⚔️ Ethereum wanderer 💹 Yield warlord with diamond hands 🎨 Casual NFT pillager ⛓ Marching into DeFi one block at a time
Pasta Walhalla
Joined November 2021
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merigo.eth retweeted
ETH supply is up about 1% since the Merge.
In the same time period:
> solana:So11111111111111111111111111111111111111112 supply grew 66%, from 354M to about 589M.
> ripple:native supply grew 27%, from 49.83B to about 63.1B.
> cardano:native supply grew about 10%, from 34.18B to about 37.5B to 38B.
> bitcoin:native supply grew 4.96%, from 19.15M to about 20.10M.
> ethereum:native supply grew 1.0%, from 120.52M to about 121.7M.
everyone DYOR
New @Citi research positions Aave as a collateral mobility protocol for tokenized capital markets.
It calls collateral mobility one of tokenization’s most important use cases, with Aave able to take on functions that move tens of trillions of dollars in traditional finance.
higher
TODAY: Chainlink announced it is working to enable financial institutions to connect to @swiftcommunity’s blockchain ledger through the Chainlink platform.
Swift moves the equivalent of the world's GDP roughly every three days ⬇️
Welcome into fam ser
Revolut, a leading fintech with 80 million customers globally, is launching a Euro stablecoin on Ethereum.
Welcome to @Ethereum, EURR.
merigo.eth retweeted
A man in Australia asked his agent (Claude running on OpenClaw) to book him a spot in a popular gym class. The agent found a software vulnerability that let it book the class weeks further ahead than should have been possible. When the user then asked if it could move him up the waitlist, the agent discovered the API had no authorisation checks on cancelling other people’s reservations, so it cancelled the person in the first spot and moved him up the list.
Some people will call this misalignment, but his agent was perfectly aligned to him - it was only trying to help its user get what he wanted. The most important thing about this story, in my opinion, is that it gives you a window into what is about to start happening on a massive scale once millions of people have an agent trying to get their beloved users the best seats, bookings, appointments or reservations through absolutely any means necessary.
merigo.eth retweeted
my take is that:
1) issuance is already very, very low for ETH. lower than BTC, lower than almost every other blockchain, and lower than the supply of new gold added to the market every year
2) issuance is not a primary driver of ETH price at these already low levels. demand to hold ETH as a speculative SoV and use ETH for exchange and productive purposes drives ETH price. and like it or not, staking yield has become a key factor for why people choose to buy and (crucially) hold ETH
3) consistency and predictability in ETH's issuance policy is more important to creating market confidence around ETH (and by extension, Ethereum) than perfectly optimizing issuance
4) solo/small stakers shouldn't be allowed to be priced out of the market, because if shit really ever hits the fan, you're going to need them
5) we should focus on scaling Ethereum as a network, drive much more use to the network, charge appropriate fees to use it, and allow fee burn to continue to offset some amount of the already low issuance
In case you missed the next Ethereum drama
🚨 New EIP: Tapered Issuance Burn
We just submitted an EIP to ethereum/EIPs: a minimal, market-driven fix to Ethereum's issuance policy removing the incentive for stake growth beyond 50% of ETH supply.
EIP-8361 by @pintail_xyz, @jdetychey, @dapplion, @pa7x1, @ladislaus0x & @drakefjustin 🧵