Account2 is @eth_sign and my submission to @ETHIndiaco

After EIP3074 was shelved 😔 I was like, "hold my beer Vitalik"

Account2 is three things:
- Account Abstraction (AA)
- Economic Abstraction (EA)
- Account Linking

github.com/smrpn/Account2 AA is a long desired feature for the Ethereum EVM. AA is a design that abstracts the account owner from the private key.
Currently, accounts and private keys are synonymous.

Accounts in Account2 are linked to an owner, so for instance this Account2 is owned by a private key.

Joseph Delong's Guide to Developer Success in Web3

Everyone starts at zero and you want to get involved in web3. There are two paths for web3 developers protocols or defi/smart contract development. Protocols is the more difficult of the two. To get involved you need to read and understand the Ethereum Yellow Paper. Learn Go or Rust.
ethereum.github.io/yellowpaper/pa…

I am traveling today so I just listened to a bunch of the @DefiantNews podcasts.

First up was Starkware, excellent listen that goes into simplified details of how their stack works. Has me bullish on Starkware.

open.spotify.com/episode/3R6yk5… Next up was my old boss Ben Edgington. Excellent listen has me bullish on bazaars over cathedrals.

open.spotify.com/episode/365dg7…

I was just shit posting yesterday, but let me go more in depth of why app chains are not composable.

𝔸𝕥𝕠𝕞𝕚𝕔𝕚𝕥𝕪 𝕠𝕗 𝕔𝕣𝕠𝕤𝕤 𝕔𝕙𝕒𝕚𝕟 𝕔𝕒𝕝𝕝𝕤
Committing an atomic state update across multiple chains requires a coordination mechanism. Without this cross chain calls risk making partial state commitments across multiple chains.

Example segmented atomic transaction:
- Transfers ETH to a Polygon bridge
- Swap ETH for AVAX on Polygon
- Transfer AVAX to an Avalanche bridge
- Stake AVAX on Avalanche

The sanctioning of Tornado Cash has eroded my belief that Ethereum had a core ethos.

Let me explain. I am not talking about blocking sanctioned addresses in your front end. In the near term that feels like a survival strategy.

My concerns were for the over reach and eagerness. If we don’t believe the freedom to transact on Ethereum is a core principle we have simply have the worst parts of cefi and blockchain.

OFAC is a cop out by the US govt. Instead of enforcing laws at either end of the transaction, they simply make the act of transacting illegal.

A lot of people have been asking me what is @AstariaXYZ and how does it work.

In short Astaria is an NFT lending protocol.

Astaria has developed the three actor model (3AM). In 𝟯𝗔𝗠 there is an appraiser, a borrower, and a lender. Astaria will fundamentally change the way NFT lending is done. The best models for NFT lending currently are a peer to peer model. Users have to request a quote, leave and come back a high touch model that is unsustainable at scale.

3AM is a peer to pool model.

The DAO run lemonade stand:

Little Jimmy is pouring glasses of lemonade for $0.50 each, which costs him $0.10 in materials.

Meanwhile there are 1000 lemonade stand token holders crowded around the lemonade stand typing how to run the lemonade stand into the Discord A middle curve token holder username TheBillyGoat suggests that Little Jimmy pour out 90% of the lemonade to create scarcity.

Next, a Discord VIP user says that Little Jimmy should take the $0.40 profit from each cup of lemonade sold and use it to buy 4/5 of a cup of lemonade

People keep asking me what @AstariaXYZ is, Astaria is one of the following:

a. An elaborate token shell game
b. Bicurious MEV femboys
c. an NFT lending platform that allows you to instantly access liquidity on your NFTs

Choose your own adventure

Fundamental Design Principles for DeFi:

- If the protocol doesn’t work without a reward token, it’s a Ponzi scheme

A reward token should not be necessary for a protocol to function. That means the protocol is not a revenue generating business. Reward tokens can be really useful for i.e.: bootstrapping necessary liquidity to achieve flywheel effects, encourage early users to test the platform, or distribute some ownership in the platform for your user base.

There has been a lot of drama within Sushi and overt manipulation coming from outside Sushi.

As a leader I don't want to discuss these topics as I think our work products speak for themselves, but this absurd defamation has risen to a level I can't tolerate.

𝓪 𝓽𝓱𝓻𝓮𝓪𝓭 💕 My goal coming to Sushi (at the direct request of @0xMaki ) was to professionalize and scale the organization.

The brutal reality of that goal is that Sushi needed to move closer to a Uniswap Labs style model.

I want to tell my story so there is clarity around why I hate banks and am long on personal freedom movements.

The year is 2002, my first working year produced $10k in W2 income for a two person household. My rent is $650/mo and drive 1 hour every to work. My job is land surveying where I stand all day in Houston humidity being eaten alive by mosquitoes.

I’m losing weight because I can’t afford to eat, my pants are getting loose and I can’t afford a belt. So I keep my pants up by tying a plastic walmart bag between two belt loops.

Kashi Lending 🍱 launching next Friday

1 click leverage 😉
Approve once, transact infinitely Kashi is a risk isolated lending pair solution, current solutions allow users to supply a variety of collateral assets and borrow another set of assets. If one of the assets were to drop in price faster than liquidators can react, every user and every asset is affected

Sushi is going multichain 🍣⛓

We have deployed the Sushi contracts to these networks

1. @FantomFDN
2. @0xPolygon
3. @xdaichain
4. @binance
5. @MoonbeamNetwork

You can access our a̵͚̙̭̟͓͛͑l̶̢̨͈̳̻̀̚p̸͕̭̰̜̐ͅh̶̪̰͚͕́̓̀́̄a̸̩̹̳̳͇̅̀ ̵͈̤̲͒͆̌ release
staging.sushi.com

https://twitter.com/FantomFDN/status/1367225932969373703

Currently, @FantomFDN and @binance have good support for token lists so those experiences will be relatively complete.

The others on the list will need some work for the end user experience.