Ethereum

Degen Layer 3

Conduit is investigating an issue with the Degen L3 sequencer.

We will share more updates here when we have them.

This feels like Solana a year ago with the infamous google doc chain restarts (they've since gotten better).

I'm all for "ship early and often" but not for mainnet chains with millions of dollars of OPM on them.

Real World Ethereum 🌎 
building /daimo ✳️ 

not really comparable

one is a distributed system of 3,000+ nodes coordinating and handling thousands of TPS 

other is a centralized sequencer controlled by a handful of people

ceo @ helius.dev, host @ lightspeed, ex coinbase — wartime shitposter

That makes the degen situation even worse, right?

Not clear to me how it’s even possible to get large reorgs with a single centralized sequencer.

Exactly, this situation not good. Hope the team will fix it soon and the L3 will remain stable