DecentMuse

Heres how anyone can get early access to Mythos…

@binji_x Holler at your boi

making a groupchat for people who like ethereum lmk

@_Enoch @Appledore_0 Also likewise in reverse being able to run flashloan liquidations from L2 lending instances tapping L1 liquidity which would eliminate major L2 growth constraints and requirements to pay for short term liquidity

My favorite possible use of realtime proving and synchronous composability on rollups is being able to atomically interact with a potentially-trustful L2, directly from L1, and assume no custodial risk.

@scupytrooples @Ov3rKoalafied @MajorScrubLord Dream team

This is the culmination of years of hard work and learnings from being in the DeFi trenches since February 2021. I’m so incredibly proud of my team, and they all deserve a shout out! @Ov3rKoalafied for coordinating our team and being involved in the v3 spec @MajorScrubLord for doing the impossible and creating a gas efficient O(1) positional decay with lazy updating accounting system (the magic of v3) @ButlerATTS, @t0rbik and for making a beautiful, intuitive, and performant UI @metalbased_ for helping design the UI and for aesthetic and professional comms and marketing domo and silur for their work on the MYT and other core v3 systems @imimim1318378 for system modeling and monitoring, and the migration data barree for consistently flawless DAO and treasury operations klom for making a comprehensive v3 documentation site @_Shameless_Plug for opsec, operations, and keeping our discord safe and lively @0xOranges for spreading the word and securing future partnerships @BlockEnthusiast for modeling and simulation aphoticjezter for helping with solving the moon math and Watleuk for being the best discord mod ever I am proud of our work on v3, but as a founder, I am most proud of the team we have assembled. I wouldn’t trade any of them for the world.

L1<>L2 and L2<>L2 synchronous atomic composability beyond native rollups (eg extended to based rollups) would be a game changer for DeFi, and especially lending/money markets. The ability to run flashloan liquidations cross chain would enable L2 ecosystems to grow rapidly and more economically efficient as there would be no need to pay for expensive LP, and any defi primitives could deploy a simple proxy on the L2, making it an easy decision to deploy and meet users where they choose to engage. At first it seems like this would make it harder to “own” TVL as there’s technically no need to attract DEX LP but it would allow lending markets to grow without liquidity constraints as liquidation pathways would be greatly expanded (and thus not bottlenecking growth) so this would increase TVL via money markets, also it would allow the L2 partners to grow their liquidity and TVL in a much more economical fashion where the end users would determine where defi legos want to flourish. Not all rollups will need this but certainly it’s the future of finance focused L2s

@newmichwill I see what you did there

I thought how to call the metric I have in AMM simulator. How about “Minimal Impermanent Loss Adjusted Direct Yield”?

@goekhan 🤝

@DecentMuse WinAmp is the original blockchain.

someone made an infinite winamp skins museum skins.webamp.org

@jaibhavnani Represent 🤝

DeFi bear posting gets 100x the engagement as bull posting. The popular view now is that DeFi has failed and it is time to move on. Yet, in these moments is usually when magic is made. While it feels dark, this is the most bullish I have been in years. The tech works.

@coinwitch Brrrrrap brrrap youtu.be/-PMZNj0bhlA?si…

@DecentMuse mad scientist philosopher hackers in control 😤

ETHEREUM

@mfisher10x @katana Likewise brother

@DecentMuse @katana Pleasure to build alongside you ⚔️

As someone who, once upon a time, was an Aave power user generating mid 8 figures of borrow demand doing defi strategies for a living - I have to say that Morpho architecture is bar none best in the industry. Not here to FUD Aave - will always have respect but for anyone deep in the weeds can clearly see Morpho is the future.

Big fan of Morpho but I think the Aave FUD is way overblown. It’s increasingly clear that Aave is currently the central bank of DeFi. They have the most amount of cheap capital. That’s a hard position to pull away.

@dimabuterin dads a chad

You can stop reading after this bullshit sentence "Vitalik knows it and is selling" They are engagement hungry clowns and not researchers.

@bread_ @MikeIppolito_ the main benefit of blobs post real-time proving regime is better L1 and cross-rollup interop, with the ability to have atomic execution / synchronous composability. entirely defragments liquidity b/t L1,native, and based rollups, and can do cross-chain flashloan liquidations

What are they getting though? That has always been my contention with blobs. The net-gain is buried 3 layers deep in a tech doc that no one understands for the privilege of higher fees and lower capacity. And then it's all downstream of larger issues like the multisigs over the bridge.

My best guess on how the L2 ecosystem plays out. 1. Ethereum raises rent on L2s via blob pricing 2. Vitalik begins to ratchet social pressure on interop 3. Struggling L2s that this isn't viable for leave 4. These L2s transition to becoming L1s, mostly fail 5. Remaining <3 L2s adapt their business model 6. "Red Hatization" aka, service providers to enterprises 7. Valuations reset, but last men standing do well 8. Organic demand returns to L1, Ethereum wins "onchain finance" borrow lend, money market uses

@mbaril010 Morpho's pretty dope... just sayin🤝

Well, it was a long run. Looking forward to see where I will move my money.

@LaLiLuLeL0x @lex_node The best play imo is that Base becomes a Based rollup and becomes a cross-chain liquidity vortex using a synchronous composability interop solution similar to this: ethresear.ch/t/synchronous-…

Yeah, I think they’re trying to search a tech niche as L2, fast processing, low latency, etc., especially because, as you say, they’ll try to merge the user base with the on-chain trade side. That’s why I mentioned MEGA, but I see Base going L1 only if they have already decided to sunset it, just as an exit liquidity stuff.

am I wrong to read this blog as signaling base is unlikely to become a stage 2 rollup and is likely to become more L1-like, creating its own decentralization and economic security rather than needing to 'borrow' ethereum's? (lots of references to decentralization, new economic mechanisms, independent client diversity, etc.)?

@Kira_sama 🤌

@DecentMuse Agree. Everyone will want to plug to eth L1

my L2 thesis is still the same: that the future largest consumers of blobs(ETH) will come from custom/corporate/collectives that want to customize their environment while plugging into the global digital substrate. i think major financial hubs and differentiated L2s will thrive, but the future of blockchain isn't just limited to the scope of finance/gambling, it goes far beyond that. blockchain isn't just a layer on top of the internet, it's the internet itself evolving it's own infrastructure/protocol stack in real time. blockchain is the pathway that the the internet (aka global social coordination layer) is using to evolve into a suitable digital economic substrate for a Type 1 civilization. with the state of where ZK proving is today, the L1 is able to scale like crazy now, without sacrificing it's core property - decentralization. it's insane how fast ZK tech is iterating. this is actually super omega bullish for ETH. regardless of L1 scaling factors (which scale L2s even more) L2s/modularity will always make sense for the use cases mentioned above (customization). i think a larger framing will eventually shift to value gained/tied through interoperability. as in, part of the reason you want to plug into the internet is to have some level of global reaching connectivity. depending on how important is it to have atomic composability, like a native rollup will offer where it's basically identical to everything happening on the L1... or the varying degrees on a gradient moving away from that, will determine how much "is it ethereum?" it needs to be. in some cases, eth-based DA/blobs won't be necessary or may be a hinderance, in other cases it'll be a good value anchor by measure of interoperability degree/ease/security/connectivity (however it unfolds). if you, like me, believe the world is becoming more global/digital, and the internet as we know it is continuing to evolve - then it's clear there's going to be exponentially more use cases to plug into this future global digital economic substrate. that means a ton of activity growth on the L1 + a ton of growth in entities/collectives that will materialize as L2s. The more L2s there are, the more L2s that will consume blobs(ETH), the more we will begin to see blob market saturation and true blob pricing emerge (we haven't even seen this yet). These L2s are structural ETH demand vectors - they have to perpetually consume ETH to continue operation, forever, for as long as they want to exist. That's omega bullish ETH too. So in conclusion, L1 scaling is omega bullish ETH, L2 scaling is omega bullish ETH... the common denominator is omega bullish ETH.

@ProffEtherPrint Yeah definitely a clear value add for those reasons and the only value drag (taking away fees from the L1) is something that I think only remains true in a bearish crypto future with low global onchain activity

100% with you ! L2s are a necessity for any big players as Eth mainnet doesn't grant them the control they want, whereas L2s can become their own controllable environment they wish to operate in with the benefits of ethereum. L2s are a composable add on to the core values the L1 provides and they both work in sync

@Chain_AlphaX 🤝

@DecentMuse Blobs are the future, ngmi if you doubt it.