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Bankless

ROLLUP: ZkSync Airdrop | Optimism Fault Proofs | Pectra Ethereum Upgrade

Jun 14, 2024

01:16:22

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Snipd AI

The podcast covers topics like ZK Sync airdrop, Optimism fraud proofs, potential rate cuts by the Fed, BTC ETF success, and Ethereum upgrades. It also discusses decentralization in Ethereum development, challenges in crypto markets, and misallocation of funds by the SEC.

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Podcast summary created with Snipd AI

Quick takeaways

ZK Sync airdrops ZK token to 700,000 wallets based on on-chain activity and off-chain contributions for fairer distribution.

Optimism mainnet achieves decentralization with fault proofs, moving away from multi-sig security on layer 2 networks.

Upcoming Pectra upgrade for Ethereum includes EIPs enhancing efficiency, security, and user experience.

Deep dives

ZK Sync Introduces ZK Token and Large Airdrop

ZK Sync introduces the ZK token with a substantial 17.5% airdrop to almost 700,000 wallets. The airdrop included different eligibility criteria involving on-chain activity and off-chain contributions. The distribution breakdown allocated a significant portion to users with on-chain activity, emphasizing community distribution. Feedback and sentiments following the airdrop highlighted concerns over bot activity and the desire for a fairer token distribution approach.

Unlocking Network Efficiency and Scaling with EIP 7251

Advocating for Larger Community Distribution in Token Airdrops

1.

Intro

4min

2.

Challenges and Opportunities in the Crypto Market

13min

3.

Bitcoin ETFs, ZK Sync Airdrop, and Layer Two News

6min

4.

ZK Sync Airdrop Distribution and Challenges

22min

5.

Decentralization of Ethereum Development and Addressing FUD in the Crypto Space

6min

6.

Ethereum Upgrade, Blob Markets, Liquid Staking Competition

20min

7.

Misallocation of Funds and Critique of SEC Behavior

3min

8.

Discussion on Ethereum modularization, Paradigm fund announcement, and VC investment challenges

3min

Bankless Friday Weekly Rollup 2nd Week of June 2024

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TIMESTAMPS & RESOURCES

0:00 Intro

3:31 Markets

8:20 Gary G Says ETH ETF Approval “Sometime in Summer” https://x.com/tier10k/status/1801261940615848004

9:19 L2 Update

11:04 The Fed expects to cut rates just once this year https://www.cnbc.com/2024/06/12/fed-meeting-today-on-interest-rate.html

15:41 Will BTC ETF follow the gold ETF success path? https://x.com/hongkim__/status/1799442365892985257

20:48 ZKSync introduced ZK token https://x.com/TheZKNation/status/1800424206129357194 https://app.aevo.xyz/perpetual/zk https://x.com/eekeyguy_eth/status/1800461976969035910 https://blog.zknation.io/zk-token/ https://zknation.ghost.io/content/images/2024/06/points.png https://x.com/LibraryDefi/status/1800589632909832509 https://x.com/Gautamguptagg/status/1800539906923733397 https://x.com/Gautamguptagg/status/1800539906923733397 https://x.com/TheZKNation/status/1801020410563060031 https://x.com/TrustlessState/status/1801024526001815616 https://x.com/TrustlessState/status/1800758353511207103

36:46 Speaking of Airdrops: Taiko launched their TAIKO token https://x.com/taikoxyz/status/1798336750668136851 Find out whether you are eligible via Claimables! https://bankless.cc/3Jte55n

38:33 Optimism’s fault proofs are live! https://x.com/l2beat/status/1800530188171674070 https://x.com/VitalikButerin/status/1800547329931620625

49:23 Pectra is about to became the biggest upgrade of Ethereum history: https://x.com/sassal0x/status/1798869850200412383

55:34 Symbiotic introduced their restaking platform https://x.com/symbioticfi/status/1800530004776022493

59:29 Eigen Labs acquired Rio Network https://x.com/eigen_labs/status/1800888626642899321

1:01:41 Crypto:The Game was acquired by Uniswap! https://x.com/cryptothegame_/status/1800199946739822594

1:06:28 PleasrDAO releases the WuTang Album https://pitchfork.com/news/wu-tang-clan-once-upon-a-time-in-shaolin-turned-into-nft/ https://www.thealbum.com/

1:09:12 Terraform Labs agreed to pay SEC $4.5B! https://www.coindesk.com/policy/2024/06/12/terraform-labs-do-kwon-agree-to-pay-sec-a-combined-45b-in-civil-fraud-case/ https://x.com/TrustlessState/status/1800955721955283053

1:11:44 Alchemy introduced platform for building rollups https://x.com/alchemyplatform/status/1798747911226040679

1:13:03 New Paradigm Fund https://x.com/matthuang/status/1801283717664526835

1:14:41 The Daily Gwei https://www.youtube.com/@TheDailyGwei/videos https://x.com/thedailygwei https://x.com/sassal0x https://podcasts.apple.com/us/podcast/into-the-ether/id1443920565

1:15:49 Closing & Disclaimers

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures

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