The request for the Realms Of Ether really comes from me, the creator of the wrapper contract
The repository used to create the wrapper can be found in https://github.com/0xngmi/fortresses
The request for the Realms Of Ether really comes from me, the creator of the wrapper contract
The repository used to create the wrapper can be found in https://github.com/0xngmi/fortresses
async function detectPush0Support(rpcs) { | |
return (await Promise.all(rpcs.map(async rpc => { | |
try { | |
const res = await fetch(rpc, { | |
method: "POST", | |
headers: { | |
"Content-Type": "application/json" | |
}, | |
body: JSON.stringify({ | |
"method": "eth_call", |
EigenLayer introduces the possibility of re-using ethereum consensus, and IMO the most interesting usecase for that would be building a decentralized two-way and security-optimal bridge between Bitcoin and Ethereum.
All bridges rely on the security of the two chains they connect and the security of the custodian^[1] used for bridging, since if the security of any of those 3 were to fail, it would be possible to drain the bridge (eg: if its possible to double-spend on any of the two chains an attacker can redeem the same coin multiple times).
However, if a significant amount of the total ETH staked were to be restaked securing this bridge, the custodian would be piggybacking on ethereum security, so those two become the same and thus you'd remove the custodian from your list of dependencies and you're left with only having to depend on the security of the two chains, which is the theoretical ceiling of security. In other words, you'd achieve the best possible security.
But not just that, you
Currently a significant portion of usage across all lending markets comes from carry trades between an asset and their derivatives.
To explain how this works let's assume that on AAVE borrowing ETH costs 1%, but stETH yields 3%. This opens up a trade where you deposit stETH, borrow ETH, swap it for stETH and repeat the trade again, looping the position and arbing the rates. In this position you earn 3% but pay only 1%, so you're earning 2% net.
Some examples of these trades in the wild are:
In the current market, yield farmers have only 2 options: either deposit into a yield aggregator that completely manages their money for them, making all the risk assessments and moving their money between protocols, or just run everything on their own, moving their money continuously between protocols, at most using an auto-compounder on a single vault for some automation.
However, not everyone has the same risk profile and thus fully managed aggregators won't fit everyone, while on the other hand there's a big market of people that don't like constantly having to manage their positions and shuffle their funds. These two options are the 2 extremes, either fully managed or DYI.
Because of this I believe there's a market for users that want some automation while being able to set their own risk profile.
I propose a protocol where users deposit funds along with policies on how those funds can be deployed, and then the protocol optimizes their position within those boundaries and automat
There's significant concern about the long term security of the Bitcoin network, since BTC rewards, which currently account for most miner revenue, keep dwindling at an exponential rate over time, and if total miner revenue gets low enough it becomes possible to exploit the bitcoin network to double-spend.
Proposed solutions to this usually involve either BTC price increasing to maintain security budget even with less rewards or an increase of onchain activity and, along with it, fees paid to miners, which has the side-effect of increasing fees for all other bitcoin users as well.
But what if there was another solution? One-shot signatures is a cryptography construction that enables the creation of public keys for which only a single signature can be generated, after which the keys self-destruct.
Now imagine every wallet stored a set of genesis UTXOs, and then when somebody paid you they would send you
List of domains that are registered with squarespace and thus could be vulnerable: | |
celer.network | |
pendle.finance | |
karak.network | |
compound.finance | |
hyperliquid.xyz | |
dydx.exchange | |
thorchain.com | |
threshold.network |