Vincenzo

Deploying fault proof contracts ≠ having working fault proofs. Found 6 OP Stack chains where the proving system can't actually execute. Here's why 🧵

@ngjupeng yeah that would be a good distiction to break down the differences, like is it per-tx authorization, is it a scoped authorization or is it unbounded, etc. For instance gnosis pay once you install the module they can move your tokens whenever they want, but there is a 24h limit

@vincfurc but i wonder, isnt those apps cant move it unless they let you sign allowance/permit/eip3009 etc?

Dangerously misleading table "Only you can move it"? Wrong

@ImmutableLawyer @ngjupeng looks like it.. how does the money leave the smart contract without your signature 🪄

@vincfurc @ngjupeng This table equates deposit to smart contracts as = can’t move your money? 🤣🤣

@ngjupeng The table is a good idea but still the info needs to be checked, people may act on wrong information and that's not good, especially when it comes to money

@vincfurc 👀👀

chains comfortably using ethereum DA: arbitrum, base, optimism, lighter, robinhood, ink, unichain, … chains using alt-DA just in case they get one trillion users: - @Ancient8_gg (celestia): <0.01 tps - @aevoxyz (eigenDA): 0.01 tps - @soon_svm (eigenDA): 0.08 tps - @nillion (celestia): 0.09 tps - @LC (avail): 0.11 tps - @OrderlyNetwork (celestia): 0.19 tps - @DeriveXYZ (celestia): 0.35 tps - @MantaNetwork (celestia): 0.39 tps - @LightLinkChain (celestia): 0.77 tps - @Ronin_Network (eigenDA): 1.40 tps - @EclipseFND (celestia): 2.85 tps - @Celo (eigenDA): 13.72 tps - @megaeth (eigenDA): 26.83 tps 🤨🤨🤨

Easily migrate your ENS to .Gwei ⚡ - mint .gwei corresponding to your ens names - if already minted, then migrate website & avatar records over to your new name 👇

A perp DEX differs from a CEX if it delivers two things: property rights over your collateral, and verifiable execution. We spent some time looking into how @Lighter_xyz and @HyperliquidX actually hold up against both. The answer is more nuanced than either camp wants you to believe. 🧵

Intern notes from @lighter_xyz's Q2 Investor Call > 100% of revenue keeps going to buybacks. 6M LIT were bought back in Q2, while half the circulating supply is currently staked. Staking yield has a 6% target > Token burns will be performed. Value from Lighter products and services will keep accruing to tokenholders rather than having a hybrid equity/token model > Lighter is operating the world's largest proving infra: 3053 Apple Silicon Mac Minis optimized for high-throughput ZK proving. The system processes hundreds of millions of orders per day, then uses ZK proofs to verify batches of trades, cancellations and liquidations approx every 30 minutes. > Infra optimizations helped cut costs by more than 50%. P99 latency over WebSockets was also reduced from a variable 200ms+ to 55ms. A detailed technical post will be shared soon. > During Q2, a fireside chat was held with Vitalik, and @l2beat independently verify Ligter's escape hatch > More than 25 new RWA markets have been added during Q2, including STRC, SpaceX, and pre-IPO futures like Anthropic and OpenAI. OI grew steadily (currently 21.5%), with volumes sustaining around 12% of the platform's total > The Beta RFQ program processed more than $1B in volume, materially improving execution for RWAs and long-tail assets > Advanced TWAP, atomic orders, and chase-limit orders are now live on mainnet, with more advanced order types being developed > USDC and ETH are live as collateral, with ~ $4.2M ETH currently on the platform. Q3 Roadmap includes more stablecoins, tokenized gold, LLP, BTC, stocks, alongside a risk-margin model for correlated positions > Long term, Lighter wants users to post tokenized equities as collateral and reuse that margin across perpetuals, options, and yield opportunities > Lighter is now available through the @RobinhoodApp Wallet. The instance features volume-linked fees, and a 50/50 revenue share with higher maker fees. 11M LIT incentives will be distributed on the instance > Lighter is expanding distribution across crypto-native and mainstream consumer businesses. Integrators have generated $6.4B in total volume, including $2.7B in retail volume through the @wallet_tg integration > Lighter does not plan to compete as a general-purpose blockspace network. Instead, Lighter EVM is intended to provide revenue-generating trading infrastructure: an admin layer, with atomic execution and a programmable interface to Lighter’s matching engine > Roadmap includes Lighter Domains, independent execution environments connected through Lighter EVM, and shared canonical bridge infrastructure > Options are a central part of the roadmap. They will cover both RWA and crypto markets and enable on-chain structured products and yield strategies. Lighter also expects its derivatives-license work to cover options > The ecosystem keeps growing, with 60+ apps built on top of Lighter, as reported by Lit Hub > Team is working closely with the CFTC on a path to becoming a regulated US exchange capable of serving US customers. Regulatory progress could unlock institutional adoption and additional distribution opportunities, with ZK-based counterparty permissioning as a way to support KYC and institutional compliance without publicly exposing user data

@KookCapitalLLC @Strategy You are getting 17% effective yield only if return to par is guaranteed, and it isn't

i unironically think $strc is a generational buy here bottom is in + youre getting ~17% effective dividend yield also its a return of capital dividend ie no tax (lowers your acb youll have a bigger cap gain when you sell) i built a position avg is in the 70s willing to add more also wrote some monthly puts $60 strike strategy has over $50 billion in assets and only $8 billion in liabilities even at this bitcoin price good entry on a great high yield asset

btw this isn’t the first time a bug like this was discovered in zcash. last time it was disclosed after being a year+ in the wild and everyone lost faith and zcash went to zero for 7 years, until they found a new generation of buyers who doesn’t know the history (that’s you)

Why your favourite rollup is not Stage 2:

may i interest you in the TornadoCash HACK?🗣️ It stole deposits and was only fixed after 2 months because nobody detected it.. but it's IMMUTABLE!? - not the ENS domain! how much? the hacker got free money laundering included because they stole directly from the private pool

Silence, vibe-dashboarders! Today, L2BEAT releases the Privacy page. We visited Ethereum's privacy protocols and scrutinized their CROPS 🌽.

So what are we doing? Lowest hanging fruit: embed shielded pool protocols into the wallet layer in a seamless, intermediary-free way. This is what Kohaku's SDK is about. Support Tornado Cash, Railgun, Privacy Pools integrations in wallets with simple interfaces for wallet devs

Wrote this article about @Lighter_xyz recent improvements. Wish I could call this exit-path fully permissionless, but for now Stage 1 is a step closer🤞 This is a big deal for crypto risk managers

Lighter compresses data by over 300X. This hybrid DA while still being fully verifiable is only possible by being a custom ZK L2 rollup on top of Ethereum. Source: @l2beat x.com/therollupco/st…

Lighter's escape hatch just got independently verified: if the sequencer ever dies, you can generate a ZK proof and withdraw directly on Ethereum. Thanks to @L2beat for the writeup on our fully verifiable and permissionless onchain trading infrastructure.

Stages for Validiums & Optimiums are now live on L2BEAT! Until now, the Stages framework only applied to rollups. This change closes that gap by taking into account the extra trust assumptions that come from the DA Layers.

the founder of “the defi report” (apparently sponsored by @galaxyhq) doesn’t read the chain. the two main claims he provides are false: 1. users do need to fully trust lighter team with their funds. contracts are instantly upgradable. escape hatch doesn’t work. 2. the state cannot be fully reconstructed and therefore audited. we know because we tried. l2beat is free!

We're updating the Stage 1 minimum challenge period requirement for optimistic rollups from 7 days to 5 days. TLDR: we find that when strong censorship attacks are excluded, a 5d challenge period is a comfortable lower bound in the presence of soft censorship and network delays for Stage 1: 1d to resolve economic attacks and 4d for network delays. The 7d bound for Stage 2 is unaffected. Learn more in the forum post 👇 forum.l2beat.com/t/stage-1-upda…