1/ Ethereum's next major upgrade, Pectra, is tentatively scheduled to go live in mid-March!

This will be Ethereum's largest upgrade in history (as measured by number of EIPs/features included).

Here's a breakdown of what's coming in Pectra 🧵👇 2/ EIP-7702: Set EOA account code

This is probably the most anticipated EIP of the Pectra upgrade as it brings with it major changes to Ethereum user transaction flow via account abstraction.

Transaction bundling, gas sponsorship, asset recovery and more - it's all coming with EIP-7702!

Say goodbye to things like the approve>swap flow - now it can all happen in a single transaction!

1/ A thread on the state of Ethereum and its L2 ecosystem.

Contrary to popular belief, the Ethereum ecosystem is growing rapidly with L2's leading the way.

Do note that none of these metrics are perfect and none should be taken in isolation, but together they paint a picture. 2/ Ethereum mainnet + layer 2 daily active addresses at all time highs.

1/ ETH can be deflationary while still earning stakers 7.5% APR because that 7.5% isn't ETH's yearly inflation rate.

Let me explain.

The 7.5% APR consists of:

- Protocol issuance: 4.1%
- Tips (aka unburned fees): 2.3%
- MEV rewards: 1.1%

All of these %'s are variable. 2/ When the Ethereum network issues new ETH via protocol rewards, this issuance is only paid to the portion of ETH that is staked.

16mil ETH is staked out of total supply of 120.5mil which means only 13.2% of the total ETH supply receives the staking rewards.

1/ I see this rhetoric a lot but there's a lot of nuance here.

None of the other PoS networks work like Ethereum PoS - almost all of them are some flavor of DPoS - which has soft delegation (rather than "hard delegation" like Ethereum).

https://twitter.com/james_gaps/status/1610632876927901697

2/ Expanding on this: When you delegate your tokens in a DPoS network, a new validator is not spun up - you are just adding stake to an existing validator (that may or may not have a cap).

This is why you typically see DPoS networks with a very small active validator set.

1/ I have achieved almost everything that I set out to achieve in life and I'm not even 30 yet

This isn't a brag, this is a warning to young people just getting started in crypto: you don't really want to "make it" - what you want to do is turn making it into a perpetual process 2/ Many of you will be in similar situations to what I was in a few years ago: you have a plan to accrue enough wealth so that you can live comfortably and do what you love

This is an awesome goal to have but take it from me: you don't want to actually achieve it

The first dapp went live on Cardano today and ADA fanboys are finally discovering that you can't peer review your way out of fundamental issues. Honestly not sure if /r/Cardano is meant to be a comedy sub or not

1/ During the 18/19 bear there was a lot of FUD thrown at Ethereum from the "BTC maxi" camp.

So what did I & many Ethereans do? We answered this FUD with facts and reasoned debate.

What do people do now when I bring up actual issues with other chains?

"Shutup stupid ETH maxi" 2/ It really annoys me that I can't actually have an objective debate with anyone because I'm automatically labelled as a "maxi".

I've never called the legit layer 1 projects scams and just because I'm into Ethereum doesn't mean I don't see the value in other projects.

There's a lot going on in the Ethereum scaling ecosystem across layer 2, sidechains, bridges and more.

So I've put together this little thread on what's currently live and what's coming soon 🧵👇 @StarkWareLtd:
- @dydxprotocol perp exchange
- @deversifi ecosystem
- @Immutable X NFT platform (builtonimmutablex.com)
- @SorareHQ NFTs

@zksync:
- zkWallet
- @gitcoin donations
- @CurveFinance DEX
- more coming soon

1/ I’ve been seeing a bunch of chatter and confusion around @0xPolygon lately so I wanted to put together a thread breaking it all down to clear the air.

Hopefully it helps 🙏 2/ Firstly, I want to go over why I joined Polygon as an advisor - there are 3 key reasons:

- The team is very Ethereum-aligned.

- Polygon is more than just the PoS or plasma chain - the team will be deploying rollup solutions in the future.

1/ Some random thoughts on Dogecoin and why everyone should stop worrying and learn to love the meme. 2/ Like it or not, Dogecoin has probably exposed way more people to the crypto ecosystem than anything else (including Bitcoin and Ethereum).

And we all know that people don't just stop at one coin - they get curious and will inevitably dive deeper down the rabbit hole.

1/ The crypto space in general is very shortsighted because we're all glued to our screens every day watching the charts & trying to keep up with a million things at once.

This leads people to become *extremely* impatient - particularly when investing which leads to losses. 2/ The best investments you can make in this space are ones that are long-term. As an investor, flip flopping in/out of different coins and tokens just ends up getting you rekt.

All of the best investors I know have stayed in the same positions for *years*.

1/ I'm excited to announce that I have joined @maticnetwork (now Polygon) as an advisor!

Polygon has an ambitious mission - to become Ethereum's Internet of Blockchains & help Ethereum scale to billions of users.

I'm proud to be able to aid them in this mission. 2/ Alright so we're all very well aware that Ethereum needs to scale ASAP & there are plenty of teams already working on solutions.

Polygon is taking a unique approach by creating an easy-to-use framework that acts as a "swiss-army knife" for Ethereum scaling and infrastructure.

1/ We at @SetProtocol and @defipulse summoned the @indexcoop 2 and a half weeks ago.

Since then, the nest has been growing at an incredible pace so I wanted to highlight some of the exciting things going on with the coop 🦉

(thread) 2/ The main product that the Index Coop currently manages, the DeFi Pulse Index (DPI), has seen incredible growth thanks in-part to a yield farming program involving the INDEX token.

Also, the number of addresses holding DPI tokens is currently 2600+!

tokensets.com/portfolio/dpi

1/ I've noticed a lot of new faces in the Ethereum community over the last few months so here's a handy list of newsletters that will keep you up to date in this incredibly fast-paced ecosystem!

(thread) 2/ ~General Ethereum~

- EthHub Weekly by @ethhub_io: ethhub.substack.com
- Week in Ethereum by @evan_van_ness: weekinethereumnews.com
- The Daily Gwei (by me): thedailygwei.substack.com
- What's New in Eth2 by @benjaminion_xyz: eth2.news

1/ A couple of days ago, we announced @SetProtocol v2 which represents the largest set of improvements to the protocol since it was first created.

Here's a short thread to break down all of the exciting features coming in v2 👇 2/ Sets will no longer be limited in what assets they can contain.

With v2, Sets will be supercharged by a wide range of assets including your favorite DeFi tokens, more stablecoins, liquidity provider tokens, synthetics and much more.

1/ In this thread, I want to offer a few thoughts around the broader #Ethereum vision, the recent high gas prices and why I think we should be more forgiving of Ethereum's current limitations.

(short thread) 2/ If you're involved with using Ethereum today, you are a pioneer of a new technology that you believe in some way will grow to fundamentally change the nature of finance (through DeFi) and the web (through web3).

Being a pioneer isn't always fun!

1/ It's been a pretty insane last couple of days for #Ethereum and DeFi.

In the midst of the chaos, @tokensets users have been very happy as most of the Sets were sitting in USD when the market drop happened.

Let's review!

tokensets.com

(thread) 2/ The best performing Set during this downturn was the ETH RSI 60/40 Crossover Set - up 119.9% against ETH since inception (Nov 15th!).

This Set has been sitting in USDC since Feb 27th which means it weathered the entire downturn.

tokensets.com/set/ethrsi6040

16/ August continued:

-@keep_project announces tBTC
-@compoundfinance announces the Open Oracle System
-@felix2feng introduces Profit Pools
-@uniswapexchange crosses 1mil ETH trading volume
-@rdai_dao introduced 17/ August continued:

-@ethereum Istanbul EIP list finalized
-@synthetix_io releases index token category
-@coinbase announces WalletLink
-@aztecprotocol announces PLONK

1/ 2019 was an amazing year of building for Ethereum 🚀

Here's a recap of the biggest and most important Ethereum-related events that happened during 2019!

Happy holidays everyone 🎆

(thread) 2/ January:

-@ethhub_io website goes live
-@gitcoin grants launched
-@parity receives $5mil grant from the EF
-@/r/ethtrader experiments with monetizing upvotes
-@instadapp introduces the 'Decentralized Bank'
-@ethcatherders formed

1/ Open Finance/DeFi is growing at an incredible pace and it can sometimes be difficult to monitor all of this growth 🚀

So I've compiled a list of all of the trackers and tools that I use on a frequent basis to keep up with it all - enjoy!

(thread) 2/ General DeFi:

-@defipulse: defipulse.com
-Curious Giraffe: curiousgiraffe.io
-@BaptisteGreve's @MyDeFi_org app: mydefi.org/apps
-@AlethioEthstats' DeFi tools: public.tableau.com/profile/alethi…
-@Bloxy_info analytics: bloxy.info

1/ I absolutely love diving deep into crypto analytics, on-chain data and market data - an activity I like to refer to as "chain archaeology".

Here is a mega-thread of my favorite resources that I use at least a few times a month.

(thread) 2/ Ethereum-specific:

@etherscan: etherscan.io
@gitcoin gas price history: gitcoin.co/gas/history?br…
@ETHGasStation: ethgasstation.info
@AlethioEthstats : ethstats.io & aleth.io
Ethereum blockchain in BigQuery: kaggle.com/bigquery/ether…