Discover and read the best of Twitter Threads about #l2

Most recents (24)

Scalability has been one of the most discussed topics attached to every blockchain

Is there a perfect solution?
#DeFi #L2 #Ethereum
🧵
Scalability is the ability of a blockchain to process a large no of transactions without affecting the transaction fees and transaction throughput.

To scale a blockchain you can either:

📍SCALE THE BASE LAYER (L-1)
📍OUTSOURCE SOME OF THE WORK TO A NEW LAYER -L2
Layer 2 is a protocol that is built on top on an existing blockchain (L1) with the sole purpose of improving the scalability and
efficiency of the existing blockchain.

There are different types of scaling solution:
Read 9 tweets
GTON Capital: reimagining the #utility and #scalability of #Web3

1/⚜️ The @GtonCapital team is building an ecosystem of innovative web3 infrastructure and products by synergizing the best achievements of decentralized web technology a brave little baby is expl...
2/⚜️ The vision of the $GTON team presents a new phase in the evolution of the #cryptocurrency landscape, with decentralized #stablecoins and scalable #smartcontract execution layers at its core, enabling millions of #dApps to improve the lives of billions of users
3/⚜️ We are currently facing a "Cambrian explosion" of alt-L1 and L2 protocols, #DeFi dApps and #NFT, #GameFi and X2Earn business models, and #Metaverses
Read 17 tweets
1/14 I've been deeply following @synthetix_io lately, and fundamentals + financials figures are touching the sky. So if you invested in it, here is a simple guide for #DeFi Noobs about #staking $SNX on @synthetix_io platform 🧵👇
And read it carefully!
2/14 First, staking is done on #L2 #Optimism #blockchain
staking.synthetix.io
Current APR is 57,21%.
Rewards are in $sUSD - #StableCoin & $SNX. Tokens MUST be claimed every week before the end of each epoch (Wed. at 09:00 UTC) -> Otherwise, rewards go back to the pool.
3/14 $SNX rewards do not go directly into your #web3 wallet, instead, claimed $SNX are escrowed on this webpage staking.synthetix.io/escrow, and you can get them back in 12 months from the claim date. In the mean time, you can stake them, and increase your staked amount of $SNX
Read 18 tweets
A thread 🧵

Another day, another thread for you. We just can't stop! This time, it's about @yagi_fi 👏 Image
1/12 Today's #ZEND&FRIENDS AMA guest will be @p_e , Founder of Yagi Finance, a keeper network allowing web3 builders to outsource their DevOps and automate non-core protocol actions. Image
2/12 Why is this important?🚩Often times, developers have to custom build bots (also referred to as keepers) to automate smart contract actions. This can require a substantial amount of time and manpower, especially for smaller start-up teams.
Read 13 tweets
🧵A thread on Argent
1/15 We're excited to host @argentHQ on our Twitter Spaces this week. Want a primer on Argent and what they do? LFG! 🚀
2/15 Argent is a smart wallet 💰 designed for all things #DeFi and #Web3. It is a non-custodial wallet that combines easy access to dApps with security features such as multisig and social recovery, doing away with seed phrases.
Read 17 tweets
0/ @MetisDAO is a hyper-scalable rollup-based layer 2 solution built on Ethereum. But $METIS is not just your average optimistic rollup 🌿

A 🧵 on $METIS and why you should pay attention (0/29)👇

#L222 Image
@MetisDAO 1/ But before we dive into @MetisDAO, let’s quickly take @optimismPBC as an example to see how $METIS tackles problems that other optimistic rollups face today
@MetisDAO @optimismPBC 2/ #Optimism uses a single node called Sequencer to generate blocks on #L2. This bears speed advantages as blocks are generated in seconds because new blocks do not need to be handed over to other nodes for verification Image
Read 30 tweets
0/ Until today, L2 AMM designs entailed moving the AMM to L2 in its entirety including liquidity, resulting in undesirable fragmentation of base layer liquidity

@StarkWareLtd's concept of a distributed AMM (dAMM) fixes this

A 🧵 on what dAMM is and how it works (0/15) ✨👇 Image
@StarkWareLtd 1/ The concept of the distributed AMM (dAMM), is an L2-powered AMM design that allows liquidity to remain on L1, while users trade on L2
@StarkWareLtd 2/ Beyond allowing L1-based Liquidity Providers (LPs) to participate in and profit from #L2 AMM activity, this design also allows for multiple L2 solutions to leverage the same L1 AMM infrastructure
Read 17 tweets
As we're seeing the earliest signs of #MEV on #L2 taking off, let's take a minute to consider some perceived design/architecture choices and trade-offs which L2 teams have to consider.🧵
1) Balance the needs of your stakeholders:
- End users don't want to get sandwiched, users need to be adamant with setting (max) slippage

- Arbitrageurs bring volume/activity to the rollup and can help with eliminating pricing/timely liquidations etc.
2) Trust assumptions:
- if you can trust the sequencer not to front-run, things are fine,
- if you don't they're likely not
- but: MEV protection mechanism may introduce additional trust assumptions
Read 8 tweets
.@a16z released their annual #crypto report.

I've read the 56 slides so you don't have to. 🙃

A summary of the actual use cases, trends, and what's next. 🧶 1/n
A) Actual use cases

A common criticism of #web3 is the lack of actual use cases. Let's see if that's true. 2/n
#Crypto has increased the financial freedom of the average consumer.

This applies for both poorer and richer nations.

Time to check some numbers. 3/n
Read 16 tweets
@CyOpProtocol explained - PART 1

main concept is to disrupt any #ERC20 #Crypto project using the #CyOp fund, filled by buying/selling $CyOp due to a 7% transaction tax collected in $ETH.

...to be continued! \\obey the protocol
@CyOpProtocol @CyOpProtocol explained - PART 2

80% of the fund is used to market buy the #ERC20 token, 10% to increase the $CyOp liquidity and the remaining 10% are the matrix glitch and can be won by a random $CyOp staker every voting epoch.

...to be continued! \\obey the protocol
@CyOpProtocol @CyOpProtocol explained - PART 3

50% of the market buy is send to the #Void and the #ERC20 tokens are burned. means less circulating supply for the disrupted #Crypto project, a floor price / market cap in the end and free marketing.

...to be continued! \\obey the protocol
Read 18 tweets
We've been positive about the #L222 innovation.

@zksync and @StarkWareLtd (StarkNet) are the biggest projects that use ZK-Rollups

Which one will ultimately prevail⁉️

Thread 👇🧵
@zksync @StarkWareLtd 1/ @zksync and @StarkWareLtd are Layer 2 ZK-Rollups scaling solutions on #Ethereum that offer low gas and fast transactions while maintaining the security 💪
@zksync @StarkWareLtd 1.1/ ✨ Transactions will only be confirmed when these proofs are confirmed and only these proofs are stored on the main chain, which improves speed and saves a lot of gas fees compared to having to verify each transaction on L1.
Read 11 tweets
1/ As I can see a lot of requests in twitter/telegram for $METIS charting and where we're headed short/mid/long-term and "Wy DuMp Ser"
I'm sharing this thread with you mortals.

No Moon stuff, No FUD, NO BS.
I'll be as real as it gets.
2/... 👇
2/ The Ascending Triangle has been broken so it looks like we won't break through the $160-170 rn.
So where to now?

Looks like short-term we'll range between $120-165.
Is this good or bad?
Depends.
For ppl that don't want to wait and/or trade it's not so good.
BUT...
3/ 👇
3/ For every1 else this is a HUGE opportunity to stack more $METIS or USDC.
If you simply buy at 120-130 and sell at 155-165 you are getting a quick 20-30% ROI (not to mention you can Short on the way down).

So short-term the range 120-165 is Good for some and Bad for others.
4/
Read 8 tweets
🚀✨ Layer 2 Landscape #11 ✨🚀
----------------------------------------

(1/15) Hello! Another busy week for #L222 #Layer2 #Ethereum. Let's dive in! 🧵👇
(2/15) Growth of the #Layer2 #Ethereum ecosystem will drive ETH to new heights! Check out this thread by @RyanBerckmans for more on L2s and ETH economics:
(3/15) We were treated to a 🔥 educational thread this week by @pythontony on how he technology behind zk proofs works:
Read 15 tweets
🐦 Kombajn do #Airdrop na 2022 rok

👉W poniższych wpisach przedstawię Wam moje predykcje na najlepsze dropy w tym roku.

Dlaczego najlepsze?

Bo dotykają warst #L2 na #Ethereum - jak wiemy gorącego tematu na ten rok.

Czytajcie do końca🧵
1/x @optimismPBC

Odpal sieć Optimism (chainlist.org) i używaj jak największej ilości aplikacji

👉Tutaj znajdziesz listę: optimism.io/apps/all oraz skorzystaj z oficjalnego mostu: gateway.optimism.io/welcome
2/x @arbitrum

Włącz sieć Arbitrum (chainlist.org) i zostaw swoją obecność w jak największej ilości aplikacji

👉Tutaj znajdziesz listę: portal.arbitrum.one oraz skorzystaj z oficjalnego mostu: bridge.arbitrum.io Image
Read 6 tweets
Selamlar.. Bugün katılacağımız testnet Arbitrum üzerinde olacak.. Hem daha önce Arbitrum kullanmamış arkadaşlara ufak bir referans olur hemde farklı bir ekosistem denemiş olursunuz..

Önemli!

Keyifli okumalar <3

#Arbitrum #L2 #Airdrop #Testnet @SatisDEX
1- Öncelikle şunu belirtmek isterim, bu testnetin polygon versiyonuda var. Normal şartlarda onuda anlatırdım ancak şu aralar flood yazmakta çok zorlanıyorum bir kaç nedenden dolayı, gücüm yettiğince artık. Fark etmişsinizdir az testnet paylaşıyorum.
2- Ben size polygon ağı ve faucet bırakacağım aynı işlemleri isteyen orada da yapar.

chainlist.org üzerine gidiyoruz.

Arbitrum: Arbitrum Rinkeby
Polygon: Mumbai

Ağlarını tilkimaska ekliyoruz.

Polygon faucet: faucet.polygon.technology

++
Read 8 tweets
Let's talk #L2 and @optimismPBC for normal users.

First, why would you want to even consider using it? Well it is dirt cheep and regularly getting cheeper as they make upgrades and enhancements.

It is also the 2nd most used L@ already.

1/12
Let's look at some protocols on L2 for people to use.

First of cause is the OG @synthetix_io. It is currently the largest TVL based project here, building out many new functions that will allow for more $sUSD liquidity as well as provide a foundation for other protocols.

2/12
Next is @kwenta_io It is currently in complete redevelopment. Very exciting times ahead!

- Derivatives Trading
- - Crypto, Indices, Forex, Commodities, Equities etc
- Long & Short Trading
- FUTURES Trading!

All non-custodial & decentralised!

3/12
Read 12 tweets
#Layer2 Scaling is a concept that is used in the #Ethereum communities with some believing it represents $ETH future.

What does this truly imply? 🤌🏼

How does it operate and why do we need it? 🧐

Today we will deep dive into non-custodial solutions ⬇️
1/ Over the past years, #Ethereum popularity has resulted in a massive rise in transactions and, therefore, #network traffic.

With several users competing for faster #transaction processing, a bidding war occurs, resulting in very expensive gas fees for each user.
Once new scaling solutions arise in the #blockchain space, it is always necessary to consider:

- how much they inherit #Layer1 #security and network characteristics

- if they impose stricter user requirements compared to the underlying #Layer1
Read 15 tweets
1/ Yesterday, I highlighted zkSync.

So it only makes sense that I do the same for @StarkWareLtd and their #Ethereum rollup solutions #L222 #StarkEx and #StarkNet

Another deep-dive thread into one of the projects changing the scaling world 🧵...
2/ First, again, some high-level Pros and Cons
Pros with using Starkware products

- Increased TPS compared to ORs (~9,000+ TPS on Ropsten testnet)
- Faster withdrawals (no challenge period), enabling better capital efficiency and liquidity
- #Validiums (discussed below)
3/ Cons

- Developer UX and porting of dApps from L1 to #L2 is more challenging than OR options
- #Cairo language less popular among developers = less talent pool to build on Starkware
- With Starkware's #Validium option, there's a technical challenge in solving DA problem.
Read 25 tweets
1/ CT giving waaay too much shine to these @bitfinex idiots.

Sure, reality TV is fun (I guess) but instead, I’ll try to send the spotlight to a more deserving group: @zksync @the_matter_labs @gluk64

Thread time 🧵...
2/ To begin, some high-level Pros and Cons of zkSync’s approach to zk-rollups (ZKs)

Pros
- Less data contained in each transaction increases throughput and decreases fees (vs L1)
- No withdrawal periods and faster finality
- Inherent (and cheap) privacy (improvements)**
3/ Cons

- Generalized smart contract support (similar to @StarkWareLabs #StarkNet ) is not live or production-ready
- Initial trusted setup ceremony scares some, introduces trust
- New, less battle-tested cryptography **

@0xangelfish
Read 26 tweets
یکی از پروژه های مد نظرم که تو حوزه privacy فعالیت میکنه

به نظرم امسال (یا سال دیگه) شاهد هایپ پروژه های حوزه privacy باشیم و کنارش هم پروژه های L2

غیر از این 4 تا پروژه مهم دیگه تو این حوزه فعالیت میکنن که دوست دارم شما اسمشون رو بگید ...

#L2 #Privacy
- احتمالا در دراز مدت سود بدن نه یهویی

- این پروژه ها privacy coin نیستن (مثل ZEC, XMR و ...) بلکه پروژه های زیرساختی هستن (مثل ROSE, SCRT)

- بر خلاف L2 ها که فکر میکنم اکثرشون قسمتی از توکن هاشون رو بین کاربران اولیه توزیع کنن
این طرف فکر میکنم همشون احتمالا فروش عمومی داشته باشن و اکثرشون تو coinlist این کار رو انجام بدن

- جالبه که دقیقا 5 تا پروژه L2 خوب هم داریم که هنوز توکن ندارن

این وسط @aztecnetwork تو هر دو دسته هستش (:
Read 3 tweets
Announcing Oasis: An NFT Marketplace powered by #StarkNet. Deploy your own ERC721 @CairoLang contract and trade your NFTs.

Website: testnet.playoasis.xyz

StarkNet is a #ZKRollup #L2 on #Ethereum. Low gas fees with ETH L1 security are here.

Thread 🧵 1/5:
🧵 2/5:
Oasis is a fully-featured NFT marketplace that supports making and accepting offers, listing NFTs for sale, and buying listed NFTs.
🧵 3/5:
Like @opensea (and @looksrare), Oasis indexes all NFTs and ERC721 Cairo contracts on Starknet that follows this standard (WIP):

github.com/playoasis/star…

DM if you'd like to deploy your own contract!
Read 5 tweets
/1
I came across a new project called @vestafinance and decided to dive deeper into it because it drew my attention. Why?

Let’s make a 🧵👇🏽 about it!
/2
First things first, what is @vestafinance? It is a #collateralized #debt protocol which means that the protocol allows for borrowing with a slight over-collateralization of just 110% instead of the usual 150 - 180% rates in $DeFi.
/3
At the launch of the project you can deposit #ETH/#gOHM/#renBTC to mint $VST. (This is the stablecoin which can be minted through the protocol). If wanted, the $VST can always be converted back to redeem the underlying collateral.
Read 18 tweets
With DeFi about to reach critical mass, the next 12 months will be crucial for the future of #Layer2 - and for our platform in particular.

Let’s take a Deep Dive with @will_harborne as he explains what's to be expected for DeversiFi in 2022.

#Thread (1/11)
2022 will be the avalanche year for Ethereum, the year that it takes back the centre-ground of crypto DeFi ecosystems and this will be driven by #Layer2 ecosystems. In fact, we predict there will be significantly more people using #Ethereum Layer 2 than #L1.

(2/11)
In parallel, we will see the growth of multi-chain ecosystems, which allow several blockchains to connect with one another - enabling #decentralised apps and protocols to launch on several networks.

(3/11)
Read 11 tweets

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