Web3 Chief (@mrlaeeb) • Hey

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Wow, it's been 13 years since Satoshi Nakamoto, the anonymous creator of Bitcoin, disappeared. His last post on BitcoinTalk was on December 12, 2010, addressing the issue of DoS attacks on the Bitcoin network. Since December 13, 2010, Satoshi hasn't been seen online. #Bitcoin #satoshinakamoto
Hey crypto enthusiasts! Exciting news! Google is updating its cryptocurrency policy and starting from January 2024, you'll be able to see ads for crypto ETFs! Get ready to explore new investment opportunities! #cryptocurrency #ETFs
Meanwhile, NFT protocol Ordinals based on Bitcoin network was added to the US NIST National Vulnerability Database. Critics suggest it's an attempt to use the government to block NFT transactions. However, platform employees haven't verified this vulnerability yet #NFT #Bitcoin
**Why do we need so many L2 networks?** 1/10 - Why do we need so many L2 networks? 🧐 On the moment of writing, DeFiLlama tracks 16 rollup networks, while L2Beat shows 29 active L2 networks, including niche blockchains and other technical solutions. Some of them, like Base, opBNB, and OP Mainnet, are built on the same tech stack and offer similar features. But why does the market have so many "similar" Layer 2 networks? There are a few reasons. 2/10 - Evolution of technology 🌱 The technological foundation of L2 continues to evolve. Developers and the community are still determining the most optimal solution that ensures security, a quality user experience, and efficient transactions. Earlier L2 networks, like ImmutableX, were built on Validium and stored data off-chain. Optimistic Rollups gained widespread adoption thanks to Optimism, which allowed transaction bundling, reducing costs and data accessibility. ZK-Rollups are now actively used, requiring less storage space. 3/10 - The next generation of L2 will likely focus on privacy (e.g., Aztec). Additionally, the transformation of Ethereum itself lies ahead, which will also necessitate adaptation of second-layer networks. New projects are developing their own solutions - more efficient, secure, and technically advanced. The segment is still in its early stage of development. 4/10 - Standardization 🧩 The baseline standard for Ethereum Layer 2 networks is compatibility with the Ethereum Virtual Machine (EVM). This ensures system integrity and creates a unified environment for developers. However, L2 blockchains still have ample opportunities to set their own rules, whether it's the sequencing mechanism, fee structure, or data storage architecture. New L2 networks aim to establish a wide range of standardized parameters, improving compatibility through SDKs. Examples include OP Superchain and Celestia Rollkit. 5/10 - Moreover, developer tools accelerate and lower the cost of building second-layer blockchains, which also stimulates the emergence of new projects. For example, Optimism took 13 months from testnet announcement to mainnet launch, while Base only took six months. All thanks to the OP Stack. 6/10 - Specialization 🎯 Another reason for the proliferation of "similar" L2 blockchains is specialization. Different teams can utilize the same technical solution for their own purposes: Arbitrum builds a universal network but has become the de facto "home" for DeFi. Coinbase develops the technical foundation for its ecosystem. Optimism aims to bridge different blockchains and attract developers. 7/10 - Alongside the evolution of technology and rule standardization, the L2 layer is moving from "universal" blockchains like Arbitrum to more niche-focused ones, such as DYDX V4 Protocol. On one hand, we see more L2 networks targeting different tasks; on the other hand, these networks are gradually standardizing, using shared tech stacks and solutions. Ultimately, truly unnecessary projects will lose liquidity and users, much like most "Ethereum killers" or Bitcoin forks. 8/10 - The presence of multiple L2 networks ultimately promotes innovation and healthy competition, pushing the boundaries of what's possible in terms of scalability and user experience in the decentralized ecosystem. It allows developers and users to choose the solutions that best suit their needs, fostering the growth and maturation of the overall ecosystem. 9/10 - So, while it may seem like there are "too many" L2 networks, they each bring their own unique contributions and play a role in the ongoing development of decentralized finance. With further evolution, standardization, and specialization, the L2 landscape will continue to refine itself, paving the way for a more robust and efficient decentralized future. 10/10 - Remember, diversity and choice are key ingredients in driving innovation, and the multitude of L2 networks showcases the vibrant and dynamic nature of the DeFi ecosystem. Embrace the variety, explore the possibilities, and be prepared for even greater breakthroughs in the L2 space. #DeFi #Layer2 #Innovation
I just voted "YAE" on "[ARFC] Aave V3 Deployment on GnosisChain" https://snapshot.org/#/aave.eth/proposal/0xb62c93a8b3590dc46eed92b223da5fcbbf6b52f1f79a0c2fcd80bbc0afea59d8 #Snapshot
I just voted "YAE" on "[ARFC] Treasury Management - GHO Funding" https://snapshot.org/#/aave.eth/proposal/0xb094cdc806d407d0cf4ea00e595ae95b8c145f77b77cce165c463326cc757639 #Snapshot
#cat #pets *^o^*
I just voted "YAE" on "[ARFC] Aave V3 Deployment on zkEVM L2" https://snapshot.org/#/aave.eth/proposal/0x8fd34012029bec536f779b7bf46813beb57f42705b24acaf239e42353ddf7b8c #Snapshot
I just voted "YAE" on "[ARFC] TUSD Offboarding Plan Part II" https://snapshot.org/#/aave.eth/proposal/0x95cca29a9cdcaf51bb7331a9516d643a5c88f8ddce86c5f3920c2ae4d604193f #Snapshot
I just voted "YAE" on "[TEMP CHECK] Onboard STG to Ethereum Aave v3" https://snapshot.org/#/aave.eth/proposal/0xda1eff4415b3f802433e82f6d7a65806b799383fe1780d735e44df60b7eb8df5 #Snapshot
I just voted "ABSTAIN" on "[TEMP CHECK] Add KNC to Ethereum Aave V3" https://snapshot.org/#/aave.eth/proposal/0xcf46924fb907fb35f15f0612fadc45dcee6f169a13dd27b2e172738b83a4871c #Snapshot
I just voted on "Season 9 Seasonal Funding - Late Items" https://snapshot.org/#/banklessvault.eth/proposal/0x7a10f8acfd125a504b2419a593ec10b8db6d5cf81513ebaea305073672b7cd2e #Snapshot
I just voted on "Tokenomics - Approve DAI Capital Efficiency Strategy " https://snapshot.org/#/banklessvault.eth/proposal/0x90b8c38e4021908ce94311117bfeb7f0ad54cd58427b34e5385dd24581f9a160 #Snapshot
I just voted "In Favour" on "P-31: Agency Q3 + Q4 Budgets" https://snapshot.org/#/devdao.eth/proposal/0x6af9d33210ced7438532a40cdc9a2236e8910cfcfb7191633cbef70c53ea7208 #Snapshot
I just voted on "Tokenomics - Optimism Liquidity Implementation " https://snapshot.org/#/banklessvault.eth/proposal/0x2cc6feea99363d05e157708906495eceaa0cd63054f2208298379570ffa7542f #Snapshot
I just voted "YAE" on "[TEMP CHECK] GHO Stability Module" https://snapshot.org/#/aave.eth/proposal/0x98bdd30f645b2981320f82c671ae9fee31ee771766c13cd2627b66a22f0d438e #Snapshot
I just voted "For" on "Labs Budget - 2023-Q3" https://snapshot.org/#/devdao.eth/proposal/0xa4e9c1cf86839fb6682ceed5e2b33d95ba4182aa4bb6072840fcddd5e66370e7 #Snapshot
I just voted on "[TEMP CHECK] Safety Module Update Part I - Migrate AAVE/wETH " https://snapshot.org/#/aave.eth/proposal/0x33cdbe42706aa449c2e7d55d6c1e81da4bf3f153bb5c1010df71e8ab296fe525 #snapshotlabs
I just voted on "[TEMP CHECK] Defining the Service Provider & Delegation Platform Relationship" https://snapshot.org/#/aave.eth/proposal/0x01986b578bdc52661ab0bedb85c57306f448b03d52cddf996784a7c498910d9d #snapshotlabs
I just voted on "Season 8 Seasonal Funding (corrected)" https://snapshot.org/#/banklessvault.eth/proposal/0xc02b3fb6eed58561c7526749a5505501ad14c3d31b4b0f79020baf994cc77c41 #snapshotlabs
I just voted "For" on "Developer DAO Fellowship w/ Press Start Capital" https://snapshot.org/#/devdao.eth/proposal/0x56f858100b12f20d02c1a1606350c74153508791c4d4978aee9c5e93bce2753e #snapshotlabs
I just voted "Yes this is a good proposal" on "AAVE on Harmony Recovery Plan" https://snapshot.org/#/aave.eth/proposal/0xf9706ff43ce8e3d3c887e98e6e2b59fdce7d9dc371245464e91f8b03df210e0a #snapshotlabs
I just voted "YAE" on "[TEMP CHECK] Aave Governance Process Improvements." https://snapshot.org/#/aave.eth/proposal/0x6a9cad8d631b3d447fbc80a787abfd3fcdd2eee808d7ac56ac00a3a2bd3c5cc8 #snapshotlabs
I just voted "YAE" on "Deploy Aave V3 to Metis Andromeda Mainnet" https://snapshot.org/#/aave.eth/proposal/0x7e6175c21342dbd88dc5b0dabf2d0a86339e3ef3f199fc7d778a9a6f05ed0df9 #snapshotlabs
Hello, everyone! My name is Elena and I am a promotion coach. I started my own journey by working in the beauty industry, first as an eyebrow master, then as a teacher and later as a mentor for the promotion of masters. In the process of teaching and constantly learning and improving my own level of knowledge I realized that I could not limit myself to training masters only in the beauty industry. In the last six months I realized myself as a coach. Among my students are people who not only work successfully for hire and for themselves, but also those who develop a big business. The topic of promoting trends and personal or expert blogs on social networks will be relevant to a large number of users for a long time to come. But there is one obvious disadvantage that often prevents you from blogging - it is the control of content by the owners of information platforms. Just recently I heard from friends about the new generation of social networks - Web3. In short - Web3 is a revolution in today's digital world. Now no one can block your account due to some stupid decision or the law of some states. Web3 erases boundaries not only on the Internet, but also in the minds of many people. I am quite new to crypto, but I am very interested in everything new and advanced. I think that the crypto-world is the future, so I am very eager to study it from all sides. I will be glad to meet new people and useful information from you! And I myself will try to tell the most interesting news here in my new blog!
I just voted on "Season 7 Seasonal Funding, Final Budget Items" https://snapshot.org/#/banklessvault.eth/proposal/0xc4cc702ef0f39c08302fc467d823b9f1e726ff121b9b954aaaa096da68856948 #snapshotlabs
I just voted "YES" on "Safety Module upgrade to v1.5" https://snapshot.org/#/aave.eth/proposal/0x743ae6001bb0fdfa9a8c4475a2489c20917a79084725f0101ac7c1e7f0cf27c6 #snapshotlabs
I just voted on "Fund Purchase 17th of March 2023" https://snapshot.org/#/genesisblocks.eth/proposal/0xedd378232df15a0216fcd0fb65eb8c42c4e89a10eaed31950fd1eacb159a0cf6 #snapshotlabs
I just voted "YAE" on "[ARC] Gauntlet Risk Parameter Updates for Optimism Aave V3 (2023-02-16)" https://snapshot.org/#/aave.eth/proposal/0xfbd6cbe0ae2fa721302b9288ec46488ec7e28b7e49641f9650535ba3251bb7a6 #snapshotlabs
I just voted "YAE" on "Chaos Labs Risk Parameter Updates - Aave V3 Avalanche - 2023.02.07 " https://snapshot.org/#/aave.eth/proposal/0xbe3ff894ff9a979846b45e0fece4368245f61fa1d449d3761a3990b8da4aa6d7 #snapshotlabs
I just voted "YAE (Freeze BUSD)" on "[ARFC] Freeze BUSD on Aave V2" https://snapshot.org/#/aave.eth/proposal/0x7fe7d372601aa2864cbe21071bd2fda10bf22aa8f66076db276818a2d6808bef #snapshotlabs
I just voted on "Fund Purchase 18th of February 2023" https://snapshot.org/#/genesisblocks.eth/proposal/0xf0c80ff2cb05813b13e4bd596a35df33d6c26b9c5a392bed872dc1da0fe3fd23 #snapshotlabs
I just voted "Aggressive" on "[ARC] Community Risk Preference on Aave V3 Borrow/Supply Caps" https://snapshot.org/#/aave.eth/proposal/0xb4c756ac701b5cbc0ec2d832652e4f1c820aa40f7d9be18eb81f87080a52c5f1 #snapshotlabs
I just voted "YAE" on "[ARFC] MaticX Risk Parameter Interest Rate Polygon v3 Upgrade" https://snapshot.org/#/aave.eth/proposal/0x8abe6a2ae1134d6886f460d6648dc3a5d2f789e1b94e78f496e7f5ec5ff38697 #snapshotlabs
I just voted on "Season 7 Specification and Community-Indicated Direction" https://snapshot.org/#/banklessvault.eth/proposal/0xdb3c64468dcc7156aa7b43576f71977727e62b7dd6b199ec44c110d61413e9ea #snapshotlabs
I just voted on "Season 7 Seasonal Funding" https://snapshot.org/#/banklessvault.eth/proposal/0x30cadb2281b2369b1657ae065af0bdd5b05eff4574fce9493751e66d9897f173 #snapshotlabs
I just voted "For" on "P-22: DAO Governance Structure Upgrade" https://snapshot.org/#/devdao.eth/proposal/0x9b84e2300bdcf8d8dde53687c29f71ab9e16ee99feac58734687a2ff10f869ee #snapshotlabs
I just voted "YAE - with Ethereum eMode" on "[ARFC] Add wstETH to Arbitrum Aave v3" https://snapshot.org/#/aave.eth/proposal/0x402647b83c436aecbe2fe404870f08767b5509225cbe606913e50801f87f5db8 #snapshotlabs
I just voted "YAE" on "[ARFC] CRV Interest Rate Curve Upgrade" https://snapshot.org/#/aave.eth/proposal/0x56aaf192f5cad8277b0e7c82abad030c62bb8fcfe4f2640ce5b896ab04397c20 #snapshotlabs
I just voted "Yes" on "The Castle Kid Chronicles" https://snapshot.org/#/castlekidvault.eth/proposal/0xfafb373e9e06a953be666fbf4bacab008c4687d48127f9a59396cb3bbe780c84 #snapshotlabs
I just voted on "Grants Committee Election for S7 and S8" https://snapshot.org/#/banklessvault.eth/proposal/0xb6f874ec8693b08bc63093c36f2468a4fbe6d8b233651a3b724f844aa2e85d68 #snapshotlabs
I just voted on "Fund Purchase 27th of January 2023" https://snapshot.org/#/genesisblocks.eth/proposal/0xfe99b9624bc7bd25a9ef4cdc0145ef45870f5a7974018c48ab39566879f44431 #snapshotlabs
I just voted on "Fund Purchase 20th of January 2023" https://snapshot.org/#/genesisblocks.eth/proposal/0xa604494cb3abe855903cab640747597fd138cc8e1515b26adad72ba8617bfc95 #snapshotlabs
I just voted "Sell 1/3, Play 1/3 & Raffle 1/3." on "Sewer Passes Proposal." https://snapshot.org/#/mutantsdao.eth/proposal/0xc987043e8e5f3a04f465c0ab8c84787e0aa8b6049680a0e7638784ace4db3b5a #snapshotlabs
I just voted "Pay 20 AAVE Tokens" on "[ARC] Compensate Bug Bounty Contributor" https://snapshot.org/#/aave.eth/proposal/0x4f97f52ef593bbdddc1037597729e1575ed8d4df997c1781334795b569ca25ce #snapshotlabs
I just voted "YAE" on "[ARFC] CRV Interest Rate Curve Upgrade" https://snapshot.org/#/aave.eth/proposal/0x2cb10cfb57a79bb97c3aed1cc3e9847227fb0f6a843916921ae315b9d8ad11d3 #snapshotlabs
I just voted on "Fund Purchase 13th of January 2023" https://snapshot.org/#/genesisblocks.eth/proposal/0x942ce2bc13114976cf061bfae067ab7174b88157920eeb93ace0023aadc6bf48 #snapshotlabs
I just voted "For" on "P-21: Simplifying the Developer DAO Improvement Proposal (DDIP) Process" https://snapshot.org/#/devdao.eth/proposal/0x408391614f8d57ee9d8291b70b404506c0f9d0ca7a907e29199d58055e1d7e2c #snapshotlabs