1/🧵I’m convinced @eigencloud is the most important protocol since the launch of Ethereum, and will reshape web3 at the base layer in a positive-sum way while accruing long term value for Ethereum.
Here’s why Eigenlayer is a big deal:
- I just talked to the founder of a 14 person team based in Latam. They have $9k monthly burn rate. Compare that to one dev in the US. Investing in Latam projects building for real world adoption is the most logical contrarian thesis in web3 investment right now.
- 1/ Announcing ERC 7265: Circuit Breaker We are fixing the biggest problem with DeFi Security - lack of response time to mitigate hacks. Built by @Diyahir @tcb_00 @real_philogy
- Fuel Network is now a top 10 rollup by TVL. Congrats to the @fuel_network team, big milestone. I personally think that compared the competition ahead, it should cruise to become a top 5 rollup next year.
- 1/ Why is more than $3B hacked in DeFi annually? Hackers are able to drain the entire TVL of protocols in seconds. Enter DeFi Guardian, a rate limit and circuit breaker standard bringing an additional layer of defense to DeFi 👇
- Replying to @andrewrsorkin @SBF_FTX and 2 othersAre you going to lob softballs like every other MSM had done?
- 1/ One reason for protocols to use @eigencloud is to benefit from Slashing security in addition to or in place of Token Toxicity security. Token Toxicity security offers *much* lower security guarantees than Slashing. What is Token Toxicity and why is Slashing more secure?
- 🧵 What is economic security in @eigencloud? It depends which security model is used: 1) Pooled Security 2) Attributable Security This is crucial to understand restaking on EigenLayer. Let’s dive into each.
- The second ether rocks contract refers to OG ether rocks as the original. Code is law mf'ers @weliketherocks @ManuAlzuru
- 1/ Checking out the @MorphoLabs Morpho Blue Whitepaper again, I think the 'Bring-Your-Own Risk Management' feature will reshape decentralized lending. Short thread on this 🧵
- 1/ EigenLayer just launched payments on Holesky testnet. This is an important milestone for restaking. Here is how payments work on @eigencloud
