peyha 🕛

The crypto job market has truly changed over the last few months. Hiring top talent has never been easier. At the end of the day, there are only very few projects in crypto that are truly deep and worth working at/investing in, and most projects don't have that much money anymore. Over the last two months, we've made 5 killer hires starting this month. Can't wait.

Beyond policy, I feel like the two meta-problems that have slowed our industry down the most: - Solidity. Shipping truly safe code on EVM is brutally slow. - Talent attractiveness. Deep technical talent doesn't want to work in crypto. They don't see the impact they could create, they only see speculation. We've failed to make the substance of the work legible to people who could move the frontier.

The Arbitrum Security Council has taken emergency action to freeze the 30,766 ETH being held in the address on Arbitrum One that is connected to the KelpDAO exploit. The Security Council acted with input from law enforcement as to the exploiter’s identity, and, at all times, weighed its commitment to the security and integrity of the Arbitrum community without impacting any Arbitrum users or applications. After significant technical diligence and deliberation, the Security Council identified and executed a technical approach to move funds to safety without affecting any other chain state or Arbitrum users. As of April 20 11:26pm ET the funds have been successfully transferred to an intermediary frozen wallet. They are no longer accessible to the address that originally held the funds, and can only be moved by further action by Arbitrum governance, which will be coordinated with relevant parties.

Morpho's fixed rate protocol now has a name: Morpho Midnight. Morpho Midnight is not an iteration of Morpho Blue. It is a completely new paradigm for onchain lending, and should not be considered a "V2" of Blue. Blue = pool-based open term variable markets with externalized risk management. Midnight = intent-based fixed term fixed rate markets with externalized risk AND rate management. The two will coexist, complementing one another to extend the capabilities of the Morpho network. We’ll start sharing more updates on Midnight as audits finalize.

The Solidity function dispatcher is a tree where: - Internal nodes perform binary splits. - Leaf nodes contain up to 4 function selectors, tested linearly. Protip 1: the `fallback` function's bytecode is generated twice in the bytecode. To reduce bytecode size, wrap the fallback logic in an internal function. Protip 2: if you have a very frequently used function, make an alias with a `0x00000000` function selector, which makes it the cheapest to lookup.

0/ Today, the Ethereum Foundation deposited 2400 ETH and ~$6M stablecoins into Morpho’s yield-bearing vaults. Morpho is a pioneer in permissionless DeFi protocols and consistently demonstrates a commitment to Free/Libre Open Source Software (FLOSS) principles.