Blockchains like Ethereum are terrible for storing data

And no, I’m not referring to basic txn data

We’re talking about pdfs, images, & videos

This is why @Filecoin exists

And recently, Filecoin saw a major upgrade (@fvmdev)

Say hello to data programmability and compute👇 Question number one–what is Filecoin and why does it exist?

Filecoin is a decentralized storage protocol built on top of the Interplanetary File System (@IPFS)

Filecoin and IPFS are two distinct systems but are often incorrectly conflated as the same thing

Last August, we saw the first ever “decentralized crowd-looting”

Hundreds of wallets drained the Nomad bridge dry of $200M

Due to this, Uniswap v3 was never able to deploy on @Polkadot

Let’s break down how we @UMichBlockchain are rectifying that issue👇 A Uni v3 proposal for deployment onto Polkadot passed with near unanimous approval in May 2022

The DAO was all for it

Polkadot users were finally getting access to Uniswap

This deployment was set to strengthen Polkadot’s DeFi ecosystem

It’s time for Uniswap v3 to launch on @avalancheavax

After consulting with @avalabsofficial, we @UMichBlockchain have released a proposal on the Uni forums describing why this deployment is important

Let’s break down the proposal step by step👇 The urgency behind this proposal is due to the impending license expiration

After April 1st, anyone can legally fork Uni v3 code and use it for commercial purposes

Large chains like Avalanche will see a rapid influx of v3 copycats

This will dilute the market on those chains

Crypto governance is a lot more political than you think

Right under our noses, a dramatic battle played out between @wormholecrypto and @LayerZero_Labs last week

Where did this take place?

On the Uniswap forums

Let’s break down the politics behind the recent proposal👇 It all started in December

@ILIA_0x released a proposal draft about launching Uniswap v3 on @BNBCHAIN

The reason behind this proposal was to ensure that Uniswap became the de facto DEX on BNB Chain prior to Uniswap’s license expiration–even taking over @PancakeSwap

We are in the midst of a tug-of-war between numerous L2s, each claiming to bring higher degrees of efficiency and lower txn costs

So how do these L2s differentiate themselves?

By identifying a niche to dominate via unique, tactical methods

Today’s L2 of interest: @bobanetwork General-purpose L2s w/o major differentiation leads to an oversaturated market

We have seen this previously with L1s. Every new L1 claims to be an “Ethereum killer”…but to no avail…we all know who is king