CAO MINH HAI
221 posts

CAO MINH HAI retweetledi
CAO MINH HAI retweetledi

Up to $15,000 on the line for top traders in the Mode Perps Trading Competition this week
Pro-rata OP rewards sent straight to the top traders every Wednesday 💸
Start climbing the leaderboard NOW 👇
trade.mode.network

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CAO MINH HAI retweetledi
CAO MINH HAI retweetledi

3 weeks later...
World Network is now more than 16 million verified humans strong. Proof of human continues to scale.
GIF
World@worldnetwork
The real human network is now 15M strong. That's one real human verified every 4 seconds since World Network launched.
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Introducing Alpha STETH, a collaboration with @LidoFinance to put stETH back at the heart of Ethereum DeFi.
Powered by the uniquely powerful GG Vault, you get:
One deposit → adaptive allocation across blue-chip protocols
Somm Finance@sommfinance
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Amazing to see so many major L2s now at stage 1.
The next goal we should shoot for is, in my view, fast (<1h) withdrawal times, enabled by validity (aka ZK) proof systems.
I consider this even more important than stage 2.
Fast withdrawal times are important because waiting a week to withdraw is simply far too long for people, and even for intent-based bridging (eg. ERC-7683), the cost of capital becomes too high if the liquidity provider has to wait a week. This creates large incentives to instead use solutions with unacceptable trust assumptions (eg. multisigs/MPC) that undermine the whole point of having L2s instead of fully independent L1s.
If we can reduce native withdrawal times to under 1h short term, and 12s medium term, then we can further cement the Ethereum L1 as the default place to issue assets, and the economic center of the Ethereum ecosystem.
To do this, we need to move away from optimistic proof systems, which inherently require waiting multiple days to withdraw.
Historically, ZK proof tech has been immature and expensive, which made optimistic proofs the smart and safe choice. But recently, this is changing rapidly. ethproofs.org is an excellent place to track the progress of ZK-EVM proofs, which have been improving rapidly. Formal verification on ZK proofs is also advancing.
Earlier this year, I proposed a 2-of-3 ZK + OP + TEE proof system strategy that threads the needle between security, speed and maturity:
ethereum-magicians.org/t/a-simple-l2-…
* 2 of 3 systems (ZK, OP) are trustless, so no single actor (incl TEE manufacturer or side channel attacker) can break the proof system by violating a trust assumption
* 2 of 3 systems (ZK, TEE) are instant, so you get fast withdrawals in the normal case
* 2 of 3 systems (TEE, OP) have been in production in various contexts for years
This is one approach; perhaps people will opt to instead do ZK + ZK + OP tiebreak, or ZK + ZK + security council tiebreak. I have no strong opinions here, I care about the underlying goal, which is to be fast (in the normal case) and secure.
With such proof systems, the only remaining bottleneck to fast settlement becomes the gas cost of submitting proofs onchain. This is why short term I say once per hour: if you try to submit a 500k+ gas ZK proof (or a 5m gas STARK) much more often, it adds a high additional cost.
In the longer term, we can solve this with aggregation: N proofs from N rollups (plus txs from privacy-protocol users) can be replaced by a single proof that proves the validity of the N proofs. This becomes economical to submit once per slot, enabling the endgame: near-instant native cross-L2 asset movement through the L1.
Let's work together to make this happen.
L2BEAT 💗@l2beat
Glad to report that all 6 rollups affected by the recent Stage 1 requirements changes have performed the necessary upgrades and are now fully compliant. That includes: - @base - @Optimism - @unichain - @Scroll_ZKP - @inkonchain - @KintoXYZ Now onwards to Stage 2! 🫡
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CAO MINH HAI retweetledi

To all the chads out there staking their $MODE...
Your 41% APY in OP tokens is ready to be claimed 👇
app.sablier.com/airdrops/campa…

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CAO MINH HAI retweetledi

Mode stakers bringing home 39% APY rn 💰
Want a piece of the action?
Stake Mode for veMODE and claim your OP rewards every 2 weeks 👇
gov.mode.network/plugins/stake
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CAO MINH HAI retweetledi

$MODE stakers earned 70% APY in Epoch 5.
Claim your $OP rewards below.
Epoch 6? Just getting started 👇
gov.mode.network/plugins/reward…
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CAO MINH HAI retweetledi

Summer vibes?
How about summer vibe trading?
All on Mode 🟡
Join our summer trade competition now ⬇️ mode.network
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CAO MINH HAI retweetledi

If you’re trading on @HyperliquidX and want an edge - Mode’s AI Terminal has your back 🟡
Drop a screenshot of your position and get instant insights: liquidation probability, PnL potential, and more.
Here’s how it works 👇
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@kratt_AI What do you think when coin somm will be delisted from gate on 3/6/2025?
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Ethereum is for shipping.
Here’s 21 things the global @ethereum ecosystem got done in the last few weeks:
1. The latest upgrade to Ethereum, Pectra, went live.
Pectra introduced smart account wallet features to improve UX, increased capacity for Ethereum L2s by 2x, and activated validator UX improvements.
Ethereum is for 0 downtime upgrades.
2. @Stripe announced their stablecoin financial accounts. Now Stripe users in 101 countries can use Ethereum to hold, send, and receive stablecoins like USDC. Ethereum is for global financial freedom.
3. @Uniswap crossed $3T in all-time swap volume. Ethereum is for 24/7 decentralized markets.
4. @Coalapay deployed > $40,000 raised on Ethereum for the victims of the Myanmar earthquake, using the power of stablecoins to get funds directly to aid recipients. Ethereum is for helping those in need.
5. @Superstatefunds announced Opening Bell, enabling companies to issue public equity onto Ethereum. Ethereum is for public markets.
6. @NasdaqBTCS announced plans to bring ETH exposure into public markets. Ethereum is for ETH.
7. @CoWSwap hit a new record of 24K unique traders, helping protect all of them from the hidden costs of MEV. Ethereum is for the average user.
8. @Aave announced their work with the ANT group to build a real world asset (RWA) marketplace on Ethereum. Ethereum is for tokenization.
9. @ETHRNSM launched a marketing collective for Ethereum, where anyone can submit content that pushes Ethereum culture forward and get rewarded based on performance. Ethereum is for internet culture.
10. @Coinbasewallet announced that @Farcaster will be integrated directly into the wallet feed (early beta), which will enable millions of people to easily use decentralized social media built on Ethereum. Ethereum is for building better social media.
11. @Focustree_app hit 1M downloads & 100K MAUs on @Starknet, helping students earn rewards for staying focused on their studies. Ethereum is for onboarding.
12. @MorphoLabs on @Base reached $1B TVL, The first DeFi protocol to cross this mark on the Base rollup. Ethereum is for DeFi.
13. @World_chain_ now has over 12.5M verified humans on their Ethereum L2. Ethereum is for humans.
14. @ZKsync is now fully EVM equivalent, meaning devs can deploy existing Solidity contracts easily and use existing EVM tooling. Ethereum is for developers.
15. @aztecnetwork launched their public testnet, the next step towards a fully private L2 built on Ethereum. Ethereum is for privacy.
16. Wonder L2 went live, built on @zksync by @WonderFiLabs, which was recently acquired by @RobinhoodApp. Ethereum is for L2s.
17. @SuccinctLabs and @RiscZero announced tech that can prove Ethereum blocks in under 12s, a 10x improvement since last year. This major advancement will accelerate Ethereum’s roadmap and scaling efforts to fully leverage ZK cryptography. Ethereum is for pushing the frontier forward.
Oh, and a few more things…
18. @Base reached stage 1…
19. and @Kinto_xyz reached stage 1…
20. and @Scroll_ZKP reached stage 1…
21. and @Starknet reached stage 1!
Ethereum’s L2 ecosystem is now stronger and more secure than ever before, thanks to the hard work of all these teams. Ethereum is for secure, decentralized L2s that grow the Ethereum ecosystem.
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CAO MINH HAI retweetledi

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