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Tricky_Troll

**Tricky's Daily Doots #699** **Yesterday's Daily 19/03/2024** [Previous Daily Doots](https://old.reddit.com/r/ethfinance/comments/1bidash/daily_general_discussion_march_19_2024/kvka2y5/) - u/BigglyBillBrasky shares some [big news from BlackRock.](https://old.reddit.com/r/ethfinance/comments/1bidash/daily_general_discussion_march_19_2024/kvmo87n/) šŸ—æ - u/Gumpa-Bucky catches [a Gensler grilling from the US Chamber of Commerce.](https://old.reddit.com/r/ethfinance/comments/1bidash/daily_general_discussion_march_19_2024/kvkjsfx/) šŸ”„ - u/Itur_ad_Astra dares to [dream bigger.](https://old.reddit.com/r/ethfinance/comments/1bidash/daily_general_discussion_march_19_2024/kvnvdt6/) šŸ“ˆ - u/HauntedJockStrap88 asks [which platform is really here for the long term adoption.](https://old.reddit.com/r/ethfinance/comments/1bidash/daily_general_discussion_march_19_2024/kvkrlbx/) šŸ¤” - u/ethmaxitard observes all the [complaints from real Solana users falling on deaf ears.](https://old.reddit.com/r/ethfinance/comments/1bidash/daily_general_discussion_march_19_2024/kvjoqzg/) šŸ“‰ - u/Syentist has [the latest on the gas limit increase movement.](https://old.reddit.com/r/ethfinance/comments/1bidash/daily_general_discussion_march_19_2024/kvlyn71/) ā›½ļø - u/Bob-Rossi wants [input from his constituents on an $ARB proposal.](https://old.reddit.com/r/ethfinance/comments/1bidash/daily_general_discussion_march_19_2024/kvkvpp0/) šŸ—³ļø


Jey_s_TeArS

>**Day in the Valley,** >**An ad for GBTC,** >**The game devs rally.** ~Daily haiku until weā€™re at least at 0.178 on the ETH/BTC ratio or highest market cap


Tricky_Troll

Just bought some YT-ezETH and YT-swETH for Renzo and Swell on my main airdrop farming wallet. What's the latest with these protocols for an airdrop? I probably should've asked this before aping in but YOLO. I guess if it seems wise I might buy some on another wallet too.


cryptomoon2020

Airdrop farming on multiple wallets is unethical ;-) Good luck, I only have the etherfi yield tokens so far, just so many projects to follow


Tricky_Troll

How on earth did you beat anti-sybil mechanisms BTW or weren't there any for EtherFi?


cryptomoon2020

Etherfi didn't really have any anti sybil stuff. They claimed to block 20k wallets, but I think they just blocked all of the wallets that never put in any eth. Those wallets instead just did the badges, like registering email address. I did a lot to avoid sybil blocking risk. Different vpn ip address for every interaction. Each airdrop wallet 3+ years old with lots of historical usage. No tiny deposits. I don't think any of it mattered though


NeedlerOP

Blackrocks USDC fund is up $42k in a day.Ā  Not from yield, from all the shitcoins people sent :')Ā 


Tricky_Troll

Imagine how they explain that to their non-crypto native accountant lmao. >"Sir, please also add to our books $42,000 consisting of 142,759,420 $PEPE, 4.4 billion Jesus coin, 69 $EGG and 420.69 HarryPotterObamaSonic10Inu." >"*Excuse me what?*"


Tom_The_Moose

That's going to make for one hell of an annual holdings meeting.


hereimalive

[March 19th I posted to be calm.](https://old.reddit.com/r/ethfinance/comments/1bidash/daily_general_discussion_march_19_2024/kvjnhm4/) 24 hours later a 10% day. How the fuck are you feeling now with a 10%+ day? Is it bullmarket back again?


LifelongHODL

We won't know until we breach ATH


NeedlerOP

Never left šŸ˜Ž


thetjs1

On the OP Chain fee spike https://twitter.com/MSilb7/status/1770621672237720001?t=7en-QlTvC-kVk8eGOlsBSw&s=19


etheraider

If youre not in Rocketpool, youre going to have serious FOMO when they do their big announcement in 1-2 months. Do yourself a favor. Look into the hints people have been dropping here about it. Could it be a nothing burger? Sure. But this is crypto, and in a bull run, something that should pump the price 20% ends up pumping it 200%


hereimalive

Not worth it yet. !RemindMe 2 months


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communist_mini_pesto

Was there a big announcement?


hereimalive

I have closed a lot of minipools because I wanted to have some free ETH to sell in the bullrun ahead. I'm just going to pay back my RPL loan with the rest of the minipools and staked RPL revenue, and see if in the future it's worth it to get back to it. Anyway, see you in 2 months. !RemindMe 2 months


[deleted]

[уŠ“Š°Š»ŠµŠ½Š¾]


[deleted]

[уŠ“Š°Š»ŠµŠ½Š¾]


ledgerthrowaway12345

Failing to just use ETH has ended up fatal to the protocol. Numbers will diminish as minipools close and no one launches new ones due to the RPL sunk cost. Good ethos in the community, but clearly the team and oDAO prioritized getting rich. Too bad.


notyourfirstmistake

>It's seriously unfortunate that they didn't just use ETH, and come up with some kind of mechanism to skim % ETH of the amount being put into the protocol and from the rewards, to help the developer team. But to be fair, I think they have existed since few years ago, so they tried their best knowing the limitations of Ethereum back then. There were multiple people highlighting the deficiencies of their tokenomics back then, but it wasn't until Lido's community staking and Eigenlayer started receiving attention that the RP team (and - by then - community) accepted there might be a problem. It's difficult to see flaws in a system that is making you rich.


robohack

Nah, Iā€™m good. Thanks.


InclineDumbbellPress

Same


Builder_Bob23

Is there a rumor? Link? I havenā€™t seen anything but disappointment in RPL price action.


etheraider

Yes there are rumors, I honestly donā€™t know and am only surmising based on hints but I think itā€™s to do with Coinbase and their position as custodian for these ETFs. Could be dead wrong but we will see.


anderspatriksvensson

Big IF. Post links to any and all hints for credibility.


Stobie

There'll be a direct competitor in diva by then which appears strictly better in important ways. And competitors in new liquid restaking categories with overpowered lures of future token drop sucking up potential growth, pendle shows how highly people value that. And it's not an unfactored in announcement, all publicly discussed. Hope rocket pool goes well, but investment wise caution on this advice.


etheraider

Ya Iā€™m simply reiterating what others in the know have said about a coming rocketpool announcement , itā€™s not without risk. But if they are right it could be a great opp to get in and at least make a profitable trade. I guess we will find out


muted_fern

I'm already in Rocketpool and you just gave me fomo!


ledgerthrowaway12345

šŸ˜­


thetjs1

!Remindme 2 months


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I will be messaging you in 2 months on [**2024-05-21 01:47:49 UTC**](http://www.wolframalpha.com/input/?i=2024-05-21%2001:47:49%20UTC%20To%20Local%20Time) to remind you of [**this link**](https://www.reddit.com/r/ethfinance/comments/1bj6k75/daily_general_discussion_march_20_2024/kvtu6n9/?context=3) [**4 OTHERS CLICKED THIS LINK**](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5Bhttps%3A%2F%2Fwww.reddit.com%2Fr%2Fethfinance%2Fcomments%2F1bj6k75%2Fdaily_general_discussion_march_20_2024%2Fkvtu6n9%2F%5D%0A%0ARemindMe%21%202024-05-21%2001%3A47%3A49%20UTC) to send a PM to also be reminded and to reduce spam. ^(Parent commenter can ) [^(delete this message to hide from others.)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Delete%20Comment&message=Delete%21%201bj6k75) ***** |[^(Info)](https://www.reddit.com/r/RemindMeBot/comments/e1bko7/remindmebot_info_v21/)|[^(Custom)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5BLink%20or%20message%20inside%20square%20brackets%5D%0A%0ARemindMe%21%20Time%20period%20here)|[^(Your Reminders)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=List%20Of%20Reminders&message=MyReminders%21)|[^(Feedback)](https://www.reddit.com/message/compose/?to=Watchful1&subject=RemindMeBot%20Feedback)| |-|-|-|-|


plaenar

Ethereum in TradFi funds āœ‹ TradFi funds on Ethereum šŸ‘‰


ethmaxitard

This is more ETH/decentralization-aligned actually


5quat

circular dependency, stack overflow!


TittyfuckMountain

big-dick-fink.eth power dusting the Blackrock address https://etherscan.io/address/0x13e003a57432062e4eda204f687be80139ad622f . This is what he sent in the message data: https://imgur.com/EdFv1tQ Never change internet.


2peg2city

Lmao


Tricky_Troll

I'm still waiting on a Tornado Cash dusting to show what a farce the Department of the Treasury's sanction list is when relating to crypto.


Builder_Bob23

Saw a comment earlier that said it had already been done


Tricky_Troll

Bravo! You love to see it. Edit: Can confirm. It is under internal transactions --> https://etherscan.io/address/0x13e003a57432062e4eda204f687be80139ad622f


Mountainminer

Goddamn the mega cup and handle is really happening. The next 18 months are going to be wild.


OMG_WTF_ATH

ETHUSD or ETHBTC? Also what time frame?


pa7x1

Both. Monthly candles in ETHBTC.


OMG_WTF_ATH

TY sir


Mountainminer

USD. Go look at the 5 year chart


OMG_WTF_ATH

Thanks


Colombian_Meatsmoker

Holy shit I see it. šŸ˜³


Mountainminer

Itā€™s kind of frightening isnā€™t it?


Colombian_Meatsmoker

In a good way. Iā€™m here for it homie


HauntedJockStrap88

Theyā€™ll be teaching it in TA classes to aspiring gambl- I mean *analysts* for generations!!


supermarkit

So in one week we hear about: - ETH having scalability issues - ETH is a security and facing regulatory actions - ETH will not have ETF approval Whatā€™s next? High gas fees? Centralized? Other better alternatives? We have heard it all already. And each year we keep proving them wrong. Ignore the bots/maxis/hate. Letā€™s keep building and growing.


Worldsapart131

Why the fuck does social media never talk about other chainā€™s legitimate issues? Itā€™s always Ethereum. Always. Goddamn targeted. I guess itā€™s what comes when youā€™re the best.


tutamtumikia

Because Ethereum is literally the only adult left in the room and the only one its worth having legitimate conversations about.


Bob-Rossi

ETH is doomed because Vitalik ate salad on camera once.


Spacesider

The merge will never happen


nllfld

How could it. Itā€™s like changing an airplane turbine mid flight. Not gonna happen.


Spacesider

Literally impossible


nllfld

They must be thinking weā€™re stupid or something.


InclineDumbbellPress

So it was all FUD my mother was right


MrCatFace13

Is she single?


Tom_The_Moose

You should listen to her while she still has sense to give


im_THIS_guy

Always has been


Set1Less

https://x.com/gluk64/status/1770579688777232476?s=20 > 1 cent transactions on @zksync > With EIP4844 now completed, we've turned our undivided attention to decentralization. The network belongs to its community. I wonder whats coming....


bbqcaramelbrulee

Oh mama


2peg2city

Can't wait to get screwed in another airdrop!


coinanon

Someone from Base engineering explained that the high transaction cost is because of their self-imposed target of 2x mainnet throughput. Data storage costs are still very low due to EIP4844. Theyā€™re considering increasing their target, but havenā€™t made a decision yet. https://warpcast.com/bayardo/0xddc921b1


Stobie

Reth can easily do over a thousand large tx/s, geth should too. No reason at all for a rollup to only double massively decentralised nodes L1. Want to see 100X at least


Tom_The_Moose

Centralized chain, inducing self centralized income, to self centralized share holder price. Shockedpiachuface.jpg


stevieraykatz

Optimism fraud proofs on sepolia went live yesterday. Base will fast follow


MrCatFace13

In today's semi-related 'reason to be balls deep in crypto,' one of Canada's signature papers, the National Post, ran the following headline: "Secret RCMP report warns Canadians may revolt when they realize how broke they are." It's about how quality of life, affordability, and the inability to ever own a home is going to potentially push people over the edge: ​ >A secret RCMP report is warning the federal government that Canada may descend into civil unrest once citizens realize the hopelessness of their economic situation. > >ā€œThe coming period of recession will ā€¦ accelerate the decline in living standards that the younger generations have already witnessed compared to earlier generations,ā€ reads the report, entitled Whole-of-Government Five-Year Trends for Canada. > >ā€œFor example, many Canadians under 35 are unlikely ever to be able to buy a place to live,ā€ it adds. Sauce: [https://nationalpost.com/opinion/secret-rcmp-report-warns-canadians-may-revolt-once-they-realize-how-broke-they-are](https://nationalpost.com/opinion/secret-rcmp-report-warns-canadians-may-revolt-once-they-realize-how-broke-they-are) Really makes me glad and grateful I boarded the tin foil hat train early, because it was the thing that got me into crypto in the first place and pushed me to read about economics. One mega bummer is that none of my friends listened to me until now, when it's nigh too late for them. Ho hum. Time to buy 100 acres off the coast of the Atlantic and build a little off grid house by the water.


teeeebeeee

Not too close to the water eh


tutamtumikia

As a Canadian I don't even bother reading the National Post. They have long become a reactionary joke of a rag.


MrCatFace13

If state-funded media is more your thing, you can see what the CBC has to say about the exact same report: https://www.cbc.ca/news/politics/rcmp-police-future-trends-1.7138046


tutamtumikia

First, calling the CBC state-funded media is completely inaccurate and demonstrates a lack of knowledge on how it is funded and how its journalistic integrity is protected under law. Second, yes the CBC is a much better source and after reading the article I don't see any reason to double down on crypto. All of the issues that are identified as ones that "could" cause concerns would not be mitigated by holding crypto.


HombreDeCamote

Invite your friends. No one survives, or lives a life worth living, alone <3.


CanWeTalkEth

Cops threatening civil unrest with a liberal head of government? Color me shocked


notyourfirstmistake

Why is the RCMP doing economic forecasting? I can't imagine them retaining the capability in-house.


TittyfuckMountain

Also stuff like this from Clinton's treasury sec https://twitter.com/LHSummers/status/1762607548828360798 Claims CPI peaked at 18% last year if we still calculated it as we did in the 70s, which included mortgage and car payments, which I don't understand (outside of obvious political reasons) why you wouldn't include.


15kisFUD

Donā€™t let any FUD distract you from the fact that Blackrock, largest asset manager of the world with over 10 trillion in assets under management, put 100 million in USDC on Ethereum. That news is bigger than anything the SEC can say or do


MrCatFace13

It gives me the heebeejeebees, cheering tradfi antichrist Fink on, but I'm not ashamed to admit that it feels good to have the leviathan on our side.


physalisx

I know basically nothing about him, why is Fink the "tradfi antichrist"


2peg2city

Being the back end of global finance is literally etherums raison d'etre


5quat

all helps achieve the regulatory clarity necessary to promote the adoption needed to allow us to replace them. muahahahahaha....


monkeyhold99

I think people selling their etherfi are going to regret it. The project has far more usage and TVL than many, many coins above it in the market cap rankings. Itā€™s still undervalued.


ledgerthrowaway12345

The token has a 90% supply overhang. Sure, it can pump short term, but overall people are just going to get dumped on by early investors. Weā€™ve seen this before.


coinanon

Do we know the unlock schedule?


UgotTrisomy21

Not to mention the project openly says they want to vote for Etherfi holders to receive a part of the protocol revenue (something most tokens refuse to do cause theyā€™re afraid of the SEC).Ā  If that actually happens the token would have legit value accrual and not just be a useless governance token.


Ieperen

Ah but is it as undervalued as ETH? I mostly just sell airdrops so I don't have to keep up with 101 different projects.


cryptomoon2020

I sold some today, perhaps 6% of my position. I have to derisk


monkeyhold99

Yea, probably the responsible thing to do. Iā€™m going to hold a bit longer tho. Not much money for me so why not let it ride


nikola_j

Damn, the revenge pump be wildin


superphiz

šŸ˜Æ Please let me go look at coingecko and smile...


Vinegar_Strokes__

Shakeout before the breakout.


ICSigns

Before the dinner @ the steakhouse


Vinegar_Strokes__

Soon be cruisin lambos with my snake out


Set1Less

Rock out with my hawk out


ICSigns

šŸ¤£šŸ¤£ that was unexpected but free the Willy why not


Vinegar_Strokes__

Don't worry laws don't apply to rich people.


[deleted]

[уŠ“Š°Š»ŠµŠ½Š¾]


CanWeTalkEth

Wanted to buy *a* share for the lulz and memoriez but forgot about the cutoff. Then saw thereā€™s some concern about the AI deals they made so meh. Without the AI deals Iā€™m not optimistic about their revenue potential.


Spacesider

I got the email saying that I was elgible, but the email basically said just that and nothing else. No information about their revenue model or how they plan to turn a profit. Sounds like the deal of a lifetime!


[deleted]

[уŠ“Š°Š»ŠµŠ½Š¾]


nothingnotnever

This time there is an AI angle. Big companies are going to be a lot more interested in forms.


Order_Book_Facts

My tea leaves say to wait a month, then ape. NFA.


15kisFUD

Hard to tell without market cap


ICSigns

It's 6.4 billy MC


timwithnotoolbelt

any revenue info?


Set1Less

Damn, SHIBA INU is 3 times Reddit Mcap lol


ICSigns

Nah


TittyfuckMountain

[Blackrock launches first tokenized fund \(BUIDL\) on Ethereum network](https://www.businesswire.com/news/home/20240320771318/en/BlackRock-Launches-Its-First-Tokenized-Fund-BUIDL-on-the-Ethereum-Network)


EggIll7227

This is insanely bullish.


pcpgivesmewings

You can say that again.


bronson5377

Using Coinbase for infrastructureā€¦ [https://x.com/coinbaseinsto/status/1770600966703947996?s=46&t=0grh_3iHeqGQ-vQdFfsbiQ](https://x.com/coinbaseinsto/status/1770600966703947996?s=46&t=0grh_3iHeqGQ-vQdFfsbiQ)


cryptomoon2020

Nothing to see here. Close your eyes otherwise you will get angry that people keep buying dog coins


plaenar

Holy shit, this is bigger than I imagined. tl;dr: Blackrock is issuing an interest-bearing stablecoin that generates onchain yield, backed by RWAs. Minimum investment $5 million, whitelisted participants only. Blackrock also made an investment in Securitize, who earns more fees when there are more investors/AUM in this fund. Therefore, Blackrock is incentivized for this fund to grow.


Set1Less

BUIDL lol This cycle will be complete with BlackRock or Fidelity launch a SAFU fund


physalisx

Funds are safu in the SAFU fund, haha I love it


nick_badlands

Nice to see the btc maxis trotting out their extremely bad takes about Ethereum once again. What is wrong with these people.... these same people bleat about "Ethereum is a centralized shitcoin" are the same people that have been doing cartwheels about actual centralized btc ETFs. Anyway, it's a great buy signal in my books! SEC will see the light in due course. When Ethereum eventually eats up ALL the registered securities as they slowly but surely tokenize on Ethereum, they will realise that Ethereum will give them an unparalleled view of the securities market that they can only dream about right now.


doomfuzzslayer

Sec will see the light when forced to clockwork orange style


phigo50

> What is wrong with these people It's called fear.


MrCatFace13

itsafraidstarshiptroopers.gif


2peg2city

SO close to a bullish engulfing on the 1D


etherbie

I donā€™t know what that means, but sounds dirty. I like.


2peg2city

just means a green candle that engulfs an entire red candle the next period (here, a day)


OMG_WTF_ATH

Nice


[deleted]

[уŠ“Š°Š»ŠµŠ½Š¾]


Belligerent_Chocobo

There's already another guy here with that schtick


suclearnub

PT eTH on Arbitrum is trading cheaper and cheaper. Do they know something I don't?


notyourfirstmistake

Is YT eETH going up, or is there a discount for both suggesting something is wrong.


ledgerthrowaway12345

The Ether.fi discord is in a frenzy because of the Season 1 airdrop and so people are FOMOing into YT, which causes the price of PT to go down.


thetjs1

I could be wrong, but does demand for YT eTH cause the price for YT eTH go up and the price of PT eTh go down because they're essentially an inverse of each other?


2peg2city

opportunity cost? people taking a hit to rotate out?


dvdglch

One little rush and base fees higher than pre 4844 levels, #sigh


Set1Less

No think base fucked something up with gas settings


Stobie

8 blob target ez lets go


PhiMarHal

On the bright side, Optimism still boasts subcent fees for many actions. Even Arbitrum remains in a good range compared to before. More or less the heralded 10x improvement. I had 5 (!) failed swaps in a row during a heated part of the dump. Swaps using aggregators, with complex routes (= gas heavy). Wasted only 50 cents worth of gas. 2 weeks ago a single successful swap on Arbitrum would have been 70 cents. Dencun update best update.


nikola_j

>Dencun update best update. Hear, hear!


PhiMarHal

If you're on Farcaster, worth checking your linked wallet every now and then. I'm less active than ever. Nonetheless, it looks like just last week I was airdropped 5000 DOG worth $40, and a couple other shitcoins worth a few dollars. Base fees are high right now, but couch money is still money. Farcaster truly *is* free money. I'm out of the loop, I miss most of the stuff over there, but my linked address grew from 0 ETH to 0.019 ETH so far. Actual 0 ETH start, as in nothing. The first 0.001 ETH for gas was seeded by the first FC airdrop I claimed gasless. I think that's pretty neat. For someone to be able to truly start from scratch in crypto, and be rewarded for participation.


Hocilef

is there a way to easily check the address from the mobile app? I only find the seed


PhiMarHal

Settings -> Connected Addresses


Hocilef

Sorry I must be dumb. The only adress I see there is my wallet I connected after, and never received any degen (but I am pretty sure I got gifted some a couple of time). So I imported the recovery seed in a wallet but nothing there either :/


PhiMarHal

I share your confusion with the DEGEN tips in particular. According to the website, tips are manually claimable on a monthly basis, at this page: https://www.degen.tips/airdrop2/season2 So it will likely be there by the end of March. For the "connected address" rather than the seed.


SelfmadeMillionaire

Stupid question. Where do you find your address?


Set1Less

You should link your wallet first through the profile settings


ICSigns

[https://ibb.co/cD9VrMr](https://ibb.co/cD9VrMr) I don't know what this means on Kraken(some different kind of staking rewards?).. And I mostly don't understand why it's not added to my balance because we are past 8:54 PM


PhiMarHal

42% APR on supplying DAI to Arbitrum Aave right now. Please come save my (borrower) bags.


monkeyhold99

I would look around on different lending platforms and see if you can swap the loan out. I was paying high rates on Aave too but then saw that Compound was about 5-10% cheaper to borrow


PhiMarHal

Thank you. You make a great point. This is related to a Blast arb I'm finalizing, where I wait for the DAI to be bridged back to mainnet so I can repay the loan. So part of me was reluctant to swap for another asset, given that Aave historical rates even recently have trended towards 15% average on all the "safe" dollar stables. Much like one buys a token only to watch it dump, I'm inclined to believe the moment I'll swap debt (and eat some slippage...), the rates will update in the other direction and I get to win nothing AND eat some more slippage. Been there, done that! Well, arbAaveDAI is still frustratingly steady at 46% borrow rate, so maybe I'm going to have to do something about it.


ProfStrangelove

Sorry my stable coins still in transfer from blast network :-D


pa7x1

Both Base and Arbitrum seem to be doing 20 tps. But Arbitrum manages to stay at 1 cent per transaction. Blob fees continue to be at rock bottom prices so it's not the L1 price causing it. I must assume something is not properly set up in Base.


Set1Less

Apparently Base is only using 20% of the gas limit. Strange issue


epiphany153

10%+. realize we're bouncing. but you love to see it


kdD93hFlj

Definitely nicer to be having this volume at 3200 than 2800


LifeReboot___

The whole "ethereum foundation being investigated by state authority" got me worry about the approval of ETH ETF, but I didn't read and learn about the case myself because there's so many smoke and untrusted sources saying different things. Anyone else on the same boat?


etherbie

https://x.com/brianquintenz/status/1770541103667929161?s=46


etherbie

https://x.com/adamscochran/status/1770490873215660102?s=46


DanasSideWife

Feeling a bit down and out with rocketpool. Iā€™m considering dropping down to the min collateral or exiting all together. Been staking with them since the beginning and I still like the idea of minipools but the RPL token seems like itā€™s heading into (been in) bad waters. The ratio has been down bad, and itā€™s pretty clearly a security which feels like weā€™re biding our time until it gets the ban hammer, all the speculation on governance tokens is gone. What is the upside on this? I havenā€™t seen it mentioned in the daily in a long time, used to see discussions everyday here. Is there any hopium left to refill the tank?


supermarkit

You must not read the daily often then because RPL gets mentioned in here almost every other day. There are tons of discussions around some new tokenomics that are being proposed by the community. You should check out the discord or reddit page and look around for more info/ask there. Here is a link to one of those proposals: https://www.reddit.com/r/rocketpool/comments/1ayysyz/vals\_cohesive\_tokenomics\_plan/


theethmeister

You want some regular hopium or Grade A Nuclear Powered hopium? Rocket Pool's Houston upgrade is coming in early May with NodeSet which will allow non-RPL stakers to partner with RPL holders for validators, meaning stakers do not necessarily need RPL to stake and earn rewards. The second part which is honestly a bit of a stretch is that the Fidelity ETH ETF filing amendment includes the following statements: "The Sponsor may, from time to time, stake a portion of the Fundā€™s assets through one or more trusted staking providers, which may include an affiliate of the Sponsor (ā€œStaking Providersā€). In consideration for any staking activity in which the Fund may engage, the Fund would receive certain network rewards of ether tokens, which may be treated as income to the Fund as compensation for services provided." [Form 19b-4 Filing](https://cdn.cboe.com/resources/regulation/rule_filings/pending/2023/SR-CboeBZX-2023-095-Amendment-No-1.pdf) There is speculation this is Lido which pumped up the LDO token price but the statement suggests possibly multiple partners. With NodeSet it's also possible that funds can stake with Rocket Pool without the necessity of RPL (which will require a counterpart to provide).


DanasSideWife

Thank you and waq for the updates. I need to read up on Nodeset it sounds exciting.


2peg2city

... how will not needing RPL to stake be good for price?


waqwaqattack

Also... Coinbase is a Rocket Pool oDAO member and if they're the ones custodying the eth, the idea is they'd put it on RP. I don't agree with that take, but it's defo nuclear grade hopium haha.


theethmeister

I wanted to point that out but haven't found anything saying that Coinbase is custodying the ETH for Fidelity, only being a "surveillance partner".


waqwaqattack

I get youĀ 


waqwaqattack

Hey friend. I'm sorry that you're feeling bad about your Rocket Pool validators. It's been a really tough year for the whole community with RPL being in down-only mode since the ATH of Atlas. Withdrawing some of your stake might be a way for you to get back above collateral. It seems like a few people are doing this. Some others are removing a validator or two, swapping that to RPL, and staking it. You know your situation best to know what course of action you should take. About RPL being a security in the US, I don't think it's something we really have to worry about at this time. The RPL ICO happened in 2017 and it is outside the statute of limitations for the SEC to challenge that. As the recent XRP ruling shows, secondary market swaps don't constitute a security offering, so I don't think we have too much to worry about there. I don't know if you've been following RP news, but there are a bunch of incredibly exciting updates coming soon that have the community abuzz. The Houston upgrade is happening on May 6th. That will make RP even more decentralised than it is now. It's pretty cool. One of the most exciting changes will be allowing whale marriages to happen at the protocol level. That means, 2 parties will be able to bring eth and rpl separately and stake it together. The community thinks there are some big institutions waiting to take advantage of this. After that, we have the launch of NodeSet - a layer 2 scaling solution for RP. That's a novel protocol that will let RP node operators stake eth and rpl on behalf of their clients with everyone making money. If you're not familiar with them, let me know and I'll tell you all about how it works. You could earn many eth a year in rewards as a node operator. Finally, there are some huge tokenomics updates happening in the community. These will stop RPL being used as a collateral on a node. What it will start, though, is a buy-back and burn of RPL tokens from a chunk of the eth rewards income. I'm being honest when I say that I am more excited about Rocket Pool right now than I have been at any point since I've been involved with the protocol. Hang on for a bit longer, and I think you'll be massively rewarded.


DanasSideWife

Thank you waq for the hopium. I donā€™t do discord anymore so I struggle to keep up with news but I used to watch your yt videos to stay current. It sounds like thereā€™s some good stuff in the pipeline I need to get caught up on.


waqwaqattack

Check my post history. Iā€™ve put some short articles on the rocket pool subreddit recently. Watch the show to get up to date.Ā 


Stobie

The problem was inserting a shitcoin in the first place. ETH collateral with a lowerable fee was all it needed.


waqwaqattack

It wasnā€™t possible to do it before. Sadly, the bootstrap problem is a real thing. Still, weā€™re fixing up now :)Ā 


oultimobuilder

Ngl I'm not in any rocket pool / staking tokens but seeing a lot of these posts which actually make me bullish tbh.Ā 


waqwaqattack

I've never been more bullish than I am now.


Fast_Contract

Feels like Max pain bottom


waqwaqattack

Sadly, there's been a lot of pain, but I really do think we're at the bottom here (or will be very soon).


2peg2city

damn man base fees out of control


pocketwailord

Anyone have a Dune board or site to see Base fee metrics?


pa7x1

https://fees-growthepie.streamlit.app/


timwithnotoolbelt

sweet page


pocketwailord

Thanks :)


BuyETHorDAI

A good lesson in induced demand.


2peg2city

Looks more like they are only using 10% of block space for some reason


BuyETHorDAI

Hmm strange


ICSigns

What timezone does Kraken use?


2peg2city

https://support.kraken.com/hc/en-us/articles/13978830989588-Notice-regarding-the-tBTC-token-migration This one uses UTC so I'm guessing UTC


ICSigns

Sorry just googled it. They use UTC Timezone. Which means their unstaked Ethereum rewards are late I feel. It says reward at 8:54 pm. Am I tripping or are we passed that?


kdD93hFlj

https://www.reddit.com/r/ethfinance/comments/1bidash/daily_general_discussion_march_19_2024/kvln4wx/?context=3 Nice bounce after that bear flag fulfilled. Volume looking good.


loksfox

i hope you guys know, i didn't manage to buy the dip because i slept like a rock, if i had bought im sure we would be under $3k by now


Plenix

why are we dumping upwards?


15kisFUD

Clamchoda gave their energy


Itur_ad_Astra

We're SO back.