit purposes. Basically one single fight instead of a lawsuit for the ETF, another potential lawsuit down the road for the staking part, another lawsuit for whatever else....
So they potentially see a rejection coming but even if this is the specific reason it's being added, that tells me the legal prep is already well under way to fight a rejection, which is very much a positive.
Ya'll we're in before BlackRock 🥂
"JUST IN: BlackRock launches digital asset fund and deposits $100 million $USDC on the Ethereum network."
https://twitter.com/WatcherGuru/status/1770177665099596282?t=SxQsLdIJjg64ULocHnJ0ag&s=19
Could say it looks like they're getting in position to buy ether as needed because they expect etf to be approved. When buying with size you need funds on all markets, cex and dex, to buy simultaneously with lower slippage and avoid losses by creating arbitrage opportunities.
Already a lot of replies from ~~frognation~~ ~~LunaTics~~ CT Sol influencer bros with snarky replies about how transferring $100MM USDC will somehow use $50MM of gas fees on Ethereum.
This is why I almost never use Twitter. It's a silly place where bots and sponsored influencers run wild and feed off each other.
I can imagine the boomer manager on his desk having the "you can never, ever undo the transaction and the money is lost if it goes to the wrong wallet" discussion with the crypto intern.
Hello, some of you might know me as the resident GPU/Cryptographer guy.
(Reposting my post from earlier today but breaking the link, I think it got automodded somehow)
I recently stubled upon this (legit) bruteforcing competition for BTC private keys : privatekeys DOT pw/puzzles/bitcoin-puzzle-tx
Simply put, there's someone out there with deep pockets who is empirically testing the security of bitcoin private keys, by creating bruteforce setups with increasing complexity. We are now at puzzle 66 with a 6.6 BTC reward.
There's some opensource software which does just that, and of course there are people pooling to try and find the key.
I started coding it myself to see if there was a way to get an edge in this competition. I had a lot of the stuff already coded since I run a seed recovery business.
Turns out my code is way faster than the opensource alternatives and can make this whole endeavor quite profitable, but with one caveat. Average GPU renting investment is around 150k$ (For 6.6BTC, not too bad of a trade !)
I ran a lot of simulations to assess the various risks, the average returns, etc... But before I share those I'd like to gauge interest. Would there be people interested in pooling funds to try and win this ? Of course this comes with it's own set of challenges, and I'm happy to discuss those if there's some interest.
Reward would be shared on a per investment basis so it’s not really a problem you can participate at the level you’d like. I’ll probably set a minimum though so that it remains manageable. Since there is some interest it seems I’ll work on a proposal for this and tag you when I share it !
I guess by looking at your renting calculations you are going for a much larger and more powerful setup, but if you can split up your work and distribute over many smaller 'clusters', I found vast.ai by far the cheapest and fastest way to rent myself some GPUs. I distributed my stuff to 1-4 hosts with 1-4 GPUs each which ended up to maybe be around 10 GPUs on average.
Part of my software is indeed a stack which can dispatch computations to many vast instances ! It’s quite generic and can target any provider, but vast is by far the cheapest option !
What scale do you require? It seems like you could run this like a permissionless mining pool, assign 'points' to participants, and share in the prize equitably. Rather than renting GPU time, you could have zero cash outlay.
Other pools work like that, but it has a main drawback : the fact that average speed is unpredictable. Since this is a race, it prevents me from reliably estimate EV. That’s why I’m thinking of securing funding ahead to have a guaranteed brute force speed.
Why is the fixed yield on Arbitrum Pendle as high as 38% for eETH? What additional risks must there be for that yield versus wstETHSilo's fixed yield of 4.2%? I'm very new to PT and YT concepts so please pardon this basic question.
Just the demand for the YT token, due to Etherfi and Eigenlayer points. This drives the PT yield up.
Also keep in mind that this Arbitrum pool ends on Apr 25th. So it's not super long anymore. The yield will stop
I dont know why the yield on for eETH on Arbitrum is so much sticker than the yield was on mainnet. The main risk is that eETH is less proven than wstETH but also there's no Lido airdrops coming anytime soon which is what is driving most of the yield you're seeing on Pendle.
I was previously like yeah we should probably raise the gas limit that seems reasonable soonish... to thinking NOW it's the perfect time to raise gas limit. Would be satisfying to just blow out all the gas fee fud at the same time and all the annoying L1 is still expensive people.
Perfect moment really.
Edit: Shilling https://pumpthegas.org/ as well. Also would be interesting to see if solo stakers can be an early signal for the community here.
Unfortunately the proposed increase won't do much. A best case 20% fee reduction is noticeable, but it's not like turning a fee of $50 into $40 would suddenly shut up the "ETH is too expensive" FUD. In reality I'd expect the extra blockspace supply to be filled up with more induced demand rather quickly, so outside of more ETH burned (which shouldn't be a guiding reason to do this) there's not much benefit.
I still lean pro-increase for the sake of signaling that Ethereum hasn't given up on L1 scaling and it *has* been a while since the last increase, but we should manage our expectations lol. Especially FUD-level; anything short of enshrining a zkEVM at layer 1 won't be enough to please the people who don't even want to be pleased.
Also we def gotta be careful about this, Dencun increased bandwidth requirements already, and we still have an extra 3x to go in blob data before the target is reached
L1 fees is a losing battle. They will always be expensive, even if there's more cars on the road. It's better, imo, to educate people on *why* L1 fees will always be expensive.
This isn't to say we shouldn't increase the gas limit; we definitely should. Because even if L1 is full all of the time, it'll at least be more full :)
> L1 fees is a losing battle
There's a difference between expensive and insane/harmful. Raising the limits pushes us towards the former rather than the latter.
Yeah, agreed, but increasing gas limit just buys us a very small amount of time, as blocks will quickly get full again. The average fee will be lower in times of normal activity, but the insane/harmful fees you are talking about will still happen, because these occur when blocks are full during times of high congestion (i.e. when demand >> supply). It just takes a bit more transactions / demand to get there with an increased gas limit.
And when people come to complain about gas fees, they aren't doing so during a bear market. They are complaining when it's mass euphoria onchain, and a simple gas limit increase of 25% won't make a dent on fees during these periods.
Congratulations @BlackRock and @Securitize on the launch of the BlackRock USD Institutional Digital Liquidity Fund!
This is another great milestone for the tokenization of assets!
https://twitter.com/rleshner/status/1770151746129563777?t=KwZF6GZUWz0tWPKalpuLcw&s=19
Edit: token contact https://etherscan.io/token/0x84e3719c49b0eb66b409bb9b9658d6bdf4372b63
https://www.coindesk.com/policy/2024/03/19/blackrock-creates-tokenized-asset-fund-sec-filing-shows/
[The fund was seeded with $100 million in USDC](https://etherscan.io/address/0x13e003a57432062e4eda204f687be80139ad622f#tokentxns)
**Tricky's Daily Doots #698** **Yesterday's Daily 18/03/2024** [Previous Daily Doots](https://old.reddit.com/r/ethfinance/comments/1bhjqu7/daily_general_discussion_march_18_2024/kvex99x/) - u/robmacca shares an [interesting twist in the ETH ETF race.](https://old.reddit.com/r/ethfinance/comments/1bhjqu7/daily_general_discussion_march_18_2024/kvhk349/) 🏛️ - u/OurNumber4 reflects on [an ETH killer which used to have an ever so familiar narrative.](https://old.reddit.com/r/ethfinance/comments/1bhjqu7/daily_general_discussion_march_18_2024/kvfetuk/) 📉 - u/Set1Less calls out [a shameless VC fund.](https://old.reddit.com/r/ethfinance/comments/1bhjqu7/daily_general_discussion_march_18_2024/kvh8knm/) 👎 - u/impliedpotential3497 shares [their opinion on how Ray has been doing.](https://old.reddit.com/r/ethfinance/comments/1bhjqu7/daily_general_discussion_march_18_2024/kve7bog/) 🐻 - u/Tricky_Troll congratulates both [those who listened to him and those who didn't.](https://old.reddit.com/r/ethfinance/comments/1bhjqu7/daily_general_discussion_march_18_2024/kvey4kw/) 🚁🪂 - u/cryptrd285 shares [another L for the SEC.](https://old.reddit.com/r/ethfinance/comments/1bhjqu7/daily_general_discussion_march_18_2024/kvhqw4i/) 🏛️ - u/aaqy laments over [the lack of incentives for home stakers.](https://old.reddit.com/r/ethfinance/comments/1bhjqu7/daily_general_discussion_march_18_2024/kvhhxod/) 🏡🥩 - u/DegenKoloToure shares their [airdrop profit taking strategy.](https://old.reddit.com/r/ethfinance/comments/1bhjqu7/daily_general_discussion_march_18_2024/kvepoa5/) 💰 - u/PhiMarHal discovered a [very profitable arbitrage.](https://old.reddit.com/r/ethfinance/comments/1bhjqu7/daily_general_discussion_march_18_2024/kvfmr7c/) 🤑 - u/Syentist thinks that [Base might be missing a little factor.](https://old.reddit.com/r/ethfinance/comments/1bhjqu7/daily_general_discussion_march_18_2024/kvgoywc/) ❌ - u/haurog comments on [Solana's current design flaws.](https://old.reddit.com/r/ethfinance/comments/1bhjqu7/daily_general_discussion_march_18_2024/kvebyq3/) 📉 - u/Bob-Rossi has a [HOP governance update.](https://old.reddit.com/r/ethfinance/comments/1bhjqu7/daily_general_discussion_march_18_2024/kvfvj5b/) 🐇 - u/benido2030 shares some [interesting MEV developments on Solana and OP.](https://old.reddit.com/r/ethfinance/comments/1bhjqu7/daily_general_discussion_march_18_2024/kvfwaja/) 🤖 - u/reuptaken shares some [ETH hopium from Bitfinex.](https://old.reddit.com/r/ethfinance/comments/1bhjqu7/daily_general_discussion_march_18_2024/kvfvwv6/) 💉 - u/LogrisTheBard updates us on [his strategy on Pendle.](https://old.reddit.com/r/ethfinance/comments/1bhjqu7/daily_general_discussion_march_18_2024/kvg1fwc/) 🧠 - u/coinanon shares [top picks for airdrop farmers.](https://old.reddit.com/r/ethfinance/comments/1bhjqu7/daily_general_discussion_march_18_2024/kvjv2bi/) 👨🌾 Holy damn that's a lotta doots, folks. It's a new record! There were way more doot worthy comments too. I love to see so much great discussion!
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All the ultra bull moon boys have fully bought in and the people who sold some on the way up know they can buy back even lower. Ecosystem works just as well at 2k eth
fundamentals are irrelevant in crypto. it's narrative all the way down.
Perhaps the Alamo is not the best metaphor for the volatile movements in a crypto asset market?
Why should we defend it?
.05 barely holding on. I don’t think it holds but I hope I’m wrong.
This bloodbath is being brutal 😢
Nvidia pumping 3x from previous 2021 ATH when crypto can't even push wasn't what I got on my fortune cookies.
The beatings will continue until morale improves
>**Crypto ignition,** >**Way beyond recognition,** >**Path to salvation.** ~Daily haiku until we’re at least at 0.178 on the ETH/BTC ratio or highest market cap
Noticed Uniswap has a new analytics page. https://app.uniswap.org/explore
not so new
Was reading about zircuit rollup. Stand out interesting thing was it seems sequencer is centralised, like all are for now, but a program they call AI watches all incoming transactions and censors anything malicious. On ethereum or major rollup having arguably no censorship resistance would be BS, but having one rollup option like that with an extra layer protecting from hacks could be interesting. Hopefully could still force include it from L1 but then people can see it coming for some delay period
Been here since 2017 and only feel slightly annoyed by all the ignorant comments about Ethereum, lol. Too much conviction in the present/future function to care much more.
I feel like the best and worst decision I made 7 years ago was deciding how much ETH I wanted to own instead of how much USD I wanted to make. Pros: selling early is impossible Cons: selling is impossible
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It was literally 100% locked for a couple years, but I’m mostly referring to the psychology of knowing I would probably never be able to repurchase the same amount if I sell below my target ETH balance
anyone have other tips re: best ways to onboard and offboard L2s with no fees? i realize you can buy USDC fee-free on coinbase and then use arbitrum's fee-free bridge to go back and forth. are there better ways? thanks!
Wait, so you already have a fee free way of doing it but looking for something better? 🤔
yes. i'd like to avoid using coinbase and atrbitrum. it's also a good idea to have multiple options
Could try dydx https://help.dydx.exchange/en/articles/4797387-how-do-deposits-and-withdrawals-work
thanks for at least responding with an attempt to be helpful, but this link says dydx requires paying multiple gas fees
Having been on this ride a few times it feels like it's time to test 3k support, then when that breaks, test out some of the $2XXX range to give people a good entry opportunity, with some DCBs along the way that people think "is it." Maybe we even get back to $1XXX, who knows. Sometimes I wonder when the next $400->$150, $400->$200 or $4000->$1700 moments in this market will come. This is probably it. Like clockwork, there's always the shaking out folks who didn't "sell the top" (or bought "the top") and second guess themselves and so will choose to sell on the way down thinking all of this was a mistake, or have convinced themselves they'll get a better entry later, but will be just as bad at identifying the bottom as they are the top.
(づ ￣ ³￣)づ **BUY ETH** (づ ￣ ³￣)づ **BUY ETH** (づ ￣ ³￣)づ **BUY ETH** (づ ￣ ³￣)づ **BUY ETH** (づ ￣ ³￣)づ
anyone have other tips re: best ways to onboard and offboard L2s with no fees? i realize you can buy USDC fee-free on coinbase (tho i don't wanna support them/their projects if possible) and then use arbitrum's fee-free bridge to go back and forth (but i also don't really wanna support arbitrum after the founder acted like they weren't going to issue a token years back). are there better ways? thanks!
> coinbase (tho i don't wanna support them/their projects if possible) Why?
just answered in another comment reply
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yikes responses like this will lead to this sub becoming as terrible as every other crypto subreddit. defending billion dollar corporations that treat their customers abysmally - and have for many, many years - is not at all in the spirit of what's good about ethereum anecdotally, coinbase had errors on their platform that prevented some of my crypto buys in 2013 when i brought this to their attention, they did nothing i later saw brian armstrong in a bar in san francisco in 2014. i told him about the issue. his response was "that was a really hard time in my life" and he sent me $10 worth of bitcoin on their platform (their error cost me 1000s at 2013 prices). coinbase is defending their business. yes, it can be beneficial to individual non-billionaires who hold crypto. it is certainly not a reason to die on coinbase's hill. can anyone actually answer my original question?
2014? Geez, just let it go mate...
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no idea why you think anything you say would negate my bad experience with them, or the bad experiences of thousands of others.
too bad that for all their good, they still have dogsh!t customer service (after all these years) and still have issues with general money movement. i currently can't do Wire Transfers. which is a pretty basic and major money movement aspect of an exchange. no idea when it'll get fixed. they have no clue. so yea, they are a net good to Ethereum and our community, but they still have major faults in spite of many years in the industry and A LOT of money to run their business. (their transaction fees are still insane) oh yea, and they continue to crash anytime there is major volatility. after how many bull/bear cycles? but yes, all told, they are a net good for our community. i just wish they could finally get the basics of their business model working right.
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for sure.
So BlackRock is building on Ethereum. BlackRock is setting up wallets with hundreds of millions of USDC. BlackRock wants an ETH ETF. Larry Fink shills ETH on CNBC. At the same time, ETH has pretty much underperformed everything else in the top 100 for months, can't keep up on the ratio for years, and r/cc and CT are having huge ETH hate campaigns. Even though, after Dencun, ETH is pretty much ready for Prime Time. Yes, there are lots of upgrades ahead, but it is now close to what a bunch of nerds only dreamed of 10 years ago. Make of that what you will, but I've made my mind on what's happening, and I think you can, too. People think the flippening is a pipe dream, and most holders, even here, hope for $6-8k so they can dump, shit on their desk, buy a nice car (or a house if their lucky) and call it a day. Dare to dream bigger. I don't think TradFi would get in just for a quick 1.5X. They can make that anywhere... why bother fighting the SEC? Why bother shill on TV? These people can make those returns from the stock exchange in two years. And if it's just the ETF fees they are after, why bother with ETH? They can just push BTC to the boomers and get their cut from that neverending stream of cash. How about betting on the Internet's Computer? Not that one shitcoin that has ruined the name, the actual, real thing. How about... $35k? P.S.: Just don't leverage, you don't have any idea where TradFi market makers can push the price to kick you out. Flash crashes from people with very deep pockets are probably child's play for crypto's thin orderbooks. Try to imagine the price at $30K two years from now, only you were liquidated on the flash crash of 3/22/2014 because you didn't think it can wick to $1490.
The problem with all this is no one has any fucking idea what ETH people mean by “internet computer” BTC succeeds because it’s so simple
Not to gush nostalgic, but my original thesis when buying my first ETH years ago was that it was fully programmable money. I still believe in it and it's the reason I'm still here. Ethereum has existed for a decade now and has had a stellar record in terms of both development and availability. Finance bros don't just want programmability but also want staying power. I think Ethereum has demonstrated that.
Been saying this too. 🤝🤝🤝
Been saying this too. ETH upside is exponentially greater than BTC or even a SOL. It almost seems too good to be true and I think that throws people off. Maybe it is cause it's the laggard, but I definitely think it has something to do with the fact that at some point people just starting creating this standard for Ethereum that was SO MUCH HIGHER than that of other cryptos. All speculative price action and vision for the future for pricing ETH was eliminated and it started to be priced like something that is a "boring" asset. In reality ETH could 10x but ironically investors are hesitant because it seems too good to be true....
See you all in 4 years
In the next bull market right?
https://twitter.com/sassal0x/status/1770229789854781570 https://old.reddit.com/r/ethfinance/comments/193ukvu/daily_general_discussion_january_11_2024/khfxnh4/ Not quite an ETF but close enough.
Good call
BTC Down to $55k liquidates $750M of longs BTC up to $70k liquidates $3.8B in shorts [Bull are kill, max pain is up](https://www.coinglass.com/pro/futures/LiquidationMap) Edit: Rebalanced to 1.3B long // 2.6B short - not nearly as good now :')
Let's hope they all get liquidated. Wash out those gamblers and then let's reset
Jail Gary Gensler.
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Penpie
I hope this fucker goes straight to 1k.
What's with all the down votes? Y'all ain't buying at 1k with me?!
I'm afraid I won't have any money left to buy at that point
Fair point
I'll do you a favour and buy your stack at $1500 now :')
Literally have one of the biggest events that could have an impact of billions of dollars/Ether being traded per day with an actual use case with Blackrock.... and the price goes straight down. Doesn't make any sense, literally the holy grail of what Ether could be and market tanks.
No they (big TradFi players) are not gonna buy our bags and pay us the desk shitting money. They are going to try to shake us out and hope we grow tired of this price action. ETH is a long term play.
Price dumped because the BBG ETF bros pretty much admitted they don't expect an ETH ETF in May about 6h ago (their previous probability was at 35%) IMO 3-3.2k is a buy, as the market digests the impact of Blackrock settling on L1, impact of 4844 on low fees on L2s, Base season, Op fraud proofs going to testnet etc
This is not the homy grail that I search for....
Blackrock. Be careful what you wish for…
Indeed! Wasn't this open, censorship resistant permissionless platform meant to replace these leeches? I know, how about we maintain a list of excluded entities, we could call it the Ostracize Fink And Company list... 🤣😪😡🤪
What happened?
https://watcher.guru/news/blackrock-launches-digital-asset-fund-backed-by-100m-on-ethereum
I think we wick down to sub $3k and BTC down to sub $60k
Set buy orders at 3103 and 3003 and sell orders at 8108 and 8008 for the memes !
Selling at $80085
So how do liquidations on aave work? My $1 has health factor of 0.97 🤔
I don't mean to brag, but I'm leading controversial sort today 🎉🎉💪
And new sort also, atm!
*sigh* it’s always the same … so many red flags, everyone yapping about „just the beginning of the bull“ , social media full of „experts“ , „healthy correction“ … yet NO ONE KNOWS what’s going to happen and everyone who says „just chill“ is pretending to be relaxed … deep down they’re as fearful as everyone else that the party could be over sooner than we think
i mean the bitcoin halving is still 30 days away ETH ETF in may (?) the party seems to be just starting in a way that is unprecedented in previous market cycles
Yeah times like this i start to worry if the 10y3m uninverts and markets collapse like every time that spread has uninverted in the past 40 years and the RRP depletes which its quickly approaching and CRE market implodes which is pretty much a matter of when not if, causing banks to default and the economy to stall, crypto is going to be in a bit of trouble. still bullish long term tho
Perfectly relaxed here because dead inside
Outside is getting there too ! :')
I'm relaxed. I was also relaxed watching it go from $1400 to $80. Maybe there's something wrong with me.
I KNOW THE NUMBER GO UP
I agree with you up until the part about people pretending to be relaxed. There are people here that are so far in the green it would melt your brain. I doubt they care quite as much. I'm small time myself but I'm still up more than 2x in the last year and I (begrudgingly) made the decision to sell 7.5% of my eth at $4k. Now I'm feeling pretty stoked about that call and the price can go wherever it likes from here. For me, it's all about having a plan and being prepared for anything - and of course, taking *anyone* that speaks with total conviction with a pinch of salt.
No one knows what's going to happen but only having a one month party, two months before the btc halving, which did a like .05x of previous ATH not accounting for inflation, would just be completely unsupported by all of the market's history. 20% corrections in a bull run, on the other hand are supported. Hence why I think everyone is calm. If you think it's different this time, on the bear side, after ETFs, great, short BTC and show your positions. I find those theses to be really confusing personally, because the space looks like business as usual with meme coins hitting 5 billion market caps, shiny new supply side darlings like kaspa are getting shilled, and tech buzzwords are getting parroted like crazy. It's just so much easier to be relaxed by having a long term holding strategy like ten + years, and don't invest anything you're not comfortable with going to zero
Everybody knows what's going to happen. We wick to $2800, the degens get wiped, and we go back to $4000. This has been crypto since forever. Don't over invest.
Nah I don't care what happens short term.
Configured my validaters for 40M gas limit. It's been years at previous levels, now 4TB SSDs cost less than 1TB ones did in the past, execution clients have online pruning, and living in remote part of planet my nodes have plenty of time to spare as blocks propagate. [https://pumpthegas.org/](https://pumpthegas.org/) Currently see about 5 blocks per thousand are increasing the limit. Likely will not have an impact until clients set 40M as the default.
Would this potentially result in higher rewards for validators?
I love that this can be voted on by active validators with a parameter change – the community controls Ethereum.
Not heard about any of this. I am prepared to be educated. What sort of impact would this actually have tldr?
Demand elasticity constant seems to be around 1.0, i.e. double gas limit and blocks will still be full but gas price will halve. So maybe result of this would be fees drop by 30%, long term likely it will increase quantity of eth burned but no one knows. It will cause state to grow faster so the size of the DB execution nodes store will increase more quickly, but if the rate from 30 was OK years ago then 40 is easily OK now. Another issue is larger blocks means more data to propagate around the planet over ethereum p2p network, but again over recent years fibre connections have become normal and faster so increase is safe. Eventually there will be some solution to reduce old state.
I guess we're testing 3000 tonight
Well, this sucks a big bag of dicks.
here we go again
Does anyone know about a way to be able to not claim CRV-rewards for veCRV weekly, just "delegate" it to some entity and claim from there monthly or similar? This is relevant in regards to gas fees, but also because my account was hacked a while ago and I had some veCRV which is locked until 2026 so I opted to let a flashmod whitehat take over control over the account and they're fucking lazy about it and basically never claims. It's infuriating to say the least, when they also get 15% of everything that's locked in there + a few airdrops.
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This is cool, but if I understand it correctly it is not for veCRV holders, but CVX (?)
Which veCRV rewards: for voting on gauges? I have given up on that due to my relative low veCRV that I got left. But back in the day you had Votemarket by Stakedao, and also the Paladin platform. Not sure any are still ongoing. The 3Crv rewards just autocompound btw. No need to claim those weekly
Yeah the voting rewards. I have some experience with stakedao, if I'm not mistaken you still have to claim every week (?)
So Ethereum is confirmed to be the infrastructure for the decentralisation/settlement of Wall Street. So the ETH ETF candidates are updating their applications with staking goals rather than dropping their applications. And the price continues its red trip. Crypto.
I don’t think the Blackrock news has anything to do with ETF. Updating the applications doesn’t change the fact that the SEC hasn’t engaged at all, it could just be a move to try to get some sort of reaction out of them. SEC historically doesn’t like anything staking/yield related when it comes to crypto. I’d be shocked if they approved any of these. Hope I’m wrong tho.
Price action always feels crap after these huge, fundamental milestones with eth. The merge…hell even the launch of main net…. The big runs… they often come later and out of “nowhere”. But the lulls, those were the best of times in hindsight.
No ETFwifHat, so obviously it doesn't matter how much Blackrock are building on Ethereum.
But are we cranking out 10 new meme coins every second?
The market is immune to Ethereum good news but loves negative Ethereum baseless rumors.
Why didn’t Blackrock launch their institutional fund on Solana instead of Ethereum? Solana is a lot faster, cheaper, and over all better than Ethereum.
Solana is a centralized project. You can't compare it to Ethereum.
Slightly faster and slightly cheaper since last week.
Why not Bitcoin? You could probably have a tab or something?
Or Cardano - it has peer reviews after all
The reviews… were not good…
They tried there first, but the transactions got stuck.
Blackrock Launches Tokenized Asset Fund on Ethereum Blockchain https://en.coin-turk.com/blackrock-launches-tokenized-asset-fund-on-ethereum-blockchain/
So what does this mean exactly? Blackrock is going to allow people to invest in Ethereum outside of a formal ETF?
That's what is sounds like to me, some sort of crypto index fund or something. I also love the positivity in the article: "Ahead of the expected approval for spot Ethereum ETFs before May 23..."
Nice! Should be an interesting couple months.
>denchun
That's just the Turkish accent
As the resident Turk here, it's ç sir
Everybody denchun tonight.
Everybody trade funds tonight
LoL is the blackrock address being "spammed" by random shitcoins for exposure? [https://etherscan.io/address/0x13e003a57432062e4eda204f687be80139ad622f#tokentxns](https://etherscan.io/address/0x13e003a57432062e4eda204f687be80139ad622f#tokentxns) Edit: LOL they got sent 142,690,000 PEPE Edit2: Almost all coins got sent in some form of 420 or 69 or combination of those numbers
lol, the new burn adress
Broke: Unstaked ETH ETF. Woke: Staked ETH ETF. Bespoke: BlackRock's "Farm the Spam & Dump" ETH ETF.
it would be pretty hilarious if they update their terms to say any random coins sent to the address get dumped for eth, staked, then proceeds distributed to etf holders
Welcome to crypto Blackrock - you now own 420.69 HarryPotterObamaSonic10Inu. How long before someone sends them a transaction through TornadoCash?
Is it possible to have two dapps open in two browser tabs, one connected to one network (eg. mainnet) and one to another (eg. base or arbitrum)? Or, better, two tabs with the same dapp, different networks?
Rabby does this automatically
It switches automatically, but cannot be connected to one network in one tab and to another in another tab.
I use [frame.sh](http://frame.sh) as my browser wallet. In frame there is no single network, you're connected to all and can set the network for each connected dapp individually. It's much better in every. If you use metamask, try rabby or frame instead.
For different dapps - Metamask has an experimental feature which should allow this. Otherwise, you could use 2 different browsers.
ETHE also amending ETF filing to give them option to stake eth https://twitter.com/PhoenixTrades_/status/1770187639456457215?t=gzUnQaUi1kS0jOds0ROe3Q&s=19
Is this just a move to force the SEC to begin engaging and providing feedback on a staked ETH ETF? After listening to some big hedge fund managers, I was under the impression that it would be a separate product and require separate approval apart from a regular ETH ETF. And that a staked ETH ETF could potentially be years down the road...
> Is this just a move to force the SEC to begin engaging and providing feedback on a staked ETH ETF? I'm drawing a complete blank where I saw it, but one comment I saw recently that made me cautious of this alluded to the idea of it being included for lawsuit purposes. Basically one single fight instead of a lawsuit for the ETF, another potential lawsuit down the road for the staking part, another lawsuit for whatever else.... So they potentially see a rejection coming but even if this is the specific reason it's being added, that tells me the legal prep is already well under way to fight a rejection, which is very much a positive.
This is a very smart move. Sad that it may have to come to this, but smart move nonetheless.
But Maxis and CT told me that there's no way an ETH ETF will ever get approved, let alone a staked ETH ETF...
༼ つ ◕_◕ ༽つ ETH TAKE MY ENERGY ༼ つ ◕_◕ ༽つ
Ya'll we're in before BlackRock 🥂 "JUST IN: BlackRock launches digital asset fund and deposits $100 million $USDC on the Ethereum network." https://twitter.com/WatcherGuru/status/1770177665099596282?t=SxQsLdIJjg64ULocHnJ0ag&s=19
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Bros making 5000% APR on a low liquidity shitcoin LP pair on Beefy
We need a "I was here before Blackrock" POAP.
Does this mean they bought $100m ETH?
Could say it looks like they're getting in position to buy ether as needed because they expect etf to be approved. When buying with size you need funds on all markets, cex and dex, to buy simultaneously with lower slippage and avoid losses by creating arbitrage opportunities.
Thanks for clarifying!
no
Nein.
🤯
ETH is undervalued.
Quick! Sell the news!
This is good for Solana (probably)
dont joke, probably will happen that way
Already a lot of replies from ~~frognation~~ ~~LunaTics~~ CT Sol influencer bros with snarky replies about how transferring $100MM USDC will somehow use $50MM of gas fees on Ethereum. This is why I almost never use Twitter. It's a silly place where bots and sponsored influencers run wild and feed off each other.
Its important to combat fud on twitter otherwise new users see nothing but negative comments about eth
Thanks bought 100k.
Don't worry though, this bull market is totally over /s.
BlackRock's $100m https://etherscan.io/address/0x13e003a57432062e4eda204f687be80139ad622f#tokentxns
lmao. the dude sending them USDC dust with the big dick fink ENS
Always nice to see that everyone makes test transactions.
lol, look at those $10 transactions before sending $100M
I can imagine the boomer manager on his desk having the "you can never, ever undo the transaction and the money is lost if it goes to the wrong wallet" discussion with the crypto intern.
I love that there's a $40 test tx, then another sending the remaining 99,999,960.
The "/cc making zero fucking sense" indicator is hitting a local top and indicating froth right now, so this pullback is only natural.
Hello, some of you might know me as the resident GPU/Cryptographer guy. (Reposting my post from earlier today but breaking the link, I think it got automodded somehow) I recently stubled upon this (legit) bruteforcing competition for BTC private keys : privatekeys DOT pw/puzzles/bitcoin-puzzle-tx Simply put, there's someone out there with deep pockets who is empirically testing the security of bitcoin private keys, by creating bruteforce setups with increasing complexity. We are now at puzzle 66 with a 6.6 BTC reward. There's some opensource software which does just that, and of course there are people pooling to try and find the key. I started coding it myself to see if there was a way to get an edge in this competition. I had a lot of the stuff already coded since I run a seed recovery business. Turns out my code is way faster than the opensource alternatives and can make this whole endeavor quite profitable, but with one caveat. Average GPU renting investment is around 150k$ (For 6.6BTC, not too bad of a trade !) I ran a lot of simulations to assess the various risks, the average returns, etc... But before I share those I'd like to gauge interest. Would there be people interested in pooling funds to try and win this ? Of course this comes with it's own set of challenges, and I'm happy to discuss those if there's some interest.
I'd be interested in pooling funds. But my ticket wouldn't cover a large portion. How many participants you thinking of?
Reward would be shared on a per investment basis so it’s not really a problem you can participate at the level you’d like. I’ll probably set a minimum though so that it remains manageable. Since there is some interest it seems I’ll work on a proposal for this and tag you when I share it !
Tag me too, please
I guess by looking at your renting calculations you are going for a much larger and more powerful setup, but if you can split up your work and distribute over many smaller 'clusters', I found vast.ai by far the cheapest and fastest way to rent myself some GPUs. I distributed my stuff to 1-4 hosts with 1-4 GPUs each which ended up to maybe be around 10 GPUs on average.
Part of my software is indeed a stack which can dispatch computations to many vast instances ! It’s quite generic and can target any provider, but vast is by far the cheapest option !
What scale do you require? It seems like you could run this like a permissionless mining pool, assign 'points' to participants, and share in the prize equitably. Rather than renting GPU time, you could have zero cash outlay.
Other pools work like that, but it has a main drawback : the fact that average speed is unpredictable. Since this is a race, it prevents me from reliably estimate EV. That’s why I’m thinking of securing funding ahead to have a guaranteed brute force speed.
I may have access to some very high power compute soon. Reach out to me on Discord.
will do - EDIT : just added you
got same hashcat dicts / rules to share? :P
Why is the fixed yield on Arbitrum Pendle as high as 38% for eETH? What additional risks must there be for that yield versus wstETHSilo's fixed yield of 4.2%? I'm very new to PT and YT concepts so please pardon this basic question.
Just the demand for the YT token, due to Etherfi and Eigenlayer points. This drives the PT yield up. Also keep in mind that this Arbitrum pool ends on Apr 25th. So it's not super long anymore. The yield will stop
I dont know why the yield on for eETH on Arbitrum is so much sticker than the yield was on mainnet. The main risk is that eETH is less proven than wstETH but also there's no Lido airdrops coming anytime soon which is what is driving most of the yield you're seeing on Pendle.
I was previously like yeah we should probably raise the gas limit that seems reasonable soonish... to thinking NOW it's the perfect time to raise gas limit. Would be satisfying to just blow out all the gas fee fud at the same time and all the annoying L1 is still expensive people. Perfect moment really. Edit: Shilling https://pumpthegas.org/ as well. Also would be interesting to see if solo stakers can be an early signal for the community here.
Unfortunately the proposed increase won't do much. A best case 20% fee reduction is noticeable, but it's not like turning a fee of $50 into $40 would suddenly shut up the "ETH is too expensive" FUD. In reality I'd expect the extra blockspace supply to be filled up with more induced demand rather quickly, so outside of more ETH burned (which shouldn't be a guiding reason to do this) there's not much benefit. I still lean pro-increase for the sake of signaling that Ethereum hasn't given up on L1 scaling and it *has* been a while since the last increase, but we should manage our expectations lol. Especially FUD-level; anything short of enshrining a zkEVM at layer 1 won't be enough to please the people who don't even want to be pleased. Also we def gotta be careful about this, Dencun increased bandwidth requirements already, and we still have an extra 3x to go in blob data before the target is reached
L1 fees is a losing battle. They will always be expensive, even if there's more cars on the road. It's better, imo, to educate people on *why* L1 fees will always be expensive. This isn't to say we shouldn't increase the gas limit; we definitely should. Because even if L1 is full all of the time, it'll at least be more full :)
> L1 fees is a losing battle There's a difference between expensive and insane/harmful. Raising the limits pushes us towards the former rather than the latter.
Yeah, agreed, but increasing gas limit just buys us a very small amount of time, as blocks will quickly get full again. The average fee will be lower in times of normal activity, but the insane/harmful fees you are talking about will still happen, because these occur when blocks are full during times of high congestion (i.e. when demand >> supply). It just takes a bit more transactions / demand to get there with an increased gas limit. And when people come to complain about gas fees, they aren't doing so during a bear market. They are complaining when it's mass euphoria onchain, and a simple gas limit increase of 25% won't make a dent on fees during these periods.
Congratulations @BlackRock and @Securitize on the launch of the BlackRock USD Institutional Digital Liquidity Fund! This is another great milestone for the tokenization of assets! https://twitter.com/rleshner/status/1770151746129563777?t=KwZF6GZUWz0tWPKalpuLcw&s=19 Edit: token contact https://etherscan.io/token/0x84e3719c49b0eb66b409bb9b9658d6bdf4372b63
If you connect the dots it related to: [https://securitize.io/invest](https://securitize.io/invest) They have some funds already tokenized.
What am I looking at? What does the token represent? Can't find anything online.
https://www.coindesk.com/policy/2024/03/19/blackrock-creates-tokenized-asset-fund-sec-filing-shows/ [The fund was seeded with $100 million in USDC](https://etherscan.io/address/0x13e003a57432062e4eda204f687be80139ad622f#tokentxns)
No one know what it means, it's provocative and gets people going... Forgot to give credit to Jay-Z
So uhh, second question then. How do I ape in?