Special guest Anthony Sassano fills in for Ryan discussing topics like L2 updates, ENA and Wormhole airdrops, Blobs optimization on Ethereum, debates on monetary policy changes, and cultural perspectives on pranks in the crypto space.
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Quick takeaways
Ethereum community debates changing monetary policy; varying viewpoints emerge.
Base chain aims for high scalability with 50% and 33% gas target increases.
Uniswap hits $1 billion in 24-hour volume on base chain, DGen chain launch.
Layer 3 chains like DGen spark debates on use cases, scalability, modularity.
Deep dives
Increased Debate and Discussion Around Ethereum Monetary Policy
There is a debate within the Ethereum community regarding changing ETH's monetary policy, specifically focused on issuing its curve. This topic, dealing with the monetary policy of ETH, has resurfaced, garnering attention and various viewpoints within the community.
Base Chain Capacity Expansion and Layer 2 Optimizations
Base chain has increased its gas targets by 50% and further by another 33%, aiming for high scalability with a target of a 400x capacity increase. With focus on layer 2 optimizations, the goal is to stabilize fees lower and enhance demand with long-term objectives.
Significant Milestones in Base Ecosystem: Uniswap Volume and DGen Chain Launch
Uniswap achieved a significant milestone with a billion dollars in 24-hour volume on the base chain, marking a record. Additionally, the launch of the DGen chain, a layer three for the DGen token community, utilizing base for settlement and Arbitrum's infrastructure, signals a surge in attention towards layer 3 innovations.
Layer 3 Experimentation and Modular Thesis
The emergence of layer 3 chains, exemplified by the DGen chain, represents ongoing experimentation within Ethereum's ecosystem. Leveraging modularity concepts, the DGen chain offers a specific environment for unique use cases, sparking debates on the boundaries between layer 2 and layer 3 functionalities and potential centralized applications.
Layer 2 and Layer 3 Specialization in Ethereum
Ethereum's Layer 2 and Layer 3 protocols are carving out specific roles within the ecosystem, with a focus on scalability and specialization. Layer 3 protocols aim to address specific use cases with hyper-specialized chains, such as serving as decentralized casinos. Compared to Cosmos' approach of individual chains, Ethereum's modular ecosystem is evolving for scalability and efficiency.
Debate on Ethereum's Monetary Policy and ETH Issuance Curve
A heated debate within the Ethereum community revolves around proposals to adjust Ethereum's monetary policy and issuance curve. Concerns have arisen over changes to the ETH issuance curve and the potential impact on security and network stability. While proposing adjustments to ensure efficient network operation, the community remains divided on the implications and risks associated with altering ETH's monetary policy.
Drama Between Aave and Maker in the DeFi Landscape
Tensions have risen between Aave and Maker in the DeFi space, primarily focusing on collateralization and risk management. Aave's decision to reduce exposure to DAI due to risk concerns stemming from Maker's integration of new synthetic assets has sparked controversy. This conflict highlights differing views on risk management strategies and collateral policies between these prominent DeFi protocols.
Bankless Friday Weekly Rollup First Week of April, 2024
Major thanks to Anthony Sassano for filling in for Ryan as he takes some time off to update his firmware. https://x.com/sassal0x ------ 🌐 CRYPTEX | GET INVOLVED WITH GOVERNANCE FOR THE FUTURE OF DECENTRALIZED MARKETS https://bankless.cc/Cryptex_pod
