FLB pfp

FLB

@flb

77 Following
9 Followers
FLB pfp
FLB
@flb
5/ The Team MegaETH was co-founded by Yilong Li, Lei Yang, and Shuyao Kong. Li and Yang both hold PHDs in computer science while Kong has an MBA.
0 reply
0 recast
0 reaction
FLB pfp
FLB
@flb
4/ How does Node Specialization work? Node Specialization allows for hardware requirements to be set for each individual node. MegaETH exempts Full nodes from transaction execution. They only use one active sequencer node (used to order and batch transactions). The Prover nodes provide proofs that are sent to the Full nodes which can verify proofs cheaply. To further scale the network MegaETH also leverages EigenDA for data availability. This means EigenDA stores transaction data off-chain while ensuring that the data remains available for verification.
0 reply
0 recast
0 reaction
FLB pfp
FLB
@flb
3/ How is the 'Straggler Problem' solved? MegaETH uses a concept called Node Specialization to solve the problem. There are 3 types of nodes: Full node, Seqeuncer node, and a Prover (Optimistic Rollup) node. Modular architecture is also used, EigenDA is used for data availability and security.
0 reply
0 recast
0 reaction
FLB pfp
FLB
@flb
2/ What is MegaETH solving? There are 80+ Ethereum L2s but they do not solve the 'Straggler Problem'. This stems from slow or glitching validator nodes causing delays in transaction processing.
0 reply
0 recast
0 reaction
FLB pfp
FLB
@flb
1/ What is MegaETH's goal? MegaETH aims to be a real-time L2 network, processing transactions immediately. 🔸>100k transactions/second 🔸 <$0.01 per transactin 🔸<1ms block time They have raised $20m from investors such as Vitalik Buterin and Dragonfly Capital!
0 reply
0 recast
0 reaction
FLB pfp
FLB
@flb
MegaETH Deep Dive 🧵/
0 reply
0 recast
0 reaction
FLB pfp
FLB
@flb
The $ORDER token actually has some sense to it when it comes to use-case! - Staked token holders will receive USDC payouts from 60% of net fees generated by Orderly (They have previously generated ~$8.1 million in almost 2 years) Transparently, if the protocol revenues do not continue to accelerate this may not prove to be that much, but love to see the revenue-sharing concept be put into play more.
0 reply
0 recast
0 reaction
FLB pfp
FLB
@flb
You can check both Solana and EVM wallets!
0 reply
0 recast
0 reaction
FLB pfp
FLB
@flb
DeBridge Airdrop Checker is Live 🔗Paste your address at http://debridge.foundation to check allocation 💸Top 10% of wallets get two distirbutions: 50% at TGE, 50% in 6 months. Here is one of my 10% wallets and what it looks like
0 reply
0 recast
0 reaction
FLB pfp
FLB
@flb
What is one reason you like Farcaster more than other platforms?
0 reply
0 recast
0 reaction
FLB pfp
FLB
@flb
Thruster: eh Scroll: Benefits the whales, also mediocre sentiment for being a slow/costly chain, problems with Scroll Marks and farming the farmers through badges. Puffer Finance: Could be alright, as most LRTs though it will likely just be an additional yield boost on your ETH Rabby Wallet: Love the wallet but don't see much need for the token Debank: Another good product, but I don't see too much value Zora: I don't see much here, although recent Uniswap integration is cool Monad: Strong community but no true desire for the chain. SEI beat them to being a parallelized EVM chain and is struggling. SyncSwap: Really just used for airdrop chains and I see Jumper doing much better as it's an aggregator. Metamask: Gross Opensea: I would be surprised if I ever saw something
0 reply
0 recast
0 reaction
FLB pfp
FLB
@flb
Jumper Exchange: Sad if this goes to shit because it's genuinely one of my most used dapps, it has a banging intern, and continues to further develop Bera Chain: Millions of testnet users, people are sick of new chains, think it will struggle. Ethena: mistakenly faded S1 and haven't touched so can't speak to it Linea: Based on funding I have decent expectations, obviously lots of events that have somewhat dampened their image though (for example the infinite milking) Mantle: Think $COOK and $cmETH could turn out decent, but again I see it as more of a additional yield play. Karak: High funding and have had a pretty low cap of $1.1b in deposits, on the bullish side. Hyperliquid: Some will get crushed due to poor PnL from farming, if played well you will eat well LogX: Largely used due to Orderly airdrop, however I like the platform and they are working on prediction markets. The airdrop is not promising due to continuous dragging out.
0 reply
0 recast
0 reaction
FLB pfp
FLB
@flb
Some of my thoughts on upcoming airdrops Grass: Dust anticipated Orderly: Extended epochs due to market timing and now it is worse, dampened expectations MagicEden: Some hope, huge funding & NFTs marketplace have some more edge to them due to the variety and effort that different activities take. I'm sure it could pay out well for some. Eigenlayer: .... Swell: Overfarmed the community, will benefit whales otherwise add a little bit of yield to most others Kroma: Underfarmed but not hopeful in the valuation DeBridge: Genuinely curious how the quasi ICO strategy pays off (if it's purely focused on fees spent) KiloEx: couple bucks maybe HyperLane: Interested to see what it becomes but I do think that CT overhypes it, especially with the amount of funding relative to other home-run airdrops. KelpDAO: Same as swell Elixir: If deUSD catches traction in defi and Elixir can keep users on their platform then this could end decently, whale-favourable though
0 reply
0 recast
0 reaction
FLB pfp
FLB
@flb
Want to farm Redstone anon? ​ If you want to farm Redstone for potential token rewards you must be an 'early adopter' of their data. Some notable protocols that use RedStone Oracles include EtherFi, Pendle, Puffer, Renzo, Swell, Ethena, Balancer, and many more.
0 reply
0 recast
0 reaction
FLB pfp
FLB
@flb
RedStone Tokenomics (The token has not yet been launched) ​ Some of the possible details of the token have been published: ​ Data Access Fees End users reward data providers with tokens for granting access to valuable information. Fees and subscription terms are set by the provider, reflecting their effort, data demand, and competition. ​ Locking Providers must detail data scope, sources, and update frequency. Breaching these terms incurs token-based penalties. To assure users, providers lock a specific number of tokens for a set period. ​ Dispute Resolution Given the diverse nature of data, disputes over quality may arise. A token-facilitated process involving juries rewards those who vote with the majority and penalizes the losing side, ensuring fair resolutions. ​ Bootstrapping the Market In the market's early stages, tokens can be distributed to providers to reward their availability and stimulate growth before user demand catches up.
0 reply
0 recast
0 reaction
FLB pfp
FLB
@flb
The Problems RedStone Solves ​ Problem #1: Standard data delivery is inefficient and costly. • Data is often pushed to the blockchain regardless of usage, inflating costs. ​ Solution RedStone provides data on-demand, cutting the costs of 'on-chain' data. Data is stored off-chain and fetched when needed. For data integrity, RedStone uses Arweave's decentralized storage, ensuring tamper-proof historical data. RedStone boosts efficiency and slashes costs for dApps accessing data feeds. ​ Problem #2: The usual monolithic structure of oracles limits scalability.​ • A consequence is that makes it challenging for protocols to reduce latency/list new assets. ​ Solution​ RedStone was designed with a modular architecture making it easy to incorporate new assets/reduce latency, allowing dApps to scale more efficiently. This means constructing the oracle in such a way that its various components—such as data sources and delivery methods—can be easily updated without disrupting overall functionality.
0 reply
0 recast
0 reaction
FLB pfp
FLB
@flb
Deep Dive into Redstone Oracles ($15m+ in Funding) ​ dApps urgently need data feeds that are timely, reliable, and secure. Enter RedStone Oracles, a top-tier provider stepping up to meet this demand. Trusted by 100+ dApps and securing billions in value, RedStone offers customizable, cost-efficient data streams. Beyond dApps, RedStone supplies data feeds to blockchains and layer 2 scaling solutions, compatible with both EVM and non-EVM systems. 🧵/
0 reply
0 recast
0 reaction
FLB pfp
FLB
@flb
"Crypto is decentralised" 🤓 (it's not) ​ July 2nd - $8m $TAO hack ; Bittensor is halted ​ June 14th - Stacks down for 9 hours (BTC issue) ​ June 2nd - Velocore is hacked ; Linea is halted ​ May 15th - Degen Chain shut down for 50+hrs for fixes ​ February 23rd - Avalanche is halted for a bug ​ February 6th - Solana halted for 5hrs (11th halt in 2yrs) ​ Blockchains are designed to be decentralized, meaning they are not controlled by a central authority. This aims to ensure transparency, security, and resilience against single points of failure. ​ These examples of setbacks and system halts combat the core principle that the community collectively oversees and validates transactions, maintaining the trust within the network. ​ Ultimately, the smol user does not have power over the VCs and blockchain companies. If you lose your shirt on a scam the chain won't be halted, if it affects the owners directly then the world will stop. ​ It's their chess board and we're just their pawns 😇
0 reply
0 recast
0 reaction
FLB pfp
FLB
@flb
What sort of bot activity do you think is going on?
1 reply
0 recast
0 reaction
FLB pfp
FLB
@flb
2 aggregators are all that 99% of crypto users need Bridge & Multi-use Aggregator: Jumper Exchange - 25+ chains - 16 bridges - 35 DEX aggregators Swap Aggregator: DefiLlama Swaps - 17+ chains - 9 DEX aggregators - Route directly through DEX contract
0 reply
0 recast
0 reaction