now: ecosystems @ /syndicate. then: started this thing called /fwb w/ my friends. also do a ton of music and media things. also mba from usc. constant.coffee

Rollups are only parasitic to ETH when they do the same thing as Ethereum Mainnet. As they become more customized and move away from “Ethereum but cheaper”, they’ll start to be additive.

h/t to @raihan for the great conversation today

Co-founder of @syndicate. Creator of $AGLD, Core Team at ConstitutionDAO. ETH since the 2014 presale

Great question! For parasitic, I’d say cases where they capture large amounts of execution that would otherwise occur on L1 while paying much less than that to the L1 for settlement and DA. Onchain social or games don’t fall under this in my view, but large DEX swaps, significant value transfers, etc likely do

As a result, for rollup specialization via customized appchains, they handle large amounts of execution that wouldn’t occur on L1 (gaming, social, at scale NFTs, high volume payments) while still contributing back to the L1 via settlement or DA. The execution wouldn’t have occurred on L1 because L1 doesn’t support the customizations these appchains need. As a result, it’s much clearer for them to be additive given that most of the value on the appchains is new value that wouldn’t have been captured by the L1

curious - what do you mean by parasitic? capturing execution that otherwise may have occurred on L1? if so, you are saying that RU specialization will lead to more L1 execution?

gm. Fulltime degen, building fun stuff onchain. 
Master of Disaster Frogworks, /ottodao bullfrog, ex @astaria

Agreed that chain abstraction + real differentiation (not just vibes) is key for the success of appchains

Part of this is due to the fact that appchains are currently difficult to customize. When tokens were Bitcoin Core forks in 2014 pre-Ethereum, there wasn't much token customization besides block times/block sizes/consensus mechanism. But when tokens shifted from Bitcoin Core forks to Ethereum smart contracts, innovation increased a ton thanks to the orders of magnitude improvements in DX

Our bet via @syndicate is that making customizing appchains as simple as writing smart contracts will introduce Bitcoin -> Ethereum levels of innovation at the chain level. Putting together some demos now to demonstrate this in a "Show don't tell" style way

The problem is that most chains just don’t do anything special. Sure they might have different backend tech, zkVM, based rollups, different stacks, more smart contract functionality but on the user facing side there’s really not much difference. It’s just annoying for them to switch and bridge to new chains all the time.

We should only deploy new rollups and chains if they do something fundamentally different and can be abstracted away enough so that the end user doesn’t have to care about it anymore

Product workstream leader @shapeshift
Governance lead at FBL

Formerly: @makerdao. @boostxyz

Yep, I do believe that appchains are the future and that they'll introduce more innovation than general-purpose L2s

eth is the base layer of the ecosystem

I think with time what mainnet is for and doing is changing

from the new user perspective ethereum may become the server back end or rather a network on top of internet you normally never hear about how it's setup exacrly nor interact with it

base for example taken usecases like nfts and tokens away from mainnet and other user facing usecases are going to be dominated by base / L2s

also whatever ETH can do - a L2 can do better, faster and cheaper but only it can't be as secure which is where ETH should double down

explored this extensively for "community chains"

it comes down to the economics of running & maintaining a roll-up

ex. outside of BAYC and Pudgy - is there a "playbook" for communities to grow in to their customized rollups?