tlb
825 posts
tlb
@zzaizzia
Researcher at LFG Labs | Crypto project enthusiast | Market behavior analyst | Fitness lover lifting at home | Former trader & math student
Joined Ocak 2022
4.7K Following373 Followers
@ADIChain_Korea @ihc__official @FABConnects @centralbankuae Interestingly, $ADI shows resilience in a market where BTC has experienced a sharp decline
English
UAE 디르함 기반 스테이블코인이 이제 ADI Chain에서 공식적으로 출시되었습니다.
@ihc__official 과 First Abu Dhabi Bank(@FABConnects)가 주도하고, @centralbankuae 의 승인 및 라이선스를 받은 DDSC 스테이블코인은 UAE 디르함 준비금으로 1:1 담보됩니다.
DDSC는 규제 준수를 전제로 설계된 ADI Chain의 블록체인 인프라에서 단독으로 운영됩니다.
이번 출시는 단순한 스테이블 코인 발행을 넘어 ADI를 뒷받침하는 생태계 확장의 시작입니다.
• International Holding Company (IHC): 세계 최대 규모의 투자사 중 하나로, 1,300개 이상의 자회사를 통한 역내 유통 및 확산 기반 제공
• First Abu Dhabi Bank(FAB): 은행 파트너로서 20개 시장에서 법정화폐 준비금의 보관·커스터디 지원
• Sirius International Holding: 배포 및 기관 채택(도입) 지원
• DDSC: 규제 준수 발행 및 유통 관리
• ADI Chain: 24/7 프로그래머블 정산(결제) 인프라 제공
이를 통해 주권형(sovreign) 디지털 파이낸스의 새로운 기준을 수립합니다.
DDSC는 고가치 사용 사례를 위해 설계되었습니다. 신뢰 가능한 환경에서 결제, 자금(트레저리) 관리, 국경 간 무역 결제 흐름을 지원합니다.
동시에 이는 ADI Chain이 지향해온 더 큰 모델의 유효성을 입증하는 사례이기도 합니다.
이번 출시는 ‘통합된 레이어 위에서 운용되는 스테이블코인 네트워크’로 나아가기 위한 첫 단계입니다.
국가 단위 디지털 통화가 손쉽게 상호운용성을 확보하고 대규모 확장까지 가능하도록 하는 플러그앤 플레이 프레임워크를 구축합니다.
이러한 방향성 때문에 @Mastercard 와 @MPESAAfrica 가 @ADI_Foundation 과 파트너십을 맺었고, @BlackRock 과 @FTI_Global 역시 ADI Chain 상의 토큰화 자산 구조를 검토하고 있습니다.
기관 규모의 운용을 전제로 설계된 온체인 레일의 필요성을 시장이 인식하고 있기 때문입니다.
DDSC 스테이블코인은 ADI Chain 인프라에서 운용되며, $ADI 는 온체인 거래를 구동하는 유틸리티 토큰으로 기능합니다.
디지털 머니를 위한 레일, 이제 공식적으로 열렸습니다.
UAE에서 전개될 디지털 파이낸스의 다음 챕터를 지켜봐 주세요 ↓
한국어
可能算是 vitalik 对 Layer 2 试错的阶段性总结，结论是 $ETH 以后会更便宜更快，Layer 2 如果你也只是更便宜更快，那你不会有太多竞争力，需要想想其他的路子了。
他给出态度转变的理由是，Layer 2 开发的太慢，同时也很困难，从阶段 0 到 阶段 1的转变非常漫长：也就是 Layer 2 项目方逐步将产品去中心化，放弃控制权这一过程。能做到的寥寥无几，甚至有些项目表示自己不准备放弃控制权。
这个理由当然很合理，但从中能看到另一层含义。 V 曾经认为以太坊生态通胀很快，盘子极速增长，即便把大部分外溢的价值分给 Layer2， 自己依然保持可观的增长。但现实不尽如人意
对通用式 Layer 2 的否定，本质上是要求 Layer 2 自带客户进组。Layer 2 你得先是个应用，你自己能吸引人，你得干我 $ETH 干不了的事，不能进来分我的用户，不然咱这大以太坊生态不就是无限内卷了么。
害，生意不好做，同样的戏码，不同领域都会重复上演。看好 $ETH！
vitalik.eth@VitalikButerin
There have recently been some discussions on the ongoing role of L2s in the Ethereum ecosystem, especially in the face of two facts: * L2s' progress to stage 2 (and, secondarily, on interop) has been far slower and more difficult than originally expected * L1 itself is scaling, fees are very low, and gaslimits are projected to increase greatly in 2026 Both of these facts, for their own separate reasons, mean that the original vision of L2s and their role in Ethereum no longer makes sense, and we need a new path. First, let us recap the original vision. Ethereum needs to scale. The definition of "Ethereum scaling" is the existence of large quantities of block space that is backed by the full faith and credit of Ethereum - that is, block space where, if you do things (including with ETH) inside that block space, your activities are guaranteed to be valid, uncensored, unreverted, untouched, as long as Ethereum itself functions. If you create a 10000 TPS EVM where its connection to L1 is mediated by a multisig bridge, then you are not scaling Ethereum. This vision no longer makes sense. L1 does not need L2s to be "branded shards", because L1 is itself scaling. And L2s are not able or willing to satisfy the properties that a true "branded shard" would require. I've even seen at least one explicitly saying that they may never want to go beyond stage 1, not just for technical reasons around ZK-EVM safety, but also because their customers' regulatory needs require them to have ultimate control. This may be doing the right thing for your customers. But it should be obvious that if you are doing this, then you are not "scaling Ethereum" in the sense meant by the rollup-centric roadmap. But that's fine! it's fine because Ethereum itself is now scaling directly on L1, with large planned increases to its gas limit this year and the years ahead. We should stop thinking about L2s as literally being "branded shards" of Ethereum, with the social status and responsibilities that this entails. Instead, we can think of L2s as being a full spectrum, which includes both chains backed by the full faith and credit of Ethereum with various unique properties (eg. not just EVM), as well as a whole array of options at different levels of connection to Ethereum, that each person (or bot) is free to care about or not care about depending on their needs. What would I do today if I were an L2? * Identify a value add other than "scaling". Examples: (i) non-EVM specialized features/VMs around privacy, (ii) efficiency specialized around a particular application, (iii) truly extreme levels of scaling that even a greatly expanded L1 will not do, (iv) a totally different design for non-financial applications, eg. social, identity, AI, (v) ultra-low-latency and other sequencing properties, (vi) maybe built-in oracles or decentralized dispute resolution or other "non-computationally-verifiable" features * Be stage 1 at the minimum (otherwise you really are just a separate L1 with a bridge, and you should just call yourself that) if you're doing things with ETH or other ethereum-issued assets * Support maximum interoperability with Ethereum, though this will differ for each one (eg. what if you're not EVM, or even not financial?) From Ethereum's side, over the past few months I've become more convinced of the value of the native rollup precompile, particuarly once we have enshrined ZK-EVM proofs that we need anyway to scale L1. This is a precompile that verifies a ZK-EVM proof, and it's "part of Ethereum", so (i) it auto-upgrades along with Ethereum, and (ii) if the precompile has a bug, Ethereum will hard-fork to fix the bug. The native rollup precompile would make full, security-council-free, EVM verification accessible. We should spend much more time working out how to design it in such a way that if your L2 is "EVM plus other stuff", then the native rollup precompile would verify the EVM, and you only have to bring your own prover for the "other stuff" (eg. Stylus). This might involve a canonical way of exposing a lookup table between contract call inputs and outputs, and letting you provide your own values to the lookup table (that you would prove separately). This would make it easy to have safe, strong, trustless interoperability with Ethereum. It also enables synchronous composability (see: ethresear.ch/t/combining-pr… and ethresear.ch/t/synchronous-… ). And from there, it's each L2's choice exactly what they want to build. Don't just "extend L1", figure out something new to add. This of course means that some will add things that are trust-dependent, or backdoored, or otherwise insecure; this is unavoidable in a permissionless ecosystem where developers have freedom. Our job should make to make it clear to users what guarantees they have, and to build up the strongest Ethereum that we can.
中文
Lighter was built as a ZK rollup Ethereum L2 with custom circuits for verifiable finance, enabling high frequency trading in the Ethereum ecosystem.
We are proud to have the highest TPS of any L2 and fourth-largest TVL. More to come with Lighter EVM!
x.com/VitalikButerin…
vitalik.eth@VitalikButerin
There have recently been some discussions on the ongoing role of L2s in the Ethereum ecosystem, especially in the face of two facts: * L2s' progress to stage 2 (and, secondarily, on interop) has been far slower and more difficult than originally expected * L1 itself is scaling, fees are very low, and gaslimits are projected to increase greatly in 2026 Both of these facts, for their own separate reasons, mean that the original vision of L2s and their role in Ethereum no longer makes sense, and we need a new path. First, let us recap the original vision. Ethereum needs to scale. The definition of "Ethereum scaling" is the existence of large quantities of block space that is backed by the full faith and credit of Ethereum - that is, block space where, if you do things (including with ETH) inside that block space, your activities are guaranteed to be valid, uncensored, unreverted, untouched, as long as Ethereum itself functions. If you create a 10000 TPS EVM where its connection to L1 is mediated by a multisig bridge, then you are not scaling Ethereum. This vision no longer makes sense. L1 does not need L2s to be "branded shards", because L1 is itself scaling. And L2s are not able or willing to satisfy the properties that a true "branded shard" would require. I've even seen at least one explicitly saying that they may never want to go beyond stage 1, not just for technical reasons around ZK-EVM safety, but also because their customers' regulatory needs require them to have ultimate control. This may be doing the right thing for your customers. But it should be obvious that if you are doing this, then you are not "scaling Ethereum" in the sense meant by the rollup-centric roadmap. But that's fine! it's fine because Ethereum itself is now scaling directly on L1, with large planned increases to its gas limit this year and the years ahead. We should stop thinking about L2s as literally being "branded shards" of Ethereum, with the social status and responsibilities that this entails. Instead, we can think of L2s as being a full spectrum, which includes both chains backed by the full faith and credit of Ethereum with various unique properties (eg. not just EVM), as well as a whole array of options at different levels of connection to Ethereum, that each person (or bot) is free to care about or not care about depending on their needs. What would I do today if I were an L2? * Identify a value add other than "scaling". Examples: (i) non-EVM specialized features/VMs around privacy, (ii) efficiency specialized around a particular application, (iii) truly extreme levels of scaling that even a greatly expanded L1 will not do, (iv) a totally different design for non-financial applications, eg. social, identity, AI, (v) ultra-low-latency and other sequencing properties, (vi) maybe built-in oracles or decentralized dispute resolution or other "non-computationally-verifiable" features * Be stage 1 at the minimum (otherwise you really are just a separate L1 with a bridge, and you should just call yourself that) if you're doing things with ETH or other ethereum-issued assets * Support maximum interoperability with Ethereum, though this will differ for each one (eg. what if you're not EVM, or even not financial?) From Ethereum's side, over the past few months I've become more convinced of the value of the native rollup precompile, particuarly once we have enshrined ZK-EVM proofs that we need anyway to scale L1. This is a precompile that verifies a ZK-EVM proof, and it's "part of Ethereum", so (i) it auto-upgrades along with Ethereum, and (ii) if the precompile has a bug, Ethereum will hard-fork to fix the bug. The native rollup precompile would make full, security-council-free, EVM verification accessible. We should spend much more time working out how to design it in such a way that if your L2 is "EVM plus other stuff", then the native rollup precompile would verify the EVM, and you only have to bring your own prover for the "other stuff" (eg. Stylus). This might involve a canonical way of exposing a lookup table between contract call inputs and outputs, and letting you provide your own values to the lookup table (that you would prove separately). This would make it easy to have safe, strong, trustless interoperability with Ethereum. It also enables synchronous composability (see: ethresear.ch/t/combining-pr… and ethresear.ch/t/synchronous-… ). And from there, it's each L2's choice exactly what they want to build. Don't just "extend L1", figure out something new to add. This of course means that some will add things that are trust-dependent, or backdoored, or otherwise insecure; this is unavoidable in a permissionless ecosystem where developers have freedom. Our job should make to make it clear to users what guarantees they have, and to build up the strongest Ethereum that we can.
English
Zama 的盲拍市场参与了 1.21 亿，不少资金等着尾盘押注，参与金额陡峭了起来。可能是前几个打新项目让市场冷静了些，还是比想象中的要少，但确实也在等这样一个机会，超额收益一般都在市场谨慎时出现，拭目以待
Zama@zama
The bidding phase of the Zama Public Auction is now complete. Total Value Shielded (TVS) has surpassed $121M, marking an important milestone for Zama, Fully Homomorphic Encryption, and blockchain privacy. The auction contract has entered the settlement phase, and bids from the @kucoincom and @CoinList sales are being included in the Public Auction contract. Bidders will be able to view their final allocation at auction.zama.org in the coming days. Claim opens on February 2. Thank you to everyone who believes in what we’re building at Zama 💛
中文
tlb retweeted
Seems to me that self-employed & independent people tend to not like to work under personal trainers telling them precisely what to do.
Is this observation correct?
English
I m ready
Zama@zama
Announcing the Zama Public Auction. We’re selling 10% of the $ZAMA supply via a sealed-bid Dutch auction on Ethereum, using the Zama Protocol itself to keep bids confidential with FHE. Why this matters: ◼️ Fair distribution & real price discovery ◼️ No bot sniping or gas wars ◼️ Tokens are unlocked immediately 🗓️ Auction: Jan 12–15 🗓️ Claim: Jan 20 $ZAMA is the utility token of the Zama Protocol, a confidentiality layer for existing L1s/L2s: ◼️ Pay encryption & decryption fees ◼️ Stake or delegate to operators ◼️ Help secure FHE coprocessors & KMS nodes Mainnet is expected to launch by year-end, with $ZAMA fully functional before the auction. Get notified at launch: auction.zama.org
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tlb retweeted
TradFi just met DeFi, onchain.
@capmoney_ is bringing institutional credit onchain, powered by EigenLayer.
Its inaugural user? @FlowTraders, one of the world’s largest market makers.
This marks a milestone: regulated institutions are now accessing onchain liquidity through cryptoeconomically secured DeFi infra.
More 🧵⬇️
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@dhaheri_12 @moo9000 @SuperteamAE @binance @cz_binance @Bybit_Official @benbybit @okx @cryptocom @kris Correct. UAE builds the future
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Your claims about the UAE are simply false.
First of all The UAE did not ban Bitcoin, self-custody, or wallets.
Users aren’t affected.
The UAE is one of the world’s most pro-crypto hubs.
@binance & @cz_binance , @Bybit_Official & @benbybit , @okx , @cryptocom & @kris , and major market makers all operate legally under SCA, VARA, and ADGM.
If crypto was “banned,” none of them would be here.
Article 62 targets unlicensed entities, not regular people.
Holding Bitcoin, using a wallet, or running an explorer is not prohibited.
Your “repressive government” comments are outdated stereotypes.
The UAE built SCA regulations, VARA, ADGM’s DLT regime, and a global digital-asset ecosystem long before most countries even had clarity.
Respectfully: stop spreading misinformation about a country you clearly don’t understand.
The UAE is building the future of digital assets not banning them.
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UNITED ARAB EMIRATES BANS BITCOIN
I have bad news for all crypto habibis in Dubai, it's real.
The New Central Bank of the UAE Law was issued in the Official Gazette and became legally effective as of September 16, 2025.
The law in particular makes it a crime to offer any "tools," which include self-custodial Bitcoin wallets, blockchain explorers, and coin market cap sites, to United Arab Emirates citizens without a license.
"Importantly, this goes beyond simply prohibiting the carrying out of regulated activities without a license; it now expressly captures the facilitation of such activities, either directly or indirectly. This means that entities providing technological infrastructure, platforms, protocols, or digital tools that enable or support the delivery of financial services may themselves fall within the regulatory perimeter, even if they do not directly offer the underlying financial products or services."
No wallet. No Bitcoin. No problem. Even if no indirectly. Only Bitcoin you are allowed to own is one permitted by Central Bank of UAE.
The punished for breaking the law is jail time and fine up to 136 147 039,00 United States Dollar.
"Article 170 introduces a new criminal penalty for such conduct. Persons that engage in a licensed financial activity without a license may face imprisonment and/or a fine between AED 50,000 and AED 500 million, representing a significant increase over the penalties available under the 2018 Law. This is a notable development, and we may see increased enforcement in light of this new framework."
This should not come as a surprise, since the UAE has a repressive government with a rich history of limiting freedom of speech and freedom of the press. If you have ever visited the country, you know that even WhatsApp calls do not work.
en.wikipedia.org/wiki/Human_rig…
Earlier, such attempts to make self-custody illegal were made in Estonia, Seychelles (as pressed by FATF) and in the EU. Find my last years Devcon presentation about the topic in the next tweet.
As reported by @gibsondunn by Sameera Kimatrai and Aliya Padhani.
gibsondunn.com/uae-central-ba…
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tlb retweeted
Coming Soon: The $ZAMA Token.
$ZAMA is the native token of the Zama Confidential Blockchain Protocol.
It will be used for protocol fees and staking. It follows a burn-and-mint model, where 100% of the fees are burned and tokens are minted to reward operators.
■ Users pay fees to keep transactions confidential (fees are burned)
■ Network operators get rewarded with new $ZAMA tokens
What Do Users Pay For?
■ Encrypting transaction data: $0.005-$0.50
■ Reading confidential balances: $0.001-$0.10
■ Moving confidential assets between chains: $0.01-$1
Heavy users may get big discounts (up to 100x cheaper). Prices stay stable in USD even if the token price changes, creating predictability for developers who use Zama in their products.
Real Example: Confidential Token Transfer.
■ Send tokens without revealing amounts or balances
■ Cost: $0.008-$0.80 depending on your usage level
■ Power users pay pennies; casual users pay under $1
How Operators Get Paid.
The Zama Protocol uses Delegated Proof-of-Stake, with 18 operators running the protocol: initially 13 KMS nodes and 5 FHE Coprocessors (and more over time).
■ Coprocessors: bigger rewards, higher costs
■ KMS nodes: smaller rewards, lower costs
Token holders can delegate their stake to these operators to help secure the network.
Zama’s tokenomics are designed to be self-sufficient.
If 10% of future crypto transactions are encrypted, it could result in $1B+ in yearly fees.
Read more in the Litepaper: docs.zama.org/protocol/zama-…
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两个大块头项目小试牛刀，这种安全框架可以复用。这种对安全性的背书比机构来的更有性价比，后续应该会有很多项目模仿。
EigenCloud@eigencloud
EigenZero is here! We’re thrilled to partner with @LayerZero_Core to launch EigenZero, first implementation of the CryptoEconomic Decentralized Verifier Network (DVN) Framework. Powered by EigenCloud’s slashing infrastructure and backed by $5M in ZRO stake. With EigenZero, correctness is economically enforced, if verification fails, stake is slashed, and users are compensated. Learn more ⬇️ 🧵
中文
.@moshaikh, the cofounder of the well-known blockchain development company Aptos Labs, announced that he and three former colleagues had raised $50 million for a new venture fund, Maximum Frequency Ventures, focused on crypto companies. trib.al/HiY37jg
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I’m back and excited to share Maximum Frequency Ventures inaugural $50m fund with the world. MFV was built as an evolution to venture capital in crypto. CT is quick to dunk on VCs, often rightfully so, but venture capital remains still one of the strongest forces for good in this industry.
@moshaikh @alextang @jerome_ and I built MFV as a vehicle designed to support founders to build generational companies while we remain in the trenches with them.
Supporting builders was the best part of working at Aptos - seeing hungry founders grind and win. We cultivated 200+ projects with a collective $150m raised across them. Those experiences taught us what great founders need and where VC often falls short.
That realization led us here. We’re a VC that spends more time building than investing. Rolling up our sleeves is the foundation for this venture.
Our team came together naturally as we saw ~90% of the collective business outcomes at Aptos. From the biggest partnerships to ecosystem-defining deals, we’ve lived the highs and lows of scaling in real time and we’ll bring that same experience to every company we invest in.
The timing couldn’t be better. The next wave of crypto demands builders who can execute with precision, resilience, and speed. We’re ready to match that energy.
It’s time for VCs to build. MFV will be in the trenches. See you there.
FORTUNE@FortuneMagazine
.@moshaikh, the cofounder of the well-known blockchain development company Aptos Labs, announced that he and three former colleagues had raised $50 million for a new venture fund, Maximum Frequency Ventures, focused on crypto companies. trib.al/HiY37jg
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更新了 2 种账户模式 @Lighter_xyz ，一种是免费的，但速度没有优势的；一种是付费的，但速度具有优势的。
按照我的交易习惯来说，很少下市价单，通常是根据自己的预期提前挂出买卖单，并且交易不会很频繁，这对延迟几乎没有要求。
对交易延迟有毫秒级需求的是量化交易员，他们进一步获得了速度优势——本身这也是他们最依赖的优势，费用部分可以返还生态 LLP、风险基金、代币持有者等
设计上来看是一种各取所需，合理的资源分配
中文
tlb retweeted