The big overall meta for crypto is the debasement trade. New Credible Commitments with @ceterispar1bus, head of research at @Delphi_Digital We break down the debasement trade — ZEC, ETH, HOOD, HYPE & COIN. Key takeaway: It's still a token picker's market.

"Quick Slots leads to improved censorship resistance, improves UX across all main-net applications and L2 bridges, and makes Ethereum more attractive as a global settlement layer for the world’s financial value."

"We think Ethereum should be the settlement layer for the global economy. In particular, we think L1 as the most credibly neutral, programmable, execution environment should be the root of that global settlement." --- @barnabemonnot CC episode 54

Ethereum cannot shorten slots today. Slot times are fixed at 12 seconds. Quick Slots (EIP-8198) fixes that. The business case is clear: faster confirmations, fresher onchain prices, and faster finality. Pay the one time cost, reduce slot times to 10 seconds then ratchet lower. With Glamsterdam scaling improvements coming online, maybe it's time to reorient the performance canon towards shorter slots. In this episode of Credible Commitments @barnabemonnot makes the case for Quick Slots inclusion in Hegotá. Full episode links below.

PropAMMs are the most consequential market structure change on Ethereum since Uniswap V2. New Credible Commitments episode with @kubimensah from @gattacahq: 1. How PropAMMs work on Ethereum. 2. Benefits to the network: increased asset velocity and tighter spreads. Personally, this is why I am excited: • Makers stream quotes to the builder every 50ms and the freshest lands before the taker (maker has last look), while custom contract logic enables orderflow segmentation. • Tight quotes without 12 seconds of inventory risk enable top-tier makers to bring depth and liquidity to ETH spot and other majors. • And in the endgame ETH price discovery can happen on L1, not a CEX.

This is a great episode of UCC2 (March 2024) where the issuance debate is unpacked from first principles. Highly recommend: Breaks real vs. nominal yield, decentralization, LSTs, "the curve", security budget, and more.

Navigating the Dark Forest of Ethereum In this episode of Credible Commitments (🎧,⚡️) I chat with Michael from @QuasarBuilder. In particular we discuss - Building credibility from the public mempool - PropAMMs & Orderflow dynamics - Trust as the barrier to entry - Application controlled execution - Market structure & ePBS Timestamps (00:00) - Bitcoin mining origins (02:15) - Launching Quasar at the right time (03:14) - Building credibility from the public mempool (05:04) - Climbing the leaderboard (07:31) - Trust is king (09:22) - Different types of orderflow (12:51) - CEX-DEX arbitrage (14:59) - PropAMMs (22:13) - Sharing orderflow (25:15) - Multi-party block construction (29:15) - Focus on bringing value to users (30:51) - ACE/ Faster Blocks/ Coordination (36:31) - Ship it mentality (41:31) - Impact of AI on building products (46:27) - Touching on ePBS (53:52) - Is the public mempool beyond saving?

It already happened, propAMMs won, you just didn't notice 🤓☝️ In this episode of Deeply Intents (🎤,🎧), I chat with @katiabanina from @bebop_dex 🎺🎹🎷🎶🎵🎶. We discuss propAMMs on Ethereum, how they compare to RFQ systems, and pushing the limits of DeFi innovation with BopAMM (Block Oracle Priced AMM). In particular we discuss: - RFQ & RFS - the role of market makers - price discovery & execution quality - block building with pAMMs - BopAMM use cases - the future of DeFi Timestamps: 0:00 - Cat stories 2:19 - BopAMM 6:28 - Request for stream (RFS) 9:41 - RFQ & RFS both have their place 10:53 - Block building and pAMMs 15:47 - Prop AMMs on Ethereum 18:20 - Integrating market makers 23:28 - BopAMM solves the last mile problem 25:00 - Providing passive liquidity is irrational 26:50 - AMMs, Price discovery & Execution quality 30:32 - Block building with pAMMs 33:45 - The oracle update & use cases 40:44 - Performance improvements and optimizations 43:05 - L2s in the future, focused on Ethereum 44:53 - Thinking about security 50:14 - Building with AI 54:18 - The future of DeFi is finance 55:10 - The innovation is blockchain 57:08 - RFQ innovation in the pipeline