Bankless Bankless

WRU 4th Week of September 
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Check your wallet with our brand new tool: Claimables 🎁
https://bankless.cc/GetClaimables 
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📣 LayerZero | Accelerating Web3 Interoperability via GoogleCloud
https://bankless.cc/layer-zero 
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BANKLESS SPONSOR TOOLS:
🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
⁠https://k.xyz/bankless-pod-q2  ⁠
🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING
⁠https://bankless.cc/MetaMask
⚖️ ARBITRUM | SCALING ETHEREUM
⁠https://bankless.cc/Arbitrum ⁠
🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle ⁠
🦄UNISWAP | ON-CHAIN MARKETPLACE
⁠https://bankless.cc/uniswap 
🔗 CELO | CEL2 COMING SOON
https://bankless.cc/Celo 
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TIMESTAMPS & RESOURCES
0:00 Intro
2:50 MARKETS
9:15 Fed Rate - No change! (5.25-5.5%)
https://www.nytimes.com/live/2023/09/20/business/fed-meeting-interest-rates 
12:10 U.S. Americans Own Crypto?
https://www.coinbase.com/blog/a-call-to-action-mobilizing-52-million-crypto-owners-into-an-army-of-1 
15:20 Ethereum’s 1st Merge anniversary! 
https://twitter.com/sassal0x/status/1702629393984803041?s=46 
16:25  Bye bye ultra-sound money? 
https://ultrasound.money/#gas 
17:30 L1 is shrinking, but layer-2 networks are maintaining healthy activity 
https://l2beat.com/scaling/activity 
20:39 Are all the chains moving to Ethereum?
Rollup Migration to Ethereum - 3 New Ethereum Rollups coming from non-Ethereum ecosystems
21:00 1.1 - Astar Network 
Sandeep Take 
https://twitter.com/sandeepnailwal/status/1701990949319254345 
23:00 1.2 - Canto
https://twitter.com/CantoPublic/status/1703809950290718871 
24:00 1.3 - Eclipse 
https://twitter.com/EclipseFND/status/1704178668543824309 
27:35 Ryan Take
https://twitter.com/RyanSAdams/status/1703882356468117703 
28:40 Mert Take
https://x.com/0xMert_/status/1704229795079365101 
30:00 Frankie Take
https://twitter.com/frankieislost/status/1704262750405587248 
37:58 SEC is coming after the Stoner Cats - Gary. V. Cats
https://www.sec.gov/news/press-release/2023-178
https://x.com/MikeSeligEsq/status/1701978172487606665 
https://twitter.com/loopifyyy/status/1701966597445874124 
44:00 Hester Pierce Dissented! - Chief Disenting Officer
https://twitter.com/NFTherder/status/1702057933389836293 
46:25 SEC warns more charges coming to exchanges and DeFi 
https://www.coindesk.com/policy/2023/09/19/us-secs-crypto-enforcement-chief-warns-more-charges-coming-to-exchanges-defi/
49:13 New Airdrop! Optimism also announced OP Airdrop #3
https://twitter.com/optimismFND/status/1703837786703335672 
50:10 POL Token is coming! MATIC becoming POL.
Polygon 2.0 implementation kicked off! 
51:00 https://twitter.com/0xPolygonLabs/status/1702280764677578755 
1st PIPs: MATIC to POL and launch of Polygon’s new staking layer! 
https://polygon.technology/blog/polygon-2-0-implementation-officially-begins-the-first-set-of-pips-polygon-improvement-proposals-released 
51:25 Arbitrum is restarting Odyssey 
https://twitter.com/arbitrum/status/1704173003825615353 
52:10 Conduit opening Support for Arbitrum: 
https://x.com/KAndrewHuang/status/1704848429883732256 
53:18 Coinbase earned 570 ETH of MEV as a result of Curve hack. Should they return it?
https://www.coindesk.com/tech/2023/09/15/coinbase-inadvertently-earned-1m-due-to-hack-but-hasnt-reimbursed-victims/? 
57:10 Is Ethereum finally getting a privacy L2? Maybe soon?
https://twitter.com/aztecnetwork/status/1704433376525242474 
58:25 Infura in its progressive decentralization era
https://blog.infura.io/post/progressive-decentralization-of-the-rpc-layer-centralization-to-federation? 
59:10 FTX sues SBF’s parents - eating their own aims to claw back some of the $26 million in gifts and property
https://storage.courtlistener.com/recap/gov.uscourts.deb.188450/gov.uscourts.deb.188450.2642.0.pdf 
https://www.cnbc.com/2023/09/19/sbfs-parents-sued-by-

Solana on Ethereum? Solana has a virtual machine called the SVM. Proponents say it’s much better than the Ethereum EVM…multi-threaded execution…now it’s coming to Ethereum in the form of an L2. 
Today on the show, we brought on CEO & Co-Founder of Eclipse, Neel Somani. Eclipse is not only a new L2 on the scene, it’s also an L2 framework, kind of like the OP Stack. It’s a superchain contender. 
This poses some very interesting questions….who wins? Does this kill Solana? 
------
🎁 Check your wallet with our brand new tool: Claimables 
https://bankless.cc/GetClaimables 
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📣 AAVE V3 is Here!
http://app.aave.com/ 
------
BANKLESS SPONSOR TOOLS:
🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
⁠https://k.xyz/bankless-pod-q2   ⁠
🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING
⁠https://bankless.cc/MetaMask  
⚖️ ARBITRUM | SCALING ETHEREUM
⁠https://bankless.cc/Arbitrum   ⁠
🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle  ⁠
🦄UNISWAP | ON-CHAIN MARKETPLACE
⁠https://bankless.cc/uniswap  
🔗 CELO | CEL2 COMING SOON
https://bankless.cc/Celo 
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TIMESTAMPS
0:00 Intro
7:10 Motivations For Eclipse
10:50 Why is the SVM Great?
16:00 How Fee Markets Work? 
19:20 Ethereum & Eclipse Pairing
20:25 What Kind of L2 is Eclipse? 
23:25 Celestia For Data Availability? 
25:30 Security Trade-Offs? 
27:30 Transactions on Eclipse
28:00 Economics on Data Availability 
33:50 RISC Zero & Eclipse 
36:10 Modular Thesis 
41:00 Eclipses's Superchain?
44:35 Eclipse Today?
45:20 Winners vs. Losers 
46:40 Eclipse vs. Solana 
49:00 Bad for $SOL? 
52:45 Eclipse Team
53:45 Solana as an L2
55:00 Eclipse Token?
55:45 Future Ecosystems
57:05 Naming This New Tech 
58:50 Roadmap
1:00:30 Neel's Bio
1:01:50 Closing & Disclaimers
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RESOURCES
Neel Somani
https://twitter.com/neelsalami 
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures ⁠

Vitalik live from Permissionless! On this Episode we discuss what's next for Ethereum. What type of use cases can we create because of the unique properties of crypto? What would Vitalik's new startup be? And we explore what it will look like to successfully navigate the next bull market.
This episode was filmed at permissionless. For the full episode in video form, check out the recording here: https://blockworks.co/event/permissionless-2023/livestreams?room=37736 
------
🎁 Check your wallet with our brand new tool: Claimables 
https://bankless.cc/GetClaimables 
------
📣 AAVE V3 is Here!
http://app.aave.com/ 
------
BANKLESS SPONSOR TOOLS:
🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
⁠https://k.xyz/bankless-pod-q2  ⁠
🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING
⁠https://bankless.cc/MetaMask 
⚖️ ARBITRUM | SCALING ETHEREUM
⁠https://bankless.cc/Arbitrum  ⁠
🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle  ⁠
🦄UNISWAP | ON-CHAIN MARKETPLACE
⁠https://bankless.cc/uniswap 
🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION
https://bankless.cc/Toku 
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TIMESTAMPS
0:00 Intro
6:12 Improving Existing Things vs Building New
16:55 Has Vitaliks Expectation of Ethereum Changed?
30:44 Where Would Vitalik Start a Startup
36:27 What Fear is Being Missed?
47:20 Navigating the Next Bull Market
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RESOURCES
Vitalik:
https://twitter.com/VitalikButerin 
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures ⁠ 

Dom, aka Domothy, is a researcher at the Ethereum Foundation who is working on the research and development of some key Ethereum protocol upgrades like EIP4844, danksharding, and MEV Burn. We last had Dom on Bankless about that last one, MEV Burn, and this time we’re bringing him around to fully understand an incoming new property of Ethereum that EIP4844 is going to introduce… a new resource market… called BLOBspace…  kind of like Blockspace… but for Blobs!
What are blobs? What is Blobspace? How is it different from blockspace and blockspace markets? What will it do for Ethereum and its rollups? These are the questions we explore with Dom today. 
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✨ DEBRIEF | Ryan & David unpacking the episode:
https://www.bankless.com/debrief-blobspace 
You know how we say blockchains sell blocks? Well, soon Ethereum’s going to be selling more than just blocks. It’s going to be selling blobs too. 
We’re just a few months out from the biggest Ethereum release since the merge and no one’s fully mapped out the implications. But it’s going to be huge. 
- Ethereum’s getting a new product to sell… it’s called Blobspace
- The cost of transacting on L2s is about to drop toward zero…
- The economics of ETH gas and the burn are about to change forever…
Blobspace, EIP4844, proto-danksharding…that’s what the geeks call this new ETH feature upgrade. 
This is everything you need to know about Blobspace with Ethereum Researcher Domothy in this absolute banger of an episode. 
------
🎁 Check your wallet with our brand new tool: Claimables 
https://bankless.cc/GetClaimables 
------
📣 AAVE V3 is Here!
http://app.aave.com/ 
------
BANKLESS SPONSOR TOOLS:
🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
⁠https://k.xyz/bankless-pod-q2  ⁠
🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING
⁠https://bankless.cc/MetaMask 
⚖️ ARBITRUM | SCALING ETHEREUM
⁠https://bankless.cc/Arbitrum  ⁠
🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle  ⁠
🦄UNISWAP | ON-CHAIN MARKETPLACE
⁠https://bankless.cc/uniswap 
🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION
https://bankless.cc/Toku 
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TIMESTAMPS
0:00 Intro
7:20 Why We’re Doing This Episode
8:45 Blobspace 
9:40 History of Blobspace 
11:30 Sharding & Dead Ends 
14:00 Execution Sharding 
16:50 Layers of a Blockchain
21:00 Ethereum Rollups 
22:50 Vitalik’s Thought Process 
26:10 Ethereum Development Hidden Genius
30:00 Current State of Ethereum 
34:00 What is a Blob?
39:25 Blobspace Explained 
44:20 Validator’s Perspective 
47:00 Data Availability vs. Storage 
56:31 User’s Perspective 
1:00:30 How a Blob Becomes a Blob
1:04:00 Properties of Full Danksharding 
1:05:20 New Math & Tech Behind Blobs? 
1:12:00 L2 Blobspace & Scaling Factors 
1:15:40 Blobspace Economics 
1:20:00 Block vs. Blobspace Balancing 
1:23:20 L2s Competing For Blobspace 
1:32:10 Ethereum Subsidiaries  
1:39:00 What’s Next?
1:41:30 Closing & Disclaimers
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RESOURCES
Domothy 
https://twitter.com/domothy  
Domothy article on Blobspace
https://domothy.com/blobspace/ 
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures ⁠ 

MetaMask just released MetaMask Snaps at Permissionless II. Why is this such a big deal? Is this crypto’s “Chrome extension” moment? Is this how we onboard crypto’s next billion users? We welcome creator and Co-Founder of MetaMask, Dan Finlay on the show to help us explore all of these questions and much more. 
------
🎁 Check your wallet with our brand new tool: Claimables 
https://bankless.cc/GetClaimables 
------
📣 AAVE V3 is Here!
http://app.aave.com/ 
------
BANKLESS SPONSOR TOOLS:
🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
⁠https://k.xyz/bankless-pod-q2  ⁠
🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING
⁠https://bankless.cc/MetaMask 
⚖️ ARBITRUM | SCALING ETHEREUM
⁠https://bankless.cc/Arbitrum  ⁠
🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle  ⁠
🦄UNISWAP | ON-CHAIN MARKETPLACE
⁠https://bankless.cc/uniswap 
🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION
https://bankless.cc/Toku 
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TIMESTAMPS
0:00 Intro
5:05 MetaMask Snaps Explained 
7:55 Extensions 
10:50 MetaMask Snap Demo
22:40 Sci-Fi Snaps
26:23 Mobile 
27:10 Chrome Extensions 
28:45 Permissionless Snaps? 
32:34 Snaps Multi-Year Journey 
38:28 Are Snaps Secure? 
42:55 What Info Should Snaps Have? 
46:30 Smart Contract Wallets 
48:25 Account Abstraction Wallet 
50:24 Safe UX 
52:50 What Devs Need to Know 
54:50 Closing & Disclaimers 
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RESOURCES
Dan FinIay
https://twitter.com/danfinlay 
MetaMask Snaps
https://metamask.io/snaps/  
-----
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures 

WRU 3rd Week of September Live From Permissionless!
-----
Check your wallet with our brand new tool Claimables 🎁
https://bankless.cc/GetClaimables 
------
📣 AAVE V3 is Here!
http://app.aave.com/ 
------
BANKLESS SPONSOR TOOLS:
🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
⁠https://k.xyz/bankless-pod-q2  ⁠
🦊METAMASK PORTFOLIO | MANAGE YOUR WEB3 EVERYTHING
⁠https://bankless.cc/MetaMask 
⚖️ ARBITRUM | SCALING ETHEREUM
⁠https://bankless.cc/Arbitrum ⁠
🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle ⁠
🦄UNISWAP | ON-CHAIN MARKETPLACE
⁠https://bankless.cc/uniswap
🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION
https://bankless.cc/Toku
-----
TIMESTAMPS & RESOURCES
0:00 Intro
3:45 Permissionless Recap
9:06 MARKETS
https://pro.kraken.com/app/trade/btc-usd 
https://pro.kraken.com/app/trade/eth-usd 
https://pro.kraken.com/app/trade/eth-btc 
12:08 Friend.Tech vs Ordinals
https://twitter.com/tyler_did_it/status/1700515163906912637?s=46 
https://dune.com/dgtl_assets/bitcoin-ordinals-analysis 
https://twitter.com/0xcygaar/status/1700557505330307308?s=46 
19:43 CFTC settled charges against DeFi
https://www.cftc.gov/PressRoom/PressReleases/8774-23 
https://www.cftc.gov/PressRoom/SpeechesTestimony/mersingerstatement090723 
https://twitter.com/lex_node/status/1699912782416658605 
https://twitter.com/antonttc/status/1699935302616482204?s=46&t=2ZINVXJQKx6xO_6Wiiu_2g 
https://twitter.com/jchervinsky/status/1699934869118190054?s=46&t=2ZINVXJQKx6xO_6Wiiu_2g 
https://twitter.com/CFTCpham/status/1699936965259673934 
28:44 Gary Doubles Down
https://www.banking.senate.gov/imo/media/doc/gensler_testimony_9-12-23.pdf 
https://twitter.com/WatcherGuru/status/1701609274278080516?s=20 
https://x.com/TrustlessState/status/1701287340314878430?s=20 
33:16 Spot Bitcoin ETF
https://blockworks.co/news/franklin-templeton-bitcoin-etf 
https://www.youtube.com/live/EdDsqW9CYys?si=SnCsraZBGR_0Z8Tx&t=12259 
35:11 FTX Offloads Billions
https://twitter.com/milesdeutscher/status/1701261775600025906 
https://twitter.com/nobrainflip/status/1700586113251906017 
40:42 Ethereum News
https://twitter.com/mikeneuder/status/1701224774884643167 
43:48 Metamask Snaps
https://metamask.io/snaps/ 
45:42 Vitalik Hacked
https://twitter.com/OlimpioCrypto/status/1700677246393155657 
https://warpcast.com/vitalik.eth/0xb23618 
https://x.com/TimBeiko/status/1700659107764785336?s=20 
50:21 Espresso is partnering with Offchain Labs
https://twitter.com/EspressoSys/status/1701318209624834466?t=w9VTlOJo75aT8H8olmw2QA&s=19 
52:04 NFT News
https://twitter.com/huntersolaire_/status/1701191292221292978?s=46&t=2ZINVXJQKx6xO_6Wiiu_2g 
54:33 Jailed for 11,196 Years
https://www.bbc.com/news/world-europe-66752785 
55:45 FBI Investigates DCG
https://www.bloomberg.com/news/articles/2023-09-07/winklevoss-claims-fuel-us-investigation-of-barry-silbert-s-dcg-crypto-empire?sref=QkiN9npb 
57:10 Claimables Launch!
https://www.bankless.com/claimables?ref=home-promo-banner 
https://twitter.com/NiftyMateo/status/1701315423495487677?s=20 
58:27 Blockworks Analytics
https://x.com/blockworksres/status/1701990215907475499?s=20 
59:29 LayerZero x Google Cloud
https://medium.com/layerzero-official/layerzero-x-google-cloud-7b4784873071 
1:04:02 Questions From The Nation
https://discord.com/channels/615592155481767941/1058053004705669211/1149342327240933538 
1:05:59 What Are We Bullish On
1:10:01 Meme of the Week
https://x.com/josephdelong/status/1701937546484158876?s=20 
1:10:38 Risks and Disclosures
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Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures