ceteris
@ceteris
Delphi Digital
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infra focused research
good q, it actually deploys right to uni v3 with no bonding curve, a side effect is that clanker volumes are overstated b/c it's comparing pump's bonding curve volume to clanker's total volume. a fair comparison would be to include pump raydium volume in metrics.
https://warpcast.com/dalechyn.eth/0x530c8370
https://x.com/jchervinsky/status/1785373696862924997 this is a good thread.
"Enter non-transferability. In general, the securities laws only apply to assets that can be bought or sold. That's sort of the point: to protect investors who seek profit from the purchase and sale of assets that go up or down in value. In particular, the Howey test only applies to transactions (not assets), and only where the investor has a reasonable expectation of profit.
Thus, making an asset non-transferable creates a strong argument that the securities laws don't apply. If token holders can’t transact, then they can’t profit (barring some other mechanism like a right to income or dividends, which is rare in crypto), and so they shouldn’t need the protections of the securities laws. In theory, the SEC could still argue that a non-transferable asset is a security, but that would be a particularly silly view as a matter of policy, so even risk-averse lawyers are generally comfortable with non-transferable tokens."
Report snippet
"Ajna-like"
https://members.delphidigital.io/reports/how-oracle-less-primitives-are-rearchitecting-defi we did one a month ago
https://x.com/eigen_da/status/1778485779976892758 some new avs' popped up quick. curious to see if the LRTs just do them all or start to differentiate.
arbitrum had their own upgrade to reduce fees a few days after dencun, it's a lot cheaper now.
https://dune.com/21co/dencun-upgrade
bald man gets paid
https://x.com/vibhu/status/1770223481910874148 definitely sounds like DRiP is going to launch an L2
i don't know much about megaeth but i am intrigued by it. taiko idk if it is scaling evm at all or just becoming based? eclipse has the best shot at being scalable rollup near-term imo.
no, i think it misunderstands all the reasons why people use solana: https://x.com/ceterispar1bus/status/1768244638622872043.
could see some memecoins speculation pick up on chains like base
solana still can't handle everything, especially if you're an app like drip or grass that needs hundreds of thousands tps
https://x.com/bertcmiller/status/1768229920268791941 this is also a useful thread on block builder economics and how blobs fit in
so far only a few rollups have upgraded but arbitrum plans to do so today. you can track which rollups are using blobs here: https://l2beat.com/scaling/data-availability
it'll take a few days to get a better picture but i'll have a new post on this next week, and we'll talk about it more on office hours (wed @ 12pm edt).
honestly i just outsource my entire thinking on this to the etf experts, there is no point in me wasting another minute on other theories, especially from eth maxis. the etf guys consider every angle when they come up with that 35%.
https://www.youtube.com/watch?v=HT9PHWloIiU good explainer video on 4844
https://x.com/metachris/status/1767139568321523972 eip-4844 slated for wednesday @ 13:55 utc. very very interested to see how this unfolds over the next few months.
in a somewhat shocking turn of events Jito announced they're pausing their third party mempool for now.
https://x.com/jito_labs/status/1766228889888514501
adding some differing takes:
https://x.com/0xShitTrader/status/1766230604272513164
https://x.com/KaminoFinance/status/1765750303586926667 kamino will be doing a snapshot of points on march 31 with distribution in april. the nice thing is that they're doing a straight linear airdrop which is refreshing.
update here: unlock is actually end of may/early june, "end of march" in original post is wrong. i've edited.
ceteris has not authored any research reports yet.