What does MEV really measure?

1. Users (traders, LPs, or both) getting unsustainable execution
2. Pressure for the blockchain (validator set, p2p layer, and more) to centralize

High MEV can be a short-hand for general blockchain activity, but its a very unreliable one. The most…

Simple DVT is real

(source: Lido Obol Labs SSV Network)

gud pod on Galaxy where Christine Kim chatted with Izzy

let's recap and see why Simple DVT is a key step for Lido to achieve one of its goals i.e having the best/most diverse validator set

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🧵👇

I've been investing into early stage crypto for a few years, and seen this pitch around 3-5x per year, every year. its such an obvious product to build, so why hasn't anyone done it?

its because since EIP-1559, there is no natural short side on base fee for gas or blob space.…

(Quoting for visibility). First, Lido's share is under 29% per Lido Dominance. But the more important metric I'm concerned about is that Lido has made *credible* moves to decentralize and reduce the impact of protocol issues on the Beacon Chain.

For example, you have Simple…

one small step for lido, one giant step for dvt

a conversation between Izzy and Christine Kim
open.spotify.com/episode/6Bk4Ws…

Use the cheap gas today to approve + place any limit order you may want for the SAFE token before it starts trading tomorrow.
Solvers will match you at opening and give you surplus on your limit price (only on CoW DAO | MEV Blocker & CoW Swap).

Avoid failed txs, high gas or getting MEVed & stay SAFE!

In anticipation of Safe's big day tomorrow, limit orders for $SAFE tokens are available on CoW DAO | MEV Blocker & CoW Swap today.

If you place a buy or sell limit order for $SAFE on CoW Swap (up to $100k), we will start filling the orders as soon as the tokens become transferrable.

DAI supply is finally up YOY

at the same time, USDT went from 85b to 110b, and USDC went from 31b to 34b

takeaway: stablecoins have massive network effects, and gains largely accrue to the current market leader

Request for SUAPP: Bottom of the block arbitrage bot dlvr.it/T5nKYD

Request for SUAPP: One Shot Signature dlvr.it/T5n6MP

Request for SUAPP: Solver Builder Bottom of Block Interface dlvr.it/T5n6P6

★ Announcing MVI Grants ★

We are excited to share an update on the MVI Grants program – five stellar teams have been selected by the grants committee Artem, Brett Palatiello, Ξlias Simos.

Why are we funding this research?
Since the proposal to reduce the ETH issuance was…

Hang | h4x3rotab.eth ₱ 🌱 The server itself runs in SGX. github.com/amiller/yquake… (We didn't do the hard parts yet like attestation, tunnel UDP over RA-TLS, etc)
In principle we could have a *permissionless/decentralized* server rotation, with a prize pool for kill/death etc., but anyone can be the host

By allowing for stETH holders to exit en masse before a given proposal is passed, dual governance represents an important step towards mitigating Lido protocol governance risk for Ethereum stakers.

The main goal is to prevent LDO holders from changing the social contract between…

I'm starting to unhate Lido
It was always irritating to see Hasu⚡️🤖 , whom I respect, on a project I cannot condone, a project that manly rode on being early.
Maybe progressive decentralization actually is a thing?

where my lido haters at?

(busy overloading ethereum’s consensus and piling on tail risks 😂)

exciting news, the number of Lido node operators (NOs) has increased 7x with the addition of 72 new NOs, stETH holders will now be getting rewards from DVT validator clusters powered by Obol Labs and soon SSV Network

get paid for writing a dual governance explainer

It wasn’t a Dortmund side with Aubameyang, Sancho, Bellingham or Haaland…

It wasn’t Nagelsmann’s RB Leipzig…

It was Bayer Leverkusen, under a novice coach that didn’t just end Bayern’s dominance, they absolutely smashed it.

One of my favourite footballing stories ever!