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ShiningBum

@shiningbum

97 Following
20 Followers


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ShiningBum
@shiningbum
Ethereum should enshrine Zk verification functions as pre-compiles. The future is verifiable applications.
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ShiningBum
@shiningbum
My coliving space in Istanbul does not take credit cards but takes USDC, that makes me sooo happy!
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@shiningbum
Hmmm just bought 100 $Degen let’s see if I get my $DEGEN allowance soon.
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@shiningbum
Circle’s CCTP should become an AVS on Eigen Layer, it would make CCTP the gold standard for cross chain bridging.
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@shiningbum
Why do we need chainlink functions while we have zk co-processors on the horizon?
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ShiningBum
@shiningbum
The next iteration of stable coins will be focusing on native yield, from Liquity’s new LUSD getting dynamic borrowing rates, to Ethena’s USDe getting yield from stETH collateral. This will be a good iteration against the FEDs native rates.
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@shiningbum
Hey @fluidkey , love the idea and can’t wait to try it out. How do you guys solve the gas issues for different stealth accounts tho?
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@shiningbum
@cowswap 's new anti LVR AMM is a simple but great innovation for AMM LPs. I hope they offer concentrated liquidity pools, which reduce impermanent loss, plus arbitrageur auctions as anti-LVR mechanism, it is gonna attract a lot of liquidity for sure.
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@shiningbum
Succinct Labs just announced their general purpose Rust based zkVM SP1, which is a lot faster than than RISC0's zkVM. Looks like zk coprocessor apps are just around the corner, this is exciting. https://x.com/succinctlabs/status/1757832224958001596?s=61
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@shiningbum
A decentralised future with limited onchain storage + local user clients act as coprocessors, nothing in between, no web2 style central servers. This. Excites. Me. A. Lot!
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ShiningBum
@shiningbum
I think coprocessors like Axiom can help with Defi circuit breakers, for large withdraws we can trigger the circuit breaker and ask for a proof of initial gas source via Axiom's history proof, reject the tx if gas is from any mixers.
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@shiningbum
The future of blockchain apps looks more and more like a hybrid model than pure onchain model. My heart is broken.
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@shiningbum
I love the idea of DePINs like filecoin, arweave, Helium etc but they just never took off. It would be nice to actually have these working as real word use case for blockchain utility, not just Stablecoins and Defi.
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@shiningbum
The new L2 Fraxtal from Frax looks like a pretty strong competitor for the L2 war. By directly incentivising EOAs and Contracts, this chain will be crowded for sure. https://www.frax.com
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@shiningbum
Merlin Chain is generating so much hype as the native BTC L2 that's EVM compatible and zk powered, yet I can't find any technical docs on their site. They just list their investors that's all. This space always surprises me with how low it can go.
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@shiningbum
farcaster uploading profile pic function does not work on web end... the software feels buggy.
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@shiningbum
It is deceptive for Pandora to use the term ERC404 while they are not officially an ERC nor EIP.
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ShiningBum
@shiningbum
It’s liquid restaking season, every protocol is piling up points on top of points, but be careful with unsafe protocols, protect your Eth and eth LSTs!
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@shiningbum
Then I should also get free world coins if I am already on farcaster.
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@shiningbum
I think the best way is to get on to that auto follow list..
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