Ricky

@SovereignIntern @0x_daidai is building @native_fi

我感觉链上dex，终局可能还是订单簿，AMM的无偿损失无法避免，双边存入资产缺乏灵活性，无法吸引大型做市商，只是AMM简单易用的特点在早期基础设施不完善的时候得到市场的青睐，基础设施具备的情况下订单簿的资本效率比amm高很多。

Native is proud to be part of Xlayer ecosystem! The future is onchain

Most people think @native_fi is a DEX. That framing is wrong. This is not about trading. It is a shift in what liquidity is. From idle capital in pools to inventory that is rented, reused, and constantly in motion Liquidity stops sitting. It starts working. 🧵

@francescoswiss @KelpDAO @aave how are things going with Compound?

So for now 9 protocols hit because of this @KelpDAO got exploited their liquid restaking token $rsETH was compromised with 116.5k ETH ($293M) withdrawn Then attacker used rsETH as collateral to borrow ETH on @aave, creating massive bad debt and pushing AAVE token down Now Aave multisig froze rsETH on the lending market Attacker wallets funded via Tornado Cash Kelp’s team emergency pauser multisig froze the protocol’s core contracts roughly 46 minutes after the successful drain They still haven't posted anything publicly after almost 3h Protocols that froze their markets: - Aave V3 (could be in a bad debt) - SparkLend - Lido Earn (Mellow strategy meta-vault) - Fluid - Compound - Euler - Upshift (paused High Growth ETH and Kelp Gain vaults) - Pendle PT/YT tokens - some Beefy strategies, possibly Yearn and LayerZero LSTs and restaking have been the fastest growing narrative this cycle

MEV is not innovation, it’s a design defect

@VitalikButerin it's healthier for EF to actually build and execute, instead of pondering on high-level ideological abstract concepts trying to label each applications with a "purpose". We NEED a unified, non-custodian and private CLOB applications to host maker liquidity, not the AMMs bs.

I think it's healthy for us in the Ethereum world to have a more bold and open mindset to many things, particularly on the application layer and on how we see ourselves in the world. We should not compromise on core properties: censorship resistance, open source, privacy, security (CROPS). We should not have "open mindedness" of the type that leaves people with no confidence of what security properties the L1 will still have one year from now. We should not ask ourselves questions like "do we really need light clients to be able to trustlessly verify correctness of the chain?". But especially on the layer of applications and Ethereum's interface to the world, we should be more willing to radically rethink various concepts and step outside our comfort zone. This includes issues of technological direction, eg. "what if AI basically means that wallets as browser extensions and mobile extensions are dead within a year?" One example last year was the shift to thinking about privacy as a first-class consideration, something we value equally to the other types of security. This implies a radically different Ethereum application stack, because the entire stack so far has not been built around privacy. Great, let's build a radically different Ethereum application stack! An example this year is the growing work on the networking side of privacy, both inside the EF and outside. It includes application-layer issues, eg. "what if the rest of defi is basically just universal futures markets on top of a good decentralized oracle and letting users self-organize on top of that?", and "what if the ideal decentralized oracle is just a SNARK over M-of-N small LLMs over zk-TLSes of some major news sites?" (BTW this is interrelated with the AI issue: one consequence of AI is that it moves "applications" away from being discrete categories of behavior with discrete UIs, and more toward being a continuous space, so "build fewer apps and rely on users to self-organize around them" should inevitably expand as a pattern) One example this year is rethinking from zero the role of L2s, and what kind of L2s are actually most synergistic and additive to Ethereum. It also includes culture. This is a big part of "the whole milady thing" for myself, @AyaMiyagotchi and others. Yes, it's a silly meme. Yes, I find the political takes of some milady partisans cringe and sometimes outright bootlickerish (though other milady partisans are quite the opposite). But the core underlying subtext, the message behind the message, is: rip off the suit and tie. If you have your suit and tie on, be willing to grab the nearest wine glass and spill it all over your suit and tie, so you have no choice but to rip it off and reclaim your body's full flexibility and freedom. Actually imagine yourself doing this the next time you get invited to a richpeopleslop formal gala dinner. Take the preconception that you are "respectable", write it down on a piece of paper, crumble it up and burn it. The psychological baptism of doing this leads to the intellectual baptism of unlocking greater creativity and expanding overton windows. For too long, our algorithm in Ethereum has been: we have this existing ecosystem, what's the logical next step to make it one step better? Now, our algorithm should be: we have this L1 that is amazing and will become more amazing, we have a growing array of tools, both those built within our ecosystem and outside it, what are the most valuable things to build, knowing what we know now? If YOU had to write the section of the 2014 Ethereum whitepaper that talked about applications, and take a first-principles perspective of what makes sense in defi, decentralized social, identity, and elsewhere, what would you write? At least take the step of marking all path-dependence concerns down to zero, pretend for a brief moment that the Ethereum chain today has exactly zero usage and you're the one suggesting or building the first apps, and see what comes out. Do this even if you're the one building today's existing apps. This is how Ethereum can grow back stronger.

We are hiring! A top talent grade integration engineer at Native will be the technical bridge between our core liquidity infrastructure and the global DeFi ecosystem. You will be responsible for the "last mile" of our product, ensuring upstream partners can easily consume Native’s liquidity. This is a high-visibility role requiring a unique blend of robust Golang engineering, detailed knowledge of Native SDK and vocal technical diplomacy. Based in Singapore. DM us if you are confident.

1/ Everyone’s talking about prop AMMs on Solana and the potential for implementation on EVM. But here’s the twist, Ethereum already has its own version. Private market makers. They facilitated $13.6B in September alone. 🧵We’ve built the first-ever comprehensive dataset uncovering Ethereum’s private liquidity layer.

@inkymaze Love this lol

Targeting $3B TVL by year-end. Here’s our strategy

@NomadCapital_io we couldn’t be more proud. Keep building.

@DefiIgnas docs.native.org/native-dev/sol…

Mind-blowing moments after discovering something new about crypto are now rarer. Those mind-bending innovations that take time to really understand. And when you do, you think "OMG, that's f***ing amazing!" I remember getting mind-blown after learning about: - Flash loans - Rebase token / Supply adjustment ($AMPL) - AMM: x * y = k and how impermanent loss rekts you - MEV (Sandwich attack) - YFI: free token has value? - Liquidity mining - giving tokens for free to boost liquidity - veToken (the OG flywheel model) - Fluid's Smart Debt (borrowed assets as liquidity) What are some new, mind-blowing things you've noticed this cycle?

@DefiIgnas Check out @native_fi for credit pool as an alternative to AMM for maker liquidity. No IL, no Mev and non-custodian.

We are excited to introduce Buidlpad's Community Distribution of $SAHARA @saharaai has built the first full-stack, AI-native blockchain platform where anyone on any chain can create, contribute to, and monetize AI, making the future of AI more accessible, equitable, and open to all. Participate here: buidlpad.com/projects/sahar… Note: This distribution is conducted independently by Buidlpad. Learn More 🧵

🟢Native V2: The OS layer for Onchain Market Making

@knwang @EnsoBuild @native_fi

solvers are silently moving the market structure of trading from on-chain to off-chain. not (just) because intents are cool and give better UX; but because better market structure always wins orderflow long term. study: - Shortcuts from @EnsoBuild - Tycho from @PropellerSwap - Superpositions from @BarterDeFi - name tbd from @sprinter_ux - inventory access from @nomial_io - rebalancing from @EverclearOrg current "dapps" are mostly just liquidity apps. when market structure itself is changing, it pays to pay attention

@native_fi Actually pretty cool

How cool is our logo now?

@AndreCronjeTech lol actually funny

The most knowledgable, experienced and sensible OG in how to launch a token in ICO @NomadCapital_io @ErickNomad ICO is sooo back!

🌟 Excited to co-host the exclusive @MantaNetwork x @ETHKL1 VIP Dinner! The Native team will be in KL for #ETHKL24 🇲🇾 An evening of in-depth networking and engaging discussions on the latest in Web3 awaits 🔥 📍 Kuala Lumpur, Malaysia 📅 Saturday, October 5 ⏳ 6 - 9pm GMT+8 Looking forward to connecting with fellow buidlers and innovators! Save your seat: lu.ma/4720gu2d

Friends started a Telegram channel focused on AI x crypto news rollup in case anyone finds it useful t.me/cryptoaipulse